NOT LISTED FOR SALE

8413 S Old Oregon Inlet Rd Nags Head, NC 27959

Estimated Value: $3,025,000 - $3,513,308

14 Beds
13.5 Baths
7,110 Sq Ft
$456/Sq Ft Est. Value

Last Sold December 15, 2020

Last sale price $1,925,000 $271 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $17,773/month

54 Days on Market

Highlights

  • Beach Front
  • Heated In Ground Pool
  • Coastal Architecture
  • Ocean View
  • Second Refrigerator
  • Cathedral Ceiling

About This Home

As of December 2020

At Mucho Dinero, more is more! Have more income (on track for $240 to $250k for 2021), more space, more family, more friends and more fun! This is a rare opportunity to own a house of this size in South Nags Head. The location is convenient yet calm and the beach is outstanding! World class fishing is right down the street at Jeanettes and the OBX Fishing Piers, and its an easy drive to Oregon Inlet Fishing Center. Everyone loves the layout, spacious gathering areas and ocean views from this home. The amenities abound with an elevator, 10' X 30' private swimming pool, two hot tubs and game room with pool table, foosball and kitchenette. Enjoy the spacious, living and dining area on the top floor. The large kitchen with marble counter tops, two refrigerators and two range ovens make cooking for large groups a breeze. Renters love this home....8 repeats for 2020, 10 for 2021!

Last Agent to Sell the Property

Gray Berryman

Carolina Designs Realty License #214315 Listed on: 08/28/2020

Last Buyer's Agent

Gray Berryman

Carolina Designs Realty License #214315 Listed on: 08/28/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,257

Year Built

  • Built in 1999

Lot Details

  • Beach Front
  • Fenced Yard

Property Views

  • Ocean
  • Park or Greenbelt

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Shake Siding
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 7,110 Sq Ft Home
  • Elevator
  • Furnished
  • Cathedral Ceiling
  • Game Room

Kitchen

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

Flooring

  • Carpet
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 14 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Gazebo

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 82 & p83 / 5

Community Details

Overview

  • This Should Not Be Association
  • Bodie Isl Beach Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,257

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Directions: Turn left onto Hwy 158 heading south. At the 16.3 milepost turn left on E. Grey Eagle Rd. Then turn right at the stop sign onto S. Virginia Dare Trail. Travel 1/10th of a mile then make a left onto Old Oregon Inlet Rd(by 7-11 store). Drive about 2.5 miles, the house will be on your left at 8413 Old Oregon Inlet Rd. Look for the Carolina Designs Rental sign.
  • Extras: Boardwalk to Beach, Elevator, Fenced Yard, Gazebo, Hot Tub, Outside Shower
  • Headline: Mucho Dinero!
  • Heated Sq Ft: 7110
  • L V T Date: 08/28/2020
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 5
  • Waterfront Location: Oceanfront
  • Zoning: res
  • Advertised Income 2020: 212007
  • Advertised Income 2021: 240130
  • Deed Book Pg Number: 0293
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C6124
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 14
  • Countertops: Granite
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Concrete, Tile
  • Foundation: Piling, Slab
  • Full Bathrooms: 13
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Cathedral Ceiling(s)
  • Optional Rooms: Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Lap Siding, Shakes, Vinyl
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Fiberglass, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean, Park Serv/Preserve

Garage/Parking

  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • Hoa Contact: this should not be
  • HOA Contact: a required field

Lot Info

  • Lot Description: Beach Frontage, Water Frontage
  • Lot Number: Lot 82 & p83
  • Deed Book: 1787

Rental Info

  • Est Annual Rental Income: 240130
  • Estimated Rental Performance: 0.1247
  • Lease Terms: Weekly
  • Rental Co: Carolina Designs
  • Rental Cottage Name: Mucho Dinero
  • Rental Cottage Number: 677
  • Rental Phone Number: 2522613934
  • Rental Turnover Day: Saturday
  • Rental Contact Email: elaine.breiholz@carolinadesigns.com
  • Rental Contact Name: Elaine Breiholz
  • Rental Contact Phone: 261 3934

Building Info

  • Year Built: 1999

Tax Info

  • Year: 2020
  • Taxes: 16257

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2020
Closed on
Dec 10, 2020
Sold by
8413 South Old Oregon Inlet Road Llc
Bought by
109 Colington Pointe Circle Llc
Seller's Agent
Gray Berryman
Carolina Designs Realty
Buyer's Agent
Gray Berryman
Carolina Designs Realty
List Price
$1,999,000
Sold Price
$1,925,000
Premium/Discount to List
-$74,000
-3.7%
Current Estimated Value
$3,091,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,166,431
Avg. Annual Appreciation
11.86%
Original Mortgage
$1,443,750
Outstanding Balance
$1,300,087
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$1,944,682

Purchase Details

Closed on
Dec 15, 2008
Sold by
Gills Christine C and Barnes Wesley E
Bought by
8413 South Old Oregon Inlet Road Llc
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
109 Colington Pointe Circle Llc $1,925,000 None Available
8413 South Old Oregon Inlet Road Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 109 Colington Pointe Circle Llc $1,443,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2020 12/15/20 Sold $1,925,000 -3.7% $271 / Sq Ft
10/21/2020 10/21/20 Pending -- -- --
08/28/2020 08/28/20 For Sale $1,999,000 -- $281 / 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 $10,164 $1,963,800 $769,500 $1,194,300
2023 $10,141 $2,011,572 $769,500 $1,242,072
2022 $7,560 $1,887,708 $769,500 $1,118,208
2021 $8,034 $2,006,060 $769,500 $1,236,560
2020 $8,034 $2,006,060 $769,500 $1,236,560
2019 $6,791 $1,402,000 $544,700 $857,300
2018 $6,791 $1,402,000 $544,700 $857,300
2017 $6,791 $1,402,000 $544,700 $857,300
2016 $6,213 $1,402,000 $544,700 $857,300
2014 $6,213 $1,402,000 $544,700 $857,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 110748

Outer Banks Association of REALTORS®

APN: 007020000