NOT LISTED FOR SALE

2900 S Memorial Ave Nags Head, NC 27959

Estimated Value: $1,030,000 - $1,287,000

5 Beds
5.5 Baths
2,628 Sq Ft
$438/Sq Ft Est. Value

Last Sold June 16, 2023

Last sale price $1,036,000 $394 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $6,576/month

4 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • Coastal Architecture
  • Beach Access
  • Second Refrigerator
  • 4-minute walk to Dowdy Park

About This Home

As of June 2023

This coastal house located in the popular town of Nags Head and very close to an exceptional beach access is a genuine treasure that radiates comfort and leisure. This beautiful home, measuring over 2600 square feet, has plenty of room for large gatherings, with five bedrooms and five and a half bathrooms meticulously designed to provide maximum privacy and comfort. The private pool is an added feature that provides a serene haven to unwind and soak up the rays. Inside, you'll notice the subtle blend of contemporary conveniences and coastal-inspired design that produces a charming ambiance. The top floor's open-concept living room, kitchen, and dining area make for the ideal meeting place for spending quality time with loved ones, and the large windows let in natural light to create a cozy and welcoming atmosphere. Enjoy a cup of tea on the front deck as the sun rises over the horizon, or relax on the enclosed west-facing porch. A half-flight up from the main living space, is a ship's watch that offers another vantage point to enjoy the breath-taking ocean views. The added convenience of a well-appointed powder room between levels, as you descend to the next level, adds to the ease and comfort of this excellent property. The second floor offers three comfortable en suite bedrooms and two covered balconies. The ground level features a recreation room, a laundry room, and two bedrooms, one with a private bathroom, another with a full bathroom, and access to the pool area to keep guests entertained. Outside, the fenced-in pool area offers more than just a pool; there is also a hot tub, a gas grill, a picnic table, an outdoor shower, and plenty of room for relaxation and sunbathing, making it desirable for outdoor entertainment. Look no further if you're looking for an excellent investment property! With no HOA fees and no detail overlooked in establishing this home as an exceptional rental property, it is an investor's dream. Whether you're looking for a luxurious vacation home or an investment opportunity, this fantastic property has it all. Additional features or updates for this property include a new roof in October 2021, a security system update in 2017, landscaping completed all around the property, the exterior recently painted in 2018, several new appliances and furniture, and many other improvements listed in associated documents named Updates/ Improvements from the sellers. Be sure to view the 3D virtual tour by clicking the link or cut/paste into your browser: https://my.matterport.com/show/?m=GyS5Au5dhq7&brand=0

Last Agent to Sell the Property

Heather McLay

Landmark Sotheby's International Realty License #188982 Listed on: 04/29/2023

Landmark Sotheby's International Realty

Co-Listed By

Crystal Swain

Twiddy and Company - Corolla License #321765

Last Buyer's Agent

Beth Dobney Garcia

Coldwell Banker Seaside Realty KH License #174853

Coldwell Banker Seaside Realty KH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,644

Year Built

  • Built in 2006

Lot Details

  • 7,500 Sq Ft Lot
  • Fenced Yard
  • Landscaped
  • Corner Lot
  • Level Lot
  • Property is zoned R3

Home Design

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

Interior Spaces

  • 2,628 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Game Room
  • Sun or Florida Room
  • Ocean Views

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • Tuck Under Parking
  • Paved Parking

Pool

  • In Ground Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Beach Access
  • Sun Deck
  • Covered Deck
  • Patio
  • Exterior Lighting

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Municipal Utilities District Water
  • Fuel Tank
  • Private or Community Septic Tank

