Closing Price:
$1,375,000
8431 S Old Oregon Inlet Road, Nags Head, NC 27959
10 bd
7 ba
4650 sq ft
MLS #: 89604
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,325,000.00
Closing Date: 5/26/2016
Contract Date: 4/16/2016
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 252

Listing Information

Area: S. N.H. East/Old Oregon R
Mls Status: Closed
Days On Market: 251
Cumulative Days On Market: 252
Listing Price: $1,375,000
Original Listing Price: $1,375,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 5/27/2016
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: 4650
Asking Price Per SqFt: $296.00
Heated Living Area Sq Ft: 4650
BedroomsTotal: 10
Bathrooms Full: 7
Bathrooms Partial: 2
Year Built: 2001
Architectural Style: Cottage, Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Dryer, Dishwasher, Ice Maker, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer
Roof: Asphalt
Parking: Paved
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: Gunite, Heated, In Ground, Private
Builder Name: Coastal Construction
Counter Tops: Laminate
Cooling: Heat Pump
Interior Features: Cathedral Ceiling(s)
Heating: Heat Pump
Flooring: Carpet, Tile, Laminate
Construction Materials: Frame

Legal Description

County: Dare
Subdivision: Bodie Isl Beach
Deed Book: 1632
Deed Book Page Number: 0053
County Pin Number: 070908988564
Price Change: 5/26/2016
Road Surface: Paved, Public

Lot Details

Lot Features: Beach Frontage, Level, Waterfront
Water Frontage: 50
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2015
Annual Property Taxes: $10,467.00
Home Oner Insurance Expense: 7440
Flood Zone: AE,VE
Flood Insurance Expense: 898
Water Source: Municipal
Yearly Water Expense: 1005
Pool Or Spa Expense: 3825
Yearly Elecric Expense: 4614
Yearly Cable Tv Expense: 2916
Contract Status Change Date: 5/27/2016
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: Lap Siding,Vinyl
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Hot Tub,Jet Tub,Outside Shower,Sun Deck
Primary Residence: No
Street Frontage : 50

Rental Income

Annual Rental Income: 160000
Rental Performance: 0.1208

Listing Agent Remarks

An Investor's dream come true!!! This 10 bedroom oceanfront has everything needed to maximize owner returns.... Sellers have taken very successful steps to use VRBO to source added tenant rentals and passed them on to Sun Realty, their management company. 2016 is another Stellar Year for Earnings!!! Not only does this home have virtually everything an owner or guest would want, but it also perhaps makes better sense on paper than any other listing on the beach! Buy now and still have time to put your personal touches on your own OBXSCAPE! Owners have done numerous repairs and updates during the 2015-16 winter months to ensure that this property is ready to take on the large bookings already in place for the season. Electrical updates, new walkways, Anderson Window sashes, Refrigerator, exterior washing and new bedding are just a few of the new items! Don't miss out on your perfect timing for securing a wonderful home that really brings in the return on investment!!!

Directions

S. On Oregon Inlet Road....House on 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 8431 S Old Oregon Inlet Road in Nags Head is provided courtesy of Windswept Properties, LLC . 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 8431 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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