NOT LISTED FOR SALE

40331 Ocean Isle Loop Avon, NC 27915

Avon Neighborhood

Estimated Value: $1,282,000 - $1,730,719

0.4 Acre
$3,766,075 Price per Acre
17,424 Sq Ft Lot

Last Sold October 25, 2022

Last sale price $1,030,000

Est. 46% increase in value since last sale

Current estimated payment $9,004/month

67 Days on Market

About This Lot

As of October 2022

Spectacular, large oceanfront lot in premier subdivision. The lot is level and has large rolling dunes and a beautiful, wide beach. In July 2022 Avon competed its beach nourishment. This effort enhanced an already wonderfully wide, expansive beach. This is the last oceanfront lot in the Ocean Isle Estates and offers a unique opportunity to build the oceanfront home of your dreams. Conveniently located with shopping, restaurants and Avon pier nearby.

Last Agent to Sell the Property

Connie Burke

Coastal Carolina Vacations License #220597 Listed on: 06/21/2022

Last Buyer's Agent

Connie Burke

Coastal Carolina Vacations License #220597 Listed on: 06/21/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,296

Year Built

  • 2023

Lot Details

  • 0.4 Acre Lot
  • Beach Front
  • Property fronts a private road
  • Cleared Lot
  • Property is zoned re

Utilities

  • Municipal Utilities District Water
  • Private or Community Septic Tank

Community Details

Overview

  • Ocean Isle Esta Subdivision

Recreation

  • Community Beach Access

Property Details

Property Type

Land

Est. Annual Taxes

$3,296

Year Built

2023

Lot Details

0

Listing Details

  • Class: LOTS/LAND
  • Flood Zone: Shaded X, X
  • Headline: Spectacular Oceanfront Lot
  • L V T Date: 06/21/2022
  • Roads: Private, Paved
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: re
  • Deed Book Pg Number: 0061`
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C34867
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 2023

Utilities

  • Sewer/Septic System: Private Septic
  • Water: Municipal
  • Electric: Available

Condo/Co-op/Association

  • Association Amenities: Ocean Access

Lot Info

  • Estimated Lot Sq Ft: 17500
  • Lot Description: Beach Frontage, Cleared
  • Estimated Lot Size: 0.40
  • Deed Book: 2536
  • Unit/Lot Number: Lot 3

Tax Info

  • Year: 2021
  • Taxes: 3296.27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 11, 2024
Sold by
Burris Donnan R and Burris Amy E
Bought by
Big Blue Obx Llc
Total Days on Market
67
Current Estimated Value
$1,506,430

Purchase Details

Listed on
Jun 21, 2022
Closed on
Oct 24, 2022
Sold by
Kuszyk Brian Scott and Kuszyk Cara Lynn
Bought by
Burris Donnan R and Burris Amy E
Seller's Agent
Connie Burke
Coastal Carolina Vacations
Buyer's Agent
Connie Burke
Coastal Carolina Vacations
List Price
$1,275,000
Sold Price
$1,030,000
Premium/Discount to List
-$245,000
-19.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.11%
Original Mortgage
$550,000
Interest Rate
6.25%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Big Blue Obx Llc -- None Listed On Document
Big Blue Obx Llc -- None Listed On Document
Burris Donnan R $1,330,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burris Donnan R $550,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2022 10/25/22 Sold $1,030,000 -19.2% --
08/27/2022 08/27/22 Pending -- -- --
06/21/2022 06/21/22 For Sale $1,275,000 -- --
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 $6,965 $840,100 $407,400 $432,700
2023 $1,632 $407,400 $407,400 $0
2022 $3,337 $407,400 $407,400 $0
2021 $3,296 $407,400 $407,400 $0
2020 $2,594 $407,400 $407,400 $0
2019 $2,594 $399,700 $399,700 $0
2018 $2,594 $399,700 $399,700 $0
2017 $2,594 $399,700 $399,700 $0
2016 $2,435 $399,700 $399,700 $0
2014 $2,435 $399,700 $399,700 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 119388

Outer Banks Association of REALTORS®

APN: 014564003