NOT LISTED FOR SALE

5005 Martins Point Rd Kitty Hawk, NC 27949

Estimated Value: $1,354,000 - $1,605,000

4 Beds
3.5 Baths
3,747 Sq Ft
$400/Sq Ft Est. Value

Last Sold March 27, 2020

Last sale price $775,000 $207 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $8,082/month

197 Days on Market

Highlights

  • 150 Feet of Waterfront
  • Private Dock
  • Spa
  • First Flight Middle School Rated A-
  • Boat Lift
  • Home fronts a creek

About This Home

As of March 2020

WATERFRONT HOME WITH THE MOST SPECTACULAR VIEWS OF GINGUITE CREEK! Best place on the beach for boating, water-skiing, tubing and kayaking, all right out your backdoor. Located in the sought after Gated Community of MARTINS POINT on 1.30 ACRES. That's right, 56,000 square foot Private Waterfront lot! This home is tucked away in a forest of live oaks, crape myrtles, dogwoods, olive trees & hollys. Once you reach the house it opens up to wide sweeping views of the open waters of Ginguite Creek with just a two minute boat ride to the Currituck sound. This Impeccable 4 bedroom/3.5 bath home was built by one of the top builders on the OBX, Bobby Sykes. Southern Living would be proud! Home was designed to Capture the Waterfront views as you enter. Open kitchen with a 4x10' Island, Hardwood floors and a see through gas fireplace from the kitchen to living area. Both of these rooms open onto a Covered Brick patio and sun deck with Hot Tub that runs the width of the home. First Floor Master Suite and Bath with double vanities, jet tub, walk in shower and a Huge Walk-in closet measuring 8x12'. Private 2nd bedroom suite with it's own bath. Bright and airy Office/Study with built in shelves. Inviting Dining room, Laundry room and Powder room complete the first floor. Top floor has Two bedrooms, Large Bath with double vanities. Walk-in Attic provides easy access to lots of extra storage. Finished Room over garage (FROG) used as a Game Room. Three Car Garage and a Dock with 10,000 lb. Boat Lift. This prestigious community is a 2.5 mile long, 1/2 mile wide peninsula with 5 miles of shoreline and 225 Waterfront Home-sites with some of the most beautiful homes on the OBX! Ask your agent about the interesting history of Martin's Point!

Last Agent to Sell the Property

Alex Argiroff

Keller Williams - Outer Banks License #176145 Listed on: 07/05/2019

Keller Williams - Outer Banks

Last Buyer's Agent

* *None

**None License #NA

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,431

Year Built

  • Built in 1998

Lot Details

  • 1.29 Acre Lot
  • Lot Dimensions are 150 x 379 x 150 x 354
  • Home fronts a creek
  • 150 Feet of Waterfront
  • Property fronts a private road
  • Landscaped
  • Level Lot
  • Sprinkler System
  • Wooded Lot

HOA Fees

  • $122 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Traditional Architecture
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Lap Siding
  • Piling Construction

Interior Spaces

  • 3,747 Sq Ft Home
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Library
  • Creek or Stream Views
  • Fire and Smoke Detector
  • Attic

Kitchen

  • Built-In Oven
  • Built-In Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Laminate Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Off-Street Parking

Outdoor Features

  • Spa
  • Sun Deck
  • Boat Lift
  • Private Dock
  • Covered Deck
  • Patio
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 19A / 6

Community Details

Overview

  • Association fees include common electric, common insurance, management, road maintenance, security
  • Seaside Management Association, Phone Number (252) 261-1200
  • Built by Bobby Sykes
  • Martin's Point Subdivision

