NOT LISTED FOR SALE

2401 S Virginia Dare Trail Nags Head, NC 27959

Estimated Value: $991,000 - $1,500,000

5 Beds
4.5 Baths
2,427 Sq Ft
$480/Sq Ft Est. Value

Last Sold February 23, 2021

Last sale price $715,000 $295 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $6,684/month

142 Days on Market

Highlights

  • Ocean Front
  • Above Ground Pool
  • Corner Lot
  • Beach Access
  • Cathedral Ceiling
  • Furnished

About This Home

As of February 2021

Oceanfront amenities without the Oceanfront price! This renovated gem will provide great returns for investors or help create incredible Outer Banks memories for the new owners with its direct beach access (no road to cross), unobstructed ocean views, 15 ft swim spa, game room, 5 bedrooms, and 4 full baths -- all in the heart of Nags Head’s Art Gallery District, convenient to shopping, dining and entertainment. Updated in 2020 from top to bottom including new paint (inside and out), new HVAC, new furnishings, new LTV flooring, updated kitchen, new sliders, new bathrooms, new flat screen TV's, and modern, coastal décor throughout. The main master bedroom on this floor has an ocean view and a newly tiled shower and bathroom with double sinks. The kitchen has new cookware, premium cabinetry, new lighting, granite countertops, and a breakfast bar. The living area has all new furniture and a new Roku tv. The mid-level has three large bedrooms (king, queen and duo-bunk), updated baths and the game room. The swim spa and sun deck provide relief to the summer heat when used as a pool. The private ground floor master bedroom has new décor and its own updated full bath. Act quickly and don’t miss your chance…this house is surrounded by million-dollar homes and won’t last long!

Last Agent to Sell the Property

Cathy Turner

Village Realty Holdings, LLC - NH License #187958 Listed on: 09/02/2020

Last Buyer's Agent

Heather Huling

Coldwell Banker Seaside Realty - KDH License #319350

Coldwell Banker Seaside Realty - KDH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,345

Year Built

  • Built in 1996

Lot Details

  • Ocean Front
  • Corner Lot
  • Level Lot

Home Design

  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 2,427 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • Game Room
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Pool

  • Above Ground Pool
  • Fiberglass Pool
  • Outdoor Pool
  • Spa

Outdoor Features

  • Beach Access
  • Sun Deck
  • Covered Deck
  • Storage Shed

Utilities

  • 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 1 / BB

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,345

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: MP 10.4 Corner of Gallery Row and Beach Road on the East Side
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Hot Tub, Storage Shed, Sun Deck, Dry Entry
  • Flood Zone: X
  • Headline: No Beach Rd to Cross
  • Heated Sq Ft: 2427
  • L V T Date: 09/02/2020
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: residentia
  • Deed Book Pg Number: 0742
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C26996
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 5
  • Countertops: Granite
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Tile, Plank
  • Foundation: Piling
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Ensuite, Washer Connection
  • Optional Rooms: Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, Above Ground, Fiberglass, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Utilities

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

Condo/Co-op/Association

  • Home Owner Dwelling Insurance: 3415

Lot Info

  • Lot Description: Corner, Level
  • Lot Number: Lot 1
  • Deed Book: 2338

Rental Info

  • Est Annual Rental Income: 66000
  • Estimated Rental Performance: 0.0923
  • Flood Expenses: 800
  • Other Expenses: 750
  • Poolspa Expense: 3000
  • Rental Co: Joe Lamb Realty
  • Rental Cottage Name: Ruby Reef
  • Rental Cottage Number: 361
  • Rental Phone Number: 252-261-4444
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 2400
  • Annual Electric: 1942
  • Annual Water Expense: 600
  • Rental Contact Name: Joe Lamb Realty
  • Rental Contact Phone: 252-261-4444

Building Info

  • Year Built: 1996

Tax Info

  • Year: 2020
  • Taxes: 3345

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2020
Closed on
Feb 19, 2021
Sold by
Gulley Steven E and Gulley Constance M
Bought by
Burruss Joshua D and Burruss Heather
Seller's Agent
Cathy Turner
Village Realty Holdings, LLC - NH
Buyer's Agent
Heather Huling
Coldwell Banker Seaside Realty - KDH
List Price
$824,900
Sold Price
$715,000
Premium/Discount to List
-$109,900
-13.32%
Current Estimated Value
$1,165,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$450,106
Avg. Annual Appreciation
11.08%
Original Mortgage
$548,250
Outstanding Balance
$492,172
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$654,961

Purchase Details

Listed on
Jul 23, 2019
Closed on
Nov 19, 2019
Sold by
Wilson Ray A and Wilson Susan M
Bought by
Gulley Ft
Seller's Agent
Lisa Strydom
Coldwell Banker Seaside Realty KH
Buyer's Agent
Cathy Turner
Village Realty Holdings, LLC - NH
List Price
$539,000
Sold Price
$499,500
Premium/Discount to List
-$39,500
-7.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.23%
Original Mortgage
$399,600
Interest Rate
3.75%
Mortgage Type
New Conventional
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
Burruss Joshua D $715,000 None Available
Gulley Ft $499,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burruss Joshua D $548,250
Previous Owner Gulley Ft $399,600
Previous Owner Wilson Ray A $320,000
Previous Owner Wilson Susan M $333,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2021 02/23/21 Sold $715,000 -1.9% $295 / Sq Ft
01/22/2021 01/22/21 Pending -- -- --
01/04/2021 01/04/21 Price Changed $729,000 -2.7% $300 / Sq Ft
10/29/2020 10/29/20 Price Changed $749,000 -3.4% $309 / Sq Ft
10/11/2020 10/11/20 Price Changed $775,000 -2.5% $319 / Sq Ft
09/23/2020 09/23/20 Price Changed $795,000 -3.6% $328 / Sq Ft
09/02/2020 09/02/20 For Sale $824,900 +65.1% $340 / Sq Ft
11/26/2019 11/26/19 Sold $499,500 -7.3% $206 / Sq Ft
09/23/2019 09/23/19 Pending -- -- --
09/02/2019 09/02/19 For Sale $539,000 0.0% $222 / Sq Ft
08/30/2019 08/30/19 Pending -- -- --
07/23/2019 07/23/19 For Sale $539,000 -- $222 / 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 $4,017 $508,900 $427,000 $81,900
2023 $2,051 $512,176 $427,000 $85,176
2022 $2,051 $512,176 $427,000 $85,176
2021 $3,549 $512,176 $427,000 $85,176
2020 $2,025 $505,728 $427,000 $78,728
2019 $2,561 $533,600 $308,700 $224,900
2018 $2,733 $568,400 $308,700 $259,700
2017 $2,733 $568,400 $308,700 $259,700
2016 $2,500 $568,400 $308,700 $259,700
2014 $4,087 $568,400 $308,700 $259,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 110813

Outer Banks Association of REALTORS®

APN: 012377001