NOT LISTED FOR SALE

5009 S Virginia Dare Trail Nags Head, NC 27959

Estimated Value: $1,991,000 - $2,666,000

5 Beds
4.5 Baths
4,170 Sq Ft
$542/Sq Ft Est. Value

Last Sold January 08, 2019

Last sale price $1,235,000 $296 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $12,454/month

159 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Coastal Architecture
  • Community Beach Access
  • Indoor Pool
  • Wood Flooring

About This Home

As of January 2019

CLASSIC NAGS HEAD OUTER BANKS STYLE showcases this 4000 sq ft modern, updated beautiful home. Open concept living in a reverse floor plan provides sweeping ocean views from the living room, dining room, kitchen, breakfast area and gathering space. An elevator from the lowest level means no one struggles to enjoy the entirety of this property. Gorgeous master bedroom and remodeled bathroom on the top level are handicap comfortable. Two east facing master bedrooms at mid-level both have updated bathrooms and both enjoy unobstructed ocean views. Additional two mid-level bedrooms share a spacious bathroom. Current owner has spent over $300,000 in updates in the past three years. The cedar shake roof is new. Both HVAC systems are new. Black stainless appliances were added to the remarkable kitchen. Three master bathrooms have been completely remodeled and the bedrooms freshened with new mattresses and linens. The gorgeous great room antique pine floor has been refinished and extra-large sectional sofa added. Four ocean-facing Andersen French Doors were installed. Ocean-facing windows have been equipped with electric roll-down storm shutters. Perhaps, most fun of all, the hot tub is all new and this excellent location is within easy walking distance to restaurants, shops, beach club and more. Photos can't do justice to this Nags Head classic. View the virtual tour and make your appointment to preview it today.

Last Agent to Sell the Property

Dru Ferrence

Basnight Realty License #174208 Listed on: 06/27/2018

Last Buyer's Agent

Michele Clark

Resort Realty - NH License #189504

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,083

Year Built

  • Built in 1990

Lot Details

  • 0.41 Acre Lot
  • Beach Front
  • Level Lot

HOA Fees

  • $38 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Traditional Architecture
  • Cottage
  • Frame Construction
  • Wood Shingle Roof
  • Wood Siding
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 4,170 Sq Ft Home
  • Elevator
  • Central Vacuum
  • Furnished
  • Ceiling Fan
  • Gas Fireplace
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Tuck Under Parking
  • Off-Street Parking

Pool

  • Indoor Pool
  • Fiberglass Pool
  • Outdoor Pool
  • Spa

Outdoor Features

  • Gazebo

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot 3

Community Details

Overview

  • Association fees include management, walkways
  • Vil Nh Duneridge Estates Subdivision

Recreation

  • Community Boardwalk
  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,083

Year Built

Built in 1990

Lot Details

0

HOA Fees

$38 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Traditional, Nags Head, Coastal, Cottage
  • Directions: East on Mall Drive, South on S VA Dare Trl. House on East.
  • Extras: Boardwalk to Beach, Ceiling Fan(s), Central Vacuum, Elevator, Gazebo, Hot Tub, Smoke Detector(s)
  • Flood Zone: VE
  • Headline: NAGS HEAD CLASSIC - OCEANFRONT
  • Heated Sq Ft: 4170
  • L V T Date: 06/27/2018
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: res
  • Deed Book Pg Number: 0282
  • Destination Commerce Corp: Yes
  • Major Subdivision: Village at Nags Head
  • Office License Number: C26996
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 5
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: Dryer Connection, Gas Fireplace, Ensuite, Washer Connection
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Shakes, Wood
  • Pool: Yes
  • Pool: Optional with Additional Fee
  • Pool Type: Indoor, Fiberglass, Private Pool
  • Roof: Wood Shingles
  • View: Ocean

Garage/Parking

  • Garage: 2 Car, Attached
  • Parking: Paved, Off Street, Under

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Heat Pump, Zoned
  • Sewer/Septic System: Community Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Management, Walkways
  • Association Amenities: Ocean Access, Sound Access
  • Association Fee: Yes
  • Estimated Annual Fee: 450

Lot Info

  • Estimated Lot Sq Ft: 18000
  • Lot Description: Beach Frontage, Level
  • Lot Number: Lot 3
  • Estimated Lot Size: 0.41
  • Deed Book: 1887

Rental Info

  • Est Annual Rental Income: 120520
  • Estimated Rental Performance: 0.0976
  • Flood Expenses: 781
  • Lease Terms: Weekly
  • Other Insurance Expenses: 789
  • Rental Co: Village Realty
  • Rental Cottage Number: DE03
  • Rental Phone Number: 252-480-2224
  • Rental Turnover Day: Sunday
  • Rental Contact Name: Village Realty
  • Rental Contact Phone: 252-480-2224

Building Info

  • Year Built: 1990

Tax Info

  • Year: 2018
  • Taxes: 12083.11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2018
Closed on
Jan 3, 2019
Sold by
Boykin Matthew T and Boykin Teresa N
Bought by
Gurganus Mary J and Gurganus Brian F
Seller's Agent
Dru Ferrence
Basnight Realty
Buyer's Agent
Michele Clark
Resort Realty - NH
List Price
$1,399,000
Sold Price
$1,235,000
Premium/Discount to List
-$164,000
-11.72%
Current Estimated Value
$2,260,007

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,025,007
Avg. Annual Appreciation
9.28%
Original Mortgage
$477,375
Outstanding Balance
$419,729
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$1,840,278

Purchase Details

Closed on
Jan 26, 2012
Sold by
Boykin Matthew T
Bought by
Boykin Ii Matthew T and Boykin Teresa Najero

Purchase Details

Closed on
Feb 25, 2010
Sold by
Boykin Matthew T and Boykin Flonnie G
Bought by
Boykin Ii Matthew T
Source: Public Records

Range of Values:

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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
Gurganus Mary J $1,235,000 --
Boykin Ii Matthew T -- None Available
Boykin Ii Matthew T -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gurganus Mary J $477,375
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2019 01/08/19 Sold $1,235,000 -11.7% $296 / Sq Ft
12/03/2018 12/03/18 Pending -- -- --
06/27/2018 06/27/18 For Sale $1,399,000 -- $335 / 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
2025 $6,332 $2,375,400 $1,566,600 $808,800
2024 $5,479 $1,346,100 $798,900 $547,200
2023 $6,789 $1,367,988 $798,900 $569,088
2022 $5,479 $1,367,988 $798,900 $569,088
2021 $5,479 $1,367,988 $798,900 $569,088
2020 $5,479 $1,367,988 $798,900 $569,088
2019 $5,965 $1,241,600 $688,900 $552,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 101025

Outer Banks Association of REALTORS®

APN: 000380020