NOT LISTED FOR SALE

1617 N Virginia Dare Trail Kill Devil Hills, NC 27948

Estimated Value: $3,030,000 - $3,599,596

10 Beds
10.5 Baths
5,887 Sq Ft
$578/Sq Ft Est. Value

Last Sold September 01, 2021

Last sale price $2,850,000 $484 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $19,634/month

84 Days on Market

Highlights

  • Ocean Front
  • Beach Access
  • 0.37 Acre Lot
  • First Flight Middle School Rated A-
  • Cabana
  • Second Refrigerator

About This Home

As of September 2021

10 BR 10.5 baths OCEANFRONT Luxury Property on "Millionaire's Row" in heart of Kill Devil Hills! Over $308,0000 in rent for 2021! Projections for 2022 Over $315,000. Recently updated kitchen with quartz and ss appliances. This fabulous 10 bedroom 10.5 bath Custom Oceanfront Estate features superb craftsmanship from one of Outer Banks most prestigious well known builders East Coast Construction. This home has beautiful designer furnishings throughout and has elevator and separate theater room. Dining room to seat 20, and Large Open Dining and Living Room overlooking Atlantic Ocean, Extra Large Master with Sitting and Huge Smart Tv, The Ground level features a Theater Room with extra large screen. Sports Bar/Rec Room includes kitchenette, billiard Table, game table, foosball, arcade , ping pong and multiple TV’s. The grand outside living area features a pool House/cabana equipped with a wet bar, refrigerator, full bath, rooftop sundeck, heated pool and hot tub. Solid rental history and top rated by guests!

Last Agent to Sell the Property

Michelle Chapman

Michelle Chapman Real Estate License #201129 Listed on: 04/17/2021

Last Buyer's Agent

Trisha Midgett

Midgett Realty - Rodanthe License #162204

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,452

Year Built

  • Built in 2003

Lot Details

  • 0.37 Acre Lot
  • Ocean Front
  • Fenced Yard
  • Landscaped

Home Design

  • Coastal Architecture

Interior Spaces

  • 5,887 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • Home Security System
  • Stacked Washer and Dryer

Kitchen

  • Built-In Oven
  • Built-In Range
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Pool

  • Cabana
  • Heated In Ground Pool
  • Outdoor Pool
  • Spa

Outdoor Features

  • Beach Access

Utilities

  • Central Heating and Cooling System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Community Details

  • Built by East Coast Construction
  • Croatan Shores Subdivision

Listing and Financial Details

  • Legal Lot and Block 11 / B

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,452

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Directions: Across from Goombay's
  • Extras: Beach Access, Cabana, Ceiling Fan(s), Elevator, Fenced Yard, Hot Tub, Landscaped, Security System, Whirlpool/Spa
  • Headline: Oceanfront Luxury Estate KDH
  • Heated Sq Ft: 5887
  • L V T Date: 04/17/2021
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 619
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Countertop Range, Dishwasher, Dryer, Ice Machine, Range/Oven, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator, Stackable Washer/Dryer
  • Bedrooms: 10
  • Floor Coverings: Carpet, Ceramic Tile, Wood, Vinyl Tile
  • Full Bathrooms: 10
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Ensuite, Pantry, Washer Connection, Wet Bar
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: East Coast Construction
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Heated, Private Pool

Utilities

  • Cooling: Central
  • Heating: Central
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Lot Info

  • Estimated Lot Sq Ft: 16000
  • Lot Number: Lot 11
  • Estimated Lot Size: 0.37
  • Deed Book: 2343

Rental Info

  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Paradise IV
  • Rental Cottage Number: KD1617
  • Rental Turnover Day: Saturday
  • Rental Contact Name: Twiddy
  • Rental Contact Phone: 866-457-1190

Building Info

  • Year Built: 2003

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2020
  • Taxes: 13451.74

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2021
Closed on
Sep 28, 2021
Sold by
Wassmann Andrew Robert and Wassmann Anne Costigan
Bought by
The Silver Queen Llc
Seller's Agent
Michelle Chapman
Michelle Chapman Real Estate
Buyer's Agent
Trisha Midgett
Midgett Realty - Rodanthe
List Price
$2,995,000
Sold Price
$2,850,000
Premium/Discount to List
-$145,000
-4.84%
Current Estimated Value
$3,404,649

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$554,649
Avg. Annual Appreciation
4.65%
Original Mortgage
$1,995,000
Outstanding Balance
$1,827,574
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$1,601,783

