NOT LISTED FOR SALE

5016 S Virginia Dare Trail Nags Head, NC 27959

Estimated Value: $1,957,282 - $2,049,000

8 Beds
9.5 Baths
4,600 Sq Ft
$434/Sq Ft Est. Value

Last Sold November 03, 2021

Last sale price $1,525,000 $332 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $11,434/month

110 Days on Market

Highlights

  • Community Beach Access
  • Heated Indoor Pool
  • Coastal Architecture
  • Ocean Front
  • Home Theater
  • Cathedral Ceiling

About This Home

As of November 2021

Updated Nags Head Semi Oceanfront Rental Machine! $193,000 booked YTD for 2021. Ocean Views. Large 5,000 square foot 8 bedroom home. Private outdoor/indoor heated pool. Recent upgrades include New interior and exterior paint, New LVT flooring, New Decks, New bedding and mattresses, New electronics and 2 New AC units. This 8 bedroom and 9.5 bath property is located in the Villages at Nags Head. Wonderful amenities such as a Theater Room, Rec Room w/Pool Table, Video Arcade Games & Hot Tub. Unique Indoor & Outdoor Swimming Pool combo! Ground Level has Rec Room, Theater Room, 2 Master Suites w/2 Duo Bunks, Access to Private Indoor/Outdoor Swimming Pool Area w/Full Bath, Tiki Bar, & Enclosed Outside Shower. Mid Level: 4 Bedrooms (4 Master Suites), Den, 2 Front Covered Decks, & Back Covered Deck. Top Level: Lavish Living/Dining/Kitchen Area, TV Entertainment System, (2 Master Suites, Front Sun Deck w/Ocean Views, & Back Sun Deck. This property is in a fabulous location and is convenient to area attractions, dining, shopping, & the Beach (approx. 250 Yards to Beach Access). 11%++ GRI/PP! This is a must see property!

Last Agent to Sell the Property

Brad Beacham

Landmark Sotheby's Internation License #194377 Listed on: 05/21/2021

Landmark Sotheby's Internation

Last Buyer's Agent

Terry Trexler

LPT Realty, LLC License #293264

LPT Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,750

Year Built

  • Built in 2006

Lot Details

  • 10,500 Sq Ft Lot
  • Ocean Front
  • Landscaped

HOA Fees

  • $46 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 4,600 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Home Theater
  • Game Room
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Fuel Tank
  • Municipal Utilities District for Water and Sewer

Listing and Financial Details

  • Tax Lot 15

Community Details

Overview

  • Association fees include common insurance, grounds maintenance, management
  • Mike Reed Association, Phone Number (757) 724-1984
  • Vil Nh Elliott Estates Subdivision

Recreation

  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,750

Year Built

Built in 2006

Lot Details

0

HOA Fees

$46 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Beach road between Mall Drive and Epstein
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Hot Tub, Landscaped, Outside Shower, Sun Deck
  • Flood Zone: X
  • Headline: Semi Ocean Rental Machine!
  • Heated Sq Ft: 4600
  • L V T Date: 05/21/2021
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: Res
  • Deed Book Pg Number: 0428
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Village at Nags Head
  • Newpoint Media: Yes
  • Office License Number: C7166
  • Outer Banks Software: Yes
  • 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: 8
  • Electronic Locks: Leased
  • Floor Coverings: Ceramic Tile, Hardwood, Vinyl Tile
  • Foundation: Piling, Slab
  • Full Bathrooms: 9
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Ensuite, Washer Connection
  • Optional Rooms: Game Room, Home Theater
  • Partial Bathrooms: 1

Exterior Features

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

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Insurance, Grounds Maintenance, Management
  • Association Amenities: Ocean Access, Sound Access
  • Association Fee: Yes
  • Estimated Annual Fee: 550
  • Hoa Contact: Mike Reed
  • HOA Contact: 757-724-1984
  • Home Owner Dwelling Insurance: 6520

Lot Info

  • Estimated Lot Sq Ft: 10500
  • Lot Number: Lot 15
  • Estimated Lot Size: 0.24
  • Deed Book: 2343

Rental Info

  • Poolspa Expense: 5008
  • Rental Co: Resort Realty
  • Rental Cottage Name: Nags Head Paradise
  • Rental Cottage Number: 5566
  • Annual Cable TV Expense: 2400
  • Annual Electric: 6869
  • Annual Water Expense: 900

Building Info

  • Year Built: 2006

Tax Info

  • Year: 2020
  • Taxes: 7750

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2021
Closed on
Sep 27, 2021
Sold by
Dpp Properties Llc
Bought by
Precise John G
Seller's Agent
Brad Beacham
Landmark Sotheby's Internation
Buyer's Agent
Terry Trexler
LPT Realty, LLC
List Price
$1,595,000
Sold Price
$1,525,000
Premium/Discount to List
-$70,000
-4.39%
Current Estimated Value
$1,998,071

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$473,071
Avg. Annual Appreciation
6.97%
Original Mortgage
$1,220,000
Outstanding Balance
$1,111,423
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$886,648

Purchase Details

Closed on
Dec 6, 2019
Sold by
Trustee Services Of Carol
Bought by
Dpp Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$644,300
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 22, 2010
Sold by
Stingone Bernard and Stingone Deborah
Bought by
Stingone Properties Inc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Precise John G $1,525,000 Priority Title And Escrow
Dpp Properties Llc $707,416 None Available
Stingone Properties Inc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Precise John G $1,220,000
Previous Owner Dpp Properties Llc $644,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2021 11/03/21 Sold $1,525,000 -4.4% $332 / Sq Ft
09/08/2021 09/08/21 Pending -- -- --
08/19/2021 08/19/21 For Sale $1,595,000 0.0% $347 / Sq Ft
07/03/2021 07/03/21 Pending -- -- --
05/21/2021 05/21/21 For Sale $1,595,000 -- $347 / 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 $10,534 $1,966,000 $633,800 $1,332,200
2024 $9,013 $1,132,000 $321,800 $810,200
2023 $4,663 $1,164,408 $321,800 $842,608
2022 $4,663 $1,164,408 $321,800 $842,608
2021 $4,663 $1,164,408 $321,800 $842,608
2020 $4,663 $1,164,408 $321,800 $842,608
Source: Public Records

Agents Affiliated with this Home

  • Brad Beacham

    Seller's Agent in 2021

    Brad Beacham

    Landmark Sotheby's Internation

    (252) 202-6920

    23 in this area

    186 Total Sales

    Brad Beacham
    Section Image
  • Terry Trexler

    Buyer's Agent in 2021

    Terry Trexler

    LPT Realty, LLC

    (757) 255-8739

    2 in this area

    50 Total Sales

    Terry Trexler
    Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 114486

Outer Banks Association of REALTORS®

APN: 027839075

North Carolina Dare County Nags Head 27959

5016 S Virginia Dare Trail, Nags Head, NC

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Outer Banks Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes