Closing Price:
$999,000
40426 Ocean Isle Loop, Avon, NC 27915
7 bd
7 ba
3300 sq ft
MLS #: 114991
Status: Closed

Sold Details

Status: Closed
Sold Price: $965,000.00
Closing Date: 10/22/2021
Contract Date: 9/5/2021
Seller Concessions: No
Concession Comments: Price reduction in lieu of closing credits
Total Days on Market:
Cumulative Days on Market: 70
Due Diligence Date: 10/3/2021

Listing Information

Area: Avon Oceanside
Mls Status: Closed
Days On Market: 70
Cumulative Days On Market: 70
Listing Price: $999,000
Original Listing Price: $1,075,000
Possession: Close Of Escrow, Subject To Tenant Rights
Short Sale: No
Price Date: 10/26/2021
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 3300
Asking Price Per SqFt: $303.00
Heated Living Area Sq Ft: 3300
BedroomsTotal: 7
Bathrooms Full: 7
Bathrooms Partial: 1
Year Built: 2003
Garage: Carport
Architectural Style: Contemporary, Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Stackable Washer/Dryer, Washer
Roof: Asphalt
Parking: Off Street, Underground
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: Concrete, Custom, Heated, In Ground, Outdoor Pool, Private
Counter Tops: Granite
Cooling: Central Air, Heat Pump
Interior Features: Beamed Ceilings, Cathedral Ceiling(s), Wet Bar, Walk-In Closet(s)
Heating: Central, Electric, Heat Pump
Room Type: Game Room, Loft
Flooring: Carpet, Ceramic Tile, Laminate
Construction Materials: Frame, Wood Siding

Legal Description

County: Dare
Subdivision: Ocean Isle Esta
Deed Book: 1633
Deed Book Page Number: 0036
County Pin Number: 064014227596
Price Change: 10/25/2021
Road Surface: Paved

Lot Details

Lot Size Acres: 0.44
Lot Size Dimensions: 19000 sq ft
Lot Size Square Feet: 19000
Lot Features: Level
Waterfront: 2 - lots from oceanfront (3rd row
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2020
Annual Property Taxes: $4,403.00
Flood Zone: X
Flood Insurance Expense: 850
Wind Insurance: 6174
Other Insurance: 191
Water Source: Municipal
Yearly Water Expense: 870
Other Yearly Expense: 320
Yearly Expense: Actual
Yearly Elecric Expense: 6300
Yearly Telephone Expense: 932
Yearly Cable Tv Expense: 1600
Contract Status Change Date: 10/26/2021
Estimated Annual Fee Amt: $0.00
Sewer: Septic Tank
Other Expenses 2: 2820
Association Fee Yes or No: No - Restrictive Covenants May Apply

Financials

Bill Of Sale Amoung: 1
Electroni Locks: Leased
Bank/Institution Owned: No
Exterior: Cement Fiber Board,Lap Siding
Extras: Beach Access,Ceiling Fan(s),Covered Decks,Elevator,Hot Tub,Landscaped,Outside Lighting,Outside Shower,Patio,Sun Deck,Dry Entry,Inside Laundry Room
Fuel Tanks: Owned
HOA Contact Name: none
Primary Residence: No
HOA Contact Info: none

Rental Income

Annual Rental Income: 113063
Rental Performance: 0.1172
Owner Rental Income 2021 Amount: 113063
Avertised Income 2021 Amount: 113063

Listing Agent Remarks

Look no further! Time Away is a Terrific, Two lot back from Oceanfront home, 7 Bedrooms, 7.5 Bathrooms, in Ocean Isle Estates Subdivision of Avon Village that has it all! 11% ROI!!! Ocean views with easy beach access down the street! Private Heated Pool, Plenty of Outdoor space, Hot Tub, Multiple Level Decking, Game Room Level offers Pool Table and kitchenette, bunkroom, full bathroom, along with the laundry room. The 2nd level has 4 bedrooms with private baths and deck access in each. The open floor plan Living Level offers an expansive Kitchen with granite counters, Loft, gas fireplace, and guaranteed Amazing Ocean views! You will find two master suites on the top level, both offering extraordinary water views and access to outside decking! Fantastic Rental Income History with 10% ROI! Public sound access for kayaking, crabbing, and kite boarding or Public 4x4 Beach access is just a short drive away at the South or North end of Avon Village. Time Away is a consistent rental producer, making this property ideal for rental investment, but would be wonderful as a 2nd home get away or primary residence as well! Avon Village is centrally located to all of the sites and scenes of Hatteras Island! There have been many updates to Time Away within the past few years, but to name a few: 2020- FORTIFIED Roof, Hot Tub, Dining room table/10 chairs, 8 outdoor chairs, 2019 - 8 outdoor chairs, 2017- stackable washer/dryer unit, 2016 - 2 dishwashers, Kitchen refrigerator, 2015 - Kitchen granite countertops/tile backsplash/2 sinks/faucets, 2014 - First floor refrigerator. This one will go quickly, so contact me for details today!

Directions

S Hwy 12, Left on Ocean Isle Loop just after the gas station, Time Away is on the 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 40426 Ocean Isle Loop in Avon is provided courtesy of Midgett Realty - Avon . 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 40426 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.
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