NOT LISTED FOR SALE

40297 Ocean Isle Loop Avon, NC 27915

Estimated Value: $1,773,000 - $2,879,000

10 Beds
11.5 Baths
5,145 Sq Ft
$472/Sq Ft Est. Value

Last Sold April 05, 2021

Last sale price $1,835,000 $357 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $13,795/month

155 Days on Market

Highlights

  • Beach Front
  • Home Theater
  • Second Refrigerator
  • Ocean View
  • Outdoor Pool
  • Coastal Architecture

About This Home

As of April 2021

"Castlemere" has the 'WOW' factor that will keepvisitors coming back year after year! With beautiful views and 10 bedrooms this home offers the complete package for multi-family renters looking for ample living space and amazing views! Walk into the bottom game room level to find ample space, a 55" flat screen, and 3 master bedrooms, all on the first level! After a round of pool, take the elevator up to the middle level to find 5 more spacious bedrooms. When you'reready for a meal and some family fun, head up to the top level and enjoy dinner in the large dining room, spacious kitchen, and the final 2bedrooms. The large cathedral ceilings and gourmet kitchen offer optimal space for large groups spending their week at the beach. Speaking of the beach, head over the dune to spend your day sunning, fishing, paddle boarding, or take a walk down to the world famous Avon pier! This home is also in close proximity to Spa Koru, the Beach Klub, and many great restaurants - all within walking distance. Ready to invest in a beachfront beauty? With a ROI of more than 10% and more than $216K already on the books for 2021, "Castlemere" is sure to please! Recent improvements include a new roof and new stone driveway in 2019; resurfaced pool and new coping as well as new carpeting in 2018. Improvements in 2017 included: new gas grill, new flooring, newbedspreads, fresh exterior trim paint, new refrigerators and dishwashers in the kitchen and a new ice machine in game room. This is one you don't want to miss...come and visit Castlemere today!!

Last Agent to Sell the Property

Trisha Midgett

Midgett Realty - Rodanthe License #162204 Listed on: 09/04/2020

Last Buyer's Agent

David Weybright

Coastal Outer Banks Realty License #185816

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,609

Year Built

  • Built in 2003

Lot Details

  • Beach Front
  • Property fronts a private road
  • Level Lot

Home Design

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

Interior Spaces

  • 5,145 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Fireplace
  • Home Theater
  • Game Room
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Accessible Home Design

  • Handicap Accessible

Pool

  • Outdoor Pool
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Community Details

  • Ocean Isle Esta Subdivision

Listing and Financial Details

  • Tax Lot 1

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,609

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Elevator, Handicap Friendly, Outside Lighting, Outside Shower, Sun Deck, Inside Laundry Room
  • Flood Zone: X
  • Subdivision Name: Ocean Isle Estates
  • Headline: OVER 10% ROI!!
  • Heated Sq Ft: 5145
  • L V T Date: 09/04/2020
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Advertised Income 2020: 198336
  • Advertised Income 2021: 216442
  • Deed Book Pg Number: 638
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C0569
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 10
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 11
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Gas Fireplace, Ensuite, Wet Bar
  • Optional Rooms: Game Room, Home Theater
  • Partial Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street

Utilities

  • Cooling: Central
  • Heating: Electric, Forced Air
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Lot Info

  • Lot Description: Beach Frontage, Level
  • Lot Number: Lot 1
  • Deed Book: 2138

Rental Info

  • Est Annual Rental Income: 214450
  • Estimated Rental Performance: 0.1169
  • Lease Terms: Weekly
  • Rental Co: Surf or Sound Realty
  • Rental Cottage Name: Castlemere
  • Rental Cottage Number: 652
  • Rental Turnover Day: Saturday
  • Rental Contact Email: lisal@surforsound.com
  • Rental Contact Name: Lisa Latham

Building Info

  • Year Built: 2003

Tax Info

  • Year: 2020
  • Taxes: 9609.46

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2020
Closed on
Mar 8, 2021
Sold by
Glah Thomas and Glah Debra M
Bought by
Obx Getaways Llc
Seller's Agent
Trisha Midgett
Midgett Realty - Rodanthe
Buyer's Agent
David Weybright
Coastal Outer Banks Realty
List Price
$1,999,000
Sold Price
$1,835,000
Premium/Discount to List
-$164,000
-8.2%
Current Estimated Value
$2,408,649

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$573,649
Avg. Annual Appreciation
6.12%
Original Mortgage
$1,284,500
Outstanding Balance
$1,154,709
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$1,272,992

Purchase Details

Closed on
Oct 12, 2016
Sold by
Glah Thomas and Glah Debra M
Bought by
Glah Thomas and Glah Debra M

Purchase Details

Closed on
Aug 11, 2005
Sold by
Glah Thomas and Glah Debra M
Bought by
Glah Thomas and Glah Debra M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Obx Getaways Llc $1,835,000 None Available
Glah Thomas -- None Available
Glah Thomas -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Obx Getaways Llc $1,284,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/05/2021 04/05/21 Sold $1,835,000 -3.4% $357 / Sq Ft
02/06/2021 02/06/21 Pending -- -- --
11/04/2020 11/04/20 Price Changed $1,899,000 -5.0% $369 / Sq Ft
09/04/2020 09/04/20 For Sale $1,999,000 -- $389 / 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 $13,650 $2,346,300 $1,271,800 $1,074,500
2024 $14,286 $1,674,600 $463,300 $1,211,300
2023 $14,286 $1,723,052 $463,300 $1,259,752
2022 $14,114 $1,723,052 $463,300 $1,259,752
2021 $13,941 $1,723,052 $463,300 $1,259,752
2020 $9,609 $1,723,052 $463,300 $1,259,752
2019 $8,040 $1,201,300 $454,600 $746,700
2018 $8,040 $1,201,300 $454,600 $746,700
2017 $8,040 $1,201,300 $454,600 $746,700
2016 $7,545 $1,201,300 $454,600 $746,700
2014 $7,545 $1,201,300 $454,600 $746,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 110863

Outer Banks Association of REALTORS®

APN: 014564001