NOT LISTED FOR SALE

111 E Forbes St Nags Head, NC 27959

Estimated Value: $1,029,508 - $1,179,000

6 Beds
6 Baths
2,678 Sq Ft
$406/Sq Ft Est. Value

Last Sold September 22, 2023

Last sale price $985,000 $368 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $6,122/month

38 Days on Market

Highlights

  • In Ground Pool
  • Wood Flooring
  • Game Room
  • Contemporary Architecture
  • Furnished
  • Patio

About This Home

As of September 2023

Looking for the ideal location for your Outer Banks dream home? Look no further; this property is in a perfect spot and offers something for the entire family! The beach is a short walk away, and so is Cookies & Cream Ice Cream Parlor. For any fishing enthusiasts, this house is located about 1 mile north of the famous Jennette’s Pier. This property is close to many other vacation amenities for golfers and shoppers alike. The superb design delivers 6 bedrooms (2 master bedrooms) and 4 full baths (+2 half baths)! Natural light pours throughout the upstairs into the large, open living and dining space - ideal for friends and family to gather. Spend your days relaxing on the beach or by the private pool situated behind the home, equipped with lounge space as well as a hot tub for those cooler Outer Banks evenings. Centrally located in the town of Nags Head just 3 lots back from the beautiful Atlantic Ocean.

Last Agent to Sell the Property

John Head

Resort Realty - Frisco License #187858 Listed on: 07/01/2023

Last Buyer's Agent

May Oo-Muuse

EXP Realty, LLC - Coastal License #344795

EXP Realty, LLC - Coastal

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,198

Year Built

  • Built in 2003

Lot Details

  • 9,000 Sq Ft Lot
  • Level Lot
  • Property is zoned C2

HOA Fees

  • $13 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding

Interior Spaces

  • 2,678 Sq Ft Home
  • Furnished
  • Game Room

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • Unpaved Parking
  • Off-Street Parking

Pool

  • In Ground Pool
  • Outdoor Pool
  • Spa

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Community Details

  • Doug Davis Association, Phone Number (757) 449-9963
  • Pebble Bch Shrs Subdivision

Listing and Financial Details

  • Legal Lot and Block # 17 / B

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,198

Year Built

Built in 2003

Lot Details

0

HOA Fees

$13 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary
  • Extras: Hot Tub, Patio
  • Heated Sq Ft: 2678
  • L V T Date: 07/01/2023
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: 2 - lots from oceanfront (3rd row
  • Zoning: C2
  • Deed Book Pg Number: 0172
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C0418
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Bedrooms: 6
  • Floor Coverings: Carpet, Wood
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: Ensuite
  • Optional Rooms: Game Room
  • Partial Bathrooms: 2

Exterior Features

  • Construction: Frame
  • Exterior: Lap Siding
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Private Pool
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Parking: Off Street, Unpaved

Utilities

  • Cooling: Central
  • Heating: Electric, Forced Air
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Condo/Co-op/Association

  • Association Fee: Yes
  • Estimated Annual Fee: 150
  • Hoa Contact: Doug Davis
  • HOA Contact: Cell# 757-449-9963

Lot Info

  • Estimated Lot Sq Ft: 9000
  • Lot Description: Level
  • Lot Number: Lot# 17
  • Estimated Lot Size: 0.21
  • Deed Book: 1612

Rental Info

  • Est Annual Rental Income: 117790
  • Estimated Rental Performance: 0.1196
  • Lease Terms: Weekly
  • Rental Co: Village Realty
  • Rental Cottage Name: Island Paradise
  • Rental Cottage Number: NH3311
  • Rental Phone Number: 252.480.2224
  • Rental Turnover Day: Saturday
  • Rental Contact Email: ownerrelations@vrobx.com
  • Rental Contact Name: Alyssa McDonald or Myers Fuller
  • Rental Contact Phone: 252.480.2224

Building Info

  • Year Built: 2003

Tax Info

  • Year: 2022
  • Taxes: 4197.63

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 20, 2024
Sold by
Deco Properties Llc
Bought by
Deco Properties Obx Llc
Current Estimated Value
$1,087,377

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,020,000
Outstanding Balance
$1,010,222
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$77,155

Purchase Details

Listed on
Jul 1, 2023
Closed on
Sep 22, 2023
Sold by
Tart David Lee and Tart Marta P
Bought by
Deco Properties Llc
Seller's Agent
John Head
Resort Realty - Frisco
Buyer's Agent
May Oo-Muuse
EXP Realty, LLC - Coastal
List Price
$997,000
Sold Price
$985,000
Premium/Discount to List
-$12,000
-1.2%
Views
361

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.45%
Original Mortgage
$788,000
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 21, 2005
Sold by
Powers Timothy E and Powers Ellen M
Bought by
Tart David Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Deco Properties Obx Llc -- None Listed On Document
Deco Properties Obx Llc -- None Listed On Document
Deco Properties Llc $5,910,000 None Listed On Document
Tart David Lee $764,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deco Properties Obx Llc $1,020,000
Closed Deco Properties Obx Llc $1,020,000
Previous Owner Deco Properties Llc $788,000
Previous Owner Tart David Lee $288,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2023 09/22/23 Sold $985,000 -1.2% $368 / Sq Ft
08/08/2023 08/08/23 Pending -- -- --
08/02/2023 08/02/23 For Sale $997,000 0.0% $372 / Sq Ft
07/20/2023 07/20/23 Pending -- -- --
07/01/2023 07/01/23 For Sale $997,000 -- $372 / 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
2025 $5,133 $1,000,600 $317,100 $683,500
2024 $2,029 $589,200 $213,800 $375,400
2023 $2,420 $604,216 $213,800 $390,416
2022 $2,420 $604,216 $213,800 $390,416
2021 $2,420 $604,216 $213,800 $390,416
2020 $2,420 $604,216 $213,800 $390,416
2019 $2,792 $575,100 $196,100 $379,000
2018 $2,792 $575,100 $196,100 $379,000
2017 $2,792 $575,100 $196,100 $379,000
2016 $2,554 $575,100 $196,100 $379,000
2014 $2,554 $575,100 $196,100 $379,000
Source: Public Records

Agents Affiliated with this Home

  • John Head

    Seller's Agent in 2023

    John Head

    Resort Realty - Frisco

    (252) 592-4629

    15 in this area

    164 Total Sales

    John Head
    Section Image

  • M

    Buyer's Agent in 2023

    May Oo-Muuse

    EXP Realty, LLC - Coastal

    (804) 661-5752

    5 in this area

    9 Total Sales

    May Oo-Muuse
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 122669

Outer Banks Association of REALTORS®

APN: 031092000

North Carolina Dare County Nags Head 27959

111 E Forbes St, Nags Head, NC

Not Listed for Sale

Detached

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