NOT LISTED FOR SALE

111 E Sea Spray Ct Nags Head, NC 27959

Estimated Value: $1,229,354 - $1,478,000

5 Beds
4 Baths
2,941 Sq Ft
$465/Sq Ft Est. Value

Last Sold December 18, 2020

Last sale price $804,000 $273 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $8,099/month

15 Days on Market

Highlights

  • Community Beach Access
  • Golf Course Community
  • Second Refrigerator
  • Ocean Front
  • In Ground Pool
  • Clubhouse

About This Home

As of December 2020

A rare offering indeed - a semi-oceanfront home in The Village at Nags Head that has well cared for and maintained to high standards! Enjoy the ocean breeze and the sound of the waves from the upstairs great room and large deck or take a short stroll there for the day. Five bedrooms, four baths, a game room with wet bar, refrigerator and microwave provide plenty of generously sized spaces for family fun. The top floor great room, with recent oak floors, plantation shutters, and new living room furniture has a very private south facing deck and covered porch. The mid level has four bedrooms and wrap around decks, plus a hot tub! On the ground level you'll enjoy the heated private pool and pool deck as well as a game room with a wet bar, refrigerator, and microwave. The lot is nicely elevated and with no previous drainage or flooding issues, the ground level is over 10' above sea level. The current owners only rent during peak periods so there is plenty of opportunity to increase income if desired. Current property manager estimates between $56,545 and $77,145 for the 2021 season without any owner time. Optional memberships in The Village Beach Club and Nags Head Golf Links are available if desired.

Last Agent to Sell the Property

Carol Hunsecker

Due East Real Estate License #60706 Listed on: 10/04/2020

Last Buyer's Agent

David Perrot

Coldwell Banker Seaside Realty - KDH License #61870

Coldwell Banker Seaside Realty - KDH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,666

Year Built

  • Built in 2000

Lot Details

  • 8,089 Sq Ft Lot
  • Ocean Front
  • Property fronts a private road
  • Cul-De-Sac
  • Landscaped
  • Sprinkler System
  • Property is zoned PUD

HOA Fees

  • $46 Monthly HOA Fees

Property Views

  • Ocean
  • Golf Course

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Wood Shingle Roof
  • Lap Siding
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 2,941 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Living Room
  • Dining Room
  • Game Room
  • Utility Room

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Dishwasher
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • Tuck Under Parking
  • Paved Parking
  • Off-Street Parking

Pool

  • In Ground Pool
  • Fiberglass Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting
  • Storage Shed

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Municipal Utilities District Water
  • Fuel Tank
  • Private Sewer

Listing and Financial Details

  • Tax Lot 23

Community Details

Overview

  • Association fees include common electric, common insurance, road maintenance, walkways
  • Kelly Green Association
  • Vil Nh Seaside Subdivision

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Golf Course Community
  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,666

Year Built

Built in 2000

Lot Details

0

HOA Fees

$46 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Turn East on Seachase Drive at Village Beach Club. Follow to Sea Spray Court, house is semi-oceanfront on the south side of Sea Spray.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Hot Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Security System, Smoke Detector(s), Storage Shed, Sun Deck, Dry Entry, Inside Laundry Room
  • Flood Zone: X
  • Headline: Semi Oceanfront & Polished
  • Heated Sq Ft: 2941
  • L V T Date: 10/04/2020
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: PUD
  • Advertised Income 2020: 54394
  • Advertised Income 2021: 77235
  • Deed Book Pg Number: 0262
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Village at Nags Head
  • Newpoint Media: Yes
  • Outer Banks Software: Yes
  • Short Term Rental Restrictions: No
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Refrigerator
  • Bedrooms: 5
  • Bedroom 1: On Level: 1
  • Bedroom 2: On Level: 1
  • Bedroom 3: On Level: 1
  • Bedroom 4: On Level: 1
  • Bedroom 5: On Level: 2
  • Kitchen: On Level: 2
  • Countertops: Laminate
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Ceramic Tile, Vinyl, Wood, Vinyl Tile
  • Foundation: Piling, Slab
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Washer Connection
  • Dining Room: On Level: 2
  • Game Room: On Level: Ground
  • Living Room: On Level: 2
  • Optional Rooms: Game Room, Utility Room

