NOT LISTED FOR SALE

8331 S Old Oregon Inlet Rd Unit 9 Nags Head, NC 27959

Estimated Value: $440,000 - $533,314

4 Beds
2 Baths
1,335 Sq Ft
$500/mo HOA Fee

Last Sold October 04, 2012

Last sale price $180,000 $135 Per Sq Ft

Est. 176% increase in value since last sale

Current estimated payment $3,404/month

76 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Coastal Architecture
  • Community Beach Access
  • Rooftop Deck
  • Furnished

About This Home

As of October 2012

Incredible price and opportunity on this 4BR oceanside stand-alone condo in Laughing Gull Cottage's! Enjoy ocean & sound views, a private screened porch, patio deck w/grill station, plus an outside shower! All the comforts of a single-family home without the price! Direct ocean access to a beautiful wide beach w/tall protective dune! Property has been well maintained, and reflects the old Nags Head rustic charm. Newer central heat/air, brand new dishwasher and priced rightl! Over $16,000 rental booked ytd as of 7/12/12!

Last Agent to Sell the Property

Richard Tolson

RT Realty OBX, LLC License #119826 Listed on: 06/06/2012

Last Buyer's Agent

Nicole Bouker

Bouker Realty, LLC License #245463

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,696

Year Built

  • Built in 1972

Lot Details

  • Beach Front

HOA Fees

  • $500 Monthly HOA Fees

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 1,335 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Screened Porch

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Sun Deck
  • Rooftop Deck
  • Covered Deck

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Community Details

Overview

  • Association fees include cable, common electric, common insurance, flood insurance, grounds maintenance, management, road maintenance, water, walkways
  • Dave Graham Association, Phone Number (804) 966-7679
  • Laughing Gull Subdivision

Recreation

  • Community Beach Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,696

Year Built

Built in 1972

Lot Details

0

HOA Fees

$500 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Outside Shower, Screened Porch, Sun Deck, Roof Top Deck
  • Subdivision Name: Laughing Gull Condominiums
  • Headline: Incredible Oceanside Value!
  • Heated Sq Ft: 1335
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Unit Level Number: 1
  • Waterfront Location: 4 - lots from oceanfront (5th row)
  • Zoning: RES
  • Deed Book Pg Number: 58
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 4
  • Floor Coverings: Carpet, Wood Laminate
  • Foundation: Piling
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments

Exterior Features

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

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Heat Pump
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Cable, Common Electric, Common Insurance, Flood Insurance, Grounds Maintenance, Management, Road Maintenance, Water, Walkways
  • Association Amenities: Ocean Access
  • Association Fee: Yes
  • Estimated Annual Fee: 6000
  • Hoa Contact: Dave Graham
  • HOA Contact: 1-804-966-7679

Lot Info

  • Lot Description: Beach Frontage
  • Deed Book: 1413

Rental Info

  • Est Annual Rental Income: 19500
  • Estimated Rental Performance: 0.1083
  • Other Expenses: 301200
  • Rental Co: Sun Realty
  • Rental Cottage Number: LG-9
  • Rental Phone Number: 441-7033
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 1972

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2011
  • Taxes: 2696

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2012
Closed on
Oct 4, 2012
Sold by
Hawk Rachel L
Bought by
Schenk Matthew R and Schenk Rebecca S
Seller's Agent
Richard Tolson
RT Realty OBX, LLC
Buyer's Agent
Nicole Bouker
Bouker Realty, LLC
List Price
$199,500
Sold Price
$180,000
Premium/Discount to List
-$19,500
-9.77%
Total Days on Market
76
Current Estimated Value
$496,829

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$316,829
Avg. Annual Appreciation
8.34%
Original Mortgage
$134,999
Outstanding Balance
$95,670
Interest Rate
3.71%
Mortgage Type
New Conventional
Estimated Equity
$401,159
Source: Public Records

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
Schenk Matthew R $180,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schenk Matthew R $134,999
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2012 10/04/12 Sold $180,000 -9.8% $135 / Sq Ft
08/21/2012 08/21/12 Pending -- -- --
06/06/2012 06/06/12 For Sale $199,500 -- $149 / 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 $1,378 $278,600 $124,400 $154,200
2023 $1,141 $284,768 $124,400 $160,368
2022 $1,141 $284,768 $124,400 $160,368
2021 $1,141 $284,768 $124,400 $160,368
2020 $1,141 $284,768 $124,400 $160,368
2019 $1,171 $243,600 $132,800 $110,800
2018 $1,171 $243,600 $132,800 $110,800
2017 $1,175 $244,500 $132,800 $111,700
2016 $1,075 $244,500 $132,800 $111,700
2014 $2,318 $244,500 $132,800 $111,700
Source: Public Records

Agents Affiliated with this Home

  • Richard Tolson

    Seller's Agent in 2012

    Richard Tolson

    RT Realty OBX, LLC

    (252) 202-9199

    63 Total Sales

    Richard Tolson
    Section Image
  • Nicole Bouker

    Buyer's Agent in 2012

    Nicole Bouker

    Bouker Realty, LLC

    (252) 202-1147

    7 Total Sales

    Nicole Bouker
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 75150

Outer Banks Association of REALTORS®

APN: 007003009

North Carolina Dare County Nags Head 27959

8331 S Old Oregon Inlet Rd Unit 9, Nags Head, NC

This home is located at 8331 S Old Oregon Inlet Rd Unit 9, Nags Head, NC 27959 since 06 June 2012 and is currently estimated at $496,829, approximately $372 per square foot. This property was built in 1972. 8331 S Old Oregon Inlet Rd Unit 9 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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