Listing Details For 8701 S Old Oregon Inlet Road in Nags Head

Closing Price:
$599,000
8701 S Old Oregon Inlet Road, Nags Head, NC 27959
4 bd
4 ba
2448 sq ft
MLS #: 85383
Status: Closed

Sold Details

Status: Closed
Sold Price: $569,000.00
Closing Date: 4/9/2015
Contract Date: 3/3/2015
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 190

Listing Information

Area: S. N.H. East/Old Oregon R
Mls Status: Closed
Days On Market: 190
Cumulative Days On Market: 190
Listing Price: $599,000
Original Listing Price: $599,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 4/11/2015
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: 2448
Asking Price Per SqFt: $245.00
Heated Living Area Sq Ft: 2448
BedroomsTotal: 4
Bathrooms Full: 4
Year Built: 1985
Garage: Carport
Architectural Style: Reverse Floor Plan
Sub Type: Townhouse
Appliances: Dryer, Dishwasher, Microwave, Refrigerator, Range/Oven, Washer
Roof: Asphalt
Parking: Paved
Foundation: Piling
Pool: Yes
Pool Type: Association
Pool Features: Outdoor Pool
Counter Tops: Laminate
Cooling: Central Air, Heat Pump, Zoned
Heating: Central, Heat Pump, Zoned
Room Type: Foyer
Flooring: Carpet, Hardwood
Construction Materials: Frame, Wood Siding

Legal Description

County: Dare
Subdivision: Eighteen South
Subdivision Name: Eighteen South
Deed Book: 1233
Deed Book Page Number: 0052
County Pin Number: 071909152898
Price Change: 4/10/2015
Road Surface: Paved
Association Amenities: Board Walk, Common Area, Ocean Access, Outdoor-Comm. Pool

Lot Details

Total Assessed Value: 571700
Lot Features: Beach Frontage, Level, Waterfront
Waterfront: Ocean Front
View: Ocean, Sound
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2013
Annual Property Taxes: $5,358.00
Home Oner Insurance Expense: 2236
Flood Zone: VE
Water Source: Municipal
Other Yearly Expense: 320000
Yearly Expense: Actual
Yearly Elecric Expense: 2225
Contract Status Change Date: 4/11/2015
Estimated Annual Fee Amt: $6,600.00
Sewer: Shared Septic
Maintenance Expense: 746
Association Fee Includes: Building Maintenance, Cable TV, Common Insurance, Maintenance Grounds, Pool, Sewer/Septic, Water
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Seller to Sever Oil/Gas: No
Bank/Institution Owned: No
Oil/Gas Severed Pre Owner: No Representation
Oil/Gas Severed By Seller: No
Exterior: Shakes,Wood
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Hot Tub,Jet Tub,Outside Shower,Smoke Detector(s)
Primary Residence: No

Rental Income

Annual Rental Income: 56000
Rental Performance: 0.0984

Listing Agent Remarks

This home is an absolute Rental Machine. Consistent rents make this an affordable Ocean Front home for many potential buyers. This home is an extremely well maintained home with spectacular extras through out. Beautiful Australian Cypress wood floors add character to an already stunning beach home. Enjoy a newly renovated master bathroom which includes a jet tub and roomy stand up tile shower. Watch the sunrises and the sunsets from both sides of the house on your newly redone Trex decking. 3m tint provides shade on all windows and doors. Recent updates on most furnishings and the carpet is only 2 years old. The gas heated community pool can be enjoyed throughout the shoulder seasons. With consistent solid rents, potential buyers can relax knowing they made a smart investment. All new plumbing. All HVAC units and Hardwood floors have been replaced recently and have 10 year transferable warranties. 4th bathroom recently added and properly permitted. This home truly has to be seen to be completely appreciated. Low maintenance fees considering all that it covers: liability insurance, lawn and greenery care, some pest extermination, basic cable TV, water and sewer (pumping out holding tanks and maintenance of drainage field), swimming pool care/maintenance & propane to heat pool for April, May, June, September & October, emergency phone at pool, professional management of property which includes storm preparation and some minor regular repairs to the exterior. As an example, association has a roofer that inspects homes after storms and makes any small repairs (ie. replacement of broken shingles) thus preventing more extensive damages if an owner is not available to personally inspect their home. When association decides to pursue major repairs that are covered by condo ownership (ie. replacement of outside decks) daily inspections were completed of the contractors work by our property management company & were able to get several quotes due to the size of the contract making repair costs lower than what an individual owner could receive. Great communication with other owners fosters like goals and showing that keeping property up to snuff pays for itself with higher rental returns and increased property values.

Directions

South on Old Oregon Inlet Road to Mp18, Turn left into Eighteen South, Unit E is Ocean Front.

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 8701 S Old Oregon Inlet Road 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 8701 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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