NOT LISTED FOR SALE

9415 S Old Oregon Inlet Rd Nags Head, NC 27959

Estimated Value: $1,920,000 - $2,356,000

8 Beds
7 Baths
3,926 Sq Ft
$532/Sq Ft Est. Value

Last Sold November 07, 2023

Last sale price $1,890,000 $481 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $12,153/month

7 Days on Market

Highlights

  • Beach Front
  • Outdoor Pool
  • Second Refrigerator
  • Ocean View
  • 0.44 Acre Lot
  • Contemporary Architecture

About This Home

As of November 2023

If you're in search of an oceanfront gem, now is the perfect time to seize this opportunity and secure an investment property that's consistently done $150k plus in 2022 and 2023, and has almost 90k already book for 2024. With a projected advertised rental income of $245,000, this property promises lucrative returns. Boasting a sought-after floor plan, it features 8 spacious bedrooms (6 have private access to a bath), 5 full bathrooms, and 2 half bathrooms, making it a popular choice among vacationers. The top-level open living area, flooded with natural light, offers breathtaking ocean views and is an ideal space for entertaining friends and family. Imagine unwinding at the built-in bar while taking in the beauty of the ocean. Additionally, there is a game room on the first floor that provides extra community space. Equipped with a second refrigerator, sink, and ample counter space, this room is perfect for socializing. As an added bonus, this property includes a commercial-grade, stand-alone ice maker, making it incredibly convenient to fill coolers with ice for your beach outings. When you're in need of a break from the sandy shores, retreat to the private oceanside pool area, where you and your guests can enjoy refreshing swims and lounge by the poolside. For ultimate relaxation, a hot tub is available on the mid-level deck. Don't miss this chance to witness the allure of this oceanfront home and envision the incredible experiences it can offer you and your loved ones for many years to come. This property has excellent potential. With a bit of a personal touch and cosmetic updates, it can be absolutely stunning and a home renters will love.

Last Agent to Sell the Property

Heather VanderMyde

Coldwell Banker Seaside Realty - KDH License #207518 Listed on: 10/02/2023

Coldwell Banker Seaside Realty - KDH

Co-Listed By

Trish Berruet

Coldwell Banker Seaside Realty - KDH License #238921

Last Buyer's Agent

Richard Tolson

RT Realty OBX, LLC License #119826

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,712

Year Built

  • Built in 1999

Lot Details

  • 0.44 Acre Lot
  • Beach Front
  • Level Lot
  • Property is zoned R2

Home Design

  • Contemporary Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 3,926 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Quartz Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

  • Outdoor Pool
  • Vinyl Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck

Utilities

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

Listing and Financial Details

  • Legal Lot and Block #9 / 3

Community Details

Overview

  • Hollywood Beach Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,712

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Hot Tub, Outside Shower, Smoke Detector(s), Sun Deck, Dry Entry, Inside Laundry Room
  • Flood Zone: VE, AO
  • Heated Sq Ft: 3926
  • L V T Date: 10/02/2023
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 1
  • Waterfront Location: Oceanfront
  • Zoning: R2
  • Advertised Income 2021: 84560
  • Advertised Income 2022: 151085
  • Deed Book Pg Number: 0593
  • 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, Ice Machine, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 8
  • Countertops: Quartz
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Ceramic Tile, Vinyl Tile
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Gas Fireplace, Ensuite, Pantry, Wet Bar
  • Optional Rooms: Game Room
  • Partial Bathrooms: 2

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Vinyl
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, Vinyl, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street

Utilities

  • Cooling: Central, Zoned
  • Heating: Central, Heat Pump, Zoned
  • Fuel Tanks: Leased
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Lot Info

  • Estimated Lot Sq Ft: 19000
  • Lot Description: Beach Frontage, Level
  • Lot Number: Lot #9
  • Estimated Lot Size: 0.44
  • Deed Book: 2625

Rental Info

  • Est Annual Rental Income: 245000
  • Estimated Rental Performance: 0.1296
  • Lease Terms: Weekly
  • Rental Co: Joe Lamb Realty
  • Rental Cottage Name: Marvin Gardens
  • Rental Cottage Number: 319
  • Rental Phone Number: (252) 261-4444
  • Rental Turnover Day: Saturday
  • Rental Contact Email: dan@joelambjr.com
  • Rental Contact Name: Dan Hardy, President
  • Rental Contact Phone: 252 261-4444 ext 228

Building Info

  • Year Built: 1999

Tax Info

  • Year: 2023
  • Taxes: 10712.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2023
Closed on
Nov 7, 2023
Sold by
Meringolo Bruce and Meringolo Christina
Bought by
Emocean Llc
Seller's Agent
Heather VanderMyde
Coldwell Banker Seaside Realty - KDH
Buyer's Agent
Richard Tolson
RT Realty OBX, LLC
List Price
$1,800,000
Sold Price
$1,890,000
Premium/Discount to List
$90,000
5%
Views
23
Current Estimated Value
$2,056,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,589
Avg. Annual Appreciation
5.93%
Original Mortgage
$1,323,000
Outstanding Balance
$1,304,367
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$786,148

Purchase Details

Closed on
May 25, 2011
Sold by
Kelly James B
Bought by
Meringolo Bruce and Meringolo Christina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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List Price
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
Emocean Llc $1,890,000 None Listed On Document
Meringolo Bruce $700,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Emocean Llc $1,323,000
Previous Owner Meringolo Bruce $500,000
Previous Owner Meringolo Bruce $427,600
Previous Owner Meringolo Bruce $560,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/07/2023 11/07/23 Sold $1,890,000 +5.0% $481 / Sq Ft
10/09/2023 10/09/23 Pending -- -- --
10/02/2023 10/02/23 For Sale $1,800,000 -- $458 / 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 $10,712 $1,143,500 $622,300 $521,200
2023 $4,663 $1,164,348 $622,300 $542,048
2022 $4,663 $1,164,348 $622,300 $542,048
2021 $4,672 $1,164,348 $622,300 $542,048
2020 $4,663 $1,164,348 $622,300 $542,048
2019 $4,594 $953,000 $462,300 $490,700
2018 $4,594 $953,000 $462,300 $490,700
2017 $4,594 $953,000 $462,300 $490,700
2016 $4,203 $953,000 $462,300 $490,700
2014 $4,187 $949,400 $462,300 $487,100
Source: Public Records

Agents Affiliated with this Home

  • Heather VanderMyde

    Seller's Agent in 2023

    Heather VanderMyde

    Coldwell Banker Seaside Realty - KDH

    (252) 202-2375

    53 in this area

    442 Total Sales

    Section Image
  • Trish Berruet

    Seller Co-Listing Agent in 2023

    Trish Berruet

    Coldwell Banker Seaside Realty - KDH

    (252) 256-2761

    6 in this area

    69 Total Sales

    Section Image
  • Richard Tolson

    Buyer's Agent in 2023

    Richard Tolson

    RT Realty OBX, LLC

    (252) 202-9199

    10 in this area

    61 Total Sales

    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 123565

Outer Banks Association of REALTORS®

APN: 007270000

North Carolina Dare County Nags Head 27959

9415 S Old Oregon Inlet Rd, Nags Head, NC

This home is located at 9415 S Old Oregon Inlet Rd, Nags Head, NC 27959 since 02 October 2023 and is currently estimated at $2,090,515, approximately $532 per square foot. This property was built in 1999. 9415 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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