Listing Details For 5507 S Virginia Dare Trail in Nags Head

Closing Price:
$850,000
5507 S Virginia Dare Trail, Nags Head, NC 27959
3 bd
2 ba
1724 sq ft
MLS #: 119548
Status: Closed

Sold Details

Status: Closed
Sold Price: $768,000.00
Closing Date: 11/28/2022
Contract Date: 10/13/2022
Seller Concessions: Yes
Concession Comments: Purchase price re-negotiated by 2,000 for HVAC repairs.
Total Days on Market:
Cumulative Days on Market: 103

Listing Information

Area: Nags Head Oceanside
Mls Status: Closed
Days On Market: 103
Cumulative Days On Market: 103
Listing Price: $850,000
Original Listing Price: $870,000
Possession: Close Of Escrow, Subject To Tenant Rights
Short Sale: No
Price Date: 11/29/2022
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 1724
Asking Price Per SqFt: $493.00
Heated Living Area Sq Ft: 1724
BedroomsTotal: 3
Bathrooms Full: 2
Bathrooms Partial: 1
Year Built: 1987
Garage: Carport
Architectural Style: Coastal
Sub Type: Condominium
Appliances: Disposal, Dryer, Dishwasher, Freezer, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer
Roof: Rubber, Tar/Gravel
Parking: Parking Lot, Paved, Underground
Foundation: Masonry, Slab
Pool: Yes
Pool Type: Association
Pool Features: Association, Gunite, In Ground, Outdoor Pool
Counter Tops: Granite,Solid Surface
Cooling: Central Air
Interior Features: Pantry, Wet Bar
Heating: Central, Forced Air
Room Type: Foyer, Pantry
Flooring: Carpet, Plank, Vinyl Tile
Construction Materials: Frame, Masonry, Wood Siding

Legal Description

Phase: 1
County: Dare
Subdivision: Heron Cove
Deed Book: 1604
Deed Book Page Number: 155
County Pin Number: 08011831474211
Price Change: 11/28/2022
Road Surface: Paved, Public
Association Amenities: Board Walk, Common Area, Ocean Access

Lot Details

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

Property Expenses & Utilities

Tax Year: 2021
Annual Property Taxes: $4,399.00
Home Oner Insurance Expense: 838
Flood Zone: VE,X
Water Source: Municipal
Yearly Elecric Expense: 1500
Yearly Telephone Expense: 205
Yearly Cable Tv Expense: 205
Contract Status Change Date: 11/29/2022
Estimated Annual Fee Amt: $12,000.00
Sewer: Shared Septic
Association Fee Includes: Building Maintenance, Electricity, Maintenance Grounds, Pool, Sewer/Septic, Water, Walkways
Association Fee Yes or No: Yes

Financials

Electroni Locks: Leased
Bank/Institution Owned: No
Exterior: Block
Extras: Beach Access,Boardwalk to Beach,Common Laundry Area,Covered Decks,Elevator,Jet Tub,Landscaped,Outside Lighting,Outside Shower,Patio,Smoke Detector(s),Dry Entry,Inside Laundry Room
Fuel Tanks: None
HOA Contact Name: Village Realty
Primary Residence: No
HOA Contact Info: 252-480-2224

Rental Income

Annual Rental Income: 65000
Rental Performance: 0.0846
Owner Renatl Income 2022 Amount: 35197
Avertised Income 2021 Amount: 40787
Owner Rental Income 2021 Amount: 33815
Avertised Income 2021 Amount: 39335

Listing Agent Remarks

This is the Primo Nags Head Condo located in the always happening and desirable Heron Cove Condominiums in one of the best sections of beach along the Outer Banks. Unit 303S is a directly east facing, top floor Ocean Front turn key Condo offering more living space than any Ocean Front Condo on the market! Heron Cove offers covered parking, covered decks, commercial size swimming pool, green spaces and an elevator! With all the Views one could ever need this unit was a hard sale for the current owners who have loved this Condo and taken a very hands on approach to its appeal and care over the years. Entering through the tile breezeway the Condo flows seamlessly. The Kitchen was updated to include new Cabinets, Granite and SS Appliances. The bathrooms have been updated and all flooring has been replaced recently. With 1,724 square feet there is enough space for you and your family to spread out and enjoy yourself. Seating for 8 at the table with bar seating as well. The Living Room is tastefully furnished with an impressive display of Natural Light on hand as well as a wet bar for the evenings festivities. The massive covered deck grabs views of the Atlantic on a clear day for miles in all directions. The oversized En-Suite Bedroom is overlooking the Ocean as well and includes a sitting wing/den area perfect for reflection of the days events as well as a Grand bathroom with a tile walk in shower and a soaking tub. Two additional bedrooms share a full hall bathroom while a laundry and half bath finish off that wing. Centrally located in an area of Nags Head with the famous Village Golf Links directly west and the Outer Banks Mall a quick drive away for shopping, restaurants, bars and filling your Condo with all the Home Goods your hearts desire! Current owner limit rents to the summer months only. Open up the season and the rental projection shows 65,000 in Income....or keep it for personal use. Either way this is an Outer Banks Lifestyle Condo and your soon to be memories are all that's missing. There are still great interest rates out there...You just have to know where to look. Call me today to discuss your Outer Banks home ownership options.

Directions

S Virginia Dare Trail to Heron Cove. Top floor in South 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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