NOT LISTED FOR SALE

40454 Ocean Isle Loop Avon, NC 27915

Avon Neighborhood

Estimated Value: $984,000 - $1,357,000

7 Beds
7 Baths
3,652 Sq Ft
$303/Sq Ft Est. Value

Last Sold May 06, 2022

Last sale price $994,000 $272 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $6,621/month

Highlights

  • Ocean View
  • Home Theater
  • Second Refrigerator
  • Beach Access
  • Concrete Pool
  • Coastal Architecture

About This Home

As of May 2022

Wow! This is the one you have been waiting for! The Shark Tank is a 7 bedroom, 7 full bathroom, ocean side home in Avon Village. Situated in the premier Ocean Isle Estates subdivision, the walking beach access is only minutes down the street! Located in the X Flood Zone, no flood insurance required! A few of the amenities The Shark Tank offers are; Multiple level decking, custom concrete pool with tiki bar and hot tub, new outside deck furniture, beautiful ocean views, game room with pool table and foosball table, mid level family room/den for multiple level congregation areas, granite kitchen counters and stainless steel appliances, elevator, grand master and en suite, composite decking throughout, hardwood floors. This home is meticulously maintained! With the superior rental history, The Shark Tank is an ideal rental investment property with 11% ROI on advertised rents, but could also be a lovely second home getaway or primary residence! Recent upgrades include, Brand New Roof 2022, new cooktop 2022, new flooring, new slider doors. Contact me today for more information! Don't let this shark get away!

Last Agent to Sell the Property

Liz Midgett

Midgett Realty - Avon License #221798 Listed on: 03/31/2022

Last Buyer's Agent

Trisha Midgett

Midgett Realty - Rodanthe License #162204

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,850

Year Built

  • Built in 2005

Lot Details

  • 0.42 Acre Lot
  • Level Lot
  • Property is zoned C-2

Home Design

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

Interior Spaces

  • 3,652 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Home Theater
  • Loft
  • Game Room
  • Ocean Views

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • En-Suite Primary Bedroom
  • 7 Full Bathrooms
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Tuck Under Parking
  • Paved Parking
  • Off-Street Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Beach Access
  • Sun Deck
  • Covered Deck
  • Patio
  • Exterior Lighting
  • Tiki or Chickee Hut

Utilities

  • Central Air
  • Heat Pump System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Community Details

  • Ocean Isle Esta Subdivision

Listing and Financial Details

  • Tax Lot 15R

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,850

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Directions: NC Hwy 12, Turn left onto the 2nd Ocean Isle Loop. The Shark Tank is on the left.
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Elevator, Hot Tub, Jet Tub, Outside Lighting, Outside Shower, Patio, Sun Deck, Tiki Bar, Dry Entry, Inside Laundry Room
  • Flood Zone: Shaded X, X
  • Headline: Avon Premier Home!
  • Heated Sq Ft: 3652
  • L V T Date: 03/31/2022
  • Roads: Paved
  • Sale/Rent: For Sale
  • Waterfront Location: 4 - lots from oceanfront (5th row)
  • Zoning: C-2
  • Advertised Income 2020: 90386
  • Advertised Income 2021: 110307
  • Advertised Income 2022: 91408
  • Deed Book Pg Number: 0503
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C0569
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Countertop Range, Dishwasher, Dryer, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 7
  • Countertops: Granite
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 7
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Gas Fireplace, Ensuite, Pantry, Wet Bar, 1st Flr Ensuite
  • Optional Rooms: Game Room, Loft, Media Room

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Lap Siding, Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Concrete, Custom, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

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

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Electric, Heat Pump
  • Septic Fee: 670
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Condo/Co-op/Association

  • Home Owner Dwelling Insurance: 5600

Lot Info

  • Estimated Lot Sq Ft: 18500
  • Lot Description: Level
  • Lot Size: 18500 sq. ft.
  • Lot Number: Lot 15R
  • Estimated Lot Size: 0.42
  • Deed Book: 2472

Rental Info

  • Est Annual Rental Income: 110307
  • Estimated Rental Performance: 0.111
  • Lease Terms: Weekly
  • Poolspa Expense: 3600
  • Rental Co: Outer Beaches Realty
  • Rental Cottage Name: The Shark Tank
  • Rental Cottage Number: 796
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 800
  • Annual Electric: 6200
  • Annual Telephone Expense: 540
  • Annual Water Expense: 800
  • Rental Contact Email: ashley.house@vacasa.com
  • Rental Contact Name: Ashley House

