Closing Price:
$265,000
51517 NC 12 Highway, Frisco, NC 27936
2 bd
1 ba
1128 sq ft
MLS #: 120837
Status: Closed

Sold Details

Status: Closed
Sold Price: $260,000.00
Closing Date: 8/31/2023
Off Market Date: 1/25/2023
Contract Date: 8/7/2023
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 258
Due Diligence Date: 8/21/2023

Listing Information

Area: Frisco Oceanside
Mls Status: Closed
Days On Market: 258
Cumulative Days On Market: 258
Listing Price: $265,000
Original Listing Price: $295,000
Short Sale: No
Price Date: 9/1/2023
Furnishing Available: No
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 1128
Asking Price Per SqFt: $235.00
Heated Living Area Sq Ft: 1128
BedroomsTotal: 2
Bathrooms Full: 1
Year Built: 1959
Architectural Style: Coastal, Cottage
Sub Type: Single Family Residence
Roof: Asphalt
Foundation: Piling
Pool: No
Cooling: Central Air, Heat Pump
Heating: Central, Electric, Heat Pump
Construction Materials: Frame, Wood Siding

Legal Description

County: Dare
Subdivision: None
Deed Book: 1899
Deed Book Page Number: 0406
County Pin Number: 051615544196
Price Change: 8/31/2023
Road Surface: Paved, Public

Lot Details

Lot Features: Adj to Park Serv./Preserv, Level
Waterfront: None
View: Park/Greenbelt
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2022
Annual Property Taxes: $597.00
Flood Zone: AE
Water Source: Municipal
Contract Status Change Date: 9/1/2023
Estimated Annual Fee Amt: $0.00
Sewer: Septic Tank
Association Fee Yes or No: No - Restrictive Covenants May Apply

Financials

Bank/Institution Owned: No
Exterior: Lap Siding,Wood
Extras: Storage Shed,Outside Laundry Room
Fuel Tanks: None
HOA Contact Name: None
Primary Residence: No
HOA Contact Info: N/A

Rental Income

Annual Rental Income: 85000
Rental Performance: 0.3269

Listing Agent Remarks

This home sits on 1/2 an acre that is zoned residential/commercial.Currently designed to be a duplex with 2 bedrooms, one full bath and a galley kitchen in each unit (with separate entrances) for a total of 4 bedrooms, 2 baths and 2 kitchens. This home is a great investment opportunity. Property meets the zoning duplex requirements and has an engineered firewall plan.Each apartment has its own electrical panel box and meter. The area under the house has been built to contain 3 partitions/separate entrances for 2 laundry rooms and one party kitchen for outdoor entertaining. 100% New electrical, 100% New plumbing, town water hook up, new GAF architectural roof, new cedar ship lap siding, new sheathing and paper, new doors and double hung windows, new cedar exterior trim, new decks and stairs, new piling foundation, new air handlers and ducts, located in the attic to make the design feel spacious inside and provides potential for EXCELLENT rental income. Having an unfinished interior also provides the opportunity for a buyer to make it their own or to easily convert this property back to a single family home. This LARGE 24,000 SqFt lot backs up to NC State land that will remain undeveloped, ensuring privacy and beautiful views and is just a 4 minute drive to ramp 49 for beautiful beach access! Additionally, being located on NC 12, this property is also a potential commercial opportunity! **See Associated Docs for a complete list of Seller Improvements.

Directions

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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 51517 NC 12 Highway in Frisco is provided courtesy of Outer Banks Realty Group . 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 51517 NC 12 Highway in Frisco 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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