NOT LISTED FOR SALE

4605 S Virginia Dare Trail Nags Head, NC 27959

Estimated Value: $2,019,000 - $2,891,000

5 Beds
5.5 Baths
3,560 Sq Ft
$730/Sq Ft Est. Value

Last Sold February 17, 2016

Last sale price $1,500,000 $421 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $14,480/month

1,172 Days on Market

Highlights

  • Beach Front
  • Coastal Architecture
  • Wood Flooring
  • Ocean View
  • Cathedral Ceiling
  • Main Floor Bedroom

About This Home

As of February 2016

The cottage is located in the very desirable Nags Head Historic District. It was designed to resemble the old Nags Head cottages, this home was built in 2009. Beautifully designed and built with the finest materials and workmanship, it is the most elegant and luxurious home that the listing agent has ever seen after 25 years of selling homes on the Outer Banks. The lot is 100' wide, and runs from Virginia Dare Trail to the ocean. Interior materials include Brazilian pine floors except for tile in the bathrooms and kitchen, Dutch delft tile and marble kitchen countertops and backsplash, marble countertops in the master bath, laundry room and powder room, mother of pearl sinks and a bubble tub in the master bath, along with a marvelous huge walk-in rain shower with art glass, elevator, Wolf gas range, 3 ovens, wine cooler, bar sink with clever hiding for bar supplies, Monogram refrigerator, tankless hot water at every sink and tub, Pelican water system, many stained glass transoms and partial walls bringing natural light into spaces in the interior of the house, lots of floor to ceiling closets and storage with automatic lights, an electronic dog door, all bedrooms have doors leading to outside porches, a stunning gas fireplace surround handcrafted from shells, sand dollars and starfish, built in vacuum system, wired for sound inside and on the top porch, pull down attic steps for additional storage and an alarm system. Outside details are a 20 KW Generac generator wired to the electrical system in case of a power outage, with a 1000 gal. in-ground propane tank that is owned by the seller, custom made storm shutters on the ocean side, a combination of wood and Bermuda shutters on other windows, Andersen windows and doors, high impact glass windows on the oceanside of the house, a mini irrigation system for the small area that requires irrigation - the rest of the yard is natural,a large dog yard in the back and ample room for a pool to be added. The seller will consider partial financing for a well qualified buyer. This home is not being sold furnished, but some pieces may be negotiated. The printed remarks about this cottage can't reflect the quality, charm and taste of seeing the home in person.

Last Agent to Sell the Property

Linda Harper

Howard Hanna Outer Banks Realt License #53439 Listed on: 10/01/2012

Howard Hanna Outer Banks Realt

Co-Listed By

Thomas Harper

Keller Williams - Outer Banks License #54815

Last Buyer's Agent

Bobby Harrell

Harrell & Associates License #77804

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,728

Year Built

  • Built in 2009

Lot Details

  • Beach Front
  • 101 Feet of Waterfront
  • Landscaped
  • Sprinkler System

Parking

  • Tuck Under Parking

Home Design

  • Coastal Architecture
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 3,560 Sq Ft Home
  • Elevator
  • Central Vacuum
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Utility Room
  • Ocean Views

Kitchen

  • Built-In Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Marble Countertops
  • Granite Countertops

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Accessible Home Design

  • Handicap Accessible

Outdoor Features

  • Outdoor Shower
  • Covered Deck
  • Gazebo

Utilities

  • Heat Pump System
  • Heating System Uses Propane
  • Generator Hookup
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Community Details

