Closing Price:
$2,299,000
2701 S Virginia Dare Trail, Nags Head, NC 27959
8 bd
7 ba
4000 sq ft
MLS #: 117354
Status: Closed

Sold Details

Status: Closed
Sold Price: $2,250,000.00
Closing Date: 4/22/2022
Off Market Date: 2/21/2022
Contract Date: 3/13/2022
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 32
Due Diligence Date: 4/3/2022

Listing Information

Area: Nags Head Oceanside
Mls Status: Closed
Days On Market: 32
Cumulative Days On Market: 32
Listing Price: $2,299,000
Original Listing Price: $2,299,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 4/22/2022
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 4000
Asking Price Per SqFt: $575.00
Heated Living Area Sq Ft: 4000
BedroomsTotal: 8
Bathrooms Full: 7
Bathrooms Partial: 1
Year Built: 2004
Garage: None
Architectural Style: Contemporary, Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Refrigerator, Dryer, Dishwasher, Microwave, Refrigerator, Range/Oven, Washer
Roof: Asphalt
Parking: Paved
Foundation: Piling, Slab
Pool: Yes
Pool Type: Private
Pool Features: Fiberglass, Heated, In Ground, Outdoor Pool, Private
Sun Deck Size: Large
Counter Tops: Other
Cooling: Central Air, Zoned
Interior Features: Cathedral Ceiling(s), Pantry
Heating: Central, Heat Pump, Zoned
Flooring: Carpet, Ceramic Tile, Hardwood
Construction Materials: Frame, Wood Siding

Legal Description

Section: 2
County: Dare
Subdivision: Nags Head Shores
Subdivision Name: Nags Head Shores Amended 2
Deed Book: 1949
Deed Book Page Number: 0362
County Pin Number: 989206494718
Price Change: 4/21/2022
Block: 1
Road Surface: Paved, Public

Lot Details

Lot Size Acres: 0.48
Lot Size Dimensions: 50’X421’
Lot Size Square Feet: 20750
Lot Features: Beach Frontage, Waterfront
Lot Faces: E
Water Frontage: 62
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2021
Annual Property Taxes: $8,205.00
Flood Zone: VE
Water Source: Municipal
Contract Status Change Date: 4/22/2022
Estimated Annual Fee Amt: $0.00
Sewer: Non Conventional Septic
Association Fee Yes or No: No - Restrictive Covenants May Apply

Financials

Bill Of Sale Amoung: 1
Electroni Locks: Owned
Bank/Institution Owned: No
Exterior: Cement Fiber Board,Wood
Extras: Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Elevator,Fenced Yard,Hot Tub,Jet Tub,Smoke Detector(s),Sun Deck
Fuel Tanks: Leased
HOA Contact Name: N/A
Primary Residence: No
Street Frontage : 50
HOA Contact Info: N/A

Rental Income

Annual Rental Income: 273215
Rental Performance: 0.1214
Avertised Income 2021 Amount: 191362
Avertised Income 2021 Amount: 208346

Listing Agent Remarks

A wonderful oceanfront property awaits with 200k plus in rental income, sensational ocean views and a stable vegetated dune for added protection! One of the best dune lines in all of Nags Head. This quality constructed 8 bedroom (5 primary bedrooms have a private bath) home offers an elevator accessible to all 3 floors, a reverse style living that takes advantage of those stunning water views, a functional open-concept floor-plan, a freshly renovated kitchen with plenty of cabinetry for storage, and a game room with a kitchenette. The top-level boasts; a generous great room with custom built-ins, a cozy gas fireplace, hardwood floors in the dining room, a large sun deck; eat-in bar for 4, new tile floors and countertops, new dishwasher, range/oven and microwave; a loft area, a powder bath, and a primary bedroom with a private ensuite bath. The mid-level offers 4 more spacious bedrooms; all have a private baths and 2 of the bedrooms have a private deck access perfect for being lulled to sleep by the sound of the ocean waves, and the conveniently located washer/dryer. The ground level features a large game room, a slider to the pool area and outdoor shower, a kitchenette complete with a full size refrigerator, wet bar, and microwave. There are also 3 more bedrooms on this level; 2 of the bedrooms have a private access to the shared bath (Jack and Jill). The exterior features a private heated pool, with an amazing 360 degree pool slide, and a large dune top deck with built-in seating.This property has all you need to begin building memories in the heart of Nags Head. Close proximity to shopping, dining and entertainment. Consistent money maker for any investor $208,346 in income for 2021, and on tract to do more this year with 191,362 YTD for 2022. At the buyer's option, it may be possible move VRBO guests to any management company.

Directions

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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 2701 S Virginia Dare Trail 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 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 2701 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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