NOT LISTED FOR SALE

1901 S Virginia Dare Trail Kill Devil Hills, NC 27948

Estimated Value: $3,293,000 - $4,946,000

0.65 Acre
$6,289,810 Price per Acre
28,299 Sq Ft Lot

Last Sold February 15, 2013

Last sale price $695,000

Est. 488% increase in value since last sale

Current estimated payment $23,484/month

160 Days on Market

About This Lot

As of February 2013

Rare opportunity to own a large oceanfront lot that has access to community sewer. Should allow for up to a 14 bedroom home. This is a stable wide beach with a large sea oat covered stable dune. Buyer to pay additional $38,000 at closing as this lot's share of cost of lift station construction for sewer for 4 lots. To hook up to sewer, there is an additional "impact fee" of $1557.60 per room (not bedroom) paid to the owner of the sewer. Existing structure to be demolished and removed by the seller at the seller's expense in September. Closing will not occur before the end of September. LOMA completed, so this is one of a very few oceanfront properties in the AE zone with much lower flood insurance premiums than VE if buyer chooses to build home behind AE line. This is not a short sale, but the sale is contingent upon approval of the seller's lender. Pin number and taxes for all 4 parcels and hotel

Last Agent to Sell the Property

John Register

Village Realty Holdings, LLC - NH License #205384 Listed on: 07/17/2012

Last Buyer's Agent

Gray Berryman

Carolina Designs Realty License #214315

Property Details

Property Type

  • Land

Year Built

  • 2013

Lot Details

  • 0.65 Acre Lot
  • Lot Dimensions are 560x50
  • 50 Feet of Waterfront
  • Ocean Front

Property Views

  • Ocean Views

Utilities

  • Municipal Utilities District Water
  • Private Sewer

Community Details

  • Over Run Beach Subdivision

Property Details

Property Type

Land

Year Built

2013

Lot Details

0

Listing Details

  • Class: LOTS/LAND
  • Directions: Bypass turn on East Lake Lot is under south end of what's now the Ocean House Hotel. 1901 S. Va trl
  • Subdivision Name: Over Run Beach
  • Headline: Rare Large Oceanfront Lot
  • Roads: Public, Paved
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 0289
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 2013

Exterior Features

  • Street Frontage: 50
  • View: Ocean
  • Water Frontage: 50

Utilities

  • Sewer/Septic System: Private Sewer
  • Water: Municipal
  • Electric: Available

Lot Info

  • Estimated Lot Sq Ft: 28299
  • Lot Size: 560x50
  • Deed Book: 1470
  • Unit/Lot Number: Lot E3

Tax Info

  • Year: 2012
  • Taxes: 25082.58

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

Mortgage History

Date Status Borrower Loan Amount
Closed Mpf Investment Company Lp $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2013 02/15/13 Sold $695,000 0.0% --
12/24/2012 12/24/12 Pending -- -- --
10/24/2012 10/24/12 Sold $695,000 0.0% --
10/16/2012 10/16/12 Sold $695,000 0.0% --
09/14/2012 09/14/12 Pending -- -- --
09/14/2012 09/14/12 For Sale $695,000 0.0% --
07/17/2012 07/17/12 For Sale $695,000 0.0% --
05/14/2012 05/14/12 Pending -- -- --
04/25/2012 04/25/12 For Sale $695,000 -- --
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 $21,592 $2,787,100 $1,015,000 $1,772,100
2023 $11,162 $2,857,984 $1,015,000 $1,842,984
2022 $20,592 $2,857,984 $1,015,000 $1,842,984
2021 $20,592 $2,857,984 $1,015,000 $1,842,984
2020 $20,592 $2,857,984 $1,015,000 $1,842,984
2019 $21,150 $2,345,100 $627,000 $1,718,100
2018 $0 $2,345,100 $627,000 $1,718,100
2017 $20,685 $2,345,100 $627,000 $1,718,100
2016 $19,713 $2,345,100 $627,000 $1,718,100
2014 $18,984 $2,345,100 $627,000 $1,718,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 75627

Outer Banks Association of REALTORS®

APN: 005174004