NOT LISTED FOR SALE

60 Back Rd Ocracoke, NC 27960

Estimated Value: $438,000 - $685,000

2 Beds
2 Baths
1,568 Sq Ft
$351/Sq Ft Est. Value

Last Sold January 20, 2017

Last sale price $210,000 $134 Per Sq Ft

Est. 162% increase in value since last sale

Current estimated payment $3,289/month

222 Days on Market

Highlights

  • Guest House
  • Coastal Architecture
  • Workshop
  • Ocracoke School Rated 9+
  • Wood Flooring
  • Level Lot

About This Home

As of January 2017

Charming Island Cottage, with a few finishing touches this home will be a real gem. Shared Septic with neighbor to the left. Water supply is cistern only. Will not qualify for most Conventional Mortgages as the home has an unfinished Bath. Also a portion of the lower addition is below Flood, making the Flood Insurance high.

Last Agent to Sell the Property

John Head

Resort Realty - Frisco License #187858 Listed on: 05/05/2016

Last Buyer's Agent

BJ Oelschlegel

Ocracoke's Lightship Realty License #84547

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,698

Year Built

  • Built in 2005

Lot Details

  • 6,111 Sq Ft Lot
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Coastal Architecture
  • Cottage
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Piling Construction

Interior Spaces

  • 1,568 Sq Ft Home
  • Workshop

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Additional Homes

  • Guest House

Utilities

  • Heat Pump System
  • Private or Community Septic Tank

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Tax Lot #3R

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,698

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal, Cottage
  • Bank Owned: Yes
  • Headline: Central location, Great home
  • Heated Sq Ft: 1568
  • L V T Date: 05/05/2016
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Zoning: Res
  • Deed Book Pg Number: 521
  • Office License Number: C0418
  • Special Features: 20
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 2
  • Floor Coverings: Tile, Wood
  • Foundation: Piling
  • Full Bathrooms: 2
  • Optional Rooms: Workshop, Guest House

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Lap Siding
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 52

Garage/Parking

  • Parking: Off Street

Utilities

  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Sewer/Septic System: Private Septic

Lot Info

  • Estimated Lot Sq Ft: 6111
  • Lot Description: Level
  • Lot Number: Lot #3R
  • Deed Book: 223

Rental Info

  • Other Expenses: 221000

Building Info

  • Year Built: 2005

Tax Info

  • Year: 2015
  • Taxes: 2698.3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2016
Closed on
Dec 22, 2016
Sold by
Rmbs Reo Holdings Llc
Bought by
Wright Charles L
Seller's Agent
John Head
Resort Realty - Frisco
Buyer's Agent
BJ Oelschlegel
Ocracoke's Lightship Realty
List Price
$264,900
Sold Price
$210,000
Premium/Discount to List
-$54,900
-20.72%
Current Estimated Value
$551,045

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$341,045
Avg. Annual Appreciation
11.41%
Original Mortgage
$168,000
Outstanding Balance
$138,820
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$412,225
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Wright Charles L $210,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wright Charles L $168,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/20/2017 01/20/17 Sold $210,000 -20.7% $134 / Sq Ft
12/13/2016 12/13/16 Pending -- -- --
05/05/2016 05/05/16 For Sale $264,900 -- $169 / 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 $4,820 $489,056 $201,060 $287,996
2023 $2,619 $227,718 $97,500 $130,218
2022 $2,293 $250,593 $97,500 $153,093
2021 $2,042 $0 $0 $0
2020 $1,980 $0 $0 $0
2019 $1,779 $0 $0 $0
2018 $1,779 $228,120 $97,500 $130,620
2017 $2,698 $415,124 $221,000 $194,124
2016 $2,698 $415,123 $221,000 $194,123
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2012 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John Head

    Seller's Agent in 2017

    John Head

    Resort Realty - Frisco

    (252) 592-4629

    165 Total Sales

    John Head
    Section Image

  • B

    Buyer's Agent in 2017

    BJ Oelschlegel

    Ocracoke's Lightship Realty

    (252) 996-0573

    29 in this area

    32 Total Sales

    BJ Oelschlegel
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 92308

Outer Banks Association of REALTORS®

APN: 9500389883

North Carolina Hyde County Ocracoke 27960

60 Back Rd, Ocracoke, NC

Not Listed for Sale

Detached

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