Closing Price:
$1,900,000
41375 Ocean View Drive, Avon, NC 27915
7 bd
7 ba
5054 sq ft
MLS #: 118408
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,775,000.00
Closing Date: 7/28/2022
Contract Date: 6/7/2022
Seller Concessions: Yes
Concession Comments: $2500 credit
Total Days on Market:
Cumulative Days on Market: 57
Due Diligence Date: 7/21/2022

Listing Information

Area: Avon Oceanside
Mls Status: Closed
Days On Market: 57
Cumulative Days On Market: 57
Listing Price: $1,900,000
Original Listing Price: $1,900,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 8/4/2022
Furnishing Available: Yes
Bill Of Sale Amount: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 5054
Asking Price Per SqFt: $376.00
Heated Living Area Sq Ft: 5054
BedroomsTotal: 7
Bathrooms Full: 7
Year Built: 1997
Garage: Carport
Architectural Style: Contemporary, Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Dryer, Dishwasher, Ice Maker, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer, Wine Cooler
Roof: Asphalt
Parking: Off Street, Paved
Foundation: Piling
Pool: Yes
Pool Type: Private and Association
Pool Features: Association, Heated, In Ground, Outdoor Pool, Private
Counter Tops: Granite
Cooling: Central Air
Interior Features: Cathedral Ceiling(s), Wet Bar
Heating: Electric, Forced Air
Room Type: Breakfast Nook, Game Room
Flooring: Carpet, Ceramic Tile, Laminate
Construction Materials: Frame, Wood Siding

Legal Description

County: Dare
Subdivision: Kinnakeet Shores
Subdivision Name: Kinnakeet Shores Phase 4
Deed Book: 2366
Deed Book Page Number: 0887
County Pin Number: 054906275513
Price Change: 8/3/2022
Road Surface: Paved, Public
Association Amenities: Board Walk, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Sound Access

Lot Details

Lot Size Acres: 0.34
Lot Size Square Feet: 15000
Lot Features: Beach Frontage, Level
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2021
Annual Property Taxes: $10,254.00
Flood Zone: Shaded X,X
Water Source: Municipal
Contract Status Change Date: 8/4/2022
Estimated Annual Fee Amt: $550.00
Sewer: Septic Tank
Association Fee Includes: Pool, Tennis Courts, Walkways
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Cement Fiber Board
Extras: Beach Access,Ceiling Fan(s),Covered Decks,Elevator,Handicap Friendly,Hot Tub,Jet Tub,Outside Lighting,Outside Shower,Screened Porch,Sauna,Smoke Detector(s),Sun Deck,Dry Entry,Inside Laundry Room
Fuel Tanks: Leased
HOA Contact Name: Pat Weston
Primary Residence: No
HOA Contact Info: 252.305.1705

Rental Income

Annual Rental Income: 217000
Rental Performance: 0.1223
Owner Renatl Income 2022 Amount: 156660
Avertised Income 2021 Amount: 168490
Owner Rental Income 2021 Amount: 151525
Avertised Income 2021 Amount: 169945

Listing Agent Remarks

Whether you are looking for the perfect year round residence, vacation home or investment opportunity, you do NOT want to miss this incredible 7 bedroom, 7 full bath stunner in the beautiful Kinnakeet Shores in Avon. Located on a LARGE oceanfront lot and minutes from all the shopping, dining and entertainment that the village has to offer, "Southern Sol" boasts the perfect location! Boasting sun decks; covered decks; screened porch; incredible ocean views; private hot tub and private pool; 2 outdoor showers; game room with wet bar; sauna; elevator; LARGE bedrooms (5 are masters!); Beautiful updated kitchen; open upper level with cathedral ceilings, gas fireplace - this list of amenities this home has to offer is nearly endless!! No wonder this property is such a solid rental performer with more than $168K already on the books for 2022 with a limited rental season and more than 20 weeks already booked for 2023!! In fact, the 2022 open calendar Rental Projection shows income potential of more than $176K, and the 2023 Rental Projection (see Assoc. Docs),shows income from $210K to $217K!! This is one you do NOT want to miss. Come and find your "Southern Sol"...visit to today!!

Directions

(none)

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 41375 Ocean View Drive in Avon is provided courtesy of Midgett Realty - Rodanthe C: 252-996-0124. 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 41375 Ocean View Drive 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.
For Immediate Service
252-441-3416 (Local OBX)
800-647-1868 (Toll Free)