516 Lighthouse Rd Ocracoke, NC 27960
Estimated Value: $936,000 - $2,345,000
5
Beds
2.5
Baths
2,304
Sq Ft
$780/Sq Ft
Est. Value
Highlights
- 155 Feet of Waterfront
- Views of a Sound
- Coastal Architecture
- Private Dock
- 0.52 Acre Lot
- Wood Flooring
About This Home
As of March 2021A rare opportunity for the luxury client looking for a private waterfront location, truly one of a kind on Ocracoke! This premier property is set on the original location of the Old Pamlico Inn site, 2 historic round cisterns are still on the property. Over 22,000 sq. ft. of beautiful, park like waterfront property with 155 linear feet of Pamlico Sound frontage. In addition to the beautiful 5 bedroom/2.5 bath home currently located on the property, there are permits in place for an additional 3 bedroom home on this exclusive property. For the avid boater, this property conveys with a 151' dock within minutes of Ocracoke inlet. At the end of the dock there is a large decked area with benches (convert to tables) and chairs to enjoy all the splendor of a waterfront location. Relax and cast a line for your catch of the day! Built on the side of the deck, is a set of steps to make accessing your boat or kayak easier. Views of Springer's Point Nature Preserve, Portsmouth Island and spectacular sunsets. This well maintained cedar shake 5 bedroom home, aptly named "The Old Pamlico Inn Site", was built for weathering storms. This sturdy home has spacious rooms, a first floor owner's suite, central air/heat, large cooks kitchen, utility room with shelving, wood floors in the kitchen, dining and living room, custom built-in shelving, ceiling fans, beautiful wood walls (downstairs), plantation shutters throughout and plenty of closet space. Rock your cares away on the large "L" shaped covered porch facing the sound or relax in the summer breeze on the porch hammock. After a long day on the water or beach there is a large outdoor shower to rinse off, a concrete pad underneath the home for family BBQ's, a park style grill, a 9' x 21.5' workshop is a perfect place to store your water sports equipment and a huge grassed yard for family activities. Great rental history! Draft subdivision plat available for property on request, conforms to all Ocracoke Development Ordinance requirements. *** If interested, the possibility exists for the Seller to offer the home separate from the extra building lot for 1.25M, please ask Agent for details!***
Last Agent to Sell the Property
Village Realty Holdings dba Ocracoke Island Realty License #148274 Listed on: 08/06/2020
Last Buyer's Agent
Village Realty Holdings dba Ocracoke Island Realty License #182570
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,183
Year Built
- Built in 1995
Lot Details
- 0.52 Acre Lot
- Lot Dimensions are 182 x 124 x 141x 155
- 155 Feet of Waterfront
- Home fronts a sound
- Level Lot
- Property is zoned Mixed
Property Views
- Views of a Sound
- Park or Greenbelt Views
Home Design
- Coastal Architecture
- Asphalt Shingled Roof
- Shake Siding
- Piling Construction
Interior Spaces
- 2,304 Sq Ft Home
- Furnished
- Ceiling Fan
- Window Treatments
- Fire and Smoke Detector
- Attic
Kitchen
- Oven or Range
- Microwave
- Ice Maker
- Dishwasher
- Solid Surface Countertops
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- En-Suite Primary Bedroom
Laundry
- Laundry Room
- Dryer
Outdoor Features
- Outdoor Shower
- Sun Deck
- Private Dock
- Covered Deck
- Exterior Lighting
- Gazebo
- Storage Shed
Utilities
- Heat Pump System
- Municipal Utilities District Water
- Private or Community Septic Tank
Listing and Financial Details
- Tax Lot # B
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 6, 2020
Closed on
Mar 15, 2021
Sold by
T G Drake Inc
Bought by
Treweeke Thomas W and Treweeke Jill M
Seller's Agent
Martha Garrish
Village Realty Holdings dba Ocracoke Island Realty
Buyer's Agent
Donna Drilling
Village Realty Holdings dba Ocracoke Island Realty
List Price
$1,675,000
Sold Price
$1,550,000
Premium/Discount to List
-$125,000
-7.46%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$248,099
Avg. Annual Appreciation
3.55%
Original Mortgage
$1,240,000
Outstanding Balance
$1,119,123
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$678,976
Similar Home in Ocracoke, NC
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Treweeke Thomas W | $1,550,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Treweeke Thomas W | $1,240,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/23/2021 03/23/21 | Sold | $1,550,000 | -7.5% | $673 / Sq Ft |
| 12/16/2020 12/16/20 | Pending | -- | -- | -- |
| 08/06/2020 08/06/20 | For Sale | $1,675,000 | -- | $727 / Sq Ft |
Source: Outer Banks Association of REALTORS®
Tax History Compared to Growth
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 | $14,512 | $1,543,806 | $1,170,000 | $373,806 |
| 2023 | $6,427 | $642,761 | $475,000 | $167,761 |
| 2022 | $5,627 | $614,976 | $475,000 | $139,976 |
| 2021 | $5,012 | $614,976 | $475,000 | $139,976 |
| 2020 | $5,182 | $655,993 | $475,000 | $180,993 |
| 2019 | $5,182 | $655,993 | $475,000 | $180,993 |
| 2018 | $5,117 | $655,993 | $475,000 | $180,993 |
| 2017 | $7,651 | $1,177,028 | $950,000 | $227,028 |
| 2016 | $6,360 | $1,177,028 | $950,000 | $227,028 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
| 2012 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Martha Garrish
M
Seller's Agent in 2021
Martha Garrish
Village Realty Holdings dba Ocracoke Island Realty
(252) 921-0125
103 in this area
107 Total Sales
-
Donna Drilling
D
Buyer's Agent in 2021
Donna Drilling
Village Realty Holdings dba Ocracoke Island Realty
(252) 921-0244
63 in this area
64 Total Sales
Map
Source: Outer Banks Association of REALTORS®
MLS Number: 110478
APN: 9500075572
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