NOT LISTED FOR SALE

8025 S Old Oregon Inlet Rd Nags Head, NC 27959

Estimated Value: $1,875,000 - $2,569,000

8 Beds
5.5 Baths
3,870 Sq Ft
$569/Sq Ft Est. Value

Last Sold July 08, 2014

Last sale price $1,055,000 $273 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $12,102/month

145 Days on Market

Highlights

  • Beach Front
  • In Ground Pool
  • Cathedral Ceiling
  • Ocean View
  • Second Refrigerator
  • Wood Flooring

About This Home

As of July 2014

AN INVESTOR'S DREAM...RENOVATED 8 BEDROOM OCEANFRONT PRODUCING A 10%+ GROSS RENTAL RATIO! JUST RENOVATED DEC. '13: NEW BAMBOO WOOD FLOORS (top level), NEW CARPET THROUGHOUT, NEW GRANITE COUNTERS AND STAINLESS APPLIANCES IN KITCHEN, SOME NEW LIGHT FIXTURES, CEILINGS FANS, ARTWORK, FURNITURE AND BEDSPREADS THROUGHOUT! This home looks brand new and really shines! Almost every room features a stunning Ocean View. The reverse floor plan allows you to soak in the Ocean Views while socializing between the spacious open plan Gourmet Kitchen, Dining, and Living Room area. The ground level offers a large game room and den, and outdoors the entertainment options continue to multiply with a 29x13 private fiberglass pool, hot tub, grill, and private beach walkway with a dune top deck! Ideally located close to shopping, retaurants, this home is also just down the road is Jennette's Pier at MP 16.5...Ideal for fishing or surfing!

Last Agent to Sell the Property

Heather Sakers

Coldwell Banker Seaside Realty KH License #255119 Listed on: 12/24/2013

Coldwell Banker Seaside Realty KH

Co-Listed By

Charles Gill

Coldwell Banker Seaside Realty KH License #273660

Last Buyer's Agent

Jeff Scott

Scott Team Realty License #133929

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,409

Year Built

  • Built in 1998

Lot Details

  • 0.38 Acre Lot
  • Beach Front
  • Level Lot

Home Design

  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Shake Siding
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 3,870 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 15 / 1

Community Details

Overview

  • Bodie Isl Beach Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,409

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: South on Highway 12. Two lots North of the Comfort Inn.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Hot Tub, Jet Tub, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck
  • Headline: RENOVATED & GORGEOUS!!
  • Heated Sq Ft: 3870
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: RES
  • Deed Book Pg Number: 34
  • 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: King Mst, On Level: 3
  • Bedroom 2: King Mst, On Level: 2
  • Bedroom 3: King, On Level: 2
  • Bedroom 4: Queen, On Level: 2
  • Bedroom 5: Queen, On Level: 2
  • Bedroom 6: Bunks, On Level: 2
  • Bedroom 7: 2 Twins, On Level: 1
  • Bedroom 8: Bunks, On Level: 1
  • Kitchen: Ocean View, On Level: 3
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Wood
  • 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
  • Dining Room: Ocean View, On Level: 3
  • Game Room: Pool Table, On Level: 1
  • Living Room: Ocean View, On Level: 3
  • Optional Rooms: Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Shakes, Vinyl
  • Pool: Yes
  • Pool Type: Outdoor, In Ground, Fiberglass
  • Roof: Asphalt/Fiber Shingle
  • Sun Deck Size: Ocean View
  • View: Ocean

Garage/Parking

  • Parking: Paved, Off Street

Utilities

  • Cooling: Central, Zoned
  • Heating: Electric, Heat Pump, Zoned
  • Oilgas Severed Pre Owner: No Representation
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Lot Info

  • Estimated Lot Sq Ft: 16500
  • Lot Description: Beach Frontage, Level, Water Frontage
  • Lot Number: Lot 15
  • Deed Book: 1650

Rental Info

  • Est Annual Rental Income: 118787
  • Estimated Rental Performance: 0.1126
  • Flood Expenses: 502
  • Rental Co: Sun Realty
  • Rental Cottage Name: Sails 2
  • Rental Cottage Number: Sails 2
  • Rental Phone Number: 252-441-7033
  • Rental Turnover Day: SAT

Building Info

  • Year Built: 1998

Tax Info

  • Year: 2013
  • Taxes: 6408.78

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 24, 2013
Closed on
Jul 8, 2014
Sold by
8025 Ogi Properties Llc
Bought by
Schaaf Joseph Robert
Seller's Agent
Heather Sakers
Coldwell Banker Seaside Realty KH
Buyer's Agent
Jeff Scott
Scott Team Realty
List Price
$1,099,000
Sold Price
$1,055,000
Premium/Discount to List
-$44,000
-4%
Current Estimated Value
$2,049,586

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$994,586
Avg. Annual Appreciation
6.86%
Original Mortgage
$738,500
Interest Rate
2.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 2005
Sold by
Bennion Ronald R and Bennion Debra J
Bought by
8025 Ogi Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$857,500
Interest Rate
5.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Schaaf Joseph Robert -- None Available
8025 Ogi Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schaaf Joseph Robert $620,500
Closed Schaaf Joseph Robert $738,500
Previous Owner Brnnion Ronald R $857,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2014 07/08/14 Sold $1,055,000 -4.0% $273 / Sq Ft
05/18/2014 05/18/14 Pending -- -- --
12/24/2013 12/24/13 For Sale $1,099,000 -- $284 / 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 $10,569 $1,127,700 $617,500 $510,200
2023 $4,598 $1,148,108 $617,500 $530,608
2022 $4,598 $1,148,108 $617,500 $530,608
2021 $4,598 $1,148,108 $617,500 $530,608
2020 $4,598 $1,148,108 $617,500 $530,608
2019 $4,384 $910,100 $454,800 $455,300
2018 $4,384 $910,100 $454,800 $455,300
2017 $4,384 $910,100 $454,800 $455,300
2016 $4,011 $910,100 $454,800 $455,300
2014 $8,683 $910,100 $454,800 $455,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 81718

Outer Banks Association of REALTORS®

APN: 012217000