NOT LISTED FOR SALE

2523 S Virginia Dare Trail Nags Head, NC 27959

Estimated Value: $1,517,840 - $2,799,000

8 Beds
6.5 Baths
3,185 Sq Ft
$613/Sq Ft Est. Value

Last Sold January 17, 2020

Last sale price $969,000 $304 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $10,693/month

4 Days on Market

Highlights

  • Ocean Front
  • Concrete Pool
  • Cathedral Ceiling
  • Beach Access
  • Second Refrigerator
  • Furnished

About This Home

As of January 2020

Panoramic Ocean View! Excellent rental income year after year. With updates, flooring,kitchen, baths, etc., rents are estimated to increase to $130,000-$140,000. Superior floor plan. Great room and dining area provide wall to wall ocean view. Five of eight bedrooms enjoy private baths. Shared bath is on entry floor. Game room with pool table and refrigerator is conveniently located on ground floor. This house has everything a renter and owner could want - ocean side pool and hot tub, walkway to beach, open and covered decks, elevator, two stoves, two microwaves, two refrigerators, great floor plan, conveniently located to restaurants, grocery, and shopping, and potential to significantly increase rental income. Rents booked for 2020 currently at $106,300. New refrigerator and heat pump in 2019. Concrete pool recently refinished. Dishwasher replaced in 2017. Decor refreshed 2019.

Last Agent to Sell the Property

Connie Burke

Coastal Carolina Vacations License #220597 Listed on: 11/26/2019

Co-Listed By

Robert Oakes

Village Realty Holdings, LLC - NH License #110668

Last Buyer's Agent

Frederick Autry

RE/MAX Coastal Associates License #297203

RE/MAX Coastal Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,460

Year Built

  • Built in 2000

Lot Details

  • Ocean Front

Parking

  • Paved Parking

Home Design

  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 3,185 Sq Ft Home
  • Elevator
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • Game Room
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Dryer

Pool

  • Concrete Pool
  • In Ground Pool
  • Outdoor Pool
  • Spa

Outdoor Features

  • Beach Access
  • Sun Deck
  • Covered Deck

Utilities

  • Heat Pump System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Listing and Financial Details

  • Legal Lot and Block 1 / 3

Community Details

Overview

  • Nags Head Shores Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,460

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Directions: Beach Road Mile post 11
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Elevator, Hot Tub, Sun Deck, Dry Entry, Inside Laundry Room
  • Flood Zone: AE
  • Headline: 11.8% ROI
  • Heated Sq Ft: 3185
  • L V T Date: 11/26/2019
  • Sale/Rent: For Sale
  • Section: 2
  • Waterfront Location: Oceanfront
  • Zoning: RES
  • Deed Book Pg Number: 0094
  • 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 w/Ice Maker, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 8
  • Countertops: Laminate
  • Floor Coverings: Carpet, Tile, Vinyl, Wood Laminate
  • Foundation: Slab
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Ensuite, Pantry, Washer Connection
  • Optional Rooms: Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Pool: Yes
  • Pool: Private
  • Pool Type: In Ground, Concrete, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Paved

Utilities

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

Lot Info

  • Lot Number: Lot 1
  • Deed Book: 1467

Rental Info

  • Rental Co: Sun Realty
  • Rental Cottage Name: Take A Mulligan
  • Rental Cottage Number: 442

Building Info

  • Year Built: 2000

Tax Info

  • Year: 2019
  • Taxes: 7460

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2019
Closed on
Jan 22, 2020
Sold by
Filipi Steven G and Filipi Christianne J
Bought by
Olr Properties Llc
Seller's Agent
Connie Burke
Coastal Carolina Vacations
Buyer's Agent
Frederick Autry
RE/MAX Coastal Associates
List Price
$969,000
Sold Price
$969,000
Current Estimated Value
$1,952,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$983,960
Avg. Annual Appreciation
12.96%
Original Mortgage
$775,200
Interest Rate
3.7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Nov 26, 2019
Closed on
Dec 19, 2019
Sold by
Belbin John M and Belbin Karen M
Bought by
Filipi Steven G and Filipi Cristianne J
Seller's Agent
Connie Burke
Coastal Carolina Vacations
Buyer's Agent
Frederick Autry
RE/MAX Coastal Associates
List Price
$969,000
Sold Price
$969,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$775,200
Interest Rate
3.7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
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
Olr Properties Llc -- None Available
Filipi Steven G -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Filipi Steven G $775,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/17/2020 01/17/20 Sold $969,000 0.0% $304 / Sq Ft
11/30/2019 11/30/19 Pending -- -- --
11/26/2019 11/26/19 For Sale $969,000 -- $304 / 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 $4,057 $1,069,200 $696,800 $372,400
2023 $4,264 $1,064,648 $696,800 $367,848
2022 $4,189 $1,045,824 $696,800 $349,024
2021 $4,189 $1,045,824 $696,800 $349,024
2020 $4,189 $1,045,824 $696,800 $349,024
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Connie Burke

    Coastal Carolina Vacations

    (252) 573-9564

    25 in this area

    44 Total Sales

    Connie Burke
    Section Image

  • R

    Seller Co-Listing Agent in 2020

    Robert Oakes

    Village Realty Holdings, LLC - NH

    (252) 480-2224

    2 in this area

    3 Total Sales

    Robert Oakes
    Section Image

  • F

    Buyer's Agent in 2020

    Frederick Autry

    RE/MAX

    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 107454

Outer Banks Association of REALTORS®

APN: 005423000

North Carolina Dare County Nags Head 27959

2523 S Virginia Dare Trail, Nags Head, NC

This home is located at 2523 S Virginia Dare Trail, Nags Head, NC 27959 since 26 November 2019 and is currently estimated at $1,952,960, approximately $613 per square foot. This property was built in 2000. 2523 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.

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Information is deemed reliable but not guaranteed.

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