NOT LISTED FOR SALE

5301 N Virginia Dare Trail Kitty Hawk, NC 27949

Estimated Value: $848,000 - $1,180,000

3 Beds
2 Baths
1,387 Sq Ft
$763/Sq Ft Est. Value

Last Sold March 08, 2021

Last sale price $825,000 $595 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $6,176/month

Highlights

  • Beach Front
  • Ocean View
  • Cathedral Ceiling
  • Kitty Hawk Elementary School Rated 9+
  • Contemporary Architecture
  • Loft

About This Home

As of March 2021

Very established and successful seasonal oceanfront rental property in Kitty Hawk. Turn-key and ready to go! This oceanfront home would make an excellent investment, 2nd home or primary residence. It is located on a service road just off of Virginia Dare Trail with limited trafiic and within a mile radius of grocery stores, restaurants, OBX hospital urgent care center, Seascape Golf Course, Home Depot, Wal-mart, and Kitty Hawk Pier. Directly across from the Run Down Cafe. Beaches never crowded and always clean as there are only 6 oceanfront homes on this street. New HVAC 2018. New carpet and kitchen cabinets in 2014. Exterior painted in 2019. New in 2018, LVT flooring on main living area. New couches in 2018, several new TV's in 2018, all new mattresses in 2018. All new appliances 2018. New Hot Water heater 2021. Has a wonderful huge sun deck on oceanfront as well as on westside and ocean views from everywhere inside the home. A true Outer Banks oceanfront cottage to be enjoyed and/or rented. Furnishings convey except for sailfish. Consistent rental performer generating GRI of $80,000+. Also once you cross the bridge, you are at home (a BIG plus). Sounds great doesn't it. Well, it is.

Last Agent to Sell the Property

Hugh Willey

Sun Realty - KDH License #238260 Listed on: 02/22/2021

Co-Listed By

Geraldine Willey

Sun Realty - KDH License #257480

Last Buyer's Agent

Heather McLay

Landmark Sotheby's International Realty License #188982

Landmark Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,209

Year Built

  • Built in 1981

Lot Details

  • Beach Front
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Contemporary Architecture
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 1,387 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • Loft
  • Ocean Views
  • Stacked Washer and Dryer

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Pool

  • Outdoor Shower

Utilities

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

Community Details

  • Seamonte Corp Subdivision

Listing and Financial Details

  • Tax Lot C

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,209

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary
  • Directions: Across from Run Down or Sixth houses down from the Hilton Hotel, located on the service road.
  • Extras: Beach Access, Ceiling Fan(s), Outside Shower
  • Flood Zone: VE
  • Headline: Great rentals
  • Heated Sq Ft: 1387
  • L V T Date: 02/22/2021
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: R
  • Advertised Income 2020: 75960
  • Advertised Income 2021: 88515
  • Deed Book Pg Number: 0592
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C3211
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, Stackable Washer/Dryer
  • Bedrooms: 3
  • Countertops: Granite
  • Floor Coverings: Carpet, Vinyl
  • Foundation: Piling
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Walk in Closet, Washer Connection
  • Optional Rooms: Loft

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Off Street

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Heat Pump
  • Water: Municipal

Condo/Co-op/Association

  • Home Owner Dwelling Insurance: 585

Lot Info

  • Lot Description: Beach Frontage, Level, Water Frontage
  • Lot Number: Lot C
  • Deed Book: 2129

Rental Info

  • Flood Expenses: 2096
  • Lease Terms: Weekly
  • Rental Co: Joe Lamb Realty
  • Rental Cottage Name: Sea Breeze II
  • Rental Cottage Number: 618
  • Rental Phone Number: 252-261-4444
  • Rental Turnover Day: Sunday
  • Yearly Expense Actual Estimate: Estimated
  • Annual Cable TV Expense: 2640
  • Annual Electric: 1680
  • Annual Water Expense: 960

Building Info

  • Year Built: 1981

Tax Info

  • Year: 2020
  • Taxes: 4208.83

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2021
Closed on
Mar 8, 2021
Sold by
Borkat Jarrod Eugene
Bought by
Johnson Calvin Bernerd and Johnson Sharon Lea
Seller's Agent
Hugh Willey
Sun Realty - KDH
Buyer's Agent
Heather McLay
Landmark Sotheby's International Realty
List Price
$799,000
Sold Price
$825,000
Premium/Discount to List
$26,000
3.25%
Current Estimated Value
$1,069,227

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$244,227
Avg. Annual Appreciation
5.76%

Purchase Details

Closed on
Oct 16, 2016
Sold by
Borkat Jarrod E and Borkat Angela M
Bought by
Borkat Angela and Borkat Jarrod Eugene
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
Johnson Calvin Bernerd $825,000 None Available
Borkat Angela -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Bernerd C $548,250
Previous Owner Borkat Jarrod E $321,750
Previous Owner Noel Jacqueline L $270,000
Previous Owner Noel Jacqueline L $455,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2021 03/08/21 Sold $825,000 +3.3% $595 / Sq Ft
02/22/2021 02/22/21 Pending -- -- --
02/22/2021 02/22/21 For Sale $799,000 -- $576 / 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 $4,200 $513,100 $225,000 $288,100
2023 $4,200 $524,624 $225,000 $299,624
2022 $4,200 $524,624 $225,000 $299,624
2021 $4,209 $524,624 $225,000 $299,624
2020 $4,200 $524,624 $225,000 $299,624
2014 $2,565 $332,300 $138,900 $193,400
Source: Public Records

Agents Affiliated with this Home

  • Hugh Willey

    Seller's Agent in 2021

    Hugh Willey

    Sun Realty - KDH

    (252) 489-8491

    77 Total Sales

    Section Image

  • G

    Seller Co-Listing Agent in 2021

    Geraldine Willey

    Sun Realty - KDH

    Section Image
  • Heather McLay

    Buyer's Agent in 2021

    Heather McLay

    Landmark Sotheby's International Realty

    (252) 202-3409

    181 Total Sales

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 113001

Outer Banks Association of REALTORS®

APN: 027427000

North Carolina Dare County Kitty Hawk 27948

5301 N Virginia Dare Trail, Kitty Hawk, NC

This home is located at 5301 N Virginia Dare Trail, Kitty Hawk, NC 27949 since 22 February 2021 and is currently estimated at $1,058,570, approximately $763 per square foot. This property was built in 1981. 5301 N Virginia Dare Trail is a home located in Dare County with nearby schools including Kitty Hawk 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.

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