Shore Realty Outer Banks Home Sales

Listing Details For 40471 Ocean Isle Loop in Avon


MLS #: 86788
40471 Ocean Isle Loop
Avon, NC 27915
Selling Price: $807,500
Asking Price: $849,000
Closing Date: 4/27/2015
Status: Sold CO OP by Member
Status Date: 4/28/2015



Listing Information

Headline$105,855 booked 2015! 12.4%!!
AreaAvon Oceanside
Beds7
Full Baths7
Partial Baths2
Asking Price$849,000
Price Date4/28/2015
Original Asking Price$849,000
Price Per Square Foot$214
Days On Market74
Cumulative Days On Market285
Days On MLS73
Cumulative Days On MLS284
Listing Date2/12/2015
Listing TypeExclusive Right Sell
Input Date Date2/13/2015
Update Date4/28/2015 1:40:00 PM
Sale Or RentFor Sale
OwnershipO
Primary Residence Y/NN

Building Details

TypeSingle Family - Detached
ClassRESIDENTIAL
StyleReverse Floor Plan,Coastal,Cottage
Year Built2002
Heated Living Area3962
Air ConditoningCentral,Heat Pump
HeatingCentral,Heat Pump
AppliancesDishwasher,Dryer,Microwave,Range/Oven,Refrigerator w/Ice Maker,Washer,2nd Dishwasher,2nd Refrigerator
GarageCarport
Interior Features9' Ceilings,All Window Treatments,Cathedral Ceiling(s),Gas Fireplace,Master Bath,Pantry,Wet Bar
CountertopsSilestone
ExtrasBeach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Elevator,Fenced Yard,Hot Tub,Jet Tub,Landscaped,Lawn Sprinklers,Outside Shower,Security System,Tiki Bar
Floor CoveringsCarpet,Ceramic Tile,Wood,Hardwood
AppliancesDishwasher,Dryer,Microwave,Range/Oven,Refrigerator w/Ice Maker,Washer,2nd Dishwasher,2nd Refrigerator
ConstructionFrame,Wood
RoofAsphalt/Fiber Shingle
Pool Y/NYes
Pool TypeOutdoor,In Ground,Gunite,Custom,Heated
ExteriorCement Fiber Board
FoundationPiling,Slab
Optional RoomsGame Room,Loft,Media Room

Lot Details & Legal Description

Address40471 Ocean Isle Loop
SubdivisionOcean Isle Esta
Full Subdivision NameOcean Isle Estates
CountyDare
CityAvon
StateNC
Zip27915
Deed Page0456
Deed Book1558
Doc Timestamp3/9/2015 7:02:00 PM
Pin Number064018226289
Tax Database ID4
Tax Property ID064018226289
Lot Square Feet15000
View DescriptionOcean
Distance To Water3 - lots from o
Zoningres
Flood ZoneAE
ParkingUnder
RoadsPaved
Association AmenitiesOcean Access

Property Expense & Utilities

If the seller of this property located at 40471 Ocean Isle Loop in Avon has provided the expenses, you will see them below, as provided by the listing agent. If there are no expenses listed, give Shore Realty of the OBX a call and let us do the research for you. It helps to know! Local 252-441-3416 or 800-647-1868. OBX Local experts here to help you!

Association Fee Y/NNo
Tax Year2014
Property Taxes$4,460
Flood Insurance$967
Hazard Insurance$7,363
Water SourceMunicipal
Septic Disposal SystemPrivate Septic,Non Conventional Septic

Financial's

Rental Cottage NameTommy Bahama Home
Rental Turnover DaySat
Finance OptionsCash,Conventional
Furniture Available ?Yes
Bill Of Sale?Yes
Furniture Price/Bill Of Sale Amount$1
PossessionAt Closing
Potential Short Sale Y/NNo
Bank Owned Y/NNo
Associated Document Count7

Rental Income

This section will only apply to homes already in a some type of rental program. If the property located at 40471 Ocean Isle Loop is used as a vacation rental home or as a year round rental, you will see the income listed below if provided by the seller's agent. A lack of rental numbers does not necessarily mean the property is not rented out. For more call 800-647-1868 and we can get you the actual rental numbers.

Yearly Income Actual/EstimatedActual
Gross Annual Rental Income$97,785
Gross Income 2013 $$106,225
Gross Income Year To Date$102,899

Listing Agent Remarks

Price $849,000, with $105,855k on the books for 2015, available to the buyer with no winter carrying costs. That's a 12.4% rental ratio!! All that with a high quality, good condition, upscale home. The 'Tommy Bahama Home' offers a great vacation home design / floorplan, upscale high quality finishes throughout, amazing outdoor entertaining areas, elevator, and super consistent high rental income to create an great rental ratio and positive cash flow! Attractive design features large rec room with custom kitchenette & pool table, mid level media / sitting room, bright and open great room with custom built-in's, large custom kitchen with multiple appliances, loft, elevator, and 7 true master bedrooms. High end finishes include Silistone counter tops in kitchen and rec room, oak hardwood floors, high quality cabinetry and vanities, custom tile showers, flooring & tile wainscoting, custom baths, vanities, hand painting, unique tile backsplash, etc, etc, etc. Add to all this amazing outdoor entertaining areas; featuring quality Tiki Bar with stone and tile, custom heated concrete pool with Palm Tree design & waterfall, recessed stainless steel / tiled hot tub with stone surround, fire pit for evening gatherings, all beautifully landscaped in tropical theme. Located in safe location, with ocean views and direct access to wide open beaches. Fully furnished with no exclusions. Families love this home, as indicated by a proven track record of high rental income, creating the best rental ratio you can find. Act now to capture in place 2015 income and low interest rates!

Directions

Official MLS Disclaimer

The data relating to real estate for sale on this web site comes from the Broker Reciprocity Program of the Outer Banks Association of REALTORS. This property located at 40471 Ocean Isle Loop in Avon is provided courtesy of Mark Massey of Resort Realty - NH. Information is believed to be accurate but is not warranted. Copyrighted by Outer Banks Association of REALTORS. All Rights Reserved. IDX information is provided by Shore Realty of the OBX exclusively for consumers, personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. If this page disappears from this site it means the property at 40471 Ocean Isle Loop in Avon is no longer available for sale. If you are interested in this property or have any questions about buying or selling real estate on the Outer Banks call Shore Realty. Local 252-441-3416 or 800-647-1868.

Schools

The school systems on the Outer Banks are never lacking for money. With most of the property owners living out of town, there is a disproportionate amount of tax money available to the schools, the result is lots of money spent per pupil.

We have 2 county school systems on the OBX, the Currituck County School System for residents of Corolla and the Currituck Mainland AND the Dare County School System for residents of the beach's from Duck south through Nags Head to Hatteras Island, Manteo and the Dare County Mainland.

Looking for more info about this property or another OBX properties? We can answer all your questions. Call DIRECT 800-647-1868 or fill out this form and let us know what you need, so we can start to help. It is easier than you think.




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