NOT LISTED FOR SALE

5507 S Virginia Dare Trail Unit 203B Nags Head, NC 27959

Estimated Value: $693,000 - $834,163

3 Beds
2.5 Baths
1,724 Sq Ft
$454/Sq Ft Est. Value

Last Sold January 12, 2024

Last sale price $839,900 $487 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $5,471/month

82 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Contemporary Architecture
  • Community Beach Access
  • In Ground Pool
  • Furnished

About This Home

As of January 2024

This Heron Cove flat offers fabulous ocean views and the best of beach living! The location could not be better on one of the best sections of beach on the Outer Banks, and within easy walking access to great restaurants, golf, shopping and more! Heron Cove is one of the most sought after developments on the Outer Banks. With quality construction, an elevator, and excellent management, Heron Cove offers owners outstanding value and peace of mind. Covered parking, generous ground floor storage for bikes and beach equipment, a large community swimming pool and private beach access 600 feet from the nearest public access are some of the reasons why these rarely become available. The roof is less than fifteen years old and the siding is less than five. The concrete construction of these building is solid and feels more substantial than others. Within a community of winners, this particular flat stands out for its ocean views and updates! The furnishings are fresh and with updates throughout, this unit is turn-key! The vinyl plank flooring is crisp and contemporary. Each of the baths has beautiful cabinetry and stone tops. The kitchen is warm and functional with granite and black appliances. The recently replaced slider doors frame beautiful ocean views and let in plenty of natural light. The 10 x 28 covered deck is well appointed with quality outdoor furniture and has two seating areas from which to take in the expansive water views. Please note that you can easily see the pool, but that it is not just below so that tranquility is maintained even when others are frolicking there. My favorite aspect of this condo is the generous floor plan. Because there are no stairs and the ocean views are emphasized in the living area and primary bedroom, it feels bigger than its 1700 square feet! The open concept living room/dining room has abundant space for relaxing, a wet bar, and extra card table. When you walk in after rounding the tastefully stained curved wall, you see the ocean right away. The primary bedroom is huge with an extra seating area or office space and a very generous bath with double vanities, a soaking tub, and beautiful tiled shower. One other bedroom has plenty of space for two bunk beds and the other bedroom has a queen bed with plenty of room to spare. I love that you can park underneath, take the elevator get inside with no stairs and stay dry and out of the sun. This unit continues to excel as an investment! It has achieved over $72k in rents for 2023. Detailed expenses are available. Bookings are currently withheld for 2024 so that the new owners will have priority for their personal use. The condo fee includes insurance for the structure, pool and all of the amenities, basic cable and internet, water and sewer. Hurry...this will sell quickly!

Last Agent to Sell the Property

Gray Berryman

Carolina Designs Realty License #214315 Listed on: 08/31/2023

Last Buyer's Agent

Jackie Ricks-Sample

Sun Realty - KDH License #47692

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,446

Year Built

  • Built in 1989

Lot Details

  • Beach Front

HOA Fees

  • $1,100 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Property Attached
  • Entry on the 2nd floor
  • Masonry
  • Stucco

Interior Spaces

  • 1,724 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Window Treatments
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Granite Countertops

Flooring

  • Carpet
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

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

Pool

  • In Ground Pool
  • Outdoor Shower
  • Gunite Pool

Outdoor Features

  • Covered Deck
  • Patio
  • Storage Shed

Utilities

  • 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
  • Seaside Management Association, Phone Number (252) 261-1200
  • Heron Cove Subdivision

Recreation

  • Community Beach Access
  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,446

Year Built

Built in 1989

Lot Details

0

HOA Fees

$1,100 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary
  • Extras: Beach Access, Covered Decks, Elevator, Outside Shower, Patio, Storage Shed, Dry Entry, Inside Laundry Room
  • Flood Zone: X
  • Subdivision Name: Heron Cove Condos Ph 2
  • Headline: Heron Cove with Ocean Views!
  • Heated Sq Ft: 1724
  • L V T Date: 08/31/2023
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Unit Level Number: 2
  • Waterfront Location: Oceanfront
  • Zoning: CR
  • Deed Book Pg Number: 0657
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C6124
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Ice Machine, Microwave, Range/Oven, Refrigerator, Stackable Washer/Dryer, Wine Cooler
  • Bedrooms: 3
  • Countertops: Granite
  • Floor Coverings: Carpet, Luxury Vinyl Plank
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Dryer Connection, Ensuite, Washer Connection, Wet Bar
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Block, Masonry
  • Exterior: Stucco
  • Pool: Yes
  • Pool: Association
  • Pool Type: Outdoor, In Ground, Gunite, Association Pool
  • View: Ocean

