Listing Details For 3501 S Virginia Dare Trail in Nags Head
Closing Price:
$2,675,000
$2,675,000
3501 S Virginia Dare Trail,
Nags Head, NC 27959
8 bd
6 ba
4104 sq ft
MLS #: 119688
Status: Closed
Sold Details
Status: Closed
Sold Price: $2,575,000.00
Closing Date: 2/10/2023
Off Market Date: 7/29/2022
Contract Date: 1/1/2023
Seller Concessions: Yes
Concession Comments: $10,000 credit to buyer
Total Days on Market:
Cumulative Days on Market: 172
Due Diligence Date: 1/31/2023
Listing Information
Area: Nags Head Oceanside
Mls Status: Closed
Days On Market: 171
Cumulative Days On Market: 172
Listing Price: $2,675,000
Original Listing Price: $2,999,500
Possession: Close Of Escrow
Short Sale: No
Price Date: 2/10/2023
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell
Building Details
Primary Heated Living Area Sq Ft: 4104
Asking Price Per SqFt: $652.00
Heated Living Area Sq Ft: 4104
BedroomsTotal: 8
Bathrooms Full: 6
Bathrooms Partial: 2
Year Built: 2003
Garage: 1 Car,Attached,Carport
Architectural Style: Contemporary, Reverse Floor Plan, Coastal, Cottage
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Dryer, Dishwasher, Microwave, Refrigerator, Refrigerator w/Ice Maker, Range/Oven, Washer
Roof: Asphalt
Parking: Off Street, Paved, Underground
Foundation: Piling, Slab
Pool: Yes
Pool Type: Private
Pool Features: Concrete, Heated, In Ground, Outdoor Pool, Private
Counter Tops: Laminate
Cooling: Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s), Pantry
Heating: Electric, Heat Pump, Zoned
Room Type: Game Room, Home Theater
Flooring: Carpet, Tile
Construction Materials: Frame, Wood Siding
Legal Description
County: Dare
Subdivision: Geo T Stronach
Subdivision Name: George T. Stronach
Deed Book: 2479
Deed Book Page Number: 0151
County Pin Number: 989211657159
Price Change: 2/9/2023
Road Surface: Paved, Public
Lot Details
Land Tax Value: 783000
Total Assessed Value: 1417900
Lot Size Acres: 0.46
Lot Size Dimensions: 50 x 410
Lot Size Square Feet: 20000
Lot Features: Beach Frontage, Level, Waterfront
Lot Faces: EAST
Water Frontage: 50
Waterfront: Ocean Front
View: Ocean
Property Type: Residential
Property Expenses & Utilities
Tax Year: 2021
Annual Property Taxes: $12,066.00
Home Oner Insurance Expense: 6404
Flood Zone: VE,X
Other Expenses 3: 12250
Water Source: Municipal
Yearly Water Expense: 1600
Other Yearly Expense: 2925
Pool Or Spa Expense: 4110
Yearly Elecric Expense: 6400
Yearly Telephone Expense: 828
Yearly Cable Tv Expense: 775
Contract Status Change Date: 2/10/2023
Estimated Annual Fee Amt: $0.00
Sewer: Septic Tank
Other Expenses 2: 3000
Association Fee Yes or No: No - Restrictive Covenants May Apply
Financials
Bill Of Sale Amoung: 1
Electroni Locks: Leased
Bank/Institution Owned: No
Exterior: Shakes,Vinyl
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Elevator,Fenced Yard,Handicap Friendly,Hot Tub,Jet Tub,Landscaped,Lawn Sprinklers,Outside Lighting,Outside Shower,Smoke Detector(s),Sun Deck,Tiki Bar,Roof Top Deck,Dry Entry,Inside Laundry Room
Fuel Tanks: Leased
HOA Contact Name: None
Primary Residence: No
Street Frontage : 50
HOA Contact Info: None
Rental Income
Annual Rental Income: 299470
Rental Performance: 0.1163
Owner Renatl Income 2023 Amount: 153217
Owner Renatl Income 2022 Amount: 309847
Owner Rental Income 2021 Amount: 286926
Listing Agent Remarks
