$1,684,000
SOLD DEC 29, 2020

7245 S Old Oregon Inlet Rd Nags Head, NC 27959

8 Beds
9.5 Baths
5,254 Sq Ft
0.44 Acres

Recently Sold

$321 Per Sq Ft

6% Below List Price

216 Days on Market

Highlights

  • Beach Front
  • Home Theater
  • Second Refrigerator
  • Ocean View
  • Heated In Ground Pool
  • 4-minute walk to Whalebone Park

About This Home

As of April 2022

This is “The Gem” you have been waiting for! Incredible 8 bedrooms (each with private bath), media room, game room, reverse floor plan, pool, hot tub, and spectacular ocean views. The custom touches in this turn-key home will impress the discerning buyer. Newly refinished hardwood floors and stainless-steel appliances compliment the granite counters in the spacious kitchen which features several workspaces for meal prep, as well as a breakfast bar. A handy pantry and half bath are also located on this level. An intimate dining area just off the kitchen offers lovely sound views, while the main family room/dining area showcases the spectacular ocean views. The open floor plan is enhanced by simple, serene décor- this home lets the views do the talking. The spacious top floor Master suite with sound views boasts a luxurious custom tiled Master bath featuring an oversized shower (with multiple shower heads), jet tub and a double vanity. Five more comfortable Master en Suites are located on the mid-level. Two Masters have ocean views, one of which is handicapped friendly with roll-in shower and vanity, and another Master has sound views. Each bedroom is large and has ample closet space. In addition, the game room is on this level with more stunning ocean views as well as that of Jennette’s Pier. An entire wall of windows with a slider to the covered porch bring the outside in. A convenient wet bar (with mini-fridge and microwave) helps keep the party going whether playing pool or watching the multiple TV’s. On the ground level are the remaining two en suite bedrooms- a double bunk room and a King. Both are generous bedrooms with private baths. This level is also where the large media room (with direct access to the 14x28’ oceanside pool) and adjacent kitchenette is located. The kitchenette has a full-size Stainless-Steel refrigerator, dishwasher, and ice maker. The full bath also has convenient access to the pool. The laundry room with counter and wash sink are centrally located in the heart of this ground level, in addition to several available storage closets. If this sounds like a big house- it is! (Eight Master bedrooms, 9 full bathrooms, and 1 powder room.) Over 5200 square feet of vacation enjoyment. But don’t worry, there's an elevator as well as outside stairs to every level. Throw in a hot tub, volleyball court, basketball hoop, and the beach right at your doorstep and you have “The Gem” of a beach house! Ocean to sound views, the convenience of restaurants, Jennette’s Pier, and other local attractions make this a property a must-see!

Last Agent to Sell the Property

Matt Myatt

Keller Williams - Outer Banks License #218707 Listed on: 04/06/2020

Keller Williams - Outer Banks

Co-Listed By

Terry Blocher

Keller Williams - Outer Banks License #271673

Last Buyer's Agent

Shane Collins

SERHANT North Carolina LLC License #271508

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,519

Year Built

  • Built in 2004

Lot Details

  • Beach Front
  • Landscaped
  • Level Lot

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 5,254 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Family Room
  • Dining Room
  • Home Theater
  • Game Room
  • Utility Room
  • Home Security System

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Granite Countertops
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Accessible Home Design

