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Closing Price:
$649,900
8217 B S Old Oregon Inlet Road, Nags Head, NC 27959
5 bd
4 ba
2182 sq ft
MLS #: 79019
Status: Closed

Sold Details

Status: Closed
Sold Price: $605,000.00
Closing Date: 11/18/2013
Contract Date: 10/20/2013
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 194

Listing Information

Area: S. N.H. East/Old Oregon R
Mls Status: Closed
Days On Market: 194
Cumulative Days On Market: 194
Listing Price: $649,900
Original Listing Price: $699,950
Possession: Close Of Escrow
Short Sale: No
Price Date: 11/19/2013
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 2182
Asking Price Per SqFt: $298.00
Heated Living Area Sq Ft: 2182
BedroomsTotal: 5
Bathrooms Full: 4
Year Built: 1992
Architectural Style: Traditional
Sub Type: Single Family Residence
Appliances: Dryer, Microwave, Refrigerator, Range/Oven, Washer
Roof: Asphalt
Parking: Underground
Foundation: Piling
Counter Tops: Laminate
Cooling: Central Air
Heating: Electric, Forced Air
Flooring: Carpet, Ceramic Tile, Vinyl
Construction Materials: Frame

Legal Description

County: Dare
Subdivision: Bodie Isl Beach
Deed Book: 1635
Deed Book Page Number: 0244
County Pin Number: 080020900659
Price Change: 11/18/2013
Road Surface: Unpaved

Lot Details

Lot Size Square Feet: 8000
Lot Features: Beach Frontage
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2012
Annual Property Taxes: $2,354.00
Home Oner Insurance Expense: 3860
Flood Zone: VE
Flood Insurance Expense: 476
Water Source: Municipal
Yearly Water Expense: 1200
Other Yearly Expense: 150
Yearly Expense: Estimated
Yearly Elecric Expense: 2000
Yearly Cable Tv Expense: 2000
Contract Status Change Date: 11/19/2013
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
Exterior: Shakes
Extras: Boardwalk to Beach,Covered Decks,Elevator,Handicap Friendly,Jet Tub
Primary Residence: No

Rental Income

Annual Rental Income: 60000
Rental Performance: 0.0992

Listing Agent Remarks

9% gross return on investment at this price! Oceanfront, handicap friendly with an elevator. Well maintained traditional layout with three levels of space starting with a private den and bedroom/full bath on the bottom level; a second level that provides an additional bedroom/bath, living/dining area with ocean views opening to a spacious kitchen and sun deck; on the top level, we find two additional guest bedrooms with a shared hall bath, and an incredible master suite overlooking the ocean and Jennette's Pier. Rentals are consistent with solid bookings May-October grossing $60,000 a year. New kitchen flooring this year, new cabinets in 2011, HVAC & elevator checked annually with no issues for 2013. A rare find with panoramic ocean views at a great price within walking distance to Jennette's Pier.

Directions

South on Beach Rd to Old Oregon Inlet Rd just past Jennette's Pier on the left.

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 8217 B S Old Oregon Inlet Road in Nags Head is provided courtesy of Joe Lamb Realty Main: 252-261-7721. 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 8217 B S 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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