Closing Price:
$520,000
4905 S Virginia Dare Trail, Nags Head, NC 27959
3 bd
3 ba
1530 sq ft
MLS #: 123449
Status: Closed

Sold Details

Status: Closed
Sold Price: $535,000.00
Closing Date: 11/14/2023
Off Market Date: 10/17/2023
Contract Date: 10/22/2023
Seller Concessions: Yes
Concession Comments: $5,000 repair credit
Total Days on Market:
Cumulative Days on Market: 10
Due Diligence Date: 11/3/2023

Listing Information

Area: Nags Head Oceanside
Mls Status: Closed
Days On Market: 10
Cumulative Days On Market: 10
Listing Price: $520,000
Original Listing Price: $520,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 11/14/2023
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 1530
Asking Price Per SqFt: $340.00
Heated Living Area Sq Ft: 1530
BedroomsTotal: 3
Bathrooms Full: 3
Year Built: 1983
Garage: Carport
Sub Type: Condominium
Appliances: Dryer, Dishwasher, Refrigerator, Range/Oven, Washer
Roof: Asphalt
Parking: Underground
Pool: Yes
Pool Type: Association
Pool Features: Association, Outdoor Pool
Cooling: Central Air, Heat Pump
Interior Features: Wet Bar
Heating: Central, Heat Pump
Flooring: Carpet, Tile
Construction Materials: Block, Masonry

Legal Description

County: Dare
Subdivision: Quay Condo, The
Deed Book: 2358
Deed Book Page Number: 935-937
County Pin Number: 0801132422333B
Price Change: 11/13/2023
Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis

Lot Details

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

Property Expenses & Utilities

Tax Year: 2023
Annual Property Taxes: $3,713.00
Water Source: Municipal
Contract Status Change Date: 11/14/2023
Estimated Annual Fee Amt: $4,800.00
Sewer: Shared Septic
Association Fee Includes: Building Maintenance, Cable TV, Maintenance Grounds, Management, Pool, Sewer/Septic, Tennis Courts, Water
Association Fee Yes or No: Yes

Financials

Bank/Institution Owned: No
Extras: Beach Access,Boardwalk to Beach,Covered Decks,Storage Shed
Fuel Tanks: None
HOA Contact Name: Caroline Decker
Primary Residence: No
HOA Contact Info: carolined@vrobx.com

Rental Income

Annual Rental Income: 43650
Rental Performance: 0.0816

Listing Agent Remarks

Live on the oceanfront for under $600K! This spacious oceanfront condo is ready for you to make it your own. The Quay is a townhouse style, well maintained oceanfront community with a large community pool, tennis courts, and a private beach access. There are 3 bedrooms and 3 full bathrooms making this floor plan ideal for a second home or a vacation rental. There are 2 covered decks, and 2 west side facing decks, plus a lovely ocean view from the master bedroom suite. The 2 upstairs bedrooms are both en suites. Building B overlooks the ocean and beautifully landscaped common area leading to the private beach access, and is just a short walk to the pool. The large carport offers plenty of parking and a dry entry. Some items to note: HVAC from 2013. Outdoor shower is not working, had a previous leak. Fireplace is not in use. Upstairs guest bedroom (west side) slider is in need of repair. Microwave does not work. Monthly HOA Assessment is $400. Insurance is paid as a Special Assessment every year. The amount varies each year depending on the cost of the policy renewals. The assessment is split in half and paid in the months of April and May. 2023 Insurance Assessments = $3,000. Current Special Assessment: Roof Repair Assessment of $2000. Split in half and due in the months of July and November 2023. This work has been completed on all units. Rental projection on file.

Directions

Located on the ocean side of the Beach Road in Nags Head at approximately MP 14.

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 4905 S Virginia Dare Trail in Nags Head is provided courtesy of Coastal Carolina Vacations . 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 4905 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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