NOT LISTED FOR SALE

10406 S Colony South Dr Nags Head, NC 27959

Estimated Value: $766,000 - $1,141,000

4 Beds
2 Baths
2,071 Sq Ft
$417/Sq Ft Est. Value

Last Sold October 15, 2015

Last sale price $193,501 $93 Per Sq Ft

Est. 346% increase in value since last sale

Current estimated payment $4,719/month

22 Days on Market

About This Home

As of October 2015

4 Bedroom, 2 bath house in need of repairs. See attached two structural engineering reports. See attachment for PAS requirements and WFHM offer submittal information in the MLS document section

Last Agent to Sell the Property

Pace Mimms

Default, Office License #156638 Listed on: 08/06/2015

Last Buyer's Agent

Cooper Hawk

Outer Banks Realty Group License #229028

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $800

Year Built

  • Built in 1989

Lot Details

  • 9,000 Sq Ft Lot

Home Design

  • 2,071 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Community Details

  • Bodie Island Subdivision

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Tax Lot 9

Home Details

Home Type

Single Family

Est. Annual Taxes

$800

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Bank Owned: Yes
  • Directions: Rte 12 towards Oregon Inlet, left at the Bodie Light House onto S. Old Oregon Inlet Rd.,, Left on Colony South, property on right
  • Headline: HANDYMAN SPECIAL
  • Heated Sq Ft: 2071
  • Sale/Rent: For Sale
  • Zoning: r
  • Deed Book Pg Number: 0282
  • Special Features: 20
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Full Bathrooms: 2

Lot Info

  • Estimated Lot Sq Ft: 9000
  • Lot Number: Lot 9
  • Deed Book: 1983

Rental Info

  • Other Expenses: 171200

Building Info

  • Year Built: 1989

Tax Info

  • Year: 2014
  • Taxes: 800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2015
Closed on
Sep 17, 2015
Sold by
Us Bank National Association
Bought by
Trapasso Michael S and Mathews Tiffany J
Seller's Agent
Pace Mimms
Default, Office
Buyer's Agent
Cooper Hawk
Outer Banks Realty Group
List Price
$169,000
Sold Price
$193,501
Premium/Discount to List
$24,501
14.5%
Current Estimated Value
$863,723

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$670,222
Avg. Annual Appreciation
16.29%

Purchase Details

Closed on
Oct 21, 2014
Sold by
Trustee Services Of Carolina Llc and Reed Dennis W
Bought by
Wells Fargo Asset Securities Corporation and Echols William R
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Trapasso Michael S -- None Available
Wells Fargo Asset Securities Corporation -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trapasso Michael S $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2015 10/15/15 Sold $193,501 +14.5% $93 / Sq Ft
08/28/2015 08/28/15 Pending -- -- --
08/06/2015 08/06/15 For Sale $169,000 -- $82 / 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 $1,627 $466,200 $185,600 $280,600
2023 $1,568 $461,096 $185,600 $275,496
2022 $1,847 $461,096 $185,600 $275,496
2021 $1,851 $461,096 $185,600 $275,496
2020 $1,847 $461,096 $185,600 $275,496
2019 $1,705 $353,700 $171,200 $182,500
2018 $0 $353,700 $171,200 $182,500
2017 $1,710 $353,700 $171,200 $182,500
2016 $800 $186,000 $171,200 $14,800
2014 $80 $186,000 $171,200 $14,800
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2015

    Pace Mimms

    Default, Office

  • Cooper Hawk

    Buyer's Agent in 2015

    Cooper Hawk

    Outer Banks Realty Group

    (252) 202-4019

    3 in this area

    43 Total Sales

    Cooper Hawk
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 89067

Outer Banks Association of REALTORS®

APN: 007515009

North Carolina Dare County Nags Head 27959

10406 S Colony South Dr, Nags Head, NC

This home is located at 10406 S Colony South Dr, Nags Head, NC 27959 since 06 August 2015 and is currently estimated at $863,723, approximately $417 per square foot. This property was built in 1989. 10406 S Colony South Dr is a home located in Dare County with nearby schools including Nags Head Elementary School, Manteo Middle School, and Manteo High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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