NOT LISTED FOR SALE

3401 S Virginia Dare Trail Nags Head, NC 27959

Estimated Value: $1,539,000 - $1,909,000

6 Beds
5 Baths
2,951 Sq Ft
$567/Sq Ft Est. Value

Last Sold September 25, 2020

Last sale price $945,000 $320 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $9,510/month

11 Days on Market

Highlights

  • Beach Front
  • In Ground Pool
  • Cathedral Ceiling
  • Ocean View
  • Coastal Architecture
  • Furnished

About This Home

As of September 2020

Calling all investors who are looking for a RENTAL MACHINE! Angel's Landing is generating an 11% G.R.O.I for 2020 and that's with the sellers limiting the rental calendar. Open the entire year and the potential is endless. This 6 bedroom 5 bath home has $106,000 YTD and consistently rents mid to high $90,000. You'll love the great location in the heart of Nags Head adjacent to the Nags Head Fishing Pier a local's favorite spot for surfing (awesome surf break), fishing, and dining. Some key features, besides rental income, are the following: home sits on a long deep lot, low maintenance vinyl siding,14x33 private pool on the oceanside, hot tub on 2nd level, upgraded interior features, amazing ocean views, and vegetated dune. Recent upgrades: New Certainteed vinyl siding and new roof installed in 2019, Hot Water Heater 2018, granite countertops, new baths, flat screen TV's, & Sectional Couch 2017. Top Level boasts; open great room with a wall of windows on 3 sides capturing lots of natural light and the tremendous ocean views, 51" flat screen tv, kitchen is updated with newer stainless steel appliances, granite countertops, and breakfast bar for additional seating, game room with billiard table, and shared full bath. Mid Level: 4 bedrooms - Two of which are oceanfront masters with private access to oceanside decks and hot tub. Two additional bedrooms, both have private access to a sunset deck, shared full bath and washer/dryer. Ground Level: 2 bedrooms, shared full bath, ground level dry entry, and 14x33 private pool. Walking distance to restaurants and shopping located at milepost 11.5. Please view short property video copy and paste link below: https://my.matterport.com/show/?m=r3R54BXebVo&brand=0 To view aerial video copy and paste link below: https://youtu.be/EhKL7IL42IQ

Last Agent to Sell the Property

Heather VanderMyde

Coldwell Banker Seaside Realty - KDH License #207518 Listed on: 07/17/2020

Coldwell Banker Seaside Realty - KDH

Last Buyer's Agent

Trisha Midgett

Midgett Realty - Rodanthe License #162204

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,036

Year Built

  • Built in 1996

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 50x412
  • Beach Front
  • 53 Feet of Waterfront
  • Level Lot

Home Design

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

Interior Spaces

  • 2,951 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Game Room
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom
  • 5 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Tuck Under Parking

Pool

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

Utilities

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

Community Details

  • Pier One Subdivision

Listing and Financial Details

  • Tax Lot #1

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,036

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Directions: Just south of Nags Head Pier
  • Extras: Hot Tub, Outside Shower
  • Flood Zone: VE
  • Headline: Siding & Roof 2019 /11%ROI
  • Heated Sq Ft: 2951
  • L V T Date: 07/17/2020
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: RES
  • Advertised Income 2020: 102130
  • Deed Book Pg Number: 0161
  • Destination Commerce Corp: Yes
  • Office License Number: C7166
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 6
  • Countertops: Solid Surface
  • Floor Coverings: Carpet, Tile, Wood Laminate
  • Foundation: Piling, Slab
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Ensuite, Washer Connection
  • Optional Rooms: Game Room

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Lap Siding, Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Fiberglass, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 50
  • View: Ocean
  • Water Frontage: 53

Garage/Parking

  • Garage: 2 Car, Carport
  • Parking: Paved, Under

Utilities

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

Lot Info

  • Estimated Lot Sq Ft: 14000
  • Lot Description: Beach Frontage, Level, Water Frontage
  • Lot Faces: W
  • Lot Size: 50x412
  • Lot Number: Lot #1
  • Estimated Lot Size: 0.32
  • Deed Book: 1862

Rental Info

  • Est Annual Rental Income: 106000
  • Estimated Rental Performance: 0.1122
  • Lease Terms: Weekly
  • Rental Co: Sun Realty
  • Rental Cottage Name: Angels Landing
  • Rental Cottage Number: 488
  • Rental Phone Number: 252-441-7033
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 1996

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2019
  • Taxes: 9036.36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 15, 2024
Sold by
Spraberry Carlton W and Sayer Cheryl L
Bought by
Hellmann William John and Heilmann Kelly Jean
Current Estimated Value
$1,672,711

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,275,000
Outstanding Balance
$1,261,618
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$446,065

Purchase Details

Listed on
Jul 17, 2020
Closed on
Sep 15, 2020
Sold by
Fromberg Edward P and Fromberg Renee S
Bought by
Spraberry Carlton W and Sawyer Cheryl L
Seller's Agent
Heather VanderMyde
Coldwell Banker Seaside Realty - KDH
Buyer's Agent
Trisha Midgett
Midgett Realty - Rodanthe
List Price
$954,900
Sold Price
$945,000
Premium/Discount to List
-$9,900
-1.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.54%
Original Mortgage
$94,500
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 2, 2005
Sold by
Fromberg Edward P and Fromberg Renee S
Bought by
Fromberg Edward P and Fromberg Renee S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Hellmann William John $1,700,000 None Listed On Document
Spraberry Carlton W $945,000 None Available
Fromberg Edward P -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hellmann William John $1,275,000
Previous Owner Spraberry Carlton W $756,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2020 09/25/20 Sold $945,000 -1.0% $320 / Sq Ft
07/28/2020 07/28/20 Pending -- -- --
07/17/2020 07/17/20 For Sale $954,900 -- $324 / 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 $7,704 $945,200 $637,500 $307,700
2023 $4,827 $957,508 $637,500 $320,008
2022 $3,835 $957,508 $637,500 $320,008
2021 $3,828 $955,740 $637,500 $318,240
2020 $3,828 $955,740 $637,500 $318,240
2019 $4,415 $923,600 $609,000 $314,600
2018 $4,415 $923,600 $609,000 $314,600
2017 $4,415 $923,600 $609,000 $314,600
2016 $4,039 $923,600 $609,000 $314,600
2014 $8,743 $923,600 $609,000 $314,600
Source: Public Records

Agents Affiliated with this Home

  • Heather VanderMyde

    Seller's Agent in 2020

    Heather VanderMyde

    Coldwell Banker Seaside Realty - KDH

    (252) 202-2375

    49 in this area

    415 Total Sales

    Heather VanderMyde
    Section Image
  • Trisha Midgett

    Buyer's Agent in 2020

    Trisha Midgett

    Midgett Realty - Rodanthe

    (252) 996-0124

    53 in this area

    1,245 Total Sales

    Trisha Midgett
    Section Image

  • M

    Buyer Co-Listing Agent in 2020

    Michael Milteer

    Midgett Realty - Rodanthe

    (757) 653-4878

    19 in this area

    189 Total Sales

    Michael Milteer
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 110147

Outer Banks Association of REALTORS®

APN: 007618000

North Carolina Dare County Nags Head 27959

3401 S Virginia Dare Trail, Nags Head, NC

This home is located at 3401 S Virginia Dare Trail, Nags Head, NC 27959 since 17 July 2020 and is currently estimated at $1,672,711, approximately $566 per square foot. This property was built in 1996. 3401 S Virginia Dare Trail is a home located in Dare County with nearby schools including Nags Head Elementary School, Manteo Middle School, and Manteo High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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