Closing Price:
$649,000
26164 Otter Way, Salvo, NC 27972
6 bd
6 ba
3272 sq ft
MLS #: 106546
Status: Closed

Sold Details

Status: Closed
Sold Price: $600,000.00
Closing Date: 8/25/2020
Contract Date: 7/8/2020
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 295
Due Diligence Date: 8/13/2020

Listing Information

Area: Salvo Soundside
Mls Status: Closed
Days On Market: 295
Cumulative Days On Market: 295
Listing Price: $649,000
Original Listing Price: $649,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 9/2/2020
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 3272
Asking Price Per SqFt: $198.00
Heated Living Area Sq Ft: 3272
BedroomsTotal: 6
Bathrooms Full: 6
Bathrooms Partial: 1
Year Built: 2005
Garage: Carport
Architectural Style: Contemporary, Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Refrigerator, Dryer, Dishwasher, Freezer, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer
Roof: Asphalt
Parking: Off Street, Paved, Underground
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: In Ground, Outdoor Pool, Private
Counter Tops: Corian
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s), Pantry, Wet Bar
Heating: Electric, Forced Air, Heat Pump
Room Type: Game Room
Flooring: Carpet, Tile, Wood
Construction Materials: Frame, Wood Siding

Legal Description

Phase: 2
County: Dare
Subdivision: Wind Over Waves
Subdivision Name: Wind Over Waves - Phase 2
Deed Book: 1622
Deed Book Page Number: 0077
County Pin Number: 064712951016
Price Change: 9/1/2020
Road Surface: Paved, Private
Association Amenities: Boat Ramp, Board Walk, Common Area, Ocean Access, Sound Access

Lot Details

Land Tax Value: 214100
Total Assessed Value: 613100
Lot Size Acres: 0.42
Lot Size Square Feet: 18500
Lot Features: Level, Waterfront
Waterfront: Soundfront
View: Ocean, Sound, Salt Marsh
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2019
Annual Property Taxes: $4,366.00
Flood Zone: VE
Water Source: Municipal
Contract Status Change Date: 9/2/2020
Estimated Annual Fee Amt: $480.00
Sewer: Septic Tank
Association Fee Includes: Electricity, Maintenance Grounds, Road Maintenance, Walkways
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Shakes
Extras: Beach Access,Covered Decks,Elevator,Hot Tub,Outside Lighting,Outside Shower,Smoke Detector(s),Sun Deck,Dry Entry
HOA Contact Name: Tom Amatucci
Primary Residence: No
HOA Contact Info: 443-928-8007

Rental Income

Annual Rental Income: 73723
Rental Performance: 0.1229

Listing Agent Remarks

Soundfront living at its finest!! Incredible investment opportunity!! If you are looking for the perfect vacation home or investment property...look no further!! "Sounds Fantastic" lives up to its name!! Located in Salvo in the beautiful Wind Over Waves subdivision, this property offers beach and sound access, community boat ramp and kayak ramp, the opportunity for limitless water activities - from kiteboarding to kayaking to boating to jet skiing - plus the most beautiful sunsets on all of Hatteras Island!! On the first floor is the game room, complete with pool table, TV with DVD player and wet bar with full-size refrigerator and microwave. A bedroom with two single beds shares a semi-private bath with shower with the game room. Both the bedroom and the game room have doors opening onto the spacious, breezy shaded deck overlooking the pool area. The mid-level has four bedrooms. Two king masters open onto another beautiful deck that wraps around the entire house and offers spectacular sound views. A queen master bedroom and a master bedroom with two bunk sets complete this level. Upstairs is the great room with hardwood floors and panoramic views of the sound. The spacious kitchen with wine cooler and breakfast bar will provide ample opportunity for scrumptious family feasts. A dining room with plenty of seating opens onto a unbelievable soundside sun deck. Bask in the sun and enjoy the beautiful views or just relax on the built-in bench seating in the reading nook with a good book. This level also contains and additional half bathroom as well as another king master bedroom with a custom-tiled shower and deck access. Spend your days lounging in the sun on the wide pool deck...cool off in your beautiful private pool or soak your cares away in the soothing hot tub. Nearby are local shops, an ice cream parlor, and the community sound access with dock and boat ramp. No wonder this home is such a solid rental performer with more than 11% ROI and more than $65K already on the books for 2020 in spite of the shortened rental season!! Start your fantastic sound front life at "Sounds Fantastic"...come and visit today!

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 26164 Otter Way in Salvo 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 26164 Otter Way in Salvo 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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