NOT LISTED FOR SALE

406 W Ocean Acres Dr Kill Devil Hills, NC 27948

Estimated Value: $455,070 - $567,000

3 Beds
1 Bath
1,240 Sq Ft
$398/Sq Ft Est. Value

Last Sold March 11, 2016

Last sale price $140,000 $113 Per Sq Ft

Est. 253% increase in value since last sale

Current estimated payment $2,845/month

231 Days on Market

Highlights

  • Beach Box Architecture
  • Level Lot
  • Wood Siding
  • Forced Air Heating and Cooling System

About This Home

As of March 2016

Traditional beach box with lots of potential. Great starter home, or second home!

Last Agent to Sell the Property

Caroline Basnight

Basnight Realty License #222115 Listed on: 06/11/2015

Last Buyer's Agent

Jonathan Waddill

Surf or Sound Realty - Rodanthe License #237283

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,098

Year Built

  • Built in 1976

Lot Details

  • 7,000 Sq Ft Lot
  • Level Lot

Home Design

  • 1,240 Sq Ft Home
  • Beach Box Architecture
  • Asphalt Shingled Roof
  • Wood Siding

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • Ocean Acres Tract 3 Subdivision

Listing and Financial Details

  • Legal Lot and Block 8 / H

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,098

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Beach Box
  • Subdivision Name: Ocean Acres Tract 3
  • Heated Sq Ft: 1240
  • Primary Residence: Yes
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 2
  • Tract: 3
  • Zoning: res
  • Deed Book Pg Number: 0140
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Full Bathrooms: 1

Exterior Features

  • Construction: Wood
  • Exterior: Wood
  • Roof: Asphalt/Fiber Shingle

Utilities

  • Cooling: Central
  • Heating: Electric, Forced Air

Lot Info

  • Estimated Lot Sq Ft: 7000
  • Lot Description: Level
  • Lot Number: Lot 8
  • Deed Book: 1955

Rental Info

  • Est Annual Rental Income: 12000
  • Estimated Rental Performance: 0.0857

Building Info

  • Year Built: 1976

Tax Info

  • Year: 2014
  • Taxes: 1097.95

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 30, 2024
Sold by
Tate Tracey S and Tate John
Bought by
Macdonald Emilie
Current Estimated Value
$493,518

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Outstanding Balance
$321,192
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$154,448

Purchase Details

Listed on
Jun 11, 2015
Closed on
Mar 28, 2016
Sold by
Wood Maribeth A
Bought by
Tate Tracey and Tate John
Seller's Agent
Caroline Basnight
Basnight Realty
Buyer's Agent
Jonathan Waddill
Surf or Sound Realty - Rodanthe
List Price
$170,000
Sold Price
$140,000
Premium/Discount to List
-$30,000
-17.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.82%
Original Mortgage
$126,000
Interest Rate
3.71%

Purchase Details

Closed on
Mar 2, 2009
Sold by
Gill Sarah B
Bought by
Wood James P and Wood Maribeth A

Purchase Details

Closed on
Jun 6, 2005
Sold by
Kerley Herbert Richard and Kerley Donna Jean
Bought by
Gill Sarah Burwell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,640
Interest Rate
7.37%
Mortgage Type
Assumption
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Macdonald Emilie $475,000 None Listed On Document
Tate Tracey -- --
Wood James P $240,000 None Available
Gill Sarah Burwell $231,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Macdonald Emilie $325,000
Previous Owner Tate Tracey S $200,000
Previous Owner Tate Tracey S $198,000
Previous Owner Tate Tracey $126,000
Previous Owner Tate Tracey --
Previous Owner Tate Tracey S $126,000
Previous Owner Gill Sarah Burwell $184,640
Previous Owner Gill Sarah Borwell $46,160
Previous Owner Kerley Herbert R $32,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2016 03/11/16 Sold $140,000 -17.6% $113 / Sq Ft
01/28/2016 01/28/16 Pending -- -- --
06/11/2015 06/11/15 For Sale $170,000 -- $137 / 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 $1,869 $247,400 $87,500 $159,900
2023 $1,869 $247,400 $87,500 $159,900
2022 $1,783 $247,400 $87,500 $159,900
2021 $1,783 $247,400 $87,500 $159,900
2020 $1,761 $244,400 $87,500 $156,900
2019 $1,233 $141,700 $60,600 $81,100
2018 $1,199 $140,900 $60,600 $80,300
2017 $1,042 $122,500 $60,600 $61,900
2016 $1,140 $140,600 $60,600 $80,000
2014 $1,098 $140,600 $60,600 $80,000
Source: Public Records

Agents Affiliated with this Home

  • Caroline Basnight

    Seller's Agent in 2016

    Caroline Basnight

    Basnight Realty

    (252) 216-6703

    21 in this area

    190 Total Sales

    Caroline Basnight
    Section Image
  • Jonathan Waddill

    Buyer's Agent in 2016

    Jonathan Waddill

    Surf or Sound Realty - Rodanthe

    (252) 564-4319

    5 in this area

    86 Total Sales

    Jonathan Waddill
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 88456

Outer Banks Association of REALTORS®

APN: 004992000

North Carolina Dare County Kill Devil Hills 27948

406 W Ocean Acres Dr, Kill Devil Hills, NC

This home is located at 406 W Ocean Acres Dr, Kill Devil Hills, NC 27948 since 11 June 2015 and is currently estimated at $493,518, approximately $397 per square foot. This property was built in 1976. 406 W Ocean Acres Dr is a home located in Dare County with nearby schools including Nags Head Elementary School, Manteo Middle School, and Manteo High 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.

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