$605,000
SOLD NOV 18, 2013

8217 S Old Oregon Inlet Rd Unit 1 Nags Head, NC 27959

5 Beds
4 Baths
2,182 Sq Ft
8,000 Sq Ft Lot

Recently Sold

$277 Per Sq Ft

14% Below List Price

165 Days on Market

Highlights

  • Beach Front
  • Traditional Architecture
  • Furnished
  • Ocean View
  • Hydromassage or Jetted Bathtub
  • Covered Deck

About This Home

As of August 2017

9% gross return on investment at this price! Oceanfront, handicap friendly with an elevator. Well maintained traditional layout with three levels of space starting with a private den and bedroom/full bath on the bottom level; a second level that provides an additional bedroom/bath, living/dining area with ocean views opening to a spacious kitchen and sun deck; on the top level, we find two additional guest bedrooms with a shared hall bath, and an incredible master suite overlooking the ocean and Jennette's Pier. Rentals are consistent with solid bookings May-October grossing $60,000 a year. New kitchen flooring this year, new cabinets in 2011, HVAC & elevator checked annually with no issues for 2013. A rare find with panoramic ocean views at a great price within walking distance to Jennette's Pier.

Last Agent to Sell the Property

Rachel Neal Neal

Southern Shores Realty License #259346 Listed on: 05/08/2013

Last Buyer's Agent

Cam Foster

Default, Office License #204020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,354

Year Built

  • Built in 1992

Lot Details

  • 8,000 Sq Ft Lot
  • Beach Front
  • Unpaved Streets

Parking

  • Tuck Under Parking

Home Design

  • Traditional Architecture
  • Frame Construction
  • Asphalt Shingled Roof
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 2,182 Sq Ft Home
  • Elevator
  • Furnished
  • Gas Fireplace
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Laminate Countertops

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • 4 Full Bathrooms
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Utilities

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

Additional Features

  • Handicap Accessible
  • Covered Deck

Community Details

Overview

  • Bodie Isl Beach Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,354

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Traditional
  • Directions: South on Beach Rd to Old Oregon Inlet Rd just past Jennette's Pier on the left.
  • Extras: Boardwalk to Beach, Covered Decks, Elevator, Handicap Friendly, Jet Tub
  • Flood Zone: VE
  • Headline: 9% Gross Return
  • Heated Sq Ft: 2182
  • Roads: Unpaved
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 0244
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 5
  • Countertops: Laminate
  • Floor Coverings: Carpet, Ceramic Tile, Vinyl
  • Foundation: Piling
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: Gas Fireplace, Ensuite

Exterior Features

  • Construction: Frame
  • Exterior: Shakes
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Under

Utilities

  • Cooling: Central
  • Heating: Electric, Forced Air
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Condo/Co-op/Association

  • Home Owner Dwelling Insurance: 3860

Lot Info

  • Estimated Lot Sq Ft: 8000
  • Lot Description: Beach Frontage
  • Deed Book: 1635

Rental Info

  • Est Annual Rental Income: 60000
  • Estimated Rental Performance: 0.0992
  • Flood Expenses: 476
  • Lease Terms: Weekly
  • Other Expenses: 150
  • Rental Co: Kitty Hawk Rentals
  • Rental Cottage Name: Our Wildest Dreams
  • Rental Cottage Number: 456
  • Rental Phone Number: 252-441-7166
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Estimated
  • Annual Cable TV Expense: 2000
  • Annual Electric: 2000
  • Annual Water Expense: 1200

Building Info

  • Year Built: 1992

Tax Info

  • Year: 2012
  • Taxes: 2353.96

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2017 08/09/17 Sold $655,000 -10.3% $294 / Sq Ft
04/11/2017 04/11/17 Pending -- -- --
08/08/2016 08/08/16 For Sale $729,900 +20.6% $327 / Sq Ft
11/18/2013 11/18/13 Sold $605,000 -13.6% $277 / Sq Ft
10/20/2013 10/20/13 Pending -- -- --
05/08/2013 05/08/13 For Sale $699,950 -- $321 / 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 $2,490 $268,100 $208,800 $59,300
2023 $1,083 $270,472 $208,800 $61,672
2022 $1,060 $264,752 $208,800 $55,952
2021 $1,061 $264,752 $208,800 $55,952
2020 $1,060 $264,752 $208,800 $55,952
2019 $891 $188,200 $161,700 $26,500
2018 $891 $188,200 $161,700 $26,500
2017 $891 $188,200 $161,700 $26,500
2016 $815 $188,200 $161,700 $26,500
2014 $1,792 $188,200 $161,700 $26,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 79019

Outer Banks Association of REALTORS®

APN: 006979000