NOT LISTED FOR SALE

99 Cedar Rd Ocracoke, NC 27960

Estimated Value: $303,000 - $568,115

2 Beds
1 Bath
880 Sq Ft
$565/Sq Ft Est. Value

Last Sold December 04, 2015

Last sale price $260,000 $295 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $3,002/month

1,215 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Coastal Architecture
  • Furnished
  • Ocracoke School Rated 9+
  • Wood Flooring
  • Screened Porch

About This Home

As of December 2015

Well maintained 1-story home on a double lot (100 x 100). Now a weekly rental but would be an exceptional year-round home (very private setting on a dead-end road w/mature trees, a large grass yard & vibrant bird-life). The large L-shaped screened porch is perfect for relaxing, entertaining, outside dining & bird watching. Exterior of original home is hard cedar lap siding, the addition (built in 1999) is cedar shakes. Wood flooring in L/R, bedrooms & sunroom; vinyl in bath & kitchen. Anderson windows, central heat & A/C, updated kitchen & bath remodeled in 2014. This home is currently rented for July and August only, additional rental income can be expected with an extension of the rental seasons. Call an agent for more details!

Last Agent to Sell the Property

Martha Garrish

Village Realty Holdings dba Ocracoke Island Realty License #148274 Listed on: 06/17/2012

Last Buyer's Agent

BJ Oelschlegel

Ocracoke's Lightship Realty License #84547

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,432

Year Built

  • Built in 1964

Lot Details

  • 10,000 Sq Ft Lot
  • Lot Dimensions are 100 x 100
  • 100 Feet of Waterfront
  • Level Lot
  • Property is zoned Mixed

Home Design

  • Coastal Architecture
  • Ranch Style House
  • Beach Box Architecture
  • Frame Construction
  • Lap Siding

Interior Spaces

  • 880 Sq Ft Home
  • Furnished
  • Window Treatments
  • Screened Porch
  • Fire and Smoke Detector
  • Stacked Washer and Dryer

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • Unpaved Parking
  • Off-Street Parking

Pool

  • Outdoor Shower

Utilities

  • Central Heating and Cooling System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Community Details

  • Built by refurbished in 1999
  • R.S. Wahab Silver Lake And Beach Subdivision

Listing and Financial Details

  • Legal Lot and Block 101, 102 / F

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,432

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Beach Box, Ranch, Coastal
  • Extras: Outside Shower, Screened Porch, Smoke Detector(s)
  • Flood Zone: AE
  • Headline: Well maintaned & very private
  • Heated Sq Ft: 880
  • Sale/Rent: For Sale
  • Unheated Lvarsf: 49
  • Zoning: Mixed
  • Deed Book Pg Number: 858
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator, Stackable Washer/Dryer
  • Bedrooms: 2
  • Bedroom 1: 9.3x11.3, On Level: 1
  • Bedroom 2: 9.3x11.3, On Level: 1
  • Kitchen: 11.5x8.3, On Level: 1
  • Floor Coverings: Vinyl, Hardwood
  • Full Bathrooms: 1
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Dryer Connection
  • Living Room: 13.8x9.3, On Level: 1

Exterior Features

  • Homebuilder: refurbished in 1999
  • Construction: Frame, Wood
  • Exterior: Lap Siding
  • Screen Porch Size: 293 sq. ft
  • Street Frontage: 100
  • Water Frontage: 100

Garage/Parking

  • Parking: Off Street, Unpaved

Utilities

  • Cooling: Central
  • Heating: Central, Electric
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Lot Info

  • Estimated Lot Sq Ft: 10000
  • Lot Description: Level
  • Lot Size: 100 x 100
  • Lot Number: Lot 101, 102
  • Deed Book: 115

Rental Info

  • Est Annual Rental Income: 7755
  • Estimated Rental Performance: 0.0298
  • Other Expenses: 272000
  • Rental Co: Ocracoke Island Realty
  • Rental Cottage Name: Birdland
  • Rental Cottage Number: IR01
  • Rental Phone Number: 252-928-6261
  • Rental Turnover Day: Sat

Building Info

  • Year Built: 1964

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2014
  • Taxes: 2432

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2012
Closed on
Dec 3, 2015
Sold by
Koehler David H and Koehler Karen Eilen
Bought by
Thomas Bennett A and Thomas Elizabeth T
Seller's Agent
Martha Garrish
Village Realty Holdings dba Ocracoke Island Realty
Buyer's Agent
BJ Oelschlegel
Ocracoke's Lightship Realty
List Price
$425,000
Sold Price
$260,000
Premium/Discount to List
-$165,000
-38.82%
Current Estimated Value
$497,529

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$237,529
Avg. Annual Appreciation
6.66%
Original Mortgage
$260,000
Outstanding Balance
$108,341
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$389,188

Purchase Details

Closed on
Oct 1, 1981
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Thomas Bennett A $260,000 None Available
-- $40,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas Bennett A $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2015 12/04/15 Sold $260,000 -38.8% $295 / Sq Ft
10/15/2015 10/15/15 Pending -- -- --
06/17/2012 06/17/12 For Sale $425,000 -- $483 / 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 $4,736 $0 $0 $0
2023 $1,641 $252,876 $110,000 $142,876
2022 $1,437 $157,032 $110,000 $47,032
2021 $1,280 $0 $0 $0
2020 $1,241 $157,032 $110,000 $47,032
2019 $2,184 $276,469 $110,000 $166,469
2018 $2,156 $276,469 $110,000 $166,469
2017 $2,432 $374,154 $272,000 $102,154
2016 $2,432 $374,154 $272,000 $102,154
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2012 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Martha Garrish

    Village Realty Holdings dba Ocracoke Island Realty

    (252) 921-0125

    105 in this area

    109 Total Sales

    Martha Garrish
    Section Image

  • B

    Buyer's Agent in 2015

    BJ Oelschlegel

    Ocracoke's Lightship Realty

    (252) 996-0573

    29 in this area

    32 Total Sales

    BJ Oelschlegel
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 75266

Outer Banks Association of REALTORS®

APN: 9500384006

North Carolina Hyde County Ocracoke 27960

99 Cedar Rd, Ocracoke, NC

Not Listed for Sale

Detached

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