NOT LISTED FOR SALE

8 Hammock Dr Manteo, NC 27954

Estimated Value: $923,494 - $1,104,000

0.26 Acre
$3,903,362 Price per Acre
11,326 Sq Ft Lot

Last Sold January 29, 2021

Last sale price $144,000

Est. 605% increase in value since last sale

Current estimated payment $6,003/month

1,204 Days on Market

Highlights

  • Gated Community
  • Community Pool
  • Tennis Courts
  • Home fronts a canal

About This Lot

As of January 2021

Located in the gated community of Pirate's Cove, this .26 acre lot is ready for construction and conveys a 55FT boat dock to qualified boat owners. Bulkheaded and canalfront, this premiere lot is nestled in the Hammock Village subdivision and offers gorgeous sunset views to a potential homeowner. Golf-cart friendly, the Pirate's Cove community amenities include: swimming pools, tennis courts, clubhouse, fitness center, on-site restaurant, world-class fishing marina and 4 miles of perimeter docking perfect for walking or fishing. Prime opportunity for a potential investment property or second home, this lot location is only minutes from the beach and local attractions.

Last Agent to Sell the Property

Elizabeth Cloninger

Pirates Cove Realty License #270965 Listed on: 07/26/2017

Pirates Cove Realty

Last Buyer's Agent

Audra Shackelford

The Shackelford Group License #214431

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,616

Lot Details

  • 0.26 Acre Lot
  • Home fronts a canal
  • Property fronts a private road
  • Cleared Lot

HOA Fees

  • $175 Monthly HOA Fees

Additional Features

  • Canal Views
  • Municipal Utilities District for Water and Sewer

Community Details

Overview

  • Association fees include management, pool, road maintenance, security, sewer/septic, tennis courts, walkways
  • Renee Parrish Association, Phone Number (252) 473-6800
  • Pc Hammock Village Subdivision

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Additional Features

  • Common Area
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$1,616

Lot Details

0

HOA Fees

$175 per month

Listing Details

  • Class: LOTS/LAND
  • Directions: Enter Pirate's Cove, thru guard gate, left on Hammock Drive and left into Hammock Village. Lot located on the left.
  • Flood Zone: AE
  • Headline: Bulkheaded Lot & 55FT Slip
  • L V T Date: 07/26/2017
  • Roads: Private, Paved
  • Sale/Rent: For Sale
  • Waterfront Location: Canalfront
  • Zoning: Res
  • Deed Book Pg Number: 0490
  • Major Subdivision: Pirates Cove
  • Office License Number: C20146
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Canal

Utilities

  • Sewer/Septic System: Municipal Sewer
  • Water: Municipal
  • Electric: Available

Condo/Co-op/Association

  • Association Amenities: Boat Dock, Gated Community, Outdoor-Comm. Tennis, Outdoor-Comm. Pool, Playground, Sound Access, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 2100
  • Hoa Contact: Renee Parrish
  • HOA Contact: 252-473-6800
  • Fee Includes: Management, Pool, Road Maintenance, Security, Sewer/Septic, Tennis Courts, Walkways

Lot Info

  • Estimated Lot Sq Ft: 11500
  • Lot Description: Bulkheaded, Water Frontage, Cleared
  • Estimated Lot Size: 0.26
  • Deed Book: 1375
  • Unit/Lot Number: Lot 8

Tax Info

  • Year: 2016
  • Taxes: 1616

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2017
Closed on
Jan 26, 2021
Sold by
Espich William A and Espich Jimmie P
Bought by
Belton Steven Joseph and Belton Sara Beth
Seller's Agent
Elizabeth Cloninger
Pirates Cove Realty
Buyer's Agent
Audra Shackelford
The Shackelford Group
List Price
$175,000
Sold Price
$144,000
Premium/Discount to List
-$31,000
-17.71%
Current Estimated Value
$1,014,874

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$870,874
Avg. Annual Appreciation
51.24%
Original Mortgage
$465,600
Outstanding Balance
$415,257
Interest Rate
2.67%
Mortgage Type
Construction
Estimated Equity
$599,617
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
Belton Steven Joseph $144,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Belton Steven Joseph $465,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/29/2021 01/29/21 Sold $144,000 -12.7% --
11/11/2020 11/11/20 Pending -- -- --
07/28/2018 07/28/18 Price Changed $165,000 -5.7% --
07/26/2017 07/26/17 For Sale $175,000 -- --
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 $5,551 $1,054,900 $350,800 $704,100
2024 $4,398 $570,700 $161,000 $409,700
2023 $2,286 $585,700 $161,000 $424,700
2022 $4,369 $585,700 $161,000 $424,700
2021 $1,201 $161,000 $161,000 $0
2020 $1,201 $161,000 $161,000 $0
2019 $1,697 $202,000 $202,000 $0
2018 $0 $202,000 $202,000 $0
2017 $1,697 $202,000 $202,000 $0
2016 $1,616 $202,000 $202,000 $0
2014 $1,896 $202,000 $202,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 97237

Outer Banks Association of REALTORS®

APN: 025694208