NOT LISTED FOR SALE

40471 Ocean Isle Loop Avon, NC 27915

Avon Neighborhood

Estimated Value: $1,289,000 - $1,440,000

7 Beds
7.5 Baths
3,962 Sq Ft
$346/Sq Ft Est. Value

Last Sold December 04, 2023

Last sale price $1,300,000 $328 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $8,219/month

64 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • Coastal Architecture
  • Beach Access
  • Second Refrigerator
  • Wood Flooring

About This Home

As of December 2023

Welcome to the best of coastal luxury living! This custom-built oceanside retreat nestled in the prestigious Ocean Isle Estates community of Avon exudes elegance and features 7 bedrooms, 7 full baths, and 2 half baths. Every bedroom is an en- suite, 5 of them leading out to expansive decks with stunning vistas. Embrace the ease of living with an elevator that grants access to all floors. Step into the first level, where you will discover a game room with a pool table. The wet bar kitchenette boasts a full-size refrigerator with an ice maker and a microwave and leads out to the covered deck with pool access. This level also accommodates 2 en- suite bedrooms and deck access. Additionally, you'll find a half bath and a laundry room equipped with dual washers and dryers. The middle level welcomes you to three king and one queen en-suite bedrooms and a cozy den, all leading out to covered decks. Ascend to the third level, where an airy and cheerful kitchen with breakfast bar seating, a dining room, half bath, and a spacious living area await. Cooking for a crowd is a breeze with granite countertops and state-of-the-art appliances including dual ranges, dual dishwashers, and a prep sink. The luxurious king en-suite bedroom on this level features a custom-tiled private bathroom with dual vanity sinks, a separate shower stall, and a Jacuzzi. The wrap-around deck showcases mesmerizing views and a loft area provides a serene retreat. Step outside to discover the private in-ground pool with a waterfall, tiki bar, hot tub and fire pit.....a true oasis for relaxation. The home is located within easy access to the private community beach boardwalk for a stroll along the shore. Nearby, you'll find a 4-wheel-drive beach ramp and family-friendly sound accesses for kayaking, kiteboarding, and other water sports. Restaurants, shops, and a grocery store are also just moments away. The Tommy Bahama House presents an exceptional investment opportunity with a remarkable rental history, boasting an impressive $150,000 in rental income. Experience the best of both worlds as you enjoy this luxurious haven while capitalizing on its outstanding rental potential. Seize this rare opportunity!

Last Agent to Sell the Property

Trisha Midgett

Midgett Realty - Rodanthe License #162204 Listed on: 08/08/2023

Last Buyer's Agent

Four Seasons Realty

Four Seasons Realty License #177785

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,740

Year Built

  • Built in 2002

Lot Details

  • 0.34 Acre Lot
  • Property fronts a private road
  • Fenced Yard
  • Level Lot
  • Property is zoned C-2

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Frame Construction
  • Asphalt Shingled Roof
  • Shake Siding
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 3,962 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Loft
  • Game Room
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Wine Cooler
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

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

Outdoor Features

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

Utilities

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

Community Details

  • Ocean Isle Esta Subdivision

Listing and Financial Details

  • Tax Lot 13

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,740

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Coastal
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Elevator, Fenced Yard, Hot Tub, Outside Lighting, Outside Shower, Sun Deck, Tiki Bar, Dry Entry, Inside Laundry Room
  • Flood Zone: Shaded X
  • Headline: Coastal Luxury!
  • Heated Sq Ft: 3962
  • L V T Date: 08/08/2023
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: More than 5th row
  • Zoning: C-2
  • Advertised Income 2022: 156918
  • Deed Book Pg Number: 0948
  • 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: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator, Wine Cooler
  • Bedrooms: 7
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Wood
  • Foundation: Piling
  • Full Bathrooms: 7
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Ensuite, Wet Bar, 1st Flr Ensuite
  • Optional Rooms: Game Room, Loft
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Shakes, Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Forced Air, Heat Pump
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Lot Info

  • Estimated Lot Sq Ft: 15000
  • Lot Description: Level
  • Lot Number: Lot 13
  • Estimated Lot Size: 0.34
  • Deed Book: 2378

Rental Info

  • Est Annual Rental Income: 156918
  • Estimated Rental Performance: 0.1207
  • Lease Terms: Weekly
  • Rental Co: Midgett Realty
  • Rental Cottage Name: Tommy Bahama House
  • Rental Cottage Number: A0I13
  • Rental Turnover Day: Saturday
  • Rental Contact Email: kareng@midgettrealty.com
  • Rental Contact Name: Karen Greenwood
  • Rental Contact Phone: 252-986-6131

Building Info

  • Year Built: 2002

Tax Info

  • Year: 2023
  • Taxes: 6740.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2023
Closed on
Nov 22, 2023
Sold by
Glozer Michael J
Bought by
Ross Sean P and Ross Ann M
Seller's Agent
Trisha Midgett
Midgett Realty - Rodanthe
Buyer's Agent
Four Seasons Realty
Four Seasons Realty
List Price
$1,400,000
Sold Price
$1,300,000
Premium/Discount to List
-$100,000
-7.14%
Total Days on Market
64
Views
241
Current Estimated Value
$1,369,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,332
Avg. Annual Appreciation
3.50%
Original Mortgage
$722,000
Outstanding Balance
$712,659
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$656,673

Purchase Details

Closed on
May 4, 2020
Sold by
Glozer Ashley A
Bought by
Glozer Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 12, 2015
Closed on
Apr 27, 2015
Sold by
Smith Donald C and Smith Sue W
Bought by
Glozer Michael J and Glozer Ashley A
Seller's Agent
Mark Massey
Outer Banks Realty Group
Buyer's Agent
Hugh Willey
Sun Realty - KDH
List Price
$849,000
Sold Price
$807,500
Premium/Discount to List
-$41,500
-4.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.36%
Original Mortgage
$646,000
Interest Rate
3.79%
Mortgage Type
New Conventional
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
Ross Sean P $1,300,000 None Listed On Document
Glozer Michael J -- None Available
Glozer Michael J -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ross Sean P $722,000
Previous Owner Glozer Michael J $595,000
Previous Owner Glozer Michael J $646,000
Previous Owner Smith Donald Craig $980,000
Previous Owner Smith Donald Craig $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2023 12/04/23 Sold $1,300,000 -7.1% $328 / Sq Ft
10/11/2023 10/11/23 Pending -- -- --
08/08/2023 08/08/23 For Sale $1,400,000 +73.4% $353 / Sq Ft
04/27/2015 04/27/15 Sold $807,500 -4.9% $204 / Sq Ft
03/15/2015 03/15/15 Pending -- -- --
02/12/2015 02/12/15 For Sale $849,000 -- $214 / 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 $6,740 $789,100 $193,100 $596,000
2023 $6,740 $812,940 $193,100 $619,840
2022 $6,659 $812,940 $193,100 $619,840
2021 $6,597 $812,940 $193,100 $619,840
2020 $4,534 $812,940 $193,100 $619,840
2019 $4,753 $704,400 $148,900 $555,500
2018 $4,771 $704,400 $148,900 $555,500
2017 $4,753 $704,400 $148,900 $555,500
2016 $4,460 $704,400 $148,900 $555,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 123064

Outer Banks Association of REALTORS®

APN: 014564013