Seller's Agent in 2023
John Leatherwood
Coldwell Banker Seaside Realty KH
(252) 202-3834
25 in this area
146 Total Sales
3501 S Virginia Dare Trail Nags Head, NC 27959
Estimated Value: $2,211,000 - $3,156,000
8
Beds
8
Baths
4,104
Sq Ft
$644/Sq Ft
Est. Value
Highlights
- Beach Front
- Home Theater
- Rooftop Deck
- Ocean View
- Concrete Pool
- 0.46 Acre Lot
About This Home
As of February 2023INCREDIBLE $309,847 RENTS YTD 2022 ... This is a 12% RETURN!!! *** EXCELLENT CASH FLOW! *** SWIM UP TIKI BAR & AWESOME HEATED POOL * ELEVATOR * JOSHUA'S TIKI HUT IS AN 8 BEDROOM OCEANFRONT IN NAGS HEAD W/ TROPICAL GORGEOUS LANDSCAPING * Tax Plat shows Land Dimensions: 50 feet by 410 feet *** Located Milepost 11.8 approx. on the Beach Road *** Lush Island Landscaping w/ Volley Ball Court * Big Driveway for plenty of Guest and Family Parking *** MULTIPLE En Suite Master BR's w/ Full Baths (6 Full Baths and 2 Half Baths) * Primary Powder Room just off the Great Room for guests *** Starting on the Top Level 3 - You will love the Large Open Great Room - with Tile Flooring w/ Custom Interior Finishes and Furnishings * Cozy Kitchen w Double Refrigerators * High Ceilings, Tahiti Ceiling Fans, Gas Fireplace w/ Built in Entertainment Center * No Matter where you are in the Great Room you have a Fabulous Ocean View! * Check out the Porch just past the Power Room - Great Space for Privacy * North side Main En suite Bedroom w/ 2nd FIREPLACE w/ spacious Full Bath & Private Oceanfront Sundeck * Expansive rear Sun Deck off Great Room - great space to Entertain or to just enjoy the nearly 180-degree Ocean Views, the smell of the salt in the air & the gentle waves releasing on the Beach! *** Level 2 Features Multiple En suite Master Bedrooms w Full Baths & Oceanside Deck the width of the home - with access from the bedrooms * Main Front Entry Foyer mid-level between Level 1 and 2 * Level 1 Features a Huge Open Great Room with tile floor, Kitchenette, Pool Table, Theater Room w/ Bar Seating! Sliders out to FABULOUS TIKI BAR (DOUBLE LAUNDRY LOCATIONS) *** Custome 2 Level Hot Tub/ Concrete Heated Pool w/ Tile Coping w/ SWIM UP to HUGE TIKI BAR * HUGE HOT TUB ON ROOF OVEER TIKI BAR AND ACCESSIBLE FROM MID-LEVEL DECK/BEDROOMS - PRIVATE & YET OPEN *** Home Rents w Pets - there is a dedicated pet area on the east side of the Pool w/ green grass *** You will want to head out past the pool gate to the Dune - Check out the Dune Top Platform Sun Deck - what a great place to take in the beach & the View or sit out on a starry night - the Constellations & The Milkey Way will WOW you as will the SUNRISES OVER THE OCEAN ... a great place to have your morning Coffee! *** Just South of Nags Head Pier * Close to all kinds of shopping, restaurants, and Family Fun ... miniature Golf, go karts, Wright Brothers Monument, Jockey's Ridge, Pirates Cove & Oregon Inlet Fishing Centers, Downtown Manteo & so much more! *** Joshua's Tiki Hut is offered fully furnished (with only exclusions of owner locked closet items, artificial plants and throw rugs) *** JOSHUA'S TIKI HUT is (and has been) a STRONG RENTAL INCOME PRODUCING INVESTMENT ... See Rental Company Beach Realty K1213 Joshua's Tiki Hut Photos & Description at rental Website Link: https://www.beachrealtync.com/outer-banks-rentals/joshuas-tiki-hut *** 2021 Owner Rents totaled $286,926 *** 2022 Rents are $309,847 ... A 12% RETURN! *** 2023 is Booking now! *** Owner projecting 2023 rents will be stronger in 2023 *** You will Love this Oceanfront Home ... Come see!
