NOT LISTED FOR SALE

703 N Virginia Dare Trail Kill Devil Hills, NC 27948

Estimated Value: $3,622,982 - $3,818,000

13 Beds
15 Baths
7,410 Sq Ft
$499/Sq Ft Est. Value

Last Sold July 23, 2021

Last sale price $2,900,000 $391 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $21,024/month

47 Days on Market

Highlights

  • Ocean Front
  • Beach Access
  • Cabana
  • First Flight Middle School Rated A-
  • Home Theater
  • Second Refrigerator

About This Home

As of July 2021

2021 RENTS WOULD BE OVER $326,000 IF YOU ADD THE JULY 4TH OWNERS WEEK BACK IN AND IF THERE HAD BEEN NO CLOSURE OF THE BRIDGE IN APRIL OF 2020 THE INCOME WOULD HAVE BEEN $297,858. **THE HOUSE IS AVAILABLE TO BE SHOWN THE WEEK OF 5/1 - 5/8!!!** This is a Magnificent Oceanfront Estate with over 7,400 of heated living area featuring 13 bedrooms, 12 baths and 3 half baths. This home has been meticulously maintained by the owners with attention paid to every detail. It is a proven rental generator with over $296,000 booked in rents for 2021 with an owner week taken July 4th week. If you add that week back in for $21,000 it would kick the rents up to over $326,000 plus increases for 2022. The home has all the amenities you or your renters could want with Ocean and Monument views and it is centrally located close to everything you may desire to do on the Outer Banks. Amenities include: Huge living area with big screen TV, gas fireplace lots of seating and decks facing the ocean, fully equipped Gourmet kitchen with two of almost everything, a gigantic breakfast bar that seats 6 people, two dining areas with full wet bar, Elevator, two master suites w/ custom bathrooms, Mid-level includes a media/sitting room with surround sound and wet bar w/ half bath and your own private walkway to the beach, 6 bedrooms, one that is wheelchair accessible, Ground-level has a full size theater room, rec-room with pool table kitchenette and bar with 5 master suites, another one that is wheelchair accessible, Outside there is a 34x14 private heated swimming pool and kiddie pool, a cabana with bath facilities and showers and cabana bar with seating and TV with your own private boardwalk to the dune top gazebo with shaded lounges for rest and respite out of the sun w/ a stairway leading to your own beach and the Atlantic Ocean. Don’t miss this one!

Last Agent to Sell the Property

Barry Breit

Carolina Designs Realty License #187143 Listed on: 04/02/2021

Last Buyer's Agent

Matt Preston

Twiddy and Company - Corolla License #288634

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,096

Year Built

  • Built in 2003

Lot Details

  • Ocean Front
  • Landscaped
  • Sprinkler System

Home Design

  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Lap Siding
  • Shake Siding

Interior Spaces

  • 7,410 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Home Theater
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Handicap Accessible

Pool

  • Cabana
  • In Ground Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Beach Access
  • Sun Deck
  • Covered Deck
  • Exterior Lighting
  • Gazebo

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Listing and Financial Details

  • Legal Lot and Block 2 / 8

Community Details

Overview

  • Kitty Hawk Shrs Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,096

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Extras: Beach Access, Boardwalk to Beach, Cabana, Ceiling Fan(s), Covered Decks, Elevator, Gazebo, Handicap Friendly, Hot Tub, Jet Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck, Dry Entry
  • Subdivision Name: Kitty Hawk Shores Rev.
  • Headline: Oceanfront Estate w/over $300K
  • Heated Sq Ft: 7410
  • L V T Date: 04/02/2021
  • Roads: Public
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: res
  • Advertised Income 2020: 271648
  • Advertised Income 2021: 330170
  • Deed Book Pg Number: 0112
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C6124
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • 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: 13
  • Floor Coverings: Carpet, Ceramic Tile, Wood
  • Full Bathrooms: 12
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ensuite, Washer Connection, Wet Bar
  • Optional Rooms: Game Room, Home Theater
  • Partial Bathrooms: 3

Exterior Features

  • Construction: Frame
  • Exterior: Lap Siding, Shakes, Wood
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Utilities

