NOT LISTED FOR SALE

41197 Fathom Ct Avon, NC 27915

Avon Neighborhood

Estimated Value: $912,000 - $935,000

7 Beds
6.5 Baths
3,609 Sq Ft
$256/Sq Ft Est. Value

Last Sold April 01, 2022

Last sale price $810,000 $224 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $5,308/month

5 Days on Market

Highlights

  • Community Beach Access
  • Lake Front
  • Home Theater
  • Ocean View
  • Private Dock
  • Concrete Pool

About This Home

As of April 2022

Serendipity is a 7 bedroom, 6.5 bathroom, Lakefront home in Kinnakeet Shores, Avon. Beautiful water views, private dock, private custom heated pool area overlooking the lakefront with tiki bar and hot tub. Elevator, gas fireplace, game room, home theater, private volleyball sand court, located a little further back from Hwy 12 with only a short and easy walk to the beach via the community boardwalk, are just a few of the amenities at Serendipity. Well loved and meticulously maintained! X FLOOD ZONE, Flood insurance is not required! Fantastic Rental Income, with $81,695 advertised rents in 2021 and $71145 advertised rents on the books for 2022 already! $84,355 Owner Rent projected for 2023! Serendipity is an excellent rental investment property, but would also be a wonderful 2nd home getaway or primary residence! Wow, this property is truly serene and splendid, what are you waiting for? Contact me today for details!

Last Agent to Sell the Property

Liz Midgett

Midgett Realty - Avon License #221798 Listed on: 02/15/2022

Last Buyer's Agent

Al Friedman

Sun Realty - KDH License #294685

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,177

Year Built

  • Built in 2002

Lot Details

  • 0.34 Acre Lot
  • Lake Front
  • Cul-De-Sac
  • Lot includes common area
  • Landscaped
  • Level Lot

HOA Fees

  • $46 Monthly HOA Fees

Property Views

  • Ocean
  • Lake

Home Design

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

Interior Spaces

  • 3,609 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Home Theater
  • Loft
  • Game Room

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • En-Suite Primary Bedroom
  • Cedar Closet
  • Walk-In Closet
  • 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

  • Sun Deck
  • Private Dock
  • Covered Deck
  • Patio
  • Exterior Lighting
  • Tiki or Chickee Hut
  • Storage Shed

Utilities

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

Listing and Financial Details

  • Tax Lot 808

Community Details

Overview

  • Association fees include grounds maintenance, management, pool, road maintenance, tennis courts, walkways
  • Pat Weston Association
  • Kinnakeet Shores Subdivision

Amenities

  • Common Area

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,177

Year Built

Built in 2002

Lot Details

0

HOA Fees

$46 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Directions: S Hwy 12, Left into Kinnakeet Shores, follow Starboard Drive, Right on Dory Lane, Right on Fathom Court, Serendipity is on the left side of the Cul De Sac.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Elevator, Hot Tub, Jet Tub, Landscaped, Outside Lighting, Outside Shower, Patio, Storage Shed, Sun Deck, Tiki Bar, Boat Dock, Dry Entry, Inside Laundry Room
  • Flood Zone: Shaded X
  • Headline: Elevator, Private Pool, Views!
  • Heated Sq Ft: 3609
  • L V T Date: 02/15/2022
  • Phase: 8
  • Roads: Paved
  • Sale/Rent: For Sale
  • Waterfront Location: Lakefront
  • Zoning: R-1
  • Advertised Income 2020: 65750
  • Advertised Income 2021: 81695
  • Advertised Income 2022: 71145
  • Deed Book Pg Number: 0359
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C0569
  • Outer Banks Software: Yes
  • Short Term Rental Restrictions: No
  • 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
  • Bedrooms: 7
  • Countertops: Laminate
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Ceramic Tile, Wood, Wood Laminate, Vinyl Tile
  • Foundation: Piling
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Cedar Closet(s), Gas Fireplace, Ensuite, Pantry, Walk in Closet, Wet Bar
  • Optional Rooms: Foyer, Game Room, Loft, Home Theater
  • Partial Bathrooms: 1

