NOT LISTED FOR SALE

8223 S Old Oregon Inlet Rd Nags Head, NC 27959

Estimated Value: $1,998,000 - $2,735,000

8 Beds
8 Baths
3,779 Sq Ft
$604/Sq Ft Est. Value

Last Sold August 26, 2013

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

Est. 168% increase in value since last sale

Current estimated payment $12,655/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 Agent to Sell the Property

Pace Mimms

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

Last Buyer's Agent

Gary Woodson

OBHOA, LLC License #262354

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%
Current Estimated Value
$2,207,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,382,743
Avg. Annual Appreciation
8.87%
Original Mortgage
$417,000
Outstanding Balance
$306,908
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,975,141

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
Source: Public Records

Range of Values:

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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

    3 in this area

    28 Total Sales

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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

This home is located at 8223 S Old Oregon Inlet Rd, Nags Head, NC 27959 since 18 June 2013 and is currently estimated at $2,282,049, approximately $603 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.

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