NOT LISTED FOR SALE

1614 S Virginia Dare Trail Kill Devil Hills, NC 27948

Estimated Value: $1,133,000 - $1,349,000

6 Beds
5.5 Baths
3,300 Sq Ft
$367/Sq Ft Est. Value

Last Sold June 10, 2016

Last sale price $585,000 $177 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $6,873/month

147 Days on Market

Highlights

  • Community Beach Access
  • In Ground Pool
  • Cathedral Ceiling
  • Ocean Front
  • Contemporary Architecture
  • Whirlpool Bathtub

About This Home

As of June 2016

ELEVATOR TO ALL 3 LEVELS ... POOL, TIKI BAR, HOT TUB (NEW MAY 2015!), SPACIOUS GAME ROOM, HUGE FAMILY ROOM - LOTS OF SPACE TO ENTERTAIN *** REALLY NICE SEMI-OCEANFRONT HOME - HAS IT ALL! 6 BEDROOMS, 5.5 BATHS, EAT-IN KITCHEN, BREAKFAST BAR, SPACIOUS DINING AREA & SCREENED PORCH FOR SEATING *** SPACIOUS HALLWAYS *** NICE ENTRY FOYER, MULTIPLE MASTER BEDROOMS, PRIVATE BALCONIES *** BEAUTIFUL TILE FLOORS IN BATHS, KITCHEN, GAME ROOM & LARGE LAUNDRY ROOM ** HUGE GAME ROOM WITH MINI KITCHEN, 2 TV'S & MASSIVE (REALLY LARGE!) BATHROOM - ALL TILE FLOORS IN THIS AREA FOR PEOPLE COMING & GOING TO THE FABULOUS POOL IN THE BACK YARD! POOL FEATURES TIKI-BAR W/ BAR STOOLS - JUST ADD A CEILING FAN, ELEVATED TV & MINI-FRIDGE TO MAKE IT COMPLETE ... AND MAYBE A LITTLE THATCH GRASS OVERHANG! HOME FEATURES BUILT-IN ENTERTAINMENT CENTER, GAS FIREPLACE, HIGH CEILINGS, RECESSED ACCENT LIGHTING & UPGRADED FURNISHINGS *** HOME IS LOCATED IN CENTRAL PART OF KILL DEVIL HILLS CLOSE TO EVERYTHING IN THE HEART OF THE BEACH! GREAT BEACH ACCESS AT SOUTH END OF RAMADA *** EXCELLENT RENTALS - HAS CONSISTENTLY PRODUCED IN THE MID-HIGH $50'S *** SATURDAY TURNOVER *** CALL FOR CURRENT YEAR RENT SCHEDULE & RENT HISTORY REPORTS. *** NEW CARPET & SOME NEW FURNISHINGS 2012, NEW KING MATTRESSES 2015! *** HOME FEATURES EVERYTHING YOU NEED ... ELEVATOR, SCREEN PORCH, GAME ROOM, 6 BEDROOMS (MULTIPLE MASTERS), POOL, HOT TUB (NEW MAY 2015), TIKI BAR, BEACH ACCESS & VIEWS! FABULOUS WEEKLY VACATION RENTAL HOME *** HOME IS CENTRALLY LOCATED TO FABULOUS NEARBY RESTAURANTS & SHOPPING AND PLACES TO ENJOY SUMMER FUN! WRIGHT BROTHERS MONUMENT AND PARK JUST A FEW MINUTES TO THE NORTH * OREGON INLET AND BOAT RAMPS TO ACCESS TO THE SOUND JUST MINUTES TO THE SOUTH ... AND VERY CLOSE BY YOU WILL FIND MULTIPLE FISHING PIERS *** THERE IS A SIDEWALK WHICH RUNS ALONG THE BEACH ROAD FOR MILES - GREAT FOR WALKING, RUNNING OR BIKING! *** 2014 GROSS RENTS $55,120! ... (NOTE: NEW OWNER MAY WANT TO CONSIDER RENTING "WITH" PETS ... THIS WOULD BRING THE GROSS RENTS INTO THE NEIGHBORHOOD OF $65K TO $70K ... FOR A 10%-11% RETURN BASED ON OTHER NEARBY SIMILAR HOMES!) *** 2015 RENTS YTD AT $50,000 (IF YOU ADD BACK IN RENTABLE SUMMER WEEKS SELLERS USED THE GROSS RENTS 2015 WOULD BE IN THE $55,000 RANGE!) *** SOLID 9% RETURN *** FABULOUS HOME, FULLY FURNISHED & IN GREAT CONDITION/LOCATION *** THIS HOME HAS IT ALL & IS AN EXCELLENT VALUE - DO NOT OVERLOOK THIS HOME! COME SEE!

