NOT LISTED FOR SALE

40 Fairway Dr Kitty Hawk, NC 27949

Estimated Value: $830,000 - $1,169,000

3 Beds
4 Baths
2,952 Sq Ft
$332/Sq Ft Est. Value

Last Sold November 01, 2023

Last sale price $785,000 $266 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $5,563/month

61 Days on Market

Highlights

  • Private Dock
  • Spa
  • Home fronts a canal
  • First Flight Middle School Rated A-
  • Golf Course View
  • Cape Cod Architecture

About This Home

As of November 2023

You'll be greeted by curb appeal and charm as soon as you pull up to this Cape Cod style custom home on a large canalfront lot in Southern Shores. The front yard is nicely landscaped with golf course views. The entire backyard is canalfront with ample yard space, beautiful mature trees and includes a canalfront dock. The canal leads to the open waters of the Currituck Sound. Enjoy boating and kayaking right from your backyard. The home was custom built in 1993 and has remained in the same family ever since and never used as a rental. While the home is advertised as a 3 bedroom, it is functioning as a 4 bedroom and with more additional bonus space. The covered front porch adds to the charm, welcoming you as you walk thru the front door into the hardwood floor entryway with views of the stone fireplace in the living space. The formal dining room is to your left before you get to the living space. As you enter the family room, you're greeted with tall ceilings and open space. You'll see the kitchen to your left. Two walls of windows surround the kitchen table, with plenty of space for a large dining or farmhouse table. The kitchen space itself is workable, with plenty of cabinets, natural light and best of all, a very very large pantry! This is a kitchen designed for someone who loves to cook and entertain! Off of the kitchen and family room, accessibly by ample french doors, is a large covered screen porch that also backs up to the fireplace. The screened porch leads to the large backyard. On one side of the living space is the primary bedroom with walk-in closet and large attached bathroom. Down the hall, there is a powder room, a laundry room with wash sink and storage and the entrance to the HUGE garage. The owners walled off one section of the garage to be storage, and it's accessible from the backyard via an exterior door. On the second level of the home you'll find one full and one half bathroom, 3 additional bedrooms and lots of bonus space. One of the bedrooms has a walk-in closet that leads to a large unfinished space that could easily be finished into a playroom, office or bonus space! It's huge! Another bedroom has an attached finished office/craft space. Additionally, there's a door leading from the hallway into walk-in attic storage. There is so much space in this home! This gem is solidly built and ready for new owners to freshen it up with some cosmetic updates. This home has so much to offer it's new owner!

Last Agent to Sell the Property

Jeanne-Marie DeStefano

Keller Williams - Outer Banks License #282161 Listed on: 07/18/2023

Keller Williams - Outer Banks

Last Buyer's Agent

Matt Myatt

Keller Williams - Outer Banks License #218707

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,148

Year Built

  • Built in 1993

Lot Details

  • 0.47 Acre Lot
  • Home fronts a canal
  • Level Lot
  • Property is zoned RS1

HOA Fees

  • $21 Monthly HOA Fees

Property Views

  • Golf Course
  • Canal

Home Design

  • Cape Cod Architecture
  • Traditional Architecture
  • Asphalt Shingled Roof
  • Shake Siding

Interior Spaces

  • 2,952 Sq Ft Home
  • Central Vacuum
  • Furnished
  • Gas Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Screened Porch

Kitchen

  • Oven or Range
  • Built-In Range
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Garage
  • Carport

Pool

  • Spa
  • Outdoor Shower

Outdoor Features

  • Private Dock
  • Covered Deck
  • Storage Shed

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Fuel Tank
  • Private or Community Septic Tank

Community Details

  • Linda Burek Association, Phone Number (410) 570-3552
  • Southern Shores Subdivision

