NOT LISTED FOR SALE

2229 S Virginia Dare Trail Unit 301 Nags Head, NC 27959

Estimated Value: $479,000 - $603,000

2 Beds
2 Baths
900 Sq Ft
$500/mo HOA Fee

Last Sold August 13, 2014

Last sale price $262,500 $292 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $3,720/month

223 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Coastal Architecture
  • Community Beach Access
  • Concrete Pool
  • Furnished

About This Home

As of August 2014

First floor 2BR 2BA w/easy access to swimming pool & beach! Yes, and there are Ocean Views! King bed in master suite! Large covered deck with access to the community pool and direct beach access over the dune! Strong dune system with a very stable beach! Solid masonry construction! Washer/dryer in unit plus lots of storage. Galley kitchen with pass through has newer appliances and tile floors! Wet bar! All owners in the Oceans enjoy a private 7x12 owner storage on ground level for all your fishing tackle and beach toys! Only 9 homes in the building! Solid rentals grossing over $20,000 in 2013 & 2014!

Last Listed By

Richard Tolson

RT Realty OBX, LLC License #119826 Listed on: 12/05/2013

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,660

Year Built

  • Built in 1983

Lot Details

  • 1.09

HOA Fees

  • $500 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Coastal Architecture
  • Masonry Perimeter Foundation
  • Asphalt Shingled Roof
  • Masonry

Interior Spaces

  • 900 Sq Ft Home
  • Furnished
  • Window Treatments
  • Ocean Views
  • Stacked Washer and Dryer

Kitchen

  • Oven or Range
  • Built-In Range
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Home Security

Pool

  • Concrete Pool
  • Outdoor Shower

Utilities

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

Additional Features

  • Covered Deck
  • Beach Front

Community Details

Overview

  • Association fees include building maintenance, cable, common insurance, flood insurance, grounds maintenance, management, pool, water
  • Seaside Management Association
  • Oceans Condos Subdivision

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Community Pool

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,660

Year Built

Built in 1983

Lot Details

0

HOA Fees

$500 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Directions: Located approximate 1/2 mile south of the Nags Head Town line.
  • Extras: Beach Access, Boardwalk to Beach, Covered Decks, Outside Shower, Smoke Detector(s)
  • Subdivision Name: Oceans Condos
  • Headline: Oceanfront Pool!
  • Heated Sq Ft: 900
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Unit Level Number: 1
  • Waterfront Location: Oceanfront
  • Zoning: RES
  • Deed Book Pg Number: 234
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Countertop Range, Dishwasher, Microwave, Range/Oven, Refrigerator w/Ice Maker, Stackable Washer/Dryer
  • Bedrooms: 2
  • Floor Coverings: Carpet, Ceramic Tile
  • Foundation: Masonry
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Ensuite

Exterior Features

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

Garage/Parking

  • Parking: Parking Lot

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Electric, Heat Pump
  • Oilgas Severed Pre Owner: No Representation
  • Sewer/Septic System: Community Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Building Maintenance, Cable, Common Insurance, Flood Insurance, Grounds Maintenance, Management, Pool, Water
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool
  • Association Fee: Yes
  • Estimated Annual Fee: 6000
  • Hoa Contact: Seaside Management
  • HOA Contact: 261-2000

Lot Info

  • Lot Description: Beach Frontage, Water Frontage
  • Lot Faces: W
  • Deed Book: 1872

Rental Info

  • Est Annual Rental Income: 20738
  • Estimated Rental Performance: 0.079
  • Other Expenses: 179000
  • Rental Co: Seaside Vacations
  • Rental Cottage Number: OS-301
  • Rental Phone Number: 261-2171
  • Rental Turnover Day: Sunday

Building Info

  • Year Built: 1983

Tax Info

  • Year: 2013
  • Taxes: 2660

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 18, 2023
Sold by
Tamburello Philip Michael
Bought by
Philip Michael Tamburello Living Trust
Total Days on Market
223
Current Estimated Value
$539,322

Purchase Details

Listed on
Dec 5, 2013
Closed on
Aug 14, 2014
Sold by
Falls David G and Falls Pam H
Bought by
Tamburello Philip M
Seller's Agent
Richard Tolson
RT Realty OBX, LLC
Buyer's Agent
Becky Rockis
Sun Realty - Corolla
List Price
$299,500
Sold Price
$262,500
Premium/Discount to List
-$37,000
-12.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.86%
Original Mortgage
$196,850
Interest Rate
4.2%
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
Tamburello Philip M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tamburello Philip M $196,850
Previous Owner Falls David G $139,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2014 08/13/14 Sold $262,500 -12.4% $292 / Sq Ft
07/16/2014 07/16/14 Pending -- -- --
12/05/2013 12/05/13 For Sale $299,500 -- $333 / 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 $2,407 $320,900 $162,500 $158,400
2023 $2,629 $357,396 $162,500 $194,896
2022 $1,431 $357,396 $162,500 $194,896
2021 $1,431 $357,396 $162,500 $194,896
2020 $1,431 $357,396 $162,500 $194,896
2019 $1,390 $290,100 $179,000 $111,100
2018 $1,390 $290,100 $179,000 $111,100
2017 $1,392 $290,100 $179,000 $111,100
2016 $1,271 $290,100 $179,000 $111,100
2014 $1,271 $290,100 $179,000 $111,100
Source: Public Records

Agents Affiliated with this Home

  • Richard Tolson

    Seller's Agent in 2014

    Richard Tolson

    RT Realty OBX, LLC

    (252) 202-9199

    63 Total Sales

    Richard Tolson
    Section Image
  • Becky Rockis

    Buyer's Agent in 2014

    Becky Rockis

    Sun Realty - Corolla

    (252) 475-0599

    36 Total Sales

    Becky Rockis
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 81566

Outer Banks Association of REALTORS®

APN: 007094000

North Carolina Dare County Nags Head 27959

2229 S Virginia Dare Trail Unit 301, Nags Head, NC

Homes for Sale in Nags Head, NC

This home is located at 2229 S Virginia Dare Trail Unit 301, Nags Head, NC 27959 since 05 December 2013 and is currently estimated at $539,322, approximately $599 per square foot. This property was built in 1983. 2229 S Virginia Dare Trail Unit 301 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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