Closing Price:
$1,249,500
3833 S Virginia Dare Trail, Nags Head, NC 27959
4 bd
3 ba
2314 sq ft
MLS #: 122966
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,100,000.00
Closing Date: 1/25/2024
Contract Date: 12/8/2023
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 130
Due Diligence Date: 1/12/2024

Listing Information

Area: Nags Head Oceanside
Mls Status: Closed
Days On Market: 130
Cumulative Days On Market: 130
Listing Price: $1,249,500
Original Listing Price: $1,399,500
Possession: Close Of Escrow, Subject To Tenant Rights
Short Sale: No
Price Date: 1/26/2024
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 2314
Asking Price Per SqFt: $540.00
Heated Living Area Sq Ft: 2314
BedroomsTotal: 4
Bathrooms Full: 3
Year Built: 1987
Garage: None
Architectural Style: Contemporary, Low Country, Nags Head, Coastal, Cottage
Sub Type: Condominium
Appliances: Dryer, Dishwasher, Refrigerator, Range/Oven, Washer
Roof: Asphalt
Parking: Parking Lot, Off Street, Paved
Foundation: Short Pilings
Pool: No
Sun Deck Size: Spacious
Counter Tops: Laminate
Cooling: Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s)
Heating: Electric, Heat Pump, Zoned
Room Type: Foyer
Flooring: Carpet, Tile
Construction Materials: Frame, Wood Siding

Legal Description

County: Dare
Subdivision: Ocean Gables
Subdivision Name: OCEAN GABLES
Deed Book: 1858
Deed Book Page Number: 31
County Pin Number: 98922081488001
Price Change: 1/25/2024
Road Surface: Paved, Public

Lot Details

Lot Size Acres: 0.86
Lot Size Dimensions: 80 X 466
Lot Size Square Feet: 37280
Lot Features: Beach Frontage, Level, Waterfront
Lot Faces: East
Water Frontage: 80
Waterfront: Ocean Front
View: Ocean, Park/Greenbelt
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2023
Annual Property Taxes: $5,341.00
Home Oner Insurance Expense: 6741
Flood Zone: AO,VE
Flood Insurance Expense: 3589
Water Source: Municipal
Contract Status Change Date: 1/26/2024
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
Electroni Locks: Leased
Bank/Institution Owned: No
Exterior: Cement Fiber Board,Shakes
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Hot Tub,Jet Tub,Outside Lighting,Outside Shower,Smoke Detector(s),Storm Doors,Sun Deck,Inside Laundry Room
Covered Deck Size: Yes!
Fuel Tanks: Leased
HOA Contact Name: NA
Primary Residence: No
Street Frontage : 80
HOA Contact Info: NA

Rental Income

Annual Rental Income: 104265
Rental Performance: 0.0948
Owner Renatl Income 2023 Amount: 60039
Owner Renatl Income 2022 Amount: 72785
Owner Rental Income 2021 Amount: 68388

Listing Agent Remarks

OCEANFRONT "2" UNIT CONDO DUPLEX - THIS IS THE NORTH UNIT B THAT IS FOR SALE ... ACROSS FROM JOCKEY'S RIDGE & SITUATED ON PRIME UNCROWDED SECTION OF THE BEACH ... THIS IS OCEANFRONT AT ITS BEST! This Home rents very well with Owner Income ranging in the $73,000yr range w/ current company. Sun Realty Projects 2024 Income $104,265 *** You will enter the home via the north Front Covered Porch to north side Main Entry Door ... Composite decking (easy on the feet and great for wear and tear), sunken Hot Tub on East Oceanfront Deck ... shared Walkway to Beach (this is a shared maintenance item with your neighbor who owns the other unit 3833A) ... this is a 2-unit Duplex Home on an 80-foot-wide Oceanfront Lot ... so you co-own the land with your neighbor, and you individually own your home. This includes a 1/2 interest in the platted 80 x 466 Oceanfront Lot upon which this home and the South attached unit are situated. *** Home needs some updates but priced accordingly. Home appears to have good bones and a great design - perfect for updating to make it fit your Lifestyle & Desires! *** Level 1 Features: Home Features Unique and Desirable Multi-Dimensional Window Display w/ Transoms which provide additional Natural Light ... You will feel like you are Outside at the Beach, and Experiencing the Warmth of the Sun, Gentle Ocean Breezes and waves breaking gently against the shore - All the while in the Quiet of this Beautiful Home! The Spacious Great Room (East - Oceanfront side of the Home) also Features High Ceilings * This Level also Features a Cozy Kitchen & Table Space area * There are 2 Bedrooms and a Hall Full Bath in the west wing of the home - you will love the Cozy Porches off the Bedrooms. (NOTE: Wood fireplace is non-functioning - best approach here is to replace it with a new gas fireplace insert) *** Level 2 Features 2 "Very Large" Ensuite Bedrooms with Huge spaces ... Tiled Showers, Japanese Soaking Tub in the East Oceanfront Bedroom and a Jet Tub in the West Ensuite Bedroom with a Huge Window Overlooking Jockey's Ridge * The East Oceanfront Bedroom Features Ocean Surf on Beach VIEWS FROM BED! * Door to Fiberglass Oceanfront Deck w/ absolutely Stunning Ocean Views ... the Sunrises are something to behold in Life! It just doesn't get any better than this ... other than the Sunsets! Here is an excerpt of the Carolina Shores Rental Ad: "A gracious oceanfront home with all the perks you expect. At As Time Goes By you can pamper yourself in the Japanese soaking tub or relax the hours away in the hot tub. This beautiful home features four bedrooms (two of which are MAIN ENSUITES), wet bar, private dressing areas, window seats and even original artwork. There is even a wine refrigerator. You will find As Time Goes By to be both contemporary and stylish! New Living Room Furniture for 2017! PROPERTY BEDDING: 1 KING, 2 QUEENS, 2 TWINS. TOP LEVEL: Master with King and Bath with a Japanese Soaking Tub, Master with Queen and Bath with a Jacuzzi Tub, GROUND LEVEL: Kitchen, Dining Area, Living Area, Bedroom with Queen, Full Hall Bathroom, Bedroom with Twins." *** Here is a Renter Review from 6-20-23 by Melissa O. from Williamsport, PA rated 5 of 5 for CLEANLINESS, LOCATION, PROPERTY CONDITION ... "Wonderful! We loved our stay at this home! The upstairs rooms are beautiful and lots of space! Downstairs bathroom was small for a shared bathroom, but we made it work. You couldn't ask for a better beach access. We enjoyed that VERY much!" "This home was perfect for our family, and we will be returning!" This is a "2 Unit" Condo ... Condo Docs Available to review *** Owners Rents 2021 @ $68,388, 2022 @ $72,785 and YTD 2023 @ 60,039 as of 7-25-23 * Sun Realty 2024 Projection @ $104,265 * Furnished (some exclusions) and Ready for you to collect Rental Income, Entertain Family & Friends, or just enjoy all to yourself! ... This Oceanfront Home is Unique and Amazing and Has Great Vibes ... and a Fabulous Location ... Come See! ... You'll Love i

Directions

Oceanfront ... Due East of Jockeys Ridge

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 3833 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 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 3833 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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