  • Handicap Accessible

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tax Lot 3

Community Details

Overview

  • Dea Properties Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,519

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: South at Whalebone Junction, property will be the 3rd oceanfront south of Jennette's Pier.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Elevator, Handicap Friendly, Hot Tub, Jet Tub, Landscaped, Outside Lighting, Outside Shower, Security System, Sun Deck, Inside Laundry Room
  • Flood Zone: VE
  • Headline: Ocean & Sound Views!
  • Heated Sq Ft: 5254
  • L V T Date: 04/06/2020
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: res
  • Advertised Income 2020: 179652
  • Advertised Income 2021: 106239
  • Deed Book Pg Number: 0022
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C30917
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 8
  • Bedroom 1: 13.5x18, On Level: 2
  • Bedroom 2: 12.5x13, On Level: 1
  • Bedroom 3: 11x13, On Level: 1
  • Bedroom 4: 11x14, On Level: 1
  • Bedroom 5: 10.5x12, On Level: 1
  • Bedroom 6: 8.5x10.5, On Level: 1
  • Bedroom 7: 12.5x10, On Level: Ground
  • Bedroom 8: 12.5x10, On Level: Ground
  • Kitchen: On Level: 2
  • Countertops: Granite, Laminate, Solid Surface
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 9
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Washer Connection, Wet Bar
  • Dining Room: On Level: 2
  • Family Room: On Level: 2
  • Game Room: On Level: 1
  • Optional Room 3: On Level: Ground
  • Optional Rooms: Foyer, Game Room, Pantry, Shipswatch, Media Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean, Sound

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street

Utilities

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

Lot Info

  • Lot Description: Beach Frontage, Level
  • Lot Number: Lot 3
  • Deed Book: 1716

Rental Info

  • Est Annual Rental Income: 203818
  • Estimated Rental Performance: 0.121
  • Lease Terms: Weekly
  • Rental Co: Village Realty
  • Rental Cottage Name: The Gem
  • Rental Cottage Number: SN02
  • Rental Phone Number: 252-480-2224
  • Rental Turnover Day: Saturday
  • Rental Contact Email: obxrentals@villagerealty.com
  • Rental Contact Name: Laura Payne
  • Rental Contact Phone: 252-480-2224

Building Info

  • Year Built: 2004

Tax Info

  • Year: 2019
  • Taxes: 13518.85

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2022
Closed on
Apr 13, 2022
Sold by
Mchc The Gem Llc
Bought by
Mulligans Obx Llc
Seller's Agent
Tammy Russell
Keller Williams - Outer Banks
Buyer's Agent
Michael Siers
Howard Hanna Outer Banks Realt
List Price
$2,495,000
Sold Price
$2,500,000
Premium/Discount to List
$5,000
0.2%
Current Estimated Value
$2,834,937

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$334,937
Avg. Annual Appreciation
3.88%
Original Mortgage
$1,750,000
Outstanding Balance
$1,656,882
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
$1,178,055

Purchase Details

Listed on
Apr 6, 2020
Closed on
Dec 17, 2020
Sold by
Philip Garfinkle Living Trust
Bought by
Mchc The Gem Llc
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Shane Collins
SERHANT North Carolina LLC
List Price
$1,799,000
Sold Price
$1,684,000
Premium/Discount to List
-$115,000
-6.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.84%
Original Mortgage
$1,347,200
Interest Rate
2.8%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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 $15,000,000 Evans & Meads Pllc
Warranty Deed $2,500,000 None Listed On Document
Warranty Deed $1,684,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,750,000 New Conventional
Closed $1,750,000 New Conventional
Previous Owner $1,347,200 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2022 04/14/22 Sold $2,500,000 +0.2% $476 / Sq Ft
02/27/2022 02/27/22 Pending -- -- --
02/24/2022 02/24/22 For Sale $2,495,000 +48.2% $475 / Sq Ft
12/29/2020 12/29/20 Sold $1,684,000 -6.4% $321 / Sq Ft
11/08/2020 11/08/20 Pending -- -- --
04/06/2020 04/06/20 For Sale $1,799,000 -- $342 / 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 $14,296 $1,542,100 $622,300 $919,800
2023 $14,296 $1,578,892 $622,300 $956,592
2022 $6,323 $1,578,892 $622,300 $956,592
2021 $13,200 $1,578,892 $622,300 $956,592
2020 $6,323 $1,578,892 $622,300 $956,592
2019 $6,605 $1,361,100 $477,400 $883,700
2018 $6,773 $1,361,100 $477,400 $883,700
2017 $6,605 $1,361,100 $477,400 $883,700
2016 $6,043 $1,361,100 $477,400 $883,700
2014 $6,043 $1,361,100 $477,400 $883,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 108944

Outer Banks Association of REALTORS®

APN: 030212000