Closing Price:
$775,000
607 Croatan Avenue, Manteo, NC 27954
6 bd
5 ba
4970 sq ft
MLS #: 101622
Status: Closed

Sold Details

Status: Closed
Sold Price: $650,000.00
Closing Date: 7/19/2019
Contract Date: 6/28/2019
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 971

Listing Information

Area: Manteo-S. of Airport Road
Mls Status: Closed
Days On Market: 971
Cumulative Days On Market: 971
Listing Price: $775,000
Original Listing Price: $849,900
Possession: Close Of Escrow
Short Sale: No
Price Date: 7/19/2019
Furnishing Available: No
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 4970
Asking Price Per SqFt: $156.00
Heated Living Area Sq Ft: 4970
BedroomsTotal: 6
Bathrooms Full: 5
Year Built: 1984
Garage: 2 Car,Attached
Architectural Style: A-Frame, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Refrigerator, Dryer, Dishwasher, Microwave, Refrigerator, Range/Oven, Washer
Roof: Asphalt
Parking: Paved
Foundation: Piling, Slab
Pool: No
Counter Tops: Solid Surface
Cooling: Central Air, Heat Pump, Zoned
Interior Features: Pantry, Walk-In Closet(s)
Heating: Central, Forced Air, Zoned
Room Type: Guest House, In-Law Apartment
Flooring: Carpet, Hardwood, Vinyl
Construction Materials: Frame, Wood Siding

Legal Description

County: Dare
Subdivision: None
Deed Book: 1629
Deed Book Page Number: 0042
County Pin Number: 988015538363
Price Change: 7/18/2019
Road Surface: Paved, Public

Lot Details

Lot Size Acres: 0.3
Lot Size Square Feet: 13000
Lot Features: Bulkheaded, Level, Waterfront
Waterfront: Soundfront
View: Harbor, Sound, Salt Marsh
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2018
Annual Property Taxes: $6,253.00
Flood Zone: AE
Water Source: Municipal
Contract Status Change Date: 7/19/2019
Estimated Annual Fee Amt: $0.00
Sewer: Public Sewer
Association Fee Yes or No: No - Restrictive Covenants May Apply

Financials

Bank/Institution Owned: No
Exterior: Shakes,Wood
Extras: Covered Decks,Landscaped,Lawn Sprinklers,Storm Doors,Boat Dock,Dry Entry,Inside Laundry Room
Covered Deck Size: Large
Primary Residence: No

Rental Income

Annual Rental Income: 222750
Rental Performance: 0.3427

Listing Agent Remarks

Rare Opportunity to own soundfront in historic downtown Manteo. This home has lots of potential; perfect for an investor desiring rental income with Bed & Breakfast, AirBNB, or a family looking to have a guest house with a detached in law suite. Main House First Floor includes; great room with sparkling sound views, expansive master bedroom with ensuite and private deck access. Main House Top Floor: 3 bedrooms (one is a master suite) kitchen, great room, and covered porch off great room. Wait, there's more, two detached in-law suites complete with a million dollar sound view, mini fridge, microwave, and coffee maker. Upgrades include; Dock, Bulkhead, and new irrigation system installed in 2018, roof and most exterior doors replaced March 2017, HVAC system replaced in 2011 for main house and 2012 for the apartment units, and Tankless water heater replaced in 2011. All located on prime real estate in downtown Manteo with a whopping 13,000 s/f ft. waterfront homesite. This home is zoned B-1 "Village Business District" which allows a bed and breakfast. he most profitable as I see it way to rent the house would be as a BNB renting the rooms individually with Suites.

Directions

Turn on Devon St. from highway 64. Go until you get to stop sign. Turn left on Croatan Ave. Home will be two houses down on right.

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 607 Croatan Avenue in Manteo is provided courtesy of Coldwell Banker Seaside Realty - KDH C: 252-202-2375. 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 607 Croatan Avenue in Manteo 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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