NOT LISTED FOR SALE

8123 S Old Oregon Inlet Rd Unit 309 Nags Head, NC 27959

Estimated Value: $496,000 - $569,000

2 Beds
2 Baths
950 Sq Ft
$557/Sq Ft Est. Value

Last Sold December 07, 2023

Last sale price $488,000 $514 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,323/month

57 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Dumbwaiter
  • Community Beach Access
  • In Ground Pool
  • Contemporary Architecture

About This Home

As of December 2023

Beautiful Ocean Side Condo in Pier View Community!! These do not come on the market very often! This well-maintained community offers two swimming pools, gorgeous wide beaches just south of Jennette's Pier and north of The Outer Banks Fishing Pier yet close enough to walk to all the events and restaurants in the area! This top-level condo offers ocean views from each of the two bedrooms, the balcony and even the front entry deck. It has a beautiful coastal theme throughout this gorgeous condo! The master bedroom has amazing ocean views from the bed! It is very spacious with a dressing area and large master bath with a soaking tub. The second bedroom also has ocean views and plenty of sleeping! There is a stackable washer/dryer in the hallway for convenience. This 3rd floor condo has a cargo lift for luggage and groceries! The ocean front building to the right of this building has a unique feature of offering two large, covered ocean front deck for enjoying the beach and ocean views without getting in the sun and there is another open oceanfront deck on the top level with lounge chairs for enjoying the ocean. Both of these spaces are accessible by elevator and would make a great spot for having happy hour at the ocean without getting sandy! Plenty of parking here with a huge parking lot, basketball hoop, playground and large grassy area! This is a gorgeous community and very well maintained by the HOA! This unit has a new HVAC installed in 2020. Rentals are consistently strong, and the owners use a number of weeks for themselves that you gain you approximately another $7,000 per season in addition to the current rental income. Owners do a great job of self-managing the rental income with consistent bookings; however, I also have a projection from a local management company to take care of it for you! Gross rents are with taxes and therefore the owner rental income is the net to the owner without other management fees. 2023 Rental income was lower due to a change in the booking platform during the high booking season and owner use.

Last Agent to Sell the Property

Dawn Stultz

Blue Horizon Realty License #251514 Listed on: 09/09/2023

Last Buyer's Agent

Matt Myatt

Keller Williams - Outer Banks License #218707

Keller Williams - Outer Banks

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,184

Year Built

  • Built in 1985

Lot Details

  • Beach Front
  • Level Lot

HOA Fees

  • $430 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Property Attached
  • Entry on the 3rd floor
  • Masonry Perimeter Foundation
  • Stucco

Interior Spaces

  • 950 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Laminate Flooring
  • Ocean Views
  • Stacked Washer and Dryer

Kitchen

  • Dumbwaiter
  • Oven or Range
  • Microwave
  • Dishwasher
  • Laminate Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Parking

  • Paved Parking
  • Parking Lot

Outdoor Features

  • In Ground Pool
  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

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

Community Details

Overview

  • Association fees include building maintenance, cable, common electric, common insurance, flood insurance, grounds maintenance, management, pool, sewer/septic, water, walkways
  • Jenna Hurdle Association, Phone Number (252) 423-0761
  • Pierview Oceanfront Condos Subdivision

Amenities

  • Common Area

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,184

Year Built

Built in 1985

Lot Details

0

HOA Fees

$430 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary
  • Directions: Condo on 3rd floor on the first building on the left (north side of community)
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Outside Lighting, Sun Deck, Dumbwaiter/Lift
  • Flood Zone: AE
  • Headline: Beautiful Ocean Side Condo!
  • Heated Sq Ft: 950
  • L V T Date: 09/09/2023
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Unit Level Number: 3
  • Waterfront Location: Oceanfront
  • Zoning: CR
  • Advertised Income 2021: 50559
  • Advertised Income 2022: 44880
  • Deed Book Pg Number: 0669
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C22210
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Microwave, Range/Oven, Refrigerator, Stackable Washer/Dryer
  • Bedrooms: 2
  • Countertops: Laminate
  • Electronic Locks: Owned
  • Floor Coverings: Wood Laminate
  • Foundation: Masonry
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Ensuite

Exterior Features

  • Construction: Block
  • Exterior: Stucco
  • Pool: Yes
  • Pool: Association
  • Pool Type: Outdoor, In Ground, Association Pool
  • Roof: Tar/Gravel
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Parking Lot, Paved

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Forced Air, Heat Pump
  • Sewer/Septic System: Community Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Building Maintenance, Cable, Common Electric, Common Insurance, Flood Insurance, Grounds Maintenance, Management, Pool, Sewer/Septic, Water, Walkways
  • Condo Type: Attached
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Board Walk, Common Area
  • Estimated Annual Fee: 5160
  • Hoa Contact: Jenna Hurdle
  • HOA Contact: 252-423-0761
  • Home Owner Dwelling Insurance: 915

Lot Info

  • Lot Description: Beach Frontage, Level, Water Frontage
  • Deed Book: 2641

Rental Info

  • Lease Terms: Weekly
  • Rental Co: Managed by Homeowner
  • Annual Electric: 1032
  • Rental Contact Name: Amy Underwood
  • Rental Contact Phone: 252-689-9059

Building Info

  • Year Built: 1985

Tax Info

  • Year: 2023
  • Taxes: 2184

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2023
Closed on
Dec 7, 2023
Sold by
Jonem Properties Llc and Mamy Properties Llc
Bought by
Sparks James M and Sparks Jennifer L
Seller's Agent
Dawn Stultz
Blue Horizon Realty
Buyer's Agent
Matt Myatt
Keller Williams - Outer Banks
List Price
$549,900
Sold Price
$488,000
Premium/Discount to List
-$61,900
-11.26%
Views
310
Current Estimated Value
$528,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,908
Avg. Annual Appreciation
3.44%

Purchase Details

Closed on
Jan 31, 2019
Sold by
Everett Donald E
Bought by
Wilson Catherine E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,200
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2014
Sold by
Revelle Henry H and Revelle Sara T
Bought by
Everett Donald E and Wilson Catherine E

Purchase Details

Closed on
Jan 5, 2012
Sold by
Croc Llc
Bought by
Revelle Henry H and Revelle Sara T
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Sparks James M $488,000 None Listed On Document
Wilson Catherine E $229,000 --
Everett Donald E $180,000 Attorney
Revelle Henry H $130,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wilson Catherine E $183,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2023 12/07/23 Sold $488,000 -7.0% $514 / Sq Ft
11/05/2023 11/05/23 Pending -- -- --
10/17/2023 10/17/23 Price Changed $525,000 -4.5% $553 / Sq Ft
09/09/2023 09/09/23 For Sale $549,900 -- $579 / 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 $1,194 $239,500 $64,000 $175,500
2023 $987 $246,520 $64,000 $182,520
2022 $987 $246,520 $64,000 $182,520
2021 $2,073 $246,520 $64,000 $182,520
2020 $987 $246,520 $64,000 $182,520
2019 $593 $126,200 $26,500 $99,700
2018 $0 $126,200 $26,500 $99,700
2017 $593 $126,200 $26,500 $99,700
2016 $543 $126,200 $26,500 $99,700
2014 $1,170 $126,200 $26,500 $99,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 123369

Outer Banks Association of REALTORS®

APN: 006971030