Listing Details For 1305 S Virginia Dare Trail in Kill Devil Hills

Closing Price:
$3,300,000
1305 S Virginia Dare Trail, Kill Devil Hills, NC 27948
16 bd
9 ba
7200 sq ft
MLS #: 112631
Status: Closed

Sold Details

Status: Closed
Sold Price: $3,300,000.00
Closing Date: 4/20/2021
Contract Date: 2/15/2021
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 17
Due Diligence Date: 4/16/2021

Listing Information

Area: Kill Devil Hills Oceanside
Mls Status: Closed
Days On Market: 17
Cumulative Days On Market: 17
Listing Price: $3,300,000
Original Listing Price: $3,300,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 1/29/2021
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: 7200
Asking Price Per SqFt: $458.00
Heated Living Area Sq Ft: 7200
BedroomsTotal: 16
Bathrooms Full: 9
Bathrooms Partial: 2
Year Built: 1940
Architectural Style: Bungalow, Coastal
Sub Type: Single Family Residence
Appliances: Refrigerator
Roof: Asphalt
Foundation: Piling
Pool: No
Flooring: Wood
Construction Materials: Frame

Legal Description

Section: 1
County: Dare
Subdivision: Kill Devil Bch
Subdivision Name: Kill Devil Beach Sec 1 Revised
Deed Book: 1546
Deed Book Page Number: 212
County Pin Number: 989309067689
Price Change: 4/19/2021
Block: B
Road Surface: Paved, Public

Lot Details

Land Tax Value: 1044000
Total Assessed Value: 1224700
Lot Size Acres: 1.12
Lot Size Square Feet: 49000
Lot Features: Beach Frontage, Easement(s)
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2020
Annual Property Taxes: $8,824.00
Flood Zone: VE
Water Source: Municipal
Contract Status Change Date: 4/20/2021
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
HashTag of Units: 2
HOA Contact Name: none
Primary Residence: No
HOA Contact Info: none

Rental Income

Annual Rental Income: 183300
Rental Performance: 0.0555

Listing Agent Remarks

RARE offering -3 adjoining 50 ft ocean front lots with some of the widest beaches on the island and uparalleled ocean views. Own one, two or all 3 of these homesites, located in the heart of the Outer Banks 9.5 Mile Post of Kill Devil Hills. These 3 prime lots have unlimited development potential for large single homes, cottage court or condominium complex or reconfigure these into 2 unequalled 75ft lots or one large parcel. Currently in use as cottage/family compound there are 6 rental homes with very strong rental histories. Together, they comprise 17 bedrooms, 10 bathrooms + 7 outside showers, 7 fully-equipped kitchens and sleep 38+ people. This current use has been a favorite for many families wanting to vacation together, yet separately, allowing each family to have their own space. The homes and property may be viewed at https://www.joelambjr.com/ , houses H 1-5. and a rental history is available upon request. Call the agent for more suggestions and ideas, or if you need additional information and details about this rare and exclusive property.

Directions

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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 1305 S Virginia Dare Trail in Kill Devil Hills is provided courtesy of Keller Williams - Outer Banks C: 252-202-3357. 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 1305 S Virginia Dare Trail in Kill Devil Hills 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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