NOT LISTED FOR SALE

2221 S Virginia Dare Trail Nags Head, NC 27959

Estimated Value: $2,179,000 - $3,820,000

4 Beds
2 Baths
1,358 Sq Ft
$2,290/Sq Ft Est. Value

Last Sold April 22, 2016

Last sale price $815,000 $600 Per Sq Ft

Est. 282% increase in value since last sale

Current estimated payment $17,710/month

Highlights

  • Beach Front
  • Beach Box Architecture
  • Covered Deck
  • Ocean View
  • Furnished
  • Forced Air Heating and Cooling System

About This Home

As of April 2016

Classic beach house ready for your final touches situated on almost a 1/2 acre of prime oceanfront. Pine clad walls, soaring views of the ocean, large eastern facing deck, 4 spacious bedrooms and an open living/kitchen space provide cozy comfort to any beach lover. This vintage beach home has been lovingly maintained for decades. Own a slice of the nourished, pristine oceanfront in Nags Head for a reasonable price. Consistent rental history at approx $45K a year, a healthy dune line and incredible views provide a unique opportunity for long term investment & personal enjoyment

Last Agent to Sell the Property

Rachel Neal Neal

Southern Shores Realty License #259346 Listed on: 03/15/2016

Last Buyer's Agent

Amber Bodner Griffith

Keller Williams - Outer Banks License #222568

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,354

Year Built

  • Built in 1970

Lot Details

  • 0.42 Acre Lot
  • Beach Front

Home Design

  • Beach Box Architecture
  • Masonry Perimeter Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,358 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Wood Burning Fireplace
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Covered Deck

Utilities

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

Community Details

  • Nags Head Shores Subdivision

Listing and Financial Details

  • Tax Lot #11

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,354

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Beach Box, Nags Head
  • Directions: Head South on Beach Road between Albatross and Driftwood; just North of The Oceans Condos.
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks
  • Flood Zone: VE
  • Subdivision Name: Nags Head Shores Amended Sec 4
  • Headline: Classic Oceanfront
  • Heated Sq Ft: 1358
  • L V T Date: 03/15/2016
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 0064
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 4
  • Countertops: Laminate
  • Floor Coverings: Carpet, Vinyl
  • Foundation: Masonry
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: Wood Fireplace

Exterior Features

  • Construction: Frame
  • Exterior: Vinyl
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 50
  • View: Ocean

Garage/Parking

  • Garage: Attached

Utilities

  • Cooling: Central
  • Heating: Electric, Forced Air
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Condo/Co-op/Association

  • Home Owner Dwelling Insurance: 1945

Lot Info

  • Estimated Lot Sq Ft: 18500
  • Lot Description: Beach Frontage, Water Frontage
  • Lot Number: Lot #11
  • Deed Book: 1632

Rental Info

  • Est Annual Rental Income: 45000
  • Estimated Rental Performance: 0.0552
  • Flood Expenses: 1658
  • Lease Terms: Weekly
  • Rental Co: Joe Lamb Realty
  • Rental Cottage Name: Steuart
  • Rental Cottage Number: 164
  • Rental Turnover Day: Sunday
  • Yearly Expense Actual Estimate: Estimated
  • Annual Cable TV Expense: 1644
  • Annual Electric: 1226
  • Annual Water Expense: 300

Building Info

  • Year Built: 1970

Tax Info

  • Year: 2014
  • Taxes: 5354.15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2016
Closed on
Apr 21, 2016
Sold by
Steuart Elizabeth and Cunningham Michael
Bought by
El Khoury Semaan Y and El Khoury Hiba J
Seller's Agent
Rachel Neal Neal
Southern Shores Realty
Buyer's Agent
Amber Bodner Griffith
Keller Williams - Outer Banks
List Price
$825,000
Sold Price
$815,000
Premium/Discount to List
-$10,000
-1.21%
Current Estimated Value
$3,109,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,294,873
Avg. Annual Appreciation
13.63%

Purchase Details

Closed on
May 18, 2005
Sold by
Williams Catherine
Bought by
Steuart Elizabeth and Steuart Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.74%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
El Khoury Semaan Y $815,000 None Available
Steuart Elizabeth $600,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ei Khoury Semaan Y $1,410,000
Closed El Khoury Semaan $1,537,200
Previous Owner Steuart Elizabeth $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2016 04/22/16 Sold $815,000 -1.2% $600 / Sq Ft
03/15/2016 03/15/16 For Sale $825,000 -- $608 / Sq Ft
03/02/2016 03/02/16 Pending -- -- --
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 $14,477 $1,873,500 $949,000 $924,500
2023 $14,477 $1,910,480 $949,000 $961,480
2022 $7,651 $1,910,480 $949,000 $961,480
2021 $7,651 $1,910,480 $949,000 $961,480
2020 $7,651 $1,910,480 $949,000 $961,480
2019 $6,942 $1,437,900 $654,800 $783,100
2018 $6,942 $1,437,900 $654,800 $783,100
2017 $5,635 $1,170,600 $654,800 $515,800
2016 $3,281 $757,800 $654,800 $103,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Rachel Neal Neal

    Southern Shores Realty

    (252) 599-6200

    15 Total Sales

    Rachel Neal Neal
    Section Image
  • Amber Bodner Griffith

    Buyer's Agent in 2016

    Amber Bodner Griffith

    Keller Williams - Outer Banks

    (252) 599-2716

    81 Total Sales

    Amber Bodner Griffith
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 91556

Outer Banks Association of REALTORS®

APN: 005562000

North Carolina Dare County Nags Head 27959

2221 S Virginia Dare Trail, Nags Head, NC

This home is located at 2221 S Virginia Dare Trail, Nags Head, NC 27959 since 15 March 2016 and is currently estimated at $3,109,873, approximately $2,290 per square foot. This property was built in 1970. 2221 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.

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.

Outer Banks Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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