  • Nags Head Beach Subdivision

Listing and Financial Details

  • Legal Lot and Block lots 5-6 / 1

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,728

Year Built

Built in 2009

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Directions: ON THE NORTH SIDE OF THE NAGS HEAD INN
  • Extras: Beach Access, Ceiling Fan(s), Central Vacuum, Covered Decks, Elevator, Gazebo, Handicap Friendly, Jet Tub, Landscaped, Lawn Sprinklers, Outside Shower, Security System, Smoke Detector(s), Generator Hookup
  • Flood Zone: VE
  • Subdivision Name: NAGS HEAD BEACH PLAT A
  • Headline: UNPARALLELED EXCELLENCE!
  • Heated Sq Ft: 3560
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: A
  • Waterfront Location: Oceanfront
  • Zoning: C
  • Deed Book Pg Number: 36
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Wall Oven, Washer, Wine Cooler
  • Bedrooms: 5
  • Bedroom 1: OCEAN VIEW, On Level: 2
  • Bedroom 2: On Level: 1
  • Bedroom 3: On Level: 1
  • Bedroom 4: On Level: 1
  • Kitchen: OCEAN VIEW, On Level: 2
  • Countertops: Granite, Marble
  • Floor Coverings: Ceramic Tile, Wood
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Cathedral Ceiling(s), Gas Fireplace, Ensuite, Walk in Closet
  • Dining Room: COMBO, On Level: 2
  • Family Room: OCEAN VIEW, On Level: 1
  • Living Room: OCEAN VIEW, On Level: 2
  • Optional Rooms: Utility Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Shakes, Wood
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 98
  • View: Ocean
  • Water Frontage: 101

Garage/Parking

  • Parking: Under

Utilities

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

Condo/Co-op/Association

  • Home Owner Dwelling Insurance: 4827

Lot Info

  • Lot Description: Beach Frontage
  • Lot Faces: W
  • Lot Size: 100 WIDE
  • Lot Number: lots 5-6
  • Deed Book: 1858

Rental Info

  • Est Annual Rental Income: 91186
  • Estimated Rental Performance: 0.0608
  • Flood Expenses: 6641
  • Other Expenses: 718600
  • Rental Co: Resort Realty
  • Rental Cottage Name: Britton Cottage
  • Rental Cottage Number: 5507
  • Rental Phone Number: 252-441-5000
  • Rental Turnover Day: Sat
  • Yearly Expense Actual Estimate: Actual
  • Annual Electric: 2856
  • Annual Water Expense: 480

Building Info

  • Year Built: 2009

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2013
  • Taxes: 11728

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2012
Closed on
Feb 17, 2016
Sold by
Britton Linwood P and Britton Gay H
Bought by
Gs Legacy Llc
Seller's Agent
Linda Harper
Howard Hanna Outer Banks Realt
Buyer's Agent
Bobby Harrell
Harrell & Associates
List Price
$1,875,000
Sold Price
$1,500,000
Premium/Discount to List
-$375,000
-20%
Current Estimated Value
$2,598,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,098,258
Avg. Annual Appreciation
5.35%
Original Mortgage
$1,100,000
Outstanding Balance
$875,247
Interest Rate
3.81%
Mortgage Type
Commercial
Estimated Equity
$1,599,709

Purchase Details

Closed on
Jul 23, 2008
Sold by
Babin Katherine Harrell and Babin Jeffrey
Bought by
Britton Linwood P and Britton Gay H
Source: Public Records

Range of Values:

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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
Gs Legacy Llc -- None Available
Britton Linwood P $900,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gs Legacy Llc $1,100,000
Closed Gs Legacy Llc $1,100,000
Previous Owner Britton Linwood $700,000
Previous Owner Britton Linwood P $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2016 02/17/16 Sold $1,500,000 -20.0% $421 / Sq Ft
12/17/2015 12/17/15 Pending -- -- --
10/01/2012 10/01/12 For Sale $1,875,000 -- $527 / 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 $9,110 $1,855,000 $1,107,000 $748,000
2023 $9,110 $1,884,920 $1,107,000 $777,920
2022 $7,549 $1,884,920 $1,107,000 $777,920
2021 $7,549 $1,884,920 $1,107,000 $777,920
2020 $14,406 $1,884,920 $1,107,000 $777,920
2019 $6,716 $1,395,100 $718,600 $676,500
2018 $6,589 $1,369,400 $718,600 $650,800
2017 $6,075 $1,265,200 $718,600 $546,600
2016 $5,558 $1,265,200 $718,600 $546,600
2014 $12,017 $1,265,200 $718,600 $546,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 76458

Outer Banks Association of REALTORS®

APN: 008681000