INCREDIBLE $309,847 RENTS YTD 2022 ... This is a 12% RETURN!!! *** EXCELLENT CASH FLOW! *** SWIM UP TIKI BAR & AWESOME HEATED POOL * ELEVATOR * JOSHUA'S TIKI HUT IS AN 8 BEDROOM OCEANFRONT IN NAGS HEAD W/ TROPICAL GORGEOUS LANDSCAPING * Tax Plat shows Land Dimensions: 50 feet by 410 feet *** Located Milepost 11.8 approx. on the Beach Road *** Lush Island Landscaping w/ Volley Ball Court * Big Driveway for plenty of Guest and Family Parking *** MULTIPLE En Suite Master BR's w/ Full Baths (6 Full Baths and 2 Half Baths) * Primary Powder Room just off the Great Room for guests *** Starting on the Top Level 3 - You will love the Large Open Great Room - with Tile Flooring w/ Custom Interior Finishes and Furnishings * Cozy Kitchen w Double Refrigerators * High Ceilings, Tahiti Ceiling Fans, Gas Fireplace w/ Built in Entertainment Center * No Matter where you are in the Great Room you have a Fabulous Ocean View! * Check out the Porch just past the Power Room - Great Space for Privacy * North side Main En suite Bedroom w/ 2nd FIREPLACE w/ spacious Full Bath & Private Oceanfront Sundeck * Expansive rear Sun Deck off Great Room - great space to Entertain or to just enjoy the nearly 180-degree Ocean Views, the smell of the salt in the air & the gentle waves releasing on the Beach! *** Level 2 Features Multiple En suite Master Bedrooms w Full Baths & Oceanside Deck the width of the home - with access from the bedrooms * Main Front Entry Foyer mid-level between Level 1 and 2 * Level 1 Features a Huge Open Great Room with tile floor, Kitchenette, Pool Table, Theater Room w/ Bar Seating! Sliders out to FABULOUS TIKI BAR (DOUBLE LAUNDRY LOCATIONS) *** Custome 2 Level Hot Tub/ Concrete Heated Pool w/ Tile Coping w/ SWIM UP to HUGE TIKI BAR * HUGE HOT TUB ON ROOF OVEER TIKI BAR AND ACCESSIBLE FROM MID-LEVEL DECK/BEDROOMS - PRIVATE & YET OPEN *** Home Rents w Pets - there is a dedicated pet area on the east side of the Pool w/ green grass *** You will want to head out past the pool gate to the Dune - Check out the Dune Top Platform Sun Deck - what a great place to take in the beach & the View or sit out on a starry night - the Constellations & The Milkey Way will WOW you as will the SUNRISES OVER THE OCEAN ... a great place to have your morning Coffee! *** Just South of Nags Head Pier * Close to all kinds of shopping, restaurants, and Family Fun ... miniature Golf, go karts, Wright Brothers Monument, Jockey's Ridge, Pirates Cove & Oregon Inlet Fishing Centers, Downtown Manteo & so much more! *** Joshua's Tiki Hut is offered fully furnished (with only exclusions of owner locked closet items, artificial plants and throw rugs) *** JOSHUA'S TIKI HUT is (and has been) a STRONG RENTAL INCOME PRODUCING INVESTMENT ... See Rental Company Beach Realty K1213 Joshua's Tiki Hut Photos & Description at rental Website Link: https://www.beachrealtync.com/outer-banks-rentals/joshuas-tiki-hut *** 2021 Owner Rents totaled $286,926 *** 2022 Rents are $309,847 ... A 12% RETURN! *** 2023 is Booking now! *** Owner projecting 2023 rents will be stronger in 2023 *** You will Love this Oceanfront Home ... Come see!
Directions
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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 3501 S Virginia Dare Trail in Nags Head is provided
courtesy of Coldwell Banker Seaside Realty KH C: 252-202-3834. Information is believed to be accurate but is not
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