Closing Price:
$540,000
$540,000
8807 B S Old Oregon Inlet Road,
Nags Head, NC 27959
4 bd
2 ba
1344 sq ft
MLS #: 113867
Status: Closed
Sold Details
Status: Closed
Sold Price: $560,000.00
Closing Date: 5/27/2021
Contract Date: 4/16/2021
Seller Concessions: Yes
Concession Comments: 10,000 seller credit
Total Days on Market:
Cumulative Days on Market: 4
Due Diligence Date: 4/30/2021
Listing Information
Area: S. N.H. East/Old Oregon R
Mls Status: Closed
Days On Market: 2
Cumulative Days On Market: 4
Listing Price: $540,000
Original Listing Price: $540,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 5/28/2021
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell
Building Details
Primary Heated Living Area Sq Ft: 1344
Asking Price Per SqFt: $402.00
Heated Living Area Sq Ft: 1344
BedroomsTotal: 4
Bathrooms Full: 2
Year Built: 1979
Architectural Style: Reverse Floor Plan, Coastal
Sub Type: Condominium
Appliances: Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer
Roof: Asphalt
Foundation: Piling
Pool: No
Counter Tops: Laminate
Cooling: Central Air, Heat Pump
Interior Features: Beamed Ceilings, Cathedral Ceiling(s)
Heating: Central, Heat Pump
Flooring: Carpet, Ceramic Tile
Legal Description
Section: 5
County: Dare
Subdivision: Mariners Landg
Deed Book: 1311
Deed Book Page Number: 0086
County Pin Number: 071909157041C1
Price Change: 5/27/2021
Block: 2
Association Amenities: Ocean Access
Lot Details
Lot Features: Level
Waterfront: Semi-Oceanfront (2nd row)
View: Ocean
Property Type: Residential
Property Expenses & Utilities
Tax Year: 2021
Annual Property Taxes: $3,190.00
Home Oner Insurance Expense: 2290
Flood Zone: AO,X
Flood Insurance Expense: 757
Other Insurance: 75
Water Source: Municipal
Yearly Elecric Expense: 1318
Yearly Cable Tv Expense: 1699
Contract Status Change Date: 5/28/2021
Estimated Annual Fee Amt: $1,203.00
Sewer: Septic Tank
Association Fee Includes: Common Insurance, Other-See Remarks, Water
Association Fee Yes or No: Yes
Financials
Bill Of Sale Amoung: 1
Electroni Locks: None
Bank/Institution Owned: No
Exterior: Shakes
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Outside Shower,Sun Deck
Fuel Tanks: None
HOA Contact Name: Keith Benjamin
Primary Residence: No
HOA Contact Info: keithbenjamin@yahoo.com
Rental Income
Annual Rental Income: 37635
Rental Performance: 0.0672
Owner Rental Income 2021 Amount: 30920
Listing Agent Remarks
South Nags Head Semi-Oceanfront 4 bedroom with Stunning Ocean Views and direct Beach Access. Mariner's Landing single family home with condo ownership. In South Nags Head there are several "cottage courts" that were developed in the late 70's and early to mid 80's that were owned by a single individual or entity. The land size was typically 100 feet on the ocean by 500-600 feet deep. On these land tracts were built 4-6 homes. Then when the owners decided to sell their property, in order to maximize the value of the property, they "condominiumized" the land and homes so that each cottage could then be sold individually. Within Mariners Landing there are 4 cottages. The land tract is oceanfront - so the 4 cottage owners collectively own the oceanfront land tract on which the 4 cottages are situated. Each cottage has use and enjoyment of the common area and each cottage has its own limited common area for its own use - parking, yard, etc. This home is semi-oceanfront with a permanent unobstructed ocean views that are difficult to find in this price range. Once you walk out the door you can be sitting in your favorite chair on the beach in just a minute. This home features 4 bedrooms and 2 baths, typical design of the day. There is an open upper level living area with an updated kitchen, dining area and great room with high beamed ceilings and tons of light. The top level sun decks take in the beautiful ocean views. Owners have made updates over time including recent siding and exterior paint, renovated top level, new kitchen, furnishings, appliances and more. Rents have been consistent year after year but owner only rents June - August and takes in season owner time. There is more rental potential with this great home with a full year rental projection of $37,635 on file. This is an amazing opportunity to own a property that is one lot from the oceanfront, oceanside with no road to cross, direct beach access and amazing ocean views! This is a must see. Don't wait!
Directions
S. OLD OREGON INLET ROAD ...ALMOST DIRECTLY ACROSS FORM THE NAGS HEAD FIRE DEPARTMENT STATIONOfficial MLS Disclaimer
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