NOT LISTED FOR SALE

8103 S Old Oregon Inlet Rd Nags Head, NC 27959

Estimated Value: $1,898,000 - $2,562,000

9 Beds
8 Baths
4,102 Sq Ft
$546/Sq Ft Est. Value

Last Sold April 23, 2021

Last sale price $1,865,000 $455 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $13,061/month

17 Days on Market

Highlights

  • Beach Front
  • Outdoor Pool
  • Furnished
  • Ocean View
  • Contemporary Architecture
  • Central Heating and Cooling System

About This Home

As of April 2021

***$190K booked for 2021**** Expecting $225K PLUS NEW: Roof, A/C, water heaters, ENTIRE SEPTIC, kitchen appliances and more updates. LARGE three-story OCEAN FRONT (w/large PRIVATE POOL) S. Nags Head. SEA-TO-SOUND views! With spacious 9 bedrooms, 6 full bathrooms and 2 half bathrooms, this home comfortably accommodates 23 people and the ultimate rental machine with an incredible ROI. If you’re looking to invest in a home on the beach, look no further than this gem, as this floor plan creates the perfect space not only for you and your entire family and friends, but one that is also highly marketable for vacationing groups, weddings and events. Situated right on the beach of South Nags head at milepost 16.5, just south of the impressive Jennette’s Pier and north of the historic Nags Head Pier, this incredible oceanfront home features multiple levels of both covered and sunning decks and provides a vantage point for views of the Albemarle Sound. You will have the unique opportunity to watch the sun rise from the ocean and set into the sound all from the comfort of your own home. Not only is this a powerhouse of home, but the quiet, quaint locale of South Nags Head is a coveted one, where history and the quintessential Outer Banks-home-experience mingle with a proximity to all of the fine dining, local eateries, shops and sites to explore that you could ever want in a day, week or lifetime on the OBX. The upper level is marked by its beautiful great room that encompasses the kitchen, dining room and living room, combining comfortable cooking, dining, relaxing and entertaining effortlessly into one beautiful room overlooking the sea through a wall of windows. An extended granite countertop bar in the kitchen allows seating for 7 while you entertain guests or share family time while preparing and cooking meals together. A double sink along the bar counter and a farmhouse sink against the wall create plenty of room to prep and cook large quantities of food at one time to accommodate all of the guests that the house can hold. Continuing through the open floor plan, the lengthy dining room can fit a farmhouse table with plenty of room to spare, seating 15 or more comfortably at once, and in conjunction with the bar seating, everyone in the house can sit together for a meal! A wet bar along the wall of the dining room is the perfect place for a coffee bar or for additional drinks, with its own icemaker and sink. The great room, with wood floors throughout, also has the ideal spot for a reading and writing nook in the corner, bringing everyone together to eat, drink, cook, lounge and relax, all in the same room while having plenty of space to feel comfortable on their own. A screened-in porch extending off of the great room is the perfect place to put another dining table for al fresco meals and drinks and offers panoramic views from the sound to the sea. A carpeted master bedroom with a gorgeous private bath with double sinks, a shower and a jacuzzi tub, as well as a half bath can also be found on the upper level. The mid-level of this fantastic home features 2 carpeted master bedrooms offering an ocean view and deck access, 2 bedrooms that share a full bath, another bedroom, a full bathroom in the hallway and an oceanfront deck, perfect for a hot tub. On the lower level there is a rec room with another wet bar with wooden floors that opens up to the lower deck and pool. There is also a master bedroom and an additional 2 bedrooms on this floor. As if the house and location weren’t enough, the dreamy, enclosed backyard with a private, heated pool just steps from the ocean gives any water lover the best of both worlds just outside your door. Take a dip and then walk right out onto your own private beach access. There is also a dog run right next to the home for you or your guests’ four-legged friends and one of the half bathrooms can be found outdoors, along with an outdoor shower by the pool and tiki bar. Wha

Last Listed By

Brook Sparks

Coldwell Banker Seaside Realty KH License #275425 Listed on: 03/09/2021

Coldwell Banker Seaside Realty KH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,572

