NOT LISTED FOR SALE

2611 S Virginia Dare Trail Nags Head, NC 27959

Estimated Value: $2,335,000 - $4,573,000

0.54 Acre
$6,288,667 Price per Acre
23,522 Sq Ft Lot

Last Sold December 03, 2019

Last sale price $700,000

Est. 385% increase in value since last sale

Current estimated payment $19,260/month

34 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • 0.54 Acre Lot

About This Lot

As of December 2019

Large oceanfront lot located in desirable section of Nags Head. Located in Nags Head Art District and close to many shops and restaurants. This prime location will accommodate a 9 bedroom house. Relax and soak up the sun while enjoying ocean views or walk to explore local art galleries, shops and restaurants. 50 feet of water frontage with high and deep vegetated dunes. Perfect place to build your oceanfront dream home or lucrative rental property!

Last Agent to Sell the Property

Chris Buttery

Brindley Beach Vacations & Sal License #271404 Listed on: 09/11/2019

Last Buyer's Agent

Sumit Gupta

VR Real Estate Advisors, LLC License #212627

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,665

Lot Details

  • 0.54 Acre Lot
  • Beach Front

Property Views

  • Ocean Views

Community Details

  • Nags Head Shores Subdivision

Listing and Financial Details

  • Tax Block 2

Property Details

Property Type

Land

Est. Annual Taxes

$4,665

Lot Details

0

Listing Details

  • Class: LOTS/LAND
  • Subdivision Name: Nags Head Shore Amended
  • Headline: Large Oceanfront Lot
  • L V T Date: 09/11/2019
  • Sale/Rent: For Sale
  • Section: 2
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 0853
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C14121
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Ocean

Lot Info

  • Estimated Lot Sq Ft: 23617
  • Lot Description: Beach Frontage
  • Estimated Lot Size: 0.54
  • Deed Book: 1986
  • Unit/Lot Number: Lot #7

Tax Info

  • Year: 2018
  • Taxes: 4664.83

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2019
Closed on
Nov 20, 2019
Sold by
Beacon Ml Properties Llc
Bought by
Karki Raju
Seller's Agent
Chris Buttery
Brindley Beach Vacations & Sal
Buyer's Agent
Sumit Gupta
VR Real Estate Advisors, LLC
List Price
$740,000
Sold Price
$700,000
Premium/Discount to List
-$40,000
-5.41%
Current Estimated Value
$3,395,880

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,695,880
Avg. Annual Appreciation
30.87%
Original Mortgage
$1,623,750
Outstanding Balance
$1,441,551
Interest Rate
3.7%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,954,329
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Karki Raju $700,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karki Raju $1,623,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/03/2019 12/03/19 Sold $700,000 -5.4% --
10/15/2019 10/15/19 Pending -- -- --
09/11/2019 09/11/19 For Sale $740,000 -- --
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 $15,054 $1,989,000 $845,000 $1,144,000
2023 $7,966 $1,989,000 $845,000 $1,144,000
2022 $7,966 $1,989,000 $845,000 $1,144,000
2021 $7,966 $1,989,000 $845,000 $1,144,000
2020 $5,061 $845,000 $845,000 $0
2019 $2,821 $600,300 $600,300 $0
2018 $2,821 $600,300 $600,300 $0
2017 $2,821 $600,300 $600,300 $0
2016 $2,581 $600,300 $600,300 $0
Source: Public Records

Agents Affiliated with this Home

  • Chris Buttery

    Seller's Agent in 2019

    Chris Buttery

    Brindley Beach Vacations & Sal

    (757) 754-8871

    26 Total Sales

    Chris Buttery
    Section Image
  • Sumit Gupta

    Buyer's Agent in 2019

    Sumit Gupta

    VR Real Estate Advisors, LLC

    (252) 207-8997

    13 Total Sales

    Sumit Gupta
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 106468

Outer Banks Association of REALTORS®

APN: 005419001

North Carolina Dare County Nags Head 27959

2611 S Virginia Dare Trail, Nags Head, NC

This home is located at 2611 S Virginia Dare Trail, Nags Head, NC 27959 since 11 September 2019 and is currently estimated at $3,395,880. 2611 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.

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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