NOT LISTED FOR SALE

485 Silver Lake Dr Ocracoke, NC 27960

Estimated Value: $403,000

-- Bed
-- Bath
586 Sq Ft
$688/Sq Ft Est. Value

Last Sold November 12, 2021

Last sale price $730,000 $1,246 Per Sq Ft

Est. 45% decrease in value since last sale

Current estimated payment $2,366/month

210 Days on Market

Highlights

  • Beach Front
  • Harbor Views
  • 0.46 Acre Lot

About This Home

As of November 2021

The "Fish House", built by Ocracoke legend Sam Jones is one of a scant handful of structures that sit atop Silver Lake Harbor. The 2 story frame structure consists of unfinished open space. The 160 feet of shoreline has recently been protected with rip rap and natural marsh grasses. Over 13,000 feet of highlands on road side of property should accommodate septic system, 2 bedroom septic permit pending. This is a unique opportunity to have a one of a kind cottage, perched atop Silver Lake Harbor with in place deep water dockage at your doorstep. Current use of property is as it's name suggests; serving as local fisherman's base camp. Showing by appointment only

Last Agent to Sell the Property

Daphne Bennink

Ocracoke's Lightship Realty License #120559 Listed on: 12/23/2020

Last Buyer's Agent

Jennifer Esham

Ocracoke's Lightship Realty License #254658

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $906

Year Built

  • Built in 1950

Lot Details

  • 0.46 Acre Lot
  • Beach Front
  • 161 Feet of Waterfront
  • Property Fronts a Bay or Harbor

Home Design

  • Shake Siding
  • Piling Construction

Interior Spaces

  • 586 Sq Ft Home
  • Harbor Views

Home Details

Home Type

Single Family

Est. Annual Taxes

$906

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Directions: South on Hwy 12, at Silver Lake Harbor turn left onto Silver Lake Dr, continue on keeping right, just before dead end property will be on left.
  • Heated Sq Ft: 586
  • L V T Date: 12/26/2020
  • Sale/Rent: For Sale
  • Waterfront Location: Harborfront
  • Deed Book Pg Number: 445
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C16705
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Foundation: Piling

Exterior Features

  • Exterior: Shakes
  • Street Frontage: 125
  • View: Harbor
  • Water Frontage: 161

Lot Info

  • Estimated Lot Sq Ft: 20191
  • Lot Description: Beach Frontage
  • Lot Faces: NE
  • Lot Size: see survey
  • Estimated Lot Size: 0.46
  • Deed Book: 236

Building Info

  • Year Built: 1950

Tax Info

  • Year: 2020
  • Taxes: 905.5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 23, 2020
Closed on
Nov 9, 2021
Sold by
Jones Carolyn U and Trader Free
Bought by
458 Lighthouse Rd Eat Llc
Seller's Agent
Daphne Bennink
Ocracoke's Lightship Realty
Buyer's Agent
Jennifer Esham
Ocracoke's Lightship Realty
List Price
$750,000
Sold Price
$730,000
Premium/Discount to List
-$20,000
-2.67%
Current Estimated Value
$403,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$327,000
Avg. Annual Appreciation
-14.44%

Purchase Details

Closed on
Aug 28, 2018
Sold by
Jones Carolyn U
Bought by
Hookham Lois E and The Carolyn U Jones Irrevocable Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
458 Lighthouse Rd Eat Llc $730,000 None Available
Hookham Lois E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 458 Lighthouse Rd Llc $370,000
Closed 458 Lighthouse Rd Eat Llc $370,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2021 11/12/21 Sold $730,000 -2.7% $1,246 / Sq Ft
07/21/2021 07/21/21 Pending -- -- --
12/23/2020 12/23/20 For Sale $750,000 -- $1,280 / 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 $2,244 $238,719 $187,500 $51,219
2023 $1,202 $95,000 $95,000 $0
2022 $1,052 $115,000 $95,000 $20,000
2021 $937 $115,000 $95,000 $20,000
2020 $909 $115,000 $95,000 $20,000
2019 $909 $115,000 $95,000 $20,000
2018 $897 $115,000 $95,000 $20,000
2017 $3,989 $613,750 $593,750 $20,000
2016 $3,989 $613,750 $593,750 $20,000
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2012 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Daphne Bennink

    Seller's Agent in 2021

    Daphne Bennink

    Ocracoke's Lightship Realty

    (252) 928-8032

    29 in this area

    32 Total Sales

    Daphne Bennink
    Section Image

  • J

    Buyer's Agent in 2021

    Jennifer Esham

    Ocracoke's Lightship Realty

    (252) 928-2809

    19 in this area

    19 Total Sales

    Jennifer Esham
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 112250

Outer Banks Association of REALTORS®

APN: 9500190648

North Carolina Hyde County Ocracoke 27960

485 Silver Lake Dr, Ocracoke, NC

This home is located at 485 Silver Lake Dr, Ocracoke, NC 27960 since 23 December 2020 and is currently estimated at $403,000, approximately $687 per square foot. This property was built in 1950. 485 Silver Lake Dr is a home located in Hyde County with nearby schools including Ocracoke 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.
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