Seller's Agent in 2017
Carla Reynolds
NC 12 Realty
(252) 996-0403
27 in this area
142 Total Sales
56432 Nc Highway 12 Hatteras, NC 27943
Hatteras NeighborhoodEstimated Value: $1,720,011 - $1,894,000
6
Beds
5.5
Baths
3,400
Sq Ft
$533/Sq Ft
Est. Value
Highlights
- Ocean View
- Home Theater
- Home fronts a creek
- Beach Access
- Heated In Ground Pool
- Second Refrigerator
About This Home
As of May 2017LandShark may be the best catch on the market. You don't have to pay oceanfront prices to have an exceptional beach house, exceptional view, and exceptional income producer. LandShark is situated on one of the first few sound side lots in Hatteras Village in an area without any ocean front development across NC 12 Highway. After the scenic drive to your beach home, you will be greeted by an inviting outdoor entertainment area with a Tiki Bar, swimming pool with waterfall and kiddie pool, hot tub, outdoor shower and fish cleaning table. After a long day at the beach, kayak tour around the sound from your back yard, and soothing soak in the hot tub, you may as well let the elevator take you to the master suite of your choosing to recharge. Four of the bedrooms have their own private bathrooms, including a top floor option which allows for one-level living on the occasions you may enjoy your beach house without friends and family around. The lower level queen bed and double bunk rooms share a bath and share this level with a 3-D HD Home Theater room and a Game Room with billiards, poker table, and wet bar with full refrigerator and microwave. A nice sitting room with sleeper sofa is a quiet retreat on the middle level along with three of the masters. The top floor really has that "wow" factor thanks to walls of windows and doors that highlight amazing water views in all directions. Preparing meals for a crowd is a pleasure in the granite and stainless kitchen with breakfast bar seating. This becomes a gathering place as everyone winds down the day for dinner at sunset and then gathers in the living room around the fireplace and big screen TV for the night. There is also an office space with great ocean view on the top level. All of this may be hard to top except when you learn that the 2016 rental income totaled $146,000 through Vacation Rental By Owner bookings! 2017 pre-bookings have almost matched last season's totals and are expected to be even better.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,152
Year Built
- Built in 2007
Lot Details
- 0.46 Acre Lot
- Home fronts a creek
Parking
- Paved Parking
Property Views
- Ocean
- Views of a Sound
- Creek or Stream
- Park or Greenbelt
Home Design
- Coastal Architecture
- Reverse Style Home
- Frame Construction
- Asphalt Shingled Roof
- Piling Construction
- Cement Board or Planked
Interior Spaces
- 3,400 Sq Ft Home
- Elevator
- Wet Bar
- Furnished
- Cathedral Ceiling
- Ceiling Fan
- Electric Fireplace
- Window Treatments
- Home Theater
- Game Room
- Fire and Smoke Detector
Kitchen
- Oven or Range
- Microwave
- Second Refrigerator
- Ice Maker
- Dishwasher
- Granite Countertops
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- En-Suite Primary Bedroom
Laundry
- Dryer
- Washer
Pool
- Heated In Ground Pool
- Outdoor Pool
- Spa
- Outdoor Shower
Outdoor Features
- Beach Access
- Sun Deck
- Covered Deck
- Exterior Lighting
- Tiki or Chickee Hut
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Municipal Utilities District Water
- Private or Community Septic Tank
Listing and Financial Details
- Tax Lot 1
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 2, 2024
Sold by
Getchell Eric and Tobe Craig
Bought by
Faithful Foundations Realty Li P
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,312,500
Outstanding Balance
$1,295,362
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$518,141
Purchase Details
Closed on
Sep 10, 2010
Sold by
Branch Banking & Trust Company
Bought by
Fraelich Timothy P and Fraelich Michelle
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
3.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 20, 2010
Sold by
Thomas Jeffrey D and Hall Jeffrey D
Bought by
Branch Banking & Trust Company
Purchase Details
Closed on
May 30, 2006
Sold by
Ballance David L and Ballance Joan K
Bought by
Thomas Jeffrey Dale and Hall Jeffrey D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.51%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Faithful Foundations Realty Li P | $1,750,000 | None Listed On Document | |
| Fraelich Timothy P | $580,000 | None Available | |
| Branch Banking & Trust Company | $555,000 | None Available | |
| Thomas Jeffrey Dale | $262,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Faithful Foundations Realty Li P | $1,312,500 | |
| Previous Owner | Fraelich Timothy P | $460,000 | |
| Previous Owner | Thomas Jeffrey D | $787,500 | |
| Previous Owner | Thomas Jeffrey Dale | $750,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/31/2017 05/31/17 | Sold | $850,000 | 0.0% | $250 / Sq Ft |
| 04/14/2017 04/14/17 | Pending | -- | -- | -- |
| 04/11/2017 04/11/17 | For Sale | $850,000 | -- | $250 / 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 | $6,402 | $958,900 | $139,700 | $819,200 |
| 2023 | $6,381 | $991,668 | $139,700 | $851,968 |
| 2022 | $6,282 | $991,668 | $139,700 | $851,968 |
| 2021 | $6,183 | $991,668 | $139,700 | $851,968 |
| 2020 | $6,169 | $991,668 | $139,700 | $851,968 |
| 2019 | $4,394 | $580,400 | $119,300 | $461,100 |
| 2018 | $4,394 | $580,400 | $119,300 | $461,100 |
| 2017 | $4,394 | $580,400 | $119,300 | $461,100 |
| 2016 | $4,152 | $580,400 | $119,300 | $461,100 |
| 2014 | $4,152 | $580,400 | $119,300 | $461,100 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2017
Trafton Reynolds
NC 12 Realty
(252) 996-0104
29 in this area
161 Total Sales
Map
Source: Outer Banks Association of REALTORS®
MLS Number: 96075
APN: 029652001
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