Year Built

  • Built in 1999

Lot Details

  • 0.44 Acre Lot
  • Beach Front

Home Design

  • Contemporary Architecture
  • Frame Construction

Interior Spaces

  • 4,102 Sq Ft Home
  • Furnished
  • Ocean Views

Bedrooms and Bathrooms

  • 9 Bedrooms

Additional Features

  • Outdoor Pool
  • Central Heating and Cooling System

Community Details

  • Bodie Isl Beach Subdivision

Listing and Financial Details

  • Legal Lot and Block 23 / 2

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,572

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary
  • Flood Zone: VE
  • Headline: $200K in rents for 2021! OF!
  • Heated Sq Ft: 4102
  • L V T Date: 03/09/2021
  • Sale/Rent: For Sale
  • Section: PL
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 889
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C7166
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 9
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Partial Bathrooms: 2

Exterior Features

  • Construction: Frame
  • Pool: Yes
  • Pool: Private
  • Pool Type: Private Pool
  • View: Ocean

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Estimated Lot Sq Ft: 19000
  • Lot Description: Beach Frontage, Water Frontage
  • Lot Number: Lot 23
  • Estimated Lot Size: 0.44
  • Deed Book: 2161

Rental Info

  • Rental Co: Kitty Hawk Rentals
  • Rental Cottage Name: Barefeet Retreat
  • Rental Cottage Number: K1219
  • Rental Phone Number: 252.441.7166
  • Rental Turnover Day: Saturday
  • Rental Contact Name: Beach Realty - Tiffany Moldovan

Building Info

  • Year Built: 1999

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2019
  • Taxes: 7571.73

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 17, 2021
Sold by
Globevest Capjtal Real Estate Lp
Bought by
Globevest Capital Real Estate Us Lp
Total Days on Market
17
Current Estimated Value
$2,238,964

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,157,000
Outstanding Balance
$2,008,139
Interest Rate
3.11%
Mortgage Type
Commercial
Estimated Equity
$130,447

Purchase Details

Listed on
Mar 9, 2021
Closed on
Apr 23, 2021
Sold by
Davis Douglas T and Davis Laura A
Bought by
Globevest Capital Real Estate Lp
Seller's Agent
Brook Sparks
Coldwell Banker Seaside Realty KH
Buyer's Agent
Brook Sparks
Coldwell Banker Seaside Realty KH
List Price
$1,750,000
Sold Price
$1,865,000
Premium/Discount to List
$115,000
6.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.40%

Purchase Details

Listed on
Jun 28, 2016
Closed on
Mar 15, 2017
Sold by
Mcdermott Glenn R and Parker Rebecca Anne
Bought by
Davis Douglas T and Davis Laura A
Seller's Agent
Heather Sakers
Coldwell Banker Seaside Realty KH
Buyer's Agent
Everette Jennings
OBXBROKER L.L.P
List Price
$1,199,000
Sold Price
$1,080,000
Premium/Discount to List
-$119,000
-9.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.48%

Purchase Details

Closed on
Mar 11, 2011
Sold by
Ely John H and Ely Kay T
Bought by
Mcdermott Glenn R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
4.76%
Mortgage Type
New Conventional

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
Globevest Capital Real Estate Us Lp -- None Available
Globevest Capital Real Estate Lp $1,865,000 None Available
Davis Douglas T $1,080,000 None Available
Mcdermott Glenn R $839,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Globevest Capital Real Estate Us Lp $2,157,000
Previous Owner Davis Douglas T $413,000
Previous Owner Mcdermott Glenn R $3,137,000
Previous Owner Mcdermott Glenn R $417,000
Previous Owner Mcdermott Glenn R $525,000
Previous Owner Ely John H $1,142,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2021 04/23/21 Sold $1,865,000 +6.6% $455 / Sq Ft
03/26/2021 03/26/21 Pending -- -- --
03/09/2021 03/09/21 For Sale $1,750,000 +62.0% $427 / Sq Ft
04/11/2017 04/11/17 Sold $1,080,000 -9.9% $256 / Sq Ft
02/24/2017 02/24/17 Pending -- -- --
06/28/2016 06/28/16 For Sale $1,199,000 -- $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 $6,333 $1,200,100 $622,300 $577,800
2023 $6,333 $1,223,212 $622,300 $600,912
2022 $4,899 $1,223,212 $622,300 $600,912
2021 $5,388 $1,223,212 $622,300 $600,912
2020 $4,899 $1,223,212 $622,300 $600,912
2019 $4,639 $962,100 $462,300 $499,800
2018 $4,639 $962,100 $462,300 $499,800
2017 $4,639 $962,100 $462,300 $499,800
2016 $4,244 $962,100 $462,300 $499,800
2014 $9,209 $962,100 $462,300 $499,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 113248

Outer Banks Association of REALTORS®

APN: 006958000