NOT LISTED FOR SALE

1503 S Virginia Dare Trail Kill Devil Hills, NC 27948

Estimated Value: $3,362,000 - $7,119,000

0.51 Acre
$10,250,288 Price per Acre
22,216 Sq Ft Lot

Last Sold October 29, 2021

Last sale price $1,300,000

Est. 302% increase in value since last sale

Current estimated payment $30,255/month

9 Days on Market

About This Lot

As of October 2021

Don't wait! Centrally located in Kill Devil Hills. The only oceanfront lot available from S.Nags Head to Corolla. Close to many restaurants, Wright Brothers Memorial and Airport, shopping.... Sold for lot value only. The 1954 house is not warranted. This is a deep lot with a high elevation on the east side and wide, vegetated dune. The flood zone is X on the street half and VE on ocean side. Building possibilities may vary. See documents for zoning, setbacks, and a location survey. Brokers, please see Notes and documents.

Last Listed By

Sheila Williamson

Sheila Williamson Broker License #141039 Listed on: 08/12/2021

Sheila Williamson Broker

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,833

Year Built

  • 2022

Lot Details

  • 0.51 Acre Lot
  • Lot Dimensions are 50 x 440
  • Beach Front
  • 50 Feet of Waterfront
  • Property is zoned OIR

Property Views

  • Ocean Views

Utilities

  • Municipal Utilities District Water
  • Private Sewer

Community Details

  • Ocean Acres Inc Subdivision

Listing and Financial Details

  • Tax Block B

Property Details

Property Type

Land

Est. Annual Taxes

$7,833

Year Built

2022

Lot Details

0

Listing Details

  • Class: LOTS/LAND
  • Directions: from Croatan Hwy turn east on Neptune, third property on the ocean. Adjoins the Outer Banks Motor Lodge on the north.
  • Flood Zone: VE, X
  • Subdivision Name: Ocean Acres Inc and pt lot 17 Kill Devil Beach Sub
  • Headline: OCEANFRONT LOT
  • L V T Date: 08/14/2021
  • Roads: Public, Paved
  • Sale/Rent: For Sale
  • Section: 1
  • Waterfront Location: Oceanfront
  • Zoning: OIR
  • Deed Book Pg Number: 0108
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C7166
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 2022

Exterior Features

  • Street Frontage: 50
  • View: Ocean
  • Water Frontage: 50

Utilities

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

Lot Info

  • Estimated Lot Sq Ft: 22000
  • Lot Description: Beach Frontage, Water Frontage
  • Lot Size: 50 x 440
  • Estimated Lot Size: 0.51
  • Deed Book: 1788
  • Unit/Lot Number: Lot pt 1 /17

Tax Info

  • Year: 2021
  • Taxes: 7833

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2021
Closed on
Oct 27, 2021
Sold by
Pwh Properties Llc
Bought by
Crutchfield Michael and Crutchfield Lynnea
Seller's Agent
Sheila Williamson
Sheila Williamson Broker
Buyer's Agent
Caroline Basnight
Basnight Realty
List Price
$1,400,000
Sold Price
$1,300,000
Premium/Discount to List
-$100,000
-7.14%
Total Days on Market
9
Current Estimated Value
$5,227,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,927,647
Avg. Annual Appreciation
48.32%

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 Buyer Sale Price Title Company
Crutchfield Michael $6,500,000 Rose Harrison Gilreath & Power
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crutchfield Michael E $3,000,000
Previous Owner Longview Holdings Llc $375,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2021 10/29/21 Sold $1,300,000 -7.1% --
08/21/2021 08/21/21 Pending -- -- --
08/12/2021 08/12/21 For Sale $1,400,000 -- --
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 $30,144 $3,990,000 $939,600 $3,050,400
2023 $10,217 $1,352,400 $939,600 $412,800
2022 $7,833 $1,087,100 $939,600 $147,500
2021 $7,833 $1,087,100 $939,600 $147,500
2020 $7,833 $1,087,100 $939,600 $147,500
2019 $5,511 $633,400 $572,400 $61,000
2018 $5,390 $633,400 $572,400 $61,000
2017 $5,390 $633,400 $572,400 $61,000
2016 $5,136 $633,400 $572,400 $61,000
2014 $4,946 $633,400 $572,400 $61,000
Source: Public Records

Agents Affiliated with this Home

  • Sheila Williamson

    Seller's Agent in 2021

    Sheila Williamson

    Sheila Williamson Broker

    (252) 202-4729

    45 Total Sales

    Sheila Williamson
    Section Image
  • Caroline Basnight

    Buyer's Agent in 2021

    Caroline Basnight

    Basnight Realty

    (252) 216-6703

    189 Total Sales

    Caroline Basnight
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 115711

Outer Banks Association of REALTORS®

APN: 008234000 01

North Carolina Dare County Kill Devil Hills 27948

1503 S Virginia Dare Trail, Kill Devil Hills, NC

Homes for Sale in Kill Devil Hills, NC

This home is located at 1503 S Virginia Dare Trail, Kill Devil Hills, NC 27948 since 12 August 2021 and is currently estimated at $5,227,647. This property was built in 2022. 1503 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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