NOT LISTED FOR SALE

1205 S Virginia Dare Trail Kill Devil Hills, NC 27948

Estimated Value: $2,121,000 - $2,571,057

8 Beds
5 Baths
4,136 Sq Ft
$567/Sq Ft Est. Value

Last Sold April 25, 2013

Last sale price $775,000 $187 Per Sq Ft

Est. 202% increase in value since last sale

Current estimated payment $13,379/month

175 Days on Market

Highlights

  • Ocean Front
  • In Ground Pool
  • Tile Flooring
  • Beach Access
  • Furnished
  • Wood Siding

About This Home

As of April 2013

UNDER CONTRACT. CONTINUE TO SHOW. BACK UP OFFERS WELCOME. SHORT SALE SUBJECT TO SELLER'S LENDER APPROVAL. 10% gross return * Oceanfront * Fully Furnished * Rentals in place for 2012 * Outstanding opportunity! * Deep Lot * Strong Dune * 8 Bedrooms

Last Agent to Sell the Property

Gray Berryman

Carolina Designs Realty License #214315 Listed on: 03/16/2012

Last Buyer's Agent

Jane Ford

Ford Luxury Properties, LLC License #212824

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,472

Year Built

  • Built in 1997

Lot Details

  • Ocean Front
  • Property is zoned OIR

Home Design

  • Wood Siding
  • Shake Siding

Interior Spaces

  • 4,136 Sq Ft Home
  • Furnished
  • Ocean Views

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Full Bathrooms

Pool

  • In Ground Pool
  • Fiberglass Pool

Outdoor Features

  • Beach Access

Utilities

  • Municipal Utilities District Water
  • Private or Community Septic Tank

Listing and Financial Details

  • Legal Lot and Block lot 3 / 5

Community Details

Overview

  • Kill Devil Hills Sec 1 Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,472

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Extras: Beach Access, Boardwalk to Beach
  • Headline: Oceanfront Short Sale
  • Heated Sq Ft: 4136
  • Potential Short Sale: Yes
  • Sale/Rent: For Sale
  • Section: 1
  • Waterfront Location: Oceanfront
  • Zoning: OIR
  • Deed Book Pg Number: 0285
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 8
  • Floor Coverings: Carpet, Tile
  • Full Bathrooms: 5
  • Furnishings Available: Yes

Exterior Features

  • Exterior: Shakes, Wood
  • Pool: Yes
  • Pool Type: Outdoor, In Ground, Fiberglass
  • View: Ocean

Utilities

  • Sewer/Septic System: Private Septic
  • Water: Municipal

Lot Info

  • Lot Description: Water Frontage
  • Lot Number: lot 3
  • Deed Book: 1823

Rental Info

  • Est Annual Rental Income: 93035
  • Estimated Rental Performance: 0.12
  • Lease Terms: Weekly
  • Other Expenses: 1
  • Rental Co: Carolina Designs
  • Rental Cottage Name: Karma II
  • Rental Cottage Number: 261
  • Rental Phone Number: 261 3934
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 1997

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2011
  • Taxes: 8472

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 23, 2023
Sold by
Rickie Thomas Baxter Living Trust
Bought by
Russell Ruthe and Baxter Robert
Current Estimated Value
$2,343,764

Purchase Details

Closed on
Jan 17, 2019
Sold by
Baxter Rickie T
Bought by
Rickie Thomas Baxter Lt

Purchase Details

Listed on
Mar 16, 2012
Closed on
Apr 25, 2013
Sold by
Sassan Ardeshir and Veinberga Agnese
Bought by
Baxter Rickie Thomas and Baxter Mary
Seller's Agent
Gray Berryman
Carolina Designs Realty
Buyer's Agent
Jane Ford
Ford Luxury Properties, LLC
List Price
$950,000
Sold Price
$775,000
Premium/Discount to List
-$175,000
-18.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.20%
Original Mortgage
$620,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 22, 2012
Sold by
Osprey Engineering & Management Llc
Bought by
Sassan Ardeshir

Purchase Details

Closed on
Dec 28, 2009
Sold by
Rassoulpour Ali and Rassoulpour Nayereh
Bought by
Osprey Engineering & Management Llc

Purchase Details

Closed on
Sep 25, 2006
Sold by
Sassan Ardeshir
Bought by
Rassoulpour Ali and Rassoulpour Nayereh

Purchase Details

Closed on
Mar 31, 2006
Sold by
Rassoulpour Ali and Rassoulpour Nayereh
Bought by
Sassan Ardeshir
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Russell Ruthe -- --
Russell Ruthe -- None Listed On Document
Rickie Thomas Baxter Lt -- --
Baxter Rickie Thomas $775,000 None Available
Sassan Ardeshir -- None Available
Osprey Engineering & Management Llc -- None Available
Rassoulpour Ali -- None Available
Sassan Ardeshir -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Baxter Rickie Thomas $620,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/25/2013 04/25/13 Sold $775,000 -18.4% $187 / Sq Ft
09/07/2012 09/07/12 Pending -- -- --
03/16/2012 03/16/12 For Sale $950,000 -- $230 / 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 $12,462 $2,141,700 $1,420,000 $721,700
2024 $12,156 $1,586,700 $1,029,500 $557,200
2023 $12,156 $1,608,988 $1,029,500 $579,488
2022 $11,593 $1,608,988 $1,029,500 $579,488
2021 $11,609 $1,608,988 $1,029,500 $579,488
2020 $11,593 $1,608,988 $1,029,500 $579,488
2019 $9,437 $1,064,200 $654,200 $410,000
2018 $9,230 $1,064,200 $654,200 $410,000
2017 $9,230 $1,064,200 $654,200 $410,000
2016 $8,796 $1,064,200 $654,200 $410,000
2014 $8,390 $1,054,400 $654,200 $400,200
Source: Public Records

Agents Affiliated with this Home

  • Gray Berryman

    Seller's Agent in 2013

    Gray Berryman

    Carolina Designs Realty

    (252) 573-9503

    12 in this area

    181 Total Sales

    Gray Berryman
    Section Image
  • Jane Ford

    Buyer's Agent in 2013

    Jane Ford

    Ford Luxury Properties, LLC

    (252) 599-0055

    1 in this area

    6 Total Sales

    Jane Ford
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 74073

Outer Banks Association of REALTORS®

APN: 004272001

North Carolina Dare County Kill Devil Hills 27948

1205 S Virginia Dare Trail, Kill Devil Hills, NC

Not Listed for Sale

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