NOT LISTED FOR SALE

42237 Griggs Ln Avon, NC 27915

Estimated Value: $633,000 - $832,000

4 Beds
3 Baths
1,568 Sq Ft
$465/Sq Ft Est. Value

Last Sold August 06, 2020

Last sale price $494,500 $315 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $3,940/month

27 Days on Market

Highlights

  • Beach Front
  • Coastal Architecture
  • Furnished
  • Ocean View
  • Cathedral Ceiling
  • Solid Surface Countertops

About This Home

As of August 2020

Come check out "Air Waves" which has been generating some fantastic rental numbers. Annual income totals have consistently exceeded $55,000 and reached as much as $67,500 in the past 5 years. Air Waves is located on a south Avon street with a good dune line and just 4 other cottages which provides a feeling of privacy while being within reach of all Avon has to offer, including Ramp 38 that is just a few blocks away. When you are not enjoying the screen porch, the front, rear and sky decks offer wonderful ocean and sound water views. The top level has vaulted ceilings and skylights for a light and airy feel. The owners have nicely maintained the home and there is an updated kitchen with solid surface counter tops. Call the listing agent for an investment analysis that will show why this home should be at the top of your list!

Last Agent to Sell the Property

Trafton Reynolds

NC 12 Realty License #265864 Listed on: 05/19/2020

Co-Listed By

Carla Reynolds

NC 12 Realty License #241562

Last Buyer's Agent

Sarah Collier

Landmark Sotheby's Internation License #305601

Landmark Sotheby's Internation

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,487

Year Built

  • Built in 1985

Lot Details

  • 8,000 Sq Ft Lot
  • Beach Front
  • Property fronts a private road
  • Cul-De-Sac

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

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

Interior Spaces

  • 1,568 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Screened Porch
  • Storm Doors

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Tuck Under Parking
  • Off-Street Parking

Outdoor Features

  • Sun Deck

Utilities

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

Community Details

  • Askins Creek Subdivision

Listing and Financial Details

  • Tax Lot 29

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,487

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Directions: NC 12 South to Avon, left on Griggs Lane.
  • Extras: Beach Access, Ceiling Fan(s), Screened Porch, Storm Doors, Sun Deck
  • Flood Zone: AE, VE
  • Headline: Rental Machine!
  • Heated Sq Ft: 1568
  • L V T Date: 05/19/2020
  • Roads: Private
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: R-1
  • Deed Book Pg Number: 0204
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C24757
  • 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: 4
  • Countertops: Solid Surface
  • Floor Coverings: Carpet, Vinyl
  • Foundation: Piling
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s)

Exterior Features

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

Garage/Parking

  • Parking: Off Street, Under

Utilities

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

Lot Info

  • Estimated Lot Sq Ft: 8000
  • Lot Description: Beach Frontage, Cul-de-sac, Water Frontage
  • Lot Number: Lot 29
  • Estimated Lot Size: 0.18
  • Deed Book: 1563

Rental Info

  • Est Annual Rental Income: 61922
  • Estimated Rental Performance: 0.1252
  • Flood Expenses: 540
  • Lease Terms: Weekly
  • Rental Co: VRBO
  • Rental Cottage Name: Air Waves

Building Info

  • Year Built: 1985

Tax Info

  • Year: 2019
  • Taxes: 2487

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2020
Closed on
Jul 21, 2020
Sold by
Summa Robert J and Summa Louise J
Bought by
Dollins Anthony L and Dollins Jamie M
Seller's Agent
Trafton Reynolds
NC 12 Realty
Buyer's Agent
Sarah Collier
Landmark Sotheby's Internation
List Price
$504,500
Sold Price
$494,500
Premium/Discount to List
-$10,000
-1.98%
Current Estimated Value
$692,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,923
Avg. Annual Appreciation
7.41%
Original Mortgage
$395,600
Outstanding Balance
$350,792
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$378,358
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Dollins Anthony L $494,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dollins Anthony L $395,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/06/2020 08/06/20 Sold $494,500 -2.0% $315 / Sq Ft
06/15/2020 06/15/20 Pending -- -- --
05/19/2020 05/19/20 For Sale $504,500 -- $322 / 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
2025 $3,839 $661,400 $371,900 $289,500
2024 $3,982 $471,500 $271,300 $200,200
2023 $3,976 $479,508 $271,300 $208,208
2022 $3,928 $479,508 $271,300 $208,208
2021 $3,886 $479,508 $271,300 $208,208
2020 $2,674 $479,508 $271,300 $208,208
2019 $2,487 $377,300 $259,100 $118,200
2018 $2,487 $377,300 $259,100 $118,200
2017 $2,487 $377,300 $259,100 $118,200
2016 $2,334 $377,300 $259,100 $118,200
2014 $2,334 $377,300 $259,100 $118,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 109331

Outer Banks Association of REALTORS®

APN: 014859000