Recreation

  • Community Boat Dock
  • Community Playground

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,431

Year Built

Built in 1998

Lot Details

1.29 Acres

HOA Fees

$122 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Traditional, Coastal
  • Directions: Through guard gate. House is on the Creek right before you get to the pond. Can not see home from the road. Wooded driveway takes you back to the house. Lockbox on patio by front door.
  • Extras: Ceiling Fan(s), Covered Decks, Hot Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Patio, Smoke Detector(s), Sun Deck, Boat Lift, Boat Dock, Dry Entry, Inside Laundry Room
  • Flood Zone: AE, X
  • Subdivision Name: Martins Point
  • Headline: WATERFRONT ON PRIVATE LOT!
  • Heated Sq Ft: 3747
  • L V T Date: 07/05/2019
  • Primary Residence: Yes
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Section: 1
  • Waterfront Location: Creekfront
  • Zoning: RES
  • Deed Book Pg Number: 0491
  • 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: Countertop Range, Disposal, Dishwasher, Dryer, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer
  • Bedrooms: 4
  • Countertops: Laminate
  • Floor Coverings: Carpet, Ceramic Tile, Wood
  • Foundation: Piling
  • Full Bathrooms: 3
  • Interior Amenities: All Window Treatments, Attic, Dryer Connection, Gas Fireplace, Ensuite, Pantry, Walk in Closet, Washer Connection, 1st Flr Ensuite
  • Optional Rooms: Foyer, Library/Study, Pantry
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: Bobby Sykes
  • Construction: Frame, Wood
  • Exterior: Lap Siding, Wood
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 150
  • View: Creek
  • Water Frontage: 150

Garage/Parking

  • Garage: 3 + Car, Attached
  • Parking: Off Street

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Management, Road Maintenance, Security
  • Association Amenities: Boat Ramp, Boat Dock, Gated Community, Playground, Sound Access
  • Association Fee: Yes
  • Estimated Annual Fee: 1463
  • Hoa Contact: Seaside Management
  • HOA Contact: 252-261-1200

Lot Info

  • Estimated Lot Sq Ft: 56000
  • Lot Description: Level, Water Frontage, Wooded
  • Lot Faces: E
  • Lot Size: 150 X 379 X 150 X 354
  • Lot Number: Lot 19A
  • Estimated Lot Size: 1.29
  • Deed Book: 1144

Rental Info

  • Other Expenses: 358600
  • Other Insurance Expenses: 4744
  • Annual Cable TV Expense: 1251
  • Annual Electric: 2101
  • Annual Water Expense: 248

Building Info

  • Year Built: 1998

Tax Info

  • Year: 2018
  • Taxes: 5430.73

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2019
Closed on
Mar 18, 2020
Sold by
Fordham James M and Fordham Joan C
Bought by
Karako Ronald C and Karako Linda M
Seller's Agent
Alex Argiroff
Keller Williams - Outer Banks
Buyer's Agent
* *None
**None
List Price
$799,000
Sold Price
$775,000
Premium/Discount to List
-$24,000
-3%
Current Estimated Value
$1,499,899

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$724,899
Avg. Annual Appreciation
11.86%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Karako Ronald C $775,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2020 03/27/20 Sold $775,000 -3.0% $207 / Sq Ft
01/18/2020 01/18/20 Pending -- -- --
07/05/2019 07/05/19 For Sale $799,000 -- $213 / Sq Ft
Source: Outer Banks Association of REALTORS®

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 $3,071 $1,459,100 $609,900 $849,200
2024 $3,729 $875,600 $418,200 $457,400
2023 $1,234 $883,353 $418,200 $465,153
2022 $4,849 $883,376 $418,200 $465,176
2021 $4,275 $793,200 $418,200 $375,000
2020 $4,281 $796,422 $418,200 $378,222
2019 $5,378 $841,500 $358,600 $482,900
2018 $5,431 $849,500 $358,600 $490,900
2017 $5,367 $849,500 $358,600 $490,900
2016 $5,023 $849,500 $358,600 $490,900
2014 $5,030 $849,500 $358,600 $490,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 105738

Outer Banks Association of REALTORS®

APN: 011499000

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