Listing Details For 27255 Farrow Drive in Salvo

Closing Price:
$1,299,000
27255 Farrow Drive, Salvo, NC 27972
7 bd
6 ba
3406 sq ft
MLS #: 115815
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,205,000.00
Closing Date: 4/20/2022
Contract Date: 3/2/2022
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 194
Due Diligence Date: 4/6/2022

Listing Information

Area: Salvo Oceanside
Mls Status: Closed
Days On Market: 194
Cumulative Days On Market: 194
Listing Price: $1,299,000
Original Listing Price: $1,325,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 4/20/2022
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 3406
Asking Price Per SqFt: $381.00
Heated Living Area Sq Ft: 3406
BedroomsTotal: 7
Bathrooms Full: 6
Bathrooms Partial: 2
Year Built: 2002
Garage: None
Architectural Style: Coastal
Sub Type: Single Family Residence
Appliances: Dryer, Dishwasher, Freezer, Ice Maker, Microwave, Refrigerator, Refrigerator w/Ice Maker, Range/Oven, Washer
Roof: Asphalt
Parking: Off Street, Paved
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: Gunite, Heated, In Ground, Outdoor Pool, Private
Counter Tops: Laminate,Solid Surface
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s), Pantry, Wet Bar
Heating: Forced Air, Heat Pump
Room Type: Game Room, Pantry
Flooring: Carpet, Ceramic Tile, Vinyl Tile
Construction Materials: Frame

Legal Description

County: Dare
Subdivision: Farrow Shores
Deed Book: 2381
Deed Book Page Number: 0140
County Pin Number: 065717015888C2
Price Change: 4/19/2022
Road Surface: Private

Lot Details

Lot Features: Level
Waterfront: Semi-Oceanfront (2nd row)
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2020
Annual Property Taxes: $3,962.00
Flood Zone: Shaded X
Water Source: Municipal
Contract Status Change Date: 4/20/2022
Estimated Annual Fee Amt: $0.00
Sewer: Septic Tank
Association Fee Includes: None
Association Fee Yes or No: No - Restrictive Covenants May Apply

Financials

Bank/Institution Owned: No
Exterior: Cement Fiber Board,Hurricane Shutters
Extras: Beach Access,Ceiling Fan(s),Fenced Yard,Hot Tub,Landscaped,Outside Shower,Screened Porch,Storage Shed,Tiki Bar,Inside Laundry Room
Fuel Tanks: Leased
HOA Contact Name: None
Primary Residence: No
HOA Contact Info: None

Rental Income

Annual Rental Income: 107860
Rental Performance: 0.0895
Owner Renatl Income 2022 Amount: 92110
Avertised Income 2021 Amount: 103985
Owner Rental Income 2021 Amount: 90970
Avertised Income 2021 Amount: 102545

Listing Agent Remarks

STUNNING INVESTMENT OPPORTUNITY! 23 WEEKS ALREADY ON THE BOOKS FOR 2022 - $104,000 AND CLIMBING!!! An oceanfront experience with protection from the elements on a semi-oceanfront lot with PRIVATE DEEDED ACCESS. (See photos in Associated Docs) This RENTAL MACHINE offers an unforgettable guest experience. With beautifully landscaped grounds, a 16' x 32' custom concrete solar heated pool, a custom built Tiki bar, and oversized 6-person hot tub, DMANFISH is built for FUN and sets a high standard for making lifelong memories. Repeating guests support consistent growth in year on year revenues. Not to be overlooked is the EXCELLENT LOCATION in an area where the beaches are wide and the dunes continue to build. Farrow Shores subdivision speaks for itself as a beautifully developed, quiet oceanside community. The top floor of the home welcomes you with beautiful ocean views, a grand open floor plan with a well-designed kitchen large enough to accommodate multiple cooks, and ample room at the 6-person bar for cocktails and hors d'oeuvres. Beautiful vaulted ceilings create a sense of spaciousness and windows galore flood the room with light. Broad decks wrap the oceanside and southside of the home, complete with a screened porch to enjoy dining alfresco. The newly renovated great room features a BOSE home theater system, new furnishings, new LVT flooring, with a fireplace and oceanview dining for 10. The top level also includes a roomy en suite king with oceanviews and beautifully finished bath with jacuzzi tub/shower. The mid-level offers a total of four bedrooms, two en suites and two that share a hall bath, all with access to oceanside decks. Level one features two en suite bedrooms, a half-bath to serve the gameroom and poolside festivities, capped off with a wet bar, ice maker, and full size refrigerator. Don't miss out on the chance to own a piece of heaven on spectacular Hatteras Island, just 3 miles south of the landing point of the soon-to-open "Jug Handle Bridge"! The home is located in a "Shaded X" zone, there have never been any flood claims on the property, no water in the home, all windows completely outfited with retractable hurricane shutters! To enjoy the Virtual Tour, copy and paste this link into a new broswer window: https://www.youtube.com/watch?v=IkGQ8fdDAUY

Directions

Head toward Cape Hatteras National Park and follow NC Highway 12 to Salvo. Just past Juliann Ct, turn left onto Farrow Drive. Turn right at the oceanfront, 27255 Farrow, Dmanfish, is on the left.

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 27255 Farrow Drive in Salvo is provided courtesy of Twiddy and Company - Corolla C: 252-333-5310. 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 27255 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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