Closing Price:
$839,000
26143 Otter Way, Salvo, NC 27972
6 bd
6 ba
3596 sq ft
MLS #: 117637
Status: Closed

Sold Details

Status: Closed
Sold Price: $836,000.00
Closing Date: 7/18/2022
Contract Date: 6/11/2022
Seller Concessions: Yes
Concession Comments: $7,000 Credit
Total Days on Market:
Cumulative Days on Market: 117
Due Diligence Date: 7/11/2022

Listing Information

Area: Salvo Soundside
Mls Status: Closed
Days On Market: 117
Cumulative Days On Market: 117
Listing Price: $839,000
Original Listing Price: $850,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 7/25/2022
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: 3596
Asking Price Per SqFt: $233.00
Heated Living Area Sq Ft: 3596
BedroomsTotal: 6
Bathrooms Full: 6
Bathrooms Partial: 1
Year Built: 2004
Architectural Style: Contemporary, Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Refrigerator, Dryer, Dishwasher, Microwave, Range/Oven, Washer, Wine Cooler
Roof: Asphalt
Parking: Off Street, Paved, Underground
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: In Ground, Outdoor Pool, Private
Counter Tops: Laminate
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s), Pantry, Wet Bar
Heating: Central, Electric, Forced Air, Heat Pump
Room Type: Foyer, Game Room, Library
Flooring: Carpet, Plank, Vinyl, Laminate, 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: 1907
Deed Book Page Number: 0449
County Pin Number: 064712954550
Price Change: 7/24/2022
Road Surface: Paved, Private
Association Amenities: Boat Dock, Boat Ramp, Board Walk, Sound Access

Lot Details

Lot Size Acres: 0.46
Lot Size Square Feet: 20000
Lot Features: Level
Waterfront: Semi-Soundfront
View: Ocean, Sound
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2021
Annual Property Taxes: $3,362.00
Flood Zone: AE
Water Source: Municipal
Contract Status Change Date: 7/25/2022
Estimated Annual Fee Amt: $572.00
Sewer: Septic Tank
Association Fee Includes: Maintenance Grounds, Management, Road Maintenance, Walkways
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Lap Siding
Extras: Ceiling Fan(s),Covered Decks,Hot Tub,Outside Lighting,Outside Shower,Storage Shed,Sun Deck,Boat Dock,Dry Entry,Inside Laundry Room
Fuel Tanks: Leased
HOA Contact Name: Tom Amatucci
Primary Residence: No
HOA Contact Info: 443-928-8007

Rental Income

Annual Rental Income: 45195
Rental Performance: 0.0541
Owner Renatl Income 2022 Amount: 56457
Avertised Income 2021 Amount: 65743
Owner Rental Income 2021 Amount: 45195
Avertised Income 2021 Amount: 55145

Listing Agent Remarks

Whether you are looking for the perfect year round residence, vacation home or investment property, you do NOT want to miss "Moon Splash"! This 6-bedroom (5 are masters!) 6 full bath and 1-half bath home located in the beautiful Wind Over Waves subdivision of Salvo has everything you could want in a home...and more! The location is ideal....semi-soundfront with incredible sunset views; just steps from the community walking pier and boat ramp for kayaking, kiting, fishing and boating; just a stroll to the ocean and minutes from all the shopping, dining and entertainment that the tri-villages have to offer!! The amenities this home has to offer are nearly endless - sun decks; covered decks; private pool and hot tub; outside shower; ground level game room with a wet bar including a full size refrigerator and microwave and gorgeous luxury vinyl plank flooring; mid-level den/sitting room/wine bar with ANOTHER wet bar with ANOTHER full refrigerator plus a wine cooler; LARGE bedrooms; open upper living/dining area with cathedral ceilings, ceiling fans and a gas fireplace; HUGE kitchen with breakfast bar and tons of counter/prep space, and view, views, VIEWS! No wonder "Moon Splash" is such a solid rental performer with more than $55K in rents for 2021 and more than $65K already on the books for 2022! This is an opportunity you do NOT want to miss...come and visit "Moon Splash" today!!

Directions

(none)

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 26143 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 26143 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.
For Immediate Service
252-441-3416 (Local OBX)
800-647-1868 (Toll Free)