NOT LISTED FOR SALE

42022 Ocean Ln Avon, NC 27915

Avon Neighborhood

Estimated Value: $599,000 - $685,000

4 Beds
2.5 Baths
1,568 Sq Ft
$413/Sq Ft Est. Value

Last Sold January 05, 2015

Last sale price $297,500 $190 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $3,789/month

907 Days on Market

Highlights

  • Community Beach Access
  • Spa
  • Sun or Florida Room
  • Ocean Front
  • Cathedral Ceiling
  • Furnished

About This Home

As of January 2015

The Grand Banks is growing old very gracefully due to meticulous maintenance and upkeep by the sellers. Easy, relaxing floorplan with beamed catheral ceiling and juniper trim. Wet bar, built in bookcase and custom entertainment center, gas stove/fireplace, enclosed porch on west side, 14 x 7 underhouse storage room, large cement driveway and just a few footsteps from the wooden walkway to the beach. Extremely convenient to shopping, restaurants and pier. And as icing on the cake, the lot size is very conducive to expansion! Come take a look and make your move.

Last Agent to Sell the Property

Dottie Reed

NC 12 Realty License #189956 Listed on: 04/26/2012

Last Buyer's Agent

Robert Barris

Vacasa North Carolina dba Vacasa - Avon License #105068

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,113

Year Built

  • Built in 1985

Lot Details

  • 0.43 Acre Lot
  • Ocean Front

HOA Fees

  • $15 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 1,568 Sq Ft Home
  • Furnished
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • Sun or Florida Room
  • Screened Porch
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Tuck Under Parking
  • Off-Street Parking

Pool

  • Outdoor Shower
  • Spa

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

  • Central Air
  • Heat Pump System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Listing and Financial Details

  • Tax Lot # 62

Community Details

Overview

  • Kinnakeet Shores Subdivision

Recreation

  • Community Boardwalk
  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,113

Year Built

Built in 1985

Lot Details

0

HOA Fees

$15 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: Turn left at light (Food Lion Shopping Center), make a right and another right. 6th house on right.
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Hot Tub, Outside Lighting, Outside Shower, Screened Porch, Smoke Detector(s), Sun Deck
  • Flood Zone: AE
  • Subdivision Name: Kinnakeet Shores Phase 2
  • Headline: SELLER FINANCING AVAILABLE
  • Heated Sq Ft: 1568
  • Phase: 2
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Unheated Lvarsf: 168
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: R
  • Deed Book Pg Number: 0309
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 4
  • Countertops: Laminate
  • Floor Coverings: Carpet, Tile
  • Foundation: Piling
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Beamed Ceiling(s), Cathedral Ceiling(s), Pantry
  • Optional Rooms: Sun/Florida Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Shakes, Wood
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: 2 Car, Carport
  • Parking: Paved, Off Street, Under

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Ocean Access, Board Walk
  • Association Fee: Yes
  • Estimated Annual Fee: 175
  • Home Owner Dwelling Insurance: 1155

Lot Info

  • Estimated Lot Sq Ft: 18646
  • Lot Number: Lot # 62
  • Deed Book: 1367

Rental Info

  • Est Annual Rental Income: 14890
  • Estimated Rental Performance: 0.0501
  • Flood Expenses: 531
  • Lease Terms: Weekly
  • Rental Co: Vacasa - Hatteras
  • Rental Cottage Name: The Grand Banks
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 922
  • Annual Electric: 1595
  • Annual Telephone Expense: 723
  • Annual Water Expense: 300

Building Info

  • Year Built: 1985

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2013
  • Taxes: 2113

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 10, 2024
Sold by
Mallery Coretta and Lankford Coretta Mallery
Bought by
Lankford Coretta Mallery and Lankford Jeffrey Lee
Current Estimated Value
$646,990

Purchase Details

Closed on
Apr 22, 2021
Sold by
Russell Patricia J and Quante David L
Bought by
Mallery Coretta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 26, 2012
Closed on
Jan 11, 2015
Sold by
Wilkins William R and Wilkins Karen H
Bought by
Russell Patricia J and Quante David L
Seller's Agent
Dottie Reed
NC 12 Realty
Buyer's Agent
Robert Barris
Vacasa North Carolina dba Vacasa - Avon
List Price
$375,000
Sold Price
$297,500
Premium/Discount to List
-$77,500
-20.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.60%
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
Lankford Coretta Mallery -- None Listed On Document
Mallery Coretta $432,000 None Available
Russell Patricia J $297,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mallery Coretta $242,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2015 01/05/15 Sold $297,500 -20.7% $190 / Sq Ft
10/20/2014 10/20/14 Pending -- -- --
04/26/2012 04/26/12 For Sale $375,000 -- $239 / 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 $2,983 $353,000 $182,900 $170,100
2023 $2,983 $359,804 $182,900 $176,904
2022 $2,947 $359,804 $182,900 $176,904
2021 $2,917 $359,804 $182,900 $176,904
2020 $2,007 $359,804 $182,900 $176,904
2019 $2,252 $340,100 $203,800 $136,300
2018 $0 $340,100 $203,800 $136,300
2017 $2,252 $340,100 $203,800 $136,300
2016 $2,113 $340,100 $203,800 $136,300
2014 $2,113 $340,100 $203,800 $136,300
Source: Public Records

Agents Affiliated with this Home

  • Dottie Reed

    Seller's Agent in 2015

    Dottie Reed

    NC 12 Realty

    (252) 305-1572

    20 in this area

    42 Total Sales

    Section Image

  • R

    Buyer's Agent in 2015

    Robert Barris

    Vacasa North Carolina dba Vacasa - Avon

    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 74655

Outer Banks Association of REALTORS®

APN: 029596062

North Carolina Dare County Avon Avon

42022 Ocean Ln, Avon, NC

This home is located at 42022 Ocean Ln, Avon, NC 27915 since 26 April 2012 and is currently estimated at $646,990, approximately $412 per square foot. This property was built in 1985. 42022 Ocean Ln is a home located in Dare County with nearby schools including Cape Hatteras Elementary School and Cape Hatteras Secondary 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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