NOT LISTED FOR SALE

5507 S Virginia Dare Trail Unit 303S Nags Head, NC 27959

3 Beds
2.5 Baths
1,724 Sq Ft
1987 Built

Last Sold November 28, 2022

Last sale price $768,000 $445 Per Sq Ft

103 Days on Market

Highlights

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

About This Home

As of November 2022

This is the Primo Nags Head Condo located in the always happening and desirable Heron Cove Condominiums in one of the best sections of beach along the Outer Banks. Unit 303S is a directly east facing, top floor Ocean Front turn key Condo offering more living space than any Ocean Front Condo on the market! Heron Cove offers covered parking, covered decks, commercial size swimming pool, green spaces and an elevator! With all the Views one could ever need this unit was a hard sale for the current owners who have loved this Condo and taken a very hands on approach to its appeal and care over the years. Entering through the tile breezeway the Condo flows seamlessly. The Kitchen was updated to include new Cabinets, Granite and SS Appliances. The bathrooms have been updated and all flooring has been replaced recently. With 1,724 square feet there is enough space for you and your family to spread out and enjoy yourself. Seating for 8 at the table with bar seating as well. The Living Room is tastefully furnished with an impressive display of Natural Light on hand as well as a wet bar for the evenings festivities. The massive covered deck grabs views of the Atlantic on a clear day for miles in all directions. The oversized En-Suite Bedroom is overlooking the Ocean as well and includes a sitting wing/den area perfect for reflection of the days events as well as a Grand bathroom with a tile walk in shower and a soaking tub. Two additional bedrooms share a full hall bathroom while a laundry and half bath finish off that wing. Centrally located in an area of Nags Head with the famous Village Golf Links directly west and the Outer Banks Mall a quick drive away for shopping, restaurants, bars and filling your Condo with all the Home Goods your hearts desire! Current owner limit rents to the summer months only. Open up the season and the rental projection shows 65,000 in Income....or keep it for personal use. Either way this is an Outer Banks Lifestyle Condo and your soon to be memories are all that's missing. There are still great interest rates out there...You just have to know where to look. Call me today to discuss your Outer Banks home ownership options.

Last Agent to Sell the Property

Shane Collins

SERHANT North Carolina LLC License #271508 Listed on: 07/02/2022

Last Buyer's Agent

Bobby Williams

Joe Lamb, Realty License #154104

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,399

Year Built

  • Built in 1987

Lot Details

  • Beach Front
  • Landscaped
  • Level Lot

HOA Fees

  • $1,000 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Property Attached
  • Entry on the 3rd floor
  • Slab Foundation
  • Masonry Perimeter Foundation
  • Frame Construction
  • Rubber Roof
  • Masonry

Interior Spaces

  • 1,724 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Ceiling height of 9 feet or more
  • Window Treatments
  • Entrance Foyer
  • Carpet
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Tuck Under Parking
  • Paved Parking
  • Parking Lot

Pool

  • In Ground Pool
  • Outdoor Shower
  • Gunite Pool

Outdoor Features

  • Covered Deck
  • Patio
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Municipal Utilities District Water
  • Community Sewer or Septic

Community Details

Overview

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

Amenities

  • Common Area

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,399

Year Built

Built in 1987

Lot Details

0

HOA Fees

$1,000 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Directions: S Virginia Dare Trail to Heron Cove. Top floor in South Building
  • Extras: Beach Access, Boardwalk to Beach, Common Laundry Area, Covered Decks, Elevator, Jet Tub, Landscaped, Outside Lighting, Outside Shower, Patio, Smoke Detector(s), Dry Entry, Inside Laundry Room
  • Flood Zone: VE, X
  • Headline: Top Floor & Strong Views
  • Heated Sq Ft: 1724
  • L V T Date: 07/02/2022
  • Phase: 1
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Unit Level Number: 3
  • Waterfront Location: Oceanfront
  • Zoning: CR
  • Advertised Income 2020: 42802
  • Advertised Income 2021: 39335
  • Advertised Income 2022: 40787
  • Deed Book Pg Number: 155
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C15771
  • Outer Banks Software: Yes
  • Short Term Rental Restrictions: No
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Freezer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 3
  • Countertops: Granite, Solid Surface
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Vinyl Tile, Plank
  • Foundation: Masonry, Slab
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Dryer Connection, Ice Maker Connection, Ensuite, Pantry, Washer Connection, Wet Bar
  • Optional Rooms: Foyer, Pantry
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Masonry, Wood
  • Exterior: Block
  • Pool: Yes
  • Pool: Association
  • Pool Type: Outdoor, In Ground, Gunite, Association Pool
  • Roof: Rubber, Tar/Gravel
  • View: Ocean

Garage/Parking

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

Utilities

  • Cooling: Central
  • Heating: Central, Forced Air
  • Sewer/Septic System: Community Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Building Maintenance, Common Electric, Grounds Maintenance, Pool, Sewer/Septic, Water, Walkways
  • Condo Type: Attached
  • Association Amenities: Ocean Access, Board Walk, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 12000
  • Hoa Contact: Village Realty
  • HOA Contact: 252-480-2224
  • Home Owner Dwelling Insurance: 838

Lot Info

  • Lot Description: Beach Frontage, Level
  • Deed Book: 1604

Rental Info

  • Est Annual Rental Income: 65000
  • Estimated Rental Performance: 0.0846
  • Lease Terms: Weekly
  • Rental Co: Village Realty
  • Rental Cottage Number: H303S
  • Rental Phone Number: 252-480-2224
  • Rental Turnover Day: SAT
  • Annual Cable TV Expense: 205
  • Annual Electric: 1500
  • Annual Telephone Expense: 205
  • Rental Contact Email: ownerrelations@vrobx.com
  • Rental Contact Name: Alyssa McDonald / Myers Fuller
  • Rental Contact Phone: 252-480-2224

Building Info

  • Year Built: 1987

Tax Info

  • Year: 2021
  • Taxes: 4398.58

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/28/2022 11/28/22 Sold $768,000 -9.6% $445 / Sq Ft
10/13/2022 10/13/22 Pending -- -- --
07/28/2022 07/28/22 Price Changed $850,000 -2.3% $493 / Sq Ft
07/02/2022 07/02/22 For Sale $870,000 -- $505 / Sq Ft
Source: Outer Banks Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 119548

Outer Banks Association of REALTORS®