$256,000
SOLD OCT 8, 2015

2034 S Virginia Dare Trail Kill Devil Hills, NC 27948

2 Beds
1 Bath
1,470 Sq Ft
0.31 Acres

Recently Sold

$174 Per Sq Ft

11% Below List Price

112 Days on Market

Highlights

  • Ocean Front
  • Central Heating
  • Carpet

About This Home

As of December 2021

Rare Opportunity to own a Classic Beach Road property * This may be one of the last chances to own property on the beach road that provides upstairs living quarters and downstairs commercial space * Full size business sign from prior business still in place * Ample parking and storage * 90 x 150 lot!! * Who knows what the lot alone will be worth in 5 or 10 years * In the mean time, what an awesome setting for a service business or retail downstairs with living quarters up!!! * Yes the building is old...built in 1950...but that is part of what makes it a classic opportunity * Perfect location just north of the Nags Head KDH line * Quick, easy walk to beach access at 8th St approximately 200' to the south * Exterior siding is Hardi-Plank * Heating and air conditioning is central HVAC *

Last Agent to Sell the Property

David Weybright

Coastal Outer Banks Realty License #185816 Listed on: 02/12/2015

Last Buyer's Agent

Sumit Gupta

VR Real Estate Advisors, LLC License #212627

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,286

Year Built

  • Built in 1950

Lot Details

  • Lot Dimensions are 90 x 150
  • Ocean Front
  • Property is zoned comm

Home Design

  • 1,470 Sq Ft Home
  • Frame Construction
  • Piling Construction
  • Cement Board or Planked

Kitchen

  • Oven or Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Heating
  • Heat Pump System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Community Details

  • Nags Head Shores Subdivision

Listing and Financial Details

  • Legal Lot and Block 7, prt 8 / 4

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,286

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Directions: On the Beach Road just north of the KDH/Nags Head line * Blue building 2 houses south of the Ebb Tide Motel
  • Flood Zone: AE
  • Subdivision Name: Nags Head Shores
  • Headline: Residential/Commercial
  • Heated Sq Ft: 1470
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 4
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: comm
  • Deed Book Pg Number: 470
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Bedrooms: 2
  • Floor Coverings: Carpet, Vinyl
  • Foundation: Piling
  • Full Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board

Utilities

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

Lot Info

  • Lot Size: 90 x 150
  • Lot Number: Lot 7, prt 8
  • Deed Book: 1884

Rental Info

  • Est Annual Rental Income: 12000
  • Estimated Rental Performance: 0.0469

Building Info

  • Year Built: 1950

Tax Info

  • Year: 2014
  • Taxes: 2286

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2021
Closed on
Dec 7, 2021
Sold by
Svdt 2034 Llc
Bought by
Thyme Capital Group Fund 1 Llc
Seller's Agent
Tammy Aycock
SAGA Realty and Construction
Buyer's Agent
* **Not a Member
**Not a Member
List Price
$2,995,000
Sold Price
$2,995,000
Total Days on Market
112
Current Estimated Value
$3,060,854

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,854
Avg. Annual Appreciation
0.63%
Original Mortgage
$1,785,500
Outstanding Balance
$1,659,541
Interest Rate
3.14%
Mortgage Type
Commercial
Estimated Equity
$1,401,313

Purchase Details

Closed on
Jan 21, 2011
Sold by
Honeycutt Gregory A and Honeycutt Eden E
Bought by
E & G 1 Llc
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 Type Sale Price Title Company
Deed $2,995,000 None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,785,500 Commercial
Previous Owner $988,900 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2021 12/09/21 Sold $2,995,000 0.0% $498 / Sq Ft
08/27/2021 08/27/21 Pending -- -- --
08/27/2021 08/27/21 For Sale $2,995,000 +1069.9% $498 / Sq Ft
10/08/2015 10/08/15 Sold $256,000 -11.4% $174 / Sq Ft
06/04/2015 06/04/15 Pending -- -- --
02/12/2015 02/12/15 For Sale $289,000 -- $197 / 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 $13,621 $1,741,800 $214,500 $1,527,300
2023 $13,621 $1,802,892 $214,500 $1,588,392
2022 $12,990 $1,802,892 $214,500 $1,588,392
2021 $6,258 $868,600 $214,500 $654,100
2020 $1,545 $214,500 $214,500 $0
2019 $1,881 $216,200 $216,200 $0
2018 $1,840 $216,200 $216,200 $0
2017 $1,840 $216,200 $216,200 $0
2016 $2,374 $292,700 $216,200 $76,500
2014 $2,286 $292,700 $216,200 $76,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 86776

Outer Banks Association of REALTORS®

APN: 008515000