NOT LISTED FOR SALE

40240 Ocean Isle Loop Avon, NC 27915

Avon Neighborhood

Estimated Value: $932,000 - $1,163,000

7 Beds
7 Baths
3,652 Sq Ft
$284/Sq Ft Est. Value

Last Sold December 15, 2020

Last sale price $590,000 $162 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $6,132/month

435 Days on Market

Highlights

  • Community Beach Access
  • Outdoor Pool
  • Hydromassage or Jetted Bathtub
  • Ocean View
  • Second Refrigerator
  • Loft

About This Home

As of December 2020

Make sure you place this home at the top of your list to SHOW! A proven rental investment that has been performing year after year. Pamlico is located in one of the Premier subdivisions of Avon.. Ocean Isle Estates. Only steps to the community walkway that leads to wide and stable beaches. This quality built, spacious, professionally decorated home has all the bells and whistles. 7 bedrooms (which include 5 masters that open up to decks ). The top floor contains the well stocked kitchen with ample space for several cooks at a time to create meals and memories. The greatroom has wall to wall windows to let the glorious NC sunshine in. There is also the master bedroom with a private bath with a jet tub, sure to please. A few steps up you will find the loft, which draws you in to sit and relax and check out the views. The mid floor consists of 4 additional bedrooms and a very nice den area. The ground floor has twin beds and bunks and a game room with a pool table, wetbar, full size refrigerator, microwave, pub table, and nice flat screen tv. This area leads out to the 14'x28' inground pool and hot tub, and covered bar area. The elevator certainly comes in handy after a long day of beach playing.

Last Agent to Sell the Property

Cherie Beacham

Keller Williams - Outer Banks License #175316 Listed on: 07/10/2019

Keller Williams - Outer Banks

Last Buyer's Agent

Debbie Shealey

Coldwell Banker Seaside Realty KH License #154489

Coldwell Banker Seaside Realty KH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,401

Year Built

  • Built in 2004

Lot Details

  • 0.41 Acre Lot
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 3,652 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Loft
  • Ocean Views

Kitchen

  • Built-In Oven
  • Built-In Range
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • En-Suite Primary Bedroom
  • 7 Full Bathrooms
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Pool

  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tax Lot 25

Community Details

Overview

  • Ocean Isle Esta Subdivision

Recreation

  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,401

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: Take northern entrance to Ocean Isle Loop, house is 1st on right.
  • Extras: Ceiling Fan(s), Elevator, Hot Tub, Jet Tub, Outside Lighting, Outside Shower, Sun Deck, Dry Entry
  • Flood Zone: AE
  • Subdivision Name: Ocean Isle Estates
  • Headline: EXCELLENT RENTAL INCOME
  • Heated Sq Ft: 3652
  • L V T Date: 07/13/2019
  • Roads: Paved
  • Sale/Rent: For Sale
  • Waterfront Location: 4 - lots from oceanfront (5th row)
  • Zoning: res
  • Advertised Income 2020: 92190
  • Deed Book Pg Number: 0393
  • 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, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 7
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Wood Laminate
  • Foundation: Piling
  • Full Bathrooms: 7
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Gas Fireplace, Ensuite, Wet Bar
  • Optional Rooms: Foyer, Loft, Pantry

Exterior Features

  • Construction: Frame
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Off Street

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Ocean Access
  • Home Owner Dwelling Insurance: 5577

Lot Info

  • Estimated Lot Sq Ft: 18000
  • Lot Description: Level
  • Lot Number: Lot 25
  • Estimated Lot Size: 0.41
  • Deed Book: 1580

Rental Info

  • Flood Expenses: 870
  • Rental Co: Outer Beaches Realty
  • Rental Cottage Name: Pamlico
  • Rental Cottage Number: 914
  • Rental Phone Number: 252-995-4477
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Estimated
  • Annual Cable TV Expense: 1410
  • Annual Electric: 6500
  • Annual Telephone Expense: 360
  • Annual Water Expense: 1500
  • Rental Contact Email: roxanne.staylor@outerbeaches.com
  • Rental Contact Name: Roxanne Staylor
  • Rental Contact Phone: 252-995-7347

Building Info

  • Year Built: 2004

Tax Info

  • Year: 2018
  • Taxes: 4401.04

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2019
Closed on
Dec 1, 2020
Sold by
Gf Partners Avon Ii Llc
Bought by
Thomas Jeffrey M and Thomas Sharon Z
Seller's Agent
Cherie Beacham
Keller Williams - Outer Banks
Buyer's Agent
Debbie Shealey
Coldwell Banker Seaside Realty KH
List Price
$639,900
Sold Price
$590,000
Premium/Discount to List
-$49,900
-7.8%
Current Estimated Value
$1,038,018

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$448,018
Avg. Annual Appreciation
12.89%
Original Mortgage
$472,000
Outstanding Balance
$421,925
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$616,093
Source: Public Records

Range of Values:

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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
Thomas Jeffrey M $590,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas Jeffrey M $472,000
Previous Owner Gf Partners Avon Ii Llc $1,000,000
Previous Owner Gf Partners Aven Ii Llc $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2020 12/15/20 Sold $590,000 -7.8% $162 / Sq Ft
09/17/2020 09/17/20 Pending -- -- --
07/10/2019 07/10/19 For Sale $639,900 -- $175 / 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
2024 $5,391 $630,100 $125,800 $504,300
2023 $5,391 $650,272 $125,800 $524,472
2022 $5,326 $650,272 $125,800 $524,472
2021 $5,278 $650,272 $125,800 $524,472
2020 $3,627 $650,272 $125,800 $524,472
2019 $4,164 $616,400 $115,600 $500,800
2018 $4,401 $648,700 $115,600 $533,100
2017 $4,401 $648,700 $115,600 $533,100
2016 $4,114 $648,700 $115,600 $533,100
2014 $4,114 $648,700 $115,600 $533,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 105831

Outer Banks Association of REALTORS®

APN: 014564025