Seller's Agent in 2023
Heather VanderMyde
Coldwell Banker Seaside Realty - KDH
(252) 202-2375
50 in this area
424 Total Sales
8229 S Old Oregon Inlet Rd Nags Head, NC 27959
10
Beds
9
Baths
4,430
Sq Ft
0.44
Acres
Highlights
- Beach Front
- Heated In Ground Pool
- Second Refrigerator
- Ocean View
- 0.44 Acre Lot
- Traditional Architecture
About This Home
As of December 2023Turnkey moneymaker with 11% ROI and room for growth!!! As of March 7th, this fantastic investment property has nearly $200K Advertised Gross on the books ready to be turned over to the next lucky owner. Tons of listings proclaim the magical 10:1 ratio that most savvy investors live by when searching for their next income producing asset. With a 9% property management commission locked in and transferring to the new owner/buyer, the home has chance to hit that benchmark based on NET income, a claim very few can boast! In addition, with tons of updates recently completed including a new electric pool heater specifically added to entice even more off-season weeks, expectations are as much as 30 weeks and close to $200K are attainable. Did I mention this was all possible turnkey? With a starting point so strong, for the homeowner willing to take the next step, the earning potential for this cash cow is only limited to what you as the new owner can imagine. The three features recognized as being most important in establishing real estate value are location, location and location. Appropriately named “Serenity,” at approx. 4,400 sq. ft., protected by a firmly established, well vegetated dune line, in the highly desirable, less commercialized area of South Nags Head, with both views of the Ocean and Pea Island National Wildlife refuge, this vacation home reminds of the vacations that made our beaches so famous. Secluded and private with smaller public accesses few and far between. Also, we would be remiss to leave out the Nags Head Beach renourishment project when combined with the aforementioned strong dune line, makes this investment as safe as Oceanfront properties get. Safe from storms, monster income on the books and room for growth, investments do not get any sounder than this! Some of the more outstanding features and updates include: -Renovated and Refurnished “Coastal Modern” Great Room with Electric Fireplace -Renovated Kitchen with Granite Countertops & New Appliances -Brand new carpet, mattresses and electronics (FSTV’s) throughout -Large Game room with pool table and cabana bath -Two new hot water heaters -Two Laundry Stations and 2 Full Sized Refrigerators and Wet bars. -Electric Pool Heater -Dining table and breakfast bar both with ocean views seating as many as 20 guests Rental Property Investment is nothing but, a numbers game. Most purchases require buyers to keep playing that game, striving for numbers to get to the desired ratios. Booked solid, with an incredible rental package in place and ready to be turned over to you, “Serenity” is sure to be a winning investment for you and your family.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,981
Year Built
- Built in 1999
Lot Details
- 0.44 Acre Lot
- Beach Front
- Level Lot
- Irregular Lot
Parking
- Off-Street Parking
Home Design
- Traditional Architecture
- Reverse Style Home
- Slab Foundation
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Construction Material
Interior Spaces
- 4,430 Sq Ft Home
- Wet Bar
- Central Vacuum
- Furnished
- Cathedral Ceiling
- Ceiling Fan
- Window Treatments
- Entrance Foyer
- Game Room
- Utility Room
- Ocean Views
- Fire and Smoke Detector
Kitchen
- Oven or Range
- Microwave
- Second Refrigerator
- Ice Maker
- Second Dishwasher
- Granite Countertops
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 10 Bedrooms
- En-Suite Primary Bedroom
- Walk-In Closet
- Hydromassage or Jetted Bathtub
Laundry
- Laundry Room
- Dryer
- Washer
Pool
- Heated In Ground Pool
- Fiberglass Pool
- Outdoor Pool
- Spa
- Outdoor Shower
Outdoor Features
- Sun Deck
- Patio
- Exterior Lighting
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Municipal Utilities District Water
- Private or Community Septic Tank
Listing and Financial Details
- Legal Lot and Block 54 / 3
Community Details
Overview
- Bodie Isl Beach Subdivision
Recreation
- Community Boardwalk
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 30, 2025
Sold by
Peel Jason and Peel Mary Helen
Bought by
Coastal Blue Dare Ii Llc
Current Estimated Value
