NOT LISTED FOR SALE

4931 S Passage Way Nags Head, NC 27959

Estimated Value: $1,293,534 - $1,586,000

6 Beds
6.5 Baths
3,342 Sq Ft
$427/Sq Ft Est. Value

Last Sold January 14, 2021

Last sale price $940,000 $281 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $8,091/month

7 Days on Market

Highlights

  • Ocean Front
  • Coastal Architecture
  • Wood Flooring
  • Heated In Ground Pool
  • Cathedral Ceiling
  • Furnished

About This Home

As of January 2021

This house is located at MP 14 in the Moongate subdivision of the Villages of Nags Head. This beautiful home is located directly across from the Villages of Nags Head private beach access, which is considered one of the top beach accesses in all of the Outer Banks. You have a newly added private walkway right outside the pool deck that will take you directly across the street to the beach access which is approx. 50 yards away. This handicap-accessible beach access provides outdoor showers, restrooms and a shaded gazebo so that you can enjoy your day at the beach. This outstanding home has incredible ocean views from the top and mid level decks and bedrooms and beautiful beach cottage décor. The room layout and amenities are as follows: Key AMENITIES:?Elevator that services all floors, Heated Private Concrete Pool with in-pool seating (11'x23); Hot Tub, Pool Table, Fireplace, Bamboo and tile flooring; outdoor enclosed shower; deck swing, linen closets, 3 large owners closets? Bottom Level:?Private concrete pool area with extended/fenced backyard, carport, entry, King bedroom with smart TV, and a rec room with pool table, with smart TV, wet bar, refrigerator, icemaker & microwave.?? Mid-Level:?Family master suite with a Queen, Bunk Bed smart TV, King master bedroom with smart TV, deck access and ocean view, King master bedroom with smart TV, deck access and ocean view, King master bedroom with smart TV and deck access, laundry, large wrap around decks with ocean views and porch swing?? Top Level:?Kitchen with upgraded appliances and granite counter tops, living area with with smart TV, deck access and ocean views, dining area with screened porch access, King master bedroom with incredible views of the ocean, smart TV, 2 large walk-in closets, linen closet or owners storage, large spa like bathroom, deck access and ocean views, and a half bath. The floor plan of the home allows you to use the home as a great primary home, second home or perfect investment property. The owners have maintained the home as a primary, lived in it like a second home and take advantage of the great investment, but don't maximize the complete investment potential. Let's talk about the additional income possibilities.

Last Agent to Sell the Property

Michael Siers

Howard Hanna Outer Banks Realt License #269494 Listed on: 11/05/2020

Howard Hanna Outer Banks Realt

Co-Listed By

Stacy Siers

Howard Hanna Outer Banks Realt License #253800

Last Buyer's Agent

Heather VanderMyde

Coldwell Banker Seaside Realty - KDH License #207518

Coldwell Banker Seaside Realty - KDH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,392

Year Built

  • Built in 2013

Lot Details

  • 6,000 Sq Ft Lot
  • Ocean Front
  • Level Lot
  • Sprinkler System

HOA Fees

  • $46 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Frame Construction
  • Wood Shingle Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 3,342 Sq Ft Home
  • Elevator
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Entrance Foyer
  • Game Room
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Patio
  • Exterior Lighting

Utilities

  • Heat Pump System
  • Municipal Utilities District Water
  • Private Sewer

Community Details

  • Courtney Fowler Association
  • Vil Nh Moongate Subdivision

Listing and Financial Details

  • Tax Lot #4

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,392

Year Built

Built in 2013

Lot Details

0

HOA Fees

$46 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Coastal
  • Extras: Ceiling Fan(s), Elevator, Hot Tub, Lawn Sprinklers, Outside Lighting, Outside Shower, Patio, Dry Entry, Inside Laundry Room
  • Flood Zone: X
  • Headline: Almost New Money Maker
  • Heated Sq Ft: 3342
  • L V T Date: 11/05/2020
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: Res
  • Deed Book Pg Number: 0236
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Village at Nags Head
  • Newpoint Media: Yes
  • Office License Number: C32879
  • Outer Banks Software: Yes
  • Short Term Rental Restrictions: No
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 6
  • Countertops: Granite
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Ceramic Tile, Wood
  • Foundation: Piling
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Walk in Closet
  • Optional Rooms: Foyer, Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Heated, Private Pool
  • Roof: Wood Shingles
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Off Street

Utilities

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

Condo/Co-op/Association

  • Association Fee: Yes
  • Estimated Annual Fee: 550
  • Hoa Contact: Courtney Fowler
  • HOA Contact: Village Realty

Lot Info

  • Estimated Lot Sq Ft: 6000
  • Lot Description: Level
  • Lot Number: Lot#4
  • Estimated Lot Size: 0.14
  • Deed Book: 1957

Rental Info

  • Lease Terms: Weekly
  • Other Expenses: 340
  • Other Expenses2: 420
  • Poolspa Expense: 2450
  • Rental Co: Resort Realty
  • Rental Cottage Name: C-Dreams
  • Rental Cottage Number: 5543
  • Rental Turnover Day: Sat
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 2415
  • Annual Electric: 2840
  • Annual Water Expense: 760

Building Info

  • Year Built: 2013

Tax Info

  • Year: 2020
  • Taxes: 5392

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2020
Closed on
Jan 13, 2021
Sold by
Jkc Investment Properties Llc
Bought by
Sowards Sean and Sowards Andrea
Seller's Agent
Michael Siers
Howard Hanna Outer Banks Realt
Buyer's Agent
Heather VanderMyde
Coldwell Banker Seaside Realty - KDH
List Price
$949,000
Sold Price
$940,000
Premium/Discount to List
-$9,000
-0.95%
Current Estimated Value
$1,426,634

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$486,634
Avg. Annual Appreciation
9.44%
Original Mortgage
$752,000
Outstanding Balance
$674,229
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$761,002

Purchase Details

Closed on
May 2, 2014
Sold by
Costulis John A and Costulis Phyllis K
Bought by
Jkc Investment Properties Llc

Purchase Details

Closed on
Jun 19, 2013
Sold by
Moongate Partners Llc
Bought by
Costulis John A and Costulis Phyllis K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
3.42%
Mortgage Type
Construction
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
Sowards Sean $940,000 None Listed On Document
Sowards Sean $940,000 None Available
Jkc Investment Properties Llc -- None Available
Costulis John A $250,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sowards Sean $752,000
Closed Sowards Sean $752,000
Previous Owner Costulis John A $620,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2021 01/14/21 Sold $940,000 -0.9% $281 / Sq Ft
11/12/2020 11/12/20 Pending -- -- --
11/05/2020 11/05/20 For Sale $949,000 +21.7% $284 / Sq Ft
12/13/2013 12/13/13 Sold $780,000 0.0% $234 / Sq Ft
05/10/2013 05/10/13 Pending -- -- --
05/09/2013 05/09/13 For Sale $780,000 -- $234 / 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 $6,129 $810,200 $284,600 $525,600
2023 $3,329 $831,224 $284,600 $546,624
2022 $3,329 $831,224 $284,600 $546,624
2021 $5,760 $831,224 $284,600 $546,624
2020 $3,329 $831,224 $284,600 $546,624
2019 $3,499 $719,800 $225,300 $494,500
2018 $2,286 $719,800 $225,300 $494,500
2017 $3,499 $719,800 $225,300 $494,500
2016 $3,201 $719,800 $225,300 $494,500
2014 $1,988 $719,800 $225,300 $494,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 111742

Outer Banks Association of REALTORS®

APN: 027839105