NOT LISTED FOR SALE

8701 S Old Oregon Inlet Rd Nags Head, NC 27959

Estimated Value: $361,000 - $1,110,938

4 Beds
4 Baths
2,448 Sq Ft
$301/Sq Ft Est. Value

Last Sold April 09, 2015

Last sale price $569,000 $232 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $5,059/month

153 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Wood Flooring
  • Community Beach Access
  • Outdoor Pool
  • Hydromassage or Jetted Bathtub

About This Home

As of April 2015

This home is an absolute Rental Machine. Consistent rents make this an affordable Ocean Front home for many potential buyers. This home is an extremely well maintained home with spectacular extras through out. Beautiful Australian Cypress wood floors add character to an already stunning beach home. Enjoy a newly renovated master bathroom which includes a jet tub and roomy stand up tile shower. Watch the sunrises and the sunsets from both sides of the house on your newly redone Trex decking. 3m tint provides shade on all windows and doors. Recent updates on most furnishings and the carpet is only 2 years old. The gas heated community pool can be enjoyed throughout the shoulder seasons. With consistent solid rents, potential buyers can relax knowing they made a smart investment. All new plumbing. All HVAC units and Hardwood floors have been replaced recently and have 10 year transferable warranties. 4th bathroom recently added and properly permitted. This home truly has to be seen to be completely appreciated. Low maintenance fees considering all that it covers: liability insurance, lawn and greenery care, some pest extermination, basic cable TV, water and sewer (pumping out holding tanks and maintenance of drainage field), swimming pool care/maintenance & propane to heat pool for April, May, June, September & October, emergency phone at pool, professional management of property which includes storm preparation and some minor regular repairs to the exterior. As an example, association has a roofer that inspects homes after storms and makes any small repairs (ie. replacement of broken shingles) thus preventing more extensive damages if an owner is not available to personally inspect their home. When association decides to pursue major repairs that are covered by condo ownership (ie. replacement of outside decks) daily inspections were completed of the contractors work by our property management company & were able to get several quotes due to the size of the contract making repair costs lower than what an individual owner could receive. Great communication with other owners fosters like goals and showing that keeping property up to snuff pays for itself with higher rental returns and increased property values.

Last Agent to Sell the Property

Pete Salitore

Default, Office License #180349 Listed on: 10/01/2014

Co-Listed By

Ken Baittinger

Landmark Sotheby's International Realty License #275379

Last Buyer's Agent

Kristine Braunsdorf

Beach Realty & Construction License #224402

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,358

Year Built

  • Built in 1985

Lot Details

  • 1.52

HOA Fees

  • $550 Monthly HOA Fees

Parking

  • Paved Parking

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

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

Interior Spaces

  • 2,448 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Laminate Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • 4 Full Bathrooms
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Home Security

Pool

  • Outdoor Pool
  • Outdoor Shower
  • Spa

Utilities

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

Additional Features

  • Covered Deck
  • Beach Front

Listing and Financial Details

  • Tax Lot E

Community Details

Overview

  • Association fees include building maintenance, cable, common insurance, grounds maintenance, pool, sewer/septic, water
  • Eighteen South Subdivision

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Community Pool

Additional Features

  • Common Area
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,358

Year Built

Built in 1985

Lot Details

0

HOA Fees

$550 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: South on Old Oregon Inlet Road to Mp18, Turn left into Eighteen South, Unit E is Ocean Front.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Hot Tub, Jet Tub, Outside Shower, Smoke Detector(s)
  • Flood Zone: VE
  • Subdivision Name: Eighteen South
  • Headline: Oceanfront w/ 56k in rents
  • Heated Sq Ft: 2448
  • Roads: Paved
  • Sale/Rent: For Sale
  • Unit Level Number: E
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 0052
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 4
  • Countertops: Laminate
  • Floor Coverings: Carpet, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Gas Fireplace, Ensuite
  • Optional Rooms: Foyer

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Shakes, Wood
  • Pool: Yes
  • Pool: Association
  • Pool Type: Outdoor
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean, Sound

Garage/Parking

  • Garage: Carport
  • Parking: Paved

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Heat Pump, Zoned
  • Oilgas Severed Pre Owner: No Representation
  • Sewer/Septic System: Community Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Building Maintenance, Cable, Common Insurance, Grounds Maintenance, Pool, Sewer/Septic, Water
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Board Walk, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 6600
  • Home Owner Dwelling Insurance: 2236

Lot Info

  • Lot Description: Beach Frontage, Level, Water Frontage
  • Lot Number: Lot E
  • Deed Book: 1233

Rental Info

  • Est Annual Rental Income: 56000
  • Estimated Rental Performance: 0.0984
  • Lease Terms: Weekly
  • Maintenance Expenses: 746
  • Other Expenses: 320000
  • Rental Co: Joe Lamb Realty
  • Rental Cottage Name: All Decked Out
  • Rental Cottage Number: 18S-E
  • Rental Phone Number: 252-261-4444
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Actual
  • Annual Electric: 2225

Building Info

  • Year Built: 1985

Tax Info

  • Year: 2013
  • Taxes: 5358

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Eastburn Steven B $456,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2015 04/09/15 Sold $569,000 -5.0% $232 / Sq Ft
03/03/2015 03/03/15 Pending -- -- --
10/01/2014 10/01/14 For Sale $599,000 -- $245 / 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 -- $1,516,000 $1,435,500 $80,500
2023 $6,072 $1,516,000 $1,435,500 $80,500
2022 $0 $1,516,000 $1,435,500 $80,500
2021 $0 $1,516,000 $1,435,500 $80,500
2020 $0 $1,516,000 $1,468,100 $47,900
2019 $0 $1,720,000 $1,695,600 $24,400
2018 $0 $1,720,000 $1,695,600 $24,400
2017 $0 $1,720,000 $1,695,600 $24,400
2016 -- $1,720,000 $1,695,600 $24,400
2014 -- $1,720,000 $1,695,600 $24,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 85383

Outer Banks Association of REALTORS®

APN: 012431999