NOT LISTED FOR SALE

2701 S Virginia Dare Trail Nags Head, NC 27959

Estimated Value: $2,045,867 - $2,738,000

8 Beds
7.5 Baths
4,000 Sq Ft
$589/Sq Ft Est. Value

Last Sold April 22, 2022

Last sale price $2,250,000 $562 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $13,246/month

52 Days on Market

Highlights

  • Beach Front
  • Heated In Ground Pool
  • Second Refrigerator
  • Ocean View
  • 0.48 Acre Lot
  • Coastal Architecture

About This Home

As of April 2022

A wonderful oceanfront property awaits with 200k plus in rental income, sensational ocean views and a stable vegetated dune for added protection! One of the best dune lines in all of Nags Head. This quality constructed 8 bedroom (5 primary bedrooms have a private bath) home offers an elevator accessible to all 3 floors, a reverse style living that takes advantage of those stunning water views, a functional open-concept floor-plan, a freshly renovated kitchen with plenty of cabinetry for storage, and a game room with a kitchenette. The top-level boasts; a generous great room with custom built-ins, a cozy gas fireplace, hardwood floors in the dining room, a large sun deck; eat-in bar for 4, new tile floors and countertops, new dishwasher, range/oven and microwave; a loft area, a powder bath, and a primary bedroom with a private ensuite bath. The mid-level offers 4 more spacious bedrooms; all have a private baths and 2 of the bedrooms have a private deck access perfect for being lulled to sleep by the sound of the ocean waves, and the conveniently located washer/dryer. The ground level features a large game room, a slider to the pool area and outdoor shower, a kitchenette complete with a full size refrigerator, wet bar, and microwave. There are also 3 more bedrooms on this level; 2 of the bedrooms have a private access to the shared bath (Jack and Jill). The exterior features a private heated pool, with an amazing 360 degree pool slide, and a large dune top deck with built-in seating.This property has all you need to begin building memories in the heart of Nags Head. Close proximity to shopping, dining and entertainment. Consistent money maker for any investor $208,346 in income for 2021, and on tract to do more this year with 191,362 YTD for 2022. At the buyer's option, it may be possible move VRBO guests to any management company.

Last Agent to Sell the Property

Heather VanderMyde

Coldwell Banker Seaside Realty - KDH License #207518 Listed on: 01/20/2022

Coldwell Banker Seaside Realty - KDH

Last Buyer's Agent

Shelley O'Grady

Joe Lamb, Realty License #290050

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,205

Year Built

  • Built in 2004

Lot Details

  • 0.48 Acre Lot
  • Beach Front
  • 62 Feet of Waterfront
  • Fenced Yard

Parking

  • Paved Parking

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 4,000 Sq Ft Home
  • Elevator
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Plumbed For Ice Maker
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • En-Suite Primary Bedroom
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Fiberglass Pool
  • Outdoor Pool
  • Spa

Outdoor Features

  • Sun Deck
  • Covered Deck

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Fuel Tank
  • Septic System

Listing and Financial Details

  • Legal Lot and Block 12 / 1

Community Details

Overview

  • Nags Head Shores Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,205

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Extras: Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Elevator, Fenced Yard, Hot Tub, Jet Tub, Smoke Detector(s), Sun Deck
  • Flood Zone: VE
  • Subdivision Name: Nags Head Shores Amended 2
  • Headline: 2021 Income $208k
  • Heated Sq Ft: 4000
  • L V T Date: 01/20/2022
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 2
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Advertised Income 2021: 208346
  • Advertised Income 2022: 191362
  • Deed Book Pg Number: 0362
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C7166
  • 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, 2nd Refrigerator
  • Bedrooms: 8
  • Bedroom 1: Primary, On Level: 3
  • Bedroom 2: Primary, On Level: 2
  • Bedroom 3: Primary, On Level: 2
  • Bedroom 4: Primary, On Level: 2
  • Bedroom 5: Primary, On Level: 2
  • Bedroom 6: Primary, On Level: Ground
  • Bedroom 7: Guest, On Level: 2
  • Bedroom 8: Guest, On Level: Ground
  • Kitchen: Ocean View, On Level: 3
  • Electronic Locks: Owned
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Foundation: Piling, Slab
  • Full Bathrooms: 7
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry
  • Game Room: Pool View, On Level: Ground
  • Living Room: Ocean View, On Level: 3
  • Optional Room 2: Guest, On Level: Ground
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Wood, Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Fiberglass, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 50
  • Sun Deck Size: Large
  • View: Ocean
  • Water Frontage: 62

Garage/Parking

  • Parking: Paved

Utilities

  • Cooling: Central, Zoned
  • Heating: Central, Heat Pump, Zoned
  • Fuel Tanks: Leased
  • Sewer/Septic System: Non Conventional Septic
  • Water: Municipal

Lot Info

  • Estimated Lot Sq Ft: 20750
  • Lot Description: Beach Frontage, Water Frontage
  • Lot Faces: E
  • Lot Size: 50’X421’
  • Lot Number: Lot 12
  • Estimated Lot Size: 0.48
  • Deed Book: 1949

Rental Info

  • Est Annual Rental Income: 273215
  • Estimated Rental Performance: 0.1214
  • Lease Terms: Weekly
  • Rental Co: VRBO

Building Info

  • Year Built: 2004

Tax Info

  • Year: 2021
  • Taxes: 8205

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2022
Closed on
Apr 22, 2022
Sold by
Brown Ernest T
Bought by
Lisle Robert
Seller's Agent
Heather VanderMyde
Coldwell Banker Seaside Realty - KDH
Buyer's Agent
Shelley O'Grady
Joe Lamb, Realty
List Price
$2,299,000
Sold Price
$2,250,000
Premium/Discount to List
-$49,000
-2.13%
Current Estimated Value
$2,354,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,967
Avg. Annual Appreciation
1.32%
Original Mortgage
$1,800,000
Outstanding Balance
$1,683,486
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$671,481

Purchase Details

Closed on
Dec 31, 2013
Sold by
Lanmormer Llc
Bought by
Brown Ernest T
Source: Public Records

Range of Values:

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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
Lisle Robert $2,250,000 None Listed On Document
Brown Ernest T $1,068,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lisle Robert $1,800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/22/2022 04/22/22 Sold $2,250,000 -2.1% $563 / Sq Ft
03/13/2022 03/13/22 Pending -- -- --
02/21/2022 02/21/22 For Sale $2,299,000 0.0% $575 / Sq Ft
02/01/2022 02/01/22 Pending -- -- --
01/20/2022 01/20/22 For Sale $2,299,000 -- $575 / 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 $9,133 $1,155,700 $449,500 $706,200
2023 $4,742 $1,183,948 $449,500 $734,448
2022 $4,742 $1,183,948 $449,500 $734,448
2021 $8,205 $1,183,948 $449,500 $734,448
2020 $4,742 $1,183,948 $449,500 $734,448
2019 $5,408 $1,124,400 $599,600 $524,800
2018 $3,532 $1,124,400 $599,600 $524,800
2017 $5,408 $1,124,400 $599,600 $524,800
2016 $4,948 $1,124,400 $599,600 $524,800
2014 $4,948 $1,124,400 $599,600 $524,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 117354

Outer Banks Association of REALTORS®

APN: 027449004