NOT LISTED FOR SALE

406 N Bay Club Dr Unit 406 Manteo, NC 27954

Estimated Value: $535,318 - $588,000

3 Beds
2.5 Baths
1,380 Sq Ft
$409/Sq Ft Est. Value

Last Sold March 27, 2020

Last sale price $324,032 $235 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $3,848/month

140 Days on Market

Highlights

  • Views of a Sound
  • Home fronts a sound
  • Clubhouse
  • Health Club
  • Outdoor Pool
  • Coastal Architecture

About This Home

As of March 2020

Southern Sun radiates throughout this big three bedroom south facing top floor unit. Bright, airy, open-concept condo living appeals to year-round soundfront residents and vacationers alike. With over 1300 square feet of living area, the rooms are spacious and comfortable. The master bedroom features an ensuite with both a shower and jet tub as well as access to the front deck. The great room opens onto an south facing private deck that is partially covered. Great views of the marina and sound from the front deck and spectacular views of Shallowbag Bay from the back deck that has a screened in sitting area. Shallowbag Bay is a well-managed condo community with a very nice pool, deck and clubhouse. The building has a convenient elevator, individual ground floor storage unit and covered parking. Careful attention to updates and maintenance mean continual care by the property management team. This one is a MUST SEE.

Co-Listed By

Dru Ferrence

Basnight Realty License #174208

Last Buyer's Agent

George Banks

Carolina Dunes Real Estate License #45921

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,572

Year Built

  • Built in 2000

Lot Details

  • Home fronts a sound
  • Property fronts a private road
  • Level Lot

HOA Fees

  • $564 Monthly HOA Fees

Property Views

  • Views of a Sound
  • Harbor
  • Canal

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Property Attached
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 1,380 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Screened Porch
  • Stacked Washer and Dryer

Kitchen

  • Oven or Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Hydromassage or Jetted Bathtub

Parking

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

Outdoor Features

  • Outdoor Pool
  • Sun Deck
  • Covered Deck

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District for Water and Sewer

Community Details

Overview

  • Association fees include grounds maintenance, management, pool, road maintenance
  • Shallowbag Bay Subdivision

Amenities

  • Clubhouse

Recreation

  • Health Club
  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,572

Year Built

Built in 2000

Lot Details

0

HOA Fees

$564 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Coastal
  • Extras: Ceiling Fan(s), Covered Decks, Elevator, Jet Tub, Screened Porch, Sun Deck
  • Flood Zone: AE
  • Headline: TOP FLOOR UNIT, AMAZING VIEWS
  • Heated Sq Ft: 1380
  • L V T Date: 09/28/2019
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Unit Level Number: 3
  • Waterfront Location: Soundfront
  • Zoning: res
  • Deed Book Pg Number: 0498
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C26996
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Microwave, Range/Oven, Refrigerator, Stackable Washer/Dryer
  • Bedrooms: 3
  • Countertops: Laminate
  • Floor Coverings: Carpet, Tile
  • Foundation: Piling
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Washer Connection, Wet Bar
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Shakes, Wood
  • Pool: Yes
  • Pool: Association
  • Pool Type: Outdoor, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Canal, Harbor, Sound, Salt Marsh

Garage/Parking

  • Parking: Paved, Reserved, Off Street, Under

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Grounds Maintenance, Management, Pool, Road Maintenance
  • Condo Type: Attached
  • Association Amenities: Clubhouse, Health Club, Outdoor-Comm. Pool
  • Association Fee: Yes
  • Estimated Annual Fee: 6764
  • Home Owner Dwelling Insurance: 350

Lot Info

  • Lot Description: Bulkheaded, Level, Water Frontage
  • Deed Book: 2252

Rental Info

  • Est Annual Rental Income: 19310
  • Estimated Rental Performance: 0.0596
  • Other Expenses: 300
  • Yearly Expense Actual Estimate: Estimated
  • Annual Electric: 900

Building Info

  • Year Built: 2000

Tax Info

  • Year: 2019
  • Taxes: 1572.48

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2019
Closed on
Mar 12, 2020
Sold by
Davis Randy G and Davis Deborah W
Bought by
Banks George A and Banks Judy Y
Buyer's Agent
George Banks
Carolina Dunes Real Estate
List Price
$327,500
Sold Price
$324,032
Premium/Discount to List
-$3,468
-1.06%
Current Estimated Value
$566,137

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$242,105
Avg. Annual Appreciation
10.81%
Original Mortgage
$225,000
Outstanding Balance
$201,043
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$363,037

Purchase Details

Listed on
May 30, 2018
Closed on
Aug 3, 2018
Sold by
Leister Grant E and Leister Vicki Y
Bought by
Davis Randy G and Davis Deborah W
Seller's Agent
David Perrot
Coldwell Banker Seaside Realty - KDH
List Price
$332,500
Sold Price
$325,000
Premium/Discount to List
-$7,500
-2.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.18%
Original Mortgage
$260,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
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
Banks George A $324,500 None Available
Davis Randy G $325,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Banks George A $225,000
Previous Owner Davis Randy G $260,000
Previous Owner Leister Grant E $230,000
Previous Owner Leister Grant E $318,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2020 03/27/20 Sold $324,032 -1.1% $235 / Sq Ft
02/15/2020 02/15/20 Pending -- -- --
11/26/2019 11/26/19 For Sale $327,500 0.0% $237 / Sq Ft
11/07/2019 11/07/19 Pending -- -- --
09/28/2019 09/28/19 For Sale $327,500 +0.8% $237 / Sq Ft
08/06/2018 08/06/18 Sold $325,000 -2.3% $236 / Sq Ft
06/25/2018 06/25/18 Pending -- -- --
05/30/2018 05/30/18 For Sale $332,500 -- $241 / 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 $2,382 $319,300 $54,000 $265,300
2023 $2,382 $319,300 $54,000 $265,300
2022 $2,382 $319,300 $54,000 $265,300
2021 $2,382 $319,300 $54,000 $265,300
2020 $2,382 $319,300 $54,000 $265,300
2019 $2,359 $280,800 $85,000 $195,800
2018 $0 $280,800 $85,000 $195,800
2017 $2,359 $280,800 $85,000 $195,800
2016 $2,246 $280,800 $85,000 $195,800
2014 $2,218 $280,800 $85,000 $195,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 106712

Outer Banks Association of REALTORS®

APN: 030835024