Community Details

  • Nags Head Shores Subdivision

Listing and Financial Details

  • Legal Lot and Block 12 / 11

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,644

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: From 158 Turn east onto E Blackman St and go down about 2 blocks until you reach S Memorial Ave. Take right and house will be to your immediate right on corner.
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Fenced Yard, Hot Tub, Jet Tub, Landscaped, Outside Lighting, Outside Shower, Patio, Security System, Smoke Detector(s), Sun Deck, Inside Laundry Room
  • Headline: Nags Head Treasure!
  • Heated Sq Ft: 2628
  • L V T Date: 04/29/2023
  • Roads: Paved
  • Sale/Rent: For Sale
  • Section: 1
  • Waterfront Location: 3 - lots from oceanfront (4th row)
  • Zoning: R3
  • Advertised Income 2020: 45140
  • Advertised Income 2021: 54910
  • Advertised Income 2022: 51842
  • Deed Book Pg Number: 0449
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C20671
  • 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: 5
  • Countertops: Laminate
  • Floor Coverings: Carpet, Ceramic Tile, Wood
  • Foundation: Piling, Slab
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ensuite, Some Windows Treated, Washer Connection, 1st Flr Ensuite
  • Optional Rooms: Game Room, Sun/Florida Room, Shipswatch
  • Partial Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Parking: Paved, Under

Utilities

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

Lot Info

  • Estimated Lot Sq Ft: 7500
  • Lot Description: Corner, Level
  • Lot Number: Lot 12
  • Estimated Lot Size: 0.17
  • Deed Book: 2133

Rental Info

  • Est Annual Rental Income: 89385
  • Estimated Rental Performance: 0.0863
  • Lease Terms: Weekly
  • Rental Co: Joe Lamb Realty
  • Rental Cottage Name: The Blue Crab
  • Rental Cottage Number: 623
  • Rental Phone Number: 800-552-6257
  • Rental Turnover Day: Saturday
  • Rental Contact Email: dawn@joelambjr.com
  • Rental Contact Name: Dawn Landron
  • Rental Contact Phone: (252) 261-4444 x229

Building Info

  • Year Built: 2006

Tax Info

  • Year: 2022
  • Taxes: 2644.07

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2023
Closed on
Jun 9, 2023
Sold by
Bruchwalski Daniel and Bruchwalski Pamela
Bought by
Pool Christopher J and Pool Amy L
Seller's Agent
Heather McLay
Landmark Sotheby's International Realty
Buyer's Agent
Beth Dobney Garcia
Coldwell Banker Seaside Realty KH
List Price
$1,049,000
Sold Price
$1,036,000
Premium/Discount to List
-$13,000
-1.24%
Views
38
Current Estimated Value
$1,151,769

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,769
Avg. Annual Appreciation
4.86%
Original Mortgage
$345,000
Outstanding Balance
$336,504
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$815,265

Purchase Details

Closed on
Nov 18, 2005
Sold by
Cutchins James A and Cutchins Juanita M
Bought by
Mcclelland Michael P and Mcclelland Sharon H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$770,000
Interest Rate
6.1%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Pool Christopher J $1,036,000 None Listed On Document
Mcclelland Michael P $310,000 Chicago Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pool Christopher J $345,000
Previous Owner Bruchwalski Daniel $417,000
Previous Owner Mcclelland Michael P $684,000
Previous Owner Mcclelland Michael P $770,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2023 06/16/23 Sold $1,036,000 -1.2% $394 / Sq Ft
05/03/2023 05/03/23 Pending -- -- --
04/29/2023 04/29/23 For Sale $1,049,000 +81.6% $399 / Sq Ft
11/18/2016 11/18/16 Sold $577,500 -3.6% $215 / Sq Ft
09/20/2016 09/20/16 Pending -- -- --
09/12/2016 09/12/16 For Sale $599,000 -- $223 / 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 $4,185 $642,800 $247,500 $395,300
2023 $2,638 $658,612 $247,500 $411,112
2022 $2,638 $658,612 $247,500 $411,112
2021 $2,638 $658,612 $247,500 $411,112
2020 $2,638 $658,612 $247,500 $411,112
2019 $2,145 $441,300 $138,200 $303,100
2018 $2,145 $441,300 $138,200 $303,100
2017 $2,145 $441,300 $138,200 $303,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 122105

Outer Banks Association of REALTORS®

APN: 005382001