NOT LISTED FOR SALE

5515 S Virginia Dare Trail Unit C-1 Nags Head, NC 27959

Estimated Value: $472,753 - $523,000

2 Beds
2 Baths
912 Sq Ft
$537/Sq Ft Est. Value

Last Sold April 21, 2017

Last sale price $278,500 $305 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $2,942/month

32 Days on Market

Highlights

  • Community Beach Access
  • Concrete Pool
  • Furnished
  • Ocean Front
  • Coastal Architecture
  • Granite Countertops

About This Home

As of April 2017

If you are looking for a perfect oceanfront getaway, with nothing to do but turn the key, open the screen door, and feel the ocean breeze- this is your happy place. This is a no muss no fuss kind of place. The remodeled kitchen has new cabinets, granite counters and new appliances, the condo has been outfitted with hard wearing wood laminate and tile throughout. The covered deck is perfect for watching loved ones play in the pool while enjoying some porchtime for yourself. Hurricane shutters keep the condo dry and safe during the off season. Can't take steps? No worries! This oceanfront condo building is one of the few with an elevator. Worried about oceanfront effect maintenance- again no worries! This condo is on the 1st level, with a mature dune to keep it safe, but with a peek-a-boo view over the walkway of the beautiful blue Atlantic. Current assessment to replace pool decking, pool fence & pool gates, replace pool liner and replace individual deck railings has already been paid by owner!

Last Agent to Sell the Property

Sarah Spencer

Keller Williams - Outer Banks License #185795 Listed on: 02/07/2017

Keller Williams - Outer Banks

Last Buyer's Agent

Morgan Mason

EXP Realty, LLC - Coastal License #240210

EXP Realty, LLC - Coastal

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,637

Year Built

  • Built in 1980

Lot Details

  • Ocean Front
  • Property fronts a private road

HOA Fees

  • $250 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Coastal Architecture
  • Property Attached
  • Entry on the 1st floor
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 912 Sq Ft Home
  • Furnished
  • Ocean Views

Kitchen

  • Oven or Range
  • Dishwasher
  • Granite Countertops

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Pool

  • Concrete Pool
  • In Ground Pool

Utilities

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

Community Details

Overview

  • Association fees include building maintenance, cable, common insurance, grounds maintenance, management, pool, road maintenance, walkways
  • Admirals View Subdivision

Recreation

  • Community Beach Access
  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,637

Year Built

Built in 1980

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Directions: Turn East off Va. Dare Trail just south of the Nags Head Town Hall. First level.
  • Extras: Dry Entry
  • Flood Zone: VE
  • Headline: Your dream condo OCEANFRONT
  • Heated Sq Ft: 912
  • L V T Date: 02/07/2017
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Unit Level Number: 1
  • Waterfront Location: Oceanfront
  • Zoning: res
  • Deed Book Pg Number: 298
  • Office License Number: C26996
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator
  • Bedrooms: 2
  • Countertops: Granite
  • Floor Coverings: Ceramic Tile, Wood Laminate
  • Foundation: Piling, Slab
  • Full Bathrooms: 2
  • Furnishings Available: Yes

Exterior Features

  • Construction: Frame
  • Exterior: Lap Siding, Vinyl
  • Pool: Yes
  • Pool: Association
  • Pool Type: In Ground, Concrete, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Parking Lot

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Building Maintenance, Cable, Common Insurance, Grounds Maintenance, Management, Pool, Road Maintenance, Walkways
  • Condo Type: Attached
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool
  • Association Fee: Yes
  • Estimated Annual Fee: 3000
  • Home Owner Dwelling Insurance: 3000

Lot Info

  • Lot Faces: E
  • Deed Book: 744

Rental Info

  • Est Annual Rental Income: 15925
  • Estimated Rental Performance: 0.0572
  • Lease Terms: Weekly
  • Rental Co: Brindley Beach Vacations
  • Rental Cottage Name: Admirals View 1C
  • Rental Cottage Number: AV1C
  • Rental Phone Number: 2524533000
  • Rental Turnover Day: Sat
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 480
  • Annual Electric: 700
  • Annual Water Expense: 225

Building Info

  • Year Built: 1980

Tax Info

  • Year: 2016
  • Taxes: 1637

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2017
Closed on
Apr 21, 2017
Sold by
Hunt Richard D and Hunt Virginia W
Bought by
Brosious Ben K and Brosious Sharon E
Seller's Agent
Sarah Spencer
Keller Williams - Outer Banks
Buyer's Agent
Morgan Mason
EXP Realty, LLC - Coastal
List Price
$284,900
Sold Price
$278,500
Premium/Discount to List
-$6,400
-2.25%
Current Estimated Value
$489,938

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$211,438
Avg. Annual Appreciation
6.85%
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
Brosious Ben K -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/21/2017 04/21/17 Sold $278,500 -2.2% $305 / Sq Ft
03/11/2017 03/11/17 Pending -- -- --
02/07/2017 02/07/17 For Sale $284,900 -- $312 / 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 $1,478 $451,900 $135,000 $316,900
2024 $1,423 $297,700 $130,000 $167,700
2023 $1,423 $297,700 $130,000 $167,700
2022 $1,192 $297,700 $130,000 $167,700
2021 $1,192 $297,700 $130,000 $167,700
2020 $2,251 $297,700 $130,000 $167,700
2019 $1,037 $220,600 $130,000 $90,600
2018 $1,085 $220,600 $130,000 $90,600
2017 $1,058 $220,600 $130,000 $90,600
2016 $968 $220,600 $130,000 $90,600
2014 $968 $220,600 $130,000 $90,600
Source: Public Records

Agents Affiliated with this Home

  • Sarah Spencer

    Seller's Agent in 2017

    Sarah Spencer

    Keller Williams - Outer Banks

    (252) 202-3357

    18 in this area

    319 Total Sales

    Sarah Spencer
    Section Image

  • M

    Buyer's Agent in 2017

    Morgan Mason

    EXP Realty, LLC - Coastal

    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 95111

Outer Banks Association of REALTORS®

APN: 012211000

North Carolina Dare County Nags Head 27959

5515 S Virginia Dare Trail Unit C-1, 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.

Outer Banks Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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