112 Duck Ridge Village Court, Duck, Nc 27949 main
112 Duck Ridge Village Court, Duck, Nc 27949 two
112 Duck Ridge Village Court, Duck, Nc 27949 three
112 Duck Ridge Village Court, Duck, Nc 27949 four
112 Duck Ridge Village Court, Duck, Nc 27949 five
112 Duck Ridge Village Court, Duck, Nc 27949 six
112 Duck Ridge Village Court, Duck, Nc 27949

10 owners
10
plum score

adjust possible shares to see calculations for more or less people

$2,159,000

target home price

$215,900

cost per share

$1,925 / mo

monthly cost

Active

status

CASH AT CLOSING PER SHARE
Down Payment
$43,180
Closing Cost
$12,954
Reserve Fund Deposit
$6,477
Total Cash at Closing
$62,611
Co-own this home
Details
6 bedrooms | 5 bath | 3,654 sqft

A great opportunity to acquire a rare, custom built home in the heart of picturesque Duck Village. (Never Rented), this is a personal home that was mainly used a few weeks each summer

This stunning property features 6 bedrooms and 4.5 bathrooms with 3,654 sq ft of living space. Built in 2013 by local ''Eco-Green'' builder, Tom Haddon Homes.

High-end features include dark bamboo hardwood flooring, recycled glass master shower, jade tile backsplash, custom carpeting, Aquasana home filtration, and other premium upgrades.

Relax on the covered porches that feature amazing views of the sound. Nestled in a quiet and close knit community located steps away from the best restaurants, shops, and local attractions in Duck NC.

I'm interested
House Usage
  • 10 shares total
  • 5 weeks a year per share

Calculated Costs per Share

112 Duck Ridge Village Court, Duck, NC 27949
CASH AT CLOSING PER SHARE
Down Payment
$43,180
Closing Cost
$12,954
Reserve Fund Deposit
$6,477
Total Cash at Closing
$62,611

This is an estimate of the amount of cash needed when closing on the purchase of a property financed with a 30 year Mortgage at 8.0% interest rate.

Plum’s estimate includes 20% of the value of the house as a down payment, 6% of the value of the house for closing costs (including Plum’s Group Success Fee) and 3% of the value of the house for the initial reserve fund.

ESTIMATED MONTHLY EXPENSES PER SHARE
Mortgage Payment
$1,267
Insurance/Taxes
$234
Repairs
$180
Maintenance
$180
Utilities
$41
Cleaning
$23
Total Expenses
$1,925
This total is an estimate of all the expected costs associated with owning a vacation home with a Plum certified ownership agreement.
Location, type of house, changes in interest rates and utilities can all change and affect the monthly cost throughout the term of ownership.
ESTIMATED MONTHLY INCOME PER SHARE
Monthly Income
$2,159
Total Monthly Income
$2,159

A good threshold for rental property investment is the 1% Rule (source). It states that you should only invest in rental property if you are reasonably confident that the property can rent for 1% of the sale price per month.

We’ve included that assumption here. It is critical that the group validate pricing, rental history, and future rental projections of any specific property before proceeding with a purchase. You can explore rental incomes of any property with this free estimation tool at Rabbu.com.

List Company
Beycome Brokerage Realty LLC
Last updated at
May 14th, 2024
List Agent

Steven T Koleno

804-656-5007

contact@beycome.com

Listings Access

Jessica M Keenan

Nest Reality

jessica.keenan@nestreality.com

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