Listing and Financial Details

  • Legal Lot and Block 16 / 119

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,148

Year Built

Built in 1993

Lot Details

0

HOA Fees

$21 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Cape Cod, Traditional
  • Extras: Central Vacuum, Covered Decks, Hot Tub, Outside Shower, Screened Porch, Storage Shed, Boat Dock, Dry Entry, Inside Laundry Room
  • Flood Zone: X, Shaded X
  • Headline: Simply Southern ... Shores
  • Heated Sq Ft: 2952
  • L V T Date: 07/18/2023
  • Roads: Paved
  • Sale/Rent: For Sale
  • Section: /
  • Waterfront Location: Canalfront
  • Zoning: RS1
  • Deed Book Pg Number: 0605
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C30917
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Countertop Range, Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 3
  • Bedroom 1: On Level: 1
  • Bedroom 2: On Level: 2
  • Bedroom 3: On Level: 2
  • Bedroom 4: On Level: 2
  • Kitchen: On Level: 1
  • Floor Coverings: Carpet, Vinyl, Hardwood
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: Gas Fireplace, Pantry, 1st Flr Ensuite
  • Dining Room: On Level: 1
  • Family Room: On Level: 1
  • Living Room: On Level: 1
  • Optional Rooms: Office
  • Partial Bathrooms: 2

Exterior Features

  • Exterior: Shakes
  • Roof: Asphalt/Fiber Shingle
  • View: Canal, Golf Course

Garage/Parking

  • Garage: 3 + Car

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Heat Pump
  • Fuel Tanks: Leased
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Condo/Co-op/Association

  • Association Fee: Yes
  • Estimated Annual Fee: 250
  • Hoa Contact: Linda Burek
  • HOA Contact: 410-570-3552

Lot Info

  • Estimated Lot Sq Ft: 20500
  • Lot Description: Bulkheaded, Level, Water Frontage
  • Lot Number: Lot 16
  • Estimated Lot Size: 0.47
  • Deed Book: 2655

Building Info

  • Year Built: 1993

Tax Info

  • Year: 2022
  • Taxes: 3148

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 11, 2024
Sold by
Khouri Matthew H
Bought by
Matthew H Khouri Revocable Living Trust and Khouri
Current Estimated Value
$979,970

Purchase Details

Listed on
Jul 18, 2023
Closed on
Oct 27, 2023
Sold by
Amended And Restated Revocable Trust
Bought by
Khouri Matthew H
Seller's Agent
Jeanne-Marie DeStefano
Keller Williams - Outer Banks
Buyer's Agent
Matt Myatt
Keller Williams - Outer Banks
List Price
$759,000
Sold Price
$785,000
Premium/Discount to List
$26,000
3.43%
Views
72

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.82%
Original Mortgage
$785,000
Interest Rate
7.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2022
Sold by
Klahre Nancy B
Bought by
Amended And Restated Revocable Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Matthew H Khouri Revocable Living Trust -- None Listed On Document
Matthew H Khouri Revocable Living Trust -- None Listed On Document
Khouri Matthew H $4,710,000 None Listed On Document
Amended And Restated Revocable Trust -- --
Amended And Restated Revocable Trust -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Khouri Matthew H $785,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2023 11/01/23 Sold $785,000 +3.4% $266 / Sq Ft
09/17/2023 09/17/23 Pending -- -- --
09/15/2023 09/15/23 For Sale $759,000 0.0% $257 / Sq Ft
07/23/2023 07/23/23 Pending -- -- --
07/18/2023 07/18/23 For Sale $759,000 -- $257 / Sq Ft
Source: Outer Banks Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,892 $1,084,200 $279,700 $804,500
2024 $3,148 $494,700 $173,400 $321,300
2023 $3,148 $494,700 $173,400 $321,300
2022 $3,148 $494,700 $173,400 $321,300
2021 $3,148 $494,700 $173,400 $321,300
2020 $2,950 $494,700 $173,400 $321,300
2019 $3,257 $472,100 $148,800 $323,300
2018 $3,324 $481,800 $148,800 $333,000
2017 $3,324 $481,800 $148,800 $333,000
2016 $3,132 $481,800 $148,800 $333,000
2014 $313 $481,800 $148,800 $333,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 122822

Outer Banks Association of REALTORS®

APN: 022356016