NOT LISTED FOR SALE

601 Forest Dunes Pine Knoll Shores, NC 28512

Estimated Value: $540,000 - $1,027,328

0.66 Acre
$1,187,370 Price per Acre
28,750 Sq Ft Lot

Last Sold September 29, 2021

Last sale price $775,000

Current estimated payment $4,627/month

140 Days on Market

Highlights

  • 40 Feet of Waterfront
  • Marina
  • Ocean Side of Freeway
  • Morehead City Primary School Rated A-
  • Ocean View
  • Wooded Lot

About This Lot

As of September 2021

Oceanfront lot in Beacon's Reach, one of the premiere ocean-front neighborhoods in Pine Knoll Shores. This lot is one of the last oceanfront sites available in Forest Dunes! This is a relatively large oceanfront lot which enables construction of a large residence and a swimming pool. The lot is served by a community sewer and city water. All utilities are available on site for hookup. The Beacon's Reach marina is directly across the street where you can dock your boat or enjoy the amenities that the Beacon's Reach association has to offer. The association offers a great amenity package of 3 Master Association Pools, Tennis Courts, Marina & Sound Access. Build your dream home and begin island living. Enjoy the beach during the day on the ocean side and go boating in the afternoon on the sound side. The relatively large size of this lot provides for a building site that is sufficient for a spacious residence with a swimming a pool and no limitation on the number of bedrooms due to the availability of the community sewer. Furthermore, the lots in Forest Dunes are subject to a higher building height limitation which allows for the construction of a 3-story residence that can capture the ocean views. The seller has a recent survey and has invested in a complete set of engineered plans to build a 3 story 5,000 sqft custom home with double decks and a swimming pool that will be conveyed with the sale at no additional cost. This is a turn-key lot. Bring your builder and break ground once you obtain the building permit.

Last Agent to Sell the Property

Mary Cheatham King

Keller Williams Crystal Coast Listed on: 04/16/2021

Keller Williams Crystal Coast

Last Buyer's Agent

Jackie Davidian

First Commercial Properties

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,291

Lot Details

  • 0.66 Acre Lot
  • 40 Feet of Waterfront
  • Ocean Front
  • Property fronts a private road
  • Lot Has A Rolling Slope
  • Wooded Lot

HOA Fees

  • $224 Monthly HOA Fees

Additional Features

  • Ocean Views
  • Accessible Ramps

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 634406396113000

Community Details

Overview

  • Master Insurance
  • Beacon's Reach Subdivision
  • Maintained Community
  • The community has rules related to deed restrictions

Recreation

  • Marina
  • Tennis Courts
  • Community Pool
  • Trails
  • Ocean Side of Freeway

Additional Features

  • Picnic Area
  • Resident Manager or Management On Site

Property Details

Property Type

Land

Est. Annual Taxes

$1,291

Lot Details

0

HOA Fees

$224 per month

Listing Details

  • Property Type: Land
  • Sub Type: Residential Land
  • Cobra Zone: No
  • Road Frontage Type: Ocean Front
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: None
  • Road Type Frontage: Paved, Private
  • Waterfront: Yes
  • Waterview: Yes
  • Total Road Frontage: 85
  • Water Frontage: 40.00

Utilities

  • Fuel Tank: None
  • Utilities: Community Sewer Available, Municipal Water Available, See Remarks

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Maint - Comm Areas, Maint - Roads, Management, Marina, Master Insure, Picnic Area, Pool, Ramp, Street Lights, Taxes, Tennis Court(s), Trail(s)
  • HOAAssociationFee1Year: 2685.00

Lot Info

  • Deed Page: 76.00
  • Lot Description: Subdivision, Wooded
  • Lot Dimensions: Survey and plat map under documents; back key lot
  • Lot Number: 9
  • Lot Sq Ft: 28739.00
  • Lot Water Features: Ocean Side
  • Plat Book: 25
  • Plat Page: 10
  • Special Assessments: 500
  • Zoning: Residential
  • Acres: 0.66
  • Deed Restriction: Yes
  • Environmental Hazard: Unknown
  • List Price per Acre: 1211969.70
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Rolling, Wooded
  • Lot Number2: 9
  • Lot View Type: Ocean View, Water View

Tax Info

  • Tax Identifier: 634406396113000
  • Tax Year: 2020
  • Deferred Taxes: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2021
Closed on
Sep 22, 2021
Sold by
Paul Hito Enton and Paul Aferdita
Bought by
Vahos David M and Vahos Alexa S
Seller's Agent
Mary Cheatham King
Keller Williams Crystal Coast
Buyer's Agent
Jackie Davidian
First Commercial Properties
List Price
$1,100,000
Sold Price
$775,000
Premium/Discount to List
-$325,000
-29.55%
Current Estimated Value
$777,660

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,660
Avg. Annual Appreciation
-1.63%

Purchase Details

Listed on
Jan 29, 2020
Closed on
Jul 6, 2020
Sold by
Galileo Galilei Llc
Bought by
Hito Enton Paul and Hito Aferdita
Seller's Agent
Mary Cheatham King
Keller Williams Crystal Coast
Buyer's Agent
Mary Cheatham King
Keller Williams Crystal Coast
List Price
$499,900
Sold Price
$410,000
Premium/Discount to List
-$89,900
-17.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
70.75%

Purchase Details

Closed on
May 16, 2012
Sold by
Medlin Seth O and Lucas Kathryn Jean
Bought by
Galileo Galilei Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
4.01%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 1, 2000

Purchase Details

Closed on
Apr 16, 1993
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
Vahos David M $775,000 Whaley Debra
Hito Enton Paul $410,000 None Available
Galileo Galilei Llc -- None Available
-- $189,000 --
-- $132,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Galileo Galilei Llc $275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2021 09/29/21 Sold $775,000 -3.1% --
09/03/2021 09/03/21 Pending -- -- --
08/19/2021 08/19/21 Price Changed $799,900 -11.1% --
05/13/2021 05/13/21 Price Changed $899,900 -10.0% --
05/03/2021 05/03/21 Price Changed $999,900 -9.1% --
04/16/2021 04/16/21 For Sale $1,100,000 +168.3% --
07/23/2020 07/23/20 Sold $410,000 -18.0% --
06/25/2020 06/25/20 Pending -- -- --
01/28/2020 01/28/20 For Sale $499,900 -- --
Source: Hive MLS

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 $1,291 $391,128 $391,128 $0
2023 $1,291 $391,128 $391,128 $0
2022 $1,291 $391,128 $391,128 $0
2021 $0 $391,128 $391,128 $0
2020 $1,291 $391,128 $391,128 $0
2019 $819 $264,132 $264,132 $0
2017 $819 $264,132 $264,132 $0
2016 $819 $264,132 $264,132 $0
2015 $792 $264,132 $264,132 $0
2014 $2,011 $670,359 $670,359 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100266805

Hive MLS

APN: 6344.06.39.6113000