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Listing Details For 1206 W Boundary Street in Kill Devil Hills

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Closing Price:
$225,000
1206 W Boundary Street, Kill Devil Hills, NC 27948
null bd
null ba
0 sq ft
MLS #: 101853
Status: Closed

Listing Information

Area: Kill Devil Hills Westside
Mls Status: Closed
Days On Market: 17
Cumulative Days On Market: 17
Listing Price: $225,000
Original Listing Price: $225,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 1/12/2019
Contract Status Change Date: 1/12/2019
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell
Listing Type: Exclusive Right To Sell
Bank/Institution Owned: No
Price Change: 1/11/2019

Legal Description

County: Dare
Block: 42
Subdivision: Kdh Realty Corp
Subdivision Name: Kill Devil Hill Realty Corp
Deed Book: 1604
Deed Book Page Number: 377
County Pin Number: 988312759304
Road Surface: Public, Paved

Lot Details

Total Assessed Value: 100100
Lot Size Acres: 0.61
Lot Size Dimensions: 26745 Sq Ft
Lot Size Square Feet: 26745
Lot Features: Corner Lot, Level
Lot Faces: S
Waterfront: None
Flood Zone: X
Property Type: Land
Association Fee Yes or No: No - Restrictive Covenants May Apply
Estimated Annual Fee Amt: 0
Street Frontage : 145

Property Expenses & Utilities

Tax Year: 2018
Annual Property Taxes: $920.00
Water Source: Public

Listing Agent Remarks

Almost two-thirds of an acre in the heart of Kill Devils. Zone LI2. This parcel qualifies for 7 multifamily units and a wide range of other uses. It has a septic permit for inexpensive gravity systems (three - 4 BR-480 GPD and one - 2 BR-240 GPD bed system) in place without expiration. See permit and email for details on the ground water which was found to require 12" of fill - 18" in a small area on the SE corner. The septic systems permitted are a huge cost savings. Last summer (2017) the rules changed dramatically and one could not obtain this approval anymore. Basically because you cannot use the repair area as the setback for the active area anymore. It would require almost twice as much space or a very expensive pre-treatment sewage plant. There is one active water meter. KDH has a work force housing ordinance and it would allow for reduced or eliminated fees (Water, Review, Building permit) for 5 of the seven units. One could build a multi-use project. Have your residence, workshop and have rental units - A wedding catering operation could operate from here. You could use one 4 BR system for your house, one for your shop, One for your wedding catering operation and the last 4 BR system and the 2 BR system for your 3 rental units. Open the box of possibilities here. Or keep it simple - the demand for small affordable rental units is now and always will be high. You could do seven 2 BR units with the town pitching in on the expenses and helping you to find the (very grateful) tenants and gross $84,000 plus a year. That is Oceanfront money without the huge weekly rental expenses and commission. You will see on the site plane TV TWR - I was going to put in a 40' aerial tower so that residents did not have to buy cable. Also, Silicone Travel said for $100 a month they would provide two internet services they would be adequate of the 14 bedrooms. These kind of amenities would go a long way to attract and keep the best tenants - The worker bees that need a break. You name it - basically if its legal in KDH - you can do it here. In associated docs there are a number of study plans to help you. If someone wishes to consult with an engineer I could email an Autocad drawing Version 2015 to aid them in their consulting review. Price per square foot and almost unlimited potential makes this a "best buy" for a wide range of buyers. Owner is a Licensed NC Real Estate Broker

Directions

Bypass in French Fry Alley - turn east on Atlantic then near slight left a Boundary Property on right across the street and between Elizabeth and Percy St.

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 1206 W Boundary Street in Kill Devil Hills is provided courtesy of Bob Evans, Broker . 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 1206 W Boundary Street in Kill Devil Hills is no longer available for sale.

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