NOT LISTED FOR SALE

40300 Ocean Isle Loop Avon, NC 27915

Avon Neighborhood

Estimated Value: $1,376,435 - $1,614,000

8 Beds
7.5 Baths
4,216 Sq Ft
$343/Sq Ft Est. Value

Last Sold December 27, 2013

Last sale price $681,000 $162 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $8,629/month

472 Days on Market

Highlights

  • Community Beach Access
  • Home Theater
  • Contemporary Architecture
  • Ocean Front
  • Heated In Ground Pool
  • Cathedral Ceiling

About This Home

As of December 2013

This spacious 8 bedroom, 7.5 bath Semi Ocean Front home in prestigious "Ocean Isle Estates" offers outstanding rental income year after year. Vacationers appreciate the open floor plan and amenities including a great room with a home theater, fireplace, game room with kitchenette, loft with commanding ocean views, heated pool & hot tub and less than 200' to the beach access. Killer price to income ratio. Put this one on your best buy list! 2013 bookings so far are $82,330.00 Positive cash flow on this one! 2014 Rents Booked $63,615.00! 7% property management rate with Outer Beaches!

Last Agent to Sell the Property

Sandra Byers

Outer Banks Realty Group License #164033 Listed on: 09/10/2012

Co-Listed By

Anthony Baca

Coastal NC Realty Group License #253022

Last Buyer's Agent

Steven Dwight

Default, Office License #187703

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,819

Year Built

  • Built in 2003

Lot Details

  • 0.38 Acre Lot
  • Ocean Front
  • Fenced Yard
  • Landscaped
  • Corner Lot
  • Level Lot

Parking

  • Paved Parking

Home Design

  • Contemporary Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 4,216 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Home Theater
  • Loft
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Second Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Spa
  • Fiberglass Pool

Outdoor Features

  • Sun Deck
  • Covered Deck

Utilities

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

Listing and Financial Details

  • Tax Lot lot 22

Community Details

Overview

  • Ocean Isle Esta Subdivision

Recreation

  • Community Boardwalk
  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,819

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan
  • Directions: Before the first stop light in Avon and across the street from the Breeze Thru gas station
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Fenced Yard, Hot Tub, Jet Tub, Landscaped, Smoke Detector(s), Sun Deck
  • Flood Zone: AE
  • Subdivision Name: Ocean Isle Estates
  • Headline: $82,330.00 Booked in 2013
  • Heated Sq Ft: 4216
  • Roads: Paved
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: res
  • Deed Book Pg Number: 0141
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer, 2nd Dishwasher
  • Bedrooms: 8
  • Floor Coverings: Carpet, Ceramic Tile
  • Foundation: Piling
  • Full Bathrooms: 7
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Some Windows Treated, Washer Connection, Wet Bar
  • Optional Rooms: Loft, Home Theater
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Exterior: Shakes
  • Pool: Yes
  • Pool Type: In Ground, Fiberglass, Heated
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Paved

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Ocean Access, Board Walk

Lot Info

  • Estimated Lot Sq Ft: 16500
  • Lot Description: Corner, Level
  • Lot Number: lot 22
  • Deed Book: 1877

Rental Info

  • Est Annual Rental Income: 80363
  • Estimated Rental Performance: 0.118
  • Lease Terms: Weekly
  • Other Expenses: 547200
  • Rental Co: Outer Beaches Realty
  • Rental Cottage Name: Ocean Isle
  • Rental Cottage Number: 591
  • Rental Phone Number: 252-995-4477
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 2003

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2012
  • Taxes: 4819

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2012
Closed on
Dec 20, 2013
Sold by
Jinn Michael S and Jinn Natalja
Bought by
Wiggers Tyler and Wiggers Monica M
Seller's Agent
Sandra Byers
Outer Banks Realty Group
Buyer's Agent
Steven Dwight
Default, Office
List Price
$799,000
Sold Price
$681,000
Premium/Discount to List
-$118,000
-14.77%
Total Days on Market
472
Current Estimated Value
$1,448,109

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$767,109
Avg. Annual Appreciation
6.32%
Original Mortgage
$544,800
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2011
Sold by
Shelhorse Dennis J
Bought by
Jinn Michael S
Source: Public Records

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Range of Values:

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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
Wiggers Tyler $681,000 Lt
Jinn Michael S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wiggers Tyler $475,008
Closed Wiggers Tyler $544,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2013 12/27/13 Sold $681,000 -14.8% $162 / Sq Ft
12/26/2013 12/26/13 Pending -- -- --
09/10/2012 09/10/12 For Sale $799,000 -- $190 / 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 $6,370 $747,300 $221,400 $525,900
2023 $6,370 $768,336 $221,400 $546,936
2022 $6,293 $768,336 $221,400 $546,936
2021 $6,217 $768,336 $221,400 $546,936
2020 $4,285 $768,336 $221,400 $546,936
2019 $5,006 $743,700 $191,900 $551,800
2018 $5,006 $743,700 $191,900 $551,800
2017 $5,006 $743,700 $191,900 $551,800
2016 $4,698 $743,700 $191,900 $551,800
2014 $4,698 $743,700 $191,900 $551,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 76220

Outer Banks Association of REALTORS®

APN: 014564022