NOT LISTED FOR SALE

3625 S Virginia Dare Trail Nags Head, NC 27959

Estimated Value: $1,147,000 - $1,936,000

3 Beds
2.5 Baths
2,200 Sq Ft
$716/Sq Ft Est. Value

Last Sold November 21, 2013

Last sale price $700,000 $318 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $9,435/month

98 Days on Market

Highlights

  • Beach Front
  • 29,285 Sq Ft lot
  • Furnished
  • Ocean View
  • Contemporary Architecture
  • Beamed Ceilings

About This Home

As of November 2013

This cottage is nestled on a huge 75' oceanfront lot in historic Nags Head. The homes nearby are some of the oldest on the Outer Banks. Wide beach with a vegetated dune. Open floor plan home is perfect for the investor looking to use a home for a few years while planning the construction of a new home. Highest and best use is an 8 bedroom home with a pool and elevator--according to property managers income should be $200k/year. According to my investment analysis, there should be 11% GRI. Current home has a GIANT oceanfront deck and gazebo. Panaramix views of the Atlantic ocean and Jockeys Ridge. This is a second home that hasn't been rented. Bathrooms have both been renovated, and one bedroom has been renovated. Newer siding and hvac. Parcel consist of Lot 39, 144, 1/2 of lot 38 & 143. Lawn mower does not convey.

Last Agent to Sell the Property

Cooper Hawk

Outer Banks Realty Group License #229028 Listed on: 07/19/2013

Last Buyer's Agent

Alex Argiroff

Keller Williams - Outer Banks License #176145

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,800

Year Built

  • Built in 1969

Lot Details

  • 0.67 Acre Lot
  • Lot Dimensions are 75x391
  • Beach Front
  • 75 Feet of Waterfront
  • Level Lot

Home Design

  • Contemporary Architecture
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 2,200 Sq Ft Home
  • Furnished
  • Beamed Ceilings
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • Tuck Under Parking
  • Paved Parking

Outdoor Features

  • Sun Deck
  • Gazebo

Utilities

  • Heat Pump System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Listing and Financial Details

  • Tax Lot lots 39,144

Community Details

Overview

  • Geo T Stronach Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,800

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary
  • Directions: Just south of Hollowell in NH
  • Extras: Beach Access, Boardwalk to Beach, Gazebo, Sun Deck
  • Flood Zone: VE
  • Headline: 75 foot oceanfront, 29k sf
  • Heated Sq Ft: 2200
  • Phase: `
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: res
  • Deed Book Pg Number: 209
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 3
  • Countertops: Laminate
  • Floor Coverings: Carpet, Vinyl
  • Foundation: Piling
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: Beamed Ceiling(s)
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Vinyl
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 75
  • View: Ocean
  • Water Frontage: 75

Garage/Parking

  • Garage: Attached
  • Parking: Paved, Under

Utilities

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

Lot Info

  • Estimated Lot Sq Ft: 29285
  • Lot Description: Beach Frontage, Level
  • Lot Faces: E
  • Lot Size: 75x391
  • Lot Number: lots 39,144
  • Deed Book: 1858

Building Info

  • Year Built: 1969

Tax Info

  • Year: 2012
  • Taxes: 7800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2013
Closed on
Nov 21, 2013
Sold by
Trout Barbara A
Bought by
Oaksmith Colleen
Seller's Agent
Cooper Hawk
Outer Banks Realty Group
Buyer's Agent
Alex Argiroff
Keller Williams - Outer Banks
List Price
$750,000
Sold Price
$700,000
Premium/Discount to List
-$50,000
-6.67%
Current Estimated Value
$1,574,598

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$874,598
Avg. Annual Appreciation
7.16%
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
Oaksmith Colleen $700,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2013 11/21/13 Sold $700,000 -6.7% $318 / Sq Ft
10/25/2013 10/25/13 Pending -- -- --
07/19/2013 07/19/13 For Sale $750,000 -- $341 / 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 $9,766 $1,100,300 $945,000 $155,300
2023 $4,407 $1,100,300 $945,000 $155,300
2022 $4,407 $1,100,300 $945,000 $155,300
2021 $4,407 $1,100,300 $945,000 $155,300
2020 $4,378 $1,093,200 $945,000 $148,200
2019 $3,641 $774,700 $678,600 $96,100
2018 $3,641 $774,700 $678,600 $96,100
2017 $3,641 $774,700 $678,600 $96,100
2016 $3,331 $774,700 $678,600 $96,100
2014 $3,913 $780,300 $678,600 $101,700
Source: Public Records

Agents Affiliated with this Home

  • Cooper Hawk

    Seller's Agent in 2013

    Cooper Hawk

    Outer Banks Realty Group

    (252) 202-4019

    3 in this area

    43 Total Sales

    Section Image
  • Alex Argiroff

    Buyer's Agent in 2013

    Alex Argiroff

    Keller Williams - Outer Banks

    (252) 202-8148

    13 in this area

    171 Total Sales

    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 79912

Outer Banks Association of REALTORS®

APN: 007583000

North Carolina Dare County Nags Head 27959

3625 S Virginia Dare Trail, Nags Head, NC

This home is located at 3625 S Virginia Dare Trail, Nags Head, NC 27959 since 19 July 2013 and is currently estimated at $1,574,598, approximately $715 per square foot. This property was built in 1969. 3625 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.

Outer Banks Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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