NOT LISTED FOR SALE

5507 S Virginia Dare Trail Unit 204 B Nags Head, NC 27959

Estimated Value: $722,586 - $825,000

3 Beds
3 Baths
1,939 Sq Ft
$394/Sq Ft Est. Value

Last Sold November 17, 2022

Last sale price $700,000 $361 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $5,159/month

7 Days on Market

Highlights

  • Community Beach Access
  • Outdoor Pool
  • Wet Bar
  • Ocean Front
  • Furnished
  • Covered Deck

About This Home

As of November 2022

You deserve to enjoy oceanfront living! Imagine waking up every morning and looking out your window to see the glimmering waves of the Atlantic Ocean... Picture yourself taking a leisurely stroll on the beach after dinner, feeling the sand between your toes...Heron Cove Condos offers you all of this and more! This spacious, 3 bedroom, 3 bath condo located in the heart of Nags Head is the perfect option for a second home or an investment home. This is an end unit on the second floor offering more windows than the interior units. And yes! There is an elevator for your convenience! You’ll love spending time outdoors surrounded by natural beauty – relax on the sun-drenched decks or take in the salty air from your private balcony. Come experience coastal living at its finest!

Last Agent to Sell the Property

Randy Jones

EXP Realty, LLC - Coastal License #187811 Listed on: 10/11/2022

EXP Realty, LLC - Coastal

Co-Listed By

Lynn Sherman

EXP Realty, LLC - Coastal License #183247

Last Buyer's Agent

Sarah Spencer

Keller Williams - Outer Banks License #185795

Keller Williams - Outer Banks

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,640

Year Built

  • Built in 1989

Lot Details

  • Ocean Front

HOA Fees

  • $1,000 Monthly HOA Fees

Home Design

  • Property Attached
  • Entry on the 2nd floor
  • Slab Foundation
  • Masonry Perimeter Foundation
  • Frame Construction
  • Masonry

Interior Spaces

  • 1,939 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Tuck Under Parking
  • Paved Parking
  • Parking Lot

Pool

  • Outdoor Pool
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

  • Heat Pump System
  • Municipal Utilities District Water
  • Community Sewer or Septic

Community Details

Overview

  • Association fees include building maintenance, common electric, common insurance, grounds maintenance, management, pool, sewer/septic, walkways
  • Village Realty Association, Phone Number (252) 480-2224
  • Heron Cove Subdivision

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,640

Year Built

Built in 1989

Lot Details

0

HOA Fees

$1,000 per month

Listing Details

  • Class: RESIDENTIAL
  • Directions: Northern end unit in the north building, 2nd floor.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Elevator, Outside Lighting, Outside Shower, Sun Deck, Inside Laundry Room
  • Flood Zone: VE, X
  • Headline: Well Appointed! Ocean Views!!
  • Heated Sq Ft: 1939
  • L V T Date: 10/11/2022
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Unit Level Number: 2
  • Waterfront Location: Oceanfront
  • Zoning: R
  • Advertised Income 2021: 50814
  • Advertised Income 2022: 52525
  • Deed Book Pg Number: 230
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C32879
  • 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
  • Floor Coverings: Carpet, Tile, Luxury Vinyl Plank
  • Foundation: Masonry, Slab
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Dryer Connection, Ensuite, Washer Connection, Wet Bar

Exterior Features

  • Construction: Frame, Masonry, Wood
  • Pool: Yes
  • Pool: Association
  • Pool Type: Association Pool
  • View: Ocean

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Building Maintenance, Common Electric, Common Insurance, Grounds Maintenance, Management, Pool, Sewer/Septic, Walkways
  • Condo Type: Attached
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool
  • Association Fee: Yes
  • Estimated Annual Fee: 12000
  • Hoa Contact: Village Realty
  • HOA Contact: 252-480-2224

Lot Info

  • Deed Book: 757

Rental Info

  • Lease Terms: Weekly
  • Rental Co: Resort Realty
  • Rental Cottage Name: Lands End Herons Cove
  • Rental Cottage Number: 5605
  • Rental Phone Number: 441-5000
  • Rental Turnover Day: Sat

Building Info

  • Year Built: 1989

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2022
  • Taxes: 3640

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2022
Closed on
Nov 17, 2022
Sold by
Cowan Pat D
Bought by
Eanet Sarah Rebecca and Eanet Frances Elizabeth
Seller's Agent
Randy Jones
EXP Realty, LLC - Coastal
Buyer's Agent
Sarah Spencer
Keller Williams - Outer Banks
List Price
$650,000
Sold Price
$700,000
Premium/Discount to List
$50,000
7.69%
Current Estimated Value
$763,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,647
Avg. Annual Appreciation
2.99%
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
Eanet Sarah Rebecca $3,500,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2022 11/17/22 Sold $700,000 +7.7% $361 / Sq Ft
10/18/2022 10/18/22 Pending -- -- --
10/11/2022 10/11/22 For Sale $650,000 -- $335 / 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 $1,944 $738,600 $215,000 $523,600
2024 $2,119 $529,100 $180,500 $348,600
2023 $2,119 $529,100 $180,500 $348,600
2022 $2,175 $543,044 $180,500 $362,544
2021 $2,175 $543,044 $180,500 $362,544
2020 $2,175 $543,044 $180,500 $362,544
2019 $2,455 $512,900 $325,000 $187,900
2018 $2,455 $512,900 $325,000 $187,900
2017 $2,455 $512,900 $325,000 $187,900
2016 $2,246 $512,900 $325,000 $187,900
2014 $4,842 $512,900 $325,000 $187,900
Source: Public Records

Agents Affiliated with this Home

  • Randy Jones

    Seller's Agent in 2022

    Randy Jones

    EXP Realty, LLC - Coastal

    (252) 202-2573

    10 in this area

    101 Total Sales

    Randy Jones
    Section Image
  • Lynn Sherman

    Seller Co-Listing Agent in 2022

    Lynn Sherman

    EXP Realty, LLC - Coastal

    (252) 305-0222

    10 in this area

    98 Total Sales

    Lynn Sherman
    Section Image
  • Sarah Spencer

    Buyer's Agent in 2022

    Sarah Spencer

    Keller Williams - Outer Banks

    (252) 202-3357

    18 in this area

    315 Total Sales

    Sarah Spencer
    Section Image
  • Kim Fiul

    Buyer Co-Listing Agent in 2022

    Kim Fiul

    Keller Williams - Outer Banks

    (703) 201-7618

    2 in this area

    32 Total Sales

    Kim Fiul
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 120554

Outer Banks Association of REALTORS®

APN: 030588000

North Carolina Dare County Nags Head 27959

5507 S Virginia Dare Trail Unit 204 B, Nags Head, NC

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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