NOT LISTED FOR SALE

8723B S Old Oregon Inlet Rd Nags Head, NC 27959

Estimated Value: $789,000 - $987,000

9 Beds
4 Baths
2,850 Sq Ft
$321/Sq Ft Est. Value

Last Sold August 24, 2022

Last sale price $950,000 $333 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $5,278/month

54 Days on Market

Highlights

  • Beach Front
  • Beach Box Architecture
  • Covered Deck
  • Ocean View
  • Furnished
  • Laundry Room

About This Home

As of August 2022

Two buildings, three opportunities! The east side of the oceanfront building appropriately named "Beach Therapy" offers 3 bedrooms and 2 full baths one of which is an ensuite bath. The west side named "Awesome View" offers 3 bedrooms and one full bath. The semi oceanfront "Beach House" offers 3 bedrooms and 1 full bath. This unique property offers numerous possibilities - Rent 2 of the 3 units and keep one for your own use! All three spaces have been tastefully updated with modern amenities, coastal decor, new sofas, smart TV's and new mattresses. Enjoy incredible ocean views from almost every room or step outside and enjoy ocean breezes from both covered and open decking. This desirable South Nags Head locataion offers beautiful uncrowded beaches situated between Jennette's Pier and The Outer Banks Pier featuring the popular Fish Heads Bar & Grill. Strong rental income with total income currently $158,788 for the 2022 rental season. New vinyl siding and windows 2018. HVAC and Air Handler replaced in east unit and semi 2020 and west unit in 2018.

Last Agent to Sell the Property

Lauren Rickard

Coldwell Banker Seaside Realty KH License #269694 Listed on: 06/18/2022

Coldwell Banker Seaside Realty KH

Last Buyer's Agent

Amina Sansotta

Howard Hanna Outer Banks Realty License #288142

Howard Hanna Outer Banks Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,834

Year Built

  • Built in 1975

Lot Details

  • 8,000 Sq Ft Lot
  • Beach Front
  • Property is zoned R2

Home Design

  • Beach Box Architecture
  • Asphalt Shingled Roof
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 2,850 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Ocean Views

Kitchen

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

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • En-Suite Primary Bedroom
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tax Lot PT 9,10

Community Details

Overview

  • You Lin Hills Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,834

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Beach Box
  • Directions: South from Jenette's Pier onto OOIR. Pass MP 18 marker and use Dunes South condos as landmark. 8723#B S OOIR will be just south on oceanfront, enter shared driveway at the white cinder block pillars.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Outside Lighting, Outside Shower, Sun Deck, Inside Laundry Room
  • Flood Zone: AO, VE
  • Headline: Oceanfront Opportunity
  • Heated Sq Ft: 2850
  • L V T Date: 06/18/2022
  • Roads: Paved
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: R2
  • Advertised Income 2021: 148939
  • Advertised Income 2022: 158788
  • Deed Book Pg Number: 0411
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C7166
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 9
  • Countertops: Laminate
  • Electronic Locks: Leased
  • Floor Coverings: Tile, Wood Laminate, Vinyl Tile
  • Foundation: Piling
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Ensuite

Exterior Features

  • Exterior: Vinyl
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Paved, Off Street

Utilities

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

Lot Info

  • Estimated Lot Sq Ft: 8000
  • Lot Description: Beach Frontage
  • Lot Faces: E
  • Lot Number: Lot PT 9,10
  • Estimated Lot Size: 0.18
  • Deed Book: 1863

Rental Info

  • Rental Co: Seaside Vacations
  • Rental Cottage Name: Beach Therapy
  • Rental Cottage Number: 7044
  • Rental Phone Number: 261-7763
  • Rental Turnover Day: Saturday
  • Rental Contact Email: mrussell@seasiderealty.com
  • Rental Contact Name: Michelle Russell
  • Rental Contact Phone: 261-7763

Building Info

  • Year Built: 1975

Tax Info

  • Year: 2021
  • Taxes: 4834

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2022
Closed on
Aug 24, 2022
Sold by
Loyd Davis Jr Garland
Bought by
Sansotta Roc F
Seller's Agent
Lauren Rickard
Coldwell Banker Seaside Realty KH
Buyer's Agent
Amina Sansotta
Howard Hanna Outer Banks Realty
List Price
$1,499,000
Sold Price
$950,000
Premium/Discount to List
-$549,000
-36.62%
Total Days on Market
54
Current Estimated Value
$915,073

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$34,927
Avg. Annual Appreciation
-1.97%

Purchase Details

Closed on
Mar 29, 2010
Sold by
Davis Joan and Parsick Walter
Bought by
Davis Garland Loyd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 2, 2010
Sold by
Us Bank National Association
Bought by
Davis Joan and Davis Garland Loyd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 1, 2009
Sold by
Harper Helen B
Bought by
Us Bank National Association
Source: Public Records

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Range of Values:

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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
Sansotta Roc F $5,700,000 Evans & Meads Pllc
Davis Garland Loyd -- None Available
Davis Joan $118,000 None Available
Us Bank National Association $265,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Davis Joan $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2022 08/24/22 Sold $950,000 -32.1% $333 / Sq Ft
08/11/2022 08/11/22 Pending -- -- --
07/27/2022 07/27/22 Price Changed $1,399,000 -6.7% $491 / Sq Ft
06/18/2022 06/18/22 For Sale $1,499,000 -- $526 / 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 $5,063 $557,000 $155,300 $401,700
2023 $2,295 $573,068 $155,300 $417,768
2022 $2,299 $573,981 $155,300 $418,681
2021 $4,842 $574,009 $155,300 $418,709
2020 $3,821 $574,038 $155,300 $418,738
2019 $1,479 $300,600 $40,200 $260,400
2018 $1,474 $300,600 $40,200 $260,400
2017 $1,480 $300,600 $40,200 $260,400
2016 $1,349 $300,600 $40,200 $260,400
2014 $2,907 $300,600 $40,200 $260,400
Source: Public Records

Agents Affiliated with this Home

  • Lauren Rickard

    Seller's Agent in 2022

    Lauren Rickard

    Coldwell Banker Seaside Realty KH

    (252) 202-3519

    62 Total Sales

    Lauren Rickard
    Section Image

  • A

    Buyer's Agent in 2022

    Amina Sansotta

    Howard Hanna Outer Banks Realty

    (757) 816-1141

    26 Total Sales

    Amina Sansotta
    Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 119352

Outer Banks Association of REALTORS®

APN: 007997008

North Carolina Dare County Nags Head 27959

8723B S Old Oregon Inlet Rd, Nags Head, NC

This home is located at 8723B S Old Oregon Inlet Rd, Nags Head, NC 27959 since 18 June 2022 and is currently estimated at $915,073, approximately $321 per square foot. This property was built in 1975. 8723B 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.

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