Closing Price:
$1,475,000
501 S Virginia Dare Trail, Kill Devil Hills, NC 27948
8 bd
3 ba
2385 sq ft
MLS #: 108910
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,270,000.00
Closing Date: 8/6/2021
Off Market Date: 6/2/2021
Contract Date: 6/19/2021
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 527
Due Diligence Date: 6/20/2021

Listing Information

Area: Kill Devil Hills Oceanside
Mls Status: Closed
Days On Market: 527
Cumulative Days On Market: 527
Listing Price: $1,475,000
Original Listing Price: $1,250,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 8/6/2021
Furnishing Available: No
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 2385
Asking Price Per SqFt: $618.00
Heated Living Area Sq Ft: 2385
BedroomsTotal: 8
Bathrooms Full: 3
Year Built: 1936
Architectural Style: Coastal, Historic, Cottage
Sub Type: Single Family Residence
Roof: Asphalt
Parking: Off Street, Paved
Foundation: Piling, Short Pilings
Pool: No
Cooling: Central Air, Heat Pump, Window Unit(s)
Heating: Central, Heat Pump, Other
Flooring: Carpet, Tile
Construction Materials: Block, Frame, Wood Siding

Legal Description

County: Dare
Subdivision: None
Deed Book: 2211
Deed Book Page Number: 0123
County Pin Number: 988420900147L2
Price Change: 8/5/2021

Lot Details

Lot Size Acres: 0.96
Lot Size Square Feet: 42000
Lot Features: Beach Frontage, Level, Waterfront
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2019
Annual Property Taxes: $3,771.00
Water Source: Municipal
Contract Status Change Date: 8/6/2021
Estimated Annual Fee Amt: $0.00
Sewer: Septic Tank
Association Fee Yes or No: No - Restrictive Covenants May Apply

Financials

Bill Of Sale Amoung: 0
Bank/Institution Owned: No
Exterior: Asbestos,Vinyl
HOA Contact Name: N/A
Primary Residence: No
HOA Contact Info: N/A

Rental Income

There is no rental income information available

Listing Agent Remarks

Rare opportunity to own a piece of the Outer Banks history. According to the sellers, the front cottage named the "Ruth Cottage" was the boat house for the Lifesaving Station that used to be located in Kill Devil Hills. a few properties to the south. When the station was decommissioned in 1933, the cottage was moved 100 yards north to where it sits now. On the day the Wright Brothers attempted their first flight, the Surfmen from the Coast Guard Station helped the Wright's move their flying machine to the top of Kill Devil Hill. It is safe to assume that the Wright Brothers have been inside of this cottage. The back cottage closest to the ocean was located from the Naval Shipyard in Norfolk and was used to house families on the base during WWII that were building ships during the war. In 1950, the current sellers family bought the property and it has been in the family ever since and they would love to see it preserved for generations to come. If you are interested in utilizing this large prime oceanfront lot for new construction, you will have endless possibilities that could result in a great investment property maximizing rental income. This location is next to a lift station so you should be able to tie into the central sewer which will allow you to build a large house. Please ask listing agent for plans and rental projections for new construction.

Directions

Located on the lot directly south of Shutters on the Banks.

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 501 S Virginia Dare Trail in Kill Devil Hills is provided courtesy of Twiddy and Company - Corolla C: 252-207-6143. 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 501 S Virginia Dare Trail in Kill Devil Hills 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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