NOT LISTED FOR SALE

701 N Virginia Dare Trail Kill Devil Hills, NC 27948

Estimated Value: $3,432,188 - $3,583,000

12 Beds
11.5 Baths
7,077 Sq Ft
$497/Sq Ft Est. Value

Last Sold August 19, 2016

Last sale price $1,700,000 $240 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $20,023/month

271 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Second Refrigerator
  • First Flight Middle School Rated A-
  • Concrete Pool
  • Contemporary Architecture

About This Home

As of August 2016

Located in the heart of Kill Devil Hills this Oceanfront Estate is majestic. Three levels of Exquisite Oceanfront Luxury completely accessible by elevator, and the midlevel boasts a private boardwalk to the private Oceanfront Gazebo and deck! The top level of this beautiful home offers a very large kitchen with granite counters, double ovens, double refrigerators and double dishwashers, in addition to plenty of workspace and casual seating in bar stools along the counter. Two dining areas to handle the big crowds and a huge open floor plan with living room. Plenty of bedrooms on all three levels, EIGHT Master Bedrooms with private baths, four bedrooms with shared baths, two additional rooms set up as bedrooms on the ground floor, a living area on the midlevel with wet bar and a fantastic game room and living area with wet bar on the ground floor. The pool deck and area offers wonderful privacy, a 15'X28' heated pool, a separate kiddie pool for the little ones and a hot tub. This house has everything a dream oceanfront vacation requires!

Last Agent to Sell the Property

Cory Taylor

Southern Shores Realty License #225898 Listed on: 08/26/2015

Last Buyer's Agent

Chelsea Jordan

Coldwell Banker Seaside Realty KH License #286496

Coldwell Banker Seaside Realty KH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,412

Year Built

  • Built in 1999

Lot Details

  • 0.55 Acre Lot
  • Beach Front
  • 50 Feet of Waterfront

Parking

  • Paved Parking

Home Design

  • Contemporary Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Shake Siding

Interior Spaces

  • 7,077 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Game Room
  • Ocean Views

Kitchen

  • Built-In Oven
  • Built-In Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Outdoor Pool
  • Outdoor Shower
  • Spa

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Patio
  • Exterior Lighting
  • Gazebo

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Geothermal Heating and Cooling
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Listing and Financial Details

  • Legal Lot and Block 1 / 8

Community Details

Overview

  • Kitty Hawk Shrs Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,412

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan
  • Directions: South on route 158/Bypass, East on Prospect @ Wright Brothers Memorial, South on Va Dare Trail, house on left, just North of Raleigh Ave. beach access, approx. MP 7.8.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Elevator, Gazebo, Hot Tub, Jet Tub, Outside Lighting, Outside Shower, Patio, Security System, Smoke Detector(s), Sun Deck
  • Flood Zone: AE
  • Subdivision Name: Kitty Hawk Shores- Revised
  • Headline: OCEANFRONT RENTAL MACHINE!
  • Heated Sq Ft: 7077
  • Potential Short Sale: Yes
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 0151
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Appliances: Countertop Range, Dishwasher, Dryer, Ice Machine, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 12
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Full Bathrooms: 11
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ensuite, Washer Connection, Wet Bar
  • Optional Rooms: Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Exterior: Shakes
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Concrete, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 50
  • View: Ocean
  • Water Frontage: 50

Garage/Parking

  • Parking: Paved

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Electric, Geo-Thermal, Heat Pump, Zoned
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Lot Info

  • Estimated Lot Sq Ft: 24000
  • Lot Description: Beach Frontage
  • Lot Faces: W
  • Lot Number: Lot 1
  • Deed Book: 1495

Rental Info

  • Est Annual Rental Income: 193302
  • Estimated Rental Performance: 0.1137
  • Lease Terms: Weekly
  • Rental Co: Village Realty
  • Rental Cottage Name: Greenwaves III
  • Rental Cottage Number: KD01
  • Rental Phone Number: 252-480-2224
  • Rental Turnover Day: Sunday

Building Info

  • Year Built: 1999

Tax Info

  • Year: 2016
  • Taxes: 16412.35

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2015
Closed on
Jul 22, 2016
Sold by
Harper James G and Harper Kim M
Bought by
Dickerson Daniel L and Rand Donna Kay
Seller's Agent
Cory Taylor
Southern Shores Realty
Buyer's Agent
Chelsea Jordan
Coldwell Banker Seaside Realty KH
List Price
$1,999,999
Sold Price
$1,700,000
Premium/Discount to List
-$299,999
-15%
Total Days on Market
271
Current Estimated Value
$3,516,396

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,816,396
Avg. Annual Appreciation
8.60%
Original Mortgage
$845,000
Outstanding Balance
$680,843
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$2,835,553
Source: Public Records

Range of Values:

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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
Dickerson Daniel L $1,700,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dickerson Daniel L $845,000
Previous Owner Harper James G $2,030,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2016 08/19/16 Sold $1,700,000 -15.0% $240 / Sq Ft
05/23/2016 05/23/16 Pending -- -- --
08/26/2015 08/26/15 For Sale $1,999,999 -- $283 / 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 $16,332 $2,118,300 $1,131,000 $987,300
2023 $8,484 $2,157,792 $1,131,000 $1,026,792
2022 $15,597 $2,164,792 $1,131,000 $1,033,792
2021 $15,597 $2,164,792 $1,131,000 $1,033,792
2020 $15,597 $2,164,792 $1,131,000 $1,033,792
2019 $17,615 $1,955,400 $708,700 $1,246,700
2018 $17,222 $1,955,400 $708,700 $1,246,700
2017 $17,169 $1,955,400 $708,700 $1,246,700
Source: Public Records

Agents Affiliated with this Home

  • Cory Taylor

    Seller's Agent in 2016

    Cory Taylor

    Southern Shores Realty

    (252) 599-1721

    43 Total Sales

    Cory Taylor
    Section Image
  • Chelsea Jordan

    Buyer's Agent in 2016

    Chelsea Jordan

    Coldwell Banker Seaside Realty KH

    (252) 207-6659

    66 Total Sales

    Chelsea Jordan
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 89293

Outer Banks Association of REALTORS®

APN: 003693001

North Carolina Dare County Kill Devil Hills 27948

701 N Virginia Dare Trail, Kill Devil Hills, NC

This home is located at 701 N Virginia Dare Trail, Kill Devil Hills, NC 27948 since 26 August 2015 and is currently estimated at $3,516,396, approximately $496 per square foot. This property was built in 1999. 701 N Virginia Dare Trail is a home located in Dare County with nearby schools including Nags Head Elementary School, First Flight Middle School, and First Flight High School.

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.
Information is deemed reliable but not guaranteed.

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