NOT LISTED FOR SALE

5305 Virginia Dare Trail N Kitty Hawk, NC 27949

Estimated Value: $828,000 - $1,117,000

3 Beds
2 Baths
1,300 Sq Ft
$699/Sq Ft Est. Value

Last Sold December 02, 2013

Last sale price $375,000 $288 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $5,299/month

303 Days on Market

Highlights

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

About This Home

As of December 2013

This cottage is the epitome of Kitty Hawk oceanfronts. 75 foot wide lot. Ocean views from everywhere in the home. Rental bookings for 2013 exceeding 2012 year to date. Extremely popular 3 bedroom, 2 bath w/ loft area. Large loft is a real bonus and currently sleeps 4(kids love it), but it offers numerous other possibilities. Very solid construction as evidenced by condition relative to age. Low maintenance , worry free beach house, with super rentals. Location is great w/very little traffic yet convenient to everything and once you cross the bridge you are home. $51,735 rents for 2012. $51,700 confirmed for 2013 as of 11/1/13. Best ROI going...Insurances transferable and paid thru April/May 2014. Call today..

Last Agent to Sell the Property

Dick Thompson

Default, Office License #68367 Listed on: 11/30/2012

Last Buyer's Agent

Ralph Hodges

Default, Office License #24412

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,359

Year Built

  • Built in 1981

Lot Details

  • Beach Front
  • 75 Feet of Waterfront

Home Design

  • Coastal Architecture
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 1,300 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Skylights
  • Window Treatments
  • Loft
  • Ocean Views
  • Stacked Washer and Dryer

Kitchen

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

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms

Outdoor Features

  • Sun Deck

Utilities

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

Community Details

  • Seamonte Corp Subdivision

Listing and Financial Details

  • Tax Lot B

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,359

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Directions: 5th oceanfront south of The Hilton on the service road(lite traffic).
  • Extras: Beach Access, Sun Deck
  • Flood Zone: VE
  • Subdivision Name: Seamonte Corp.
  • Headline: SECOND CHANCE OPPORTUNITY!!!
  • Heated Sq Ft: 1300
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: r
  • Deed Book Pg Number: 0708
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

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

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Lap Siding, Vinyl
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 75
  • View: Ocean
  • Water Frontage: 75

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Heat Pump
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Condo/Co-op/Association

  • Home Owner Dwelling Insurance: 1672

Lot Info

  • Lot Description: Beach Frontage, Water Frontage
  • Lot Size: 75 x mhw
  • Lot Number: Lot B
  • Deed Book: 0705

Rental Info

  • Est Annual Rental Income: 51735
  • Estimated Rental Performance: 0.138
  • Flood Expenses: 1281
  • Other Expenses: 1440
  • Rental Co: Joe Lamb Realty
  • Rental Cottage Name: Easystreet
  • Rental Cottage Number: 381
  • Rental Turnover Day: Sat
  • Annual Electric: 1340
  • Annual Water Expense: 536

Building Info

  • Year Built: 1981

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2012
  • Taxes: 2359

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2012
Closed on
Dec 2, 2013
Sold by
Sheffield Steven T and Sheffield Bonita R
Bought by
Harrison William Scott and Hanebutte Nadine
Seller's Agent
Dick Thompson
Default, Office
Buyer's Agent
Ralph Hodges
Default, Office
List Price
$409,000
Sold Price
$375,000
Premium/Discount to List
-$34,000
-8.31%
Current Estimated Value
$908,072

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$533,072
Avg. Annual Appreciation
7.86%
Original Mortgage
$300,000
Interest Rate
4.31%
Mortgage Type
New Conventional
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
Harrison William Scott $375,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harrison William Scott $264,500
Closed Harrison William Scott $300,000
Previous Owner Sheffield Steven T $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2013 12/02/13 Sold $375,000 -8.3% $288 / Sq Ft
09/29/2013 09/29/13 Pending -- -- --
11/30/2012 11/30/12 For Sale $409,000 -- $315 / 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 $4,211 $514,500 $225,000 $289,500
2023 $2,061 $526,080 $225,000 $301,080
2022 $4,211 $526,080 $225,000 $301,080
2021 $4,211 $526,080 $225,000 $301,080
2020 $4,211 $526,080 $225,000 $301,080
2019 $3,138 $328,000 $138,900 $189,100
2018 $3,138 $328,000 $138,900 $189,100
2017 $3,138 $328,000 $138,900 $189,100
2016 $3,003 $328,000 $138,900 $189,100
2014 $2,531 $328,000 $138,900 $189,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 77051

Outer Banks Association of REALTORS®

APN: 027426000