NOT LISTED FOR SALE

5515 S Virginia Dare Trail Unit A1 Nags Head, NC 27959

Estimated Value: $433,136 - $485,000

2 Beds
2 Baths
910 Sq Ft
$508/Sq Ft Est. Value

Last Sold September 13, 2021

Last sale price $310,000 $341 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $3,634/month

181 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Furnished
  • Community Beach Access
  • Indoor Pool
  • Solid Surface Countertops

About This Home

As of September 2021

Oceanfront Nags Head Condo with a good rental history. This first floor upgraded end unit has everything to offer except a high price. Beautifully decorated 2 bedroom, 2 bath floor plan is a favorite with renters. Take the kiddos to the large pool while you enjoy the wrap around pool deck or use the private board walk and enjoy the beach. This property is move in ready. And for your convivence an ELEVATOR awaits you.

Last Agent to Sell the Property

Bobby Williams

Joe Lamb, Realty License #154104 Listed on: 02/01/2021

Last Buyer's Agent

Edith Rowe

Brindley Beach Vacations & Sales-Duck License #188824

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,406

Year Built

  • Built in 1980

Lot Details

  • Beach Front
  • Landscaped
  • Level Lot

HOA Fees

  • $975 Monthly HOA Fees

Home Design

  • Property Attached
  • Entry on the 1st floor
  • Frame Construction
  • Rubber Roof
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 910 Sq Ft Home
  • Elevator
  • Furnished
  • Ceiling Fan
  • Ocean Views
  • Hurricane or Storm Shutters

Kitchen

  • Oven or Range
  • Microwave
  • Solid Surface Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

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

Parking

  • Paved Parking
  • Parking Lot

Pool

  • Indoor Pool
  • Concrete Pool
  • Outdoor Shower

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling 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, water, walkways
  • 12 Units
  • Marty Regan 252 441 8857 Association
  • Admirals View Subdivision

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,406

Year Built

Built in 1980

Lot Details

0

HOA Fees

$975 per month

Listing Details

  • Class: RESIDENTIAL
  • Directions: On Virginia Dare Trail go south past the Nags Head Police Dept. and ADV condo will be on the Ocean Front. 5515 SVDT
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Elevator, Landscaped, Outside Lighting, Outside Shower, Outside Laundry Room
  • Flood Zone: VE
  • Headline: Admiral's View Condominium
  • Heated Sq Ft: 910
  • L V T Date: 02/02/2021
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Unit Level Number: 1
  • Waterfront Location: Oceanfront
  • Zoning: RES
  • Advertised Income 2020: 22963
  • Deed Book Pg Number: 0825
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C10668
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Microwave, Range/Oven, Refrigerator
  • Bedrooms: 2
  • Countertops: Solid Surface
  • Floor Coverings: Carpet, Wood Laminate
  • Foundation: Piling
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Ensuite

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Vinyl, Hurricane Shutters
  • Pool: Yes
  • Pool: Association
  • Pool Type: Indoor, Outdoor, Concrete, Association Pool
  • Roof: Rubber
  • View: Ocean

Garage/Parking

  • Parking: Parking Lot, Paved

Utilities

  • Cooling: Central
  • Heating: Central
  • 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, Water, Walkways
  • Condo Type: Attached
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Board Walk
  • Association Fee: Yes
  • Estimated Annual Fee: 11700
  • Hoa Contact: Marty Regan 252 441 8857
  • HOA Contact: kathy.regan@signaturetouc

Lot Info

  • Lot Description: Beach Frontage, Level, Water Frontage
  • Deed Book: 1996

Rental Info

  • Lease Terms: Weekly
  • Rental Co: Resort Realty
  • Rental Cottage Name: Beach Dream
  • Rental Cottage Number: 5617
  • Rental Turnover Day: Saturday
  • Annual Electric: 1200
  • Annual Water Expense: 505

Building Info

  • Year Built: 1980

Multi Family

  • No. of Units: 12

Tax Info

  • Year: 2019
  • Taxes: 2406

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2021
Closed on
Jul 30, 2021
Sold by
Walsh Charles R and Walsh Rosalie Y
Bought by
Kogut Daniel Paul and Kogut Colleen Marie
Seller's Agent
Bobby Williams
Joe Lamb, Realty
Buyer's Agent
Edith Rowe
Brindley Beach Vacations & Sales-Duck
List Price
$312,900
Sold Price
$310,000
Premium/Discount to List
-$2,900
-0.93%
Current Estimated Value
$462,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,534
Avg. Annual Appreciation
10.17%
Original Mortgage
$248,000
Outstanding Balance
$224,675
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$237,859

Purchase Details

Closed on
Oct 26, 2010
Sold by
Stratton Diane T and Stratton William
Bought by
Walsh Charles R and Walsh Rosalie Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,925
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2007
Sold by
Stratton William and Stratton Diane T
Bought by
Stratton Diane T
Source: Public Records

Range of Values:

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Average Value
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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
Kogut Daniel Paul $310,000 First American Mortgage Sln
Walsh Charles R $256,000 None Available
Stratton Diane T -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kogut Daniel Paul $248,000
Previous Owner Walsh Charles R $191,925
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/13/2021 09/13/21 Sold $310,000 -0.9% $341 / Sq Ft
08/01/2021 08/01/21 Pending -- -- --
07/23/2021 07/23/21 For Sale $312,900 0.0% $344 / Sq Ft
06/12/2021 06/12/21 Pending -- -- --
02/01/2021 02/01/21 For Sale $312,900 -- $344 / 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 $2,792 $460,300 $150,000 $310,300
2024 $2,794 $310,800 $146,500 $164,300
2023 $1,271 $317,372 $146,500 $170,872
2022 $1,271 $317,372 $146,500 $170,872
2021 $1,271 $317,372 $146,500 $170,872
2020 $1,271 $317,372 $146,500 $170,872
2019 $1,176 $245,600 $155,000 $90,600
2018 $1,176 $245,600 $155,000 $90,600
2017 $1,176 $245,600 $155,000 $90,600
2016 $1,076 $245,600 $155,000 $90,600
2014 $2,319 $245,600 $155,000 $90,600
Source: Public Records

Agents Affiliated with this Home

  • Bobby Williams

    Seller's Agent in 2021

    Bobby Williams

    Joe Lamb, Realty

    (252) 207-9075

    30 in this area

    64 Total Sales

    Bobby Williams
    Section Image
  • Edith Rowe

    Buyer's Agent in 2021

    Edith Rowe

    Brindley Beach Vacations & Sales-Duck

    (252) 202-6165

    24 in this area

    209 Total Sales

    Edith Rowe
    Section Image
  • Catherine Strachan

    Buyer Co-Listing Agent in 2021

    Catherine Strachan

    Brindley Beach Vacations & Sales-Duck

    (252) 489-9540

    17 in this area

    172 Total Sales

    Catherine Strachan
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 112671

Outer Banks Association of REALTORS®

APN: 012205000

North Carolina Dare County Nags Head 27959

5515 S Virginia Dare Trail Unit A1, Nags Head, NC

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