Closing Price:
$899,000
2707 S Memorial Avenue, Nags Head, NC 27959
4 bd
3 ba
2700 sq ft
MLS #: 122048
Status: Closed

Sold Details

Status: Closed
Sold Price: $860,000.00
Closing Date: 1/22/2024
Contract Date: 9/11/2023
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 140
Due Diligence Date: 10/9/2023

Listing Information

Area: Nags Head between hwys
Mls Status: Closed
Days On Market: 140
Cumulative Days On Market: 140
Listing Price: $899,000
Original Listing Price: $935,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 1/22/2024
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: 2700
Asking Price Per SqFt: $333.00
Heated Living Area Sq Ft: 2700
BedroomsTotal: 4
Bathrooms Full: 3
Bathrooms Partial: 1
Year Built: 1996
Garage: Attached
Architectural Style: Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer
Roof: Metal
Foundation: Slab
Pool: No
Cooling: Central Air, Heat Pump
Interior Features: Beamed Ceilings, Cathedral Ceiling(s), Pantry
Heating: Central, Heat Pump
Room Type: Utility Room
Flooring: Carpet, Vinyl
Construction Materials: Frame

Legal Description

Section: 2
County: Dare
Subdivision: Nags Head Shores
Subdivision Name: Nags Head Shores Amended
Deed Book: 1886
Deed Book Page Number: 0491
County Pin Number: 989206490432
Price Change: 1/21/2024
Block: 6

Lot Details

Lot Size Acres: 0.17
Lot Size Dimensions: 50x150
Lot Size Square Feet: 7500
Waterfront: 2 - lots from oceanfront (3rd row
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2022
Annual Property Taxes: $3,817.00
Home Oner Insurance Expense: 1623
Wind Insurance: 4342
Water Source: Municipal
Yearly Water Expense: 595
Yearly Elecric Expense: 2234
Yearly Cable Tv Expense: 2760
Contract Status Change Date: 1/22/2024
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: Vinyl
Extras: Ceiling Fan(s),Outside Shower,Roof Top Deck,Inside Laundry Room
Fuel Tanks: None
HOA Contact Name: None
Primary Residence: No
HOA Contact Info: n/a

Rental Income

Annual Rental Income: 44010
Rental Performance: 0.0512
Owner Renatl Income 2023 Amount: 22599
Avertised Income 2023 Amount: 28825
Owner Renatl Income 2022 Amount: 28957
Avertised Income 2021 Amount: 35631
Owner Rental Income 2021 Amount: 28877
Avertised Income 2021 Amount: 37283

Listing Agent Remarks

Excellently maintained home in Nags Head located just a short stroll to the beach. The house has been in the same family since it was built. The owner limits the rents so very little wear and tear on the home. ***RENTAL PROJECTION FOR 2024 IF THE NEW OWNER DOESN'T LIMIT THE RENTAL WEEKS $44,010!*** Just three lots to the corner of Baltic and a straight shot to the beach. The ground level elevation on the survey shows 11 feet above sea level. Always been High and Dry, No Flood Insurance Required! This one is a winner! Downstairs HVAC brand new 2023 Inside and out, upstairs unit is about 5 years old. All the decks were replaced in 2019 and stained in 2021. All exterior door have been replaced as well. Approximate age of appliances Washer 2021 Dryer 2013 Dishwasher 2019 Refrigerator 2018 Oven/Range 2004. The Dare County Tax records have the house listed as 5 bedrooms but Health Dept. has it as 4 bedrooms. Lot next door to the north, is the septic field for the house in front of it on the beach road which will never be built on and creates a buffer from neighbors.

Directions

From Bypass East on Baltic take right on Memorial House on Left

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 2707 S Memorial Avenue in Nags Head is provided courtesy of Carolina Designs Realty C: 252-202-1043. 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 2707 S Memorial Avenue 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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