NOT LISTED FOR SALE

2707 S Memorial Ave Nags Head, NC 27959

Estimated Value: $897,000 - $2,908,000

4 Beds
3.5 Baths
2,700 Sq Ft
$533/Sq Ft Est. Value

Last Sold January 22, 2024

Last sale price $860,000 $319 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $7,934/month

140 Days on Market

Highlights

  • Rooftop Deck
  • Furnished
  • Laundry Room
  • Cathedral Ceiling
  • Beamed Ceilings
  • Outdoor Shower

About This Home

As of January 2024

Excellently maintained home in Nags Head located just a short stroll to the beach. The house has been in the same family since it was built. The owner limits the rents so very little wear and tear on the home. ***RENTAL PROJECTION FOR 2024 IF THE NEW OWNER DOESN'T LIMIT THE RENTAL WEEKS $44,010!*** Just three lots to the corner of Baltic and a straight shot to the beach. The ground level elevation on the survey shows 11 feet above sea level. Always been High and Dry, No Flood Insurance Required! This one is a winner! Downstairs HVAC brand new 2023 Inside and out, upstairs unit is about 5 years old. All the decks were replaced in 2019 and stained in 2021. All exterior door have been replaced as well. Approximate age of appliances Washer 2021 Dryer 2013 Dishwasher 2019 Refrigerator 2018 Oven/Range 2004. The Dare County Tax records have the house listed as 5 bedrooms but Health Dept. has it as 4 bedrooms. Lot next door to the north, is the septic field for the house in front of it on the beach road which will never be built on and creates a buffer from neighbors.

Last Agent to Sell the Property

Barry Breit

Carolina Designs Realty License #187143 Listed on: 04/24/2023

Last Buyer's Agent

Barry Breit

Carolina Designs Realty License #187143 Listed on: 04/24/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,817

Year Built

  • Built in 1996

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 50x150
  • Property is zoned C2

Home Design

  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Metal Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,700 Sq Ft Home
  • Furnished
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Utility Room

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Rooftop Deck

Utilities

  • Central Heating and Cooling System
  • 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 16 / 6

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,817

Year Built

Built in 1996

Lot Details

7,500 Sq Ft Lot

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: From Bypass East on Baltic take right on Memorial House on Left
  • Extras: Ceiling Fan(s), Outside Shower, Roof Top Deck, Inside Laundry Room
  • Subdivision Name: Nags Head Shores Amended
  • Headline: Short Walk to Beach Access!
  • Heated Sq Ft: 2700
  • L V T Date: 04/24/2023
  • Sale/Rent: For Sale
  • Section: 2
  • Waterfront Location: 2 - lots from oceanfront (3rd row
  • Zoning: C2
  • Advertised Income 2021: 37283
  • Advertised Income 2022: 35631
  • Deed Book Pg Number: 0491
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C6124
  • 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, Washer
  • Bedrooms: 4
  • Floor Coverings: Carpet, Vinyl
  • Foundation: Slab
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Beamed Ceiling(s), Cathedral Ceiling(s), Gas Connection, Gas Fireplace, Pantry
  • Optional Rooms: Utility Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Exterior: Vinyl
  • Roof: Metal

Garage/Parking

  • Garage: Attached

Utilities

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

Condo/Co-op/Association

  • Home Owner Dwelling Insurance: 1623

Lot Info

  • Estimated Lot Sq Ft: 7500
  • Lot Size: 50x150
  • Lot Number: Lot 16
  • Estimated Lot Size: 0.17
  • Deed Book: 1886

Rental Info

  • Est Annual Rental Income: 44010
  • Estimated Rental Performance: 0.0512
  • Lease Terms: Weekly
  • Rental Co: Outer Banks Blue
  • Rental Cottage Name: Shore N Dipity
  • Rental Cottage Number: NH038
  • Rental Phone Number: 2522551220
  • Rental Turnover Day: Sat
  • Annual Cable TV Expense: 2760
  • Annual Electric: 2234
  • Annual Water Expense: 595
  • Rental Contact Email: debbie@outerbanksblue.com
  • Rental Contact Name: Debbie Runnells

Building Info

  • Year Built: 1996

Tax Info

  • Year: 2022
  • Taxes: 3816.52

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2023
Closed on
Jan 19, 2024
Sold by
Clarke Laura Christine and Bernard Stanley
Bought by
Proequity Trademark Investors
Seller's Agent
Barry Breit
Carolina Designs Realty
Buyer's Agent
Barry Breit
Carolina Designs Realty
List Price
$935,000
Sold Price
$860,000
Premium/Discount to List
-$75,000
-8.02%
Views
483
Current Estimated Value
$1,437,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$577,929
Avg. Annual Appreciation
26.73%
Original Mortgage
$618,555
Outstanding Balance
$613,612
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$824,317

Purchase Details

Closed on
Jan 7, 2012
Sold by
Turner William H and Turner Laura S
Bought by
Turner Laura S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Proequity Trademark Investors $4,300,000 None Listed On Document
Proequity Trademark Investors $4,300,000 None Listed On Document
Turner Laura S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Proequity Trademark Investors $618,555
Closed Proequity Trademark Investors $618,555
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/22/2024 01/22/24 Sold $860,000 -4.3% $319 / Sq Ft
09/11/2023 09/11/23 Pending -- -- --
07/06/2023 07/06/23 Price Changed $899,000 -3.9% $333 / Sq Ft
04/24/2023 04/24/23 For Sale $935,000 -- $346 / Sq Ft
Source: Outer Banks Association of REALTORS®

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
2025 $4,446 $852,900 $309,400 $543,500
2024 $3,979 $526,000 $185,600 $340,400
2023 $2,161 $539,616 $185,600 $354,016
2022 $2,161 $539,616 $185,600 $354,016
2021 $2,167 $539,616 $185,600 $354,016
2020 $2,161 $539,616 $185,600 $354,016
2019 $1,926 $398,300 $169,300 $229,000
2018 $1,931 $398,300 $169,300 $229,000
2017 $1,926 $398,300 $169,300 $229,000
2016 $1,762 $398,300 $169,300 $229,000
2014 $2,856 $398,300 $169,300 $229,000
Source: Public Records

Agents Affiliated with this Home

  • Barry Breit

    Seller's Agent in 2024

    Barry Breit

    Carolina Designs Realty

    (252) 202-1043

    1 in this area

    29 Total Sales

    Barry Breit
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 122048

Outer Banks Association of REALTORS®

APN: 027446010

North Carolina Dare County Nags Head 27959

2707 S Memorial Ave, Nags Head, NC

Not Listed for Sale

Detached

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