Purchase Details
Listed on
Nov 4, 2023
Closed on
Dec 15, 2023
Sold by
Weinberg Edward J and Weinberg Melissa A
Bought by
Narragon Daniel A and Narragon Melissa T
Seller's Agent
Heather VanderMyde
Coldwell Banker Seaside Realty - KDH
Buyer's Agent
Hunter Davis
Twiddy and Company - Corolla
List Price
$2,595,000
Sold Price
$2,515,000
Premium/Discount to List
-$80,000
-3.08%
Views
22
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.07%
Original Mortgage
$1,509,000
Interest Rate
7.29%
Mortgage Type
New Conventional
Purchase Details
Listed on
Feb 26, 2021
Closed on
May 20, 2021
Sold by
Heou Thomas K and Kim Yong Ja
Bought by
Weinberg Edward J and Weinberg Melissa A
Seller's Agent
Al Friedman
Sun Realty - KDH
Buyer's Agent
Ashley Massey
Landmark Sotheby's International Realty
List Price
$1,674,900
Sold Price
$1,665,000
Premium/Discount to List
-$9,900
-0.59%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.41%
Original Mortgage
$1,332,000
Interest Rate
3%
Mortgage Type
New Conventional
Purchase Details
Listed on
Nov 9, 2018
Closed on
Jan 4, 2019
Sold by
Renee Fromberh Edward P and Renee Fromberh
Bought by
Heuu Thomas K and Kim Young J
Seller's Agent
Heather VanderMyde
Coldwell Banker Seaside Realty - KDH
Buyer's Agent
Daphne Degabrielle
Outer Banks Realty Group
List Price
$1,199,000
Sold Price
$1,155,000
Premium/Discount to List
-$44,000
-3.67%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.54%
Original Mortgage
$924,000
Interest Rate
4.7%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,800,000 | None Listed On Document | |
| Warranty Deed | $2,800,000 | None Listed On Document | |
| Warranty Deed | $2,515,000 | None Listed On Document | |
| Warranty Deed | $1,665,000 | None Listed On Document | |
| Warranty Deed | $1,665,000 | None Available | |
| Warranty Deed | $1,155,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,509,000 | New Conventional | |
| Previous Owner | $1,332,000 | New Conventional | |
| Previous Owner | $921,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $924,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/22/2023 12/22/23 | Sold | $2,515,000 | -3.1% | $557 / Sq Ft |
| 11/22/2023 11/22/23 | Pending | -- | -- | -- |
| 11/04/2023 11/04/23 | For Sale | $2,595,000 | +55.9% | $575 / Sq Ft |
| 05/28/2021 05/28/21 | Sold | $1,665,000 | -0.6% | $376 / Sq Ft |
| 04/10/2021 04/10/21 | Pending | -- | -- | -- |
| 03/29/2021 03/29/21 | For Sale | $1,674,900 | 0.0% | $378 / Sq Ft |
| 03/22/2021 03/22/21 | Pending | -- | -- | -- |
| 03/08/2021 03/08/21 | Price Changed | $1,674,900 | -4.3% | $378 / Sq Ft |
| 02/26/2021 02/26/21 | For Sale | $1,750,000 | +51.5% | $395 / Sq Ft |
| 01/07/2019 01/07/19 | Sold | $1,155,000 | -3.7% | $261 / Sq Ft |
| 11/16/2018 11/16/18 | Pending | -- | -- | -- |
| 11/09/2018 11/09/18 | For Sale | $1,199,000 | -- | $271 / Sq Ft |
Source: Outer Banks Association of REALTORS®
Tax History Compared to Growth
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 | $11,441 | $1,222,800 | $622,300 | $600,500 |
| 2023 | $4,981 | $1,243,596 | $622,300 | $621,296 |
| 2022 | $4,981 | $1,243,596 | $622,300 | $621,296 |
| 2021 | $4,981 | $1,243,596 | $622,300 | $621,296 |
| 2020 | $4,981 | $1,243,596 | $622,300 | $621,296 |
| 2019 | $4,806 | $996,900 | $484,900 | $512,000 |
| 2018 | $4,806 | $996,900 | $484,900 | $512,000 |
| 2017 | $4,806 | $996,900 | $484,900 | $512,000 |
| 2016 | $4,397 | $996,900 | $484,900 | $512,000 |
| 2014 | $9,514 | $996,900 | $484,900 | $512,000 |
Source: Public Records
Agents Affiliated with this Home
-
Heather VanderMyde
-
Trish Berruet
Seller Co-Listing Agent in 2023
Trish Berruet
Coldwell Banker Seaside Realty - KDH
(252) 256-2761
5 in this area
68 Total Sales
-
Hunter Davis
Buyer's Agent in 2023
Hunter Davis
Twiddy and Company - Corolla
(704) 936-6456
4 in this area
178 Total Sales
-
Al Friedman
Seller's Agent in 2021
Al Friedman
Sun Realty - KDH
(410) 353-3927
8 in this area
27 Total Sales
-
Ashley Massey
Buyer's Agent in 2021
Ashley Massey
Landmark Sotheby's International Realty
(252) 202-4874
17 in this area
56 Total Sales
-
Daphne Degabrielle
Buyer's Agent in 2019
Daphne Degabrielle
Outer Banks Realty Group
(252) 475-4147
15 in this area
54 Total Sales
Map
Source: Outer Banks Association of REALTORS®
MLS Number: 113070
APN: 006988000
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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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