NOT LISTED FOR SALE

115 E Dove St Nags Head, NC 27959

Estimated Value: $1,973,000 - $6,300,000

-- Bed
-- Bath
-- Sq Ft
0.92 Acres

Last Sold January 06, 2023

Last sale price $5,000,000

Est. 19% decrease in value since last sale

Current estimated payment $22,513/month

320 Days on Market

Highlights

  • Ocean Front
  • Cul-De-Sac
  • Central Heating and Cooling System
  • 0.92 Acre Lot
  • Tile Flooring
  • Level Lot

About This Home

As of January 2023

A wonderful opportunity not to be missed in an absolutely wonderful location in Nags Head. This one of a kind new turnkey cottage court where top of the line features abound. Featuring six 4 bedroom houses centered around an outdoor pool and fabulous tiki bar. Each of the six homes are detailed in classy coastal high end furnishings and spacious rooms for guests to enjoy while not taking advantage of the outdoor amenities including private hot tubs for each house. All homes are equipped with LED lighting. The finest finishings throughout assure return rentals for years to come. This is a rental machine with so much possible growth beyond the strong current numbers to enjoy high ROI.

Last Agent to Sell the Property

Caroline Basnight

Basnight Realty License #222115 Listed on: 09/30/2021

Last Buyer's Agent

Caroline Basnight

Basnight Realty License #222115 Listed on: 09/30/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,676

Year Built

  • Built in 2019

Lot Details

  • 0.92 Acre Lot
  • Ocean Front
  • Cul-De-Sac
  • Level Lot

Home Design

  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction

Flooring

  • Tile
  • Vinyl

Parking

  • Paved Parking
  • Off-Street Parking

Utilities

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

Community Details

  • 6 Units
  • Roanoke Snd Shr Subdivision

Listing and Financial Details

  • Tax Block C1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,676

Year Built

Built in 2019

Lot Details

0

Listing Details

  • Class: COMMERCIAL/INDUSTRIAL
  • Flood Zone: X
  • Subdivision Name: Roanoke Sound Shores Resub Section 3
  • Headline: Rental Machine!
  • L V T Date: 09/30/2021
  • Roads: Paved
  • Sale/Rent: For Sale
  • Section: 3
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: com
  • Current Use: Cottage Court
  • Property Features: Gutter(s), Outside Storage, Underground Sprinkler
  • Deed Book Pg Number: 0560
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C26996
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Foundation: Piling
  • Floor Covering: Tile, Vinyl

Exterior Features

  • Construction: Frame, Wood
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Garage Details: Paved, Off Street, Under

Utilities

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

Lot Info

  • Estimated Lot Sq Ft: 40000
  • Lot Description: Common Area, Cul-de-sac, Level
  • Estimated Lot Size: 0.92
  • Deed Book: 2228
  • Unit/Lot Number: Lot New B

Rental Info

  • Estimated Income: 850000
  • Gross Income Range: $400,001 - $800,000

Building Info

  • Year Built: 2019

Multi Family

  • No. of Units: 6

Tax Info

  • Year: 2021
  • Taxes: 14675.67

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2021
Closed on
Jan 6, 2023
Sold by
Gandt Development Llc
Bought by
Gsc 115 East Dove Llc
Seller's Agent
Caroline Basnight
Basnight Realty
Buyer's Agent
Caroline Basnight
Basnight Realty
List Price
$5,990,000
Sold Price
$5,000,000
Premium/Discount to List
-$990,000
-16.53%
Current Estimated Value
$4,054,690

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$945,310
Avg. Annual Appreciation
-9.79%
Original Mortgage
$3,697,500
Outstanding Balance
$3,284,089
Interest Rate
5.9%
Mortgage Type
New Conventional
Estimated Equity
$509,400

Purchase Details

Closed on
Mar 15, 2018
Sold by
Pelicans Nest Llc
Bought by
Gandt Development Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Gsc 115 East Dove Llc $30,000,000 None Listed On Document
Gandt Development Llc $685,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gsc 115 East Dove Llc $3,697,500
Closed Gsc 115 East Dove Llc $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2023 01/06/23 Sold $5,000,000 +0.2% --
08/16/2022 08/16/22 Pending -- -- --
04/22/2022 04/22/22 Price Changed $4,990,000 -7.6% --
03/25/2022 03/25/22 Price Changed $5,400,000 -9.8% --
01/20/2022 01/20/22 For Sale $5,990,000 0.0% --
10/26/2021 10/26/21 Pending -- -- --
09/30/2021 09/30/21 For Sale $5,990,000 -- --
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 $7,094 $2,117,700 $875,000 $1,242,700
2023 $7,094 $2,117,700 $875,000 $1,242,700
2022 $8,481 $2,117,700 $875,000 $1,242,700
2021 $14,676 $2,117,700 $875,000 $1,242,700
2020 $8,680 $2,167,408 $875,000 $1,292,408
2019 $5,788 $1,208,800 $756,000 $452,800
2018 $1,272 $270,600 $270,600 $0
2017 $1,272 $270,600 $270,600 $0
2016 $1,164 $270,600 $270,600 $0
2014 $1,164 $270,600 $270,600 $0
Source: Public Records

Agents Affiliated with this Home

  • Caroline Basnight

    Seller's Agent in 2023

    Caroline Basnight

    Basnight Realty

    (252) 216-6703

    28 in this area

    188 Total Sales

    Caroline Basnight
    Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 116307

Outer Banks Association of REALTORS®

APN: 008625000

North Carolina Dare County Nags Head 27959

115 E Dove St, Nags Head, NC

This home is located at 115 E Dove St, Nags Head, NC 27959 since 30 September 2021 and is currently estimated at $4,054,690. This property was built in 2019. 115 E Dove St 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.

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.

Nearby Homes