Closing Price:
$380,000
40185 - 8 Bonito Road, Avon, NC 27915
2 bd
2 ba
0 sq ft
MLS #: 126934
Status: Closed

Sold Details

Status: Closed
Sold Price: $375,000.00
Closing Date: 11/18/2024
Contract Date: 9/20/2024
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 8
Due Diligence Date: 11/1/2024

Listing Information

Area: Avon Soundside
Mls Status: Closed
Days On Market: 8
Cumulative Days On Market: 8
Listing Price: $380,000
Original Listing Price: $380,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 11/19/2024
Furnishing Available: Y
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: 1104
Total Living Area Sq Ft: 1104
Asking Price Per SqFt: $344.00
BedroomsTotal: 2
Bathrooms Full: 2
Year Built: 1988
Garage: None
Sub Type: Condominium
Appliances: Dishwasher, Microwave, Range/Oven, Refrigerator w/Ice Maker, Stackable Washer/Dryer
Roof: Asphalt
Parking: Off Street, Paved, Reserved, Underground
Foundation: Piling
Pool: No
Counter Tops: Laminate
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s)
Heating: Central, Electric, Heat Pump
Flooring: Laminate
Construction Materials: Frame, Wood Siding

Legal Description

County: Dare
Subdivision: 3752
Subdivision Name: Pamlico Condo Mariner's Cove
Deed Book: 2506
Deed Book Page Number: 0432
County Pin Number: 06401424583108
Price Change: 11/18/2024
Road Surface: Paved
Association Amenities: Common Area

Lot Details

Lot Features: Adj. To Common Area, Bulkheaded, Level, Waterfront
Lot Faces: W
Waterfront: Harborfront
View: Canal, Harbor, Sound, Salt Marsh
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2024
Annual Property Taxes: $1,045.00
Flood Zone: AE
Other Insurance: 600
Water Source: Municipal
Yearly Water Expense: 600
Yearly Expense: Estimated
Yearly Elecric Expense: 600
Contract Status Change Date: 11/19/2024
Estimated Annual Fee Amt: $3,492.00
Sewer: Shared Septic
Association Fee Includes: Common Insurance, Flood Insurance, Maintenance Grounds, Management, Sewer/Septic
Association Fee Yes or No: Yes

Financials

Electroni Locks: Owned
Bank/Institution Owned: No
Exterior: Shakes,Wood
Extras: Ceiling Fan(s),Outside Lighting,Outside Shower,Sun Deck,Inside Laundry Room
Fuel Tanks: None
HOA Contact Name: Jay Crawford
Primary Residence: No
HOA Contact Info: associationconsultantsllc

Rental Income

Annual Rental Income: 45606
Rental Performance: 0.1216
Owner Renatl Income 2023 Amount: 40059
Owner Renatl Income 2022 Amount: 45606

Listing Agent Remarks

Wow! COMPLETE TURN KEY! OBX Dream is a 2 bedroom, 2 full bathroom, condo overlooking Mariner's Cove in the Heart of Avon Village! Breathtaking Sunsets and Sound views!! Offered at $380,000, OBX Dream is the maintenance free get a way that you have been looking for! This cute and contemporary top level, unit 8, features light, airy, and open loft master suite as well as a master suite on the main level. Beautiful Sound and Sunset views from the private deck overlooking the Sound and Harbor. Private, new, stack-able washer and dryer located in the hallway of the main level offer easy access, no shared laundry! Enjoy the private boat launch available for a $5 fee, which is excellent for boating access. Free Community HOA access for kayaks and paddleboards on the north side of the community area. Private outside shower & storage for kayaks, paddleboards, bikes, all outdoor equipment located under the building next to the outside shower to store your gear! Fantastic rental history with $45k income in 2022 and $40K in 2023, with similar rents in 2024! The seller keeps the winter months for personal use, so could bring in additional $4,500 per year! Ideal location for a rental investment, 2nd home getaway or a primary residence! Easy walking distance to the beach, sound, local restaurants & shops! Recent Updates include: New deck and stairways to this upper level condo in 2021, New Flooring throughout, New Furniture, New Interior Paint throughout, New HVAC, New Stackable Washer/Dryer, New water line fittings & connections, New Ecobee Thermostat, New Ring full automated system, New blinds. Paddle boards can convey. The Seller is a licensed RE Agent, and willing to help manage the rentals if desired. Come and enjoy the very best of beach living made easy at the Pamlico Condos at Mariner's Cove.

Directions

S Hwy 12, Left just before the Froggy Dog on Bonito Road, Condo is on the right. Top floor.

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 40185 - 8 Bonito Road 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 40185 - 8 Bonito Road 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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