NOT LISTED FOR SALE

56589 Nc Highway 12 Hatteras, NC 27943

Hatteras Neighborhood

Estimated Value: $918,000 - $954,000

4 Beds
3 Baths
2,060 Sq Ft
$452/Sq Ft Est. Value

Last Sold June 18, 2018

Last sale price $501,500 $243 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $5,389/month

478 Days on Market

Highlights

  • Beach Front
  • Spa
  • Second Refrigerator
  • Ocean View
  • Rooftop Deck
  • Coastal Architecture

About This Home

As of June 2018

'Dolphin's Reach' is the oceanfront getaway you've dreamed about! With its amazing ocean views and convenient beach walkover, it’s no surprise this home has a great rental history with many clients returning year after year--a great rental property with over 10% ROI! The ground floor features a fun game room that’s a perfect hangout for kids, a large covered deck, an outside shower, fish cleaning table and a storage room for your beach and fishing gear. The second level has a luxurious oceanfront master king bedroom with ensuite bath, a walk-in closet and a sun deck! Also on this level is an oceanfront queen bedroom with deck, a third bedroom that sleeps 3, a full bathroom, and a laundry room. A hot tub on this level overlooks the ocean. Watch the dolphins frolic from the top floor with its breathtaking views of the ocean, Cape Hatteras Light, and the sound. This level has a fourth (queen) bedroom, a full bathroom, an open and spacious living area, well-equipped kitchen with a breakfast bar, and a family-sized dining room with a sliding glass door to the upper deck. Many recent updates make this a don't-miss opportunity!

Last Agent to Sell the Property

Trisha Midgett

Midgett Realty - Rodanthe License #162204 Listed on: 01/18/2017

Last Buyer's Agent

Tammy Johnson

Island Life Realty License #278552

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,282

Year Built

  • Built in 1987

Lot Details

  • 10,000 Sq Ft Lot
  • Beach Front
  • Level Lot

Property Views

  • Ocean
  • Views of a Sound
  • Park or Greenbelt

Home Design

  • Coastal Architecture
  • Cottage
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Shake Siding
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 2,060 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Game Room
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Tuck Under Parking
  • Paved Parking
  • Off-Street Parking

Pool

  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Rooftop Deck
  • Covered Deck
  • Exterior Lighting

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,282

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal, Cottage
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Hot Tub, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck, Roof Top Deck
  • Flood Zone: VE
  • Headline: Oceanfront Rental Machine!
  • Heated Sq Ft: 2060
  • L V T Date: 01/20/2017
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 0236
  • Office License Number: C0569
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Refrigerator
  • Bedrooms: 4
  • Countertops: Silestone
  • Floor Coverings: Carpet, Ceramic Tile, Wood
  • Foundation: Piling
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Ice Maker Connection
  • Optional Rooms: Game Room

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Shakes, Cement Fiber Board
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean, Park Serv/Preserve, Sound

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street, Under

Utilities

  • Cooling: Central
  • Heating: Electric, Forced Air
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Lot Info

  • Estimated Lot Sq Ft: 10000
  • Lot Description: Adj to Park Serv./Preserv, Beach Frontage, Level, Water Frontage
  • Estimated Lot Size: 0.23
  • Deed Book: 1460

Rental Info

  • Est Annual Rental Income: 57662
  • Estimated Rental Performance: 0.115
  • Lease Terms: Weekly
  • Other Expenses: 281000
  • Rental Co: Midgett Realty
  • Rental Cottage Name: Dolphin's Reach
  • Rental Cottage Number: HA600
  • Rental Turnover Day: Sunday
  • Yearly Expense Actual Estimate: Estimated

Building Info

  • Year Built: 1987

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2016
  • Taxes: 3282

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2017
Closed on
Jun 14, 2018
Sold by
Andors Louis J and Andors Alice
Bought by
Grubb Joshua T
Seller's Agent
Trisha Midgett
Midgett Realty - Rodanthe
Buyer's Agent
Tammy Johnson
Island Life Realty
List Price
$549,000
Sold Price
$501,500
Premium/Discount to List
-$47,500
-8.65%
Current Estimated Value
$931,193

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$429,693
Avg. Annual Appreciation
8.96%
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
Grubb Joshua T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grubb Joshua T $451,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2018 06/18/18 Sold $501,500 +0.5% $243 / Sq Ft
05/11/2018 05/11/18 Pending -- -- --
04/25/2018 04/25/18 Price Changed $499,000 -9.1% $242 / Sq Ft
09/05/2017 09/05/17 For Sale $549,000 0.0% $267 / Sq Ft
08/22/2017 08/22/17 Pending -- -- --
08/17/2017 08/17/17 Price Changed $549,000 -5.2% $267 / Sq Ft
01/18/2017 01/18/17 For Sale $579,000 -- $281 / 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 $3,898 $593,900 $325,000 $268,900
2023 $3,891 $604,656 $325,000 $279,656
2022 $3,831 $604,656 $325,000 $279,656
2021 $3,770 $604,656 $325,000 $279,656
2020 $3,762 $604,656 $325,000 $279,656
2019 $3,346 $451,100 $281,000 $170,100
2018 $3,473 $466,800 $281,000 $185,800
2017 $3,466 $466,800 $281,000 $185,800
2016 $3,276 $466,800 $281,000 $185,800
2014 $3,276 $466,800 $281,000 $185,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 94893

Outer Banks Association of REALTORS®

APN: 016009000