NOT LISTED FOR SALE

5012 S Virginia Dare Trail Nags Head, NC 27959

Estimated Value: $1,457,919 - $1,873,000

8 Beds
10 Baths
4,240 Sq Ft
$416/Sq Ft Est. Value

Last Sold October 19, 2018

Last sale price $875,000 $206 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $9,954/month

337 Days on Market

Highlights

  • Community Beach Access
  • Golf Course Community
  • Second Refrigerator
  • Ocean Front
  • Concrete Pool
  • Clubhouse

About This Home

As of October 2018

What a lovely home. Perfect floor plan for large family gatherings. Outside there is a heated, concrete, pool with adjacent space for corn hole, a large hot tub, and outdoor shower, a tiki bar and access to a half bath. The ground level game room and TV room with keep the kids occupied and happy. Take the elevator up to the eight BIG bedrooms, each with their own bathroom, and the mid level sitting area. Continue to the upper level with a big kitchen where there is space for multiple cooks to help prepare your family's dining feast! The comfy seating area, with a fireplace and ocean views, is the perfect place to relax after your long day at the beach. Generous decks and porches adds lots of additional outdoor space for sunset or sunrise viewing. Did I mention the 100k+ rentals?

Last Agent to Sell the Property

Karen DelVacchio

Basnight Realty License #222123 Listed on: 10/06/2017

Last Buyer's Agent

Vanessa Watson

Coastal Carolina Vacations License #217744

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,639

Year Built

  • Built in 2005

Lot Details

  • Ocean Front
  • Fenced Yard
  • Landscaped
  • Sprinkler System

HOA Fees

  • $38 Monthly HOA Fees

Home Design

  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Wood Shingle Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 4,240 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Built-In Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Outdoor Pool
  • Spa

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting
  • Tiki or Chickee Hut

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Municipal Utilities District Water
  • Fuel Tank
  • Private Sewer

Listing and Financial Details

  • Tax Lot 4-1

Community Details

Overview

  • Association fees include walkways
  • Kelly Green Association, Phone Number (252) 480-4735
  • Built by Randy Saunders
  • Vil Nh Elliott Estates Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Beach Access
  • Golf Course Community
  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,639

Year Built

Built in 2005

Lot Details

0

HOA Fees

$38 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Elevator, Fenced Yard, Hot Tub, Jet Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Smoke Detector(s), Sun Deck, Tiki Bar, Dry Entry, Inside Laundry Room
  • Flood Zone: AE
  • Subdivision Name: Village at Nags Head Elliot Estates
  • Headline: GORGEOUS AND FABULOUS INCOME !
  • Heated Sq Ft: 4240
  • L V T Date: 10/06/2017
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: R
  • Deed Book Pg Number: 0330
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Village at Nags Head
  • Newpoint Media: Yes
  • Office License Number: C26996
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Countertop Range, Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 8
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Ceramic Tile, Wood, Hardwood
  • Foundation: Piling, Slab
  • Full Bathrooms: 8
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Walk in Closet, Washer Connection, Wet Bar
  • Optional Rooms: Game Room, Shipswatch
  • Partial Bathrooms: 2

Exterior Features

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

Garage/Parking

  • Parking: Paved, Off Street

Utilities

  • Cooling: Heat Pump, Zoned
  • Heating: Heat Pump, Zoned
  • Fuel Tanks: Owned
  • Sewer/Septic System: Private Sewer
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Walkways
  • Association Amenities: Clubhouse, Golf Course, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Sound Access
  • Association Fee: Yes
  • Estimated Annual Fee: 450
  • Hoa Contact: Kelly Green
  • HOA Contact: 252.480.4735
  • Home Owner Dwelling Insurance: 1343