Exterior Features

  • Construction: Frame
  • Exterior: Lap Siding, Cement Fiber Board
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Fiberglass, Private Pool, Association Pool
  • Roof: Wood Shingles
  • View: Golf Course, Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street, Under

Utilities

  • Cooling: Heat Pump, Zoned
  • Heating: Heat Pump, Zoned
  • Fuel Tanks: Leased
  • Septic Fee: 656
  • Sewer/Septic System: Private Sewer
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Road Maintenance, Walkways
  • Association Amenities: Clubhouse, Golf Course, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Sound Access, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 550
  • Hoa Contact: Kelly Green
  • HOA Contact: 480-4735
  • Home Owner Dwelling Insurance: 1343

Lot Info

  • Estimated Lot Sq Ft: 8089
  • Lot Description: Cul-de-sac
  • Lot Size: irregular
  • Lot Number: Lot 23
  • Estimated Lot Size: 0.19
  • Deed Book: 1811

Rental Info

  • Lease Terms: Weekly
  • Other Expenses: 605
  • Other Expenses2: 479
  • Other Expenses3: 700
  • Poolspa Expense: 2200
  • Rental Co: Village Realty
  • Rental Cottage Name: Generations
  • Rental Cottage Number: SS#23
  • Rental Phone Number: 252-480-2224
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 1976
  • Annual Electric: 2486
  • Annual Water Expense: 1329
  • Rental Contact Email: kimstetson@villagerealtyobx.com
  • Rental Contact Name: Kim Stetson/Laura Payne Village Realty
  • Rental Contact Phone: 252-480-2056

Building Info

  • Year Built: 2000

Tax Info

  • Year: 2020
  • Taxes: 6666.31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2020
Closed on
Dec 15, 2020
Sold by
Farnsworth Craig R and Farnsworth Linda E
Bought by
Maloof Paul B and Maloof Eva
Seller's Agent
Carol Hunsecker
Due East Real Estate
Buyer's Agent
David Perrot
Coldwell Banker Seaside Realty - KDH
List Price
$839,000
Sold Price
$804,000
Premium/Discount to List
-$35,000
-4.17%
Current Estimated Value
$1,367,089

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$563,089
Avg. Annual Appreciation
11.98%
Original Mortgage
$643,200
Outstanding Balance
$575,272
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$791,817

Purchase Details

Closed on
Sep 1, 2009
Sold by
Vandeusen William O and Van Deusen Shirley B
Bought by
Farnsworth Craig R and Farnsworth Linda E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,250
Interest Rate
5.11%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Maloof Paul B $804,000 None Available
Farnsworth Craig R $665,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maloof Paul B $643,200
Previous Owner Farnsworth Craig R $417,000
Previous Owner Farnsworth Craig R $432,250
Previous Owner Vandeusen William O $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2020 12/18/20 Sold $804,000 -4.2% $273 / Sq Ft
10/19/2020 10/19/20 Pending -- -- --
10/04/2020 10/04/20 For Sale $839,000 -- $285 / 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 $7,265 $809,000 $400,000 $409,000
2023 $3,306 $825,360 $400,000 $425,360
2022 $3,302 $824,528 $400,000 $424,528
2021 $3,302 $824,528 $400,000 $424,528
2020 $3,302 $824,528 $400,000 $424,528
2019 $3,101 $643,000 $309,400 $333,600
2018 $2,590 $643,000 $309,400 $333,600
2017 $3,101 $643,000 $309,400 $333,600
2016 $2,837 $643,000 $309,400 $333,600
2014 $6,115 $643,000 $309,400 $333,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 111319

Outer Banks Association of REALTORS®

APN: 030629000