Listing Details For 5507 S Virginia Dare Trail in Nags Head

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Closing Price:
$499,900
5507 S Virginia Dare Trail, Nags Head, NC 27959
3 bd
3 ba
2109 sq ft
MLS #: 80321
Status: Closed

Sold Details

Status: Closed
Sold Price: $495,000.00
Closing Date: 2/14/2014
Contract Date: 1/20/2014
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 298

Listing Information

Area: Nags Head Oceanside
Mls Status: Closed
Days On Market: 297
Cumulative Days On Market: 298
Listing Price: $499,900
Original Listing Price: $549,900
Possession: Close Of Escrow
Short Sale: No
Price Date: 2/14/2014
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: 2109
Asking Price Per SqFt: $237.00
Heated Living Area Sq Ft: 2109
BedroomsTotal: 3
Bathrooms Full: 3
Year Built: 1989
Architectural Style: Coastal
Sub Type: Condominium
Appliances: Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer
Parking: Paved, Underground
Foundation: Masonry
Pool: Yes
Pool Features: In Ground, Outdoor Pool
Cooling: Central Air, Heat Pump
Interior Features: Wet Bar
Heating: Central, Electric, Heat Pump
Flooring: Carpet, Ceramic Tile, Vinyl
Construction Materials: Masonry, Metal Siding

Legal Description

County: Dare
Subdivision: Heron Cove
Subdivision Name: Heron Cove Condos Ph 2
Deed Book: 1799
Deed Book Page Number: 0466
County Pin Number: 08011831474224
Price Change: 2/13/2014
Road Surface: Paved, Public
Association Amenities: Board Walk, Ocean Access, Outdoor-Comm. Pool

Lot Details

Total Assessed Value: 427900
Lot Features: Beach Frontage
Waterfront: Ocean Front
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2013
Annual Property Taxes: $4,008.00
Home Oner Insurance Expense: 1786
Water Source: Municipal
Other Yearly Expense: 240000
Yearly Elecric Expense: 1275
Yearly Telephone Expense: 1047
Contract Status Change Date: 2/14/2014
Estimated Annual Fee Amt: $4,200.00
Sewer: Shared Septic
Association Fee Includes: Building Maintenance, Cable TV, Electricity, Common Insurance, Flood Insurance, Maintenance Grounds, Management, Pool, Sewer/Septic, Water, Walkways
Association Fee Yes or No: Yes

Financials

Bank/Institution Owned: No
Exterior: Stucco,Shakes
HashTag of Units: 1
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Elevator,Outside Lighting,Outside Shower
HOA Contact Name: Cape Management - Niels Moore
Primary Residence: No
HOA Contact Info: 480-2700

Rental Income

Annual Rental Income: 29750
Rental Performance: 0.0601

Listing Agent Remarks

Oceanfront three-bedroom condos, especially in elevator buildings, are not very common on the Outer Banks, so you won’t want to let this terrific unit get away from you. Located in the heart of Nags Head, Heron Cove condos are always highly desirable and come on the market infrequently, and this will be the prettiest Heron Cove unit you have seen in a long time. You will appreciate the protection the large oceanfront dune provides. A complete interior renovation was completed in February, 2013. The interior was painted throughout in contemporary beach-inspired colors. New ceramic flooring was installed in the kitchen and dining areas, two of the baths and the hallway. New carpet was installed in the living area and the bedrooms. The large kitchen was totally renovated with new granite counters and cabinetry. All the kitchen appliances have been replaced within the past year. One master bath was completed renovated with new cabinetry with granite counters, mirrors and lighting. The hall bath was similarly renovated. New living, dining and outdoor furniture and wall hangings complete this $75,000+ project. This stylish first-level end unit features an ocean-facing covered deck that spans the length of the unit and a sunset-facing deck accessible from two of the three bedrooms. Both decks have ceramic tile flooring. The entry hall has a dramatic curved tongue-and-groove wood wall, leading to the living area and the ocean. The living area consists of a large great room with two gathering areas and a wet bar, a dining area and the large kitchen. The large master bedroom has a king bed, ceiling fan, double closets and French doors that open onto one of the gathering areas. The oversized master bath was completely remodeled in 2011 (the 2013 renovation of this bath included painting) and has a tile shower, a separate whirlpool tub, and double sinks joined by a separate vanity. The second master bedroom also has a large private bath with a similar sink arrangement and a tub/shower, a queen bed and access to the sunset deck. The third bedroom, which also has access to this deck, has a pyramid bunk and uses the hall bath. The new in 2011 washer and dryer are conveniently housed in the hall between these two bedrooms. Heron Cove has an oceanfront pool and a private walkway to the beach, a park grill for owner and guest use, and a separate storage area for each unit, as well as covered parking and an elevator in each of the two buildings. You will love the wide nourished beach! The unit is sold fully furnished and is a popular vacation rental with a steady income and repeat guests. 2012 and 2013 gross rental income exceeded $30,000 when owner use is added back in! In addition to the new interior renovation, the owners replaced the indoor and outdoor heat pump units within the past three years. Come see why we think you’ll want to call Heron Cove home!

Directions

Northernmost unit, first level, north building.

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 5507 S Virginia Dare Trail in Nags Head is provided courtesy of Outer Banks Blue Realty Srvcs. . 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 5507 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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