NOT LISTED FOR SALE

Estimated Value: $2,110,000 - $3,250,000

10 Beds
13 Baths
12,042 Sq Ft
$215/Sq Ft Est. Value

Last Sold January 06, 2014

Last sale price $5,000,000 $415 Per Sq Ft

Est. 50% decrease in value since last sale

Current estimated payment $14,713/month

226 Days on Market

Highlights

  • Beach Front
  • Boat Dock
  • Heated Indoor Pool
  • Ocean View
  • Health Club
  • Rooftop Deck

About This Home

As of January 2014

Classic Design with superior finishes in this spectacular Coastal Retreat situated in Palmers Island. This home is unlike anything you have seen. Thoughful design and quality radiate throughout this home. Projection for over $445,935 from Twiddy. Featuring 10 bedrooms, 9 full and 4 half baths. The main home offers 7 bedrooms, 3 car garage and boat house. The guest home features 3 bedrooms and a 2 car garage. This exceptional property is situated on over two acres of Oceanfront property and has unobstructed views of the Ocean and Sound. From sunrise to sunset, this home will inspire even the most discriminating buyer. Boasting cathedral ceilings, Hardwood floors, Terracotta and ceramic tiles and superb views of the water from ocean to sound. Unique features include the rooftop decks with panoramic sound and ocean views on both the main and guest homes. Perfect for sunrise and sunset. In addition, the estate offers 2 elevators, private office, butler’s pantry, recreation room and cabana room for ease of beach and pool enjoyment. Boat house, screened porches, central vac, three laundry rooms. Currently used as a second home. Rental projections and expense information available. Palmer's Island is centered on the decommissioned Caffey's Inlet Life Saving Station which now houses the Sanderling Inn Restaurant. This lovely area, abounding in vegetation, is a dedicated bird sanctuary. Along with the quiet natural beauty, wildlife enthusiasts will delight in the nature trails for bird watching and fresh-air adventures!

Last Agent to Sell the Property

Whitney Hawkins

Brindley Beach Vacations & Sal License #187617 Listed on: 04/16/2013

Brindley Beach Vacations & Sal

Co-Listed By

Winston Hawkins

Brindley Beach Vacations & Sal License #188274

Last Buyer's Agent

Lilias Morrison

Real Escapes Properties License #041243

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,250

Year Built

  • Built in 1998

Lot Details

  • 2.4 Acre Lot
  • Beach Front
  • Property fronts a private road
  • Cul-De-Sac
  • Landscaped
  • Level Lot
  • Sprinkler System

HOA Fees

  • $318 Monthly HOA Fees

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Wood Shingle Roof
  • Wood Siding
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 12,042 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Bay Window
  • Entrance Foyer
  • Library
  • Game Room
  • Screened Porch
  • Dryer

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Wine Cooler
  • Granite Countertops
  • Compactor
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • En-Suite Primary Bedroom
  • Cedar Closet
  • Walk-In Closet

Home Security

  • Home Security System
  • Intercom
  • Fire and Smoke Detector

Parking

  • Garage
  • Carport
  • Garage Door Opener
  • Off-Street Parking

Pool

  • Heated Indoor Pool
  • Concrete Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Rooftop Deck
  • Covered Deck
  • Patio
  • Exterior Lighting

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Listing and Financial Details

  • Tax Lot 14 & 15

Community Details

Overview

  • Built by Stormont
  • Palmer's Island Subdivision

Amenities

  • Clubhouse

Recreation

  • Boat Dock
  • Community Boardwalk
  • Health Club
  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,250

Year Built

Built in 1998

Lot Details

0

HOA Fees

$318 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Nags Head, Coastal
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Elevator, Garage Door Opener, Hot Tub, Intercom, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Patio, Screened Porch, Security System, Smoke Detector(s), Steam Room, Sun Deck, Roof Top Deck
  • Headline: 2 LOTS! $445,935 projection
  • Heated Sq Ft: 12042
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 0535
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Compactor, Disposal, Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator w/Ice Maker, 2nd Dishwasher, 2nd Refrigerator, Wine Cooler
  • Bedrooms: 10
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Tile, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 9
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Bay/Bow Window, Beamed Ceiling(s), Cathedral Ceiling(s), Cedar Closet(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Walk in Closet, Washer Connection, Wet Bar
  • Optional Rooms: Breakfast Nook, Foyer, Game Room, Library/Study, Office, Pantry
  • Partial Bathrooms: 4

Exterior Features

  • Homebuilder: Stormont
  • Construction: Frame
  • Exterior: Shakes, Wood
  • Pool: Yes
  • Pool Type: Indoor, Outdoor, Concrete, Heated
  • Roof: Wood Shingles
  • View: Ocean, Sound

Garage/Parking

  • Garage: 3 + Car, Attached
  • Garage Sq Ft: 1602
  • Parking: Off Street

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Boat Ramp, Clubhouse, Health Club, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Sound Access
  • Association Fee: Yes
  • Estimated Annual Fee: 3820
  • Home Owner Dwelling Insurance: 6597

Lot Info

  • Estimated Lot Sq Ft: 104544
  • Lot Description: Beach Frontage, Cul-de-sac, Level, Water Frontage
  • Lot Number: Lot 14 & 15
  • Deed Book: 0706

Rental Info

  • Est Annual Rental Income: 445935
  • Estimated Rental Performance: 0.0892
  • Flood Expenses: 1800
  • Poolspa Expense: 1900
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 1260
  • Annual Electric: 6352
  • Annual Telephone Expense: 960
  • Annual Water Expense: 1925

Building Info

  • Year Built: 1998

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2010
  • Taxes: 27250

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2013
Closed on
Jan 6, 2014
Sold by
Hall Patsi F and Wesley Hall J
Bought by
Buclez Francois and Buclez Julie
Seller's Agent
Whitney Hawkins
Brindley Beach Vacations & Sal
Buyer's Agent
Lilias Morrison
Real Escapes Properties
List Price
$5,997,500
Sold Price
$5,000,000
Premium/Discount to List
-$997,500
-16.63%
Current Estimated Value
$2,485,042

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,514,958
Avg. Annual Appreciation
-5.54%
Source: Public Records

Range of Values:

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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
Buclez Francois $5,000,000 Lt
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2014 01/06/14 Sold $5,000,000 -16.6% $415 / Sq Ft
11/28/2013 11/28/13 Pending -- -- --
04/16/2013 04/16/13 For Sale $5,997,500 -- $498 / 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 $9,462 $1,431,000 $897,000 $534,000
2023 $9,012 $1,452,360 $897,000 $555,360
2022 $8,649 $1,393,912 $897,000 $496,912
2021 $8,649 $1,393,912 $897,000 $496,912
2020 $8,266 $1,384,760 $897,000 $487,760
2019 $8,777 $1,238,600 $752,400 $486,200
2018 $8,851 $1,246,400 $752,400 $494,000
2017 $8,660 $1,246,400 $752,400 $494,000
2016 $8,135 $1,246,400 $752,400 $494,000
2014 $7,977 $1,246,400 $752,400 $494,000
Source: Public Records

Agents Affiliated with this Home

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Source: Outer Banks Association of REALTORS®

MLS Number: 78676

Outer Banks Association of REALTORS®

APN: 028812020