Seller's Agent in 2018
Mark Massey
Outer Banks Realty Group
(252) 202-4335
11 in this area
76 Total Sales
4208 S Virginia Dare Trail Nags Head, NC 27959
Estimated Value: $1,392,000 - $1,643,000
8
Beds
11
Baths
3,769
Sq Ft
$404/Sq Ft
Est. Value
Highlights
- Ocean Front
- Second Refrigerator
- Cathedral Ceiling
- In Ground Pool
- Coastal Architecture
- Wood Flooring
About This Home
As of May 2018Very popular vacation rental property, with great 2017 rental gross rental income of $109,000, $93,000 owners income, creating a lucrative 11.6% rental income ratio. True positive cash flow property!! Sturdy and high & dry, this "Casino Ridge" Semi-Oceanfront home offers superior wide open Ocean Views, a comfortable, well designed floorplan, with 8 bedroom, 8 full baths, 3 half baths, rec room, private pool, and ample decking. Bright open floorplan, wide open great room, with all the modern features, while enjoying the Historic Old Nags Head atmosphere. This home offers much better than average Semi-Oceanfront views, due to the higher elevation of the home, and the wide lots in this area, providing great ocean views from two levels. (Not subject to your typical tight row 50' wide oceanfront lots , large oceanfront homes, or hotel view obstructions) Features include all master bedrooms, oak hardwood floors in great room, hallways, and several bedrooms, oak stair treads, solid pine interior doors, tile flooring in kitchen and all baths, open bright great room, rec room with pool table & wet bar, all 8 master bedrooms, nice pool area with Tiki Bar, and extra wide decks on two levels, to spread out and soak in the views. Wider than your average 50' width home and lot. All in convenient and historical Nags Head location, walking distance to Jockey's Ridge and several restaurants and shops, utilizing the NH bike path if desired. This home is a fan favorite, easy to own, with proven rentals on the books! Secure this large, quality, great Ocean View property now, while interest rates are low.
Last Agent to Sell the Property
Outer Banks Realty Group License #188389 Listed on: 03/13/2018
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,834
Year Built
- Built in 2001
Lot Details
- 0.29 Acre Lot
- Lot Dimensions are 50 x 250
- Ocean Front
Parking
- Tuck Under Parking
Home Design
- Coastal Architecture
- Reverse Style Home
- Slab Foundation
- Frame Construction
- Asphalt Shingled Roof
- Lap Siding
- Piling Construction
- Cement Board or Planked
Interior Spaces
- 3,769 Sq Ft Home
- Wet Bar
- Furnished
- Cathedral Ceiling
- Ceiling Fan
- Gas Fireplace
- Window Treatments
- Entrance Foyer
- Game Room
- Ocean Views
Kitchen
- Oven or Range
- Microwave
- Second Refrigerator
- Ice Maker
- Second Dishwasher
Flooring
- Wood
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- En-Suite Primary Bedroom
- Walk-In Closet
Laundry
- Dryer
- Washer
Pool
- In Ground Pool
- Outdoor Pool
- Spa
- Outdoor Shower
Outdoor Features
- Sun Deck
- Covered Deck
- Tiki or Chickee Hut
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Municipal Utilities District Water
- Private or Community Septic Tank
Community Details
- Old Hotel Lots Subdivision
Listing and Financial Details
- Tax Lot # 72
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 2, 2023
Sold by
Walter Merson Glenn and Watson Tricia
Bought by
Merson Investments Llc
Current Estimated Value
Purchase Details
Closed on
Oct 19, 2022
Sold by
Merson Investments Llc
Bought by
Merson Glenn Walter and Merson Tricia Watson
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$566,000
Interest Rate
5.96%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 25, 2022
Sold by
Watson Thomas E and Merson Glenn W
Bought by
Merson Investments Llc
Purchase Details
Listed on
Mar 13, 2018
Closed on
May 14, 2018
Sold by
Michael Gregory L and Michael Lisa
Bought by
Watson Thomas E and Merson Glenn W
Seller's Agent
Mark Massey
Outer Banks Realty Group
Buyer's Agent
Daniel Fenyak
Outer Banks Blue Realty Srvcs.
List Price
$799,000
Sold Price
$765,000
Premium/Discount to List
-$34,000
-4.26%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.00%
Original Mortgage
$588,000
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 16, 2005
Sold by
Nguyen Tuong Anh and Nguyen Tuong Karine
Bought by
Michael Gregory L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$888,000
Interest Rate
5.5%
Mortgage Type
Assumption
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Merson Investments Llc | -- | None Listed On Document | |
| Merson Glenn Walter | -- | -- | |
| Merson Investments Llc | -- | None Listed On Document | |
| Watson Thomas E | $765,000 | -- | |
| Michael Gregory L | $1,110,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Merson Glenn Walter | $566,000 | |
| Previous Owner | Watson Thomas E | $588,000 | |
| Previous Owner | Michael Gregory L | $888,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/15/2018 05/15/18 | Sold | $765,000 | -4.3% | $203 / Sq Ft |
| 04/11/2018 04/11/18 | Pending | -- | -- | -- |
| 03/13/2018 03/13/18 | For Sale | $799,000 | -- | $212 / 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 | $6,787 | $842,300 | $276,300 | $566,000 |
| 2023 | $3,464 | $864,940 | $276,300 | $588,640 |
| 2022 | $3,464 | $864,940 | $276,300 | $588,640 |
| 2021 | $3,464 | $864,940 | $276,300 | $588,640 |
| 2020 | $5,867 | $864,940 | $276,300 | $588,640 |
| 2017 | $3,575 | $735,800 | $239,500 | $496,300 |
| 2016 | $3,271 | $735,800 | $239,500 | $496,300 |
| 2014 | $5,336 | $735,800 | $239,500 | $496,300 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2018
Daniel Fenyak
Outer Banks Blue Realty Srvcs.
(252) 256-1818
24 in this area
114 Total Sales
Map
Source: Outer Banks Association of REALTORS®
MLS Number: 99631
APN: 008548000
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