NOT LISTED FOR SALE

507 First Flight Run Kitty Hawk, NC 27949

Estimated Value: $1,150,000 - $1,216,000

0.34 Acre
$3,498,453 Price per Acre
14,810 Sq Ft Lot

Last Sold October 07, 2021

Last sale price $200,000

Est. 472% increase in value since last sale

Current estimated payment $6,476/month

22 Days on Market

Highlights

  • Views of a Sound
  • Home fronts a sound
  • Cul-De-Sac
  • First Flight Middle School Rated A-
  • Gated Community
  • Level Lot

About This Lot

As of October 2021

Ready to build your dream home with views galore? Watch stunning sunsets over the sound from this beautiful semi-soundfront homesite, located in one of the most prestigious and sought after neighborhoods on the Outer Banks. Situated on a quiet cul-de-sac and just across the street from the community pier, kayak launch, and multi-use path, this property offers all you need to get settled into the coastal lifestyle. First Flight Ridge is a private, gated community centrally located in the heart of Kitty Hawk within a quick walk or bike ride to numerous shops, restaurants and the beautiful Kitty Hawk beaches. The community backs to Kitty Hawk Bay and the Kitty Hawk multipurpose path perfect for walking, biking, running, you name it! The soundside community pier is a perfect spot where you will often find neighbors gathering to watch the sunset. The pier also has a launch platform ideal for dropping in kayaks and paddle boards. This location is just waiting for your dream home!

Last Agent to Sell the Property

Danielle Taylor

Keller Williams - Outer Banks License #273134 Listed on: 07/18/2021

Keller Williams - Outer Banks

Last Buyer's Agent

Danielle Taylor

Keller Williams - Outer Banks License #273134 Listed on: 07/18/2021

Keller Williams - Outer Banks

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,393

Lot Details

  • 0.34 Acre Lot
  • Home fronts a sound
  • Property fronts a private road
  • Cul-De-Sac
  • Level Lot

HOA Fees

  • $42 Monthly HOA Fees

Property Views

  • Views of a Sound

Utilities

  • Municipal Utilities District Water
  • Private or Community Septic Tank

Community Details

Overview

  • Association fees include common insurance, management, road maintenance
  • Sterling Parker Association, Phone Number (252) 441-7860
  • First Flt Ridge Subdivision

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$1,393

Lot Details

0

HOA Fees

$42 per month

Listing Details

  • Class: LOTS/LAND
  • Directions: West on First Flight Run from N Croatan Hwy (turn between Outer Banks Blue and Captn Franks); gate code needed for entry (see showing instructions). Continue to follow First Flight Run around sharp left turn; lot will be to your left just before the cul-de-sac.
  • Flood Zone: X
  • Subdivision Name: First Flight Ridge
  • Headline: SemiSoundfront;Gated Community
  • L V T Date: 07/18/2021
  • Roads: Private, Paved
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Soundfront
  • Zoning: Res
  • Deed Book Pg Number: 265
  • 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: LotsLands

Exterior Features

  • View: Sound

Utilities

  • Sewer/Septic System: Private Septic
  • Water: Municipal
  • Electric: Available

Condo/Co-op/Association

  • Association Amenities: Gated Community, Sound Access
  • Association Fee: Yes
  • Estimated Annual Fee: 500
  • Hoa Contact: Sterling Parker
  • HOA Contact: 252-441-7860
  • Fee Includes: Common Insurance, Management, Road Maintenance

Lot Info

  • Estimated Lot Sq Ft: 15000
  • Lot Description: Cul-de-sac, Level
  • Estimated Lot Size: 0.34
  • Deed Book: 1946
  • Unit/Lot Number: Lot 34

Tax Info

  • Year: 2020
  • Taxes: 1392.59

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2021
Closed on
Oct 6, 2021
Sold by
Benton David R and Benton Cindy T
Bought by
Gaykov Ilya and Jorfald Lisa
Seller's Agent
Danielle Taylor
Keller Williams - Outer Banks
Buyer's Agent
Danielle Taylor
Keller Williams - Outer Banks
List Price
$209,000
Sold Price
$200,000
Premium/Discount to List
-$9,000
-4.31%
Current Estimated Value
$1,144,841

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$944,841
Avg. Annual Appreciation
51.82%
Original Mortgage
$160,000
Outstanding Balance
$145,270
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$1,044,204

Purchase Details

Listed on
Oct 14, 2013
Closed on
Nov 22, 2013
Sold by
Northeastern North Carolina Properties L
Bought by
Benton David R and Benton Cindy T
Seller's Agent
Beth Twyne
Carolina Dunes Real Estate
Buyer's Agent
Danielle Taylor
Keller Williams - Outer Banks
List Price
$99,000
Sold Price
$99,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.35%

Purchase Details

Closed on
Sep 5, 2013
Sold by
R And E Capital Investments Llc
Bought by
Northeastern North Carolina Properties L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gaykov Ilya $200,000 None Available
Benton David R $99,000 None Available
Northeastern North Carolina Properties L $188,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gaykov Ilya $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/07/2021 10/07/21 Sold $200,000 -4.3% --
08/09/2021 08/09/21 Pending -- -- --
07/18/2021 07/18/21 For Sale $209,000 +111.1% --
11/25/2013 11/25/13 Sold $99,000 0.0% -- View Prior Sale
10/24/2013 10/24/13 Pending -- -- --
10/14/2013 10/14/13 For Sale $99,000 -- --
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 $5,365 $1,110,400 $296,300 $814,100
2024 $5,477 $781,900 $198,800 $583,100
2023 $3,132 $365,100 $198,800 $166,300
2022 $1,393 $198,800 $198,800 $0
2021 $1,393 $198,800 $198,800 $0
2020 $1,393 $198,800 $198,800 $0
2019 $1,264 $156,000 $156,000 $0
2018 $1,264 $156,000 $156,000 $0
2017 $1,264 $156,000 $156,000 $0
2016 $1,201 $156,000 $156,000 $0
2014 $12 $156,000 $156,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 115277

Outer Banks Association of REALTORS®

APN: 018413038