NOT LISTED FOR SALE

40300 Ocean Isle Loop Avon, NC 27915

Avon Area

Estimated Value: $1,448,272

8 Beds
7.5 Baths
4,216 Sq Ft
$344/Sq Ft Est. Value

Sale Details

Date Sold: December 27, 2013

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

Est. 113% increase in value since last sale

Current estimated payment $8,892 / mo

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

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 Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,819

Year Built

  • Built in 2003

Lot Details

  • 16,500 Sq Ft 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

0.38 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
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%
Current Estimated Value
$1,448,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$767,272
Avg. Annual Appreciation
6.09%
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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Avon, NC

  • Rick Uhl Real Estate Agent - NC VA Land and Home Inc

    Rick Uhl

    NC VA Land and Home Inc

    (757) 909-6490

    66 Total Sales

    12 in Avon

    $39K - $960K Price Range

    Rick Uhl
     Section Image
  • Richard Tolson Real Estate Agent - RT Realty OBX, LLC

    Richard Tolson

    RT Realty OBX, LLC

    (252) 599-5418

    56 Total Sales

    1 in Avon

    $89,500 Price

    Richard Tolson
     Section Image
  • Trisha Midgett Real Estate Agent - Midgett Realty - Rodanthe

    Trisha Midgett

    Responds Quickly

    Midgett Realty - Rodanthe

    (252) 650-8051

    1,055 Total Sales

    224 in Avon

    $39K - $5.3M Price Range

    Trisha Midgett
     Section Image
  • Nancy Scarborough Real Estate Agent - Dolphin Realty, Inc.

    Nancy Scarborough

    Dolphin Realty, Inc.

    (252) 475-7378

    29 Total Sales

    1 in Avon

    $450,000 Price

    Nancy Scarborough
     Section Image
  • Haley Winslow Real Estate Agent - Coldwell Banker Seaside Realty KH

    Haley Winslow

    Coldwell Banker Seaside Realty KH

    (828) 268-3712

    89 Total Sales

    1 in Avon

    $85,000 Price

    Haley Winslow
     Section Image
  • Karen Etheridge Real Estate Agent - Sun Realty - Kitty Hawk / Currituck

    Karen Etheridge

    Responds Quickly

    Sun Realty - Kitty Hawk / Currituck

    (252) 429-5662

    99 Total Sales

    1 in Avon

    $650,000 Price

    Karen Etheridge
     Section Image
See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$681,000 Lt
Jinn Michael S -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,838 $1,332,000 $345,900 $986,100
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

  • SB

    Seller's Agent in 2013

    Sandra Byers

    Outer Banks Realty Group

    Section Image

  • AB

    Seller Co-Listing Agent in 2013

    Anthony Baca

    Coastal NC Realty Group

    Section Image

  • SD

    Buyer's Agent in 2013

    Steven Dwight

    Default, Office

See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 76220

Outer Banks Association of REALTORS®

APN: 014564022

North Carolina Dare County Avon

40300 Ocean Isle Loop, Avon, NC

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Outer Banks Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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