NOT LISTED FOR SALE

1007 N Virginia Dare Trail Kill Devil Hills, NC 27948

Estimated Value: $1,951,000 - $3,578,547

10 Beds
10.5 Baths
5,800 Sq Ft
$506/Sq Ft Est. Value

Last Sold October 24, 2014

Last sale price $2,650,000 $457 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $16,924/month

83 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Outdoor Pool
  • Furnished
  • First Flight Middle School Rated A-
  • 25,000 Sq Ft lot

About This Home

As of October 2014

Consistently produces 35 bookings which yields $280,000 in net rental income (before commissions), $257,000 net to Owners AFTER commissions. These are actual rents, not estimates. This majestic 10BR home is located on one of the largest and most desirable properties on the Outer Banks with nearly 25,000 sf of land and with no house directly next door to the north, expansive uninterrupted views of the Atlantic to the east, over 400 acres of open park land surrounding the Wright Brothers Memorial to the west, and only other multi-million dollar estates to the south; far from multiple condominium complexes and mega time share units. This beautiful Florez & Florez designed home is located in Millionaire Row, and has the expanse that you are looking for, the outside as inviting as the inside with water fall fed heated pool, cabana area with sauna, wetbar, full bath, TV, stone fireplace, refrigerator, intercom, and roof deck. Compare Just Peachy to any 12 or 13 bedroom property and you will see it out performs them while saving you the expense of maintaining larger square footage properties. With fewer guests allowed per week, your expenses are much lower: You do not have to outfit as many bedrooms, cleaning costs, painting, repairs, maintenance, supplies, heating and cooling, all utilities are less and considerable fewer calls from the management company to deal with. There is no downside side to how this works, just a win for you. See Broker notes for the detailed description of each level of the home. Renters absolutely LOVE this home - check out COMPLETE DETAILS AND RENTAL REVIEWS AVAILABLE AT: www.justpeachyobx.com

Last Agent to Sell the Property

Rick Drumm

Beach Realty & Construction License #141499 Listed on: 07/16/2014

Last Buyer's Agent

Madonna VanCuren

Coldwell Banker Seaside Realty - KDH License #136061

Coldwell Banker Seaside Realty - KDH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,593

Year Built

  • Built in 2000

Lot Details

  • 0.57 Acre Lot
  • Lot Dimensions are 50x500
  • 50 Feet of Waterfront
  • Ocean Front

Interior Spaces

  • 5,800 Sq Ft Home
  • Furnished

Bedrooms and Bathrooms

  • 10 Bedrooms

Pool

  • Outdoor Pool

Community Details

  • Kitty Hawk Shrs Subdivision

Listing and Financial Details

  • Legal Lot and Block lot 4 / 10

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,593

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Subdivision Name: Kitty Hawk Shores
  • Headline: $287,000 Owners Rental Income!
  • Heated Sq Ft: 5800
  • Primary Residence: Yes
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: RES
  • Deed Book Pg Number: 0058
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 10
  • Full Bathrooms: 10
  • Furnishings Available: Yes
  • Partial Bathrooms: 1

Exterior Features

  • Pool: Yes
  • Pool: Private
  • Street Frontage: 50
  • Water Frontage: 50

Utilities

  • Oilgas Severed Pre Owner: No Representation
  • Septic Fee: 600

Condo/Co-op/Association

  • Home Owner Dwelling Insurance: 8526

Lot Info

  • Estimated Lot Sq Ft: 25000
  • Lot Size: 50x500
  • Lot Number: lot 4
  • Deed Book: 1434

Rental Info

  • Est Annual Rental Income: 318908
  • Estimated Rental Performance: 0.1203
  • Flood Expenses: 10726
  • Other Expenses: 708700
  • Other Expenses2: 150
  • Poolspa Expense: 3100
  • Rental Co: Carolina Shores
  • Rental Cottage Name: Just Peachy
  • Rental Cottage Number: KD1007
  • Rental Phone Number: 2527151901
  • Rental Turnover Day: SAT
  • Total Expenses: 35941
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 819
  • Annual Electric: 8769
  • Annual Telephone Expense: 744
  • Annual Water Expense: 2374

Building Info

  • Year Built: 2000

Tax Info

  • Year: 2014
  • Taxes: 14593

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2014
Closed on
Oct 24, 2014
Sold by
Shelton Michael N and Shelton Ruth J
Bought by
Dflp 1007 Llc
Seller's Agent
Rick Drumm
Beach Realty & Construction
Buyer's Agent
Madonna VanCuren
Coldwell Banker Seaside Realty - KDH
List Price
$2,695,000
Sold Price
$2,650,000
Premium/Discount to List
-$45,000
-1.67%
Current Estimated Value
$2,934,849

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$284,849
Avg. Annual Appreciation
0.94%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Dflp 1007 Llc -- Attorney
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2014 10/24/14 Sold $2,650,000 -1.7% $457 / Sq Ft
10/07/2014 10/07/14 Pending -- -- --
07/16/2014 07/16/14 For Sale $2,695,000 -- $465 / Sq Ft
Source: Outer Banks Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $16,369 $2,123,000 $1,131,000 $992,000
2023 $8,503 $2,162,680 $1,131,000 $1,031,680
2022 $15,582 $2,162,680 $1,131,000 $1,031,680
2021 $15,611 $2,162,680 $1,131,000 $1,031,680
2020 $15,604 $2,165,696 $1,131,000 $1,034,696
2019 $16,235 $1,811,000 $708,700 $1,102,300
2018 $0 $1,811,000 $708,700 $1,102,300
2017 $15,879 $1,811,000 $708,700 $1,102,300
2016 $15,154 $1,813,500 $708,700 $1,104,800
2014 $14,593 $1,813,500 $708,700 $1,104,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 84460

Outer Banks Association of REALTORS®

APN: 003704001