NOT LISTED FOR SALE

40328 Ocean Isle Loop Avon, NC 27915

Avon Neighborhood

Estimated Value: $1,160,000 - $1,617,000

6 Beds
6.5 Baths
3,853 Sq Ft
$351/Sq Ft Est. Value

Last Sold February 07, 2017

Last sale price $730,000 $189 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $8,302/month

133 Days on Market

Highlights

  • Community Beach Access
  • In Ground Pool
  • Cathedral Ceiling
  • Ocean Front
  • Contemporary Architecture
  • Wood Flooring

About This Home

As of February 2017

PARADISE RETREAT IS ONE OF THE JEWELS OF THE AVON OCEANSIDE. THIS XL RESORT HOME HAS THE BEST OCEAN ISLE SUBDIVISION ADDRESS AND THE BEST IN VACATION AMENITIES. PARADISE IS LOCATED JUST A SHORT JAUNT FROM THE OCEAN BOARDWALK. THE BEACH IS WIDE, INVITING, AND UNCROWDED. AVON HAS THE FOOD LION, SUPER SHOPPING, INCREDIBLE WATERSPORTS STORES AND SOME OF THE BEST RESTAURANTS ON THE ISLAND. PARADISE RETREAT WAS DESIGNED TO BE A RESORT SUPERSTAR. THE OCEAN IS THE GREATEST DRAW BUT THE BACKYARD POOL, HOT TUB, AND SUPER SUNNING ARE NOT BAD. THE HOUSE IS SET UP FOR VACATIONING. A GAMEROOM WITH POOL TABLE IS ON THE FIRST FLOOR. THE SECOND FLOOR HAS MORE BEDROOMS AND A DEN. THE THIRD FLOOR HAS A TOP OF THE LINE GREAT ROOM WITH SUPER KITCHEN, DINING, AND SCREENED PORCH. OPPORTUNITY IS GOING TO KNOCK FOR THE PATIENT BUYER WILLING TO ENTER INTO A SHORT SALE. WE HAVE A SUCCESSFUL TEAM ON NEGOTIATORS READY TO MAKE PARADISE RETREAT YOUR HOME AT THE BEACH. THIS IS A SHORT SALE. MAKE SURE YOU INCLUDE ALL SIX OWNERS NAMES.

Last Agent to Sell the Property

Robert Barris

Vacasa North Carolina dba Vacasa - Avon License #105068 Listed on: 04/06/2016

Last Buyer's Agent

Trafton Reynolds

NC 12 Realty License #265864

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,683

Year Built

  • Built in 2004

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 88x183x89x175
  • Ocean Front
  • Property fronts a private road
  • Corner Lot
  • Property is zoned R1

Property Views

  • Ocean
  • Park or Greenbelt

Home Design

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

Interior Spaces

  • 3,853 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Library
  • Game Room
  • Screened Porch
  • Washer

Kitchen

  • Built-In Oven
  • Built-In Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom

Parking

  • Garage
  • Carport
  • Tuck Under Parking
  • Off-Street Parking

Pool

  • In Ground Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Covered Deck
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tax Lot 21

Community Details

Overview

  • Built by BDA
  • Ocean Isle Esta Subdivision

Recreation

  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,683

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan
  • Directions: INTO AVON TURN ONTO OCEAN ISLE LOOP NEAR THE DESERVEDLY FAMOUS KETCH 55 RESTAURANT. PARADISE RETREAT IS A SEMI OCEANFRONT. LOOK FOR HR SIGN.
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Hot Tub, Outside Lighting, Outside Shower, Screened Porch, Dry Entry
  • Flood Zone: AE
  • Subdivision Name: OCEAN ISLE ESTATES
  • Headline: SHORT SALE OPPORTUNITY
  • Heated Sq Ft: 3853
  • L V T Date: 04/06/2016
  • Potential Short Sale: Yes
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: R1
  • Deed Book Pg Number: 0163
  • Office License Number: C3830
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Appliances: Countertop Range, Dishwasher, Ice Machine, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer
  • Bedrooms: 6
  • Bedroom 1: XL, On Level: 3
  • Bedroom 2: LG, On Level: 2
  • Bedroom 3: LG, On Level: 2
  • Bedroom 4: LG, On Level: 2
  • Bedroom 5: LG, On Level: 2
  • Bedroom 6: LG, On Level: 1
  • Kitchen: XL COMBO, On Level: 3
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Wood
  • Foundation: Piling
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Wet Bar
  • Dining Room: XL COMBO, On Level: 3
  • Game Room: LG, On Level: 1
  • Living Room: XL COMBO, On Level: 3
  • Optional Rooms: Game Room, Library/Study
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: BDA
  • Construction: Frame, Wood
  • Covered Deck Size: YES
  • Exterior: Lap Siding, Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Screen Porch Size: YES
  • Street Frontage: 88
  • Sun Deck Size: XL
  • View: Ocean, Park Serv/Preserve

