NOT LISTED FOR SALE

5020 Martins Point Rd Kitty Hawk, NC 27949

Estimated Value: $1,260,000 - $2,727,614

4 Beds
3.5 Baths
5,243 Sq Ft
$409/Sq Ft Est. Value

Last Sold September 21, 2018

Last sale price $2,035,000 $388 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $12,314/month

61 Days on Market

Highlights

  • Views of a Sound
  • Boat Dock
  • Gunite Pool
  • First Flight Middle School Rated A-
  • Home fronts a sound
  • Gated Community

About This Home

As of September 2018

A sought-after estate sitting on three lots in Martins Point that can never be duplicated. This house was positioned to take advantage of the Currituck sound views from every room in the house. As soon as you arrive on the property you feel like you are taking a step back in time with the traditional architecture and serenity the house provides. There is a circular, stamped, concrete driveway that provides easy access for your guests. The foyer welcomes you with marble floors, a breathtaking chandelier and a gorgeous curved staircase with natural light highlighting the beauty of it all. An open floor plan leads you to a dining room with cathedral ceilings and wall of windows overlooking the sound. Make your way into the living room and find formal living perfect for entertaining and a fireplace that can be hooked up to natural gas. A library sits off from the living room surrounded by windows and covered in Brazilian cherry hardwood floors. When you enter the large kitchen, you are welcomed with all the cabinetry and counter space you could ever wish for. There is a second living area for casual comfort with a stone fireplace adjoining built-in cabinets. Follow the hallway to the master-suite that over-looks the pool deck, gazebo, and trellis. There are two separate his and her master bathrooms with adjoining walk-in closets and including a marble/glass shower and spa-like tub. Upstairs features an exercise room that could be used as an office, two bedrooms and one full bathroom. There is a complete apartment positioned over the garage with its own bathroom, kitchen and stove top. The 4-car garage provides plenty of room for your collector items while there is a separate 2 car garage with high doors for boats or campers. The windows throughout the home were replaced 7 years ago with Anderson Windows. The outdoor living consists of a covered slate porch with a true stone foundation, a 300 foot bulkhead and pier, gunite pool and concrete pool deck that is elevated to prevent flooding, a cast iron fence surrounds the entire property, and tranquil landscaping. There are 4 separate heating and cooling systems that help with electric bills. Surround sound speakers are positioned throughout the interior and exterior and there is a central vacuum for convenience.

Last Agent to Sell the Property

Brad Beacham

Landmark Sotheby's International Realty License #194377 Listed on: 05/10/2018

Landmark Sotheby's International Realty

Co-Listed By

Cameron Griggs

Coldwell Banker Seaside Realty KH License #294636

Last Buyer's Agent

Andrew Darling

Keller Williams - Outer Banks License #211211

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,707

Year Built

  • Built in 1991

Lot Details

  • 2.71 Acre Lot
  • Home fronts a sound
  • Fenced Yard

HOA Fees

  • $219 Monthly HOA Fees

Home Design

  • Wood Shingle Roof
  • Wood Siding

Interior Spaces

  • 5,243 Sq Ft Home
  • Wet Bar
  • Central Vacuum
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Window Treatments
  • Entrance Foyer
  • Library
  • Loft
  • Views of a Sound
  • Attic

Kitchen

  • Built-In Oven
  • Built-In Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • In-Law or Guest Suite

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Garage Door Opener

Pool

  • Gunite Pool
  • Outdoor Pool

Outdoor Features

  • Gazebo

Utilities

  • Forced Air Heating and Cooling System
  • Municipal Utilities District Water
  • Private Sewer

Listing and Financial Details

  • Tax Lot 69,70,71

Community Details

Overview

  • Association fees include common electric, common insurance, management, road maintenance, security
  • Martin's Point Subdivision

Recreation

  • Boat Dock
  • Community Playground
  • Park

Additional Features

  • Common Area
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,707

Year Built

Built in 1991

Lot Details

0

HOA Fees

$219 per month

Listing Details

  • Class: RESIDENTIAL
  • Directions: Enter Martins Point and veer Left. Follow Martins Point Road. House is right past the intersection of Martins Point Road and Creek Road. House on Left.
  • Extras: Ceiling Fan(s), Central Vacuum, Common Laundry Area, Fenced Yard, Garage Door Opener, Gazebo
  • Flood Zone: AE
  • Headline: MARTINS POINT ESTATE
  • Heated Sq Ft: 5243
  • L V T Date: 05/11/2018
  • Primary Residence: Yes
  • Roads: Paved
  • Sale/Rent: For Sale
  • Waterfront Location: Soundfront
  • Zoning: RES
  • Deed Book Pg Number: 0094
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C7166
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Countertop Range, Dishwasher, Dryer, Microwave, Refrigerator, Wall Oven, Washer
  • Bedrooms: 4
  • Floor Coverings: Carpet, Tile, Marble, Hardwood
  • Full Bathrooms: 3
  • Interior Amenities: 9' Ceilings, All Window Treatments, Attic, Cathedral Ceiling(s), Ensuite, Pantry, Skylight, Walk in Closet, Washer Connection, Wet Bar
  • Optional Rooms: Foyer, In-Law Apartment, Library/Study, Loft
  • Partial Bathrooms: 1

Exterior Features

  • Exterior: Wood
  • Pool: Yes
  • Pool: Private
  • Pool Type: Gunite, Private Pool
  • Roof: Wood Shingles
  • View: Sound

Garage/Parking

  • Garage: 3 + Car
  • Parking: Paved

Utilities

  • Cooling: Central
  • Heating: Electric, Forced Air
  • Sewer/Septic System: Private Sewer
  • 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, Park, Playground, Sound Access, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 2625

Lot Info

  • Estimated Lot Sq Ft: 117864
  • Lot Description: Water Frontage
  • Lot Number: Lot 69,70,71
  • Estimated Lot Size: 2.71
  • Deed Book: 1322

Building Info

  • Year Built: 1991

Tax Info

  • Year: 2017
  • Taxes: 9706.83

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2018
Closed on
Sep 21, 2018
Sold by
Davis Jerry A and Davis Arlene D
Bought by
Caruso John R and Caruso Kinmerly W
Seller's Agent
Brad Beacham
Landmark Sotheby's International Realty
Buyer's Agent
Andrew Darling
Keller Williams - Outer Banks
List Price
$2,095,000
Sold Price
$2,035,000
Premium/Discount to List
-$60,000
-2.86%
Current Estimated Value
$2,143,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,404
Avg. Annual Appreciation
0.74%
Original Mortgage
$1,526,250
Outstanding Balance
$1,328,239
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$815,165
Source: Public Records

Range of Values:

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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
Caruso John R $2,035,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Caruso John R $1,526,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/21/2018 09/21/18 Sold $2,035,000 -2.9% $388 / Sq Ft
07/10/2018 07/10/18 Pending -- -- --
05/10/2018 05/10/18 For Sale $2,095,000 -- $400 / 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 $8,767 $1,524,800 $699,300 $825,500
2023 $8,707 $1,557,820 $699,300 $858,520
2022 $8,551 $1,557,820 $699,300 $858,520
2021 $8,395 $1,557,820 $699,300 $858,520
2020 $8,196 $1,524,800 $699,300 $825,500
2019 $9,755 $1,561,000 $659,900 $901,100
2018 $9,801 $1,568,400 $659,900 $908,500
2017 $9,707 $1,568,400 $659,900 $908,500
2016 $9,079 $1,568,400 $659,900 $908,500
2014 $9,079 $1,568,400 $659,900 $908,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 100473

Outer Banks Association of REALTORS®

APN: 028310000