NOT LISTED FOR SALE

1615 S Memorial Blvd Kill Devil Hills, NC 27948

Estimated Value: $1,002,000 - $1,177,000

6 Beds
6 Baths
3,130 Sq Ft
$345/Sq Ft Est. Value

Last Sold December 20, 2021

Last sale price $915,000 $292 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $6,086/month

77 Days on Market

Highlights

  • Ocean View
  • Coastal Architecture
  • Furnished
  • In Ground Pool
  • Cathedral Ceiling
  • Game Room

About This Home

As of December 2021

OCEAN VIEWS? Check! SHORT WALK TO THE BEACH? Check! CONVENIENTLY LOCATED TO SHOPS AND DINING? Check! PRIVATE POOL? Check! **ELEVATOR**? Check! RENTAL MACHINE? Check, check and check! 4EVER DREAMIN checks ALL the boxes!! Recently extensively renovated to include all new kitchen, with custom cabinets, quartz counters, backsplash, farmhouse style sink and stainless steel appliances; renovated baths with new vanities and marble/tile in showers; and luxury vinyl tile throughout; all new bedspreads, mattresses, 2 new bedroom suites, 5 new TVs, all new (but one) exterior doors 2021; new hvac 2021 and pool refinished 2021...HUGE rental income for first year in KEES program and calendar did not open until May! $79000 Gross owner income despite owners reserving SEVEN WEEKS for personal and family use and several fall weeks still available. Imagine what a full year's income would be! HURRY to see this beautifully appointed cottage - 4EVER DREAMIN is your dream come true!

Last Agent to Sell the Property

Holleay Parcker

Spinnaker Realty, LLC License #193280 Listed on: 08/11/2021

Last Buyer's Agent

Heather VanderMyde

Coldwell Banker Seaside Realty - KDH License #207518

Coldwell Banker Seaside Realty - KDH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,711

Year Built

  • Built in 2003

Lot Details

  • 7,500 Sq Ft Lot
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Coastal Architecture
  • Cottage
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 3,130 Sq Ft Home
  • Elevator
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

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

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Outdoor Pool
  • Spa

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

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

Community Details

  • Ocean Acres Inc Subdivision

Listing and Financial Details

  • Tax Lot 144-145

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,711

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal, Cottage
  • Extras: Ceiling Fan(s), Covered Decks, Elevator, Hot Tub, Outside Lighting, Smoke Detector(s), Sun Deck
  • Flood Zone: X
  • Headline: ELEVATOR! VIEWS! GREAT RENTS!
  • Heated Sq Ft: 3130
  • L V T Date: 08/12/2021
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: 2 - lots from oceanfront (3rd row
  • Zoning: res
  • Advertised Income 2021: 85640
  • Deed Book Pg Number: 0041
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C14613
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, Wine Cooler
  • Bedrooms: 6
  • Floor Coverings: Vinyl Tile
  • Foundation: Piling
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Washer Connection
  • Optional Rooms: Game Room, Shipswatch
  • Partial Bathrooms: 2

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Vinyl
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Off Street

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Heat Pump, Zoned
  • Sewer/Septic System: Non Conventional Septic
  • Water: Municipal

Lot Info

  • Estimated Lot Sq Ft: 7500
  • Lot Description: Level
  • Lot Number: Lot 144-145
  • Estimated Lot Size: 0.17
  • Deed Book: 2450

Rental Info

  • Lease Terms: Variable
  • Rental Co: KEES Vacation Rentals
  • Rental Cottage Name: 4EVER DREAMIN
  • Rental Cottage Number: K7505
  • Rental Turnover Day: varies

Building Info

  • Year Built: 2003

Tax Info

  • Year: 2021
  • Taxes: 3711.32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2021
Closed on
Dec 20, 2021
Sold by
Bingman Kenneth R and Bingman Teresa A
Bought by
Rinaldi Vincent J and Rinaldi Lori Ann
Seller's Agent
Holleay Parcker
Spinnaker Realty, LLC
Buyer's Agent
Heather VanderMyde
Coldwell Banker Seaside Realty - KDH
List Price
$989,000
Sold Price
$915,000
Premium/Discount to List
-$74,000
-7.48%
Current Estimated Value
$1,079,377

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,377
Avg. Annual Appreciation
4.59%
Original Mortgage
$425,000
Outstanding Balance
$392,390
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$686,987

Purchase Details

Listed on
Jul 5, 2020
Closed on
Dec 16, 2020
Sold by
Housekick Inc
Bought by
Bingman Teresa A and Bingman Kenneth R
Seller's Agent
Tara Thomas
Village Realty
Buyer's Agent
Selling Agent
Non Mls Member
Sold Price
$639,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.68%
Original Mortgage
$505,600
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2010
Sold by
Merrell Dan L and Tadlock Milton
Bought by
Divirgilio Gregory and Di Virgilio Kim S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
4.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2006
Sold by
Key Realty Construction & Development In
Bought by
Merrell Dan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$652,500
Interest Rate
7.15%
Mortgage Type
Assumption
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 Buyer Sale Price Title Company
Rinaldi Vincent J $915,000 None Available
Bingman Teresa A $632,000 None Available
Divirgilio Gregory $440,000 None Available
Merrell Dan L $519,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rinaldi Vincent J $425,000
Previous Owner Bingman Teresa A $505,600
Previous Owner Housekick Llc $90,000
Previous Owner Divirgilio Gregory $330,000
Previous Owner Merrell Dan L $652,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2021 12/20/21 Sold $915,000 -2.1% $292 / Sq Ft
10/27/2021 10/27/21 Pending -- -- --
10/21/2021 10/21/21 Price Changed $935,000 -3.5% $299 / Sq Ft
09/30/2021 09/30/21 Price Changed $969,000 -2.0% $310 / Sq Ft
08/11/2021 08/11/21 For Sale $989,000 +54.8% $316 / Sq Ft
12/18/2020 12/18/20 Sold $639,000 0.0% $209 / Sq Ft
11/11/2020 11/11/20 Off Market $639,000 -- --
02/26/2020 02/26/20 Sold $462,000 -4.9% $149 / Sq Ft
08/14/2019 08/14/19 Pending -- -- --
07/26/2019 07/26/19 Price Changed $486,000 -0.6% $157 / Sq Ft
03/03/2019 03/03/19 For Sale $489,000 -- $157 / 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 $2,459 $632,800 $178,100 $454,700
2023 $4,918 $650,988 $178,100 $472,888
2022 $4,690 $650,988 $178,100 $472,888
2021 $3,711 $513,812 $178,100 $335,712
2020 $3,702 $513,812 $178,100 $335,712
2019 $4,585 $509,200 $152,100 $357,100
2018 $4,485 $509,200 $152,100 $357,100
2017 $4,485 $509,200 $152,100 $357,100
2016 $4,274 $509,200 $152,100 $357,100
2014 $4,116 $509,200 $152,100 $357,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 115669

Outer Banks Association of REALTORS®

APN: 008286002