NOT LISTED FOR SALE

3116 S Memorial Ave Nags Head, NC 27959

Estimated Value: $576,000 - $2,958,201

3 Beds
2 Baths
1,152 Sq Ft
$1,378/Sq Ft Est. Value

Last Sold June 29, 2022

Last sale price $542,000 $470 Per Sq Ft

Est. 193% increase in value since last sale

Current estimated payment $8,869/month

9 Days on Market

Highlights

  • Rooftop Deck
  • Dumbwaiter
  • Furnished
  • Second Refrigerator
  • Beach Box Architecture
  • Garage

About This Home

As of June 2022

The house you have been waiting for, located in a desirable neighborhood in the heart of Nags Head. This is not your typical beach box. Very comfortable layout, walk into a bright morning/sun room. There is a flex/office room, nice sized dining area, kitchen with lots of cabinets including a built in pantry and counter space.  The kitchen has all LG stainless appliances (2019), 5 burner gas range, water filtration, and a garbage disposal. Enjoy conveniences such as a laundry chute, stair tamer, central vac, automatic hurricane shutters and propane tank less water heater. The HVAC is 2021. This home has an abundance of storage space. There is a two bay garage (11x23 each) one bay has a large attached storage/work room. The laundry room and garages can be accessed through a breezeway. You will also find an outdoor shower, sink and fish cleaning table. A shed is located in the back yard for even more storage. Original owner and only in a rental program for the first 8 years. Currently only rented to friends and family, this would make a great rental, 2nd home or year round home in a community oriented neighborhood. A short walk to Bladen St beach access (300 ft and no steps to climb), close to many local attractions such as Dowdy Park, YMCA, shopping, Nags Head Fishing Pier (home to Capt'n Andys), and restaurants such as Tortugas Lie, Lucky 12 and Surfin' Spoon all within 1000 ft. This meticulously maintained home is being sold "as is".

Last Agent to Sell the Property

Tamera Forshaw

Landmark Sotheby's International Realty License #295850 Listed on: 04/28/2022

Landmark Sotheby's International Realty

Last Buyer's Agent

John Leatherwood

Coldwell Banker Seaside Realty KH License #86507

Coldwell Banker Seaside Realty KH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,671

Year Built

  • Built in 1984

Lot Details

  • 7,500 Sq Ft Lot

Home Design

  • Beach Box Architecture
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 1,152 Sq Ft Home
  • Central Vacuum
  • Furnished
  • Ceiling Fan
  • Hurricane or Storm Shutters

Kitchen

  • Dumbwaiter
  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Garage Door Opener
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Rooftop Deck
  • Storage Shed

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Water Filtration System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Community Details

  • Nags Head Shores Subdivision

Listing and Financial Details

  • Legal Lot and Block lot#4 / 9

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,671

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Beach Box
  • Directions: From Rt 12 turn onto Bladen St, make a right onto S Memorial Ave. From the bypass turn onto E Bonnett St, make a right on S Memorial.
  • Extras: Ceiling Fan(s), Central Vacuum, Garage Door Opener, Outside Shower, Storage Shed, Water Filter, Dumbwaiter/Lift, Roof Top Deck
  • Flood Zone: X
  • Subdivision Name: NAGS HEAD SHORES AMENDED SEC 1
  • Headline: Ideal location in NH
  • Heated Sq Ft: 1152
  • L V T Date: 04/28/2022
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 1
  • Waterfront Location: 4 - lots from oceanfront (5th row)
  • Zoning: Res
  • Deed Book Pg Number: 0071
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C24769
  • 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, 2nd Refrigerator
  • Bedrooms: 3
  • Countertops: Laminate
  • Floor Coverings: Carpet, Vinyl
  • Foundation: Piling
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Ensuite
  • Optional Rooms: Pantry

Exterior Features

  • Construction: Frame
  • Exterior: Vinyl, Hurricane Shutters
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Garage: 2 Car
  • Parking: Off Street

Utilities

  • Cooling: Heat Pump
  • Heating: Forced Air
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Lot Info

  • Estimated Lot Sq Ft: 7500
  • Lot Number: lot#4
  • Estimated Lot Size: 0.17
  • Deed Book: 0374

Rental Info

  • Lease Terms: Weekly
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 1984

Tax Info

  • Year: 2021
  • Taxes: 2671

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2022
Closed on
Jun 29, 2022
Sold by
Alfieri Patrica L
Bought by
Mizell Ronald Stephen and Mizell Barbara S
Seller's Agent
Tamera Forshaw
Landmark Sotheby's International Realty
Buyer's Agent
John Leatherwood
Coldwell Banker Seaside Realty KH
List Price
$562,500
Sold Price
$542,000
Premium/Discount to List
-$20,500
-3.64%
Current Estimated Value
$1,587,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,045,400
Avg. Annual Appreciation
40.20%
Original Mortgage
$487,800
Outstanding Balance
$458,797
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$1,128,603
Source: Public Records

Range of Values:

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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
Mizell Ronald Stephen $2,710,000 Gray E Crouse
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mizell Ronald Stephen $487,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2022 06/29/22 Sold $542,000 -3.6% $470 / Sq Ft
05/07/2022 05/07/22 Pending -- -- --
04/28/2022 04/28/22 For Sale $562,500 -- $488 / 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 $2,836 $385,600 $210,000 $175,600
2023 $1,544 $385,600 $210,000 $175,600
2022 $1,544 $385,600 $210,000 $175,600
2021 $2,672 $385,600 $210,000 $175,600
2020 $1,544 $385,600 $210,000 $175,600
2019 $1,316 $280,000 $173,300 $106,700
2018 $860 $280,000 $173,300 $106,700
2017 $1,316 $280,000 $173,300 $106,700
2016 $1,204 $280,000 $173,300 $106,700
2014 $748 $280,000 $173,300 $106,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 118634

Outer Banks Association of REALTORS®

APN: 005348000