Building Info

  • Year Built: 2005

Tax Info

  • Year: 2021
  • Taxes: 4850

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2019
Closed on
Jan 15, 2021
Sold by
Moore John Thomas and Moore Janet C
Bought by
Sandlot Llc
Seller's Agent
Cherie Beacham
Keller Williams - Outer Banks
Buyer's Agent
Suzie Scholten
Midgett Realty - Hatteras
List Price
$649,900
Sold Price
$580,000
Premium/Discount to List
-$69,900
-10.76%
Current Estimated Value
$1,133,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$553,211
Avg. Annual Appreciation
14.74%
Original Mortgage
$464,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 10, 2019
Closed on
Jan 1, 2021
Sold by
Moore John Thomas and Moore Janet C
Bought by
Sandlot Llc
Seller's Agent
Cherie Beacham
Keller Williams - Outer Banks
Buyer's Agent
Suzie Scholten
Midgett Realty - Hatteras
List Price
$649,900
Sold Price
$580,000
Premium/Discount to List
-$69,900
-10.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 10, 2019
Closed on
Nov 27, 2020
Sold by
Gf Partners Avon I Llc
Bought by
Moore John Thomas and Moore Janet C
Seller's Agent
Cherie Beacham
Keller Williams - Outer Banks
Buyer's Agent
Suzie Scholten
Midgett Realty - Hatteras
List Price
$649,900
Sold Price
$580,000
Premium/Discount to List
-$69,900
-10.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Sandlot Llc -- None Listed On Document
Sandlot Llc -- None Available
Moore John Thomas $580,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Moore John Thomas $464,000
Previous Owner Gf Parterns Avon I Llc $990,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2022 05/06/22 Sold $994,000 0.0% $272 / Sq Ft
03/31/2022 03/31/22 Pending -- -- --
03/31/2022 03/31/22 For Sale $994,000 +71.4% $272 / Sq Ft
12/02/2020 12/02/20 Sold $580,000 -10.8% $159 / Sq Ft
09/03/2020 09/03/20 Pending -- -- --
02/18/2020 02/18/20 Price Changed $649,900 +8.3% $178 / Sq Ft
10/18/2019 10/18/19 Price Changed $599,900 -7.7% $164 / Sq Ft
08/16/2019 08/16/19 For Sale $649,900 0.0% $178 / Sq Ft
07/19/2019 07/19/19 Pending -- -- --
07/10/2019 07/10/19 For Sale $649,900 -- $178 / 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 $4,986 $581,300 $125,800 $455,500
2023 $4,971 $599,520 $125,800 $473,720
2022 $4,911 $599,520 $125,800 $473,720
2021 $4,851 $599,520 $125,800 $473,720
2020 $3,344 $599,520 $125,800 $473,720
2019 $4,384 $648,800 $115,600 $533,200
2018 $4,402 $648,800 $115,600 $533,200
2017 $4,402 $648,800 $115,600 $533,200
2016 $4,114 $648,800 $115,600 $533,200
2014 $4,114 $648,800 $115,600 $533,200
Source: Public Records

Agents Affiliated with this Home

  • Liz Midgett

    Seller's Agent in 2022

    Liz Midgett

    Midgett Realty - Avon

    (252) 986-6329

    41 in this area

    119 Total Sales

    Section Image
  • Trisha Midgett

    Buyer's Agent in 2022

    Trisha Midgett

    Midgett Realty - Rodanthe

    (252) 996-0124

    257 in this area

    1,273 Total Sales

    Section Image

  • J

    Buyer Co-Listing Agent in 2022

    John Mills

    Midgett Realty - Rodanthe

    (252) 489-3215

    56 in this area

    223 Total Sales

    Section Image
  • Cherie Beacham

    Seller's Agent in 2020

    Cherie Beacham

    Keller Williams - Outer Banks

    (252) 202-6998

    5 in this area

    31 Total Sales

    Section Image
  • Suzie Scholten

    Buyer's Agent in 2020

    Suzie Scholten

    Midgett Realty - Hatteras

    (252) 216-9181

    23 in this area

    126 Total Sales

    Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 118236

Outer Banks Association of REALTORS®

APN: 014564015

North Carolina Dare County Avon Avon

40454 Ocean Isle Loop, Avon, NC

This home is located at 40454 Ocean Isle Loop, Avon, NC 27915 since 31 March 2022 and is currently estimated at $1,105,388, approximately $302 per square foot. This property was built in 2005. 40454 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.

Nearby Homes