NOT LISTED FOR SALE

5507 S Virginia Dare Trail Unit 102 Nags Head, NC 27959

Estimated Value: $686,413 - $786,000

3 Beds
2.5 Baths
1,830 Sq Ft
$401/Sq Ft Est. Value

Last Sold May 06, 2021

Last sale price $490,000 $268 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $5,173/month

64 Days on Market

Highlights

  • Beach Front
  • In Ground Pool
  • Granite Countertops
  • Community Beach Access
  • Furnished
  • Wet Bar

About This Home

As of May 2021

Beautiful, Spacious and Renovated Oceanfront Condominium in Nags Head with community pool and ELEVATOR. This coastal retreat offers generous space with an expansive oceanfront master retreat. Soak in the salty air, pelican fly by's and the sound of the waves on the oceanfront deck. A bright, open great room provides ample space for gatherings. You will love the entirely new kitchen! Stainless dishwasher, range oven, microwave, disposal, granite counters and stainless sink, tile and glass backsplash, wiring and lighting.The private master ensuite features a lovely walk in custom tiled shower, separate jetted tub and new double vanity. There is a lovely room off the master that can be used as a den, office or artist studio. The other two large bedrooms share a spacious full bath. Enjoy new plank tile in kitchen and great room. Custom wood shutters in master bedroom and great room drapes. The master bath renovation includes custom tile shower, double sink and vanity, faucets, mirror and commode. New carpet in all 3 bedrooms. Half bath has a new vanity, faucets , mirror, lighting and commode. New interior paint. HVAC (31/2 Ton, 14 Seer goodman heat pump 2017 with 10 year warranty. New furniture in dining room, bar stools, great room, master bedroom and outside furniture. Total Remodel Costs including new furnishings were over $60,000! The current owner does not attempt to maximize income. They have enjoyed many personal weeks at the retreat. Heron cove features, covered parking, community pool, easy private beach access and elevator. Owner uses several times during the year. Storage room for each condo under the complex great for beach chairs and other goodies.

Last Agent to Sell the Property

Whitney Hawkins

Brindley Beach Vacations & Sal License #187617 Listed on: 01/09/2021

Brindley Beach Vacations & Sal

Co-Listed By

Winston Hawkins

Brindley Beach Vacations & Sal License #188274

Last Buyer's Agent

Vanessa Watson

Coastal Carolina Vacations License #217744

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,174

Year Built

  • Built in 1987

Lot Details

  • 3.02

HOA Fees

  • $1,000 Monthly HOA Fees

Home Design

  • Property Attached
  • Entry on the 1st floor
  • Masonry Perimeter Foundation
  • Asphalt Shingled Roof
  • Masonry
  • Stucco

Interior Spaces

  • 1,830 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Window Treatments
  • Entrance Foyer
  • Library
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • Tuck Under Parking
  • Paved Parking
  • Parking Lot
  • Off-Street Parking

Pool

  • In Ground Pool
  • Outdoor Pool

Utilities

  • Central Heating and Cooling System
  • Heating System Mounted To A Wall or Window
  • Municipal Utilities District Water
  • Community Sewer or Septic

Additional Features

  • Covered Deck
  • Beach Front

Community Details

Overview

  • Association fees include building maintenance, pool, sewer/septic, water
  • 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

$3,174

Year Built

Built in 1987

Lot Details

0

HOA Fees

$1,000 per month

Listing Details

  • Class: RESIDENTIAL
  • Extras: Beach Access, Boardwalk to Beach, Covered Decks, Elevator, Smoke Detector(s)
  • Flood Zone: VE
  • Headline: Renovated Oceanfront, Elevator
  • Heated Sq Ft: 1830
  • L V T Date: 01/09/2021
  • Roads: Paved
  • Sale/Rent: For Sale
  • Unit Level Number: 1
  • Waterfront Location: Oceanfront
  • Zoning: Res Condo
  • Advertised Income 2020: 37465
  • Deed Book Pg Number: 27
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C26756
  • 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: 3
  • Countertops: Granite
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Tile
  • Foundation: Masonry
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: Ensuite, Some Windows Treated, Washer Connection, Wet Bar
  • Optional Rooms: Foyer, Library/Study
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Block, Masonry
  • Exterior: Stucco
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Garage: Carport
  • Parking: Parking Lot, Paved, Off Street, Under

