Closing Price:
$799,000
4208 S Virginia Dare Trail, Nags Head, NC 27959
8 bd
8 ba
3769 sq ft
MLS #: 99631
Status: Closed

Sold Details

Status: Closed
Sold Price: $765,000.00
Closing Date: 5/15/2018
Contract Date: 4/11/2018
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 29

Listing Information

Area: Nags Head between hwys
Mls Status: Closed
Days On Market: 29
Cumulative Days On Market: 29
Listing Price: $799,000
Original Listing Price: $799,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 5/16/2018
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: 3769
Asking Price Per SqFt: $212.00
Heated Living Area Sq Ft: 3769
BedroomsTotal: 8
Bathrooms Full: 8
Bathrooms Partial: 3
Year Built: 2001
Garage: Carport
Architectural Style: Coastal, Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer
Roof: Asphalt
Parking: Underground
Foundation: Piling, Slab
Pool: Yes
Pool Type: Private
Pool Features: In Ground, Private
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s), Pantry, Wet Bar, Walk-In Closet(s)
Heating: Central, Heat Pump
Room Type: Foyer, Game Room, Pantry
Flooring: Carpet, Hardwood, Tile, Vinyl, Wood
Construction Materials: Frame, Wood Siding

Legal Description

County: Dare
Subdivision: Old Hotel Lots
Subdivision Name: Old Hotel Lots - DB 15-219
Deed Book: 1632
Deed Book Page Number: 0032
County Pin Number: 989108988133
Price Change: 5/15/2018
Road Surface: Paved, Public

Lot Details

Lot Size Acres: 0.29
Lot Size Dimensions: 50 x 250
Lot Size Square Feet: 12500
Lot Faces: E
Waterfront: Semi-Oceanfront (2nd row)
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2017
Annual Property Taxes: $5,834.00
Flood Zone: AE
Flood Insurance Expense: 914
Water Source: Municipal
Yearly Water Expense: 1025
Yearly Elecric Expense: 4215
Contract Status Change Date: 5/16/2018
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: Cement Fiber Board,Lap Siding
Extras: Ceiling Fan(s),Covered Decks,Hot Tub,Outside Shower,Sun Deck,Tiki Bar
Primary Residence: No
Street Frontage : 50

Rental Income

Annual Rental Income: 93266
Rental Performance: 0.1219

Listing Agent Remarks

Very popular vacation rental property, with great 2017 rental gross rental income of $109,000, $93,000 owners income, creating a lucrative 11.6% rental income ratio. True positive cash flow property!! Sturdy and high & dry, this "Casino Ridge" Semi-Oceanfront home offers superior wide open Ocean Views, a comfortable, well designed floorplan, with 8 bedroom, 8 full baths, 3 half baths, rec room, private pool, and ample decking. Bright open floorplan, wide open great room, with all the modern features, while enjoying the Historic Old Nags Head atmosphere. This home offers much better than average Semi-Oceanfront views, due to the higher elevation of the home, and the wide lots in this area, providing great ocean views from two levels. (Not subject to your typical tight row 50' wide oceanfront lots , large oceanfront homes, or hotel view obstructions) Features include all master bedrooms, oak hardwood floors in great room, hallways, and several bedrooms, oak stair treads, solid pine interior doors, tile flooring in kitchen and all baths, open bright great room, rec room with pool table & wet bar, all 8 master bedrooms, nice pool area with Tiki Bar, and extra wide decks on two levels, to spread out and soak in the views. Wider than your average 50' width home and lot. All in convenient and historical Nags Head location, walking distance to Jockey's Ridge and several restaurants and shops, utilizing the NH bike path if desired. This home is a fan favorite, easy to own, with proven rentals on the books! Secure this large, quality, great Ocean View property now, while interest rates are low.

Directions

Milepost 13.2, just South of Jockeys Ridge, and Next to St. Andrews Church

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 4208 S Virginia Dare Trail in Nags Head is provided courtesy of Resort Realty - KH . 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 4208 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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