Garage/Parking

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

Utilities

  • Cooling: Heat Pump
  • Heating: Heat Pump
  • 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
  • Association Fee: Yes
  • Estimated Annual Fee: 13200
  • Hoa Contact: Seaside Management
  • HOA Contact: 252-261-1200

Lot Info

  • Lot Description: Beach Frontage, Water Frontage
  • Deed Book: 2662

Rental Info

  • Lease Terms: Weekly
  • Rental Co: Village Realty
  • Rental Cottage Name: Heron Cove 203N
  • Rental Cottage Number: H203N
  • Rental Turnover Day: Saturday
  • Rental Contact Email: pcole@vrobx.com
  • Rental Contact Name: Phyllis Cole
  • Rental Contact Phone: 2522831629

Building Info

  • Year Built: 1989

Tax Info

  • Year: 2023
  • Taxes: 4446

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2023
Closed on
Jan 2, 2024
Sold by
Brmk Investments Llc
Bought by
Little Mason Hepburn and Little Tamara Walker
Seller's Agent
Gray Berryman
Carolina Designs Realty
Buyer's Agent
Jackie Ricks-Sample
Sun Realty - KDH
List Price
$895,000
Sold Price
$839,900
Premium/Discount to List
-$55,100
-6.16%
Views
163
Current Estimated Value
$782,541

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$57,359
Avg. Annual Appreciation
-4.81%

Purchase Details

Closed on
Dec 27, 2022
Sold by
Robertson Bryan G and Kirkpatrick Michael D
Bought by
Brmk Investments Llc and Robertson

Purchase Details

Closed on
Dec 3, 2020
Sold by
Brmk Investments Llc
Bought by
Robertson Bryan G and Kirkpatrick Michael D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,300
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 14, 2014
Sold by
Robertson Bryan G and Kirkpatrick Michael D
Bought by
Brmk Investments Llc

Purchase Details

Listed on
Oct 8, 2013
Closed on
Oct 23, 2013
Sold by
Elins Charlene Amanda
Bought by
Robertson Bryan G and Kirkpatrick Michael D
Seller's Agent
Glenn Jungen
Twiddy and Company - Corolla
Buyer's Agent
Gray Berryman
Carolina Designs Realty
List Price
$429,900
Sold Price
$430,000
Premium/Discount to List
$100
0.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.08%
Original Mortgage
$344,000
Interest Rate
4.33%
Mortgage Type
New Conventional
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
Little Mason Hepburn $840,000 None Listed On Document
Brmk Investments Llc -- None Listed On Document
Robertson Bryan G -- None Available
Brmk Investments Llc -- None Available
Robertson Bryan G $430,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Robertson Bryan G $211,300
Previous Owner Robertson Bryan G $344,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2024 01/12/24 Sold $839,900 -6.2% $487 / Sq Ft
11/21/2023 11/21/23 Pending -- -- --
08/31/2023 08/31/23 For Sale $895,000 +108.1% $519 / Sq Ft
11/08/2013 11/08/13 Sold $430,000 0.0% $249 / Sq Ft
10/10/2013 10/10/13 Pending -- -- --
10/08/2013 10/08/13 For Sale $429,900 -- $249 / 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 $2,425 $493,600 $180,000 $313,600
2023 $2,419 $506,144 $180,000 $326,144
2022 $2,027 $506,144 $180,000 $326,144
2021 $2,032 $506,144 $180,000 $326,144
2020 $2,027 $506,144 $180,000 $326,144
2019 $2,244 $468,900 $300,000 $168,900
2018 $2,301 $468,900 $300,000 $168,900
2017 $2,244 $468,900 $300,000 $168,900
2016 $2,053 $468,900 $300,000 $168,900
2014 $2,372 $468,900 $300,000 $168,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 123271

Outer Banks Association of REALTORS®

APN: 030587000