Closing Price:
$849,000
40471 Ocean Isle Loop, Avon, NC 27915
7 bd
7 ba
3962 sq ft
MLS #: 86788
Status: Closed

Sold Details

Status: Closed
Sold Price: $807,500.00
Closing Date: 4/27/2015
Contract Date: 3/15/2015
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 285

Listing Information

Area: Avon Oceanside
Mls Status: Closed
Days On Market: 284
Cumulative Days On Market: 285
Listing Price: $849,000
Original Listing Price: $849,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 4/28/2015
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: 3962
Asking Price Per SqFt: $214.00
Heated Living Area Sq Ft: 3962
BedroomsTotal: 7
Bathrooms Full: 7
Bathrooms Partial: 2
Year Built: 2002
Garage: Carport
Architectural Style: Cottage, Coastal, Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer
Roof: Asphalt
Parking: Underground
Foundation: Piling, Slab
Pool: Yes
Pool Type: Private
Pool Features: Custom, Gunite, Heated, In Ground, Outdoor Pool
Counter Tops: Silestone
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s), Pantry, Wet Bar
Heating: Central, Heat Pump
Room Type: Game Room, Loft, Media Room
Flooring: Carpet, Ceramic Tile, Hardwood, Wood
Construction Materials: Frame, Wood Siding

Legal Description

County: Dare
Subdivision: Ocean Isle Esta
Subdivision Name: Ocean Isle Estates
Deed Book: 1558
Deed Book Page Number: 0456
County Pin Number: 064018226289
Price Change: 4/27/2015
Road Surface: Paved
Association Amenities: Ocean Access

Lot Details

Lot Size Square Feet: 15000
Waterfront: 3 - lots from oceanfront (4th row)
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2014
Annual Property Taxes: $4,460.00
Home Oner Insurance Expense: 7363
Flood Zone: AE
Flood Insurance Expense: 967
Water Source: Municipal
Contract Status Change Date: 4/28/2015
Estimated Annual Fee Amt: $0.00
Sewer: Non Conventional Septic, Septic Tank
Association Fee Yes or No: No - Restrictive Covenants May Apply

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Cement Fiber Board
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Elevator,Fenced Yard,Hot Tub,Jet Tub,Landscaped,Lawn Sprinklers,Outside Shower,Security System,Tiki Bar
Primary Residence: No

Rental Income

Annual Rental Income: 97785
Rental Performance: 0.1211

Listing Agent Remarks

Price $849,000, with $105,855k on the books for 2015, available to the buyer with no winter carrying costs. That's a 12.4% rental ratio!! All that with a high quality, good condition, upscale home. The 'Tommy Bahama Home' offers a great vacation home design / floorplan, upscale high quality finishes throughout, amazing outdoor entertaining areas, elevator, and super consistent high rental income to create an great rental ratio and positive cash flow! Attractive design features large rec room with custom kitchenette & pool table, mid level media / sitting room, bright and open great room with custom built-in's, large custom kitchen with multiple appliances, loft, elevator, and 7 true master bedrooms. High end finishes include Silistone counter tops in kitchen and rec room, oak hardwood floors, high quality cabinetry and vanities, custom tile showers, flooring & tile wainscoting, custom baths, vanities, hand painting, unique tile backsplash, etc, etc, etc. Add to all this amazing outdoor entertaining areas; featuring quality Tiki Bar with stone and tile, custom heated concrete pool with Palm Tree design & waterfall, recessed stainless steel / tiled hot tub with stone surround, fire pit for evening gatherings, all beautifully landscaped in tropical theme. Located in safe location, with ocean views and direct access to wide open beaches. Fully furnished with no exclusions. Families love this home, as indicated by a proven track record of high rental income, creating the best rental ratio you can find. Act now to capture in place 2015 income and low interest rates!

Directions

Southern entrance to Ocean Isle Estates, on right / south side.

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 40471 Ocean Isle Loop in Avon is provided courtesy of Resort Realty - KH . 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 40471 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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