NOT LISTED FOR SALE

605 Canal Dr Kill Devil Hills, NC 27948

Estimated Value: $789,000 - $903,000

5 Beds
3.5 Baths
4,660 Sq Ft
$180/Sq Ft Est. Value

Last Sold January 18, 2013

Last sale price $165,000 $35 Per Sq Ft

Est. 410% increase in value since last sale

Current estimated payment $4,751/month

52 Days on Market

About This Home

As of January 2013

This home is huge with 4,660 square feet plus an enclosed Florida room. The ground floor has an in law suite with a living room and wood burning fire place, kitchen full bathroom and bedroom. The remainder of the first floor has a dining room, living room with wood floors and wood burning fireplace, family room, laundry room with a connected half bath, 3 bedrooms, one of which is a master and another full bathroom off the hallway. Upstairs has two bedroom with their own balcony, a full bathroom, and an office, the attic has been finished to include a bonus bedroom, full bathroom and a kitchenette. This very large homes sits on 0.44 acres with a canal and dock, lots of room on your lot for boat storage or a large garden on the large private southern canal front portion of this lot.

Last Agent to Sell the Property

Andy Tucker

Beach House Brokers, LLC License #249929 Listed on: 11/19/2012

Co-Listed By

Johanna Tucker

OBX Surf Realty, LLC License #246978

Last Buyer's Agent

Pete Salitore

Default, Office License #180349

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,992

Year Built

  • Built in 1978

Lot Details

  • Home fronts a canal

Home Design

  • 4,660 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms

Community Details

  • First Flt Vill Subdivision

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Tax Lot 38 & 39

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,992

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Bank Owned: Yes
  • Heated Sq Ft: 4660
  • Sale/Rent: For Sale
  • Waterfront Location: Canalfront
  • Zoning: Res
  • Deed Book Pg Number: 0094
  • Special Features: 20
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Full Bathrooms: 3
  • Partial Bathrooms: 1

Lot Info

  • Lot Number: Lot 38 & 39
  • Deed Book: 1903

Rental Info

  • Est Annual Rental Income: 28800
  • Estimated Rental Performance: 0.1745
  • Other Expenses: 167200

Building Info

  • Year Built: 1978

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2012
  • Taxes: 1992.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2012
Closed on
Jan 16, 2013
Sold by
The Bank Of New York Mellon
Bought by
Lamb Paul B and Williams Donna D
Seller's Agent
Andy Tucker
Beach House Brokers, LLC
Buyer's Agent
Pete Salitore
Default, Office
List Price
$230,000
Sold Price
$165,000
Premium/Discount to List
-$65,000
-28.26%
Current Estimated Value
$841,098

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$676,098
Avg. Annual Appreciation
13.40%

Purchase Details

Closed on
Jun 4, 2012
Sold by
Hussain Ahmed Lateef
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Mar 21, 2006
Sold by
Rafino Chadman A
Bought by
Hussain Ahmed Lateef

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
7.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Lamb Paul B $990,000 None Available
The Bank Of New York Mellon $243,105 None Available
Hussain Ahmed Lateef -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hussain Ahmed Lateef $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/18/2013 01/18/13 Sold $165,000 -28.3% $35 / Sq Ft
01/10/2013 01/10/13 Pending -- -- --
11/19/2012 11/19/12 For Sale $230,000 -- $49 / 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
2025 $4,141 $762,300 $202,800 $559,500
2024 $3,709 $490,900 $96,300 $394,600
2023 $3,709 $490,900 $96,300 $394,600
2022 $3,537 $490,900 $96,300 $394,600
2021 $3,537 $490,900 $96,300 $394,600
2020 $3,537 $490,900 $96,300 $394,600
2019 $3,121 $358,700 $96,400 $262,300
2018 $3,052 $358,700 $96,400 $262,300
2017 $3,052 $358,700 $96,400 $262,300
2016 $2,909 $358,700 $96,400 $262,300
2014 $2,801 $358,700 $96,400 $262,300
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2013

    Andy Tucker

    Beach House Brokers, LLC

    (252) 202-7873

    5 in this area

    57 Total Sales

    Andy Tucker
    Section Image
  • Johanna Tucker

    Seller Co-Listing Agent in 2013

    Johanna Tucker

    OBX Surf Realty, LLC

    (252) 202-7675

    4 in this area

    42 Total Sales

    Johanna Tucker
    Section Image

  • P

    Buyer's Agent in 2013

    Pete Salitore

    Default, Office

See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 76981

Outer Banks Association of REALTORS®

APN: 003325000

North Carolina Dare County Kill Devil Hills 27948

605 Canal Dr, Kill Devil Hills, NC

Not Listed for Sale

Detached

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