Listing Details For 27261 Farrow Drive in Salvo

Closing Price:
$599,000
27261 Farrow Drive, Salvo, NC 27972
6 bd
5 ba
2958 sq ft
MLS #: 112132
Status: Closed

Sold Details

Status: Closed
Sold Price: $600,000.00
Closing Date: 2/15/2021
Contract Date: 12/15/2020
Seller Concessions: Yes
Concession Comments: $5,000 Buyers Credit
Total Days on Market:
Cumulative Days on Market: 5
Due Diligence Date: 1/14/2021

Listing Information

Area: Salvo Oceanside
Mls Status: Closed
Days On Market: 5
Cumulative Days On Market: 5
Listing Price: $599,000
Original Listing Price: $599,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 2/18/2021
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: 2958
Asking Price Per SqFt: $203.00
Heated Living Area Sq Ft: 2958
BedroomsTotal: 6
Bathrooms Full: 5
Bathrooms Partial: 1
Year Built: 2004
Architectural Style: Contemporary, Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Refrigerator, Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer
Roof: Asphalt
Parking: Off Street, Paved
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), Wet Bar
Heating: Central, Electric, Heat Pump
Room Type: Game Room, Loft
Flooring: Carpet, Ceramic Tile, Plank, Vinyl
Construction Materials: Frame, Wood Siding

Legal Description

County: Dare
Subdivision: Farrow Shores
Deed Book: 1916
Deed Book Page Number: 0203
County Pin Number: 065717012943
Price Change: 2/17/2021
Road Surface: Paved, Private

Lot Details

Land Tax Value: 138900
Total Assessed Value: 589900
Lot Size Acres: 0.36
Lot Size Square Feet: 15500
Lot Features: Cul-De-Sac, Level
Waterfront: 4 - lots from oceanfront (5th row)
View: Ocean, Sound
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2020
Annual Property Taxes: $3,595.00
Flood Zone: X
Water Source: Municipal
Contract Status Change Date: 2/18/2021
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
Bank/Institution Owned: No
Exterior: Lap Siding
Extras: Beach Access,Ceiling Fan(s),Covered Decks,Elevator,Hot Tub,Outside Lighting,Outside Shower,Sun Deck
Fuel Tanks: Leased
HOA Contact Name: None
Primary Residence: No
HOA Contact Info: None

Rental Income

Annual Rental Income: 61695
Rental Performance: 0.1028
Owner Rental Income 2021 Amount: 51074
Avertised Income 2021 Amount: 56074

Listing Agent Remarks

If you are looking for the perfect vacation home or investment opportunity, look no fuirther than "The Lighthouse". This beautifully designed and decorated 6 bedroom (4 are masters!), 5 full and one half bath home is located just steps away from the beach on a quiet cul-de-sac in the Farrow Shores subdivision of Salvo. Just minutes away from the Salvo Day Use Area and all the shopping, dining and entertainment that the tri-villages has to offer, this home boasts both ocean and sound views and tons of natural light in every room! The amenities are endless - private pool; 6 person hot tub; outdoor shower; elevator; sun decks and covered decks; game room with wet bar featuring an additional microwave and full-size refrigerator; open living/dining area with cathedral ceilings, floor-to-ceiling windows and a cozy gas fireplace; additional loft sitting area - the list goes on and on. No wonder this property is such a stellar rental performer with ROI of more than 10%!! Properties like this do not come along every day...don't miss out! Let "The Lighthouse" guide you to your perfect island home...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 27261 Farrow Drive 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 27261 Farrow Drive 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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