Closing Price:
$2,675,000
$2,675,000
3501 S Virginia Dare Trail,
Nags Head, NC 27959
8 bd
6 ba
4104 sq ft
MLS #: 119688
Status: Closed
Sold Details
Status: Closed
Sold Price: $2,575,000.00
Closing Date: 2/10/2023
Off Market Date: 7/29/2022
Contract Date: 1/1/2023
Seller Concessions: Yes
Concession Comments: $10,000 credit to buyer
Total Days on Market:
Cumulative Days on Market: 172
Due Diligence Date: 1/31/2023
Listing Information
Area: Nags Head Oceanside
Mls Status: Closed
Days On Market: 171
Cumulative Days On Market: 172
Listing Price: $2,675,000
Original Listing Price: $2,999,500
Possession: Close Of Escrow
Short Sale: No
Price Date: 2/10/2023
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell
Building Details
Primary Heated Living Area Sq Ft: 4104
Asking Price Per SqFt: $652.00
Heated Living Area Sq Ft: 4104
BedroomsTotal: 8
Bathrooms Full: 6
Bathrooms Partial: 2
Year Built: 2003
Garage: 1 Car,Attached,Carport
Architectural Style: Contemporary, Reverse Floor Plan, Coastal, Cottage
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Dryer, Dishwasher, Microwave, Refrigerator, Refrigerator w/Ice Maker, Range/Oven, Washer
Roof: Asphalt
Parking: Off Street, Paved, Underground
Foundation: Piling, Slab
Pool: Yes
Pool Type: Private
Pool Features: Concrete, Heated, In Ground, Outdoor Pool, Private
Counter Tops: Laminate
Cooling: Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s), Pantry
Heating: Electric, Heat Pump, Zoned
Room Type: Game Room, Home Theater
Flooring: Carpet, Tile
Construction Materials: Frame, Wood Siding
Legal Description
County: Dare
Subdivision: Geo T Stronach
Subdivision Name: George T. Stronach
Deed Book: 2479
Deed Book Page Number: 0151
County Pin Number: 989211657159
Price Change: 2/9/2023
Road Surface: Paved, Public
Lot Details
Land Tax Value: 783000
Total Assessed Value: 1417900
Lot Size Acres: 0.46
Lot Size Dimensions: 50 x 410
Lot Size Square Feet: 20000
Lot Features: Beach Frontage, Level, Waterfront
Lot Faces: EAST
Water Frontage: 50
Waterfront: Ocean Front
View: Ocean
Property Type: Residential
Property Expenses & Utilities
Tax Year: 2021
Annual Property Taxes: $12,066.00
Home Oner Insurance Expense: 6404
Flood Zone: VE,X
Other Expenses 3: 12250
Water Source: Municipal
Yearly Water Expense: 1600
Other Yearly Expense: 2925
Pool Or Spa Expense: 4110
Yearly Elecric Expense: 6400
Yearly Telephone Expense: 828
Yearly Cable Tv Expense: 775
Contract Status Change Date: 2/10/2023
Estimated Annual Fee Amt: $0.00
Sewer: Septic Tank
Other Expenses 2: 3000
Association Fee Yes or No: No - Restrictive Covenants May Apply
Financials
Bill Of Sale Amoung: 1
Electroni Locks: Leased
Bank/Institution Owned: No
Exterior: Shakes,Vinyl
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Elevator,Fenced Yard,Handicap Friendly,Hot Tub,Jet Tub,Landscaped,Lawn Sprinklers,Outside Lighting,Outside Shower,Smoke Detector(s),Sun Deck,Tiki Bar,Roof Top Deck,Dry Entry,Inside Laundry Room
Fuel Tanks: Leased
HOA Contact Name: None
Primary Residence: No
Street Frontage : 50
HOA Contact Info: None
Rental Income
Annual Rental Income: 299470
Rental Performance: 0.1163
Owner Renatl Income 2023 Amount: 153217
Owner Renatl Income 2022 Amount: 309847
Owner Rental Income 2021 Amount: 286926
Listing Agent Remarks
