NOT LISTED FOR SALE

41686 Ocean Ln Avon, NC 27915

Estimated Value: $826,000 - $1,006,000

5 Beds
4.5 Baths
3,200 Sq Ft
$294/Sq Ft Est. Value

Last Sold March 13, 2018

Last sale price $538,000 $168 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $5,413/month

323 Days on Market

Highlights

  • Community Beach Access
  • Spa
  • Cathedral Ceiling
  • Ocean Front
  • Coastal Architecture
  • Wood Flooring

About This Home

As of March 2018

Quality of construction really shines at Pleasure Palace. The home was constructed with intentions of full time occupancy after a few years as a vacation rental home. The upper level boasts vaulted ceilings with an extra large living area, dining and kitchen, plus a master suite so that the owners can enjoy one level living when not entertaining guests. The lower level has a game room with pool table, mini-fridge and microwave as well as four more bedrooms and three baths. Multiple decks, a screened porch, and ground level storage, outdoor showers, fish cleaning table, and dry entry in the concrete carport area complete this special home. Consider adding a swimming pool to boost the already solid rental income averaging in the mid to high $40,000's annually. The county health department records confirm the septic capacity is for 5 bedrooms and 12 people and the proposed construction survey shows space for a swimming pool, though the potential to add a pool needs to be confirmed.

Last Agent to Sell the Property

Carla Reynolds

NC 12 Realty License #241562 Listed on: 03/14/2017

Co-Listed By

Trafton Reynolds

NC 12 Realty License #265864

Last Buyer's Agent

Trisha Midgett

Midgett Realty - Rodanthe License #162204

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,298

Year Built

  • Built in 2000

Lot Details

  • 0.39 Acre Lot
  • Ocean Front
  • Level Lot

HOA Fees

  • $15 Monthly HOA Fees

Property Views

  • Ocean
  • Pond

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 3,200 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • Living Room
  • Dining Room
  • Game Room
  • Screened Porch
  • Utility Room

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Second Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • Tuck Under Parking
  • Paved Parking

Pool

  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting
  • Storage Shed

Utilities

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

Listing and Financial Details

  • Tax Lot 40

Community Details

Overview

  • Association fees include walkways
  • Ron Tasso Association
  • Kinnakeet Shores Subdivision

Recreation

  • Community Boardwalk
  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,298

Year Built

Built in 2000

Lot Details

0

HOA Fees

$15 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Hot Tub, Jet Tub, Outside Lighting, Outside Shower, Screened Porch, Security System, Smoke Detector(s), Storage Shed, Sun Deck, Dry Entry
  • Flood Zone: AE
  • Headline: Room to add a Pool
  • Heated Sq Ft: 3200
  • L V T Date: 03/14/2017
  • Phase: Phase 2
  • Roads: Paved
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: Res
  • Deed Book Pg Number: 0168
  • Office License Number: C24757
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher
  • Bedrooms: 5
  • Bedroom 1: On Level: 2
  • Bedroom 2: On Level: 1
  • Bedroom 3: On Level: 1
  • Bedroom 4: On Level: 1
  • Bedroom 5: On Level: 1
  • Kitchen: On Level: 2
  • Countertops: Granite
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Ensuite, Some Windows Treated, Washer Connection
  • Dining Room: On Level: 2
  • Game Room: On Level: 1
  • Living Room: On Level: 2
  • Optional Rooms: Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Covered Deck Size: w/Hot Tub
  • Exterior: Shakes, Wood
  • Roof: Asphalt/Fiber Shingle
  • Screen Porch Size: Nice
  • Sun Deck Size: Multiple
  • View: Ocean, Pond

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Under

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Walkways
  • Association Amenities: Ocean Access, Board Walk
  • Association Fee: Yes
  • Estimated Annual Fee: 175
  • Hoa Contact: Ron Tasso
  • HOA Contact: president@kspoa
  • Home Owner Dwelling Insurance: 3713

Lot Info

  • Estimated Lot Sq Ft: 17142
  • Lot Description: Level
  • Lot Number: Lot 40
  • Deed Book: 0447

Rental Info

  • Est Annual Rental Income: 48685
  • Estimated Rental Performance: 0.0905
  • Flood Expenses: 865
  • Lease Terms: Weekly
  • Other Expenses: 114
  • Other Expenses2: 455
  • Other Expenses3: 540
  • Other Insurance Expenses: 542
  • Poolspa Expense: 1540
  • Rental Co: Surf or Sound Realty
  • Rental Cottage Name: Pleasure Palace
  • Rental Cottage Number: 95
  • Rental Phone Number: 252-995-5801
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 1272
  • Annual Electric: 2948
  • Annual Telephone Expense: 864
  • Annual Water Expense: 612

Building Info

  • Year Built: 2000

Tax Info

  • Year: 2016
  • Taxes: 3297.64

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2017
Closed on
Mar 5, 2018
Sold by
Markey Timothy J and Markey Jean T
Bought by
Crane David R and Crene Gail
Seller's Agent
Carla Reynolds
NC 12 Realty
Buyer's Agent
Trisha Midgett
Midgett Realty - Rodanthe
List Price
$598,000
Sold Price
$538,000
Premium/Discount to List
-$60,000
-10.03%
Current Estimated Value
$960,076

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$422,076
Avg. Annual Appreciation
7.28%
Original Mortgage
$388,000
Outstanding Balance
$331,760
Interest Rate
4.38%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$607,982
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Crane David R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crane David R $388,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2018 03/13/18 Sold $538,000 -3.4% $168 / Sq Ft
01/31/2018 01/31/18 Pending -- -- --
12/26/2017 12/26/17 Price Changed $557,000 -1.4% $174 / Sq Ft
11/28/2017 11/28/17 Price Changed $565,000 -0.4% $177 / Sq Ft
11/14/2017 11/14/17 Price Changed $567,000 -0.4% $177 / Sq Ft
10/31/2017 10/31/17 Price Changed $569,000 -0.4% $178 / Sq Ft
10/18/2017 10/18/17 Price Changed $571,000 -0.3% $178 / Sq Ft
08/31/2017 08/31/17 Price Changed $573,000 -4.2% $179 / Sq Ft
03/14/2017 03/14/17 For Sale $598,000 -- $187 / Sq Ft
Source: Outer Banks Association of REALTORS®

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
2025 $4,961 $845,200 $215,300 $629,900
2024 $4,631 $544,000 $178,800 $365,200
2023 $4,631 $558,608 $178,800 $379,808
2022 $4,576 $558,608 $178,800 $379,808
2021 $4,520 $558,608 $178,800 $379,808
2020 $3,115 $558,608 $178,800 $379,808
2019 $3,514 $525,100 $199,200 $325,900
2018 $3,514 $525,100 $199,200 $325,900
2017 $3,514 $525,100 $199,200 $325,900
2016 $3,298 $525,100 $199,200 $325,900
2014 $3,298 $525,100 $199,200 $325,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 95596

Outer Banks Association of REALTORS®

APN: 029596040

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