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Closing Price:
$1,199,999
8137 Old Oregon Inlet Road, Nags Head, NC 27959
8 bd
6 ba
4018 sq ft
MLS #: 76644
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,090,000.00
Closing Date: 5/29/2013
Contract Date: 2/22/2013
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 224

Listing Information

Area: S. N.H. East/Old Oregon R
Mls Status: Closed
Days On Market: 224
Cumulative Days On Market: 224
Listing Price: $1,199,999
Original Listing Price: $1,199,999
Possession: Close Of Escrow
Short Sale: No
Price Date: 5/29/2013
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: 4018
Asking Price Per SqFt: $299.00
Heated Living Area Sq Ft: 4018
BedroomsTotal: 8
Bathrooms Full: 6
Bathrooms Partial: 2
Year Built: 1998
Architectural Style: Contemporary, Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Dryer, Dishwasher, Ice Maker, Microwave, Refrigerator w/Ice Maker, Range/Oven, Stackable Washer/Dryer, Washer, Wine Cooler
Roof: Asphalt
Parking: Off Street, Underground
Foundation: Piling
Pool: Yes
Pool Features: Fiberglass, In Ground, Outdoor Pool
Counter Tops: Corian
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s), Wet Bar
Heating: Central, Electric, Forced Air, Heat Pump
Room Type: Breakfast Nook, Foyer, Game Room
Flooring: Carpet, Ceramic Tile, Slate
Construction Materials: Frame

Legal Description

County: Dare
Subdivision: Bodie Isl Beach
Subdivision Name: Bodie Island Beach
Deed Book: 1839
Deed Book Page Number: 0360
County Pin Number: 080020817067
Price Change: 5/28/2013
Block: 3
Road Surface: Paved, Public

Lot Details

Total Assessed Value: 1675500
Lot Size Square Feet: 35500
Lot Features: Beach Frontage, Level, Waterfront
Lot Faces: W
Water Frontage: 62
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2012
Annual Property Taxes: $10,505.00
Home Oner Insurance Expense: 3900
Flood Zone: AE
Water Source: Municipal
Yearly Water Expense: 782
Other Yearly Expense: 1027600
Pool Or Spa Expense: 3000
Yearly Expense: Actual
Yearly Elecric Expense: 3306
Yearly Cable Tv Expense: 218
Contract Status Change Date: 5/29/2013
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
Listing Restrictions: Named Prospects Exempt
Exterior: Cement Fiber Board,Stone
HashTag of Units: 1
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Hot Tub,Jet Tub,Outside Lighting,Outside Shower,Patio,Smoke Detector(s),Storm Doors,Storm Windows,Sun Deck,Whirlpool/Spa
Primary Residence: No
Street Frontage : 62

Rental Income

Annual Rental Income: 111400
Rental Performance: 0.1022

Listing Agent Remarks

SHOULD EASILY DO $126,000 IN RENTAL INCOMES FOR 2013 - 10.5% GRI! CALL ME FOR RENTAL COMPANY WORKSHEET AND CASH FLOW EXCELL SPREADSHEET -- $111,400 booked YTD as of 2/25/13! Rentals have been previously limited to June through August at owner's request to avoid excessive wear and tear as well as to allow time for extensive cleaning and maintenance. However, this home will be placed in an aggressive rental program for the 2013 season that is targeted to achieve inj excess of 120K in rental bookings. Welcome to The Lodge - a quality built oceanfront home featuring 8 beautifully appointed bedrooms (5 with ocean views), 6 luxurious full baths, 2 partial baths and 3 separate living areas. Guests will enjoy the expansive beach, spectacular views and luxurious amenities throughout this well thought out home. AMAZING floor plan and GREAT use of space! Pool, separate kiddie pool and hot tub just off the tiled game room. Oversized lot with plenty of room to add a cabana, outdoor bar or other features. The ground floor level also features a laundry area with 2 new stacking washer/dryer units and 2 bedrooms. The mid level includes a separate TV/sitting area along with 5 bedrooms. The top level is spacious, bright and open with plenty of room for everyone. The Master bedroom/bath is also on this level overlooking the beautiful Atlantic Ocean. The Lodge has been meticulously maintained and is built to last. Recent improvements include (2) new outdoor HVAC units installed December 2010, exterior paint in May 2011, new carpet installed November 2011, 16 Andersen Frenchwood doors installed December 2011, new roof October 2012 and a new dune deck is currently being built. Many architectural highlights throughout including custom stone and tile work, glass block, real wood cabinets in kitchens, baths and TV areas, upgraded Kohler plumbing fixtures, high end chandeliers, Andersen windows and low maintenance Hardi Plank siding. In addition to the amazing indoor space there is plenty of covered and open decking for enjoying the outdoors. Private parking with room for several vehicles. Shopping, restaurants and activities are all close by; easy access to Oregon Inlet and Hatteras Island via NC 12; just minutes from historic downtown Manteo, Elizabethan Gardens and The Lost Colony. The recent beach nourishment program and the substantial dune provide protection from storm erosion adding years of longevity to the shoreline in this area resulting in long term investment value.

Directions

At Jennette's Pier east on Old Oregon Inlet Road. House on left apx. 1/2 mile.

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 8137 Old Oregon Inlet Road in Nags Head is provided courtesy of Surfside Realty sally@obxmlslistings.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 8137 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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