Closing Price:
$799,000
$799,000
8717 S Old Oregon Inlet Road,
Nags Head, NC 27959
5 bd
4 ba
2600 sq ft
MLS #: 108097
Status: Closed
Sold Details
Status: Closed
Sold Price: $770,000.00
Closing Date: 3/30/2020
Contract Date: 2/24/2020
Seller Concessions: Yes
Concession Comments: $827 credit to buyer
Total Days on Market:
Cumulative Days on Market: 1011
Due Diligence Date: 3/20/2020
Listing Information
Area: S. N.H. East/Old Oregon R
Mls Status: Closed
Days On Market: 1006
Cumulative Days On Market: 1011
Listing Price: $799,000
Original Listing Price: $799,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 3/31/2020
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell
Building Details
Primary Heated Living Area Sq Ft: 2600
Asking Price Per SqFt: $307.00
Heated Living Area Sq Ft: 2600
BedroomsTotal: 5
Bathrooms Full: 4
Year Built: 1987
Garage: Carport
Architectural Style: Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: Dryer, Dishwasher, Ice Maker, Microwave, Refrigerator, Range/Oven, Washer
Roof: Asphalt
Foundation: Piling
Pool: No
Counter Tops: Laminate
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s), Wet Bar
Heating: Central, Heat Pump
Room Type: Foyer
Flooring: Carpet, Vinyl
Construction Materials: Frame, Wood Siding
Legal Description
Section: 5
County: Dare
Subdivision: Hollywood Beach
Subdivision Name: Hollywood Beach Sec 5 Amended
Deed Book: 2176
Deed Book Page Number: 0542
County Pin Number: 071909154640
Price Change: 3/30/2020
Block: 1
Road Surface: Paved, Public
Lot Details
Lot Size Acres: 0.54
Lot Size Dimensions: 50X470
Lot Size Square Feet: 23500
Lot Features: Beach Frontage, Waterfront
Waterfront: Ocean Front
View: Ocean
Property Type: Residential
Property Expenses & Utilities
Tax Year: 2019
Annual Property Taxes: $6,230.00
Home Oner Insurance Expense: 956
Flood Zone: VE
Flood Insurance Expense: 1554
Wind Insurance: 3670
Other Insurance: 354
Water Source: Municipal
Yearly Water Expense: 362
Yearly Expense: Actual
Yearly Elecric Expense: 1500
Yearly Telephone Expense: 1025
Yearly Cable Tv Expense: 2496
Contract Status Change Date: 3/31/2020
Estimated Annual Fee Amt: $0.00
Sewer: Septic Tank
Association Fee Yes or No: No - Restrictive Covenants May Apply
Financials
Bank/Institution Owned: No
Exterior: Cement Fiber Board
Extras: Beach Access,Boardwalk to Beach,Covered Decks,Jet Tub,Outside Shower,Storage Shed,Sun Deck
Primary Residence: No
Rental Income
There is no rental income information availableListing Agent Remarks
You’ll need to see this South Nags Head Oceanfront Best Buy!...2020 is the first season it's open for all seasons!..$54,930 for 2020 already…potential to have $80,000!...based on mid April through October full occupancy!...10% gross return!.. $96,875. advertised rental income projection with an added private pool and hot tub...11.3% gross return! The road to ocean homesite creates a very private feel….it’s like having your own beach! Incredible workmanship by Gibbs Construction. THE HOME HAS NEW PAINTED HARDEEPLANK SIDING, TRIM, SOFFITS, FASCIA, SUN DECKS, RAILINGS, PICKETS, AND TWO STAIRWELLS, PLUS A NEW ARCHITECTURAL ROOF. It’s an ideal vacation rental home. The moment you open the front door and see the dramatic two story foyer, it says welcome with a comfortable, inviting, bright and beachy feel. White Atlantic Cedar accent walls create an Old Nags Head cottage feel. Sit and watch the sunrises, dolphins and beach-goers from the dune-top deck or the wet bar with icemaker!...Vacationers love it!.. RECENT UPGRADES INCLUDE BATH LIGHT FIXTURES, KITCHEN UPGRADES INCLUDING A TILE BACK-SPLASH AND NEWER STAINLESS KITCHEN APPLIANCES, AND NEW LIVING ROOM FURNITURE. A full season rental projection $68,500….add a pool and hot tub and watch the rents soar! 2019 advertised rental income is $56,620 which includes many owner weeks and limited availability. Current survey in associated docs (pool addition will need lot coverage modification). Private walkway to the beautiful re-nourished beaches. Incredible central location with a very short walk to the Outer Banks Fishing Pier and Fish Heads Bar and Grill. Quick drive to the Jennette's Pier, Manteo waterfront, Oregon Inlet, and Cape Hatteras National seashore. Worth taking a look... for price, condition and location, it is a best buy for under $800,000!
Directions
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