NOT LISTED FOR SALE

8214 Caratoke Hwy Powells Point, NC 27966

Southern Currituck Neighborhood

Estimated Value: $126,000 - $414,000

1.46 Acres
$197,945 Price per Acre
63,598 Sq Ft Lot

Last Sold December 08, 2023

Last sale price $120,000

Est. 141% increase in value since last sale

Current estimated payment $1,647/month

85 Days on Market

About This Lot

As of December 2023

This unique land opportunity combines versatility, location, and potential. There are two contiguous lots ideally situated side by side with current zoning for agriculture but hold the key to unlocking unlimited possibilities. Each lot is 1.5 Acres, and the potential exists to be rezoned to general business. Just a short ride away from the captivating Outer Banks beaches, these lots enjoy the best of both worlds – a serene rural setting with swift access to the coastal beauty that attracts visitors from all over. The current agricultural zoning lays the groundwork for a multitude of possibilities. If rezoning was approved this opens an imaginative transformation into a dynamic hub of commercial activity to a multitude of ventures, from boutique shops and artisan markets to cafes and professional offices. Positioned in an area poised for continued growth and at the forefront of an impending wave of development. As the region continues to evolve, your investment is poised to flourish in sync with the rising tide of progress. Nestled in a strategic location, these Parcels benefit from large highway frontage, ensuring convenient connectivity for logistics and quick access to the Outer Banks for any Agricultural use, Single family home use or potential business usage that provides services to the beach. A premiere pass through for both local patrons and tourists drawn to the allure of the Outer Banks. Whether you're an entrepreneur with a visionary concept or an investor seeking to capitalize on the potential of an evolving market, these side-by-side lots offer a canvas of endless possibilities. Seize the chance to shape the future of this vibrant area, while enjoying proximity to the serene beauty of the Outer Banks. Each lot is level and cleared creating large value with less land planning. Don't miss out on this chance to secure your place in a burgeoning business landscape. Contact us today to explore the myriad of possibilities these lots have to offer. Lots sold separately at 149,900 or together at 299,800. *Note: Rezoning/conditional use is subject to local regulations and approvals. Buyers are advised to perform their own due diligence regarding property development and zoning changes.* Adjacent parcel available as well at 0 Caratoke Highway. Per Currituck County Water Department, no record on file for this parcel. Development fee for a 3/4" meter is $5,279.

Last Listed By

Shane Collins

Outer Banks Blue Realty Srvcs. License #271508 Listed on: 08/23/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $404

Year Built

  • 1906

Lot Details

  • 1.46 Acre Lot
  • Level Lot
  • Cleared Lot
  • Property is zoned AG

Utilities

  • Municipal Utilities District Water
  • Private or Community Septic Tank

Property Details

Property Type

Land

Est. Annual Taxes

$404

Year Built

1906

Lot Details

0

Listing Details

  • Class: LOTS/LAND
  • Directions: In Powells Point, on west side of Caratoke Highway, between Pinewood Acres Drive and N Spot Road.
  • Flood Zone: X
  • Headline: Prime Side-by-Side Lots
  • L V T Date: 08/23/2023
  • Roads: Public, Paved
  • Sale/Rent: For Sale
  • Zoning: AG
  • Deed Book Pg Number: 647
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C15771
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 1906

Exterior Features

  • Street Frontage: 210

Utilities

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

Lot Info

  • Estimated Lot Sq Ft: 63815
  • Lot Description: Level, Cleared
  • Lot Faces: E
  • Lot Size: ~210 x ~305
  • Estimated Lot Size: 1.46
  • Deed Book: 1709
  • Unit/Lot Number: Lot #Tract 2

Tax Info

  • Year: 2023
  • Taxes: 404.32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2023
Closed on
Nov 30, 2023
Sold by
Twr Real Estate Llc
Bought by
Pintor Ciro Monica and Pintor Julian Monica
Seller's Agent
Shane Collins
Outer Banks Blue Realty Srvcs.
Buyer's Agent
Adam Burkhimer
Outer Banks Blue Realty Srvcs.
List Price
$149,900
Sold Price
$120,000
Premium/Discount to List
-$29,900
-19.95%
Total Days on Market
85
Views
28
Current Estimated Value
$289,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,000
Avg. Annual Appreciation
89.43%

Purchase Details

Closed on
Sep 2, 2022
Sold by
Branch And Bailey Llc
Bought by
Twr Real Estate Llc

Purchase Details

Closed on
Dec 6, 2017
Sold by
Olsen Clark Schweigaard and Olsen Carol W
Bought by
Brooke And Bailey Llc

Purchase Details

Closed on
Apr 9, 2010
Sold by
Harrell Benjamin Carlton and Harrell Audrey Tarkenton
Bought by
Olsen Clark Schweigaard and Olsen Carol W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
4.94%
Mortgage Type
Seller Take Back

Range of Values:

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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
Pintor Ciro Monica $240,000 None Listed On Document
Twr Real Estate Llc -- --
Brooke And Bailey Llc $157,500 None Available
Olsen Clark Schweigaard $145,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olsen Clark Schweigaard $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2023 12/08/23 Sold $120,000 -19.9% --
11/16/2023 11/16/23 Pending -- -- --
08/23/2023 08/23/23 For Sale $149,900 -- --
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 $448 $72,200 $72,200 $0
2023 $448 $72,200 $72,200 $0
2022 $332 $72,200 $72,200 $0
2021 $332 $54,500 $54,500 $0
2020 $262 $54,500 $54,500 $0
2019 $646 $103,400 $54,500 $48,900
2018 $0 $103,400 $54,500 $48,900
2017 $610 $103,400 $54,500 $48,900
2016 $610 $103,400 $54,500 $48,900
2015 $610 $103,400 $54,500 $48,900
Source: Public Records

Agents Affiliated with this Home

  • Shane Collins

    Seller's Agent in 2023

    Shane Collins

    Outer Banks Blue Realty Srvcs.

    (252) 202-1193

    25 in this area

    236 Total Sales

    Shane Collins
    Section Image
  • Adam Burkhimer

    Buyer's Agent in 2023

    Adam Burkhimer

    Outer Banks Blue Realty Srvcs.

    (866) 340-1166

    4 in this area

    27 Total Sales

    Adam Burkhimer
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 123202

Outer Banks Association of REALTORS®

APN: 0123-000-0082-0000

North Carolina Currituck County Powells Point 27941 Southern Currituck

8214 Caratoke Hwy, Powells Point, NC

Homes for Sale in Powells Point, NC

This home is located at 8214 Caratoke Hwy, Powells Point, NC 27966 since 23 August 2023 and is currently estimated at $289,000. This property was built in 1906. 8214 Caratoke Hwy is a home located in Currituck County with nearby schools including Jarvisburg Elementary School, Currituck County Middle School, and Currituck County High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Outer Banks Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.