8807 S Old Oregon Inlet Rd Nags Head, NC 27959
Estimated Value: $252,000 - $935,000
4
Beds
2
Baths
1,344
Sq Ft
$100/mo
HOA Fee
Highlights
- Community Beach Access
- Coastal Architecture
- Furnished
- Ocean Front
- Cathedral Ceiling
- Beamed Ceilings
About This Home
As of May 2021South Nags Head Semi-Oceanfront 4 bedroom with Stunning Ocean Views and direct Beach Access. Mariner's Landing single family home with condo ownership. In South Nags Head there are several "cottage courts" that were developed in the late 70's and early to mid 80's that were owned by a single individual or entity. The land size was typically 100 feet on the ocean by 500-600 feet deep. On these land tracts were built 4-6 homes. Then when the owners decided to sell their property, in order to maximize the value of the property, they "condominiumized" the land and homes so that each cottage could then be sold individually. Within Mariners Landing there are 4 cottages. The land tract is oceanfront - so the 4 cottage owners collectively own the oceanfront land tract on which the 4 cottages are situated. Each cottage has use and enjoyment of the common area and each cottage has its own limited common area for its own use - parking, yard, etc. This home is semi-oceanfront with a permanent unobstructed ocean views that are difficult to find in this price range. Once you walk out the door you can be sitting in your favorite chair on the beach in just a minute. This home features 4 bedrooms and 2 baths, typical design of the day. There is an open upper level living area with an updated kitchen, dining area and great room with high beamed ceilings and tons of light. The top level sun decks take in the beautiful ocean views. Owners have made updates over time including recent siding and exterior paint, renovated top level, new kitchen, furnishings, appliances and more. Rents have been consistent year after year but owner only rents June - August and takes in season owner time. There is more rental potential with this great home with a full year rental projection of $37,635 on file. This is an amazing opportunity to own a property that is one lot from the oceanfront, oceanside with no road to cross, direct beach access and amazing ocean views! This is a must see. Don't wait!
Last Agent to Sell the Property
Landmark Sotheby's International Realty License #194377 Listed on: 04/12/2021
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,190
Year Built
- Built in 1979
Lot Details
- Ocean Front
HOA Fees
- $100 Monthly HOA Fees
Home Design
- Coastal Architecture
- Reverse Style Home
- Asphalt Shingled Roof
- Shake Siding
- Piling Construction
Interior Spaces
- 1,344 Sq Ft Home
- Furnished
- Beamed Ceilings
- Cathedral Ceiling
- Ceiling Fan
- Window Treatments
- Ocean Views
Kitchen
- Oven or Range
- Microwave
- Ice Maker
- Dishwasher
- Laminate Countertops
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Outdoor Shower
- Sun Deck
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 4&5 / 2
Community Details
Overview
- Association fees include common insurance, water
- Keith Benjamin Association
- Mariners Landg Subdivision
Recreation
- Community Boardwalk
- Community Beach Access
Similar Homes in Nags Head, NC
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/27/2021 05/27/21 | Sold | $560,000 | +3.7% | $417 / Sq Ft |
| 04/16/2021 04/16/21 | Pending | -- | -- | -- |
| 04/12/2021 04/12/21 | For Sale | $540,000 | -- | $402 / 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 | -- | $750,000 | $748,100 | $1,900 |
| 2023 | $3,004 | $750,000 | $748,100 | $1,900 |
| 2022 | $0 | $750,000 | $748,100 | $1,900 |
| 2021 | $0 | $750,000 | $748,100 | $1,900 |
| 2020 | $0 | $750,000 | $748,100 | $1,900 |
| 2019 | $0 | $590,000 | $588,000 | $2,000 |
| 2018 | $0 | $590,000 | $588,000 | $2,000 |
| 2017 | $0 | $590,000 | $588,000 | $2,000 |
| 2016 | -- | $590,000 | $588,000 | $2,000 |
| 2014 | -- | $590,000 | $588,000 | $2,000 |
Source: Public Records
Agents Affiliated with this Home
-
Brad Beacham
Seller's Agent in 2021
Brad Beacham
Landmark Sotheby's International Realty
(252) 202-6920
210 Total Sales
-
Rick Drumm
Buyer's Agent in 2021
Rick Drumm
Beach Realty & Construction
(252) 305-9999
93 Total Sales
Map
Source: Outer Banks Association of REALTORS®
MLS Number: 113867
APN: 008024999
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