NOT LISTED FOR SALE

8227 S Old Oregon Inlet Rd Nags Head, NC 27959

Estimated Value: $2,300,000 - $2,950,310

8 Beds
10 Baths
5,017 Sq Ft
$542/Sq Ft Est. Value

Last Sold June 01, 2022

Last sale price $3,075,000 $613 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $16,308/month

32 Days on Market

Highlights

  • Beach Front
  • Home Theater
  • Second Refrigerator
  • Ocean View
  • Concrete Pool
  • Coastal Architecture

About This Home

As of June 2022

This luxurious beachfront home with sweeping ocean views was custom designed to let the Inside Out! A perfect balance of amenities, entertainment and comfort! Great proximity to fishing piers (Jeanette's & Fish Heads), easy drive to Oregon Inlet, Pirate's Cove & Manteo while close to restaurants, shops and a host of outdoor activities. This place is impressive, starting with a dazzling kitchen w/granite counters, tile floors, endless bar plus quality SS appliances. The expansive great room with solid Oak flooring, affords beautiful water views and features solid Mahogany retractable doors for an amazing open air oceanfront experience. Gather around the extraordinary dining room table with seating for 22. This custom one of a kind table is a bubinga wood slab from Cameroon. Tons of character & upgrades throughout home. The turret room has a sky painted ceiling and is perfect for conversation, catching a show or settling down to an evening jigsaw puzzle. All bedrooms are ensuite with custom tile showers, most w/king beds, grand master has body jets & dual shower heads. The elevator will easily transport you between floors. A BR on mid-level is handicap friendly w/ roll under sink and a barrier free shower. Step out to the pool area, so nice with a custom heated swimming pool, kiddie pool, Tiki Hut w/wet bar & Hot Tub, all just steps away from the ocean. You'll find a handy rinse shower, footbath & fish table along the way. A new dune top deck with Pergola and raised walkway is scheduled to be completed by April. This is a solid beach location with table top dune system providing major protection from storms. The property is well maintained by original owner, including new exterior paint, flooring & HVAC systems within the past two years. All new smart TV's in BR's, game room, & living areas include streaming and Hulu live tv. Check out the awesome theatre room w comfortable seating. This room has the option to open to the game room for sharing featured sporting events, comedy shows, etc.. Billiard table, foosball and large kitchenette in game room for entertainment & convenience. The mid-level den provides another space for beverages, snacks or just getting away. Additional features include (2) Rinnai tankless water heaters, raised bowl vanities, surround sound, speakers in pool area, laundry room w wash tub, handicap ramp and owner closets. This is a top notch rental performer with repeat clientele, generating approximately $250,000 so far in 2022. Seller is including a $25,000 CC credit. This magnificent home is available to see any day through the end of March!

Last Listed By

Richard Tolson

RT Realty OBX, LLC License #119826 Listed on: 03/15/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,083

Year Built

  • Built in 2010

Lot Details

  • 0.64 Acre Lot
  • Lot Dimensions are 50x550
  • Beach Front
  • 50 Feet of Waterfront
  • Landscaped

Parking

  • Paved Parking

Property Views

  • Ocean
  • Views of a Sound
  • Park or Greenbelt

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 5,017 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Bay Window
  • Home Theater
  • Library
  • Game Room
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Wine Cooler
  • Granite Countertops

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Accessible Home Design

  • Handicap Accessible

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Tiki or Chickee Hut

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 53 / 3

Community Details

Overview

  • Built by SAGA
  • Bodie Isl Beach Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,083

Year Built

Built in 2010

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: South of Whalebone Junction, MP 17.25, only 3/4m south of Jeanette's Pier and a mile N of Fish Heads!
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Elevator, Handicap Friendly, Hot Tub, Landscaped, Outside Shower, Smoke Detector(s), Sun Deck, Tiki Bar, Inside Laundry Room
  • Flood Zone: AO, VE, X
  • Subdivision Name: Bodie Island Beach
  • Headline: Elevator / Bells & Whistles!
  • Heated Sq Ft: 5017
  • L V T Date: 03/15/2022
  • Roads: Paved
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: RES
  • Advertised Income 2021: 264218
  • Advertised Income 2022: 261250
  • Deed Book Pg Number: 196
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C32138
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator, Wine Cooler
  • Bedrooms: 8
  • Kitchen: Huge, On Level: 3
  • Countertops: Granite
  • Electronic Locks: Leased
  • Floor Coverings: Ceramic Tile, Tile, Vinyl, Hardwood, Plank
  • Foundation: Piling
  • Full Bathrooms: 8
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Bay/Bow Window, Cathedral Ceiling(s), Gas Fireplace, Ensuite, Wet Bar
  • Game Room: Big 16x21, On Level: 1
  • Living Room: Great, On Level: 3
  • Optional Rooms: Game Room, Library/Study, Home Theater
  • Partial Bathrooms: 2
  • Optional Room 1: Theatre Rm, On Level: 1

