NOT LISTED FOR SALE

5401 S Virginia Dare Trail Unit 3 Nags Head, NC 27959

Estimated Value: $579,493 - $680,000

2 Beds
2.5 Baths
1,277 Sq Ft
$492/Sq Ft Est. Value

Last Sold February 24, 2020

Last sale price $442,000 $346 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $4,229/month

16 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Wood Flooring
  • Community Beach Access
  • In Ground Pool
  • Hydromassage or Jetted Bathtub

About This Home

As of February 2020

You will not want to miss this gorgeous oceanfront condo right on the beautiful Nags Head beach! Located in a quaint, private community with only eight units total. Completely redone and turn-key, this one is move in ready! The owners have taken excellent care of this property and it shows. Attention to detail at every turn and professionally decorated/furnished, this unit is meticulously maintained so you won't need to do a thing, except move right in. This is a great rental property but would also make an ideal second home/beach getaway with no maintenance or worries. Amazing ocean views from both the master bedroom on the mid-floor and the beautiful, bright, open living area on top level. Additional larger windows/new slider really maximize the stunning views and allow for plenty of natural lighting. New paint throughout, hardwood floors, Beadboard accents on the walls, new drywall, new furniture, and new fixtures. The updated wood burning fireplace has a beautiful new tile design, the bar area (with 2nd sink) has custom light fixtures that accentuate the upscale feel of this wonderful beach property. Enjoy the amazing sunrises over the ocean from the oceanfront deck with Trex decking, and new high-quality Polywood outdoor furniture. Totally updated, spacious kitchen with granite counter tops, under cabinet lighting, and the newest matte stainless steel appliances. Plenty of seating at the bar and dining areas. Beautiful updated powder room off living area too! Mid floor bedroom level has new, upscale washer/dryer in the hall closet. Master bedroom on the ocean side has deck access, built in custom shelves/cabinets, lots of closet space, large jet tub, and totally updated/remodeled bathroom new shower and vanity. Second master on west side also has totally updated bathroom and a spacious feel in the comfortable bedroom. New carpet in both bedrooms. Great outdoor shower area and nice wooden deck on the west side of unit add to the outdoor appeal so you can grill out and even watch the sunsets from the backyard. Tile entryway into the unit from the neat/tidy carport area (with added storage), complete with an added heater for those cooler nights at the beach. Nice cedar shake exterior, newer piping, extra attic insulation, and more! These owners have thought of everything. Community has a private pool and direct beach access. Be sure to view the virtual tour by clicking link or cut/paste into your browser: https://my.matterport.com/show/?m=kavzJjW5jtB&mls=1

Last Agent to Sell the Property

Heather McLay

Landmark Sotheby's International Realty License #188982 Listed on: 12/22/2019

Landmark Sotheby's International Realty

Co-Listed By

Ashley Ladd

Twiddy and Co. - Duck License #276643

Last Buyer's Agent

Suzie Scholten

Midgett Realty - Hatteras License #211406

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,281

Year Built

  • Built in 1985

Lot Details

  • Beach Front
  • Lot includes common area
  • Level Lot

HOA Fees

  • $720 Monthly HOA Fees

Parking

  • Paved Parking

Home Design

  • Reverse Style Home
  • Property Attached
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding
  • Piling Construction
  • Masonry

Interior Spaces

  • 1,277 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Bay Window
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Exterior Lighting

Utilities

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

Community Details

Overview

  • Association fees include building maintenance, cable, common electric, common insurance, grounds maintenance, management, pool, water
  • Karl Kniffin Association
  • Whisperng Sands Subdivision

Recreation

  • Community Beach Access
  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,281

Year Built

Built in 1985

Lot Details

0

HOA Fees

$720 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: From 158 turn East on the the Nags Head Police Dept rd and then take a right onto the beach road. Take the first left into Whispering Sands.
  • Extras: Beach Access, Ceiling Fan(s), Jet Tub, Outside Lighting, Smoke Detector(s)
  • Headline: Gorgeous Condo! Amazing Views!
  • Heated Sq Ft: 1277
  • L V T Date: 12/22/2019
  • Roads: Paved
  • Sale/Rent: For Sale
  • Unit Level Number: 1
  • Waterfront Location: Oceanfront
  • Zoning: res
  • Advertised Income 2020: 22825
  • Deed Book Pg Number: 0074
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C4556
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 2
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Wood
  • Foundation: Piling
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: Bay/Bow Window, Dryer Connection, Ensuite, Some Windows Treated, Washer Connection, Wood Fireplace
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Masonry
  • Exterior: Shakes, Wood
  • Pool: Yes
  • Pool: Association
  • Pool Type: Outdoor, In Ground, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Paved

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Building Maintenance, Cable, Common Electric, Common Insurance, Grounds Maintenance, Management, Pool, Water
  • Condo Type: Attached
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool
  • Association Fee: Yes
  • Estimated Annual Fee: 8640
  • Hoa Contact: Karl Kniffin
  • HOA Contact: KarlKniffin@villagerealty

Lot Info

  • Lot Description: Adj. To Common Area, Beach Frontage, Level
  • Deed Book: 1631

Rental Info

  • Lease Terms: Weekly
  • Rental Co: Village Realty
  • Rental Cottage Name: Whispering Sands #3
  • Rental Cottage Number: WS03
  • Rental Phone Number: 252-480-2224
  • Rental Turnover Day: Saturday
  • Rental Contact Email: rentals@villagerealtyobx.com
  • Rental Contact Name: Kim Stetson/ Laura Payne
  • Rental Contact Phone: 252-480-2224

Building Info

  • Year Built: 1985

Tax Info

  • Year: 2019
  • Taxes: 3280.95

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 22, 2019
Closed on
Feb 21, 2020
Sold by
Ceconi William P and Ceconi Joyce M
Bought by
Thompson Carl J and Thompson Roscha
Seller's Agent
Heather McLay
Landmark Sotheby's International Realty
Buyer's Agent
Suzie Scholten
Midgett Realty - Hatteras
List Price
$449,000
Sold Price
$442,000
Premium/Discount to List
-$7,000
-1.56%
Current Estimated Value
$617,542

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,542
Avg. Annual Appreciation
6.66%
Original Mortgage
$375,700
Outstanding Balance
$335,475
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$292,898

Purchase Details

Closed on
Mar 13, 2005
Sold by
Duban Thomas W and Duban Yvonne Camp
Bought by
Ceconl William P and Ceconl Joyce M
Source: Public Records

Range of Values:

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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
Thompson Carl J $442,000 None Available
Ceconl William P $505,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson Carl J $375,700
Previous Owner Ceconi William P $285,000
Previous Owner Ceconi William P $320,000
Previous Owner Ceconi Joyce M $403,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2020 02/24/20 Sold $442,000 -1.6% $346 / Sq Ft
01/07/2020 01/07/20 Pending -- -- --
12/22/2019 12/22/19 For Sale $449,000 -- $352 / 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 $1,731 $362,200 $160,000 $202,200
2023 $1,731 $362,200 $160,000 $202,200
2022 $1,451 $362,200 $160,000 $202,200
2021 $3,102 $370,288 $160,000 $210,288
2020 $1,483 $370,288 $160,000 $210,288
2019 $1,603 $334,100 $195,000 $139,100
2018 $1,606 $334,100 $195,000 $139,100
2017 $1,603 $334,100 $195,000 $139,100
2016 $1,467 $334,100 $195,000 $139,100
2014 $3,162 $334,100 $195,000 $139,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 107661

Outer Banks Association of REALTORS®

APN: 012191003