Listing Details For 26155 Otter Way in Salvo


MLS #: 82218
26155 Otter Way
Salvo, NC 27972
Selling Price: $525,000
Asking Price: $545,545
Closing Date: 4/4/2014
Status: Sold CO OP by Member
Status Date: 4/4/2014



Listing Information

HeadlineSalvo Hatteras Views High Rent
AreaSalvo Soundside
Beds7
Full Baths7
Partial Baths1
Asking Price$545,545
Price Date4/4/2014
Original Asking Price$545,545
Price Per Square Foot$146
Days On Market57
Cumulative Days On Market57
Days On MLS56
Cumulative Days On MLS56
Listing Date2/6/2014
Listing TypeExclusive Right Sell
Input Date Date2/7/2014
Update Date4/4/2014 10:53:00 PM
Sale Or RentFor Sale
OwnershipO
Primary Residence Y/NN

Building Details

TypeSingle Family - Detached
ClassRESIDENTIAL
StyleReverse Floor Plan
Year Built2004
Heated Living Area3748
Air ConditoningCentral,Heat Pump
HeatingCentral,Heat Pump
AppliancesDishwasher,Dryer,Freezer,Microwave,Range/Oven,Refrigerator,Washer,2nd Dishwasher,2nd Refrigerator
Interior Features9' Ceilings,All Window Treatments,Cathedral Ceiling(s),Gas Fireplace,Master Bath,Pantry,Wet Bar
ExtrasBeach Access,Ceiling Fan(s),Covered Decks,Elevator,Handicap Friendly,Hot Tub,Jet Tub,Lawn Sprinklers,Outside Lighting,Outside Shower,Security System,Smoke Detector(s),Sun Deck,Water Softener
Floor CoveringsCarpet,Tile,Wood Laminate
AppliancesDishwasher,Dryer,Freezer,Microwave,Range/Oven,Refrigerator,Washer,2nd Dishwasher,2nd Refrigerator
ConstructionFrame,Wood
RoofAsphalt/Fiber Shingle
Pool Y/NYes
Pool TypeOutdoor,In Ground,Heated
ExteriorShakes,Vinyl
FoundationPiling
Optional RoomsFoyer,Game Room,Home Theater,Media Room

Lot Details & Legal Description

Address26155 Otter Way
SubdivisionWind Over Waves
CountyDare
CitySalvo
StateNC
Zip27972-
Deed Page10
Deed Book1819
Doc Timestamp2/10/2014 9:18:00 PM
Pin Number064712954256
Tax Database ID4
Tax Property ID064712954256
Lot Square Feet18231
Lot FacesW
Lot DescritionLevel
View DescriptionOcean,Sound
Distance To WaterSemi-Soundfront
ZoningS-1
ParkingPaved,Off Street
RoadsPaved
Association AmenitiesOcean Access,Sound Access,Board Walk

Property Expense & Utilities

If the seller of this property located at 26155 Otter Way in Salvo 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/NYes
Annual Association Fee$440
Tax Year2013
Property Taxes$3,227
Flood Insurance$420
Hazard Insurance$4,000
Maintenance Expenses$2,808
Yearly Expenses Actual/Estimated$2,808
Yearly Electrical Expense$6,000
Yearly Telephone Expense$2,108
Water SourceMunicipal,Well
Yearly Water Expense$1,349
Other Expenses$540
Septic Disposal SystemPrivate Septic
Pool/Spa Expense$3,265

Financial's

Rental Cottage NameSurround Sound
Rental Cottage #396
Rental Turnover DaySaturday
Finance OptionsCash,Conventional,Jumbo Loan
Furniture Available ?Yes
PossessionAt Closing
Potential Short Sale Y/NNo
Bank Owned Y/NNo
Associated Document Count12

Rental Income

This section will only apply to homes already in a some type of rental program. If the property located at 26155 Otter Way 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$62,525
Gross Income 2013 $$60,625
Gross Income Year To Date$58,570

Listing Agent Remarks

Surround Sound. This Hatteras Island rental machine is well maintained and waiting for a turnkey investor. Check the 11.5% rent to price performance against all the competition in Wind Over Waves as well as the annual rent itself. The endless Pamlico Sound views and sunsets are breathtaking to say the least. All the amenities renters need are available from the pool, hot tub, volleyball court, basketball hoop, horseshoe pits, decks with awesome views of sound and ocean view, game room with pool table and flat screen tv over to the theater room with wet bar, refrigerator and dishwasher. The home is also handicap friendly with ground to top floor elevator, wide doors, handicap friendly bathroom and shower. Owners have done ongoing maintenance to keep this home in pristine condition and it shows. The renters keep coming back as well. Deeded ocean and sound access go with this property too.

Directions

West on Otter Way into Wind Over Waves, South at Roanoke Sound, house on left

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 26155 Otter Way in Salvo is provided courtesy of Adam Burkhimer of The Dean Agency. 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 26155 Otter Way in Salvo 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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