NOT LISTED FOR SALE

56432 Nc Highway 12 Hatteras, NC 27943

Hatteras Neighborhood

Estimated Value: $1,661,908 - $1,820,000

6 Beds
5.5 Baths
3,400 Sq Ft
$514/Sq Ft Est. Value

Last Sold May 31, 2017

Last sale price $850,000 $250 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $10,311/month

3 Days on Market

Highlights

  • Ocean View
  • Home Theater
  • Home fronts a creek
  • Beach Access
  • Heated In Ground Pool
  • Second Refrigerator

About This Home

As of May 2017

LandShark 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.

Last Listed By

Carla Reynolds

NC 12 Realty License #241562 Listed on: 04/11/2017

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,152

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: One of the first 6 or 8 houses on the sound side of Hatteras Village and before you reach any homes on the ocean side. Turn down shared drive to the "twin houses" that overlook the ocean, sound, creeks and marshes. Enjoy!
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Elevator, Hot Tub, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck, Tiki Bar, Dry Entry
  • Flood Zone: AE, VE
  • Headline: Ocean to Sound views!
  • Heated Sq Ft: 3400
  • L V T Date: 04/14/2017
  • Roads: Easement Access
  • Sale/Rent: For Sale
  • Waterfront Location: Creekfront
  • Zoning: Res
  • Deed Book Pg Number: 0309
  • Office License Number: C24757
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Refrigerator
  • Bedrooms: 6
  • Countertops: Granite
  • Electronic Locks: Owned
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Ice Maker Connection, Ensuite, Some Windows Treated, Washer Connection, Wet Bar, Electric Fireplace
  • Optional Rooms: Game Room, Office, Home Theater
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Creek, Ocean, Park Serv/Preserve, Sound, Salt Marsh

Garage/Parking

  • Garage: Carport
  • Parking: Paved

Utilities

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

Lot Info

  • Estimated Lot Sq Ft: 20000
  • Lot Number: Lot 1
  • Deed Book: 1843

Rental Info

  • Est Annual Rental Income: 146045
  • Estimated Rental Performance: 0.1718
  • Lease Terms: Weekly
  • Rental Co: VRBO
  • Rental Cottage Name: LandShark
  • Rental Cottage Number: 602442
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Actual

Building Info

  • Year Built: 2007

Tax Info

  • Year: 2016
  • Taxes: 4152

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
Total Days on Market
3
Current Estimated Value
$1,746,727

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
$1,298,908
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$447,819

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

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Similar Home in Hatteras, NC

  • 56432 N Carolina Highway 12 Unit Lot 1, Hatteras, NC 27943

    $1,795,000

    • 6 Beds
    • 5.5 Baths
    • 3,630 Sq Ft
    • 56432 N Carolina Highway 12
    • Unit Lot 1
    • Hatteras, NC

    Welcome to "Land Shark", a striking 3,600 sq. ft., 6-bedroom, 5.5-bath retreat on Hatteras Island, showcasing expansive, unobstructed views of the Atlantic Ocean, Pamlico Sound, salt marsh, and creek front. This beautifully maintained, fully turn-key vacation home offers it all: multiple en suites, an elevator, home theater, private pool complex, and hot tub. A top-performing rental with strong

    The Myatt Group Team Keller Williams - Outer Banks

    Section Image
See All Homes in Hatteras

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
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

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 $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

  • Carla Reynolds

    Seller's Agent in 2017

    Carla Reynolds

    NC 12 Realty

    (252) 996-0403

    30 in this area

    157 Total Sales

    Carla Reynolds
    Section Image
  • Trafton Reynolds

    Seller Co-Listing Agent in 2017

    Trafton Reynolds

    NC 12 Realty

    (252) 996-0104

    33 in this area

    176 Total Sales

    Trafton Reynolds
    Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 96075

Outer Banks Association of REALTORS®

APN: 029652001

North Carolina Dare County Hatteras Hatteras

56432 Nc Highway 12, Hatteras, NC

Homes for Sale in Hatteras, NC

This home is located at 56432 Nc Highway 12, Hatteras, NC 27943 since 11 April 2017 and is currently estimated at $1,746,727, approximately $513 per square foot. This property was built in 2007. 56432 Nc Highway 12 is a home located in Dare County with nearby schools including Cape Hatteras Elementary School and Cape Hatteras Secondary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Outer Banks Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes