NOT LISTED FOR SALE

1305 S Virginia Dare Trail Kill Devil Hills, NC 27948

Estimated Value: $4,910,000 - $8,259,000

16 Beds
11 Baths
7,200 Sq Ft
$861/Sq Ft Est. Value

Last Sold April 20, 2021

Last sale price $3,300,000 $458 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $38,265/month

17 Days on Market

Highlights

  • Beach Front
  • Coastal Architecture
  • Furnished
  • Ocean View
  • Wood Flooring

About This Home

As of April 2021

RARE offering -3 adjoining 50 ft ocean front lots with some of the widest beaches on the island and uparalleled ocean views. Own one, two or all 3 of these homesites, located in the heart of the Outer Banks 9.5 Mile Post of Kill Devil Hills. These 3 prime lots have unlimited development potential for large single homes, cottage court or condominium complex or reconfigure these into 2 unequalled 75ft lots or one large parcel. Currently in use as cottage/family compound there are 6 rental homes with very strong rental histories. Together, they comprise 17 bedrooms, 10 bathrooms + 7 outside showers, 7 fully-equipped kitchens and sleep 38+ people. This current use has been a favorite for many families wanting to vacation together, yet separately, allowing each family to have their own space. The homes and property may be viewed at https://www.joelambjr.com/ , houses H 1-5. and a rental history is available upon request. Call the agent for more suggestions and ideas, or if you need additional information and details about this rare and exclusive property.

Last Listed By

Sarah Spencer

Keller Williams - Outer Banks License #185795 Listed on: 01/29/2021

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,824

Year Built

  • Built in 1940

Lot Details

  • 1.12 Acre Lot
  • Beach Front

Home Design

  • Coastal Architecture
  • Bungalow
  • Frame Construction
  • Asphalt Shingled Roof
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 7,200 Sq Ft Home
  • Furnished
  • Wood Flooring
  • Ocean Views

Bedrooms and Bathrooms

  • 16 Bedrooms

Utilities

  • Municipal Utilities District Water
  • Private or Community Septic Tank

Community Details

  • Kill Devil Bch Subdivision

Listing and Financial Details

  • Legal Lot and Block 3,4,pt5 / B

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,824

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Bungalow, Coastal
  • Flood Zone: VE
  • Subdivision Name: Kill Devil Beach Sec 1 Revised
  • Headline: Heart of the Beach-OF!
  • Heated Sq Ft: 7200
  • L V T Date: 01/29/2021
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 1
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Advertised Income 2020: 183300
  • Deed Book Pg Number: 212
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C30917
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator
  • Bedrooms: 16
  • Floor Coverings: Wood
  • Foundation: Piling
  • Full Bathrooms: 9
  • Furnishings Available: Yes
  • Partial Bathrooms: 2

Exterior Features

  • Construction: Frame
  • Exterior: Shakes
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Utilities

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

Lot Info

  • Estimated Lot Sq Ft: 49000
  • Lot Description: Beach Frontage, Easement(s)
  • Lot Number: Lot 3,4,pt5
  • Estimated Lot Size: 1.12
  • Deed Book: 1546

Rental Info

  • Est Annual Rental Income: 183300
  • Estimated Rental Performance: 0.0555
  • Lease Terms: Weekly
  • Rental Co: Joe Lamb Realty
  • Rental Cottage Name: Win Eden @ The Homestead
  • Rental Cottage Number: H 1-5
  • Rental Phone Number: (252) 261-4444
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 1940

Multi Family

  • No. of Units: 2

Tax Info

  • Year: 2020
  • Taxes: 8823.96

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2021
Closed on
Apr 14, 2021
Sold by
Kdh Properties Llc
Bought by
Vision Land Group Llc
Seller's Agent
Sarah Spencer
Keller Williams - Outer Banks
Buyer's Agent
Eddie Goodrich
Village Realty Holdings, LLC - NH
List Price
$3,300,000
Sold Price
$3,300,000
Total Days on Market
17
Current Estimated Value
$6,199,766

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,899,766
Avg. Annual Appreciation
16.85%

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 Buyer Sale Price Title Company
Vision Land Group Llc $3,300,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vision Land Group Llc $3,529,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2021 04/20/21 Sold $3,300,000 0.0% $458 / Sq Ft
02/15/2021 02/15/21 Pending -- -- --
01/29/2021 01/29/21 For Sale $3,300,000 -- $458 / 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 $46,718 $5,974,300 $1,213,700 $4,760,600
2023 $46,574 $6,164,724 $1,213,700 $4,951,024
2022 $11,247 $1,561,060 $1,213,700 $347,360
2021 $8,876 $1,231,928 $1,044,000 $187,928
2020 $8,876 $1,231,928 $1,044,000 $187,928
2019 $6,089 $695,600 $608,800 $86,800
2018 $5,957 $695,700 $608,800 $86,900
2017 $5,957 $695,700 $608,800 $86,900
2016 $5,677 $695,700 $608,800 $86,900
2014 $5,470 $695,700 $608,800 $86,900
Source: Public Records

Agents Affiliated with this Home

  • Sarah Spencer

    Seller's Agent in 2021

    Sarah Spencer

    Keller Williams - Outer Banks

    (252) 202-3357

    346 Total Sales

    Sarah Spencer
    Section Image
  • Eddie Goodrich

    Buyer's Agent in 2021

    Eddie Goodrich

    Village Realty Holdings, LLC - NH

    (252) 475-0874

    20 Total Sales

    Eddie Goodrich
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 112631

Outer Banks Association of REALTORS®

APN: 004664000

North Carolina Dare County Kill Devil Hills 27948

1305 S Virginia Dare Trail, Kill Devil Hills, NC

Homes for Sale in Kill Devil Hills, NC

This home is located at 1305 S Virginia Dare Trail, Kill Devil Hills, NC 27948 since 29 January 2021 and is currently estimated at $6,199,766, approximately $861 per square foot. This property was built in 1940. 1305 S Virginia Dare Trail 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.

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