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

Lot Info

  • Lot Description: Water Frontage
  • Lot Number: Lot 2
  • Deed Book: 2175

Rental Info

  • Est Annual Rental Income: 330170
  • Estimated Rental Performance: 0.1139
  • Lease Terms: Weekly
  • Rental Co: Carolina Designs
  • Rental Cottage Name: Beach Palace
  • Rental Cottage Number: 430
  • Rental Phone Number: 252-261-3934
  • Rental Turnover Day: Sat

Building Info

  • Year Built: 2003

Tax Info

  • Year: 2020
  • Taxes: 16096.15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2021
Closed on
Jul 14, 2021
Sold by
703 Viginia Dare Llc
Bought by
Two Stewards Llc
Seller's Agent
Barry Breit
Carolina Designs Realty
Buyer's Agent
Matt Preston
Twiddy and Company - Corolla
List Price
$2,995,000
Sold Price
$2,900,000
Premium/Discount to List
-$95,000
-3.17%
Total Days on Market
47
Current Estimated Value
$3,695,994

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$795,994
Avg. Annual Appreciation
6.45%
Original Mortgage
$2,320,000
Outstanding Balance
$2,129,470
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$1,566,524

Purchase Details

Closed on
Jun 8, 2017
Sold by
Jones Hugh A and Santini Linda
Bought by
703 N Virginia Dare Llc

Purchase Details

Closed on
Jun 4, 2012
Sold by
Sassan Ardeshire
Bought by
Jones Hugh A and Jones Linda L

Purchase Details

Closed on
Dec 27, 2009
Sold by
Rassoulpour Ali and Rassoulpour Nayereh
Bought by
Osprey Engineering & Management Llc

Purchase Details

Closed on
Sep 25, 2006
Sold by
Sassan Ardeshir
Bought by
Rassoulpour Ali and Rassoulpour Nayereh

Purchase Details

Closed on
Jun 27, 2006
Sold by
Rassoulpour Ali and Rassoulpour Nayereh
Bought by
Sassan Ardeshire
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
Two Stewards Llc $2,900,000 None Available
703 N Virginia Dare Llc -- None Available
Jones Hugh A $1,513,860 None Available
Osprey Engineering & Management Llc -- None Available
Rassoulpour Ali -- None Available
Sassan Ardeshire -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Two Stewards Llc $2,320,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2021 07/23/21 Sold $2,900,000 -3.2% $391 / Sq Ft
05/19/2021 05/19/21 Pending -- -- --
04/02/2021 04/02/21 For Sale $2,995,000 -- $404 / 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 $16,910 $2,191,600 $1,131,000 $1,060,600
2023 $16,878 $2,234,024 $1,131,000 $1,103,024
2022 $16,096 $2,234,024 $1,131,000 $1,103,024
2021 $16,096 $2,234,024 $1,131,000 $1,103,024
2020 $16,096 $2,234,024 $1,131,000 $1,103,024
2019 $18,629 $2,073,000 $708,700 $1,364,300
2018 $18,278 $2,073,000 $708,700 $1,364,300
2017 $20,510 $2,329,400 $708,700 $1,620,700
2016 $19,546 $2,329,400 $708,700 $1,620,700
2014 $18,190 $2,329,400 $708,700 $1,620,700
Source: Public Records

Agents Affiliated with this Home

  • Barry Breit

    Seller's Agent in 2021

    Barry Breit

    Carolina Designs Realty

    (252) 202-1043

    32 Total Sales

    Barry Breit
    Section Image
  • Matt Preston

    Buyer's Agent in 2021

    Matt Preston

    Twiddy and Company - Corolla

    (252) 207-6143

    169 Total Sales

    Matt Preston
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 113663

Outer Banks Association of REALTORS®

APN: 003693002

North Carolina Dare County Kill Devil Hills 27948

703 N Virginia Dare Trail, Kill Devil Hills, NC

This home is located at 703 N Virginia Dare Trail, Kill Devil Hills, NC 27948 since 02 April 2021 and is currently estimated at $3,695,994, approximately $498 per square foot. This property was built in 2003. 703 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.

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