Closing Price:
$298,500
608 Martone Lane, Kill Devil Hills, NC 27948
4 bd
4 ba
2249 sq ft
MLS #: 95860
Status: Closed

Sold Details

Status: Closed
Sold Price: $261,000.00
Closing Date: 5/19/2017
Contract Date: 4/20/2017
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 20

Listing Information

Area: Kill Devil Hills Westside
Mls Status: Closed
Days On Market: 20
Cumulative Days On Market: 20
Listing Price: $298,500
Original Listing Price: $298,500
Possession: Close Of Escrow
Short Sale: No
Price Date: 5/22/2017
Furnishing Available: No
Bill Of Sale Amount: No
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 2249
Asking Price Per SqFt: $133.00
Heated Living Area Sq Ft: 2249
BedroomsTotal: 4
Bathrooms Full: 4
Year Built: 1984
Sub Type: Single Family Residence
Appliances: Dishwasher, Refrigerator, Range/Oven
Parking: Off Street, Paved
Pool: No
Sun Deck Size: 232, 112
Cooling: Heat Pump, Wall Unit(s)
Heating: Heat Pump, Wall Furnace
Flooring: Carpet, Concrete, Laminate

Legal Description

Section: 2
County: Dare
Subdivision: Wright's Shores
Subdivision Name: Wright's Shores
Deed Book: 0541
Deed Book Page Number: 0340
County Pin Number: 988405175994
Price Change: 5/21/2017

Lot Details

Lot Size Square Feet: 8611
Lot Features: Cul-De-Sac
Waterfront: None
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2016
Annual Property Taxes: $1,709.00
Flood Zone: X
Water Source: Municipal
Contract Status Change Date: 5/22/2017
Estimated Annual Fee Amt: $0.00
Sewer: Septic Tank
Association Fee Yes or No: No - Restrictive Covenants May Apply

Financials

Bank/Institution Owned: No
Exterior: Cement Fiber Board
HashTag of Units: 3
Primary Residence: No

Rental Income

Annual Rental Income: 28740
Rental Performance: 0.1101

Listing Agent Remarks

This is a rental machine!! This charming cottage generates nearly $30,000 annual revenue which is approximately 10% return. Three year financials can be provided on request. X FLOOD ZONE SO NO FLOOD INSURANCE REQUIRED! Well maintained and located on a quiet cul-de-sac approximately 8 blocks to ocean and sound! Exterior is Hardiplank siding. Double hung windows, fenced in back yard and 2 decks (234 sq ft and 112.0 sq ft.) New HVAC in 2017. Upper level features an open and spacious great room/kitchen/dining area. Laminate floors in great room, hall and 2 baths and carpet in 2 bedrooms, den and stairs leading to recreation room on ground level. Custom built bar and custom built entertainment center. Year round rental contract in place on upper level unit, rental income of $1270/month. The lower level consists of 2 fully compliant, LEGAL, with renters already in place, $625 and $500 month/suite. Each carpeted suite includes mini kitchen, full bath, and private entrance with a shared covered deck. Large 64 square foot storage shed. PERFECT FOR YOUR INVESTOR BUYERS OR A BUYER THAT WOULD LIKE TO LIVE IN THE HOME AND OFFSET THE MORTGAGE EXPENSE WITH INCOME FROM THE 2 LOWER LEVEL RENTALS! A MUST SEE!! Long term tenants so 24 hour notice to show.

Directions

West on Fourth Street,Right onto Martone which is the 5th street down

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 608 Martone Lane in Kill Devil Hills is provided courtesy of Brindley Beach Vacations-Duck C: 252-207-6138. 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 608 Martone Lane in Kill Devil Hills 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.
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