NOT LISTED FOR SALE

5515 S Virginia Dare Trail Unit 2-A Nags Head, NC 27959

2 Beds
2 Baths
912 Sq Ft
1980 Built

Last Sold June 29, 2017

Last sale price $308,000 $338 Per Sq Ft

454 Days on Market

Highlights

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

About This Home

As of June 2017

YES THE PRICE IS $314,900 AND YES THERE ARE LESS EXPENSIVE OCEANFRONT CONDOS BUT DO YOU REALLY WANT TO STARE OUT AT A PILE OF SAND? Isn't the reason of wanting to own an oceanfront condo is to be able to look right out and see the ocean?? Come on Buyers, this is a great price for a 2nd floor condo with FABULOUS OCEAN VIEWS AND AN ELEVATOR!!! This condo has fantastic rental income and is also an end unit which means more light because of more windows. GORGEOUS OCEAN VIEWS THE MINUTE YOU OPEN THE DOOR. ADMIRALS VIEW IS ONE OF THE FEW OCEANFRONT CONDO'S WITH AN ELEVATOR ON THE OUTER BANKS -ADMIRALS VIEW IS ALSO ONE OF THE FEW CONDOS THAT ALLOW THE OWNERS TO HAVE PET'S. Rental income is fantastic year after year - Do the Numbers - Cash Flow is in the Associated Doc's - $10,000 ASSESSMENT HAS ALREADY BEEN PAID BY CURRENT OWNER "for refurbishment of pool area and also Hurricane Shutter expense has already been paid by seller. Try to carry your luggage up and down the stairs, your groceries, etc., etc., Every time you get upstairs you forgot something and have to climb back down all those stairs, NOT IN THIS 2ND FLOOR "END" UNIT CONDO - BRING THE ENTIRE FAMILY AND TAKE THE ELEVATOR. This condo has averaged $25k in rental income for 2013-2016. ROI =8%. One of the few condos with an ELEVATOR!! 2ND Floor end unit with Fantastic wide ocean views. Recently renovated and tastefully furnished. Ocean views from the deck, living room, kitchen and Master Bedroom. Condo features community laundry room, pool and walkway to ocean. Unit is a 2nd floor END unit which means more windows and light and bright. THE PRESENCE OF AN ELEVATOR WILL ALWAYS DEMAND TOP DOLLAR!!!!!!! Sold fully furnished excluding "Hurricane Coastal" Picture in Hallway. Beautiful Ocean Views from Master Bedroom and sliding Doors leading to covered deck. Andersen Windows and Doors. Come take a look at this above average oceanfront condo that has been lovingly maintained AND produces rental income over 25k WITH ocean views the moment you open the door. HOA Dues are paid quarterly $1,620 per quarter - Yearly amount = ***$6,480 ( includes Wind, Hail, Fire and Flood Insurance, Phone, Cable and Internet Service) ***INCLUDED IN THE $6,480 A YEAR HOA DUES THE $ 120 QUARTERLY CHARGE IS FOR THE PHONE, CABLE AND INTERNET. THE OTHER $350 FEE IN THE FINANCIAL SECTION IS WHAT THE SELLER PAYS IS FOR CONTENTS INSURANCE. SIGNATURE TOUCH is the management company 441-88570 CONDO COULD PRODUCE ADDITIONAL RENTAL INCOME IF OPENED MORE WEEKS BUT SELLER CHOOSES TO USE THE UNIT FOR PERSONAL USE. CASH FLOW IN ASSOCIATED DOC'S

Last Agent to Sell the Property

Madonna VanCuren

Coldwell Banker Seaside Realty - KDH License #136061 Listed on: 03/04/2016

Coldwell Banker Seaside Realty - KDH

Co-Listed By

Madonna Vancuren

Coldwell Banker Seaside Realty - KDH License #188819

Last Buyer's Agent

Laurie Battaglia

Coastal Outer Banks Realty License #271667

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,858

Year Built

  • Built in 1980

Lot Details

  • Beach Front
  • Property fronts a private road
  • Landscaped
  • Level Lot

HOA Fees

  • $540 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Property Attached
  • Entry on the 2nd floor
  • Frame Construction
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 912 Sq Ft Home
  • Elevator
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

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

Parking

  • Paved Parking
  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • In Ground Pool
  • Covered Deck
  • 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, grounds maintenance, management, pool, sewer/septic, walkways
  • Admirals View Subdivision

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,858

Year Built

Built in 1980

Lot Details

0

HOA Fees

$540 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary
  • Directions: MILEPOST 15 OCEANFRONT, NEXT TO HERON COVE - 2ND FLOOR NORTH END UNIT
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Common Laundry Area, Covered Decks, Elevator, Landscaped, Outside Lighting
  • Subdivision Name: ADMIRALS VIEW CONDOMINIUM
  • Headline: 2ND FLOOR END END UNIT
  • Heated Sq Ft: 912
  • L V T Date: 03/05/2016
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Unit Level Number: 2
  • Waterfront Location: Oceanfront
  • Zoning: RES
  • Deed Book Pg Number: 0102
  • Office License Number: C3211
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Microwave, Range/Oven, Refrigerator w/Ice Maker
  • Bedrooms: 2
  • Bedroom 1: MASTER, On Level: 1
  • Bedroom 2: GUEST, On Level: 1
  • Kitchen: OCEAN VIEW, On Level: 1
  • Floor Coverings: Carpet, Ceramic Tile, Vinyl
  • Foundation: Piling
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Ice Maker Connection, Ensuite
  • Dining Room: COMBO, On Level: 1
  • Living Room: OPEN, On Level: 1

Exterior Features

  • Construction: Frame, Wood
  • Covered Deck Size: YES
  • Exterior: Vinyl
  • Pool: Yes
  • Pool: Association
  • Pool Type: Outdoor, In Ground, Association Pool
  • View: Ocean

Garage/Parking

  • Parking: Parking Lot, Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Building Maintenance, Cable, Grounds Maintenance, Management, Pool, Sewer/Septic, Walkways
  • Condo Type: Attached
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Board Walk
  • Association Fee: Yes
  • Estimated Annual Fee: 6480

Lot Info

  • Lot Description: Beach Frontage, Level
  • Deed Book: 1830

Rental Info

  • Est Annual Rental Income: 28830
  • Estimated Rental Performance: 0.0936
  • Lease Terms: Weekly
  • Other Insurance Expenses: 350
  • Rental Co: Sun Realty
  • Rental Cottage Number: ADV- A-2
  • Rental Phone Number: 1-252-441-7033
  • Rental Turnover Day: SATURDAY
  • Annual Electric: 800
  • Annual Water Expense: 225

Building Info

  • Year Built: 1980

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2016
  • Taxes: 1858

Range of Values:

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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
06/29/2017 06/29/17 Sold $308,000 -2.2% $338 / Sq Ft
06/01/2017 06/01/17 Pending -- -- --
03/04/2016 03/04/16 For Sale $314,900 -- $345 / Sq Ft
Source: Outer Banks Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 91428

Outer Banks Association of REALTORS®