NOT LISTED FOR SALE

9240 S Old Oregon Inlet Rd Nags Head, NC 27959

Estimated Value: $947,000 - $1,149,000

5 Beds
5 Baths
2,680 Sq Ft
$402/Sq Ft Est. Value

Last Sold August 02, 2017

Last sale price $542,500 $202 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $6,137/month

255 Days on Market

Highlights

  • Ocean Front
  • In Ground Pool
  • Cathedral Ceiling
  • Beach Access
  • Coastal Architecture
  • Hydromassage or Jetted Bathtub

About This Home

As of August 2017

What makes this semi-oceanfront home unique is its 3 private, ensuite bedrooms. Located in sought after area of South Nags Head with its uncrowded & pristine beaches, larger lots and the benefit of recent beach nourishment. Enjoy great ocean views on the front deck and beautiful sunsets over the beautiful Cape Hatteras National Seashore preserve to the rear from the back decks. Situated on a private access road perfect for those summer strolls, biking or walking. Beach access is directly across the street (June Street) to only add to this incredible location. Stylish and beachy, this home is vast and comfortably appointed with private/gated pool, hot-tub, wood-burning fireplace, wet-bar, jetted-tub with ocean views and a private-dock at creeks edge that is teeming with wildlife. Owners have recently updated the kitchen, appliances,replaced the upper HVAC and water heaters, and painted. Refrigerator replaced (2017). Plus, this home has access to the South Creek Acres Community Swimming Pool and Tennis Courts. Home is turn-key and ready to enjoy or simply sit back and relish while the checks roll-in from the Proven Rental Income. There is potential for even more rental income, since owner blocked 4 weeks in 2016.

Last Agent to Sell the Property

Hugh Willey

Sun Realty - KDH License #238260 Listed on: 10/21/2016

Co-Listed By

Geraldine Willey

Sun Realty - KDH License #257480

Last Buyer's Agent

Randy Nance

Coastal Carolina Vacations License #207311

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,302

Year Built

  • Built in 1990

Lot Details

  • 0.38 Acre Lot
  • Ocean Front
  • Landscaped
  • Level Lot

HOA Fees

  • $33 Monthly HOA Fees

Property Views

  • Ocean
  • Creek or Stream
  • Park or Greenbelt

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 2,680 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 5 Full Bathrooms
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • Tuck Under Parking
  • Paved Parking
  • Off-Street Parking

Pool

  • In Ground Pool
  • Fiberglass Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Beach Access
  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Listing and Financial Details

  • Tax Lot 48

Community Details

Overview

  • Association fees include pool, tennis courts
  • Hollywood Beach Subdivision

Recreation

  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,302

Year Built

Built in 1990

Lot Details

0

HOA Fees

$33 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Located at MP 19 on west side of OOIR.
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Hot Tub, Jet Tub, Landscaped, Outside Lighting, Outside Shower, Sun Deck, Dry Entry
  • Flood Zone: AE
  • Subdivision Name: HOLLYWD BCH RECOMB/SO CREEK AC
  • Headline: Ocean Views!
  • Heated Sq Ft: 2680
  • L V T Date: 10/21/2016
  • Roads: Paved
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: Residentia
  • Deed Book Pg Number: 0443
  • Office License Number: C3211
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 5
  • Countertops: Silestone, Solid Surface
  • Floor Coverings: Carpet, Ceramic Tile
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Ensuite, Walk in Closet, Washer Connection, Wet Bar, Wood Fireplace

Exterior Features

  • Construction: Frame
  • Exterior: Lap Siding, Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Fiberglass, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Creek, Ocean, Park Serv/Preserve

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street, Under

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Pool, Tennis Courts
  • Association Amenities: Outdoor-Comm. Pool, Outdoor-Comm. Tennis
  • Association Fee: Yes
  • Estimated Annual Fee: 400
  • Home Owner Dwelling Insurance: 5460

Lot Info

  • Estimated Lot Sq Ft: 16500
  • Lot Description: Adj to Park Serv./Preserv, Level
  • Lot Faces: E
  • Lot Number: Lot 48
  • Deed Book: 1623

Rental Info

  • Est Annual Rental Income: 50200
  • Estimated Rental Performance: 0.0925
  • Flood Expenses: 793
  • Lease Terms: Weekly
  • Other Expenses: 800
  • Other Expenses2: 700
  • Other Expenses3: 70
  • Poolspa Expense: 3000
  • Rental Co: Joe Lamb Realty
  • Rental Cottage Name: Slow Mocean
  • Rental Cottage Number: 364
  • Rental Phone Number: 252261
  • Rental Turnover Day: Sunday
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 1100
  • Annual Electric: 3000
  • Annual Telephone Expense: 525
  • Annual Water Expense: 600

Building Info

  • Year Built: 1990

Tax Info

  • Year: 2015
  • Taxes: 3302.38

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2016
Closed on
Aug 2, 2017
Sold by
Linton Scott G and Linton Sheila M
Bought by
Rausch Matthew T and Rausch Alison
Seller's Agent
Hugh Willey
Sun Realty - KDH
Buyer's Agent
Randy Nance
Coastal Carolina Vacations
List Price
$578,900
Sold Price
$542,500
Premium/Discount to List
-$36,400
-6.29%
Current Estimated Value
$1,078,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$536,159
Avg. Annual Appreciation
8.97%
Original Mortgage
$434,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2005
Sold by
Rassoulpour Ali and Rassoulpour Nayeresh S
Bought by
Linton Scott G and Linton Sheila M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,000
Interest Rate
5.5%
Mortgage Type
Assumption
Source: Public Records

Range of Values:

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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
Rausch Matthew T $500 None Available
Linton Scott G $683,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rausch Matthew T $434,000
Previous Owner Linton Scott G $612,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2017 08/02/17 Sold $542,500 -6.3% $202 / Sq Ft
07/03/2017 07/03/17 Pending -- -- --
10/21/2016 10/21/16 For Sale $578,900 -- $216 / 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 $4,619 $607,000 $226,900 $380,100
2023 $2,492 $622,204 $226,900 $395,304
2022 $2,492 $622,204 $226,900 $395,304
2021 $4,354 $622,204 $226,900 $395,304
2020 $2,492 $622,204 $226,900 $395,304
2019 $2,289 $473,800 $209,200 $264,600
2018 $2,289 $473,800 $209,200 $264,600
2017 $2,289 $473,800 $209,200 $264,600
2016 $2,094 $473,800 $209,200 $264,600
2014 $1,300 $473,800 $209,200 $264,600
Source: Public Records

Agents Affiliated with this Home

  • Hugh Willey

    Seller's Agent in 2017

    Hugh Willey

    Sun Realty - KDH

    (252) 489-8491

    14 in this area

    75 Total Sales

    Hugh Willey
    Section Image

  • G

    Seller Co-Listing Agent in 2017

    Geraldine Willey

    Sun Realty - KDH

    Section Image
  • Randy Nance

    Buyer's Agent in 2017

    Randy Nance

    Coastal Carolina Vacations

    (252) 202-3374

    23 in this area

    51 Total Sales

    Randy Nance
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 94120

Outer Banks Association of REALTORS®

APN: 007970048

North Carolina Dare County Nags Head 27959

9240 S Old Oregon Inlet Rd, Nags Head, NC

This home is located at 9240 S Old Oregon Inlet Rd, Nags Head, NC 27959 since 21 October 2016 and is currently estimated at $1,078,659, approximately $402 per square foot. This property was built in 1990. 9240 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.

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