Exterior Features

  • Homebuilder: SAGA
  • Construction: Frame, Wood
  • Covered Deck Size: 18x12
  • Exterior: Lap Siding, Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: In Ground, Concrete, Custom, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 50
  • View: Ocean, Park Serv/Preserve, Sound
  • Water Frontage: 50

Garage/Parking

  • Parking: Paved

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Electric, Heat Pump, Zoned
  • Fuel Tanks: Leased
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Lot Info

  • Estimated Lot Sq Ft: 28000
  • Lot Description: Beach Frontage, Water Frontage
  • Lot Faces: W
  • Lot Size: 50x550
  • Lot Number: Lot 53
  • Estimated Lot Size: 0.64
  • Deed Book: 1815

Rental Info

  • Lease Terms: Weekly
  • Rental Co: Carolina Designs
  • Rental Cottage Name: Inside-Out
  • Rental Cottage Number: 766
  • Rental Phone Number: 252.261.3934
  • Rental Contact Name: Carolina Designs

Building Info

  • Year Built: 2010

Tax Info

  • Year: 2021
  • Taxes: 12083

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2022
Closed on
May 24, 2022
Sold by
David Bane Iii
Bought by
Sukhapiwatana Gusuma
Seller's Agent
Richard Tolson
RT Realty OBX, LLC
Buyer's Agent
Traci Madonia
Beach Dreams Realty, LLC
List Price
$3,100,000
Sold Price
$3,075,000
Premium/Discount to List
-$25,000
-0.81%
Total Days on Market
32
Current Estimated Value
$2,716,770

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$358,230
Avg. Annual Appreciation
-4.06%
Original Mortgage
$1,700,000
Outstanding Balance
$1,621,620
Interest Rate
4.88%
Mortgage Type
New Conventional
Estimated Equity
$1,095,150

Purchase Details

Listed on
Mar 15, 2022
Closed on
May 20, 2022
Sold by
Bane Investments Llc
Bought by
Bane David
Seller's Agent
Richard Tolson
RT Realty OBX, LLC
Buyer's Agent
Traci Madonia
Beach Dreams Realty, LLC
List Price
$3,100,000
Sold Price
$3,075,000
Premium/Discount to List
-$25,000
-0.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,700,000
Outstanding Balance
$1,621,620
Interest Rate
4.88%
Mortgage Type
New Conventional
Estimated Equity
$1,095,150

Purchase Details

Closed on
Oct 13, 2009
Sold by
Gupta Prem and Gupta Prabha
Bought by
Bane Investments Llc

Purchase Details

Closed on
Apr 3, 2009
Sold by
Sawyer E Eugene and Sawyer Marjorie L
Bought by
Gupta Prem and Gupta Prabha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
5.14%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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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
Sukhapiwatana Gusuma $15,375,000 Dixon & Dixon Law Offices Pllc
Bane David -- Sharp Starkey
Bane Investments Llc $600,000 None Available
Gupta Prem $550,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sukhapiwatana Gusuma $1,700,000
Previous Owner Bane Investments Llc $1,200,000
Previous Owner Gupta Prem $440,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2022 06/01/22 Sold $3,075,000 -0.8% $613 / Sq Ft
04/16/2022 04/16/22 Pending -- -- --
04/15/2022 04/15/22 For Sale $3,100,000 0.0% $618 / Sq Ft
03/17/2022 03/17/22 Pending -- -- --
03/15/2022 03/15/22 For Sale $3,100,000 -- $618 / 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 $13,215 $1,412,500 $612,800 $799,700
2023 $5,785 $1,444,488 $612,800 $831,688
2022 $5,789 $1,445,528 $612,800 $832,728
2021 $12,157 $1,445,528 $612,800 $832,728
2020 $5,789 $1,445,528 $612,800 $832,728
2019 $5,940 $1,226,500 $481,100 $745,400
2018 $5,940 $1,226,500 $481,100 $745,400
2017 $6,831 $1,402,800 $481,100 $921,700
2016 $6,230 $1,402,800 $481,100 $921,700
2014 $7,259 $1,402,800 $481,100 $921,700
Source: Public Records

Agents Affiliated with this Home

  • Richard Tolson

    Seller's Agent in 2022

    Richard Tolson

    RT Realty OBX, LLC

    (252) 202-9199

    63 Total Sales

    Richard Tolson
    Section Image
  • Traci Madonia

    Buyer's Agent in 2022

    Traci Madonia

    Beach Dreams Realty, LLC

    (757) 291-8105

    16 Total Sales

    Traci Madonia
    Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 117997

Outer Banks Association of REALTORS®

APN: 006985000

North Carolina Dare County Nags Head 27959

8227 S Old Oregon Inlet Rd, Nags Head, NC

Homes for Sale in Nags Head, NC

This home is located at 8227 S Old Oregon Inlet Rd, Nags Head, NC 27959 since 15 March 2022 and is currently estimated at $2,716,770, approximately $541 per square foot. This property was built in 2010. 8227 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.
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