Closing Price:
$455,750
5515 S Virginia Dare Trail, Nags Head, NC 27959
2 bd
2 ba
912 sq ft
MLS #: 124768
Status: Closed

Sold Details

Status: Closed
Sold Price: $455,750.00
Closing Date: 6/14/2024
Off Market Date: 5/23/2024
Contract Date: 5/28/2024
Seller Concessions: Yes
Concession Comments: $1,045 for repairs
Total Days on Market:
Cumulative Days on Market: 64
Due Diligence Date: 6/12/2024

Listing Information

Area: Nags Head Oceanside
Mls Status: Closed
Days On Market: 64
Cumulative Days On Market: 64
Listing Price: $455,750
Original Listing Price: $475,750
Possession: Close Of Escrow
Short Sale: No
Price Date: 3/29/2024
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: 912
Total Living Area Sq Ft: 912
Asking Price Per SqFt: $500.00
Heated Living Area Sq Ft: 912
BedroomsTotal: 2
Bathrooms Full: 2
Year Built: 1980
Garage: Carport
Sub Type: Condominium
Appliances: Dishwasher, Microwave, Refrigerator, Range/Oven
Parking: Parking Lot, Paved, Underground
Pool: Yes
Pool Type: Association
Pool Features: Association, Outdoor Pool
Cooling: Central Air, Heat Pump
Heating: Central, Electric
Flooring: Ceramic Tile

Legal Description

County: Dare
Subdivision: Admirals View
Deed Book: 2272
Deed Book Page Number: 0503
County Pin Number: 080118315552D1
Price Change: 6/14/2024
Road Surface: Paved, Public
Association Amenities: Outdoor-Comm. Pool

Lot Details

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

Property Expenses & Utilities

Tax Year: 2023
Annual Property Taxes: $2,395.00
Flood Zone: VE
Water Source: Municipal
Contract Status Change Date: 6/15/2024
Estimated Annual Fee Amt: $12,800.00
Sewer: Shared Septic
Association Fee Includes: Building Maintenance, Cable TV, Common Insurance, Flood Insurance, Maintenance Grounds, Management, Pool, Sewer/Septic
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Vinyl,Wood
Extras: Beach Access,Ceiling Fan(s),Covered Decks,Elevator,Smoke Detector(s),Outside Laundry Room
Fuel Tanks: None
HOA Contact Name: Signature Touch
Primary Residence: No
HOA Contact Info: 252-441-8857

Rental Income

Annual Rental Income: 53527
Rental Performance: 0.1174

Listing Agent Remarks

If you ever dreamed of owning an oceanfront property on the Outer Banks, this is your chance. And you don’t have to be a millionaire to do it! This bright, comfortable condo can be yours. It is ready for you and your family to enjoy. You can start a new chapter in your life, leave the hustle and bustle behind and discover all the treasures that the OBX has to offer. This can be your happy place, really – free of worries, filled with beach days, surfing, watching the sunrise over the Atlantic Ocean and so much more. This unit is perfect for somebody looking for a low maintenance, updated and well-maintained place. You don’t have to do anything here – the flooring has been replaced, popcorn ceilings scrapped, windows and sliders were also replaced (see a complete list of updates). Even some of the furniture is brand new. The condo building was also recently updated with all new decks and siding on the east side and it offers an elevator for those who don’t want to carry their suitcases and groceries. This condo has not been in a rental program, but it can easily be turned into a vacation rental home (and your investment home - rental projection for $53,527!). Nags Head is the place to be when it comes to a perfect vacation spot. It offers numerous attractions including the tallest living sand dune in the eastern Unites States - Jockey’s Ridge, Jennette’s Pier, lots of great restaurants (Blue Moon, Owen’s, Sugar Creek – just to name a few), lots of shops and miles of beautiful beaches for you to explore.

Directions

Off NC 158 going S, turn left onto E Epstein St, R onto Virginia Dare Trl. Condo building on the left. 1st level unit.

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 5515 S Virginia Dare Trail in Nags Head is provided courtesy of Brindley Beach Vacations & Sales - KH C: 252-261-2186. 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 5515 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.
For Immediate Service
252-441-3416 (Local OBX)
800-647-1868 (Toll Free)