NOT LISTED FOR SALE

2227 S Virginia Dare Trail Unit 1 (B-1) Nags Head, NC 27959

Estimated Value: $505,000 - $663,000

2 Beds
2 Baths
1,450 Sq Ft
$402/Sq Ft Est. Value

Last Sold May 17, 2022

Last sale price $419,000 $289 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $5,025/month

90 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Hydromassage or Jetted Bathtub
  • Community Beach Access
  • Marble Flooring
  • Furnished

About This Home

As of May 2022

LOWEST PRICED 2 BEDROOM OCEAN FRONT CONDO BY $100,000+! AND 50% BIGGER THAN MOST! With hard to find private garage and storage area. Very private, LOW DENSITY (JUST 6 UNITS) COMMUNITY WITH A PRIVATE OCEAN WALKWAY AND A LARGE OCEANSIDE POOL AND ELEVATOR. Spacious 8'X24' covered porch with OCEAN VIEW!.. GAS FIREPLACE WITH MARBLE HEARTH IS IDEAL FOR FALL AND WINTER SEASONS!,,BONUS! 12' x 21' GARAGE..!''Well maintained by the sellers with recent improvements including: new fireplace (2014), hot water heater (2017), refrigerator and dishwasher (2018), washer (2019) and HVAC System (2018) and LTV Driftwood flooring (2021)! NEW IN '22!...OCEAN WALKWAY AND STAIRS. Ready for your enjoyment! Marble tile foyer and luxurious master bath, Corian kitchen countertops among other features. Solid rental income producer every year. $$63,539 projected income for full open season! PERFECT FOR VACATION RENTAL, 2ND HOME OR EVEN YEAR ROUND LIVING! IDEAL CENTRAL LOCATION TOO!

Last Listed By

Daniel Fenyak

Outer Banks Blue Realty Srvcs. License #103918 Listed on: 12/30/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,936

Year Built

  • Built in 1986

Lot Details

  • Beach Front
  • Landscaped

HOA Fees

  • $1,500 Monthly HOA Fees

Home Design

  • Property Attached
  • Masonry Perimeter Foundation
  • Asphalt Shingled Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,450 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Gas Fireplace
  • Window Treatments
  • Ocean Views
  • Fire and Smoke Detector
  • Dryer

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Corian Countertops

Flooring

  • Carpet
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms
  • Hydromassage or Jetted Bathtub

Parking

  • Garage
  • Carport
  • Garage Door Opener
  • Parking Lot

Outdoor Features

  • Gunite Pool
  • Covered Deck
  • Storage Shed

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Fuel Tank
  • Community Sewer or Septic

Community Details

Overview

  • Association fees include building maintenance, cable, common electric, common insurance, flood insurance, grounds maintenance, management, pool, sewer/septic, water, walkways
  • Signature Touch Association, Phone Number (252) 441-8857
  • Ocean North Subdivision

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,936

Year Built

Built in 1986

Lot Details

0

HOA Fees

$1,500 per month

Listing Details

  • Class: RESIDENTIAL
  • Extras: Beach Access, Boardwalk to Beach, Common Laundry Area, Covered Decks, Elevator, Garage Door Opener, Jet Tub, Landscaped, Smoke Detector(s), Storage Shed
  • Flood Zone: X
  • Headline: Oceanfront Condo!
  • Heated Sq Ft: 1450
  • L V T Date: 12/30/2021
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Unit Level Number: 1
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Advertised Income 2020: 28669
  • Advertised Income 2021: 27310
  • Advertised Income 2022: 24663
  • Deed Book Pg Number: 0347
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C15771
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator
  • Bedrooms: 2
  • Countertops: Corian, Solid Surface
  • Floor Coverings: Carpet, Ceramic Tile, Marble
  • Foundation: Masonry
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Dryer Connection, Gas Connection, Gas Fireplace, Ensuite, Washer Connection, Wet Bar

Exterior Features

  • Construction: Block
  • Exterior: Stucco, Wood
  • Pool: Yes
  • Pool: Association
  • Pool Type: Outdoor, Gunite, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: 1 Car, Attached
  • Garage Sq Ft: 300
  • Parking: Parking Lot

