NOT LISTED FOR SALE

5507 S Virginia Dare Trail Unit 101 Nags Head, NC 27959

Estimated Value: $617,000 - $752,000

3 Beds
2 Baths
1,939 Sq Ft
$353/Sq Ft Est. Value

Last Sold April 11, 2022

Last sale price $505,000 $260 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $4,826/month

235 Days on Market

Highlights

  • Beach Front
  • In Ground Pool
  • Hydromassage or Jetted Bathtub
  • Community Beach Access
  • Coastal Architecture
  • Furnished

About This Home

As of April 2022

With over 1900 square feet of living, this south facing end condo has a lot to offer. Bright and open with a modern concept . Newly remodeled master bedroom features a private sitting deck facing west to capture sunset views. Updates continue in the master bathroom with a new vanity. The great room opens onto an east facing private tiled and covered balcony. New HVAC 2020. Heron Cove is a well-managed condo community with a very nice pool and deck. The boardwalk to the beach makes it easy to grab the sand-chair. The building has a very convenient elevator, outdoor shower, family-sized dunetop deck, a community grilling area, individual ground floor storage units and covered parking.

Last Agent to Sell the Property

Inna Pencheva

Landmark Sotheby's International Realty License #289035 Listed on: 07/22/2021

Landmark Sotheby's International Realty

Last Buyer's Agent

Teri Tillett

Outer Banks Realty Group License #271801

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,724

Year Built

  • Built in 1987

Lot Details

  • Beach Front
  • Landscaped
  • Level Lot

HOA Fees

  • $1,000 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Property Attached
  • Entry on the 1st floor
  • Masonry Perimeter Foundation
  • Shake Siding
  • Piling Construction
  • Masonry

Interior Spaces

  • 1,939 Sq Ft Home
  • Elevator
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Entrance Foyer
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Parking Lot
  • Off-Street Parking

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Covered Deck
  • Exterior Lighting
  • Storage Shed

Utilities

  • Central Air
  • Private Sewer

Community Details

Overview

  • Association fees include building maintenance, cable, common electric, common insurance, grounds maintenance, management, pool, sewer/septic, water, walkways
  • Village Realty Association
  • Heron Cove Subdivision

Amenities

  • Common Area

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,724

Year Built

Built in 1987

Lot Details

0

HOA Fees

$1,000 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Coastal
  • Directions: Oceanfront in Nags Head, close to Town Hall. First floor, south building, most south condo.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Elevator, Jet Tub, Landscaped, Outside Lighting, Outside Shower, Smoke Detector(s), Storage Shed
  • Flood Zone: VE
  • Headline: South End Unit - Oceanfront
  • Heated Sq Ft: 1939
  • L V T Date: 07/22/2021
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Unit Level Number: 1
  • Waterfront Location: Oceanfront
  • Zoning: Res Condo
  • Advertised Income 2020: 36051
  • Advertised Income 2021: 38155
  • Deed Book Pg Number: 0264
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C25379
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 3
  • Countertops: Silestone
  • Floor Coverings: Carpet, Tile
  • Foundation: Masonry, Piling
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Dryer Connection, Ice Maker Connection, Ensuite, Washer Connection
  • Optional Rooms: Foyer

Exterior Features

  • Construction: Masonry, Wood
  • Exterior: Shakes
  • Pool: Yes
  • Pool: Association
  • Pool Type: Outdoor, In Ground, Association Pool
  • Roof: Tar/Gravel

Garage/Parking

  • Parking: Parking Lot, Paved, Off Street

Utilities

  • Cooling: Central
  • Sewer/Septic System: Private Sewer

Condo/Co-op/Association

  • HOA Fee Includes: Building Maintenance, Cable, Common Electric, Common Insurance, Grounds Maintenance, Management, Pool, Sewer/Septic, Water, Walkways
  • Condo Type: Attached
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 12000
  • Hoa Contact: Village Realty
  • HOA Contact: Courtney Fowler

Lot Info

  • Lot Description: Beach Frontage, Level, Water Frontage
  • Deed Book: 2383

Rental Info

  • Lease Terms: Weekly
  • Rental Co: Resort Realty
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 1987

Tax Info

  • Year: 2020
  • Taxes: 3724

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2020
Sold by
King Stephen P and King Angela J
Bought by
5507 Va Dare Trail Llc
Current Estimated Value
$683,727

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,500
Outstanding Balance
$275,958
Interest Rate
3.65%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$407,769

Purchase Details

Closed on
Jul 7, 2017
Sold by
Jims Joint Venture
Bought by
King Stephen P and King Angela J
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
5507 Va Dare Trail Llc -- None Available
King Stephen P $1,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 5507 Va Dare Trail Llc $307,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2022 04/11/22 Sold $505,000 -2.9% $260 / Sq Ft
03/14/2022 03/14/22 Pending -- -- --
02/17/2022 02/17/22 Price Changed $520,000 -3.5% $268 / Sq Ft
10/08/2021 10/08/21 Price Changed $539,000 -3.6% $278 / Sq Ft
07/22/2021 07/22/21 For Sale $559,000 -- $288 / 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 $2,193 $447,400 $160,500 $286,900
2023 $1,838 $458,876 $160,500 $298,376
2022 $1,838 $458,876 $160,500 $298,376
2021 $3,836 $458,876 $160,500 $298,376
2020 $2,034 $507,964 $160,500 $347,464
2019 $2,031 $423,000 $240,000 $183,000
2018 $2,087 $423,000 $240,000 $183,000
2017 $2,031 $423,000 $240,000 $183,000
2016 $1,858 $423,000 $240,000 $183,000
2014 $4,015 $423,000 $240,000 $183,000
Source: Public Records

Agents Affiliated with this Home

  • I

    Seller's Agent in 2022

    Inna Pencheva

    Landmark Sotheby's International Realty

    (252) 207-6647

    2 in this area

    29 Total Sales

    Inna Pencheva
    Section Image
  • Teri Tillett

    Buyer's Agent in 2022

    Teri Tillett

    Outer Banks Realty Group

    (252) 489-8138

    3 in this area

    21 Total Sales

    Teri Tillett
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 115344

Outer Banks Association of REALTORS®

APN: 012192001

North Carolina Dare County Nags Head 27959

5507 S Virginia Dare Trail Unit 101, Nags Head, NC

This home is located at 5507 S Virginia Dare Trail Unit 101, Nags Head, NC 27959 since 22 July 2021 and is currently estimated at $683,727, approximately $352 per square foot. This property was built in 1987. 5507 S Virginia Dare Trail Unit 101 is a home located in Dare County with nearby schools including Nags Head Elementary School, Manteo Middle School, and Manteo 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.

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