INCREDIBLE $309,847 RENTS YTD 2022 ... This is a 12% RETURN!!! *** EXCELLENT CASH FLOW! *** SWIM UP TIKI BAR & AWESOME HEATED POOL * ELEVATOR * JOSHUA'S TIKI HUT IS AN 8 BEDROOM OCEANFRONT IN NAGS HEAD W/ TROPICAL GORGEOUS LANDSCAPING * Tax Plat shows Land Dimensions: 50 feet by 410 feet *** Located Milepost 11.8 approx. on the Beach Road *** Lush Island Landscaping w/ Volley Ball Court * Big Driveway for plenty of Guest and Family Parking *** MULTIPLE En Suite Master BR's w/ Full Baths (6 Full Baths and 2 Half Baths) * Primary Powder Room just off the Great Room for guests *** Starting on the Top Level 3 - You will love the Large Open Great Room - with Tile Flooring w/ Custom Interior Finishes and Furnishings * Cozy Kitchen w Double Refrigerators * High Ceilings, Tahiti Ceiling Fans, Gas Fireplace w/ Built in Entertainment Center * No Matter where you are in the Great Room you have a Fabulous Ocean View! * Check out the Porch just past the Power Room - Great Space for Privacy * North side Main En suite Bedroom w/ 2nd FIREPLACE w/ spacious Full Bath & Private Oceanfront Sundeck * Expansive rear Sun Deck off Great Room - great space to Entertain or to just enjoy the nearly 180-degree Ocean Views, the smell of the salt in the air & the gentle waves releasing on the Beach! *** Level 2 Features Multiple En suite Master Bedrooms w Full Baths & Oceanside Deck the width of the home - with access from the bedrooms * Main Front Entry Foyer mid-level between Level 1 and 2 * Level 1 Features a Huge Open Great Room with tile floor, Kitchenette, Pool Table, Theater Room w/ Bar Seating! Sliders out to FABULOUS TIKI BAR (DOUBLE LAUNDRY LOCATIONS) *** Custome 2 Level Hot Tub/ Concrete Heated Pool w/ Tile Coping w/ SWIM UP to HUGE TIKI BAR * HUGE HOT TUB ON ROOF OVEER TIKI BAR AND ACCESSIBLE FROM MID-LEVEL DECK/BEDROOMS - PRIVATE & YET OPEN *** Home Rents w Pets - there is a dedicated pet area on the east side of the Pool w/ green grass *** You will want to head out past the pool gate to the Dune - Check out the Dune Top Platform Sun Deck - what a great place to take in the beach & the View or sit out on a starry night - the Constellations & The Milkey Way will WOW you as will the SUNRISES OVER THE OCEAN ... a great place to have your morning Coffee! *** Just South of Nags Head Pier * Close to all kinds of shopping, restaurants, and Family Fun ... miniature Golf, go karts, Wright Brothers Monument, Jockey's Ridge, Pirates Cove & Oregon Inlet Fishing Centers, Downtown Manteo & so much more! *** Joshua's Tiki Hut is offered fully furnished (with only exclusions of owner locked closet items, artificial plants and throw rugs) *** JOSHUA'S TIKI HUT is (and has been) a STRONG RENTAL INCOME PRODUCING INVESTMENT ... See Rental Company Beach Realty K1213 Joshua's Tiki Hut Photos & Description at rental Website Link: https://www.beachrealtync.com/outer-banks-rentals/joshuas-tiki-hut *** 2021 Owner Rents totaled $286,926 *** 2022 Rents are $309,847 ... A 12% RETURN! *** 2023 is Booking now! *** Owner projecting 2023 rents will be stronger in 2023 *** You will Love this Oceanfront Home ... Come see!
Directions
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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 3501 S Virginia Dare Trail in Nags Head is provided
courtesy of Coldwell Banker Seaside Realty KH C: 252-202-3834. Information is believed to be accurate but is not
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means the property at 3501 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
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