Exterior Features

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

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Grounds Maintenance, Management, Pool, Road Maintenance, Tennis Courts, Walkways
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Board Walk, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 550
  • Hoa Contact: Pat Weston
  • HOA Contact: www.kinnakeetshores.org
  • Home Owner Dwelling Insurance: 4478

Lot Info

  • Estimated Lot Sq Ft: 15000
  • Lot Description: Adj. To Common Area, Cul-de-sac, Level, Water Frontage
  • Lot Faces: S
  • Lot Size: 15000 sq ft
  • Lot Number: Lot 808
  • Estimated Lot Size: 0.34
  • Deed Book: 1921

Rental Info

  • Est Annual Rental Income: 84355
  • Estimated Rental Performance: 0.1041
  • Lease Terms: Variable, Weekly
  • Other Insurance Expenses: 294
  • Rental Co: Surf or Sound Realty
  • Rental Cottage Name: Serendipity
  • Rental Cottage Number: 956
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Actual
  • Rental Contact Email: kimberley@surforsound.com
  • Rental Contact Name: Kimberley H

Building Info

  • Year Built: 2002

Tax Info

  • Year: 2021
  • Taxes: 3177

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2022
Closed on
Mar 24, 2022
Sold by
Herr Robert L and Herr Sue Tamala
Bought by
Lotz Martin W and Lotz Sara L
Seller's Agent
Liz Midgett
Midgett Realty - Avon
Buyer's Agent
Al Friedman
Sun Realty - KDH
List Price
$769,000
Sold Price
$810,000
Premium/Discount to List
$41,000
5.33%
Current Estimated Value
$922,662

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,662
Avg. Annual Appreciation
3.86%
Original Mortgage
$648,000
Outstanding Balance
$610,761
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$311,901

Purchase Details

Listed on
May 5, 2012
Closed on
Feb 15, 2013
Sold by
Dunn Edward and Dunn Kimber
Bought by
Herr Robert L
Seller's Agent
Vicky Barris
Default, Office
Buyer's Agent
Steven Dwight
Default, Office
List Price
$659,000
Sold Price
$475,000
Premium/Discount to List
-$184,000
-27.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.02%
Original Mortgage
$332,500
Interest Rate
3.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2005
Sold by
Kronewitter Brian
Bought by
Dunn Edward and Dunn Kimber

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$742,443
Interest Rate
5.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2005
Sold by
Kronewitter Kelly A
Bought by
Kronewitter Brian W
Source: Public Records

Range of Values:

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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
Lotz Martin W $4,860,000 Wheless & Wheless Pllc
Herr Robert L $2,850,000 None Available
Dunn Edward $990,000 None Available
Kronewitter Brian W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lotz Martin W $648,000
Previous Owner Herr Robert L $332,500
Previous Owner Dunn Edward $742,443
Previous Owner Dunn Edward $98,900
Closed Lotz Martin W $81,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2022 04/01/22 Sold $810,000 +5.3% $224 / Sq Ft
02/20/2022 02/20/22 Pending -- -- --
02/15/2022 02/15/22 For Sale $769,000 +61.9% $213 / Sq Ft
02/15/2013 02/15/13 Sold $475,000 -27.9% $140 / Sq Ft
01/19/2013 01/19/13 Pending -- -- --
05/05/2012 05/05/12 For Sale $659,000 -- $194 / 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 $3,293 $503,600 $54,000 $449,600
2023 $3,281 $521,584 $54,000 $467,584
2022 $3,229 $521,584 $54,000 $467,584
2021 $3,177 $521,584 $54,000 $467,584
2020 $2,909 $521,584 $54,000 $467,584
2019 $3,608 $531,400 $43,400 $488,000
2018 $3,608 $531,400 $43,400 $488,000
2017 $3,608 $531,400 $43,400 $488,000
2016 $3,385 $531,400 $43,400 $488,000
2014 $3,385 $531,400 $43,400 $488,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 117648

Outer Banks Association of REALTORS®

APN: 014822808