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Lot Description: Beach Frontage, Water Frontage
  • Deed Book: 2030

Rental Info

  • Lease Terms: Weekly
  • Rental Co: Village Realty
  • Rental Cottage Number: HC102S
  • Annual Electric: 1118

Building Info

  • Year Built: 1987

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2020
  • Taxes: 3173.77

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2021
Closed on
Apr 22, 2021
Sold by
Favor Land Company Lc
Bought by
Merrihew Charles P
Seller's Agent
Whitney Hawkins
Brindley Beach Vacations & Sal
Buyer's Agent
Vanessa Watson
Coastal Carolina Vacations
List Price
$525,000
Sold Price
$490,000
Premium/Discount to List
-$35,000
-6.67%
Current Estimated Value
$733,853

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$243,853
Avg. Annual Appreciation
9.43%
Original Mortgage
$367,500
Outstanding Balance
$332,338
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$401,515
Source: Public Records

Range of Values:

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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
Merrihew Charles P $2,450,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merrihew Charles P $367,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/06/2021 05/06/21 Sold $490,000 -1.8% $268 / Sq Ft
03/14/2021 03/14/21 Pending -- -- --
03/05/2021 03/05/21 Price Changed $499,000 -2.2% $273 / Sq Ft
02/08/2021 02/08/21 Price Changed $510,000 -2.9% $279 / Sq Ft
01/09/2021 01/09/21 For Sale $525,000 +24.3% $287 / Sq Ft
06/25/2015 06/25/15 Sold $422,500 -15.2% $215 / Sq Ft View Prior Sale
05/13/2015 05/13/15 Pending -- -- --
01/11/2015 01/11/15 For Sale $498,500 -- $254 / 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 $3,980 $659,000 $250,000 $409,000
2024 $4,301 $476,900 $160,000 $316,900
2023 $1,961 $489,576 $160,000 $329,576
2022 $1,961 $489,576 $160,000 $329,576
2021 $1,966 $489,576 $160,000 $329,576
2020 $4,210 $489,576 $160,000 $329,576
2019 $2,212 $461,400 $275,000 $186,400
2018 $0 $461,400 $275,000 $186,400
2017 $2,104 $439,500 $275,000 $164,500
2016 $1,925 $439,500 $275,000 $164,500
2014 $4,150 $439,500 $275,000 $164,500
Source: Public Records

Agents Affiliated with this Home

  • Whitney Hawkins

    Seller's Agent in 2021

    Whitney Hawkins

    Brindley Beach Vacations & Sal

    (252) 202-4949

    3 in this area

    61 Total Sales

    Whitney Hawkins
    Section Image
  • Winston Hawkins

    Seller Co-Listing Agent in 2021

    Winston Hawkins

    Brindley Beach Vacations & Sal

    (252) 202-2002

    4 in this area

    57 Total Sales

    Winston Hawkins
    Section Image
  • Vanessa Watson

    Buyer's Agent in 2021

    Vanessa Watson

    Coastal Carolina Vacations

    (252) 202-8181

    13 in this area

    32 Total Sales

    Vanessa Watson
    Section Image
  • Colleen Shriver

    Seller's Agent in 2015

    Colleen Shriver

    Century 21 Nachman Realty

    (252) 305-4585

    1 in this area

    27 Total Sales

    Colleen Shriver
    Section Image
  • Randy Jones

    Buyer's Agent in 2015

    Randy Jones

    EXP Realty, LLC - Coastal

    (252) 202-2573

    10 in this area

    101 Total Sales

    Randy Jones
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 112365

Outer Banks Association of REALTORS®

APN: 012192002

North Carolina Dare County Nags Head 27959

5507 S Virginia Dare Trail Unit 102, Nags Head, NC

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