NOT LISTED FOR SALE

5302 S Virginia Dare Trail Nags Head, NC 27959

Estimated Value: $1,567,907 - $1,871,000

8 Beds
6.5 Baths
4,148 Sq Ft
$411/Sq Ft Est. Value

Last Sold October 31, 2021

Last sale price $1,179,000 $284 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $9,348/month

23 Days on Market

Highlights

  • Community Beach Access
  • Home Theater
  • Second Refrigerator
  • Ocean Front
  • Heated In Ground Pool
  • Clubhouse

About This Home

As of October 2021

Beautiful Semi-Oceanfront in the Heart of Nags Head!!! "Aqua Palozza" is an extremely well maintained home at "Atlantic Watch" in the Villages of Nags. Located only steps away from the beach access makes this home consistently a rental machine. "Aqua Palooza" is complete with a private pool, hot tub, theater room and game room for everyone's vacation entertainment needs. The builder spared no expense using only high end materials, Anderson Doors and Windows, Cedar shake roof and complete with an elevator for easy access to all floors on the home. Centrally located close to grocery stores, restaurant's and shopping "Aqua Palooza" is simply in a prime location for the overall comfort and convenience of staying on the Outer Banks.

Last Agent to Sell the Property

Tim Lancsek

Surfside Realty License #210399 Listed on: 08/09/2021

Surfside Realty

Last Buyer's Agent

David Weybright

Coastal Outer Banks Realty License #185816

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,918

Year Built

  • Built in 2004

Lot Details

  • 0.27 Acre Lot
  • Ocean Front
  • Level Lot
  • Sprinkler System

HOA Fees

  • $46 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 4,148 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Home Theater
  • Ocean Views
  • Fire and Smoke Detector
  • Stacked Washer and Dryer

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Second Dishwasher
  • Laminate Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 8 Bedrooms

Parking

  • Tuck Under Parking
  • Paved Parking

Accessible Home Design

  • Handicap Accessible

Pool

  • Heated In Ground Pool
  • Outdoor Pool
  • Vinyl Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Exterior Lighting
  • Tiki or Chickee Hut

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Community Sewer or Septic

Listing and Financial Details

  • Legal Lot and Block 1 / 1

Community Details

Overview

  • Association fees include building maintenance, cable, common electric, common insurance, flood insurance, grounds maintenance, management, pool, sewer/septic, taxes, tennis courts
  • Ansley Miller Association
  • Vil Nh Atlantic Watch Subdivision

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Community Beach Access
  • Tennis Courts
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,918

Year Built

Built in 2004

Lot Details

0

HOA Fees

$46 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Nags Head, Coastal
  • Extras: Ceiling Fan(s), Elevator, Handicap Friendly, Hot Tub, Lawn Sprinklers, Outside Lighting, Outside Shower, Smoke Detector(s), Tiki Bar
  • Flood Zone: X
  • Subdivision Name: Village at Nags Head - Atlantic Watch
  • Heated Sq Ft: 4148
  • L V T Date: 08/09/2021
  • Roads: Public
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: Residentia
  • Deed Book Pg Number: 0272
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Village at Nags Head
  • Newpoint Media: Yes
  • Office License Number: C21933
  • 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, Washer, 2nd Dishwasher, 2nd Refrigerator, Stackable Washer/Dryer
  • Bedrooms: 8
  • Countertops: Laminate, Solid Surface
  • Floor Coverings: Carpet, Wood, Vinyl Tile, Plank
  • Foundation: Piling, Slab
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Washer Connection, Wet Bar
  • Optional Rooms: Foyer, Home Theater
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Wood
  • Exterior: Lap Siding, Cement Fiber Board
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Vinyl, Heated, Private Pool, Association Pool
  • Roof: Wood Shingles
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Under

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Forced Air, Heat Pump, Zoned
  • Sewer/Septic System: Community Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Building Maintenance, Cable, Common Electric, Common Insurance, Flood Insurance, Grounds Maintenance, Management, Pool, Sewer/Septic, Taxes, Tennis Courts
  • Association Amenities: Clubhouse, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 550
  • Hoa Contact: Ansley Miller
  • HOA Contact: ansleym@vrobx.com

