NOT LISTED FOR SALE

40360 Ocean Isle Loop Avon, NC 27915

Avon Neighborhood

Estimated Value: $1,239,395 - $1,443,000

6 Beds
7 Baths
3,784 Sq Ft
$358/Sq Ft Est. Value

Last Sold August 28, 2020

Last sale price $780,000 $206 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $8,125/month

276 Days on Market

Highlights

  • Ocean Front
  • Second Refrigerator
  • Cathedral Ceiling
  • Outdoor Pool
  • Coastal Architecture
  • Wood Flooring

About This Home

As of August 2020

Come check out "Four Winds", an upscale, beautifully furnished 6 bedroom, 5 plus bath home in the heart of Avon. The elevator makes for convenience and easy access in this lovely reverse floor-plan home with excellent ocean views. The game room is spacious with wet bar and additional full sized fridge which is only a few steps to the private pool and hot tub area. Special features include wood and tile flooring, second dishwasher, ice machine, great rental income and convenient beach access right across the street. This spacious home has room for plenty of good times with family and friends. Check out "Four Winds" soon.

Last Agent to Sell the Property

Rita Dwight

Surf or Sound Realty - Avon License #187702 Listed on: 11/18/2019

Last Buyer's Agent

Trisha Midgett

Midgett Realty - Rodanthe License #162204

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,370

Year Built

  • Built in 2003

Lot Details

  • 0.36 Acre Lot
  • Ocean Front

Home Design

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

Interior Spaces

  • 3,784 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • Loft
  • Game Room
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

  • Outdoor Pool
  • Spa

Outdoor Features

  • Sun Deck
  • Covered Deck

Utilities

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

Listing and Financial Details

  • Tax Lot 19

Community Details

Overview

  • Ocean Isle Esta Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,370

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Extras: Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Elevator, Hot Tub, Sun Deck
  • Headline: Spacious Semi-Oceanfront!
  • Heated Sq Ft: 3784
  • L V T Date: 11/18/2019
  • Roads: Paved
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: R-1
  • Advertised Income 2020: 81571
  • Deed Book Pg Number: 0381
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C7816
  • 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, Washer, 2nd Refrigerator
  • Bedrooms: 6
  • Floor Coverings: Carpet, Tile, Wood
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Ensuite, Wet Bar
  • Optional Rooms: Game Room, Loft
  • Partial Bathrooms: 2

Exterior Features

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

Garage/Parking

  • Parking: Paved, Off Street

Utilities

  • Cooling: Central
  • Heating: Central
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Lot Info

  • Estimated Lot Sq Ft: 15500
  • Lot Number: Lot 19
  • Estimated Lot Size: 0.36
  • Deed Book: 1439

Rental Info

  • Est Annual Rental Income: 80300
  • Estimated Rental Performance: 0.1029
  • Lease Terms: Weekly
  • Rental Co: Surf or Sound Realty
  • Rental Cottage Name: Four Winds
  • Rental Cottage Number: 346

Building Info

  • Year Built: 2003

Tax Info

  • Year: 2019
  • Taxes: 5370

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2019
Closed on
Aug 28, 2020
Sold by
Higgins Keith D and Higgins Marion
Bought by
Fraelich Jeffrey Christopher
Seller's Agent
Rita Dwight
Surf or Sound Realty - Avon
Buyer's Agent
Trisha Midgett
Midgett Realty - Rodanthe
List Price
$799,000
Sold Price
$780,000
Premium/Discount to List
-$19,000
-2.38%
Total Days on Market
276
Current Estimated Value
$1,353,099

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$573,099
Avg. Annual Appreciation
11.42%
Original Mortgage
$624,000
Outstanding Balance
$456,536
Interest Rate
2.4%
Mortgage Type
New Conventional
Estimated Equity
$851,132
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
Fraelich Jeffrey Christopher $780,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fraelich Jeffrey Christopher $624,000
Previous Owner Higgins Keith D $396,000
Previous Owner Higgins Keith D $30,000
Previous Owner Higgios Keith D $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2020 08/28/20 Sold $780,000 -2.4% $206 / Sq Ft
08/20/2020 08/20/20 Pending -- -- --
08/14/2020 08/14/20 For Sale $799,000 0.0% $211 / Sq Ft
07/04/2020 07/04/20 Pending -- -- --
05/18/2020 05/18/20 For Sale $799,000 +2.4% $211 / Sq Ft
05/16/2020 05/16/20 Off Market $780,000 -- --
11/18/2019 11/18/19 For Sale $799,000 -- $211 / 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 $6,700 $783,200 $217,800 $565,400
2023 $6,681 $805,816 $217,800 $588,016
2022 $6,600 $805,816 $217,800 $588,016
2021 $6,538 $805,816 $217,800 $588,016
2020 $4,494 $805,816 $217,800 $588,016
2019 $5,350 $794,000 $188,800 $605,200
2018 $5,370 $794,000 $188,800 $605,200
2017 $5,350 $794,000 $188,800 $605,200
2016 $5,019 $793,700 $188,800 $604,900
2014 $4,834 $793,700 $188,800 $604,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 107348

Outer Banks Association of REALTORS®

APN: 014564019