NOT LISTED FOR SALE

40 Ocean Blvd Kitty Hawk, NC 27949

Estimated Value: $1,370,000 - $2,133,720

3 Beds
3.5 Baths
2,238 Sq Ft
$801/Sq Ft Est. Value

Last Sold October 30, 2020

Last sale price $1,025,000 $458 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $10,298/month

122 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Cathedral Ceiling
  • First Flight Middle School Rated A-
  • Home Theater
  • Sun or Florida Room

About This Home

As of October 2020

As soon as you enter, you'll feel the warmth of this beloved family home! Originally built from cinder block (made on site) as a two room flat top cottage, it has expanded to accommodate a larger family, while retaining all of its unique charm. Expansive gathering spaces include living room, media room, huge sunroom/sleeping porch and cozy bunk room, in addition to the three master suites. The double-sided wood fireplace is one of a kind! The screened porch off the kitchen/dining area invites relaxation, and provides easy access to the large dune deck. Over the years, family members have adorned the home with more art, much of which was created from recycled materials. There will be some exclusions to the Bill of Sale posted soon in Associated Docs. Renters love this home, and (as you'll see in the histories) return year after year! Check out the SSR Rental site: https://www.southernshores.com/outer-banks-rentals/0143-hook-line-and-sinker, for more details! Seller believes the home to be in good condition, but due to its age, it is being sold AS-IS. Inspections are welcome! The 100' wide lot has a deep, vegetated protective dune. Floor plans are included in the Virtual Tour (link above). Join the voluntary Southern Shores Civic Association for access to sound side marinas, tennis, parks & more!

Last Agent to Sell the Property

Janet Owen

Southern Shores Realty License #251631 Listed on: 01/18/2020

Last Buyer's Agent

Sumit Gupta

VR Real Estate Advisors, LLC License #212627

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,156

Year Built

  • Built in 1954

Lot Details

  • 0.65 Acre Lot
  • Beach Front
  • 100 Feet of Waterfront
  • Property is zoned RS-1

HOA Fees

  • $8 Monthly HOA Fees

Parking

  • Paved Parking

Home Design

  • Bungalow
  • Masonry Perimeter Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Siding

Interior Spaces

  • 2,238 Sq Ft Home
  • Furnished
  • Beamed Ceilings
  • Cathedral Ceiling
  • Wood Burning Fireplace
  • Window Treatments
  • Entrance Foyer
  • Home Theater
  • Sun or Florida Room
  • Screened Porch
  • Ocean Views
  • Stacked Washer and Dryer

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Home Security

  • Storm Doors
  • Fire and Smoke Detector

Outdoor Features

  • Outdoor Shower
  • Sun Deck

Utilities

  • Heat Pump System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Listing and Financial Details

  • Legal Lot and Block s 3-4 / 4

Community Details

Overview

  • Www.Sscaobx.Org Association, Phone Number (252) 261-8617
  • Southern Shores Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,156

Year Built

Built in 1954

Lot Details

0

HOA Fees

$8 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Bungalow
  • Directions: North on NC 12 (Ocean Blvd.), house is oceanfront on right just past Skyline Dr.
  • Extras: Beach Access, Boardwalk to Beach, Outside Shower, Screened Porch, Smoke Detector(s), Storm Doors, Sun Deck
  • Flood Zone: VE
  • Headline: Classic! Room for Pool!
  • Heated Sq Ft: 2238
  • L V T Date: 01/19/2020
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 1
  • Waterfront Location: Oceanfront
  • Zoning: RS-1
  • Advertised Income 2020: 44736
  • Deed Book Pg Number: 474
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C10210
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Range/Oven, Refrigerator w/Ice Maker, Stackable Washer/Dryer
  • Bedrooms: 3
  • Countertops: Laminate
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Ceramic Tile
  • Foundation: Masonry
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: Beamed Ceiling(s), Cathedral Ceiling(s), Dryer Connection, Ice Maker Connection, Ensuite, Pantry, Some Windows Treated, Washer Connection, Wood Fireplace, 1st Flr Ensuite
  • Optional Rooms: Foyer, Sun/Florida Room, Media Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Block, Frame
  • Exterior: Sheet Siding
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 100
  • View: Ocean
  • Water Frontage: 100

Garage/Parking

  • Parking: Paved

Utilities

  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Condo/Co-op/Association

  • Association Fee: Voluntary - Restrictive Covenants May Apply
  • Estimated Annual Fee: 95
  • Hoa Contact: www.sscaobx.org
  • HOA Contact: 252-261-8617

Lot Info

  • Estimated Lot Sq Ft: 28500
  • Lot Description: Beach Frontage, Water Frontage
  • Lot Faces: W
  • Lot Number: Lots 3-4
  • Estimated Lot Size: 0.65
  • Deed Book: 1749

Rental Info

  • Lease Terms: Weekly
  • Rental Co: Southern Shores Realty
  • Rental Cottage Name: Hook, Line and Sinker
  • Rental Cottage Number: 143
  • Rental Phone Number: 252-261-2000
  • Rental Turnover Day: Saturday
  • Rental Contact Email: pfchappelle@southernshores.com
  • Rental Contact Name: Patrina Falacco Chappelle
  • Rental Contact Phone: 252-261-2000

Building Info

  • Year Built: 1954

Tax Info

  • Year: 2020
  • Taxes: 7155.76

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2020
Closed on
Oct 23, 2020
Sold by
Crouse Helen Keyle and Crouse Robert
Bought by
Gupta Sumit
Seller's Agent
Janet Owen
Southern Shores Realty
Buyer's Agent
Sumit Gupta
VR Real Estate Advisors, LLC
List Price
$1,099,000
Sold Price
$1,025,000
Premium/Discount to List
-$74,000
-6.73%
Current Estimated Value
$1,792,930

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$767,930
Avg. Annual Appreciation
11.26%
Original Mortgage
$922,500
Outstanding Balance
$832,634
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$960,296

Purchase Details

Closed on
Jul 19, 2019
Sold by
Raffaniello Ft
Bought by
Verhof Geoff K and Verhof Dorinda M

Purchase Details

Closed on
Feb 27, 2007
Sold by
Connelly Dyan W and Connelly Frank R
Bought by
Crouse Helen Keyle
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gupta Sumit $1,025,000 None Available
Verhof Geoff K -- --
Crouse Helen Keyle -- None Available
Connelly Dyan W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gupta Sumit $922,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2020 10/30/20 Sold $1,025,000 -6.7% $458 / Sq Ft
05/19/2020 05/19/20 Pending -- -- --
01/18/2020 01/18/20 For Sale $1,099,000 -- $491 / 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 $11,750 $2,291,400 $1,911,000 $380,400
2024 $8,854 $1,190,100 $941,900 $248,200
2023 $4,766 $1,200,028 $941,900 $258,128
2022 $8,854 $1,200,028 $941,900 $258,128
2021 $8,854 $1,200,028 $941,900 $258,128
2020 $7,156 $1,200,028 $941,900 $258,128
2019 $7,196 $1,036,900 $915,700 $121,200
2018 $7,196 $1,036,900 $915,700 $121,200
2017 $7,196 $1,036,900 $915,700 $121,200
2016 $6,779 $1,036,900 $915,700 $121,200
2014 $6,779 $1,036,900 $915,700 $121,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 107944

Outer Banks Association of REALTORS®

APN: 022614000