Closing Price:
$994,000
40454 Ocean Isle Loop, Avon, NC 27915
7 bd
7 ba
3652 sq ft
MLS #: 118236
Status: Closed

Sold Details

Status: Closed
Sold Price: $994,000.00
Closing Date: 5/6/2022
Contract Date: 3/31/2022
Seller Concessions: Yes
Concession Comments: $1,000 closing credit
Total Days on Market:
Cumulative Days on Market: 102
Due Diligence Date: 4/29/2022

Listing Information

Area: Avon Oceanside
Mls Status: Closed
Days On Market: 102
Cumulative Days On Market: 102
Listing Price: $994,000
Original Listing Price: $994,000
Possession: Close Of Escrow, Subject To Tenant Rights
Short Sale: No
Price Date: 3/31/2022
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 3652
Asking Price Per SqFt: $272.00
Heated Living Area Sq Ft: 3652
BedroomsTotal: 7
Bathrooms Full: 7
Year Built: 2005
Garage: Carport
Architectural Style: Contemporary, Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Countertop Range, Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Washer, Wall Oven
Roof: Asphalt
Parking: Off Street, Paved, 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: Cathedral Ceiling(s), Pantry, Wet Bar
Heating: Electric, Heat Pump
Room Type: Game Room, Loft, Media Room
Flooring: Carpet, Ceramic Tile, Hardwood
Construction Materials: Frame, Wood Siding

Legal Description

County: Dare
Subdivision: Ocean Isle Esta
Deed Book: 2472
Deed Book Page Number: 0503
County Pin Number: 064014226544
Price Change: 5/8/2022
Road Surface: Paved

Lot Details

Lot Size Acres: 0.42
Lot Size Dimensions: 18500 sq. ft.
Lot Size Square Feet: 18500
Lot Features: Level
Waterfront: 4 - lots from oceanfront (5th row)
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2021
Annual Property Taxes: $4,850.00
Home Oner Insurance Expense: 5600
Flood Zone: Shaded X,X
Water Source: Municipal
Yearly Water Expense: 800
Pool Or Spa Expense: 3600
Yearly Expense: Actual
Yearly Elecric Expense: 6200
Yearly Telephone Expense: 540
Yearly Cable Tv Expense: 800
Contract Status Change Date: 5/9/2022
Estimated Annual Fee Amt: $0.00
Sewer: Septic Tank
Septic Fee: 670
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,Jet Tub,Outside Lighting,Outside Shower,Patio,Sun Deck,Tiki Bar,Dry Entry,Inside Laundry Room
Fuel Tanks: None
HOA Contact Name: none
Primary Residence: No
HOA Contact Info: none

Rental Income

Annual Rental Income: 110307
Rental Performance: 0.111
Owner Renatl Income 2022 Amount: 91408
Avertised Income 2021 Amount: 91408
Owner Rental Income 2021 Amount: 80957
Avertised Income 2021 Amount: 110307

Listing Agent Remarks

Wow! This is the one you have been waiting for! The Shark Tank is a 7 bedroom, 7 full bathroom, ocean side home in Avon Village. Situated in the premier Ocean Isle Estates subdivision, the walking beach access is only minutes down the street! Located in the X Flood Zone, no flood insurance required! A few of the amenities The Shark Tank offers are; Multiple level decking, custom concrete pool with tiki bar and hot tub, new outside deck furniture, beautiful ocean views, game room with pool table and foosball table, mid level family room/den for multiple level congregation areas, granite kitchen counters and stainless steel appliances, elevator, grand master and en suite, composite decking throughout, hardwood floors. This home is meticulously maintained! With the superior rental history, The Shark Tank is an ideal rental investment property with 11% ROI on advertised rents, but could also be a lovely second home getaway or primary residence! Recent upgrades include, Brand New Roof 2022, new cooktop 2022, new flooring, new slider doors. Contact me today for more information! Don't let this shark get away!

Directions

NC Hwy 12, Turn left onto the 2nd Ocean Isle Loop. The Shark Tank 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 40454 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 40454 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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