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Electric, Heat Pump
  • Fuel Tanks: Leased
  • Sewer/Septic System: Community Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Building Maintenance, Cable, Common Electric, Common Insurance, Flood Insurance, Grounds Maintenance, Management, Pool, Sewer/Septic, Water, Walkways
  • Condo Type: Attached
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Board Walk
  • Association Fee: Yes
  • Estimated Annual Fee: 18000
  • Hoa Contact: Signature Touch
  • HOA Contact: 252.441.8857
  • Home Owner Dwelling Insurance: 638

Lot Info

  • Lot Description: Beach Frontage, Water Frontage
  • Deed Book: 1932

Rental Info

  • Est Annual Rental Income: 63539
  • Estimated Rental Performance: 0.1516
  • Lease Terms: Weekly
  • Other Expenses: 346
  • Rental Co: Seaside Vacations
  • Rental Cottage Name: Another Day in Paradise
  • Rental Cottage Number: ONB1
  • Rental Phone Number: 252-261-5500
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Actual
  • Annual Electric: 1120
  • Rental Contact Email: mcopeland@seasiderealty.com
  • Rental Contact Name: Michelle Copeland
  • Rental Contact Phone: 252.261.5500

Building Info

  • Year Built: 1986

Tax Info

  • Year: 2021
  • Taxes: 2936

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 20, 2022
Sold by
Kinsey William L and Kinsey Elaine S
Bought by
Yesnik Family Investments Llc
Total Days on Market
90
Current Estimated Value
$583,540

Purchase Details

Listed on
Dec 30, 2021
Closed on
May 13, 2022
Sold by
Newell John D and Newell Linda S
Bought by
Kinsey William L and Kinsey Elaine S
Seller's Agent
Daniel Fenyak
Outer Banks Blue Realty Srvcs.
Buyer's Agent
Carol Perry
Sun Realty - KDH
List Price
$439,000
Sold Price
$419,000
Premium/Discount to List
-$20,000
-4.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.51%

Purchase Details

Closed on
Jun 4, 2013
Sold by
Southeastern Virginia Properties Llc
Bought by
Newell John D and Newell Linda S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,500
Interest Rate
3.37%
Mortgage Type
New Conventional

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
Yesnik Family Investments Llc -- --
Kinsey William L $2,514,000 Sharp Starkey
Newell John D $315,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Newell John D $190,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2022 05/17/22 Sold $419,000 0.0% $289 / Sq Ft
03/30/2022 03/30/22 Pending -- -- --
03/17/2022 03/17/22 Price Changed $419,000 -4.6% $289 / Sq Ft
12/30/2021 12/30/21 For Sale $439,000 -- $303 / 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 $3,109 $414,200 $200,000 $214,200
2023 $1,693 $422,768 $200,000 $222,768
2022 $1,693 $422,768 $200,000 $222,768
2021 $2,936 $422,768 $200,000 $222,768
2020 $1,693 $422,768 $200,000 $222,768
2019 $1,663 $347,300 $215,000 $132,300
2018 $1,663 $347,300 $215,000 $132,300
2017 $1,663 $347,300 $215,000 $132,300
2016 $1,522 $347,300 $215,000 $132,300
2014 $2,467 $347,300 $215,000 $132,300
Source: Public Records

Agents Affiliated with this Home

  • Daniel Fenyak

    Seller's Agent in 2022

    Daniel Fenyak

    Outer Banks Blue Realty Srvcs.

    (252) 256-1818

    120 Total Sales

    Daniel Fenyak
    Section Image
  • Danielle Fenyak

    Seller Co-Listing Agent in 2022

    Danielle Fenyak

    Outer Banks Blue Realty Srvcs.

    (252) 256-2105

    57 Total Sales

    Danielle Fenyak
    Section Image
  • Carol Perry

    Buyer's Agent in 2022

    Carol Perry

    Sun Realty - KDH

    (252) 207-5554

    49 Total Sales

    Carol Perry
    Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 117149

Outer Banks Association of REALTORS®

APN: 005623001

North Carolina Dare County Nags Head 27959

2227 S Virginia Dare Trail Unit 1 (B-1), Nags Head, NC

Homes for Sale in Nags Head, NC

This home is located at 2227 S Virginia Dare Trail Unit 1 (B-1), Nags Head, NC 27959 since 30 December 2021 and is currently estimated at $583,540, approximately $402 per square foot. This property was built in 1986. 2227 S Virginia Dare Trail Unit 1 (B-1) 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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