Garage/Parking

  • Garage: 2 Car, Carport
  • Parking: Paved, Off Street, Under

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Ocean Access

Lot Info

  • Estimated Lot Sq Ft: 15000
  • Lot Description: Corner
  • Lot Faces: E
  • Lot Size: 88X183X89X175
  • Lot Number: Lot 21
  • Deed Book: 1671

Rental Info

  • Lease Terms: Weekly
  • Other Expenses: 187300
  • Rental Co: Vacasa - Hatteras
  • Rental Cottage Name: PARADISE RETREAT
  • Rental Cottage Number: 26 OE
  • Rental Phone Number: 800-428-8372
  • Rental Turnover Day: SAT
  • Annual Cable TV Expense: 1732
  • Annual Electric: 5998
  • Annual Telephone Expense: 540
  • Annual Water Expense: 820

Building Info

  • Year Built: 2004

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2015
  • Taxes: 4683

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2016
Closed on
Feb 6, 2017
Sold by
Vaughn Larry G and Vaughn Billie H
Bought by
Zaki Juan S and Zaki Zaida L
Seller's Agent
Robert Barris
Vacasa North Carolina dba Vacasa - Avon
Buyer's Agent
Trafton Reynolds
NC 12 Realty
List Price
$990,000
Sold Price
$730,000
Premium/Discount to List
-$260,000
-26.26%
Current Estimated Value
$1,403,039

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$673,039
Avg. Annual Appreciation
7.53%
Original Mortgage
$584,000
Outstanding Balance
$484,774
Interest Rate
4.12%
Mortgage Type
New Conventional
Estimated Equity
$869,180

Purchase Details

Closed on
Jan 25, 2006
Sold by
Talbott Stephen S and Talbott Dede R
Bought by
Vaughn Larry G and Vaughn Billie H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.14%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Zaki Juan S $730,000 None Available
Vaughn Larry G $1,300,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zaki Juan S $584,000
Previous Owner Vaughn Billie H $1,000,000
Previous Owner Vaughn Larry G $168,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2017 02/07/17 Sold $730,000 -26.3% $189 / Sq Ft
08/17/2016 08/17/16 Pending -- -- --
04/06/2016 04/06/16 For Sale $990,000 -- $257 / 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 $7,436 $870,700 $216,000 $654,700
2023 $7,436 $896,888 $216,000 $680,888
2022 $7,346 $896,888 $216,000 $680,888
2021 $7,278 $896,888 $216,000 $680,888
2020 $5,002 $896,888 $216,000 $680,888
2019 $4,973 $738,500 $187,200 $551,300
2018 $4,973 $738,500 $187,200 $551,300
2017 $4,990 $738,500 $187,200 $551,300
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    Robert Barris

    Vacasa North Carolina dba Vacasa - Avon

    Section Image
  • Trafton Reynolds

    Buyer's Agent in 2017

    Trafton Reynolds

    NC 12 Realty

    (252) 996-0104

    43 in this area

    160 Total Sales

    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 91887

Outer Banks Association of REALTORS®

APN: 014564021

North Carolina Dare County Avon Avon

40328 Ocean Isle Loop, Avon, NC

This home is located at 40328 Ocean Isle Loop, Avon, NC 27915 since 06 April 2016 and is currently estimated at $1,353,954, approximately $351 per square foot. This property was built in 2004. 40328 Ocean Isle Loop is a home located in Dare County with nearby schools including Cape Hatteras Elementary School and Cape Hatteras Secondary School.

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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