NOT LISTED FOR SALE

503 N Virginia Dare Trail Unit 8 Kill Devil Hills, NC 27948

Estimated Value: $563,000 - $572,002

2 Beds
2 Baths
1,052 Sq Ft
$538/Sq Ft Est. Value

Last Sold January 28, 2025

Last sale price $559,900 $532 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,445/month

33 Days on Market

Highlights

  • Community Beach Access
  • Ocean Front
  • Coastal Architecture
  • First Flight Middle School Rated A-
  • Outdoor Pool
  • Central Heating and Cooling System

About This Home

As of January 2025

Beautiful oceanfront views with easy access to the beach from this top level oceanfront property in the desirable Sand Castle condos! Located directly across from the Wright Brothers Monument, the views are amazing in every direction. Enjoy peace of mind with two brand new sliders and new plumbing throughout the entire building in 2024! Windows have been replaced on the east & south elevations of the home. One of only nine units, sharing 100' of beautiful, elevated oceanfront property, with a huge protective dune fronting a wide, spacious beach. Relax around the private outdoor pool, featuring a large gazebo and grilling station. Take a refreshing dip in the ocean, easily accessing the beach from oceanside stairs. Owner storage available on ground level to store your beach chairs, coolers & fishing gear. Primary bedroom is ensuite, affording breathtaking ocean views and access to the covered oceanside deck with stairs to the beach. Great room is open & airy, 9' ceilings, recessed lighting and offering wonderful views. Windows are on all four elevations of the home, letting tons of natural light flow inside. Kitchen is well equipped with a new refrigerator in '23 plus all appliances and LVP flooring have been updated within the past 10 years. HOA replaced all decks & stairs around the building in 2007 and is in the process of completing all new exterior cedar shake siding. The home is in great shape, just add your own personal touches. HOA includes basic cable, water, maintenance and all building insurance with the regular dues. When considering price, location & condition, this oceanfront home is an excellent value!

Last Listed By

Richard Tolson

RT Realty OBX, LLC Brokerage Phone: 252-202-9199 License #119826 Listed on: 12/11/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,678

Year Built

  • Built in 1987

Lot Details

  • 1.38 Acre Lot
  • Lot Dimensions are 100x600
  • Ocean Front

Home Design

  • Coastal Architecture
  • Property Attached
  • Frame Construction
  • Wood Siding
  • Piling Construction

Interior Spaces

  • 1,052 Sq Ft Home
  • Vinyl Flooring
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Parking Lot

Pool

  • Outdoor Pool

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Septic Tank

Listing and Financial Details

  • Tax Block 8

Community Details

Overview

  • Association fees include building maintenance, cable TV, electricity, common insurance, flood insurance, ground maintenance, management, other-see remarks, pool, sewer/septic, water
  • Sand Castle Subdivision

Recreation

  • Community Beach Access
  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,678

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Directions: Oceanfront almost directly across from Wright Brother's Monument, just north of Sutton Ave, south of Raleigh Ave.
  • Headline: Amazing Ocean Views Top Level!
  • Zoning: OIR
  • Lot Size Acres: 1.38
  • Road Surface Type: Paved
  • View Type:Pond View: Ocean
  • Attribution Contact: C: 252-202-9199
  • Ownership: Owned More than 12 Months
  • MLS Status: (21) Sold - Sold CO OP by Member
  • Subdivision Name: Sand Castle
  • Architectural Style: Coastal
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Vinyl Tile

Exterior Features

  • Pool: Yes
  • Roof: Asphalt
  • Pool Features: Association, Outdoor Pool
  • Waterfront Features: Ocean Front
  • Construction Type: Frame, Wood Siding
  • Foundation Details: Piling
  • Exterior: Shakes,Wood

Garage/Parking

  • Parking Features: Parking Lot, Paved

Utilities

  • Heating: Central, Electric, Heat Pump
  • Cooling: Central Air, Heat Pump
  • Sewer: Septic Tank
  • Water Source: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Building Maintenance, Cable TV, Electricity, Common Insurance, Flood Insurance, Maintenance Grounds, Management, Other-See Remarks, Pool, Sewer/Septic, Water
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool

Lot Info

  • Lot Size: 100x600
  • Lot Size Sq Ft: 60000.0

Building Info

  • Year Built: 1987

Tax Info

  • Year: 2024
  • Tax Annual Amount: 3678.0
  • Tax Block: 8
  • Tax Tract: Lots 1 & 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2024
Closed on
Jan 24, 2025
Sold by
Major Jeffrey M and Major Susan E
Bought by
Moloki Holdings Llc
Seller's Agent
Richard Tolson
RT Realty OBX, LLC
Buyer's Agent
Heather Sakers
Coldwell Banker Seaside Realty KH
List Price
$579,900
Sold Price
$559,900
Premium/Discount to List
-$20,000
-3.45%
Total Days on Market
33
Views
103
Current Estimated Value
$566,001

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,101
Avg. Annual Appreciation
4.10%

Purchase Details

Closed on
Jan 3, 2005
Sold by
Sullivan Donald P and Sullivan Celine K
Bought by
Major Jeffrey M and Major Susan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,930
Interest Rate
5.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

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
Moloki Holdings Llc $560,000 None Listed On Document
Major Jeffrey M $480,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Major Jeffrey M $335,930
Previous Owner Major Jeffrey M $47,990
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2025 01/28/25 Sold $559,900 -3.4% $532 / Sq Ft
01/13/2025 01/13/25 Pending -- -- --
12/11/2024 12/11/24 For Sale $579,900 -- $551 / 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 $3,678 $479,100 $285,000 $194,100
2023 $1,919 $486,864 $285,000 $201,864
2022 $3,508 $486,864 $285,000 $201,864
2021 $3,513 $486,864 $285,000 $201,864
2020 $3,508 $486,864 $285,000 $201,864
2019 $2,641 $297,900 $185,000 $112,900
2018 $2,583 $297,900 $185,000 $112,900
2017 $2,583 $297,900 $185,000 $112,900
2016 $2,461 $297,900 $185,000 $112,900
2014 $2,370 $297,900 $185,000 $112,900
Source: Public Records

Agents Affiliated with this Home

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Source: Outer Banks Association of REALTORS®

MLS Number: 127692

Outer Banks Association of REALTORS®

APN: 003686008