NOT LISTED FOR SALE

1601 N Virginia Dare Trail Unit 305 Kill Devil Hills, NC 27948

Estimated Value: $857,000 - $919,000

3 Beds
2 Baths
1,973 Sq Ft
$455/Sq Ft Est. Value

Last Sold August 17, 2023

Last sale price $1,120,000 $568 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $5,970/month

4 Days on Market

Highlights

  • Beach Front
  • Community Beach Access
  • Concrete Pool
  • First Flight Middle School Rated A-
  • Ocean View
  • 2.66 Acre Lot

About This Home

As of August 2023

Located in the most prized position of the prestigious Crystal Shores building, this top floor, 3 bedroom, 1,973 sf luxury Oceanfront Penthouse is likely the most premier Oceanfront condo on the Outer Banks! This Oceanfront HOME offers a unique & opulent design, with 32' of ocean frontage & oceanside decking, amazing views, full floor to ceiling impact glass & patio doors line the oceanfront, 11' to 19' great room and atrium ceilings, fireplace and built-ins in great room, palatial en-suite bedroom (the main boudoir), a separate private wing for additional 2 bedrooms, and Westside decking area. This home offers commanding, spectacular, and panoramic oceanfront views, from inside and out, for as far as the eye can see. Completely remodeled in 2020, literally from top to bottom, with no expense spared, in high end, only high quality fashion, and shows like a model home. Too much to list, but includes new custom kitchen with quartz counters, shaker style wood soft close cabinets, custom backsplash's, high end GE 'Cafe' stainless appliances w/ induction stove, all new flooring, new trim & crown molding, quartz tops line the great room built-in cabinets, as well as en-suite bedroom built-ins and work station, amazing en-suite bathroom with an amazing oversized custom tile shower, double quartz vanity, etc, etc, etc. This special South end unit is in the Eastern most building position, offers 19' high atrium ceilings, multiple South facing windows, for extra light and ocean views. New lighting, hardware, fixtures, & the best quality window treatments available, from Full Tilt Blinds, lots of storage, 4 sets of Polk Audio recessed speakers with perfect acoustics inside. The impressive oceanside impact glass patio doors and fixed panels replaced in 2015, 5 South & West windows, and front door replaced 2020. Expansive great room, measuring 50' x 19', notice floorplans in photos. Truly amazing property that must be seen to be appreciated, not rented and clean, clean, clean! Crystal Shores provides a solid concrete structure, ground floor garage with reserved parking and large private storage area, elevator, well kept grounds, community pool, and direct ocean access, in convenient central location. Professional and well managed community of just 15 homeowners, these cherished units are rarely available and represent a unique opportunity. Mostly second home use in this community, but if desired high rental potential exists; rental projections from Sun Realty and Village Realty, who currently manage units in the building, come in at $80k-$82k+ owners rental income. With almost 2,000 sf of living area, Oceanfront location, unparalleled views, ample Oceanfront decking, Soundside decking, better than new high quality fit & finish, elevator, pool, garage parking and storage, & rental potential if desired, this property provides a great value at this price point in our marketplace! Property offered with all appliances, all window treatments, and unfurnished. Local furnishing provider, Exotic Home, has already toured the property and has put together a proposed furnishings package, featuring high quality solid wood pieces, artwork, lamps, bedding, for a turn key package, available at our 20% developer discount, exclusively for this #305 Crystal Shores property. Also, many other furnishing options, would not be difficult to furnished these 3 bedrooms, dining, and living area. Descriptions, brochure, and line item budget on hand and available to all interested parties and agents, please request. For this community, annual HOA dues are $8,640, with an annual insurance assessment, for 2023 of $5,106. Reach out today for your private showing, and considering securing this premier property, you'll be happy you did. Additional photos: https://www.mylisting.cloud/sites/ynkqvoz/unbranded

Last Agent to Sell the Property

Mark Massey

Outer Banks Realty Group License #188389 Listed on: 06/29/2023

Last Buyer's Agent

Karen DelVacchio

Basnight Realty License #222123

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,688

Year Built

  • Built in 1988

Lot Details

  • 2.66 Acre Lot
  • Lot Dimensions are 200 x 550
  • Beach Front
  • 200 Feet of Waterfront
  • Landscaped

HOA Fees

  • $720 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Property Attached
  • Entry on the 3rd floor
  • Masonry Perimeter Foundation
  • Shake Siding
  • Masonry

Interior Spaces

  • 1,973 Sq Ft Home
  • Elevator
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Utility Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Quartz Countertops

Flooring

  • Carpet
  • Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Tuck Under Parking
  • Parking Garage Space

Accessible Home Design

  • Handicap Accessible

Outdoor Features

  • Concrete Pool
  • Sun Deck
  • Covered Deck

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Block B

Community Details

Overview

  • Association fees include building maintenance, cable, common electric, common insurance, grounds maintenance, management, pool, sewer/septic, water, walkways
  • Seaside Management Association, Phone Number (252) 261-1200
  • Crystal Shores Subdivision

Amenities

  • Common Area

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,688

Year Built

Built in 1988

Lot Details

0

HOA Fees

$720 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Coastal
  • Directions: 1601 N Va Dare Trail, parking in front, owner parking below, elevator from garage or from pool level, along with stairs.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Elevator, Handicap Friendly, Landscaped, Smoke Detector(s), Sun Deck, Dry Entry
  • Flood Zone: AO, VE
  • Subdivision Name: Crystal Shores Condos
  • Headline: 3 br Luxury Penthouse Condo!
  • Heated Sq Ft: 1973
  • L V T Date: 06/29/2023
  • Primary Residence: Yes
  • Sale/Rent: For Sale
  • Section: 1
  • Unit Level Number: 3
  • Waterfront Location: Oceanfront
  • Zoning: OIR
  • Deed Book Pg Number: 0606
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C25379
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, Wine Cooler
  • Bedrooms: 3
  • Countertops: Quartz
  • Floor Coverings: Carpet, Tile, Luxury Vinyl Plank
  • Foundation: Masonry
  • Full Bathrooms: 2
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Ensuite, Walk in Closet, Wood Fireplace
  • Optional Rooms: Utility Room

Exterior Features

  • Construction: Masonry
  • Exterior: Shakes
  • Pool: Yes
  • Pool: Association
  • Pool Type: Outdoor, Concrete, Association Pool
  • Street Frontage: 200
  • View: Ocean
  • Water Frontage: 200

Garage/Parking

  • Garage: 1 Car
  • Parking: Parking Garage, Under

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Building Maintenance, Cable, Common Electric, Common Insurance, Grounds Maintenance, Management, Pool, Sewer/Septic, Water, Walkways
  • Condo Type: Attached
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 8640
  • Hoa Contact: Seaside Management
  • HOA Contact: 252-261-1200

Lot Info

  • Estimated Lot Sq Ft: 115869
  • Lot Description: Beach Frontage, Water Frontage
  • Lot Faces: E
  • Lot Size: 200 x 550
  • Estimated Lot Size: 2.66
  • Deed Book: 2281

Rental Info

  • Est Annual Rental Income: 82616
  • Estimated Rental Performance: 0.0738
  • Other Insurance Expenses: 753
  • Annual Electric: 1725

Building Info

  • Year Built: 1988

Tax Info

  • Year: 2022
  • Taxes: 5688.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2017
Closed on
Jan 28, 2019
Sold by
Warner Ralph E and Warner Nancy L
Bought by
Milbrand Phillip L and Milbrand Julie A
Seller's Agent
Ozzie Gray
Atlantic Sunrise Real Estate
Buyer's Agent
Mark Massey
Outer Banks Realty Group
List Price
$699,900
Sold Price
$580,000
Premium/Discount to List
-$119,900
-17.13%
Current Estimated Value
$897,562

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,562
Avg. Annual Appreciation
6.73%
Original Mortgage
$464,000
Outstanding Balance
$407,118
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$490,444
Source: Public Records

Range of Values:

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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
Milbrand Phillip L $580,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Milbrand Phillip L $464,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/17/2023 08/17/23 Sold $1,120,000 +1.9% $568 / Sq Ft
07/03/2023 07/03/23 Pending -- -- --
06/29/2023 06/29/23 For Sale $1,099,000 +89.5% $557 / Sq Ft
01/27/2019 01/27/19 Sold $580,000 -7.2% $300 / Sq Ft View Prior Sale
12/14/2018 12/14/18 Pending -- -- --
08/20/2018 08/20/18 Price Changed $625,000 -3.4% $323 / Sq Ft
07/30/2018 07/30/18 Price Changed $646,900 -0.5% $335 / Sq Ft
05/04/2018 05/04/18 Price Changed $649,900 -1.5% $336 / Sq Ft
03/16/2018 03/16/18 Price Changed $660,000 -2.2% $342 / Sq Ft
02/09/2018 02/09/18 Price Changed $675,000 -0.7% $349 / Sq Ft
10/17/2017 10/17/17 Price Changed $680,000 -1.4% $352 / Sq Ft
09/21/2017 09/21/17 Price Changed $690,000 -0.7% $357 / Sq Ft
08/25/2017 08/25/17 Price Changed $694,900 -0.7% $360 / Sq Ft
06/17/2017 06/17/17 For Sale $699,900 -- $362 / 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 $5,895 $592,200 $295,000 $297,200
2023 $2,372 $592,200 $295,000 $297,200
2022 $5,688 $592,200 $295,000 $297,200
2021 $5,688 $592,200 $295,000 $297,200
2020 $5,688 $592,200 $295,000 $297,200
2019 $6,598 $540,800 $360,000 $180,800
2018 $6,493 $540,800 $360,000 $180,800
2017 $6,493 $540,800 $360,000 $180,800
2016 $6,273 $540,800 $360,000 $180,800
2014 $4,294 $540,800 $360,000 $180,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 122646

Outer Banks Association of REALTORS®

APN: 002781015