NOT LISTED FOR SALE

2025 S Virginia Dare Trail Kill Devil Hills, NC 27948

Estimated Value: $3,302,000 - $7,969,000

5 Beds
3.5 Baths
2,700 Sq Ft
$1,953/Sq Ft Est. Value

Last Sold March 29, 2022

Last sale price $2,850,000 $1,056 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $31,667/month

22 Days on Market

Highlights

  • Beach Front
  • 1.17 Acre Lot
  • Screened Porch
  • Ocean View
  • Traditional Architecture
  • Covered Deck

About This Home

As of March 2022

This vintage oceanfront cottage tucked into the dunes provides a rare opportunity to own nearly an acre of oceanfront land on a 100-foot wide lot. The value of this property is in the land and the development potential. Subdivide into two oceanfront parcels, tap into the sewer system (KDHWWTP) to develop a cottage court or larger home, or restore the classic OBX cottage for the enjoyment of generations to come. This property is conveniently located near the Nags Head & Kill Devil Hills town line and is within walking distance of local restaurants, breweries, and groceries. Built-in 1970, the cottage has 4 spacious bedrooms - 2 bedrooms with ocean views, and 2.5 bathrooms. Tall cathedral ceilings and an approximately 500 square feet screened-in porch with ocean views add to the charm and character of this classic beach cottage. The healthy dune system adds privacy and ambiance to the oceanfront decks and beach access. The property has an X flood zone west of the dune and a VE flood zone on the oceanside of the property. This home was used as a second family home for decades and has recently been on the vacation rental market with a conservative rental history of $50k.

Last Agent to Sell the Property

Emily Quinn Bray

Coldwell Banker Seaside Realty KH License #262971 Listed on: 10/24/2021

Coldwell Banker Seaside Realty KH

Co-Listed By

Sara Small

Coldwell Banker Seaside Realty KH License #284282

Last Buyer's Agent

Sumit Gupta

VR Real Estate Advisors, LLC License #212627

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,068

Year Built

  • Built in 1970

Lot Details

  • 1.17 Acre Lot
  • Beach Front
  • Level Lot

Home Design

  • Traditional Architecture
  • Frame Construction
  • Asphalt Shingled Roof
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 2,700 Sq Ft Home
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Screened Porch
  • Utility Room
  • Ocean Views
  • Storm Doors

Kitchen

  • Oven or Range
  • Ice Maker
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Sun Deck
  • Covered Deck

Utilities

  • Mini Split Air Conditioners
  • Mini Split Heat Pump
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Community Details

  • Nags Head Shores Subdivision

Listing and Financial Details

  • Legal Lot and Block s 3-4 / 3

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,068

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Traditional
  • Extras: Ceiling Fan(s), Covered Decks, Outside Shower, Screened Porch, Storm Doors, Sun Deck, Inside Laundry Room
  • Flood Zone: VE, X
  • Headline: Rare Oceanfront Find
  • Heated Sq Ft: 2700
  • L V T Date: 10/24/2021
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 4
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 96
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C7166
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range/Oven, Refrigerator w/Ice Maker, Stackable Washer/Dryer
  • Bedrooms: 5
  • Countertops: Laminate
  • Floor Coverings: Carpet, Vinyl
  • Foundation: Piling
  • Full Bathrooms: 3
  • Interior Amenities: All Window Treatments, Dryer Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Washer Connection, 1st Flr Ensuite
  • Optional Rooms: Pantry, Utility Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Exterior: Shakes
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: Attached
  • Parking: Paved, Off Street

Utilities

  • Cooling: Mini-Split
  • Heating: Mini-Split
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Lot Info

  • Estimated Lot Sq Ft: 51150
  • Lot Description: Beach Frontage, Level, Water Frontage
  • Lot Number: Lots 3-4
  • Estimated Lot Size: 1.17
  • Deed Book: 2058

Building Info

  • Year Built: 1970

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2021
  • Taxes: 12068

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2021
Closed on
Mar 7, 2022
Sold by
Elvin Small Iii Gaston and Elvin Wendy W
Bought by
2023 Svdt Llc
Seller's Agent
Emily Quinn Bray
Coldwell Banker Seaside Realty KH
Buyer's Agent
Sumit Gupta
VR Real Estate Advisors, LLC
List Price
$3,000,000
Sold Price
$2,850,000
Premium/Discount to List
-$150,000
-5%
Current Estimated Value
$5,272,978

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,422,978
Avg. Annual Appreciation
19.77%

Purchase Details

Closed on
Dec 30, 2005
Sold by
The Small Family Limited Partnership
Bought by
Small Gaston E and Small Beverly M
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
2023 Svdt Llc $8,550,000 Gray & Lloyd Llp
Small Gaston E -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2022 03/29/22 Sold $2,850,000 -5.0% $1,056 / Sq Ft
11/15/2021 11/15/21 Pending -- -- --
10/24/2021 10/24/21 For Sale $3,000,000 -- $1,111 / 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 $35,892 $4,606,000 $986,000 $3,620,000
2023 $9,756 $1,291,344 $986,000 $305,344
2022 $12,068 $1,674,936 $1,317,800 $357,136
2021 $12,068 $1,674,936 $1,317,800 $357,136
2020 $12,068 $1,674,936 $1,317,800 $357,136
2019 $9,290 $1,057,100 $842,800 $214,300
2018 $8,873 $1,042,800 $842,800 $200,000
2017 $8,473 $995,800 $842,800 $153,000
2016 $8,075 $995,800 $842,800 $153,000
Source: Public Records

Agents Affiliated with this Home

  • Emily Quinn Bray

    Seller's Agent in 2022

    Emily Quinn Bray

    Coldwell Banker Seaside Realty KH

    (252) 412-5991

    38 in this area

    172 Total Sales

    Emily Quinn Bray
    Section Image

  • S

    Seller Co-Listing Agent in 2022

    Sara Small

    Coldwell Banker Seaside Realty KH

    (252) 384-0566

    12 in this area

    46 Total Sales

    Sara Small
    Section Image
  • Sumit Gupta

    Buyer's Agent in 2022

    Sumit Gupta

    VR Real Estate Advisors, LLC

    (252) 207-8997

    4 in this area

    16 Total Sales

    Sumit Gupta
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 116580

Outer Banks Association of REALTORS®

APN: 008502000 01

North Carolina Dare County Kill Devil Hills 27948

2025 S Virginia Dare Trail, Kill Devil Hills, NC

This home is located at 2025 S Virginia Dare Trail, Kill Devil Hills, NC 27948 since 24 October 2021 and is currently estimated at $5,272,978, approximately $1,952 per square foot. This property was built in 1970. 2025 S Virginia Dare Trail is a home located in Dare County with nearby schools including Nags Head Elementary School, Manteo Middle School, and Manteo High School.

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