NOT LISTED FOR SALE

8022 S Old Oregon Inlet Rd Nags Head, NC 27959

Estimated Value: $1,321,464 - $1,482,000

7 Beds
5.5 Baths
3,342 Sq Ft
$415/Sq Ft Est. Value

Last Sold April 05, 2018

Last sale price $647,500 $194 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $7,277/month

833 Days on Market

Highlights

  • Ocean Front
  • In Ground Pool
  • Coastal Architecture
  • Beach Access
  • Second Refrigerator
  • 5-minute walk to Whalebone Park

About This Home

As of April 2018

Wish buying investment property came with a guarantee... well, this one does! Seller is guaranteeing $64,000 in gross rents for 2018 rental season with acceptable offer. A spacious semi-oceanfront rental producer that includes ocean views, private pool, hot tub, gas fireplace, 7 bedrooms (3 of which are ensuite), an open-living floor plan on the top level with custom white oak and ceramic tile flooring, silestone kitchen counter tops, and gas fireplace in a roomy living/dining/kitchen area that is all inclusive, and an expansive game/family room equipped with billiard table, wet-bar, flat screen TV, and 2nd refrigerator on the ground level. 2015 - freshly painted exterior, put new carpet in all the bedrooms, and updated to flat screen TV's throughout this home. This investment property includes all the touches that guests relish on their beach vacation, including ocean views, and easy beach access. Nature Preserve views over the Roanoke Sound - this open space behind this home guarantees seclusion. Very close to the beach (semi-oceanfront), but in a tranquil picturesque setting where you can relax and be transported by nature and breathtaking sunsets.

Last Agent to Sell the Property

Hugh Willey

Sun Realty - KDH License #238260 Listed on: 11/09/2015

Co-Listed By

Geraldine Willey

Sun Realty - KDH License #257480

Last Buyer's Agent

Matt Myatt

Keller Williams - Outer Banks License #218707

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,471

Year Built

  • Built in 2004

Lot Details

  • 3,342 Sq Ft Lot
  • Ocean Front
  • Level Lot

Property Views

  • Ocean
  • Views of a Sound
  • Park or Greenbelt

Home Design

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

Interior Spaces

  • 3,342 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Game Room
  • Fire and Smoke Detector

Kitchen

  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

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

Outdoor Features

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

Utilities

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

Community Details

  • Bodie Isl Beach Subdivision

Listing and Financial Details

  • Tax Lot 25

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,471

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Located at MP 16.8 on westside of OOIR.
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Hot Tub, Outside Lighting, Outside Shower, Patio, Smoke Detector(s), Sun Deck, Dry Entry, Inside Laundry Room
  • Headline: Guaranteeid 2018 Rental Income
  • Heated Sq Ft: 3342
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: residentia
  • Deed Book Pg Number: 0238
  • Office License Number: C3211
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Refrigerator w/Ice Maker, 2nd Refrigerator, Stackable Washer/Dryer
  • Bedrooms: 7
  • Countertops: Silestone, Solid Surface
  • Floor Coverings: Carpet, Ceramic Tile, Wood, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Washer Connection, Wet Bar
  • Optional Rooms: Foyer, Game Room
  • Partial Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • Home Owner Dwelling Insurance: 5092

Lot Info

  • Estimated Lot Sq Ft: 3342
  • Lot Description: Adj to Park Serv./Preserv, Level
  • Lot Faces: E
  • Lot Number: Lot 25
  • Deed Book: 1713

Rental Info

  • Est Annual Rental Income: 65251
  • Estimated Rental Performance: 0.1008
  • Flood Expenses: 2063
  • Lease Terms: Weekly
  • Maintenance Expenses: 1000
  • Other Expenses: 550
  • Other Expenses2: 150
  • Poolspa Expense: 3000
  • Rental Co: Joe Lamb Realty
  • Rental Cottage Name: Sangria Splash
  • Rental Cottage Number: 184
  • Rental Phone Number: 252-261-4444
  • Rental Turnover Day: Sunday
  • Yearly Expense Actual Estimate: Estimated
  • Annual Cable TV Expense: 1800
  • Annual Electric: 2500
  • Annual Telephone Expense: 540
  • Annual Water Expense: 600

Building Info

  • Year Built: 2004

Tax Info

  • Year: 2015
  • Taxes: 4471.26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2015
Closed on
Mar 29, 2018
Sold by
Straug Jeremy M and Straub Maureen M
Bought by
Phelps Timothy H and Phelps Kara J
Seller's Agent
Hugh Willey
Sun Realty - KDH
Buyer's Agent
Matt Myatt
Keller Williams - Outer Banks
List Price
$699,000
Sold Price
$647,500
Premium/Discount to List
-$51,500
-7.37%
Current Estimated Value
$1,286,296

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$638,796
Avg. Annual Appreciation
10.92%
Original Mortgage
$518,000
Interest Rate
4.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 15, 2006
Sold by
Straub Jeremy and Herron Andrew H
Bought by
Straub Jeremy M and Pieri Brian

Purchase Details

Closed on
May 13, 2005
Sold by
Npr Ventures Llc
Bought by
Herron Andrew H and Straub Jeremy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$792,000
Interest Rate
5.98%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Phelps Timothy H -- --
Straub Jeremy M -- Heritage Title Services Llc
Herron Andrew H $990,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phelps Timothy H $500,532
Closed Phelps Timothy H $518,000
Previous Owner Herron Andrew H $792,000
Previous Owner Herron Andrew H $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2018 04/05/18 Sold $647,500 -7.4% $194 / Sq Ft
02/19/2018 02/19/18 Pending -- -- --
11/21/2017 11/21/17 For Sale $699,000 +8.0% $209 / Sq Ft
11/16/2017 11/16/17 Off Market $647,500 -- --
05/16/2017 05/16/17 For Sale $699,000 +8.0% $209 / Sq Ft
05/16/2017 05/16/17 Off Market $647,500 -- --
11/09/2015 11/09/15 For Sale $789,000 -- $236 / 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 $2,825 $686,900 $213,100 $473,800
2023 $2,825 $705,852 $213,100 $492,752
2022 $2,827 $705,852 $213,100 $492,752
2021 $2,835 $705,852 $213,100 $492,752
2020 $4,876 $705,852 $213,100 $492,752
2019 $3,005 $618,300 $196,500 $421,800
2018 $3,015 $618,300 $196,500 $421,800
Source: Public Records

Agents Affiliated with this Home

  • Hugh Willey

    Seller's Agent in 2018

    Hugh Willey

    Sun Realty - KDH

    (252) 489-8491

    15 in this area

    77 Total Sales

    Section Image

  • G

    Seller Co-Listing Agent in 2018

    Geraldine Willey

    Sun Realty - KDH

    Section Image
  • Matt Myatt

    Buyer's Agent in 2018

    Matt Myatt

    Keller Williams - Outer Banks

    (252) 207-6588

    25 in this area

    440 Total Sales

    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 90199

Outer Banks Association of REALTORS®

APN: 007845031

North Carolina Dare County Nags Head 27959

8022 S Old Oregon Inlet Rd, Nags Head, NC

This home is located at 8022 S Old Oregon Inlet Rd, Nags Head, NC 27959 since 09 November 2015 and is currently estimated at $1,387,116, approximately $415 per square foot. This property was built in 2004. 8022 S Old Oregon Inlet Rd is a home located in Dare County with nearby schools including Nags Head Elementary School, Manteo Middle School, and Manteo 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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