$4,200,000
SOLD JUN 17, 2022

807 S Virginia Dare Trail Kill Devil Hills, NC 27948

12 Beds
13 Baths
8,200 Sq Ft
0.55 Acres

Recently Sold

$512 Per Sq Ft

2% Below List Price

13 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • 0.55 Acre Lot
  • First Flight Middle School Rated A-
  • In Ground Pool
  • Second Refrigerator

About This Home

As of June 2022

Beautiful oceanfront home in the OBX. Functional open floorplan that people love, elevator, 12 bedrooms, movie theatre, private pool, 8200sf built in 2005 by Randy Saunders. Wide sandy beaches and a nice dune between the ocean and the home, no flood insurance needed! Large outdoor area with pool, poolside bar, hot tub, private ocean access. Inside is a spacious home with great ocean views, a large recreation room with tons of amenities for your guests. Rental income is over $415k/this season, amazing returns. This property is a must see, the day to tour is Saturday from 10-4.

Last Agent to Sell the Property

Cooper Hawk

Outer Banks Realty Group License #229028 Listed on: 04/16/2022

Co-Listed By

Jenny Hawk

Outer Banks Realty Group License #320655

Last Buyer's Agent

Beth Dobney Garcia

Coldwell Banker Seaside Realty KH License #174853

Coldwell Banker Seaside Realty KH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,530

Year Built

  • Built in 2005

Lot Details

  • 0.55 Acre Lot
  • Beach Front
  • 52 Feet of Waterfront
  • Landscaped
  • Irregular Lot

Parking

  • Paved Parking

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked
  • Vinyl Construction Material

Interior Spaces

  • 8,200 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Library
  • Ocean Views

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Whirlpool Bathtub
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Outdoor Pool

Outdoor Features

  • Sun Deck
  • Patio

Utilities

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

Community Details

  • Built by Randy Saunders
  • Baum Beach Subdivision

Listing and Financial Details

  • Tax Lot lot 5

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,530

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Extras: Beach Access, Ceiling Fan(s), Elevator, Jet Tub, Landscaped, Patio, Sun Deck, Whirlpool/Spa
  • Flood Zone: X
  • Headline: 10% GRI
  • Heated Sq Ft: 8200
  • L V T Date: 04/17/2022
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Advertised Income 2021: 375000
  • Advertised Income 2022: 425000
  • Deed Book Pg Number: 0055
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C25379
  • 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, Microwave, Wall Oven, Washer, 2nd Refrigerator
  • Bedrooms: 12
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Foundation: Piling, Slab
  • Full Bathrooms: 11
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ensuite, Pantry, Walk in Closet, Wet Bar
  • Optional Rooms: Library/Study, Office
  • Partial Bathrooms: 2

Exterior Features

  • Homebuilder: Randy Saunders
  • Construction: Frame, Wood
  • Exterior: Vinyl, Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 52
  • View: Ocean
  • Water Frontage: 52

Garage/Parking

  • Parking: Paved

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Electric, Heat Pump
  • Fuel Tanks: Leased
  • Septic Fee: 3762
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Condo/Co-op/Association

  • Home Owner Dwelling Insurance: 11654

Lot Info

  • Estimated Lot Sq Ft: 24000
  • Lot Description: Beach Frontage, Irregular Terrain, Water Frontage
  • Lot Faces: .55
  • Lot Number: lot 5
  • Estimated Lot Size: 0.55
  • Deed Book: 1926

Rental Info

  • Est Annual Rental Income: 470448
  • Estimated Rental Performance: 0.112
  • Flood Expenses: 900
  • Lease Terms: Weekly
  • Maintenance Expenses: 6000
  • Other Expenses: 1159
  • Other Expenses2: 155
  • Poolspa Expense: 4607
  • Rental Co: VRBO
  • Rental Cottage Name: KDH Paradise
  • Rental Cottage Number: 468938
  • Rental Turnover Day: Sat
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 4261
  • Annual Electric: 9092
  • Annual Water Expense: 3390

Building Info

  • Year Built: 2005

Tax Info

  • Year: 2021
  • Taxes: 15529.66

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2022
Closed on
Jun 2, 2022
Sold by
Dpp Properties Llc
Bought by
Forty Acre Property Management Llc
Seller's Agent
Cooper Hawk
Outer Banks Realty Group
Buyer's Agent
Beth Dobney Garcia
Coldwell Banker Seaside Realty KH
List Price
$4,295,000
Sold Price
$4,200,000
Premium/Discount to List
-$95,000
-2.21%
Current Estimated Value
$4,120,803

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$79,197
Avg. Annual Appreciation
-0.58%
Original Mortgage
$1,400,000
Outstanding Balance
$532,365
Interest Rate
5.27%
Mortgage Type
New Conventional
Estimated Equity
$3,588,438

Purchase Details

Listed on
Apr 12, 2012
Closed on
Apr 2, 2013
Sold by
Shanahan Jeremiah T and Shanahan Kristen D
Bought by
Dpp Properties Llc and Mh40 Properties Llc
Seller's Agent
Jane Ford
Ford Luxury Properties, LLC
Buyer's Agent
Jane Ford
Ford Luxury Properties, LLC
List Price
$1,900,000
Sold Price
$1,500,000
Premium/Discount to List
-$400,000
-21.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.83%
Original Mortgage
$2,218,363
Interest Rate
3.55%
Mortgage Type
Commercial
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 Type Sale Price Title Company
Warranty Deed $25,200,000 Ngp Starkey
Warranty Deed $4,200,000 None Listed On Document
Warranty Deed $1,500,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $500,000 New Conventional
Open $1,400,000 New Conventional
Closed $1,400,000 New Conventional
Previous Owner $4,000,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $3,150,000 Unknown
Previous Owner $2,218,363 Commercial
Previous Owner $2,218,363 Commercial
Previous Owner $2,036,000 Adjustable Rate Mortgage/ARM
Previous Owner $2,019,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2022 06/17/22 Sold $4,200,000 -2.2% $512 / Sq Ft
04/29/2022 04/29/22 Pending -- -- --
04/16/2022 04/16/22 For Sale $4,295,000 +186.3% $524 / Sq Ft
04/04/2013 04/04/13 Sold $1,500,000 -21.1% $183 / Sq Ft
03/01/2013 03/01/13 Pending -- -- --
04/12/2012 04/12/12 For Sale $1,900,000 -- $232 / 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 $16,284 $2,116,000 $1,131,000 $985,000
2023 $16,284 $2,155,400 $1,131,000 $1,024,400
2022 $15,530 $2,155,400 $1,131,000 $1,024,400
2021 $15,530 $2,155,400 $1,131,000 $1,024,400
2020 $15,530 $2,155,400 $1,131,000 $1,024,400
2019 $20,029 $2,226,300 $708,700 $1,517,600
2018 $19,589 $2,226,300 $708,700 $1,517,600
2017 $19,589 $2,226,300 $708,700 $1,517,600
2016 $18,668 $2,226,300 $708,700 $1,517,600
2014 $17,978 $2,226,300 $708,700 $1,517,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 118519

Outer Banks Association of REALTORS®

APN: 008145004