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Closing Price:
$549,000
26225 Merrimac Lane, Salvo, NC 27972
5 bd
4 ba
3320 sq ft
MLS #: 73061
Status: Closed

Sold Details

Status: Closed
Sold Price: $520,000.00
Closing Date: 6/30/2014
Off Market Date: 7/1/2014
Contract Date: 6/1/2014
Seller Concessions: Yes
Total Days on Market:
Cumulative Days on Market: 905

Listing Information

Area: Salvo Oceanside
Mls Status: Closed
Days On Market: 905
Cumulative Days On Market: 905
Listing Price: $549,000
Original Listing Price: $679,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 7/1/2014
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: 3320
Asking Price Per SqFt: $165.00
Heated Living Area Sq Ft: 3320
BedroomsTotal: 5
Bathrooms Full: 4
Bathrooms Partial: 2
Year Built: 2002
Architectural Style: Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: 2nd Refrigerator, Dryer, Dishwasher, Microwave, Refrigerator, Range/Oven, Washer
Roof: Asphalt
Foundation: Piling
Pool: Yes
Pool Features: Concrete, Heated, Outdoor Pool
Builder Name: Hal Moore
Counter Tops: Laminate
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s)
Heating: Electric, Heat Pump
Room Type: Game Room, Loft
Flooring: Carpet, Vinyl
Construction Materials: Frame, Wood Siding

Legal Description

Section: C
County: Dare
Subdivision: Hatteras Colony
Subdivision Name: Hatteras Colony Amended C
Deed Book: 1394
Deed Book Page Number: 0128
County Pin Number: 065709059777
Price Change: 6/30/2014
Road Surface: Paved, Public
Association Amenities: Boat Ramp, Sound Access

Lot Details

Total Assessed Value: 407400
Lot Size Square Feet: 10000
Lot Features: Level
Lot Faces: S
Waterfront: 2 - lots from oceanfront (3rd row
View: Ocean, Sound
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2013
Annual Property Taxes: $2,647.00
Home Oner Insurance Expense: 4000
Flood Zone: AE
Water Source: Municipal
Yearly Water Expense: 396
Pool Or Spa Expense: 1320
Yearly Expense: Actual
Yearly Elecric Expense: 2991
Yearly Telephone Expense: 401
Contract Status Change Date: 7/1/2014
Estimated Annual Fee Amt: $0.00
Sewer: Septic Tank
Association Fee Yes or No: No - Restrictive Covenants May Apply

Financials

Bill Of Sale Amoung: 1
Seller to Sever Oil/Gas: No
Bank/Institution Owned: No
Oil/Gas Severed Pre Owner: No Representation
Oil/Gas Severed By Seller: No
Exterior: Lap Siding
HashTag of Units: 1
Extras: Beach Access,Covered Decks,Elevator,Hot Tub,Outside Lighting,Outside Shower,Storage Shed,Sun Deck
Primary Residence: No
Street Frontage : 74

Rental Income

Annual Rental Income: 45000
Rental Performance: 0.0865

Listing Agent Remarks

Unwind at "Blues Skies Over Salvo." Tons of windows will wow you with views of the ocean and sound...elevator & heated pool (concrete 14 x 24/propane heated),hot tub will bring in the rents. Handicap friendly with roll-in shower. All bedrooms have private access to decks; 3 of the 5 are master bedrooms. Game room with pool table, mini fridge and bar sink. Gas fireplace in great room. Lots of locked owner storage inside and outside. Loft area has the top of the world feel. Beach access is at end of street. Don't forget that Hatteras Colony Subdivision also has sound access and a boat ramp located across the street in Wind Over Waves. Great neighborhood to walk and bike in. This house has generally only been rented in the "in" season siince owners enjoyed using in spring & fall. Projection shows potential of $51,530! See it on Youtube: http://www.youtube.com/watch?v=rIiH1_365NE&list=UUv1G-LjYNhXSvCB8-O4-6RQ&index=1&feature=plcp

Directions

From Hwy 12: east on Galleon Dr, right on Colony Drive, right on Merrimac Lane. 2nd house on rt.

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 26225 Merrimac Lane in Salvo is provided courtesy of Vacasa North Carolina dba Vacasa - Waves . 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 26225 Merrimac Lane in Salvo is no longer available for sale.
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