NOT LISTED FOR SALE

8431 S Old Oregon Inlet Rd Nags Head, NC 27959

Estimated Value: $2,302,000 - $2,943,000

10 Beds
9 Baths
4,650 Sq Ft
$552/Sq Ft Est. Value

Last Sold May 26, 2016

Last sale price $1,325,000 $285 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $14,752/month

212 Days on Market

Highlights

  • Beach Front
  • Heated In Ground Pool
  • Cathedral Ceiling
  • Ocean View
  • Second Refrigerator
  • Hydromassage or Jetted Bathtub

About This Home

As of May 2016

An Investor's dream come true!!! This 10 bedroom oceanfront has everything needed to maximize owner returns.... Sellers have taken very successful steps to use VRBO to source added tenant rentals and passed them on to Sun Realty, their management company. 2016 is another Stellar Year for Earnings!!! Not only does this home have virtually everything an owner or guest would want, but it also perhaps makes better sense on paper than any other listing on the beach! Buy now and still have time to put your personal touches on your own OBXSCAPE! Owners have done numerous repairs and updates during the 2015-16 winter months to ensure that this property is ready to take on the large bookings already in place for the season. Electrical updates, new walkways, Anderson Window sashes, Refrigerator, exterior washing and new bedding are just a few of the new items! Don't miss out on your perfect timing for securing a wonderful home that really brings in the return on investment!!!

Last Agent to Sell the Property

John Thompson

Windswept Properties, LLC License #187607 Listed on: 09/17/2015

Last Buyer's Agent

Richard Hess

Sun Realty - KDH License #130782

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,467

Year Built

  • Built in 2001

Lot Details

  • Beach Front
  • 50 Feet of Waterfront
  • Level Lot

Parking

  • Paved Parking

Home Design

  • Cottage
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 4,650 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Ocean Views

Kitchen

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

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • En-Suite Primary Bedroom
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Pool

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

Outdoor Features

  • Sun Deck

Utilities

  • Heat Pump System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Listing and Financial Details

  • Tax Lot # 92

Community Details

Overview

  • Built by Coastal Construction
  • Bodie Isl Beach Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,467

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Cottage
  • Directions: S. On Oregon Inlet Road....House on left
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Hot Tub, Jet Tub, Outside Shower, Sun Deck
  • Flood Zone: AE, VE
  • Headline: Huge Income Producer!!!
  • Heated Sq Ft: 4650
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: res
  • Deed Book Pg Number: 0053
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 10
  • Countertops: Laminate
  • Floor Coverings: Carpet, Tile, Wood Laminate
  • Foundation: Piling
  • Full Bathrooms: 7
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Some Windows Treated, Washer Connection
  • Partial Bathrooms: 2

Exterior Features

  • Homebuilder: Coastal Construction
  • Construction: Frame
  • Exterior: Lap Siding, Vinyl
  • Pool: Yes
  • Pool: Private
  • Pool Type: In Ground, Gunite, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 50
  • View: Ocean
  • Water Frontage: 50

Garage/Parking

  • Parking: Paved

Utilities

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

Condo/Co-op/Association

  • Home Owner Dwelling Insurance: 7440

Lot Info

  • Lot Description: Beach Frontage, Level, Water Frontage
  • Lot Number: Lot # 92
  • Deed Book: 1632

Rental Info

  • Est Annual Rental Income: 160000
  • Estimated Rental Performance: 0.1208
  • Flood Expenses: 898
  • Poolspa Expense: 3825
  • Rental Co: Sun Realty
  • Rental Cottage Name: OBXSCAPE
  • Rental Cottage Number: 545
  • Rental Phone Number: 252-441-7033
  • Rental Turnover Day: Sunday
  • Annual Cable TV Expense: 2916
  • Annual Electric: 4614
  • Annual Water Expense: 1005

Building Info

  • Year Built: 2001

Tax Info

  • Year: 2015
  • Taxes: 10467

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2015
Closed on
May 26, 2016
Sold by
Manchise Robert Egan and Manchise Rorrie
Bought by
Trowbridge Stephen A and Trowbridge Jessica K
Seller's Agent
John Thompson
Windswept Properties, LLC
Buyer's Agent
Richard Hess
Sun Realty - KDH
List Price
$1,375,000
Sold Price
$1,325,000
Premium/Discount to List
-$50,000
-3.64%
Current Estimated Value
$2,567,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,242,781
Avg. Annual Appreciation
7.30%
Original Mortgage
$993,750
Outstanding Balance
$793,226
Interest Rate
3.66%
Mortgage Type
New Conventional
Estimated Equity
$1,774,555

Purchase Details

Closed on
May 19, 2005
Sold by
Andrews Ralph and Bota Marilyn T
Bought by
Manchise Robert and Taylor Wendy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Trowbridge Stephen A $1,325,000 None Available
Manchise Robert $1,800,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trowbridge Stephen A $993,750
Closed Trowbridge Stephen A $66,000
Previous Owner Manchise Robert $1,400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2016 05/26/16 Sold $1,325,000 -3.6% $285 / Sq Ft
04/16/2016 04/16/16 Pending -- -- --
09/17/2015 09/17/15 For Sale $1,375,000 -- $296 / 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 $13,655 $1,463,000 $679,300 $783,700
2023 $5,985 $1,494,348 $679,300 $815,048
2022 $5,985 $1,494,348 $679,300 $815,048
2021 $5,997 $1,494,348 $679,300 $815,048
2020 $5,985 $1,494,348 $679,300 $815,048
2019 $5,281 $1,095,200 $526,200 $569,000
2018 $5,295 $1,095,200 $526,200 $569,000
2017 $5,295 $1,095,200 $526,200 $569,000
2016 $4,832 $1,095,200 $526,200 $569,000
2014 $10,451 $1,095,200 $526,200 $569,000
Source: Public Records

Agents Affiliated with this Home

  • John Thompson

    Seller's Agent in 2016

    John Thompson

    Windswept Properties, LLC

    (252) 441-1201

    7 Total Sales

    John Thompson
    Section Image
  • Richard Hess

    Buyer's Agent in 2016

    Richard Hess

    Sun Realty - KDH

    (252) 256-2112

    14 in this area

    86 Total Sales

    Richard Hess
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 89604

Outer Banks Association of REALTORS®

APN: 007026001

North Carolina Dare County Nags Head 27959

8431 S Old Oregon Inlet Rd, Nags Head, NC

This home is located at 8431 S Old Oregon Inlet Rd, Nags Head, NC 27959 since 17 September 2015 and is currently estimated at $2,567,781, approximately $552 per square foot. This property was built in 2001. 8431 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.
Information is deemed reliable but not guaranteed.

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