Closing Price:
$1,699,000
2233 S Virginia Dare Trail, Nags Head, NC 27959
8 bd
7 ba
4630 sq ft
MLS #: 107756
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,635,000.00
Closing Date: 5/15/2020
Contract Date: 3/22/2020
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 76
Due Diligence Date: 5/8/2020

Listing Information

Area: Nags Head Oceanside
Mls Status: Closed
Days On Market: 76
Cumulative Days On Market: 76
Listing Price: $1,699,000
Original Listing Price: $1,724,900
Possession: Close Of Escrow
Short Sale: No
Price Date: 5/18/2020
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: 4630
Asking Price Per SqFt: $367.00
Heated Living Area Sq Ft: 4630
BedroomsTotal: 8
Bathrooms Full: 7
Bathrooms Partial: 1
Year Built: 2002
Garage: Carport
Architectural Style: Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Countertop Range, Disposal, Dryer, Dishwasher, Ice Maker, Microwave, Refrigerator w/Ice Maker, Washer, Wall Oven
Roof: Asphalt
Parking: Off Street, Underground
Foundation: Piling, Slab
Pool: Yes
Pool Type: Private
Pool Features: Concrete, Gunite, Heated, In Ground, Outdoor Pool, Private
Counter Tops: Granite,Silestone
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s), Cedar Closet(s), Wet Bar, Walk-In Closet(s)
Heating: Central, Heat Pump
Room Type: Breakfast Nook, Foyer, Game Room, Loft, Office
Flooring: Carpet, Ceramic Tile, Marble, Plank, Vinyl Tile
Construction Materials: Frame, Wood Siding

Legal Description

Section: A
County: Dare
Subdivision: Nags Head Shores
Subdivision Name: Nags Head Shores Revised Blk A
Deed Book: 1958
Deed Book Page Number: 0028
County Pin Number: 989318320343
Price Change: 5/17/2020
Block: a
Road Surface: Paved, Public

Lot Details

Lot Size Acres: 0.57
Lot Size Dimensions: 50 x 485
Lot Size Square Feet: 24638
Lot Features: Beach Frontage, Waterfront
Lot Faces: E
Water Frontage: 50
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2019
Annual Property Taxes: $10,131.00
Home Oner Insurance Expense: 1964
Flood Insurance Expense: 739
Wind Insurance: 5829
Water Source: Municipal
Yearly Water Expense: 1491
Yearly Expense: Actual
Yearly Elecric Expense: 7293
Contract Status Change Date: 5/18/2020
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: Cement Fiber Board
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Elevator,Hot Tub,Jet Tub,Landscaped,Lawn Sprinklers,Outside Lighting,Outside Shower,Patio,Security System,Sun Deck,Dry Entry,Inside Laundry Room
Primary Residence: No
Street Frontage : 50

Rental Income

Annual Rental Income: 178601
Rental Performance: 0.1092

Listing Agent Remarks

Upscale, high quality home, in great condition, with panoramic ocean views, generating high annual rental income, in one of the nicest and most stable oceanfront locations: High Income Ratio over 10%; check. High quality construction, attractive & functional design, good condition & owner care; check. Protected / stable location, solid dune line, great views, quiet beach; double check! This property checks all the boxes and provides a great investment vacation home value for a buyer. High 2019 owners rents of $178,601 (with one owner week of 6/22 added back in), $199,000 2019 advertised rents, and higher totals expected for 2020 with rate increase! Seeking a high end, great condition, & well cared for Oceanfront home, with the safest and most stable dune around, with a wide quiet beach, amazing views, and great rental numbers...?... well this "Carolina Dream" home is it! Truly custom built with high-end finishes throughout, positioned on a large, deep, well landscaped lot, along one of the nicest stretches of the beach on the Outer Banks. The open home design offers dramatic Ocean Views thru the 32' of East facing glass and from the extensive decking. Floorplan provides large living areas, 8 bedrooms with 7 masters, high-end gourmet kitchen w/ granite counters, mid level sitting area / office, rec room with pool table & wet bar, loft, breakfast nook, many areas to spread out. This well thought out home offers everything renters desire, including custom gunite heated pool, with attached kiddie pool, built-in hot tub, new 2nd hot tub (2020), ELEVATOR, 2 wet bars, large dune top deck with built in seating, etc, etc. Upscale kitchen and baths, with quality cabinets, granite counter tops, backsplash tile, stainless steel appliances. Each bathroom is a showplace, all with granite or silestone vanity tops, no builders grade here, all baths tile or marble, upgraded Kohler plumbing fixtures, full height beveled mirrors, (4)custom tile showers including a handicap friendly room & bath. Professionally decorated and accessorized, with all the electronics you should expect in a luxury home. Very well maintained by conscientious quality minded owners, with new, low maintenance Luxury Vinyl Tile flooring in hallways and common areas, new 2019 roof, 2019 pool whitecoat, new 2020 extra hot tub on rear deck, new 2020 high quality outdoor ping pong table, 2020 new granite poolside bar top going in April, so many off-season updates completed so the home is turn-key and ready for owner and guests enjoyment. The benefit of the fully vegetated dune and this accreting beach can't be overstated, and provides the protection desired on the Oceanfront. Never any storm damage! Never any beach nourishment needed or done here, and no extra tax expense for that like some other areas. Sodded, irrigated, attractive landscaped grounds. Convenient central location, use Nags Head's detached bike bath to walk to Red Drum, Surfing Spoon, Harris Teeter and others. With the best combination of bedrooms, features, amenities, location, this property produces high, consistent rental income with increases year after year. Rental Ratio over 10%, with a ready to enjoy property. (Call for cash flow analysis) Perfect opportunity for a buyer / investor to close prior to 2020 rental season with no off season carrying costs. All off season updates, including off season maintenance, deep clean, etc, done by homeowners (see update list in associated documents). (Listed rental income reflects in-season owner use, see rental reports) This home will be a pleasure to show and own, call for an appointment to view today!

Directions

Oceanfront by Gallery Row, just North of Driftwood Street.

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 2233 S Virginia Dare Trail in Nags Head is provided courtesy of Outer Banks Realty Group . 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 2233 S Virginia Dare Trail in Nags Head 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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