Listing Details For 5515 S Virginia Dare Trail in Nags Head

Closing Price:
$314,900
5515 S Virginia Dare Trail, Nags Head, NC 27959
2 bd
2 ba
912 sq ft
MLS #: 91428
Status: Closed

Sold Details

Status: Closed
Sold Price: $308,000.00
Closing Date: 6/29/2017
Contract Date: 6/1/2017
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 454

Listing Information

Area: Nags Head Oceanside
Mls Status: Closed
Days On Market: 453
Cumulative Days On Market: 454
Listing Price: $314,900
Original Listing Price: $314,900
Possession: Close Of Escrow
Short Sale: No
Price Date: 7/13/2017
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 912
Asking Price Per SqFt: $345.00
Heated Living Area Sq Ft: 912
BedroomsTotal: 2
Bathrooms Full: 2
Year Built: 1980
Architectural Style: Contemporary
Sub Type: Condominium
Appliances: Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven
Parking: Parking Lot, Off Street, Paved
Foundation: Piling
Pool: Yes
Pool Type: Association
Pool Features: Association, In Ground, Outdoor Pool
Cooling: Central Air, Heat Pump
Heating: Central, Electric, Heat Pump
Flooring: Carpet, Ceramic Tile, Vinyl
Construction Materials: Frame, Wood Siding

Legal Description

County: Dare
Subdivision: Admirals View
Subdivision Name: ADMIRALS VIEW CONDOMINIUM
Deed Book: 1830
Deed Book Page Number: 0102
County Pin Number: 080118315552A2
Price Change: 7/12/2017
Road Surface: Paved, Private
Association Amenities: Board Walk, Ocean Access, Outdoor-Comm. Pool

Lot Details

Lot Features: Beach Frontage, Level
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2016
Annual Property Taxes: $1,858.00
Other Insurance: 350
Water Source: Municipal
Yearly Water Expense: 225
Yearly Elecric Expense: 800
Contract Status Change Date: 7/13/2017
Estimated Annual Fee Amt: $6,480.00
Sewer: Shared Septic
Association Fee Includes: Building Maintenance, Cable TV, Maintenance Grounds, Management, Pool, Sewer/Septic, Walkways
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Vinyl
HashTag of Units: 1
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Common Laundry Area,Covered Decks,Elevator,Landscaped,Outside Lighting
Covered Deck Size: YES
Primary Residence: No

Rental Income

Annual Rental Income: 28830
Rental Performance: 0.0936

Listing Agent Remarks

YES THE PRICE IS $314,900 AND YES THERE ARE LESS EXPENSIVE OCEANFRONT CONDOS BUT DO YOU REALLY WANT TO STARE OUT AT A PILE OF SAND? Isn't the reason of wanting to own an oceanfront condo is to be able to look right out and see the ocean?? Come on Buyers, this is a great price for a 2nd floor condo with FABULOUS OCEAN VIEWS AND AN ELEVATOR!!! This condo has fantastic rental income and is also an end unit which means more light because of more windows. GORGEOUS OCEAN VIEWS THE MINUTE YOU OPEN THE DOOR. ADMIRALS VIEW IS ONE OF THE FEW OCEANFRONT CONDO'S WITH AN ELEVATOR ON THE OUTER BANKS -ADMIRALS VIEW IS ALSO ONE OF THE FEW CONDOS THAT ALLOW THE OWNERS TO HAVE PET'S. Rental income is fantastic year after year - Do the Numbers - Cash Flow is in the Associated Doc's - $10,000 ASSESSMENT HAS ALREADY BEEN PAID BY CURRENT OWNER "for refurbishment of pool area and also Hurricane Shutter expense has already been paid by seller. Try to carry your luggage up and down the stairs, your groceries, etc., etc., Every time you get upstairs you forgot something and have to climb back down all those stairs, NOT IN THIS 2ND FLOOR "END" UNIT CONDO - BRING THE ENTIRE FAMILY AND TAKE THE ELEVATOR. This condo has averaged $25k in rental income for 2013-2016. ROI =8%. One of the few condos with an ELEVATOR!! 2ND Floor end unit with Fantastic wide ocean views. Recently renovated and tastefully furnished. Ocean views from the deck, living room, kitchen and Master Bedroom. Condo features community laundry room, pool and walkway to ocean. Unit is a 2nd floor END unit which means more windows and light and bright. THE PRESENCE OF AN ELEVATOR WILL ALWAYS DEMAND TOP DOLLAR!!!!!!! Sold fully furnished excluding "Hurricane Coastal" Picture in Hallway. Beautiful Ocean Views from Master Bedroom and sliding Doors leading to covered deck. Andersen Windows and Doors. Come take a look at this above average oceanfront condo that has been lovingly maintained AND produces rental income over 25k WITH ocean views the moment you open the door. HOA Dues are paid quarterly $1,620 per quarter - Yearly amount = ***$6,480 ( includes Wind, Hail, Fire and Flood Insurance, Phone, Cable and Internet Service) ***INCLUDED IN THE $6,480 A YEAR HOA DUES THE $ 120 QUARTERLY CHARGE IS FOR THE PHONE, CABLE AND INTERNET. THE OTHER $350 FEE IN THE FINANCIAL SECTION IS WHAT THE SELLER PAYS IS FOR CONTENTS INSURANCE. SIGNATURE TOUCH is the management company 441-88570 CONDO COULD PRODUCE ADDITIONAL RENTAL INCOME IF OPENED MORE WEEKS BUT SELLER CHOOSES TO USE THE UNIT FOR PERSONAL USE. CASH FLOW IN ASSOCIATED DOC'S

Directions

MILEPOST 15 OCEANFRONT, NEXT TO HERON COVE - 2ND FLOOR NORTH END UNIT

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 5515 S Virginia Dare Trail in Nags Head is provided courtesy of Sun Realty - KDH C: 252-441-8011. 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 5515 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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