$259,500
SOLD NOV 27, 2018

5515 S Virginia Dare Trail Unit B1 Nags Head, NC 27959

2 Beds
2 Baths
912 Sq Ft
1980 Built

Recently Sold

$285 Per Sq Ft

4% Below List Price

100 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Furnished
  • Community Beach Access
  • In Ground Pool
  • Hurricane or Storm Shutters

About This Home

As of November 2018

Ready to be on Beach Time? This two-bedroom, two bath condo in Admiral's View, is a no-brainer for anyone looking for oceanfront views with the convenience of condo living. Kick back and relax on your covered porch as you watch loved ones play in the pool and listen to the relaxing sounds of the ocean just steps away. Enjoy the protection of mature dunes surrounding your 1st level unit, with hurricane shutters in place to keep the condo dry and safe during the off season. Worried about carrying luggage and groceries into your unit? No problem, this is one of the few properties with an elevator onsite. Property boasts a steady rental history between Memorial Day and Labor Day, but can also be yours to enjoy full time!

Last Agent to Sell the Property

Sarah Spencer

Keller Williams - Outer Banks License #185795 Listed on: 07/08/2018

Keller Williams - Outer Banks

Last Buyer's Agent

Ashley Ladd

Twiddy and Co. - Duck License #276643

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,121

Year Built

  • Built in 1980

Lot Details

  • Beach Front

HOA Fees

  • $593 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Property Attached
  • Entry on the 1st floor
  • Lap Siding
  • Vinyl Construction Material

Interior Spaces

  • 912 Sq Ft Home
  • Elevator
  • Furnished
  • Ocean Views
  • Hurricane or Storm Shutters

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Laminate Countertops

Bedrooms and Bathrooms

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

Outdoor Features

  • In Ground Pool
  • Covered Deck

Utilities

  • Heat Pump System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Community Details

Overview

  • Association fees include building maintenance, cable, common insurance, flood insurance, grounds maintenance, management
  • Signature Touch, Cathy Regan Association, Phone Number (252) 441-8857
  • Admirals View Subdivision

Recreation

  • Community Beach Access
  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,121

Year Built

Built in 1980

Lot Details

0

HOA Fees

$593 per month

Listing Details

  • Class: RESIDENTIAL
  • Directions: South VA Dara Trail to MP 15, Turn into Admiral View Condos, first floor, middle north side
  • Extras: Common Laundry Area, Covered Decks, Elevator, Dry Entry
  • Subdivision Name: Admirals View Condominium
  • Headline: Ocean Breeze At Your New Door
  • Heated Sq Ft: 912
  • L V T Date: 07/08/2018
  • Sale/Rent: For Sale
  • Unit Level Number: 1
  • Waterfront Location: Oceanfront
  • Zoning: RES
  • Deed Book Pg Number: 0393
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C15442
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Microwave, Range/Oven, Refrigerator
  • Bedrooms: 2
  • Countertops: Laminate
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Ensuite

Exterior Features

  • Exterior: Lap Siding, Vinyl, Hurricane Shutters
  • Pool: Yes
  • Pool: Association
  • Pool Type: Outdoor, In Ground, Association Pool
  • View: Ocean

Garage/Parking

  • Parking: Parking Lot

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Building Maintenance, Cable, Common Insurance, Flood Insurance, Grounds Maintenance, Management
  • Condo Type: Attached
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool
  • Estimated Annual Fee: 7120
  • Hoa Contact: Signature Touch, Cathy Regan
  • HOA Contact: 252-441-8857
  • Home Owner Dwelling Insurance: 495

Lot Info

  • Lot Description: Beach Frontage
  • Deed Book: 0726

Rental Info

  • Est Annual Rental Income: 17035
  • Estimated Rental Performance: 0.0656
  • Lease Terms: Weekly
  • Other Insurance Expenses: 145
  • Rental Co: Resort Realty
  • Rental Cottage Name: Sand & Sea (AV1B1)
  • Rental Cottage Number: AV1B1
  • Rental Phone Number: 800-458-3830
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Actual
  • Annual Electric: 705
  • Annual Water Expense: 328
  • Rental Contact Email: debbie.harrell@resortrealty.com
  • Rental Contact Name: Rented Through Resort Realty
  • Rental Contact Phone: 800-458-3830

Building Info

  • Year Built: 1980

Tax Info

  • Year: 2017
  • Taxes: 2121

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2018
Closed on
Nov 26, 2018
Sold by
Seand Thelma N
Bought by
Dillon-Shepherd Robin
Seller's Agent
Sarah Spencer
Keller Williams - Outer Banks
Buyer's Agent
Ashley Ladd
Twiddy and Co. - Duck
List Price
$271,500
Sold Price
$259,500
Premium/Discount to List
-$12,000
-4.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.63%
Original Mortgage
$207,600
Outstanding Balance
$181,802
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$335,601
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 Type Sale Price Title Company
Warranty Deed $259,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $207,600 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2025 08/07/25 For Sale $459,000 +76.9% $503 / Sq Ft
11/27/2018 11/27/18 Sold $259,500 -3.1% $285 / Sq Ft
10/16/2018 10/16/18 Pending -- -- --
09/20/2018 09/20/18 Price Changed $267,899 -1.3% $294 / Sq Ft
07/08/2018 07/08/18 For Sale $271,500 -- $298 / 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 $2,421 $270,000 $130,000 $140,000
2023 $1,104 $275,600 $130,000 $145,600
2022 $1,104 $275,600 $130,000 $145,600
2021 $1,104 $275,600 $130,000 $145,600
2020 $1,104 $275,600 $130,000 $145,600
2019 $1,058 $220,600 $130,000 $90,600
2018 $1,058 $220,600 $130,000 $90,600
2017 $1,058 $220,600 $130,000 $90,600
2016 $968 $220,600 $130,000 $90,600
2014 $2,087 $220,600 $130,000 $90,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 101174

Outer Banks Association of REALTORS®

APN: 012208000