NOT LISTED FOR SALE

8223 S Old Oregon Inlet Rd Nags Head, NC 27959

Estimated Value: $2,035,000 - $2,694,000

8 Beds
8 Baths
3,779 Sq Ft
$584/Sq Ft Est. Value

Last Sold August 26, 2013

Last sale price $825,000 $218 Per Sq Ft

Est. 167% increase in value since last sale

Current estimated payment $12,914/month

9 Days on Market

Highlights

  • Ocean Front
  • Covered Deck
  • Gas Fireplace
  • In Ground Pool
  • Sun Deck

About This Home

As of August 2013

8 Bedroom, 7 bath Oceanfront rental home ( 2 half baths ), reverse floor plan, game room, attached one car garage, in-ground pool. This property is corporate owned and sold in its current condition "AS IS". Proof of funds to close of pre-qualify letter MUST accompany all offers. Seller reserves the right to negotiate offers in any order regardless of date/time submitted. Title to be conveyed by "Special Warranty" deed. Sellers special addendum will be made a part of the final contract. Please allow 2-3 business days for seller response. Typical seller's hours are M-F, 9-5

Last Listed By

Pace Mimms

Default, Office License #156638 Listed on: 06/18/2013

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,054

Year Built

  • Built in 1997

Lot Details

  • 0.41 Acre Lot
  • Ocean Front

Interior Spaces

  • 3,779 Sq Ft Home
  • Elevator
  • Gas Fireplace

Bedrooms and Bathrooms

  • 8 Bedrooms

Outdoor Features

  • In Ground Pool
  • Sun Deck
  • Covered Deck

Community Details

  • Bodie Isl Beach Subdivision

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Tax Lot 51

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,054

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Bank Owned: Yes
  • Extras: Covered Decks, Elevator, Sun Deck
  • Headline: OCEANFRONT
  • Heated Sq Ft: 3779
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: r
  • Deed Book Pg Number: 0274
  • Special Features: 20
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 8
  • Full Bathrooms: 6
  • Interior Amenities: Gas Fireplace
  • Partial Bathrooms: 2

Exterior Features

  • Pool: Yes
  • Pool Type: In Ground

Lot Info

  • Estimated Lot Sq Ft: 18000
  • Lot Number: Lot 51
  • Deed Book: 1746

Building Info

  • Year Built: 1997

Tax Info

  • Year: 2012
  • Taxes: 4054

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2013
Closed on
Aug 8, 2013
Sold by
Us Bank Na
Bought by
Keyes Barry W and Keyes Mary Anne
Seller's Agent
Pace Mimms
Default, Office
Buyer's Agent
Gary Woodson
OBHOA, LLC
List Price
$799,900
Sold Price
$825,000
Premium/Discount to List
$25,100
3.14%
Total Days on Market
9
Current Estimated Value
$2,205,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,380,832
Avg. Annual Appreciation
8.72%
Original Mortgage
$417,000
Outstanding Balance
$306,908
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,898,924

Purchase Details

Closed on
May 13, 2013
Sold by
Story W Thomas and Story Elizabeth W
Bought by
Us Bank Na and Banc Of America Funding Corp

Purchase Details

Closed on
Mar 23, 2006
Sold by
Kindt Charles F and Kindt Deborah W
Bought by
Story W Thomas and Story Elizabeth W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,750
Interest Rate
6.29%
Mortgage Type
Credit Line Revolving

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
Keyes Barry W $825,500 None Available
Us Bank Na $950,000 None Available
Story W Thomas $1,525,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Keyes Barry W $417,000
Previous Owner Story W Thomas $1,233,000
Previous Owner Story Willie Thomas $228,750
Previous Owner Story W Thomas $991,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2013 08/26/13 Sold $825,000 +3.1% $218 / Sq Ft
06/27/2013 06/27/13 Pending -- -- --
06/18/2013 06/18/13 For Sale $799,900 -- $212 / 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 $6,806 $1,293,900 $612,800 $681,100
2023 $5,291 $1,321,144 $612,800 $708,344
2022 $5,291 $1,321,144 $612,800 $708,344
2021 $5,291 $1,321,144 $612,800 $708,344
2020 $5,291 $1,321,144 $612,800 $708,344
2019 $4,940 $1,023,800 $477,400 $546,400
2018 $4,940 $1,023,800 $477,400 $546,400
2017 $4,940 $1,023,800 $477,400 $546,400
2016 $4,520 $1,023,800 $477,400 $546,400
2014 $4,573 $913,000 $477,400 $435,600
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2013

    Pace Mimms

    Default, Office

  • G

    Buyer's Agent in 2013

    Gary Woodson

    OBHOA, LLC

    27 Total Sales

    Gary Woodson
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 79536

Outer Banks Association of REALTORS®

APN: 026851000

North Carolina Dare County Nags Head 27959

8223 S Old Oregon Inlet Rd, Nags Head, NC

Homes for Sale in Nags Head, NC

This home is located at 8223 S Old Oregon Inlet Rd, Nags Head, NC 27959 since 18 June 2013 and is currently estimated at $2,205,832, approximately $583 per square foot. This property was built in 1997. 8223 S Old Oregon Inlet Rd is a home located in Dare County with nearby schools including Nags Head Elementary School, Manteo Middle School, and Manteo High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Outer Banks Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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