NOT LISTED FOR SALE

51 Ikey D Rd Ocracoke, NC 27960

Estimated Value: $590,541 - $831,000

3 Beds
2.5 Baths
1,452 Sq Ft
$463/Sq Ft Est. Value

Last Sold July 23, 2021

Last sale price $445,000 $306 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $3,901/month

2 Days on Market

Highlights

  • Coastal Architecture
  • Cathedral Ceiling
  • Furnished
  • Ocracoke School Rated 9+
  • Wood Flooring
  • Screened Porch

About This Home

As of July 2021

This is the one you've been waiting for! It's as "Turn-key" as they come, the sellers haven't missed a thing providing top notch accommodations for their rental guests and the numbers show it! Over $40K Advertised Rental Income for 2021 so far. This is a well-constructed, solid home. Impeccably maintained with some recent updates that make it a fantastic rental investment property that you will thoroughly enjoy spending time in for years to come. Updates include new LVT flooring upstairs, new carpet on stairs, fresh interior paint, all new appliances and almost all new furnishings and decor including rugs, bedding, side tables, living room furniture, all new cordless blinds and curtains. Check out the 3rd bedroom with barn door and shiplap walls! Buyers will love the open floor plan with one twin room downstairs and 2 master suites upstairs. Also, nice laundry room and half bath on main level. Lots of options to enjoy the island breeze: a fabulous covered porch, a screened in porch, the back sun deck, a grilling patio and the added bonus of a spacious fenced in back yard. This one is a gem that will be a pleasure to show.

Last Agent to Sell the Property

Ashley Massey

Landmark Sotheby's International Realty License #204018 Listed on: 05/21/2021

Landmark Sotheby's International Realty

Co-Listed By

Jessica Evans

Coastal Carolina Vacations License #274806

Last Buyer's Agent

Donna Drilling

Village Realty Holdings dba Ocracoke Island Realty License #182570

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,417

Year Built

  • Built in 2000

Lot Details

  • 7,931 Sq Ft Lot
  • Property fronts a private road
  • Fenced Yard
  • Level Lot

Home Design

  • Coastal Architecture
  • Cottage
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 1,452 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • Screened Porch

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Storm Doors
  • Fire and Smoke Detector

Parking

  • Garage
  • Carport

Outdoor Features

  • Outdoor Shower
  • Sun Deck
  • Covered Deck
  • Patio
  • Exterior Lighting

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Community Details

  • Built by Larry Eiley
  • Isaac W John W O'neal Heirs Subdivision

Listing and Financial Details

  • Tax Lot 6

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,417

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal, Cottage
  • Directions: South on Hwy 12, Rt. on Middle Rd., Left on Trent Dr., Left on Ikey D Rd., house on Left
  • Extras: Ceiling Fan(s), Covered Decks, Fenced Yard, Outside Lighting, Outside Shower, Patio, Screened Porch, Smoke Detector(s), Storm Doors, Sun Deck, Inside Laundry Room
  • Flood Zone: X
  • Subdivision Name: John W and Isaac W O'Neal Subdivision
  • Headline: Turnkey Rental, Great Income!
  • Heated Sq Ft: 1452
  • L V T Date: 05/21/2021
  • Roads: Private
  • Sale/Rent: For Sale
  • Section: 3
  • Zoning: Res
  • Advertised Income 2020: 39397
  • Advertised Income 2021: 40353
  • Deed Book Pg Number: 227
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C26996
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 3
  • Countertops: Laminate, Solid Surface
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Ceramic Tile, Wood, Vinyl Tile
  • Foundation: Piling
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Ensuite, Pantry
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: Larry Eiley
  • Construction: Frame, Wood
  • Exterior: Shakes, Wood
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 59

Garage/Parking

  • Garage: 2 Car, Carport

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Heat Pump, Zoned
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Lot Info

  • Estimated Lot Sq Ft: 7931
  • Lot Description: Level
  • Lot Number: Lot 6
  • Estimated Lot Size: 0.18
  • Deed Book: 281

Rental Info

  • Lease Terms: Weekly
  • Other Expenses: 425
  • Rental Co: Ocracoke Island Realty
  • Rental Cottage Name: Cappy's Cottage
  • Rental Cottage Number: UT19
  • Rental Phone Number: (252)928-6261
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 600
  • Annual Electric: 1625
  • Annual Water Expense: 450

Building Info

  • Year Built: 2000

Tax Info

  • Year: 2020
  • Taxes: 2417

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2022
Sold by
Edelen David D and Edelen Nicole A
Bought by
Cappys Cottage Llc
Current Estimated Value
$672,385

Purchase Details

Listed on
May 21, 2021
Closed on
Jul 16, 2021
Sold by
Sexton Kennith C and Sexton Maggie R
Bought by
Edelen David D and Edelen Nicole A
Seller's Agent
Ashley Massey
Landmark Sotheby's International Realty
Buyer's Agent
Donna Drilling
Village Realty Holdings dba Ocracoke Island Realty
List Price
$449,000
Sold Price
$445,000
Premium/Discount to List
-$4,000
-0.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.25%
Original Mortgage
$356,000
Interest Rate
2.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 1999
Source: Public Records

Range of Values:

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Average Value
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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
Cappys Cottage Llc -- Stevenson Mark L
Cappys Cottage Llc -- None Listed On Document
Edelen David D $445,000 None Available
-- $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Edelen David D $356,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/23/2021 07/23/21 Sold $445,000 -0.9% $306 / Sq Ft
05/23/2021 05/23/21 Pending -- -- --
05/21/2021 05/21/21 For Sale $449,000 +32.1% $309 / Sq Ft
06/17/2019 06/17/19 Sold $340,000 -5.5% $234 / Sq Ft View Prior Sale
05/05/2019 05/05/19 Pending -- -- --
04/15/2019 04/15/19 Price Changed $359,900 -2.7% $248 / Sq Ft
03/16/2019 03/16/19 Price Changed $369,900 -1.4% $255 / Sq Ft
12/17/2018 12/17/18 For Sale $375,000 -- $258 / 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 $4,033 $429,024 $189,000 $240,024
2023 $3,198 $300,242 $89,250 $210,992
2022 $2,800 $306,035 $89,250 $216,785
2021 $2,494 $306,035 $89,250 $216,785
2020 $2,418 $306,035 $89,250 $216,785
2019 $2,418 $306,035 $89,250 $216,785
2018 $2,387 $306,035 $89,250 $216,785
2017 $2,411 $370,873 $180,000 $190,873
2016 $2,309 $370,873 $180,000 $190,873
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2012 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 114495

Outer Banks Association of REALTORS®

APN: 9500596941