Listing Details For 52171 Mare Vista Drive in Frisco

Closing Price:
$1,395,000
52171 Mare Vista Drive, Frisco, NC 27936
5 bd
5 ba
3738 sq ft
MLS #: 118239
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,150,000.00
Closing Date: 10/27/2022
Contract Date: 9/12/2022
Seller Concessions: Yes
Concession Comments: Unusual & substantial concessions by buyer to seller. Call agent.
Total Days on Market:
Cumulative Days on Market: 165
Due Diligence Date: 10/7/2022

Listing Information

Area: Frisco Soundside
Mls Status: Closed
Days On Market: 165
Cumulative Days On Market: 165
Listing Price: $1,395,000
Original Listing Price: $1,570,000
Possession: Close Of Escrow, Subject To Tenant Rights
Short Sale: No
Price Date: 10/28/2022
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: 3738
Asking Price Per SqFt: $373.00
Heated Living Area Sq Ft: 3738
BedroomsTotal: 5
Bathrooms Full: 5
Bathrooms Partial: 1
Year Built: 2002
Garage: Carport
Architectural Style: Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: Dryer, Dishwasher, Microwave, Refrigerator, Range/Oven, Washer
Roof: Asphalt
Parking: Paved, Underground
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: Fiberglass, Outdoor Pool, Private
Builder Name: Bill Barley
Cooling: Central Air, Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s), Wet Bar
Heating: Central, Electric, Heat Pump, Zoned
Room Type: Foyer, Media Room, Office, Shipswatch
Flooring: Carpet, Tile
Construction Materials: Frame

Legal Description

County: Dare
Subdivision: Murray Bay
Deed Book: 1778
Deed Book Page Number: 0242
County Pin Number: 051613028706
Price Change: 10/27/2022
Road Surface: Easement Access, Gravel
Association Amenities: Sound Access

Lot Details

Lot Size Acres: 0.46
Lot Size Dimensions: 20,088 sf
Lot Size Square Feet: 20088
Lot Features: Easement(s), Level, Waterfront
Lot Faces: NW
Waterfront: Soundfront
View: Sound
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2021
Annual Property Taxes: $4,006.00
Home Oner Insurance Expense: 6825
Flood Zone: AE
Flood Insurance Expense: 870
Water Source: Municipal
Yearly Water Expense: 880
Yearly Elecric Expense: 8000
Yearly Cable Tv Expense: 3000
Contract Status Change Date: 10/28/2022
Estimated Annual Fee Amt: $0.00
Sewer: Septic Tank
Maintenance Expense: 12000
Association Fee Yes or No: No - Restrictive Covenants May Apply

Financials

Bill Of Sale Amoung: 1
Electroni Locks: None
Bank/Institution Owned: No
Exterior: Shakes,Wood
Extras: Ceiling Fan(s),Covered Decks,Elevator,Handicap Friendly,Hot Tub,Jet Tub,Landscaped,Outside Lighting,Outside Shower,Screened Porch,Smoke Detector(s),Storage Shed,Sun Deck,Dry Entry,Inside Laundry Room
Fuel Tanks: Owned
HOA Contact Name: None
Primary Residence: No
HOA Contact Info: None

Rental Income

Annual Rental Income: 140000
Rental Performance: 0.1217
Owner Rental Income 2021 Amount: 83810
Avertised Income 2021 Amount: 86755

Listing Agent Remarks

Oh, what a feeling! Mare Vista is a welcoming, quality-built retreat with luxury features and furnishings but no pretentious feeling that it wasn't meant to enjoy and be lived in. The home boasts panoramic, amazing sound views from most rooms, has lots of decking, outdoor spaces, and a private pool. Brand new windows on the main living level were just installed in May of 2022 and the tower room was recently done. Enjoy launching your kayaks, kites, and paddleboards from your back yard or roast marshmallows around the firepit and take in the sunset views. There is lots of paved parking and two covered carports. The elevator accesses three floors, providing easy wheelchair access. The fourth floor loft atop the spiral staircase has two twin beds and is surrounded by windows showing off the water views. The main level includes high vaulted, tongue and groove wooden ceilings over the living and dining areas, warmed by the stone surround fireplace. The large kitchen features Frisco's Finest Cabinets & Woodworking custom cabinetry and easy access to the screened picnic porch. An office area and half bath round off the common area and the beautiful master suite on the main level has soaring ceilings and a large bath with double vanities, jetted tub, shower, and your own stack washer and dryer. There is another laundry room on the lower level near the bunk room, hall bath, and media room with wet bar. The mid-level includes two master suites with private baths, two guest rooms with a hall bath, wrap around porches and a screened porch with hot tub. Let's not forget the water front swimming pool, outdoor showers, volleyball area, and included watersports equipment. Mare Vista has been loved as a second home and rented some in recent years through VRBO. Surf or Sound Realty provided a rental projection with a $140k-$150k expectation for next year for anyone preferring to maximize this investment's potential. The septic was updated in 2019 and has a 5 bedroom permit. The loft with 2 twin beds and the queen guest bedroom are multi-purpose rooms that could also make a nice library, office, art studio, media room, etc. Come and enjoy the view at Mare Vista!

Directions

Mare Vista Drive beside Heritage Church and go to the sound. Turn right and house is first on left. Bumpy street but worth the drive to this special and private location.

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 52171 Mare Vista Drive in Frisco is provided courtesy of NC 12 Realty carla@nc12realty.com. 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 52171 Mare Vista Drive 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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