Purchase Details

Listed on
Apr 17, 2021
Closed on
Sep 1, 2021
Sold by
1617 N Virginia Dare Trail Llc
Bought by
Wassmann Andrew Robert and Wassmann Anne Costigan
Seller's Agent
Michelle Chapman
Michelle Chapman Real Estate
Buyer's Agent
Trisha Midgett
Midgett Realty - Rodanthe
List Price
$2,995,000
Sold Price
$2,850,000
Premium/Discount to List
-$145,000
-4.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,995,000
Outstanding Balance
$1,827,574
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$1,601,783

Purchase Details

Closed on
Sep 13, 2019
Sold by
Chapman Steven F and Chapman Michelle H
Bought by
1617 N Va Dare Trl Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,870,000
Interest Rate
3.6%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 19, 2019
Sold by
Trl 1617 N Virginia Dare
Bought by
Chapman Steven F and Chapman Michelle H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,870,000
Interest Rate
3.6%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 30, 2008
Sold by
Chapman Steven F and Chapman Michelle H
Bought by
1617 N Virginia Dare Trail Llc

Purchase Details

Closed on
Apr 19, 2007
Sold by
N Virginia Dare Trail Llc
Bought by
Lane Kimberly H and Chapman Steven F

Purchase Details

Closed on
May 5, 2006
Sold by
Lane Kimberly H and Lane William J
Bought by
1617 N Virginia Dare Trail Llc
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
The Silver Queen Llc -- None Available
Wassmann Andrew Robert $2,850,000 None Available
1617 N Va Dare Trl Llc -- None Available
Chapman Steven F -- --
1617 N Virginia Dare Trail Llc -- None Available
Lane Kimberly H $2,225,000 None Available
1617 N Virginia Dare Trail Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wassmann Andrew Robert $1,995,000
Previous Owner Chapman Steven F $1,870,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2021 09/01/21 Sold $2,850,000 0.0% $484 / Sq Ft
07/10/2021 07/10/21 Pending -- -- --
06/15/2021 06/15/21 Price Changed $2,850,000 -2.6% $484 / Sq Ft
05/17/2021 05/17/21 Price Changed $2,925,000 +1.0% $497 / Sq Ft
04/26/2021 04/26/21 Price Changed $2,895,000 -3.3% $492 / Sq Ft
04/17/2021 04/17/21 For Sale $2,995,000 -- $509 / 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 $18,995 $1,865,600 $899,000 $966,600
2023 $18,957 $1,904,264 $899,000 $1,005,264
2022 $18,290 $1,904,264 $899,000 $1,005,264
2021 $18,328 $1,904,264 $899,000 $1,005,264
2020 $18,304 $1,905,720 $899,000 $1,006,720
2019 $21,624 $1,743,900 $581,500 $1,162,400
2018 $21,349 $1,743,900 $581,500 $1,162,400
2017 $21,349 $1,743,900 $581,500 $1,162,400
2016 $20,559 $1,743,900 $581,500 $1,162,400
2014 $14,072 $1,743,900 $581,500 $1,162,400
Source: Public Records

Agents Affiliated with this Home

  • Michelle Chapman

    Seller's Agent in 2021

    Michelle Chapman

    Michelle Chapman Real Estate

    (336) 259-7706

    31 in this area

    61 Total Sales

    Michelle Chapman
    Section Image
  • Trisha Midgett

    Buyer's Agent in 2021

    Trisha Midgett

    Midgett Realty - Rodanthe

    (252) 996-0124

    48 in this area

    1,246 Total Sales

    Trisha Midgett
    Section Image

  • M

    Buyer Co-Listing Agent in 2021

    Michael Milteer

    Midgett Realty - Rodanthe

    (757) 653-4878

    19 in this area

    189 Total Sales

    Michael Milteer
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 113945

Outer Banks Association of REALTORS®

APN: 002777000

North Carolina Dare County Kill Devil Hills 27948

1617 N Virginia Dare Trail, Kill Devil Hills, NC

This home is located at 1617 N Virginia Dare Trail, Kill Devil Hills, NC 27948 since 17 April 2021 and is currently estimated at $3,404,649, approximately $578 per square foot. This property was built in 2003. 1617 N Virginia Dare Trail is a home located in Dare County with nearby schools including Nags Head Elementary School, First Flight Middle School, and First Flight 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.

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