NOT LISTED FOR SALE

2227 S Virginia Dare Trail Unit 2 (A1) Nags Head, NC 27959

Estimated Value: $602,000 - $738,000

3 Beds
3 Baths
1,660 Sq Ft
$414/Sq Ft Est. Value

Last Sold October 06, 2021

Last sale price $550,000 $331 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $5,284/month

50 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Contemporary Architecture
  • Community Beach Access
  • Outdoor Pool
  • Hydromassage or Jetted Bathtub

About This Home

As of October 2021

Complete remodel makes this condo shine! Used as a second home, so immediate occupancy/summer enjoyment at closing. Custom kitchen has G.E. stainless appliance package, glass tile backsplash, quartz counter tops and soft close cabinets. Two en suite bedrooms. Enhanced outdoor living with multiple Polywood chairs and tables! First floor location plus an elevator makes for little or no steps. Watch the sunrise with your coffee from your 38’ X 8’ covered deck. After a day at the beach, the oversized community pool and patio awaits you and your family and guests, shared by just six families. You’ll find a tastefully furnished spacious interior-- sparingly and lovingly used the past 10 years as a second home. In the cool months, the wood fireplace is ready to keep you toasty. One of the lowest priced 3 bedroom oceanfront condo on the market….and the central location is ideal. Minutes to all of the Outer Banks attractions. One of the best parts…the wide, low density beach! Worth taking a look before it’s gone

Last Agent to Sell the Property

Daniel Fenyak

Outer Banks Blue Realty Srvcs. License #103918 Listed on: 06/23/2021

Co-Listed By

Danielle Fenyak

Outer Banks Blue Realty Srvcs. License #283556

Last Buyer's Agent

Daniel Fenyak

Outer Banks Blue Realty Srvcs. License #103918 Listed on: 06/23/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,017

Year Built

  • Built in 1986

Lot Details

  • Beach Front

HOA Fees

  • $1,500 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Contemporary Architecture
  • Property Attached
  • Entry on the 1st floor
  • Masonry Perimeter Foundation
  • Asphalt Shingled Roof
  • Masonry

Interior Spaces

  • 1,660 Sq Ft Home
  • Elevator
  • Furnished
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Quartz Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Pool
  • Covered Deck

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • 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

Amenities

  • Common Area

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,017

Year Built

Built in 1986

Lot Details

0

HOA Fees

$1,500 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Elevator, Jet Tub
  • Flood Zone: X
  • Subdivision Name: Ocean North Condos
  • Headline: 3 Bedrooms Like New!
  • Heated Sq Ft: 1660
  • L V T Date: 06/23/2021
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Unit Level Number: 1
  • Waterfront Location: Oceanfront
  • Zoning: Res Condo
  • Deed Book Pg Number: 0205
  • 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, Washer
  • Bedrooms: 3
  • Countertops: Quartz
  • Floor Coverings: Carpet, Tile
  • Foundation: Masonry
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Dryer Connection, Ensuite, Washer Connection, Wood Fireplace

Exterior Features

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

Garage/Parking

  • Parking: Parking Lot

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Electric, Heat Pump
  • 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, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 18000
  • Hoa Contact: Signature Touch
  • HOA Contact: (252) 441-8857

Lot Info

  • Lot Description: Beach Frontage, Water Frontage
  • Deed Book: 1876

Rental Info

  • Est Annual Rental Income: 45610
  • Estimated Rental Performance: 0.0829
  • Other Insurance Expenses: 1372

Building Info

  • Year Built: 1986

Tax Info

  • Year: 2020
  • Taxes: 3017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2021
Closed on
Oct 6, 2021
Sold by
Penick Gordon F and Penick Ruth Norfleet
Bought by
Paolicelli Mark A and Paolicelli Courtney P
Seller's Agent
Daniel Fenyak
Outer Banks Blue Realty Srvcs.
Buyer's Agent
Daniel Fenyak
Outer Banks Blue Realty Srvcs.
List Price
$625,000
Sold Price
$550,000
Premium/Discount to List
-$75,000
-12%
Current Estimated Value
$687,069

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,069
Avg. Annual Appreciation
5.68%
Original Mortgage
$440,000
Outstanding Balance
$400,367
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$286,702

Purchase Details

Closed on
Sep 13, 2011
Sold by
Falco Rosalie L
Bought by
Penick Gordon F and Penick Ruth Norfleet
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
Paolicelli Mark A $550,000 None Available
Paolicelli Mark A $2,750,000 None Listed On Document
Penick Gordon F $400,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paolicelli Mark A $440,000
Closed Paolicelli Mark A $440,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/06/2021 10/06/21 Sold $550,000 -6.6% $331 / Sq Ft
08/12/2021 08/12/21 Pending -- -- --
07/07/2021 07/07/21 Price Changed $589,000 -5.8% $355 / Sq Ft
06/23/2021 06/23/21 For Sale $625,000 -- $377 / 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
2025 $1,837 $679,400 $180,000 $499,400
2024 $1,553 $453,300 $200,000 $253,300
2023 $1,553 $463,432 $200,000 $263,432
2022 $1,856 $463,432 $200,000 $263,432
2021 $1,815 $453,300 $200,000 $253,300
2020 $2,951 $453,300 $200,000 $253,300
2019 $1,749 $372,200 $215,000 $157,200
2018 $1,143 $372,200 $215,000 $157,200
2017 $1,749 $372,200 $215,000 $157,200
2016 $1,600 $372,200 $215,000 $157,200
2014 $1,600 $372,200 $215,000 $157,200
Source: Public Records

Agents Affiliated with this Home

  • Daniel Fenyak

    Seller's Agent in 2021

    Daniel Fenyak

    Outer Banks Blue Realty Srvcs.

    (252) 256-1818

    24 in this area

    105 Total Sales

    Daniel Fenyak
    Section Image
  • Danielle Fenyak

    Seller Co-Listing Agent in 2021

    Danielle Fenyak

    Outer Banks Blue Realty Srvcs.

    (252) 256-2105

    10 in this area

    47 Total Sales

    Danielle Fenyak
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 114926

Outer Banks Association of REALTORS®

APN: 005623002

North Carolina Dare County Nags Head 27959

2227 S Virginia Dare Trail Unit 2 (A1), Nags Head, NC

This home is located at 2227 S Virginia Dare Trail Unit 2 (A1), Nags Head, NC 27959 since 23 June 2021 and is currently estimated at $687,069, approximately $413 per square foot. This property was built in 1986. 2227 S Virginia Dare Trail Unit 2 (A1) 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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