3623 S Virginia Dare Trail Nags Head, NC 27959
3
Beds
2
Baths
1,701
Sq Ft
0.45
Acres
Highlights
- Beach Front
- 19,723 Sq Ft lot
- Gazebo
- Ocean View
- Furnished
- Garage
About This Home
As of December 2020Classic Nags Head oceanfront cottage with a great dune and wide beach. Built by the current owners' father in 1948, this has been in the Phelps family for 64 years. Its been well cared for. Its the perfect size beach getaway. Lots of deck space for outdoor entertaining and sun bathing. The lot has plenty of room for a pool. Open floorplan home that was remodeled in 1987. New roof in 2010, new dune top gazebo in 2009, new heat pump in 2011. Total tax assessment is $1.13M. Convenient location to restaurants, shopping, and entertainment. Walk to Jockey's Ridge. Rentals would hit $40k if owner didn't use in summer. The lot is large enough to build a 7 bedroom home, if in the future you raze this home.
Last Agent to Sell the Property
Outer Banks Realty Group License #229028 Listed on: 10/02/2012
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,077
Year Built
- Built in 1948
Lot Details
- 0.45 Acre Lot
- Lot Dimensions are 51x399
- Beach Front
- 50 Feet of Waterfront
- Level Lot
Home Design
- Asphalt Shingled Roof
- Wood Siding
- Piling Construction
Interior Spaces
- 1,701 Sq Ft Home
- Furnished
- Ceiling Fan
- Ocean Views
Kitchen
- Oven or Range
- Microwave
- Ice Maker
- Dishwasher
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- Garage
- Carport
- Off-Street Parking
Outdoor Features
- Sun Deck
- Covered Deck
- Gazebo
Utilities
- Forced Air Heating and Cooling System
- Heat Pump System
- Municipal Utilities District Water
- Private or Community Septic Tank
Community Details
- Geo T Stronach Subdivision
Listing and Financial Details
- Tax Lot lots 40 &145
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 24, 2019
Closed on
Dec 9, 2020
Sold by
Penn Carleton and The Penn Family Trust
Bought by
Johnson Carl David and Johnson Nadeen Lee
Seller's Agent
Jeff Scott
Scott Team Realty
Buyer's Agent
Vanessa Watson
Coastal Carolina Vacations
List Price
$750,000
Sold Price
$781,502
Premium/Discount to List
$31,502
4.2%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$493,563
Avg. Annual Appreciation
10.78%
Original Mortgage
$625,201
Outstanding Balance
$560,135
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$699,334
Purchase Details
Listed on
Oct 2, 2012
Closed on
Apr 29, 2013
Sold by
Phelps John F and Phelps Christine R
Bought by
Penn Carleton and Penn Family Trust
Seller's Agent
Cooper Hawk
Outer Banks Realty Group
Buyer's Agent
Jeff Scott
Scott Team Realty
List Price
$649,000
Sold Price
$605,000
Premium/Discount to List
-$44,000
-6.78%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.39%
Original Mortgage
$417,000
Interest Rate
3.65%
Mortgage Type
New Conventional
Similar Homes in Nags Head, NC
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $782,000 | First American Mortgage Sln | |
| Warranty Deed | $605,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $625,201 | New Conventional | |
| Previous Owner | $417,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/10/2020 12/10/20 | Sold | $781,502 | +4.2% | $480 / Sq Ft |
| 10/26/2020 10/26/20 | Pending | -- | -- | -- |
| 10/23/2020 10/23/20 | For Sale | $750,000 | 0.0% | $461 / Sq Ft |
| 10/23/2020 10/23/20 | Price Changed | $750,000 | -4.0% | $461 / Sq Ft |
| 10/07/2020 10/07/20 | Off Market | $781,502 | -- | -- |
| 04/18/2020 04/18/20 | For Sale | $775,000 | -0.8% | $476 / Sq Ft |
| 03/18/2020 03/18/20 | Off Market | $781,502 | -- | -- |
| 10/24/2019 10/24/19 | For Sale | $775,000 | +28.1% | $476 / Sq Ft |
| 04/08/2013 04/08/13 | Sold | $605,000 | -6.8% | $356 / Sq Ft |
| 02/03/2013 02/03/13 | Pending | -- | -- | -- |
| 10/02/2012 10/02/12 | For Sale | $649,000 | -- | $382 / 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 | $7,555 | $844,700 | $756,000 | $88,700 |
| 2023 | $3,381 | $844,296 | $756,000 | $88,296 |
| 2022 | $3,381 | $844,296 | $756,000 | $88,296 |
| 2021 | $3,380 | $843,568 | $756,000 | $87,568 |
| 2020 | $3,378 | $843,568 | $756,000 | $87,568 |
| 2019 | $2,946 | $622,700 | $538,900 | $83,800 |
| 2018 | $2,948 | $622,700 | $538,900 | $83,800 |
| 2017 | $2,948 | $622,700 | $538,900 | $83,800 |
| 2016 | $2,696 | $622,700 | $538,900 | $83,800 |
| 2014 | $5,846 | $622,700 | $538,900 | $83,800 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2020
Jeff Scott
Scott Team Realty
(252) 207-5272
17 in this area
101 Total Sales
-
Buyer's Agent in 2020
Vanessa Watson
Coastal Carolina Vacations
(252) 202-8181
12 in this area
33 Total Sales
-
Seller's Agent in 2013
Cooper Hawk
Outer Banks Realty Group
(252) 202-4019
3 in this area
43 Total Sales
Map
Source: Outer Banks Association of REALTORS®
MLS Number: 76482
APN: 007584000
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