Closing Price:
$525,000
8123 Old Oregon Inlet Road, Nags Head, NC 27959
2 bd
2 ba
950 sq ft
MLS #: 123369
Status: Closed

Sold Details

Status: Closed
Sold Price: $488,000.00
Closing Date: 12/7/2023
Contract Date: 11/5/2023
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 57
Due Diligence Date: 11/25/2023

Listing Information

Area: S. N.H. East/Old Oregon R
Mls Status: Closed
Days On Market: 57
Cumulative Days On Market: 57
Listing Price: $525,000
Original Listing Price: $549,900
Possession: Close Of Escrow
Short Sale: No
Price Date: 12/8/2023
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: 950
Asking Price Per SqFt: $553.00
Heated Living Area Sq Ft: 950
BedroomsTotal: 2
Bathrooms Full: 2
Year Built: 1985
Garage: Carport
Architectural Style: Contemporary
Sub Type: Condominium
Appliances: Dishwasher, Microwave, Refrigerator, Range/Oven, Stackable Washer/Dryer
Roof: Tar/Gravel
Parking: Parking Lot, Paved
Foundation: Masonry
Pool: Yes
Pool Type: Association
Pool Features: Association, In Ground, Outdoor Pool
Counter Tops: Laminate
Cooling: Central Air, Heat Pump
Heating: Central, Forced Air, Heat Pump
Flooring: Laminate
Construction Materials: Block

Legal Description

County: Dare
Subdivision: Pierview Oceanfront Condos
Deed Book: 2641
Deed Book Page Number: 0669
County Pin Number: 08002081627428
Price Change: 12/7/2023
Road Surface: Paved, Public
Association Amenities: Board Walk, Common Area, Ocean Access, Outdoor-Comm. Pool

Lot Details

Lot Features: Beach Frontage, Level, Waterfront
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2023
Annual Property Taxes: $2,184.00
Home Oner Insurance Expense: 915
Flood Zone: AE
Water Source: Municipal
Yearly Elecric Expense: 1032
Contract Status Change Date: 12/8/2023
Estimated Annual Fee Amt: $5,160.00
Sewer: Shared Septic
Association Fee Includes: Building Maintenance, Cable TV, Electricity, Common Insurance, Flood Insurance, Maintenance Grounds, Management, Pool, Sewer/Septic, Water, Walkways
Association Fee Yes or No: No - Restrictive Covenants May Apply

Financials

Bill Of Sale Amoung: 1
Electroni Locks: Owned
Bank/Institution Owned: No
Exterior: Stucco
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Outside Lighting,Sun Deck,Dumbwaiter/Lift
Fuel Tanks: None
HOA Contact Name: Jenna Hurdle
Primary Residence: No
HOA Contact Info: 252-423-0761

Rental Income

There is no rental income information available

Listing Agent Remarks

Beautiful Ocean Side Condo in Pier View Community!! These do not come on the market very often! This well-maintained community offers two swimming pools, gorgeous wide beaches just south of Jennette's Pier and north of The Outer Banks Fishing Pier yet close enough to walk to all the events and restaurants in the area! This top-level condo offers ocean views from each of the two bedrooms, the balcony and even the front entry deck. It has a beautiful coastal theme throughout this gorgeous condo! The master bedroom has amazing ocean views from the bed! It is very spacious with a dressing area and large master bath with a soaking tub. The second bedroom also has ocean views and plenty of sleeping! There is a stackable washer/dryer in the hallway for convenience. This 3rd floor condo has a cargo lift for luggage and groceries! The ocean front building to the right of this building has a unique feature of offering two large, covered ocean front deck for enjoying the beach and ocean views without getting in the sun and there is another open oceanfront deck on the top level with lounge chairs for enjoying the ocean. Both of these spaces are accessible by elevator and would make a great spot for having happy hour at the ocean without getting sandy! Plenty of parking here with a huge parking lot, basketball hoop, playground and large grassy area! This is a gorgeous community and very well maintained by the HOA! This unit has a new HVAC installed in 2020. Rentals are consistently strong, and the owners use a number of weeks for themselves that you gain you approximately another $7,000 per season in addition to the current rental income. Owners do a great job of self-managing the rental income with consistent bookings; however, I also have a projection from a local management company to take care of it for you! Gross rents are with taxes and therefore the owner rental income is the net to the owner without other management fees. 2023 Rental income was lower due to a change in the booking platform during the high booking season and owner use.

Directions

Condo on 3rd floor on the first building on the left (north side of community)

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 8123 Old Oregon Inlet Road in Nags Head is provided courtesy of Blue Horizon Realty bluehorizonrealty@gmail.com. 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 8123 Old Oregon Inlet Road 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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