Last Agent to Sell the Property
Coldwell Banker Seaside Realty KH License #86507 Listed on: 07/13/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $12,066
Year Built
- Built in 2003
Lot Details
- 0.46 Acre Lot
- Lot Dimensions are 50 x 410
- Beach Front
- 50 Feet of Waterfront
- Fenced Yard
- Landscaped
- Level Lot
- Sprinkler System
- Property is zoned CR
Home Design
- Coastal Architecture
- Contemporary Architecture
- Cottage
- Reverse Style Home
- Slab Foundation
- Frame Construction
- Asphalt Shingled Roof
- Shake Siding
- Piling Construction
- Vinyl Construction Material
Interior Spaces
- 4,104 Sq Ft Home
- Elevator
- Furnished
- Cathedral Ceiling
- Ceiling Fan
- Gas Fireplace
- Window Treatments
- Home Theater
- Game Room
- Ocean Views
- Fire and Smoke Detector
Kitchen
- Oven or Range
- Microwave
- Second Refrigerator
- Ice Maker
- Second Dishwasher
- Laminate Countertops
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- En-Suite Primary Bedroom
- Hydromassage or Jetted Bathtub
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- Garage
- Carport
- Tuck Under Parking
- Off-Street Parking
Accessible Home Design
- Handicap Accessible
Pool
- Concrete Pool
- Heated In Ground Pool
- Outdoor Pool
- Spa
- Outdoor Shower
Outdoor Features
- Sun Deck
- Rooftop Deck
- Covered Deck
- Exterior Lighting
- Tiki or Chickee Hut
Utilities
- Zoned Heating and Cooling
- Heat Pump System
- Municipal Utilities District Water
- Fuel Tank
- Private or Community Septic Tank
Listing and Financial Details
- Tax Lot A
Community Details
Overview
- Geo T Stronach Subdivision
Recreation
- Community Boardwalk
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 30, 2024
Sold by
Bhatia Anil and Bhatia Madhu
Bought by
3501 Obx Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,802,500
Outstanding Balance
$1,781,703
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$920,762
Purchase Details
Listed on
Jul 13, 2022
Closed on
Feb 3, 2023
Sold by
Joshuas Tiki Hut Llc
Bought by
Bhatia Anil and Bhatia Madhu
Seller's Agent
John Leatherwood
Coldwell Banker Seaside Realty KH
Buyer's Agent
Martha Ann Hathcock
SAGA Realty and Construction
List Price
$2,999,500
Sold Price
$2,575,000
Premium/Discount to List
-$424,500
-14.15%
Views
10
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.85%
Original Mortgage
$1,802,500
Interest Rate
5.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 28, 2009
Sold by
Parson Julia H and Velazco Rogelio M
Bought by
Joshs Tiki Hut Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,500
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 20, 2006
Sold by
Joshs Tiki Hut Llc
Bought by
Parson Julia H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
6.52%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 3501 Obx Llc | -- | None Listed On Document | |
| Bhatia Anil | $15,450,000 | None Listed On Document | |
| Joshs Tiki Hut Llc | -- | None Available | |
| Parson Julia H | -- | None Available | |
| Parson Julia H | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Bhatia Anil | $1,802,500 | |
| Previous Owner | Parson Julia H | $556,500 | |
| Previous Owner | Parson Julia H | $575,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/10/2023 02/10/23 | Sold | $2,575,000 | -3.7% | $627 / Sq Ft |
| 01/01/2023 01/01/23 | Pending | -- | -- | -- |
| 12/15/2022 12/15/22 | Price Changed | $2,675,000 | -2.7% | $652 / Sq Ft |
| 11/12/2022 11/12/22 | Price Changed | $2,750,000 | -5.1% | $670 / Sq Ft |
| 09/05/2022 09/05/22 | Price Changed | $2,899,000 | -3.4% | $706 / Sq Ft |
| 07/28/2022 07/28/22 | For Sale | $2,999,500 | 0.0% | $731 / Sq Ft |
| 07/28/2022 07/28/22 | Pending | -- | -- | -- |
| 07/13/2022 07/13/22 | For Sale | $2,999,500 | -- | $731 / Sq Ft |
Source: Outer Banks Association of REALTORS®
Tax History Compared to Growth
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 | $7,324 | $1,417,900 | $783,000 | $634,900 |
| 2023 | $7,324 | $1,443,296 | $783,000 | $660,296 |
| 2022 | $5,780 | $1,443,296 | $783,000 | $660,296 |
| 2021 | $5,780 | $1,443,296 | $783,000 | $660,296 |
| 2020 | $11,239 | $1,443,296 | $783,000 | $660,296 |
| 2019 | $5,350 | $1,111,200 | $568,900 | $542,300 |
| 2018 | $5,487 | $1,111,200 | $568,900 | $542,300 |
| 2017 | $5,350 | $1,111,200 | $568,900 | $542,300 |
| 2016 | $4,895 | $1,111,200 | $568,900 | $542,300 |
| 2014 | $4,895 | $1,108,700 | $568,900 | $539,800 |
Source: Public Records
Agents Affiliated with this Home
-
John Leatherwood
-
Debbie Knieper
Seller Co-Listing Agent in 2023
Debbie Knieper
Coldwell Banker Seaside Realty KH
(252) 202-9013
22 in this area
117 Total Sales
-
Martha Ann Hathcock
Buyer's Agent in 2023
Martha Ann Hathcock
SAGA Realty and Construction
(804) 920-4459
5 in this area
39 Total Sales
Map
Source: Outer Banks Association of REALTORS®
MLS Number: 119688
APN: 007606001
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