NOT LISTED FOR SALE

507 N Virginia Dare Trail Kill Devil Hills, NC 27948

Estimated Value: $2,387,000 - $3,422,336

12 Beds
12 Baths
6,687 Sq Ft
$432/Sq Ft Est. Value

Last Sold July 16, 2020

Last sale price $1,530,000 $229 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $17,531/month

48 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Cabana
  • First Flight Middle School Rated A-
  • Home Theater
  • Sauna

About This Home

As of July 2020

If you enter the front door of Boardwalk you are faced with a difficult decision - do you go down to the spacious game room area on the ground level with access to the outdoor area with pool and tiki bar or do you go upstairs to the cavernous living area with fantastic views of the Atlantic ocean. Guests that can not make the stairs can enter the ground level side door and use the ELEVATOR to access the upper floors of the home. This partly furnished 12 bedroom 10 full bath oceanfront home will provide fantastic family memories for many years to come! The first floor has 4 bedrooms, the media room, huge game room,1 of the 2 laundry closets, access to the pool area, tiki bar and walkway to the beach and dune top gazebo. The mid-level has 6 bedrooms, and another TV/media room and access to a large deck. The top floor has the kitchen, living/dining area, 2 more master suites, stairs to a 4th level sitting/TV area that the kiddies love to hide out in, a large deck and a ocean facing wall of windows for awesome views! Act fast to make this bargain mansion yours!

Last Agent to Sell the Property

Wayne Strickland

Stellar Properties License #190095 Listed on: 05/15/2020

Co-Listed By

Laura Strickland

Stellar Properties License #264696

Last Buyer's Agent

Laura Strickland

Stellar Properties License #264696

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,548

Year Built

  • Built in 2004

Lot Details

  • 0.54 Acre Lot
  • Lot Dimensions are 50 x 558
  • Beach Front
  • 50 Feet of Waterfront

Home Design

  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 6,687 Sq Ft Home
  • Elevator
  • Furnished
  • Gas Fireplace
  • Entrance Foyer
  • Living Room
  • Home Theater
  • Game Room
  • Sauna
  • Ocean Views

Kitchen

  • Built-In Oven
  • Built-In Range
  • Microwave
  • Second Dishwasher
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Accessible Home Design

  • Handicap Accessible

Pool

  • Cabana
  • In Ground Pool
  • Outdoor Pool
  • Spa

Outdoor Features

  • Sun Deck
  • Tiki or Chickee Hut

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Municipal Utilities District Water
  • Private or Community Septic Tank
  • Septic System

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Legal Lot and Block 4 / 6

Community Details

Overview

  • Kitty Hawk Shrs Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,548

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Bank Owned: Yes
  • Directions: Beach road just South of Wright Memorial
  • Extras: Beach Access, Boardwalk to Beach, Cabana, Elevator, Handicap Friendly, Hot Tub, Sauna, Sun Deck, Tiki Bar, Inside Laundry Room
  • Flood Zone: VE
  • Subdivision Name: Kitty Hawk Shores
  • Headline: Rental Machine!
  • Heated Sq Ft: 6687
  • L V T Date: 05/16/2020
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 0582
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C22927
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: 20
  • Property Sub Type: Detached

Interior Features

  • Appliances: Countertop Range, Microwave, Refrigerator, Wall Oven, 2nd Dishwasher
  • Bedrooms: 12
  • Countertops: Laminate
  • Floor Coverings: Carpet, Tile, Vinyl, Wood
  • Foundation: Piling
  • Full Bathrooms: 10
  • Furnishings Available: Yes
  • Interior Amenities: Dryer Connection, Gas Connection, Gas Fireplace, Washer Connection
  • Living Room: On Level: 3
  • Optional Rooms: Foyer, Game Room, Media Room
  • Partial Bathrooms: 2

Exterior Features

  • Construction: Frame
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 50
  • View: Ocean
  • Water Frontage: 50

Utilities

  • Cooling: Heat Pump, Zoned
  • Heating: Heat Pump, Zoned
  • Sewer/Septic System: Non Conventional Septic, Private Septic
  • Water: Municipal

Lot Info

  • Estimated Lot Sq Ft: 23500
  • Lot Description: Beach Frontage, Water Frontage
  • Lot Faces: W
  • Lot Size: 50 X 558
  • Lot Number: Lot 4
  • Estimated Lot Size: 0.54
  • Deed Book: 2364

Rental Info

  • Rental Cottage Name: Boardwalk

Building Info

  • Year Built: 2004

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2019
  • Taxes: 20548

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2024
Sold by
Dpp Properties Llc and Mh40 Properties Llc
Bought by
Earth Resources Inc
Total Days on Market
48
Current Estimated Value
$2,888,445

Purchase Details

Listed on
May 15, 2020
Closed on
Jul 10, 2020
Sold by
Resolute Asset Management Llc
Bought by
Dpp Properties Llc and Mh40 Properties Llc
Seller's Agent
Wayne Strickland
Stellar Properties
Buyer's Agent
Laura Strickland
Stellar Properties
List Price
$1,850,000
Sold Price
$1,530,000
Premium/Discount to List
-$320,000
-17.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.85%

Purchase Details

Closed on
Mar 11, 2020
Sold by
Nrz Pass Through Trust
Bought by
Nrz Reo Xi Llc

Purchase Details

Closed on
Dec 18, 2019
Sold by
Dean Clarence E and Dean Kelly A
Bought by
Nrz Pass Through T
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
Earth Resources Inc $4,530,000 None Listed On Document
Dpp Properties Llc $1,530,000 None Available
Nrz Reo Xi Llc -- None Available
Nrz Pass Through T $2,731,837 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dpp Properties Llc $1,385,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2020 07/16/20 Sold $1,530,000 -4.4% $229 / Sq Ft
07/02/2020 07/02/20 Pending -- -- --
06/05/2020 06/05/20 Price Changed $1,600,000 -13.5% $239 / Sq Ft
05/15/2020 05/15/20 For Sale $1,850,000 -- $277 / 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 $16,550 $2,149,300 $1,116,500 $1,032,800
2023 $16,550 $2,190,612 $1,116,500 $1,074,112
2022 $15,783 $2,190,612 $1,116,500 $1,074,112
2021 $15,783 $2,190,612 $1,116,500 $1,074,112
2020 $15,783 $2,190,612 $1,116,500 $1,074,112
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2020

    Wayne Strickland

    Stellar Properties

    Section Image
  • Laura Strickland

    Seller Co-Listing Agent in 2020

    Laura Strickland

    Stellar Properties

    (252) 489-9218

    33 Total Sales

    Laura Strickland
    Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 109287

Outer Banks Association of REALTORS®

APN: 027607001

North Carolina Dare County Kill Devil Hills 27948

507 N Virginia Dare Trail, Kill Devil Hills, NC

This home is located at 507 N Virginia Dare Trail, Kill Devil Hills, NC 27948 since 15 May 2020 and is currently estimated at $2,888,445, approximately $431 per square foot. This property was built in 2004. 507 N Virginia Dare Trail is a home located in Dare County with nearby schools including Nags Head Elementary School, First Flight Middle School, and First Flight High School.

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