NOT LISTED FOR SALE

701 Teakwood Ln Kill Devil Hills, NC 27948

Estimated Value: $506,172 - $572,000

2 Beds
2 Baths
1,380 Sq Ft
$391/Sq Ft Est. Value

Last Sold May 26, 2023

Last sale price $375,000 $272 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $3,146/month

50 Days on Market

Highlights

  • Views of a Sound
  • A-Frame Home
  • Cathedral Ceiling
  • First Flight Middle School Rated A-
  • Wooded Lot
  • Wood Flooring

About This Home

As of May 2023

Very open floor plan layout with many windows allowing in the great outdoors! As you enter from the carport, one will notice all of the storage, shelving, and envision the options for this space! There is also a bedroom on this level. Continue up the stairs to find a large foyer with washer and dryer behind louvered doors. The open kitchen, dining and living areas are inviting, and this level also offers a bedroom and bathroom. The top level is accessed by open riser stairs to a loft sitting/working/ exercising nook before entering the large bedroom with bathroom. Explore all of the options that this home provides.

Last Agent to Sell the Property

Myra Ladd-Bone

Joe Lamb, Realty License #99435 Listed on: 02/21/2023

Co-Listed By

Barbara Gudoski

Atlantic Realty License #104070

Last Buyer's Agent

Mark Pearson

Real Broker, LLC License #224976

Real Broker, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,218

Year Built

  • Built in 1995

Lot Details

  • 8,000 Sq Ft Lot
  • Fenced Yard
  • Corner Lot
  • Level Lot
  • Wooded Lot
  • Property is zoned RL

Home Design

  • A-Frame Home
  • Traditional Architecture
  • Cottage
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Piling Construction

Interior Spaces

  • 1,380 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Views of a Sound

Kitchen

  • Oven or Range
  • Plumbed For Ice Maker
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

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

Utilities

  • Heat Pump System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Community Details

  • The Landing Subdivision

Listing and Financial Details

  • Tax Lot 158

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,218

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: A-Frame, Traditional, Cottage
  • Directions: West on First Street by Publix. Follow west past Oyster Point. Continue to Teakwood Lane, turn right and then left into driveway.
  • Extras: Ceiling Fan(s), Fenced Yard, Dry Entry
  • Flood Zone: X
  • Headline: A Hidden Gem in KDH!
  • Heated Sq Ft: 1380
  • L V T Date: 02/21/2023
  • Primary Residence: Yes
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 3
  • Zoning: RL
  • Deed Book Pg Number: 0775
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C29710
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Range/Oven, Refrigerator, Washer
  • Bedrooms: 2
  • Countertops: Laminate
  • Floor Coverings: Carpet, Vinyl, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 2
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Ice Maker Connection, Washer Connection, Wood Fireplace

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Wood
  • Roof: Asphalt/Fiber Shingle
  • View: Sound

Garage/Parking

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

Utilities

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

Lot Info

  • Estimated Lot Sq Ft: 8000
  • Lot Description: Corner, Level, Wooded
  • Lot Number: Lot 158
  • Estimated Lot Size: 0.18
  • Deed Book: 1006

Building Info

  • Year Built: 1995

Tax Info

  • Year: 2022
  • Taxes: 2217.7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2023
Closed on
May 24, 2023
Sold by
Hemmis Nancy Kenyon
Bought by
Dellavalle Richard and Dellavalle Brenda
Seller's Agent
Myra Ladd-Bone
Joe Lamb, Realty
Buyer's Agent
Mark Pearson
Real Broker, LLC
List Price
$429,000
Sold Price
$375,000
Premium/Discount to List
-$54,000
-12.59%
Views
154
Current Estimated Value
$539,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,043
Avg. Annual Appreciation
17.76%
Original Mortgage
$356,250
Outstanding Balance
$346,409
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$192,634
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
Dellavalle Richard $2,250,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dellavalle Richard $356,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2023 05/26/23 Sold $375,000 -12.6% $272 / Sq Ft
04/12/2023 04/12/23 Pending -- -- --
04/07/2023 04/07/23 For Sale $429,000 0.0% $311 / Sq Ft
03/02/2023 03/02/23 Pending -- -- --
02/21/2023 02/21/23 For Sale $429,000 -- $311 / 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 $2,325 $307,800 $89,000 $218,800
2023 $2,325 $307,800 $89,000 $218,800
2022 $2,218 $307,800 $89,000 $218,800
2021 $2,218 $307,800 $89,000 $218,800
2020 $2,218 $307,800 $89,000 $218,800
2019 $1,931 $222,000 $70,400 $151,600
2018 $1,889 $222,000 $70,400 $151,600
2017 $1,889 $222,000 $70,400 $151,600
2016 $1,800 $222,000 $70,400 $151,600
2014 $1,734 $222,000 $70,400 $151,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 121489

Outer Banks Association of REALTORS®

APN: 003663000