Lot Info

  • Estimated Lot Sq Ft: 11761
  • Lot Description: Level
  • Lot Number: Lot 1
  • Estimated Lot Size: 0.27
  • Deed Book: 1946

Rental Info

  • Est Annual Rental Income: 124573
  • Estimated Rental Performance: 0.1057
  • Lease Terms: Weekly
  • Rental Co: Resort Realty
  • Rental Cottage Name: Aquapalozza
  • Rental Cottage Number: 5578
  • Rental Phone Number: 2524415000
  • Rental Turnover Day: Saturday
  • Rental Contact Email: DEBBIE.HARRELL@RESORTREALTY.COM
  • Rental Contact Phone: 252-255-3563

Building Info

  • Year Built: 2004

Tax Info

  • Year: 2020
  • Taxes: 6918.3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2021
Closed on
Nov 1, 2021
Sold by
Braeburn Farm Enterprise Llc
Bought by
5302 S Virginia Dare Llc
Seller's Agent
Tim Lancsek
Surfside Realty
Buyer's Agent
David Weybright
Coastal Outer Banks Realty
List Price
$1,249,000
Sold Price
$1,179,000
Premium/Discount to List
-$70,000
-5.6%
Current Estimated Value
$1,705,727

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$526,727
Avg. Annual Appreciation
9.78%
Original Mortgage
$935,200
Outstanding Balance
$852,815
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$852,912

Purchase Details

Listed on
Aug 9, 2021
Closed on
Oct 25, 2021
Sold by
Braeburn Farm Enterprise Llc
Bought by
5302 S Virginia Dare Llc
Seller's Agent
Tim Lancsek
Surfside Realty
Buyer's Agent
David Weybright
Coastal Outer Banks Realty
List Price
$1,249,000
Sold Price
$1,179,000
Premium/Discount to List
-$70,000
-5.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$935,200
Outstanding Balance
$852,815
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$852,912

Purchase Details

Closed on
Nov 19, 2013
Sold by
Durso Michael J and Durso Margarita J
Bought by
Braeburn Farm Enterprises Llc
Source: Public Records

Range of Values:

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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
5302 S Virginia Dare Llc $1,179,000 None Available
5302 S Virginia Dare Llc $5,895,000 Sharp Starkey
Braeburn Farm Enterprises Llc $891,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 5302 S Virginia Dare Llc $935,200
Closed 5302 S Virginia Dare Llc $935,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2021 10/31/21 Sold $1,179,000 -5.6% $284 / Sq Ft
09/01/2021 09/01/21 Pending -- -- --
08/09/2021 08/09/21 For Sale $1,249,000 -- $301 / 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 $4,276 $1,589,800 $658,100 $931,700
2024 $7,362 $972,800 $334,100 $638,700
2023 $3,998 $998,348 $334,100 $664,248
2022 $3,998 $998,348 $334,100 $664,248
2021 $2,920 $998,348 $334,100 $664,248
2020 $6,566 $998,348 $334,100 $664,248
2019 $3,921 $807,100 $264,600 $542,500
2018 $3,934 $807,100 $264,600 $542,500
2017 $3,934 $807,100 $264,600 $542,500
2016 $3,587 $807,100 $264,600 $542,500
2014 $3,587 $807,100 $264,600 $542,500
Source: Public Records

Agents Affiliated with this Home

  • Tim Lancsek

    Seller's Agent in 2021

    Tim Lancsek

    RE/MAX

    (252) 619-6089

    11 in this area

    127 Total Sales

    Tim Lancsek
    Section Image
  • David Weybright

    Buyer's Agent in 2021

    David Weybright

    Coastal Outer Banks Realty

    (252) 305-2400

    10 in this area

    75 Total Sales

    David Weybright
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 115634

Outer Banks Association of REALTORS®

APN: 027839087

North Carolina Dare County Nags Head 27959

5302 S Virginia Dare Trail, Nags Head, NC

This home is located at 5302 S Virginia Dare Trail, Nags Head, NC 27959 since 09 August 2021 and is currently estimated at $1,705,727, approximately $411 per square foot. This property was built in 2004. 5302 S Virginia Dare Trail is a home located in Dare County with nearby schools including Nags Head Elementary School, Manteo Middle School, and Manteo High School.

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