NOT LISTED FOR SALE

40485 Ocean Isle Loop Avon, NC 27915

Avon Neighborhood

Estimated Value: $1,338,417 - $1,633,000

7 Beds
9 Baths
5,002 Sq Ft
$289/Sq Ft Est. Value

Last Sold April 13, 2020

Last sale price $840,000 $168 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $8,669/month

12 Days on Market

Highlights

  • Ocean View
  • Heated In Ground Pool
  • Coastal Architecture
  • Beach Access
  • Second Refrigerator
  • Cathedral Ceiling

About This Home

As of April 2020

Whether you are looking for the perfect investment property or vacation home, "Jamman Again" could be exactly what you are looking for! Located in the exclusive Ocean Isle Estate Subdivision, this beautiful decorated and maintained 7-bedroom, 7-full bath and 2-half bath stunner will win your heart. Enjoy fun in the sand as the home is just a short walk to the beach or have fun in the sun right at home while enjoying your private heated pool, 12 person in-ground hot tub, outside bathroom, two outside showers, cabana bar, gas grill, 2 park grills and commercial ice-maker. Inside, the fun continues in the large game room with pool table, card table room and wet bar equipped with a dishwasher and a full refrigerator! Enjoy the convenience of an indoor laundry room with two full-sized stacked washer/dryer combos and built in ironing board. Enjoy sound and ocean views from every window on the top floor where you'll find a spacious living area complete with gas fireplace and luxurious furnishings; an incredible kitchen with wet bar, 2 dishwashers, gas and electric range ovens and plentiful dining spaces. But wait...it gets even better...take the exterior stairs from the upstairs decks to the furnished tower room with phenomenal views of the ocean and all of Avon village. To take the worries of maintenance off your mind, this home boasts a new roof and new hot water heaters and will soon have new granite countertops in the pool cabana. You need to see this home to appreciate the loving care that has been dedicated to keeping this property in pristine condition. No wonder this property is such a rental superstar with ROI of more than 14%!! Don't miss your chance to own this extraordinary home. Come and visit today!!

Last Agent to Sell the Property

Trisha Midgett

Midgett Realty - Rodanthe License #162204 Listed on: 02/28/2020

Co-Listed By

Ashley King

Coldwell Banker Seaside Realty KH License #281481

Last Buyer's Agent

Matt Myatt

Keller Williams - Outer Banks License #218707

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,223

Year Built

  • Built in 2004

Lot Details

  • 0.41 Acre Lot
  • Property fronts a private road
  • Fenced Yard
  • Landscaped
  • Corner Lot
  • Level Lot

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Piling Construction

Interior Spaces

  • 5,002 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Game Room

Kitchen

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

Flooring

  • Carpet
  • Cork
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • Paved Parking
  • Off-Street Parking

Pool

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

Outdoor Features

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

Utilities

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

Community Details

  • Ocean Isle Esta Subdivision

Listing and Financial Details

  • Tax Lot 14

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,223

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Elevator, Fenced Yard, Hot Tub, Jet Tub, Landscaped, Outside Lighting, Outside Shower, Security System, Smoke Detector(s), Sun Deck, Tiki Bar, Inside Laundry Room
  • Flood Zone: AE
  • Subdivision Name: Ocean Isle Estates
  • Heated Sq Ft: 5002
  • L V T Date: 02/28/2020
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Zoning: RES
  • Advertised Income 2020: 122966
  • Deed Book Pg Number: 0004
  • 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, Ice Machine, Microwave, Range/Oven, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator, Stackable Washer/Dryer, Wine Cooler
  • Bedrooms: 7
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Cork
  • Foundation: Piling
  • Full Bathrooms: 7
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Walk in Closet, Wet Bar
  • Optional Rooms: Foyer, Game Room, Pantry, Shipswatch
  • Partial Bathrooms: 2

Exterior Features

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

Garage/Parking

  • Parking: Paved, Off Street

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Electric, Heat Pump
  • Fuel Tanks: Leased
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Lot Info

  • Estimated Lot Sq Ft: 18000
  • Lot Description: Corner, Level
  • Lot Number: Lot 14
  • Estimated Lot Size: 0.41
  • Deed Book: 2273

Rental Info

  • Est Annual Rental Income: 122966
  • Estimated Rental Performance: 0.1464
  • Lease Terms: Weekly
  • Rental Co: Vacasa - Hatteras
  • Rental Cottage Name: Jamman Again
  • Rental Cottage Number: 14-OI
  • Rental Turnover Day: Saturday
  • Rental Contact Email: brianna.james@vacasa.com
  • Rental Contact Name: Brianna James

Building Info

  • Year Built: 2004

Tax Info

  • Year: 2019
  • Taxes: 5222.99

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2020
Closed on
Apr 7, 2020
Sold by
Tke Junior Llc
Bought by
Hudson Benjamin I and Hudson Barbara A
Seller's Agent
Trisha Midgett
Midgett Realty - Rodanthe
Buyer's Agent
Matt Myatt
Keller Williams - Outer Banks
List Price
$869,000
Sold Price
$840,000
Premium/Discount to List
-$29,000
-3.34%
Total Days on Market
12
Current Estimated Value
$1,446,104

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$606,104
Avg. Annual Appreciation
11.10%

Purchase Details

Listed on
Mar 12, 2018
Closed on
Nov 21, 2018
Sold by
Mortellaro Jeffrey A and Mortellaro Mary G
Bought by
Tke Junior Llc
Seller's Agent
Trisha Midgett
Midgett Realty - Rodanthe
Buyer's Agent
Trisha Midgett
Midgett Realty - Rodanthe
List Price
$849,000
Sold Price
$799,000
Premium/Discount to List
-$50,000
-5.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.75%
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
Hudson Benjamin I $840,000 None Available
Tke Junior Llc $3,995,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mortellard Jeffrey A $975,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2020 04/13/20 Sold $840,000 -3.3% $168 / Sq Ft
03/11/2020 03/11/20 Pending -- -- --
02/28/2020 02/28/20 For Sale $869,000 +8.8% $174 / Sq Ft
12/05/2018 12/05/18 Sold $799,000 0.0% $167 / Sq Ft
10/16/2018 10/16/18 Pending -- -- --
10/02/2018 10/02/18 Price Changed $799,000 -3.2% $167 / Sq Ft
09/04/2018 09/04/18 Price Changed $825,000 -2.8% $173 / Sq Ft
03/12/2018 03/12/18 For Sale $849,000 -- $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 $6,982 $842,100 $124,900 $717,200
2023 $6,982 $842,100 $124,900 $717,200
2022 $6,898 $842,100 $124,900 $717,200
2021 $7,069 $870,788 $124,900 $745,888
2020 $4,856 $870,788 $124,900 $745,888
2019 $5,223 $771,800 $114,800 $657,000
2018 $5,223 $771,800 $114,800 $657,000
2017 $5,223 $771,800 $114,800 $657,000
2016 $4,901 $771,800 $114,800 $657,000
2014 $4,901 $771,800 $114,800 $657,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 108506

Outer Banks Association of REALTORS®

APN: 014564014