8717 S Old Oregon Inlet Rd Nags Head, NC 27959
Estimated Value: $1,307,000 - $1,635,000
5
Beds
4
Baths
2,600
Sq Ft
$567/Sq Ft
Est. Value
Highlights
- Beach Front
- Cathedral Ceiling
- Furnished
- Ocean View
- Hydromassage or Jetted Bathtub
- Wet Bar
About This Home
As of March 2020You’ll need to see this South Nags Head Oceanfront Best Buy!...2020 is the first season it's open for all seasons!..$54,930 for 2020 already…potential to have $80,000!...based on mid April through October full occupancy!...10% gross return!.. $96,875. advertised rental income projection with an added private pool and hot tub...11.3% gross return! The road to ocean homesite creates a very private feel….it’s like having your own beach! Incredible workmanship by Gibbs Construction. THE HOME HAS NEW PAINTED HARDEEPLANK SIDING, TRIM, SOFFITS, FASCIA, SUN DECKS, RAILINGS, PICKETS, AND TWO STAIRWELLS, PLUS A NEW ARCHITECTURAL ROOF. It’s an ideal vacation rental home. The moment you open the front door and see the dramatic two story foyer, it says welcome with a comfortable, inviting, bright and beachy feel. White Atlantic Cedar accent walls create an Old Nags Head cottage feel. Sit and watch the sunrises, dolphins and beach-goers from the dune-top deck or the wet bar with icemaker!...Vacationers love it!.. RECENT UPGRADES INCLUDE BATH LIGHT FIXTURES, KITCHEN UPGRADES INCLUDING A TILE BACK-SPLASH AND NEWER STAINLESS KITCHEN APPLIANCES, AND NEW LIVING ROOM FURNITURE. A full season rental projection $68,500….add a pool and hot tub and watch the rents soar! 2019 advertised rental income is $56,620 which includes many owner weeks and limited availability. Current survey in associated docs (pool addition will need lot coverage modification). Private walkway to the beautiful re-nourished beaches. Incredible central location with a very short walk to the Outer Banks Fishing Pier and Fish Heads Bar and Grill. Quick drive to the Jennette's Pier, Manteo waterfront, Oregon Inlet, and Cape Hatteras National seashore. Worth taking a look... for price, condition and location, it is a best buy for under $800,000!
Last Agent to Sell the Property
Outer Banks Blue Realty Srvcs. License #103918 Listed on: 01/31/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,230
Year Built
- Built in 1987
Lot Details
- 0.54 Acre Lot
- Lot Dimensions are 50x470
- Beach Front
Home Design
- Reverse Style Home
- Frame Construction
- Asphalt Shingled Roof
- Piling Construction
- Cement Board or Planked
Interior Spaces
- 2,600 Sq Ft Home
- Wet Bar
- Furnished
- Cathedral Ceiling
- Wood Burning Fireplace
- Window Treatments
- Entrance Foyer
- Ocean Views
Kitchen
- Oven or Range
- Microwave
- Dishwasher
- Laminate Countertops
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- En-Suite Primary Bedroom
- 4 Full Bathrooms
- Hydromassage or Jetted Bathtub
Laundry
- Dryer
- Washer
Outdoor Features
- Outdoor Shower
- Sun Deck
- Covered Deck
- Storage Shed
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 6 / 1
Community Details
Overview
- Hollywood Beach Subdivision
Recreation
- Community Boardwalk
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 31, 2020
Closed on
Mar 27, 2020
Sold by
Reynolds Lynne David
Bought by
Ebron Julia Etheridge
Seller's Agent
Daniel Fenyak
Outer Banks Blue Realty Srvcs.
Buyer's Agent
Matt Huband
OBX Realty Group, LLC
List Price
$799,000
Sold Price
$770,000
Premium/Discount to List
-$29,000
-3.63%
Total Days on Market
24
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$703,425
Avg. Annual Appreciation
13.35%
Original Mortgage
$616,000
Outstanding Balance
$551,580
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$921,845
Purchase Details
Closed on
Jun 21, 2017
Sold by
Semon Arthur D
Bought by
Reynolds Lynne Davis
Similar Homes in Nags Head, NC
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ebron Julia Etheridge | $770,000 | None Available | |
| Reynolds Lynne Davis | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ebron Julia Etheridge | $616,000 | |
| Previous Owner | Reynolds Lynne Davis | $177,000 | |
| Previous Owner | Reynolds Lynne Davis | $400,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/30/2020 03/30/20 | Sold | $770,000 | -3.6% | $296 / Sq Ft |
| 02/24/2020 02/24/20 | Pending | -- | -- | -- |
| 01/31/2020 01/31/20 | For Sale | $799,000 | -- | $307 / 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 | $9,010 | $975,000 | $598,500 | $376,500 |
| 2023 | $3,318 | $828,548 | $598,500 | $230,048 |
| 2022 | $3,318 | $828,548 | $598,500 | $230,048 |
| 2021 | $3,322 | $828,548 | $598,500 | $230,048 |
| 2020 | $3,318 | $828,548 | $598,500 | $230,048 |
| 2019 | $3,044 | $638,200 | $451,000 | $187,200 |
| 2018 | $3,044 | $638,200 | $451,000 | $187,200 |
| 2017 | $3,044 | $638,200 | $451,000 | $187,200 |
Source: Public Records
Agents Affiliated with this Home
-
Daniel Fenyak
Seller's Agent in 2020
Daniel Fenyak
Outer Banks Blue Realty Srvcs.
(252) 256-1818
120 Total Sales
-
Danielle Fenyak
Seller Co-Listing Agent in 2020
Danielle Fenyak
Outer Banks Blue Realty Srvcs.
(252) 256-2105
57 Total Sales
-
Matt Huband
Buyer's Agent in 2020
Matt Huband
OBX Realty Group, LLC
(252) 255-0221
86 Total Sales
Map
Source: Outer Banks Association of REALTORS®
MLS Number: 108097
APN: 026852000
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Information is deemed reliable but not guaranteed.
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