Lot Info

  • Lot Number: Lot 4-1
  • Deed Book: 1933

Rental Info

  • Est Annual Rental Income: 112702
  • Estimated Rental Performance: 0.1288
  • Flood Expenses: 920
  • Lease Terms: Weekly
  • Maintenance Expenses: 1193
  • Other Expenses: 501
  • Other Expenses2: 2000
  • Poolspa Expense: 3300
  • Rental Co: Village Realty
  • Rental Cottage Name: Ashley's Pink House
  • Rental Cottage Number: EE17
  • Rental Phone Number: 252.480.2224
  • Rental Turnover Day: Sunday
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 2418
  • Annual Electric: 3189
  • Annual Water Expense: 2113
  • Rental Contact Name: Village Realty
  • Rental Contact Phone: 252.480.2224

Building Info

  • Year Built: 2005

Tax Info

  • Year: 2018
  • Taxes: 6639.38

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2017
Closed on
Oct 7, 2018
Sold by
Spew Llc
Bought by
Hulsey Holdings Llc
Seller's Agent
Karen DelVacchio
Basnight Realty
Buyer's Agent
Vanessa Watson
Coastal Carolina Vacations
List Price
$990,000
Sold Price
$875,000
Premium/Discount to List
-$115,000
-11.62%
Current Estimated Value
$1,763,230

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$888,230
Avg. Annual Appreciation
10.48%
Original Mortgage
$700,000
Outstanding Balance
$610,497
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,152,733

Purchase Details

Closed on
May 21, 2013
Sold by
Cohen Stephen B and Cohen Sheila B
Bought by
Spew Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 2013
Sold by
Anderson John F and Anderson Catherine P
Bought by
Cohen Stephen B and Cohen Sheila B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2012
Sold by
Anderson Ashley C
Bought by
Anderson John F and Anderson Catherine P

Purchase Details

Closed on
Jun 13, 2007
Sold by
Anderson John F and Anderson Catherine P
Bought by
Anderson Ashley C and Ashley C Anderson Llc

Purchase Details

Closed on
Mar 26, 2005
Sold by
Epc Nc17 Llc
Bought by
Anderson John F and Anderson Catherine P
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
Hulsey Holdings Llc $875,000 --
Hulsey Holdings Llc $875,000 --
Spew Llc -- None Available
Spew Llc -- None Available
Cohen Stephen B $860,000 None Available
Cohen Stephen B $860,000 None Available
Anderson John F -- None Available
Anderson John F -- None Available
Anderson Ashley C -- None Available
Anderson Ashley C -- None Available
Anderson John F -- None Available
Anderson John F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hulsey Holdings Llc $700,000
Previous Owner Cohen Stephen B $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2018 10/19/18 Sold $875,000 -5.2% $206 / Sq Ft
09/08/2018 09/08/18 Pending -- -- --
04/19/2018 04/19/18 Price Changed $923,000 -4.8% $218 / Sq Ft
02/17/2018 02/17/18 Price Changed $970,000 -2.0% $229 / Sq Ft
10/06/2017 10/06/17 For Sale $990,000 -- $233 / 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 $8,248 $1,525,100 $585,000 $940,100
2024 $7,220 $897,500 $297,000 $600,500
2023 $7,220 $921,520 $297,000 $624,520
2022 $3,691 $921,520 $297,000 $624,520
2021 $6,403 $921,520 $297,000 $624,520
2020 $3,691 $921,520 $297,000 $624,520
2019 $4,016 $825,000 $235,200 $589,800
2018 $2,623 $825,000 $235,200 $589,800
2017 $4,016 $825,000 $235,200 $589,800
2016 $3,674 $825,000 $235,200 $589,800
2014 $3,674 $825,000 $235,200 $589,800
Source: Public Records

Agents Affiliated with this Home

  • Karen DelVacchio

    Seller's Agent in 2018

    Karen DelVacchio

    Basnight Realty

    (215) 694-8883

    23 in this area

    50 Total Sales

    Karen DelVacchio
    Section Image
  • Vanessa Watson

    Buyer's Agent in 2018

    Vanessa Watson

    Coastal Carolina Vacations

    (252) 202-8181

    13 in this area

    32 Total Sales

    Vanessa Watson
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 98032

Outer Banks Association of REALTORS®

APN: 027839081

North Carolina Dare County Nags Head 27959

5012 S Virginia Dare Trail, Nags Head, NC

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