$900,000
SOLD MAR 1, 2016

1115 N Virginia Dare Trail Kill Devil Hills, NC 27948

5 Beds
4 Baths
2,760 Sq Ft
0.53 Acres

Recently Sold

$326 Per Sq Ft

7% Below List Price

10 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Coastal Architecture
  • First Flight Middle School Rated A-
  • In Ground Pool
  • Furnished

About This Home

As of January 2017

Old style is the word here. Loads of house and 2760 sq ft of it and it has a private pool as well as super ocean views. Two massive fireplaces make this house something special. Easy to show - lockbox, call agent or just go. Owner did private rentals themselves but this could be entered into a rental program for 2016 and should easily generate $60-70k or more.

Last Agent to Sell the Property

Tim Moore

Joe Lamb, Realty License #208639 Listed on: 08/22/2015

Last Buyer's Agent

Sumit Gupta

VR Real Estate Advisors, LLC License #212627

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,262

Year Built

  • Built in 1958

Lot Details

  • Beach Front
  • 50 Feet of Waterfront
  • Level Lot

Home Design

  • Coastal Architecture
  • Cottage
  • Asphalt Shingled Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,760 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Wood Burning Fireplace
  • Ocean Views

Kitchen

  • Oven or Range
  • Ice Maker
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Off-Street Parking

Pool

  • In Ground Pool
  • Outdoor Pool

Outdoor Features

  • Covered Deck

Utilities

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

Community Details

  • Kitty Hawk Shrs Subdivision

Listing and Financial Details

  • Tax Lot 8

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,262

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal, Cottage
  • Directions: Beach road at mile post 7.7 across from Ashville St and just south of the access.
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks
  • Flood Zone: VE
  • Subdivision Name: next to Ashville access
  • Headline: 50 ft wide oceanfront lot
  • Heated Sq Ft: 2760
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: res
  • Deed Book Pg Number: 0093
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 5
  • Countertops: Laminate
  • Floor Coverings: Carpet, Vinyl
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: Wood Fireplace

Exterior Features

  • Exterior: Vinyl
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 50
  • View: Ocean
  • Water Frontage: 50

Garage/Parking

  • Garage: 1 Car, Attached
  • Garage Sq Ft: 150
  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • Home Owner Dwelling Insurance: 5500

Lot Info

  • Lot Description: Beach Frontage, Level, Water Frontage
  • Lot Faces: e
  • Lot Size: 50x ?
  • Lot Number: Lot 8
  • Deed Book: 1590

Rental Info

  • Est Annual Rental Income: 72000
  • Estimated Rental Performance: 0.08
  • Flood Expenses: 525
  • Other Expenses: 690600
  • Rental Cottage Name: Rented by owner

Building Info

  • Year Built: 1958

Tax Info

  • Year: 2015
  • Taxes: 9262

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 9, 2017
Sold by
Patel Apurva and Gupta Bhavdeep K
Bought by
Ompg1 Llc
Current Estimated Value
$4,092,402

Purchase Details

Closed on
Apr 27, 2017
Sold by
Ompg1 Llc
Bought by
Patel Apurva and Gupta Bhavdeep K

Purchase Details

Listed on
Aug 22, 2015
Closed on
Feb 25, 2016
Sold by
Alexandra L C
Bought by
Ompgi Llc
Seller's Agent
Tim Moore
Joe Lamb, Realty
Buyer's Agent
Sumit Gupta
VR Real Estate Advisors, LLC
List Price
$969,900
Sold Price
$900,000
Premium/Discount to List
-$69,900
-7.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.97%
Original Mortgage
$2,000,000
Interest Rate
3.79%
Mortgage Type
Construction
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 Type Sale Price Title Company
Special Warranty Deed $300,000 None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,749,000 Adjustable Rate Mortgage/ARM
Previous Owner $2,000,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2017 01/06/17 Sold $3,199,858 +255.5% $376 / Sq Ft
03/01/2016 03/01/16 Sold $900,000 -69.9% $326 / Sq Ft
12/30/2015 12/30/15 Pending -- -- --
12/09/2015 12/09/15 For Sale $2,995,000 +208.8% $352 / Sq Ft
09/01/2015 09/01/15 Pending -- -- --
08/22/2015 08/22/15 For Sale $969,900 -- $351 / 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 $24,282 $3,132,800 $1,102,000 $2,030,800
2023 $24,282 $3,214,032 $1,102,000 $2,112,032
2022 $23,157 $3,214,032 $1,102,000 $2,112,032
2021 $23,157 $3,214,032 $1,102,000 $2,112,032
2020 $23,157 $3,214,032 $1,102,000 $2,112,032
2019 $25,266 $2,798,700 $690,600 $2,108,100
2018 $24,801 $2,798,700 $690,600 $2,108,100
2017 $20,999 $2,375,200 $690,600 $1,684,600
2016 $9,262 $811,800 $690,600 $121,200
2014 $6,339 $811,800 $690,600 $121,200
Source: Public Records

Agents Affiliated with this Home

  • Sumit Gupta

    Seller's Agent in 2017

    Sumit Gupta

    VR Real Estate Advisors, LLC

    (252) 207-8997

    4 in this area

    16 Total Sales

    Section Image
  • Tammy Aycock

    Seller Co-Listing Agent in 2017

    Tammy Aycock

    SAGA Realty and Construction

    (252) 207-6452

    21 in this area

    114 Total Sales

    Section Image
  • Tim Moore

    Seller's Agent in 2016

    Tim Moore

    Joe Lamb, Realty

    (252) 261-7724

    10 Total Sales

    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 89255

Outer Banks Association of REALTORS®

APN: 003712000

North Carolina Dare County Kill Devil Hills 27948

1115 N Virginia Dare Trail, Kill Devil Hills, NC

This home is located at 1115 N Virginia Dare Trail, Kill Devil Hills, NC 27948 and is currently priced at $900,000, approximately $326 per square foot. This property was built in 1958. 1115 N Virginia Dare Trail is a home located in Dare County with nearby schools including Nags Head Elementary School, First Flight Middle School, and First Flight 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.

Outer Banks Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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