$249,000
SOLD APR 12, 2016

1401 S Virginia Dare Trail Unit 12 Kill Devil Hills, NC 27948

2 Beds
2 Baths
900 Sq Ft
1.08 Acres

Recently Sold

$277 Per Sq Ft

9% Below List Price

116 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Coastal Architecture
  • Community Beach Access
  • Outdoor Pool
  • Furnished

About This Home

As of November 2023

Prime location with stunning oceanfront views the moment you walk in the door. Top floor, end unit is in one of the most coveted locations of The Regency building. Unit 12 is on the south side and protected from harsh northeast wind and weather. Stunning ocean views from both living room and master bedroom. Both rooms open to private deck. Beautifully wide and stable beach with well vegetated dune. This beach is uncrowded and perfect location to spread out in peak summer season. Owners recently installed a new air conditioner, washer/dryer, refrigerator, rugs, sofa,3 new flatscreen TV's, and a stair tamer so guests do not have to carry their belongings. The gross income is just over $20,000, and if buyer chose to be more competitive with rentals could do even better. Relax under the new gazebo and walkway to the beach. This Condo Is a Real Find, and It's Move-In Ready!

Last Agent to Sell the Property

Heather VanderMyde

Coldwell Banker Seaside Realty - KDH License #207518 Listed on: 11/14/2015

Coldwell Banker Seaside Realty - KDH

Last Buyer's Agent

David Weybright

Coastal Outer Banks Realty License #185816

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,765

Year Built

  • Built in 1981

HOA Fees

  • $498 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Traditional Architecture
  • Property Attached
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 900 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Dining Room
  • Ocean Views
  • Stacked Washer and Dryer

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Parking

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

Utilities

  • Central Air
  • Heat Pump System
  • Municipal Utilities District Water
  • Community Sewer or Septic

Additional Features

  • Outdoor Pool
  • Beach Front

Community Details

Overview

  • Association fees include building maintenance, cable, common electric, common insurance, flood insurance, grounds maintenance, management, pool
  • Regency Condos Subdivision

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,765

Year Built

Built in 1981

Lot Details

0

HOA Fees

$498 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Traditional, Coastal
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s)
  • Headline: Great rental with 7% R.O.I
  • Heated Sq Ft: 900
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Unit Level Number: 3
  • Waterfront Location: Oceanfront
  • Zoning: O
  • Deed Book Pg Number: 0101
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Microwave, Range/Oven, Refrigerator, Stackable Washer/Dryer
  • Bedrooms: 2
  • Kitchen: On Level: 3
  • Floor Coverings: Carpet, Ceramic Tile
  • Foundation: Piling, Slab
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Dryer Connection, Ensuite, Washer Connection
  • Dining Room: On Level: 3
  • Living Room: Ocean View, On Level: 3

Exterior Features

  • Construction: Block, Frame
  • Exterior: Vinyl
  • Pool: Yes
  • Pool: Association
  • Pool Type: Outdoor, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Parking Lot, Paved, Off Street, Under

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Building Maintenance, Cable, Common Electric, Common Insurance, Flood Insurance, Grounds Maintenance, Management, Pool
  • Condo Type: Attached
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool
  • Association Fee: Yes
  • Estimated Annual Fee: 5980
  • HOA Contact: Lew Williams
  • Home Owner Dwelling Insurance: 705

Lot Info

  • Lot Description: Beach Frontage, Water Frontage
  • Lot Faces: E
  • Deed Book: 1869

Rental Info

  • Est Annual Rental Income: 20370
  • Estimated Rental Performance: 0.0818
  • Rental Co: Sun Realty
  • Rental Cottage Name: Reg-A12
  • Rental Cottage Number: Reg-A12
  • Rental Phone Number: 252-441-7033
  • Rental Turnover Day: Sat
  • Annual Cable TV Expense: 288
  • Annual Electric: 756

Building Info

  • Year Built: 1981

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2015
  • Taxes: 1764.93

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2023
Closed on
Nov 22, 2023
Sold by
112 Thompson Street Llc
Bought by
Peters Wyatt Charles Will and Peters Emily Marcella
Seller's Agent
Sarah Spencer
Keller Williams - Outer Banks
Buyer's Agent
Melanie Day
Landmark Sotheby's International Realty
List Price
$530,000
Sold Price
$530,000
Views
25
Current Estimated Value
$522,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,861
Avg. Annual Appreciation
-0.34%

Purchase Details

Listed on
Jun 3, 2022
Closed on
Oct 11, 2022
Sold by
Wells Robert E
Bought by
112 Thompson Street Llc
Seller's Agent
Trisha Midgett
Midgett Realty - Rodanthe
Buyer's Agent
Sarah Spencer
Keller Williams - Outer Banks
List Price
$514,900
Sold Price
$450,000
Premium/Discount to List
-$64,900
-12.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.88%

Purchase Details

Closed on
Jun 10, 2011
Sold by
Hritz Charles S F and Hritz Margaret L
Bought by
Macdonald Kevin T and Macdonald Helen M
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $530,000 None Listed On Document
Warranty Deed $2,250,000 --
Warranty Deed $225,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $190,000 Commercial
Previous Owner $67,500 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2023 11/22/23 Sold $530,000 0.0% $566 / Sq Ft
09/23/2023 09/23/23 Pending -- -- --
09/19/2023 09/19/23 For Sale $530,000 +17.8% $566 / Sq Ft
10/14/2022 10/14/22 Sold $450,000 -8.0% $481 / Sq Ft
09/12/2022 09/12/22 Pending -- -- --
08/29/2022 08/29/22 Price Changed $489,000 -2.0% $522 / Sq Ft
07/01/2022 07/01/22 Price Changed $499,000 -3.1% $533 / Sq Ft
07/01/2022 07/01/22 For Sale $514,900 0.0% $550 / Sq Ft
06/07/2022 06/07/22 Pending -- -- --
06/03/2022 06/03/22 For Sale $514,900 +106.8% $550 / Sq Ft
04/12/2016 04/12/16 Sold $249,000 -9.5% $277 / Sq Ft
03/09/2016 03/09/16 Pending -- -- --
11/14/2015 11/14/15 For Sale $275,000 -- $306 / 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 $2,250 $291,300 $130,000 $161,300
2023 $1,167 $297,752 $130,000 $167,752
2022 $2,145 $297,752 $130,000 $167,752
2021 $2,145 $297,752 $130,000 $167,752
2020 $1,894 $297,752 $130,000 $167,752
2019 $1,894 $213,000 $120,000 $93,000
2018 $0 $213,000 $120,000 $93,000
2017 $1,852 $213,000 $120,000 $93,000
2016 $1,765 $213,000 $120,000 $93,000
2014 $1,700 $213,000 $120,000 $93,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 90270

Outer Banks Association of REALTORS®

APN: 028113000