Closing Price:
$1,199,000
$1,199,000
8229 S Old Oregon Inlet Road,
Nags Head, NC 27959
10 bd
7 ba
4430 sq ft
MLS #: 102644
Status: Closed
Sold Details
Status: Closed
Sold Price: $1,155,000.00
Closing Date: 1/7/2019
Contract Date: 11/16/2018
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 191
Listing Information
Area: S. N.H. East/Old Oregon R
Mls Status: Closed
Days On Market: 190
Cumulative Days On Market: 191
Listing Price: $1,199,000
Original Listing Price: $1,199,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 1/7/2019
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell
Building Details
Primary Heated Living Area Sq Ft: 4430
Asking Price Per SqFt: $271.00
Heated Living Area Sq Ft: 4430
BedroomsTotal: 10
Bathrooms Full: 7
Bathrooms Partial: 2
Year Built: 1999
Architectural Style: Contemporary, Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer, Wine Cooler
Roof: Asphalt
Parking: Parking Lot, Paved
Foundation: Piling, Slab
Pool: Yes
Pool Type: Private
Pool Features: Fiberglass, In Ground, Outdoor Pool, Private
Counter Tops: Marble,Solid Surface
Cooling: Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s), Pantry, Wet Bar
Heating: Electric, Heat Pump, Zoned
Room Type: Foyer, Game Room
Flooring: Tile, Laminate
Construction Materials: Frame, Wood Siding
Legal Description
Section: 3
County: Dare
Subdivision: Bodie Isl Beach
Deed Book: 1572
Deed Book Page Number: 0182
County Pin Number: 080020900398
Price Change: 1/6/2019
Road Surface: Paved, Public
Lot Details
Lot Size Acres: 0.41
Lot Size Square Feet: 18000
Lot Features: Beach Frontage, Level, Waterfront
Waterfront: Ocean Front
View: Ocean
Property Type: Residential
Property Expenses & Utilities
Tax Year: 2018
Annual Property Taxes: $9,490.00
Flood Zone: VE
Water Source: Municipal
Contract Status Change Date: 1/7/2019
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: Vinyl
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Central Vacuum,Covered Decks,Fenced Yard,Hot Tub,Jet Tub,Outside Lighting,Outside Shower,Patio,Smoke Detector(s),Sun Deck,Dry Entry
Primary Residence: No
Rental Income
Annual Rental Income: 191000
Rental Performance: 0.1654
Listing Agent Remarks
One of the most sought after locations in all of South Nags Head with a highly vegetated stable dune for extra protection from Nor'easters. Located along a 4 mile stretch of private oceanfront beaches. This 10 bedroom investment home generated 10% GRI in 2017 and already has $133,975 on the books for 2018 (12% return). Seller limits rental weeks, so investor buyer could open all spring and fall calendar to generate higher income. Recent upgrades include; stainless steel appliances, updated baths, and newer laminate flooring in great room. The views from the top level are outstanding with lots extra windows to add an abundance of natural light. The floor plan is open and spacious, perfect for a large crowd to gather. Top Level includes; great room with amazing ocean and beach views, gas fireplace (not connected), dining table seats 16 to 18, wet bar with custom cabinets & wine cooler, and 2 master suites. Mid Level: Large open main entry, 5 bedrooms, 2 with private access to east side deck with hot tub. Ground Level: Huge game room with wet bar, full size 2nd refrigerator, microwave, and dishwasher. 3 Bedrooms, full shared hall bath, jack and jill bath, and 1/2 bath accessible from pool, and a 12x32 private pool. In 2017 Serenity generated $120,910, and 2016, over $124,000. Already $133,975 on the books for 2018. Consistent income producer and perfect for any investor. BRAND New Quartz countertops being installed in Kitchen, Wet bar area on Top Level, and countertop on ground level in game room.
Directions
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Program of the Outer Banks Association of REALTORS. This property located at 8229 S Old Oregon Inlet Road in Nags Head is provided
courtesy of Coldwell Banker Seaside Realty - KDH C: 252-202-2375. Information is believed to be accurate but is not
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means the property at 8229 S Old Oregon Inlet Road in Nags Head is no longer available for sale. If you are interested in this property
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