NOT LISTED FOR SALE

5507 S Virginia Dare Trail Unit 104 Nags Head, NC 27959

Estimated Value: $542,000 - $788,000

3 Beds
2 Baths
2,109 Sq Ft
$331/Sq Ft Est. Value

Last Sold June 24, 2015

Last sale price $390,000 $185 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $4,447/month

132 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Coastal Architecture
  • Community Beach Access
  • Outdoor Pool
  • Hydromassage or Jetted Bathtub

About This Home

As of June 2015

Seller Says Bring All Offers! Corner Unit With More Windows. Bright and Sunny! Rare opportunity to own in Heron Cove. Large Three Bedroom Condo on the Oceanfront. Owner has used as primary residence and has taken great care. Custom paint and beautiful wood cabinetry in the open living area. Located on first floor for easy access to pool, beach and parking. New wide nourished beach. Solid Metal Frame Construction. Heron Cove has a very solid Owners Association and is well funded. This is a Primary Residence but would make a fantastic rental machine like the rest of the units. Why spend more on a single home when you can have so much more for so much less! Lives Big!

Last Agent to Sell the Property

Daniel Martier

Ford Luxury Properties, LLC License #212645 Listed on: 12/26/2014

Co-Listed By

Jane Ford

Ford Luxury Properties, LLC License #212824

Last Buyer's Agent

Randy Jones

EXP Realty, LLC - Coastal License #187811

EXP Realty, LLC - Coastal

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,076

Year Built

  • Built in 1987

Lot Details

  • Beach Front
  • Landscaped
  • Level Lot

HOA Fees

  • $440 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Property Attached
  • Entry on the 1st floor
  • Shake Siding
  • Metal Construction or Metal Frame
  • Masonry
  • Stucco

Interior Spaces

  • 2,109 Sq Ft Home
  • Elevator
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • Tuck Under Parking
  • Paved Parking

Outdoor Features

  • Outdoor Pool
  • Sun Deck
  • Covered Deck
  • Patio
  • 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, flood insurance, grounds maintenance, management, pool, sewer/septic, water, walkways
  • Heron Cove Subdivision

Amenities

  • Common Area

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,076

Year Built

Built in 1987

Lot Details

0

HOA Fees

$440 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Coastal
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Curbs, Covered Decks, Elevator, Jet Tub, Landscaped, Outside Lighting, Patio, Smoke Detector(s), Sun Deck
  • Headline: Spacious and Ocean Views
  • Heated Sq Ft: 2109
  • Primary Residence: Yes
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Unit Level Number: 1
  • Waterfront Location: Oceanfront
  • Zoning: Res Condo
  • Deed Book Pg Number: 0019
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 3
  • Floor Coverings: Carpet, Ceramic Tile, Vinyl
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Dryer Connection, Ice Maker Connection, Ensuite, Washer Connection

Exterior Features

  • Construction: Masonry, Metal
  • Exterior: Shakes, Stucco
  • Pool: Yes
  • Pool: Private and Association
  • View: Ocean

Garage/Parking

  • Parking: Paved, Under

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Heat Pump
  • Oilgas Severed Pre Owner: No Representation
  • 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, Water, Walkways
  • Condo Type: Attached
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 5280

Lot Info

  • Lot Description: Beach Frontage, Level, Water Frontage
  • Deed Book: 1726

Rental Info

  • Est Annual Rental Income: 38000
  • Estimated Rental Performance: 0.0974

Building Info

  • Year Built: 1987

Tax Info

  • Year: 2014
  • Taxes: 2076

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 15, 2021
Sold by
Favor Land Company Lc
Bought by
Johnson Kenneth S and Johnson Deanne O
Current Estimated Value
$697,554

Purchase Details

Closed on
Jan 30, 2007
Sold by
Wagner John T and Wagner Marianne L
Bought by
Wagner Marianne L
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
Johnson Kenneth S $520,000 None Available
Wagner Marianne L -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2015 06/24/15 Sold $390,000 -20.2% $185 / Sq Ft
05/07/2015 05/07/15 Pending -- -- --
12/26/2014 12/26/14 For Sale $489,000 -- $232 / 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 $4,192 $688,600 $165,000 $523,600
2024 $4,607 $509,100 $160,500 $348,600
2023 $2,095 $523,044 $160,500 $362,544
2022 $2,095 $523,044 $160,500 $362,544
2021 $2,100 $523,044 $160,500 $362,544
2020 $4,447 $523,044 $160,500 $362,544
2019 $2,313 $483,000 $300,000 $183,000
2018 $0 $483,000 $300,000 $183,000
2017 $2,313 $483,000 $300,000 $183,000
2016 $2,116 $483,000 $300,000 $183,000
2014 $4,477 $483,000 $300,000 $183,000
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2015

    Daniel Martier

    Ford Luxury Properties, LLC

    (252) 255-6460

    7 Total Sales

    Daniel Martier
    Section Image
  • Jane Ford

    Seller Co-Listing Agent in 2015

    Jane Ford

    Ford Luxury Properties, LLC

    (252) 599-0055

    1 in this area

    6 Total Sales

    Jane Ford
    Section Image
  • Randy Jones

    Buyer's Agent in 2015

    Randy Jones

    EXP Realty, LLC - Coastal

    (252) 202-2573

    10 in this area

    102 Total Sales

    Randy Jones
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 86173

Outer Banks Association of REALTORS®

APN: 012192004

North Carolina Dare County Nags Head 27959

5507 S Virginia Dare Trail Unit 104, Nags Head, NC

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