NOT LISTED FOR SALE

48985 Nc Highway 12 Buxton, NC 27920

Buxton Neighborhood

Estimated Value: $560,830 - $775,000

0.95 Acre
$672,826 Price per Acre
41,254 Sq Ft Lot

Last Sold February 15, 2013

Last sale price $55,000

Est. 1,082% increase in value since last sale

Current estimated payment $3,745/month

182 Days on Market

Highlights

  • Views of a Sound
  • 41,254 Sq Ft lot
  • Timber
  • Home fronts a sound

About This Lot

As of February 2013

There are not many opportunities to own a great Commercial lot in Buxton located in a X flood zone. A building here would have great Sound Views.

Last Agent to Sell the Property

John Head

Resort Realty - Frisco License #187858 Listed on: 06/05/2012

Co-Listed By

Casey Barley

Default, Office License #273261

Last Buyer's Agent

MaryAnne Hill

Default, Office License #267453

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $624

Lot Details

  • 0.95 Acre Lot
  • Lot Dimensions are 105 x 387
  • Home fronts a sound
  • Irregular Lot
  • Property is zoned Commercial

Property Views

  • Views of a Sound
  • Canal
  • Creek or Stream

Farming

  • Timber

Listing and Financial Details

  • REO, home is currently bank or lender owned

Property Details

Property Type

Land

Est. Annual Taxes

$624

Lot Details

0

Listing Details

  • Class: LOTS/LAND
  • Bank Owned: Yes
  • Directions: High 12 south past Fish House restaurant on left and just south of Pops Restaurant.
  • Flood Zone: AE, X
  • Headline: Great High elevation on 12
  • Roads: Public, Paved
  • Sale/Rent: For Sale
  • Tract: 1
  • Waterfront Location: Semi-Soundfront
  • Zoning: Commercial
  • Timber: Light
  • Deed Book Pg Number: 0068
  • Special Features: 20
  • Property Sub Type: LotsLands

Exterior Features

  • Street Frontage: 105
  • View: Creek, Canal, Sound, Salt Marsh

Utilities

  • Electric: Available

Lot Info

  • Estimated Lot Sq Ft: 41254
  • Lot Description: Irregular Terrain
  • Lot Size: 105 X 387
  • Deed Book: 1861

Tax Info

  • Year: 2011
  • Taxes: 624

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2012
Closed on
Jan 4, 2013
Sold by
Pnc Bank Na
Bought by
Johnson Cheryl L
Seller's Agent
John Head
Resort Realty - Frisco
Buyer's Agent
MaryAnne Hill
Default, Office
List Price
$71,155
Sold Price
$55,000
Premium/Discount to List
-$16,155
-22.7%
Current Estimated Value
$650,162

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$595,162
Avg. Annual Appreciation
21.65%
Original Mortgage
$210,408
Interest Rate
3.35%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 14, 2011
Sold by
Mcdaniel Deanna B and Brooker Jeffrey S
Bought by
Rbc Bank Usa

Purchase Details

Closed on
Jun 2, 2006
Sold by
Mcadoo Jeffrey K and Mcadoo Barbara W
Bought by
Mcdaniel L Sherman and Mcdaniel Deanna B
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
Johnson Cheryl L $55,000 None Available
Rbc Bank Usa $36,800 None Available
Mcdaniel L Sherman $285,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Cheryl L $25,000
Open Johnson Cheryl L $210,000
Closed Johnson Cheryl L $210,408
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2013 02/15/13 Sold $55,000 -22.7% --
12/04/2012 12/04/12 Pending -- -- --
06/05/2012 06/05/12 For Sale $71,155 -- --
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 $2,428 $401,800 $74,000 $327,800
2023 $1,609 $401,800 $74,000 $327,800
2022 $2,478 $417,100 $78,500 $338,600
2021 $2,437 $417,100 $78,500 $338,600
2020 $2,142 $417,100 $78,500 $338,600
2019 $2,142 $311,200 $69,800 $241,400
2018 $2,142 $311,200 $69,800 $241,400
2017 $2,142 $311,200 $69,800 $241,400
2016 $1,749 $269,800 $69,800 $200,000
2014 $1,331 $205,200 $69,800 $135,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 75144

Outer Banks Association of REALTORS®

APN: 016697000