Last Agent to Sell the Property

John Leatherwood

Coldwell Banker Seaside Realty KH License #86507 Listed on: 12/23/2015

Coldwell Banker Seaside Realty KH

Co-Listed By

Lisa Strydom

Coldwell Banker Seaside Realty KH License #249050

Last Buyer's Agent

Hugh Willey

Sun Realty - KDH License #238260

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,538

Year Built

  • Built in 2003

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 50 x 150
  • Ocean Front
  • Level Lot

Home Design

  • Contemporary Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 3,300 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Game Room
  • Screened Porch
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom
  • Whirlpool Bathtub

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • Garage
  • Carport
  • Off-Street Parking

Pool

  • In Ground Pool
  • Fiberglass Pool
  • Outdoor Pool
  • Outdoor Shower
  • Spa

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting
  • Tiki or Chickee Hut

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Private Sewer

Listing and Financial Details

  • Tax Lot 172-173

Community Details

Overview

  • Ocean Acres Inc Subdivision

Recreation

  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,538

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan
  • Directions: On Beach Road across from the Ramada Inn.
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Elevator, Hot Tub, Outside Lighting, Outside Shower, Screened Porch, Security System, Smoke Detector(s), Sun Deck, Whirlpool/Spa, Tiki Bar, Dry Entry
  • Flood Zone: AE
  • Subdivision Name: Ocean Acres
  • Headline: POOL/TIKI *SEMI-OF * ELEVATOR!
  • Heated Sq Ft: 3300
  • L V T Date: 12/23/2015
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: R
  • Deed Book Pg Number: 453
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 6
  • Bedroom 1: MASTER, On Level: 3
  • Bedroom 2: MASTER, On Level: 2
  • Bedroom 3: TWINS, On Level: 2
  • Bedroom 4: DOUBLE, On Level: 2
  • Bedroom 5: NICE!, On Level: 2
  • Bedroom 6: NICE!, On Level: 2
  • Kitchen: EAT-IN, On Level: 3
  • Countertops: Laminate
  • Floor Coverings: Carpet, Ceramic Tile
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Washer Connection, Wet Bar
  • Dining Room: LARGE-OPEN, On Level: 3
  • Family Room: GAME ROOM!, On Level: 1
  • Game Room: SPACIOUS!, On Level: 1
  • Living Room: SPACIOUS!, On Level: 3
  • Optional Rooms: Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Covered Deck Size: FRONT!
  • Exterior: Lap Siding, Vinyl
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Fiberglass, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Screen Porch Size: OFF KITCHE
  • Street Frontage: 50
  • Sun Deck Size: 4 DECKS
  • View: Ocean

Garage/Parking

  • Garage: 3 + Car, Attached
  • Parking: Paved, Off Street

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Electric, Heat Pump, Zoned
  • Sewer/Septic System: Private Sewer
  • Water: Municipal

Condo/Co-op/Association

  • Association Amenities: Ocean Access
  • Home Owner Dwelling Insurance: 4072

Lot Info

  • Estimated Lot Sq Ft: 7500
  • Lot Description: Level
  • Lot Faces: E
  • Lot Size: 50 X 150
  • Lot Number: Lot 172-173
  • Deed Book: 1680

Rental Info

  • Est Annual Rental Income: 54815
  • Estimated Rental Performance: 0.0937
  • Lease Terms: Weekly
  • Other Expenses: 251600
  • Poolspa Expense: 2000
  • Rental Co: Sun Realty
  • Rental Cottage Name: The Getaway
  • Rental Cottage Number: SHS-7
  • Rental Phone Number: 252-441-7033
  • Rental Turnover Day: Sat
  • Annual Cable TV Expense: 2340
  • Annual Electric: 3240
  • Annual Telephone Expense: 372
  • Annual Water Expense: 1800

Building Info

  • Year Built: 2003

Tax Info

  • Year: 2015
  • Taxes: 5537.96

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 23, 2015
Closed on
Jun 10, 2016
Sold by
Capasso John J and Capasso Katia C
Bought by
Edwards Jonathan S and Edwards Teresa L
Seller's Agent
John Leatherwood
Coldwell Banker Seaside Realty KH
Buyer's Agent
Hugh Willey
Sun Realty - KDH
List Price
$624,500
Sold Price
$585,000
Premium/Discount to List
-$39,500
-6.33%
Current Estimated Value
$1,212,710

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$627,710
Avg. Annual Appreciation
8.14%

Purchase Details

Closed on
Apr 7, 2006
Sold by
Hunter Walter R and Hunter Karin M
Bought by
Capasso John J and Poon Derek K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$679,920
Interest Rate
6.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 17, 2005
Sold by
Key Realty Construction And Development
Bought by
Hunter Walter R and Hunter Karin M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

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
Edwards Jonathan S $585,000 None Available
Capasso John J $850,000 None Available
Hunter Walter R $900,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Capasso John J $679,920
Previous Owner Capasso John J $127,485
Previous Owner Hunter Walter R $640,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2016 06/10/16 Sold $585,000 -6.3% $177 / Sq Ft
05/18/2016 05/18/16 Pending -- -- --
12/23/2015 12/23/15 For Sale $624,500 -- $189 / 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 $5,333 $686,200 $240,000 $446,200
2023 $2,748 $704,048 $240,000 $464,048
2022 $5,073 $704,048 $240,000 $464,048
2021 $5,073 $704,048 $240,000 $464,048
2020 $5,073 $704,048 $240,000 $464,048
2019 $5,942 $662,400 $251,600 $410,800
2018 $5,811 $662,400 $251,600 $410,800
2017 $5,829 $662,400 $251,600 $410,800
2016 $5,538 $662,400 $251,600 $410,800
2014 $5,333 $662,400 $251,600 $410,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 90591

Outer Banks Association of REALTORS®

APN: 008286012