NOT LISTED FOR SALE

1508 Baileys Bay Rd Unit 5 Kill Devil Hills, NC 27948

Estimated Value: $494,892 - $533,000

3 Beds
2.5 Baths
1,514 Sq Ft
$563/mo HOA Fee

Last Sold February 06, 2024

Last sale price $525,000 $347 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,618/month

101 Days on Market

Highlights

  • In Ground Pool
  • Home fronts a pond
  • Clubhouse
  • First Flight Middle School Rated A-
  • Pond View
  • Coastal Architecture

About This Home

As of February 2024

A turnkey gem in Bermuda Bay! Anchors Aweigh has everything you need in a perfect beach home, all pulled together in one neat package. Just a short walk or ride to the incredible Bermuda Bay pool, clubhouse and premier amenities of Bermuda Bay, in the heart of everything on the Outer Banks. This home is the best of both worlds: free-standing, not attached to any other home, and a condominium. You enjoy all the advantages of your solitary beach home with all the benefits of full-service HOA for turnkey condominium living, from amenities, landscaping to power washing the exterior of your home, even basic cable is included. Anchors Aweigh is an “Insta-worthy” home, perfectly done with quality construction and components, and every detail impeccable. The main level offers an open living area for the family to gather, whether around the bar in the exquisite kitchen, playing games at the generous dining table or watching the game on the large tv in the living room. The patio offers a quiet pond-front getaway with a hot tub and outdoor shower. A fenced yard is perfect for your furry family members. The interior and exterior living spaces have a nice flow to them. Lutron smart switches control the LED lighting and ceiling fans, and a pristine powder room completes the first floor. Upstairs are the three bedrooms, including a spacious master bedroom with king-sized bed, en suite and private balcony. The queen room has beautiful views of the pond, and shares a full bath with the bunk room for the kids to create vacation memories. All three bedrooms have generous walk-in closets, and the laundry room is conveniently located upstairs as well. Finally, the attached one-car garage offers space for bikes and beach toys, while three dedicated parking spaces offer you the ultimate convenience for your vehicles. This is a rare opportunity in Bermuda Bay. All it needs is you!

Last Listed By

Chris Toolan

Century 21 Nachman Realty License #225076 Listed on: 09/13/2023

Century 21 Nachman Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,503

Year Built

  • Built in 2017

Lot Details

  • Home fronts a pond
  • Fenced Yard
  • Landscaped

HOA Fees

  • $563 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Frame Construction

Interior Spaces

  • 1,514 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Pond Views

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Garage Door Opener

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Covered Deck
  • Patio

Utilities

  • Heat Pump System

Community Details

Overview

  • Association fees include building maintenance, common electric, common insurance, grounds maintenance, management, pool, road maintenance, sewer/septic
  • Goodmanagement Association
  • Bermuda Bay Devonshire Place Subdivision

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,503

Year Built

Built in 2017

Lot Details

0

HOA Fees

$563 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Directions: From Bermuda Bay Blvd, pass Devonshire Rd on right, then turn right onto Baileys Bay Rd. Take the immediate left, then left again. Home is on the right.
  • Extras: Ceiling Fan(s), Covered Decks, Fenced Yard, Garage Door Opener, Hot Tub, Landscaped, Patio, Dry Entry
  • Headline: Easy living, turn key condo!
  • Heated Sq Ft: 1514
  • L V T Date: 09/13/2023
  • Sale/Rent: For Sale
  • Unit Level Number: 1
  • Waterfront Location: Pondfront
  • Zoning: G/I
  • Deed Book Pg Number: 316
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Bermuda Bay
  • Newpoint Media: Yes
  • Office License Number: C19525
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Ensuite, Walk in Closet
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Pool: Yes
  • Pool: Association
  • Pool Type: Outdoor, In Ground, Association Pool
  • View: Pond

Garage/Parking

  • Garage: Attached, 1 Car

Utilities

  • Cooling: Heat Pump
  • Heating: Heat Pump

Condo/Co-op/Association

  • HOA Fee Includes: Building Maintenance, Common Electric, Common Insurance, Grounds Maintenance, Management, Pool, Road Maintenance, Sewer/Septic
  • Condo Type: Detached
  • Association Amenities: Clubhouse, Outdoor-Comm. Pool, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 6756
  • Hoa Contact: Goodmanagement
  • HOA Contact: info@goodmanagement.com

Lot Info

  • Deed Book: 2312

Rental Info

  • Est Annual Rental Income: 62289
  • Estimated Rental Performance: 0.1186

Building Info

  • Year Built: 2017

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2023
  • Taxes: 2502.98

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2023
Closed on
Feb 6, 2024
Sold by
Francis Severa Jeffrey and Suter Lindsay
Bought by
Vanvalzah Robert A and Colley Katharine L
Seller's Agent
Chris Toolan
Century 21 Nachman Realty
Buyer's Agent
Holly Henry-West
Century 21 Nachman Realty
List Price
$579,900
Sold Price
$525,000
Premium/Discount to List
-$54,900
-9.47%
Total Days on Market
101
Views
234
Current Estimated Value
$513,223

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,777
Avg. Annual Appreciation
-1.80%
Original Mortgage
$536,287
Outstanding Balance
$529,400
Interest Rate
6.61%
Mortgage Type
VA
Estimated Equity
-$16,177

Purchase Details

Closed on
Mar 19, 2021
Sold by
Perry Dale Haroski and Perry Michael Anthony
Bought by
Weese Jarred R and Weese Lindsey

Purchase Details

Listed on
Jul 4, 2017
Closed on
Nov 8, 2017
Sold by
Florida Obx Ii Llc
Bought by
Severa Jeffrey Francis and Severa Lindsay Suter
Seller's Agent
Heather Sakers
Coldwell Banker Seaside Realty KH
Buyer's Agent
Heather Sakers
Coldwell Banker Seaside Realty KH
List Price
$306,500
Sold Price
$310,350
Premium/Discount to List
$3,850
1.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.96%
Original Mortgage
$248,280
Interest Rate
3.88%
Mortgage Type
New Conventional

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
Vanvalzah Robert A $525,000 None Listed On Document
Weese Jarred R $370,000 None Available
Severa Jeffrey Francis $310,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vanvalzah Robert A $536,287
Previous Owner Severa Jeffrey Francis $248,280
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2024 02/06/24 Sold $525,000 -4.5% $347 / Sq Ft
12/23/2023 12/23/23 Pending -- -- --
10/23/2023 10/23/23 Price Changed $549,900 -5.2% $363 / Sq Ft
09/13/2023 09/13/23 For Sale $579,900 +86.9% $383 / Sq Ft
11/15/2017 11/15/17 Sold $310,350 +1.3% $205 / Sq Ft
07/04/2017 07/04/17 Pending -- -- --
07/04/2017 07/04/17 For Sale $306,500 -- $202 / 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 $2,503 $331,300 $60,000 $271,300
2023 $2,503 $331,300 $60,000 $271,300
2022 $2,387 $331,300 $60,000 $271,300
2021 $2,387 $331,300 $60,000 $271,300
2020 $2,387 $331,300 $60,000 $271,300
2019 $1,590 $182,800 $35,000 $147,800
2018 $1,555 $182,800 $35,000 $147,800
Source: Public Records

Agents Affiliated with this Home

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Source: Outer Banks Association of REALTORS®

MLS Number: 123403

Outer Banks Association of REALTORS®

APN: 008164008