NOT LISTED FOR SALE

300 E Albatross St Nags Head, NC 27959

Nags Head Area
3 Beds
3 Baths
2,000 Sq Ft
0.25 Acre Lot

Sale Details

Date Sold: October 2, 2017

Last sale price $392,873 $196 Per Sq Ft

108 Days on Market

Highlights

  • Coastal Architecture
  • Garage
  • Lap Siding
  • Corner Lot
  • Covered Deck
  • Carpet

About This Home

As of October 2017

Amazing income producing property with three separate apartments, all with individual garages and just steps away from the beach access. Located at the corner of Memorial and Albatross Streets, these apartments are all 1 bedroom, 1 bath units. The living room, dining, kitchen area opens onto a wide covered front porch. Each unit currently rents for $900/month and are always in demand because of the awesome location and separate garage. Kitchens are equiped with full size range and refrigerator. Recent updates include attention to the roof, all new windows, new hot water heaters, new bathroom vent fans. and installation of fireproof ceilings in the garages and walls of the 2 interior stairwells. New apartment doors were installed, along with deadbolts. Tenants supply their own washer and dryers and are installed in the garage. Updated porch used stainless hardware and was done with permits and inspections from the town.

Co-Listed By

Dru Ferrence

Basnight Realty License #174208

Last Buyer's Agent

Jackie Freed

Outer Banks Realty Group License #201924

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,629

Year Built

  • Built in 1977

Lot Details

  • 11,000 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • Coastal Architecture
  • Traditional Architecture
  • Masonry Perimeter Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Shake Siding
  • Masonry

Interior Spaces

  • 2,000 Sq Ft Home
  • Carpet
  • Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Parking

  • Garage
  • Carport
  • Tuck Under Parking
  • Off-Street Parking

Outdoor Features

  • Covered Deck

Utilities

  • Heating Available
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Community Details

  • Nags Head Shores Subdivision

Listing and Financial Details

  • Legal Lot and Block 15 PT 14 / 5

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,629

Year Built

Built in 1977

Lot Details

0.25 Acres

Listing Details

  • Class: RESIDENTIAL
  • Style: Traditional, Coastal
  • Directions: East on Eighth St., South on S. Memorial Ave, East on E. Albatross, House on left.
  • Extras: Covered Decks
  • Flood Zone: AE
  • Subdivision Name: NAGS HEAD SHORES AMENDED SEC 4
  • Headline: 3 UNIT LONG-TERM RENTAL
  • Heated Sq Ft: 2000
  • L V T Date: 05/13/2017
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 4
  • Waterfront Location: 3 - lots from oceanfront (4th row)
  • Zoning: Res
  • Deed Book Pg Number: 241
  • Office License Number: C26996
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Bedrooms: 3
  • Floor Coverings: Carpet
  • Foundation: Masonry
  • Full Bathrooms: 3

Exterior Features

  • Construction: Frame, Masonry, Wood
  • Exterior: Lap Siding, Shakes
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 75

Garage/Parking

  • Garage: 3 + Car, Attached
  • Garage Sq Ft: 2000
  • Parking: Paved, Off Street, Under

Utilities

  • Heating: Electric
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Condo/Co-op/Association

  • Home Owner Dwelling Insurance: 3825

Lot Info

  • Estimated Lot Sq Ft: 11000
  • Lot Description: Corner, Level
  • Lot Number: Lot 15 PT 14
  • Deed Book: 1800

Rental Info

  • Est Annual Rental Income: 32400
  • Estimated Rental Performance: 0.0825
  • Flood Expenses: 998
  • Lease Terms: 1 Year
  • Maintenance Expenses: 700
  • Rental Co: Jim Perry and Company
  • Rental Phone Number: 252-480-4644

Building Info

  • Year Built: 1977

Tax Info

  • Year: 2017
  • Taxes: 2629.28

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2017
Closed on
Oct 2, 2017
Sold by
Hamilton Kenneth M and Hamilton Brenda J
Bought by
Buyer's Agent
Jackie Freed
Outer Banks Realty Group
List Price
$490,000
Sold Price
$392,873
Premium/Discount to List
-$97,127
-19.82%

Purchase Details

Closed on
Apr 17, 2009
Sold by
Hamilton Kenneth M and Hamilton Brenda J
Bought by
Hamilton Kenneth M and Hamilton Brenda J
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$385,000 None Available
Hamilton Kenneth M -- None Available
Hamilton Kenneth M -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $268,000
Closed Bruce William I $281,400
Previous Owner Hamilton Realty Trust $264,000
Previous Owner Hamilton Brenda J $105,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/02/2017 10/02/17 Sold $392,873 -6.5% $196 / Sq Ft
08/27/2017 08/27/17 Pending -- -- --
08/25/2017 08/25/17 Price Changed $420,000 -14.3% $210 / Sq Ft
05/11/2017 05/11/17 For Sale $490,000 -- $245 / Sq Ft
Source: Outer Banks Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,769 $749,700 $441,000 $308,700
2024 $1,415 $415,400 $257,300 $158,100
2023 $1,415 $421,724 $257,300 $164,424
2022 $1,234 $421,724 $257,300 $164,424
2021 $1,692 $421,724 $257,300 $164,424
2020 $1,689 $421,724 $257,300 $164,424
2019 $1,646 $342,800 $194,300 $148,500
2018 $1,611 $342,800 $194,300 $148,500
2017 $1,611 $342,800 $194,300 $148,500
2016 $1,474 $342,800 $194,300 $148,500
2014 $2,389 $342,800 $189,400 $153,400
Source: Public Records

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 96401

Outer Banks Association of REALTORS®
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