NOT LISTED FOR SALE

41771 Ocean View Dr Avon, NC 27915

Avon Neighborhood

Estimated Value: $993,000 - $1,282,000

5 Beds
3.5 Baths
3,199 Sq Ft
$363/Sq Ft Est. Value

Last Sold October 09, 2020

Last sale price $725,000 $227 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $6,921/month

76 Days on Market

Highlights

  • Ocean Front
  • Cathedral Ceiling
  • Sun or Florida Room
  • Spa
  • Hydromassage or Jetted Bathtub
  • Furnished

About This Home

As of October 2020

Spectacular ocean views and Outer Banks charm in this updated and well-maintained oceanfront home. The perfect combination of a turn-key spectacular home with rental income ability. One of the things that makes this home so unique is the two-story wall of windows that provides breathtaking ocean views. The tall, beamed cathedral ceilings give it character, openness and natural light. The lofted master bedroom is your own private beach sanctuary with amazing ocean AND sound views. It has a private bath with jetted tub and double sinks. There are also two private decks, one that faces the ocean and one that faces the sound. The main level living space opens into the kitchen and dining spaces. The large kitchen features granite countertops, an island, newer appliances and plenty of cabinetry for storage. There is also an all-seasons room that has ocean and sound views. The remaining four bedrooms and two full bathrooms are on the first level. Three of the four bedrooms have sliders that open to the oceanfront deck. Since 2017, the owners have installed new decking and railings, new siding, new roof, all new windows on the entire back of the house and two new windows on the front by the stair landing. Two new heat pumps, new carpet up stairs, new vinyl laminate in loft bedroom. Ceilings have been redone, new LED security lights. No need to maintain a private pool when you can use the community pool at Kinnakeet. This is a truly unique and updated home, ready for a new owner. Conveniently located within walking distance to the grocery store, restaurants, shops and the Avon Pier. Over $69,000 in rental income for 2020 so far! Rental projection of over $77,000! All the hard work has been done for you, all you need to do is sit back, relax and watch the ocean ... and enjoy the rental income.

Last Agent to Sell the Property

Jeanne-Marie DeStefano

Keller Williams - Outer Banks License #282161 Listed on: 05/12/2020

Keller Williams - Outer Banks

Last Buyer's Agent

* **Not a Member

**Not a Member License #NA

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,067

Year Built

  • Built in 1988

Lot Details

  • 0.31 Acre Lot
  • Ocean Front

HOA Fees

  • $15 Monthly HOA Fees

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

  • Asphalt Shingled Roof
  • Cement Board or Planked

Interior Spaces

  • 3,199 Sq Ft Home
  • Furnished
  • Beamed Ceilings
  • Cathedral Ceiling
  • Window Treatments
  • Sun or Florida Room

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Spa
  • Outdoor Pool
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • 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 24

Community Details

Overview

  • Kinnakeet Shores Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,067

Year Built

Built in 1988

Lot Details

0

HOA Fees

$15 per month

Listing Details

  • Class: RESIDENTIAL
  • Extras: Hot Tub, Jet Tub, Outside Shower, Storage Shed, Sun Deck, Inside Laundry Room
  • Flood Zone: AE
  • Subdivision Name: Kinnakeet Shores Phase 2
  • Headline: 77k projected, gorgeous!
  • Heated Sq Ft: 3199
  • L V T Date: 05/12/2020
  • Roads: Public
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: res
  • Advertised Income 2020: 69550
  • Deed Book Pg Number: 0589
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C30917
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 5
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: Beamed Ceiling(s), Cathedral Ceiling(s), Ensuite, Some Windows Treated
  • Optional Rooms: Sun/Florida Room
  • Partial Bathrooms: 1

Exterior Features

  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Association
  • Pool Type: Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean, Sound

Utilities

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

Condo/Co-op/Association

  • Association Fee: Yes
  • Estimated Annual Fee: 175

Lot Info

  • Estimated Lot Sq Ft: 13500
  • Lot Number: Lot 24
  • Estimated Lot Size: 0.31
  • Deed Book: 2169

Rental Info

  • Est Annual Rental Income: 77340
  • Estimated Rental Performance: 0.1067
  • Flood Expenses: 785
  • Other Insurance Expenses: 1258
  • Poolspa Expense: 1500
  • Rental Co: Sun Realty
  • Rental Cottage Name: Chateau Sur Mer
  • Rental Cottage Number: KIN 224
  • Rental Turnover Day: Saturday
  • Annual Cable TV Expense: 2280
  • Annual Electric: 3178
  • Annual Water Expense: 500
  • Rental Contact Email: tinaoneal@sunrealtync.com
  • Rental Contact Name: Tina Oneal

Building Info

  • Year Built: 1988

Tax Info

  • Year: 2019
  • Taxes: 4067

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2020
Closed on
Oct 1, 2020
Sold by
Farruggio James F and Farruggio Diane L
Bought by
Alam Shah K
Seller's Agent
Jeanne-Marie DeStefano
Keller Williams - Outer Banks
Buyer's Agent
* **Not a Member
**Not a Member
List Price
$749,000
Sold Price
$725,000
Premium/Discount to List
-$24,000
-3.2%
Current Estimated Value
$1,170,560

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$445,560
Avg. Annual Appreciation
10.23%
Original Mortgage
$70,000
Outstanding Balance
$7,449
Interest Rate
2.8%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,154,153

Purchase Details

Closed on
Feb 11, 2014
Sold by
Us Bank Na
Bought by
Flannery Rees C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2013
Sold by
Luchs Richard W and Luchs Laurel V
Bought by
Us Bank Na

Purchase Details

Closed on
Apr 1, 2005
Sold by
Luchs Barbara B
Bought by
Luchs Richard W and Luchs Laurel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
5.6%
Mortgage Type
New Conventional
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
Alam Shah K $725,000 None Available
Flannery Rees C $395,000 None Available
Us Bank Na $562,825 None Available
Luchs Richard W $100,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alam Shah K $70,000
Open Alam Shah K $510,000
Previous Owner Flannery Rees C $200,000
Previous Owner Luchs Richard W $410,000
Previous Owner Luchs Richard W $620,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/09/2020 10/09/20 Sold $725,000 -3.2% $227 / Sq Ft
07/27/2020 07/27/20 Pending -- -- --
05/12/2020 05/12/20 For Sale $749,000 -- $234 / 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 $5,964 $704,400 $331,400 $373,000
2023 $5,964 $719,320 $331,400 $387,920
2022 $5,892 $719,320 $331,400 $387,920
2021 $5,820 $719,320 $331,400 $387,920
2020 $4,012 $719,320 $331,400 $387,920
2019 $4,068 $611,400 $305,600 $305,800
2018 $4,068 $611,400 $305,600 $305,800
2017 $4,068 $611,400 $305,600 $305,800
2016 $3,645 $584,500 $305,600 $278,900
2014 $3,654 $584,500 $305,600 $278,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 109208

Outer Banks Association of REALTORS®

APN: 029593024