NOT LISTED FOR SALE

9429 S Old Oregon Inlet Rd Nags Head, NC 27959

Estimated Value: $1,977,000 - $2,420,000

8 Beds
8 Baths
4,489 Sq Ft
$487/Sq Ft Est. Value

Sale Details

Date Sold: September 14, 2012

Last sale price $960,000 $214 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $12,564 / mo

4 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Furnished

About This Home

As of September 2012

UNDER CONTRACT. CONTINUE TO SHOW. BACK UP OFFERS WELCOME. SHORT SALE SUBJECT TO SELLER'S LENDER APPROVAL. Oceanfront * Elevator * Handicap Friendly * Spacious Kitchen * Conference Room * Private Heated Pool * Gazebo * Gameroom

Last Agent to Sell the Property

Gray Berryman

Carolina Designs Realty License #214315 Listed on: 03/16/2012

Last Buyer's Agent

Michael Pringle

Coldwell Banker Seaside Realty KH License #259291

Coldwell Banker Seaside Realty KH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,566

Year Built

  • Built in 1998

Lot Details

  • Beach Front
  • Property is zoned R-2

Home Design

  • Shake Siding
  • Vinyl Construction Material

Interior Spaces

  • 4,489 Sq Ft Home
  • Furnished
  • Ocean Views

Bedrooms and Bathrooms

  • 8 Bedrooms

Pool

  • Fiberglass Pool

Community Details

  • Hollywood Beach Subdivision

Listing and Financial Details

  • Legal Lot and Block 2 / 3

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,566

Year Built

Built in 1998

Lot Details

0.4 Acres

Listing Details

  • Class: RESIDENTIAL
  • Headline: Oceanfront 8 bedrooms Elevator
  • Heated Sq Ft: 4489
  • Potential Short Sale: Yes
  • Sale/Rent: For Sale
  • Section: 1
  • Waterfront Location: Oceanfront
  • Zoning: R-2
  • Deed Book Pg Number: 0078
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 8
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Partial Bathrooms: 3

Exterior Features

  • Exterior: Shakes, Vinyl
  • Pool: Yes
  • Pool Type: Outdoor, Fiberglass
  • View: Ocean

Lot Info

  • Lot Description: Beach Frontage
  • Lot Number: Lot 2
  • Deed Book: 1860

Rental Info

  • Est Annual Rental Income: 134961
  • Estimated Rental Performance: 0.1406
  • Lease Terms: Weekly
  • Other Expenses: 887700
  • Rental Co: Carolina Designs
  • Rental Cottage Name: Pointe East
  • Rental Cottage Number: 476
  • Rental Phone Number: 261 3934
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 1998

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2011
  • Taxes: 4566

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2012
Closed on
Sep 14, 2012
Sold by
Sassan Ardeshir and Veinberga Agnese
Bought by
Patton Robert S and Patton Toni E
Seller's Agent
Gray Berryman
Carolina Designs Realty
Buyer's Agent
Michael Pringle
Coldwell Banker Seaside Realty KH
List Price
$1,100,000
Sold Price
$960,000
Premium/Discount to List
-$140,000
-12.73%
Current Estimated Value
$2,185,511

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,225,511
Avg. Annual Appreciation
6.24%
Original Mortgage
$650,000
Outstanding Balance
$448,380
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$1,737,131

Purchase Details

Closed on
Jun 22, 2012
Sold by
Osprey Engineering & Management Llc
Bought by
Sassan Ardeshir

Purchase Details

Closed on
Dec 28, 2009
Sold by
Rassoulpour Ali and Rassoulpour Mayereh
Bought by
Osprey Engineering & Management Llc

Purchase Details

Closed on
Dec 18, 2006
Sold by
Sassan Ardeshir and Sassan Ardi
Bought by
Rassoulpour Ali and Rassoulpour Nayereh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,520,000
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 23, 2006
Sold by
Rassoulpour Ali and Rassoulpour Nayereh S
Bought by
Sasssan Ardeshir
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Patton Robert S $960,000 None Available
Sassan Ardeshir -- None Available
Osprey Engineering & Management Llc -- None Available
Rassoulpour Ali -- None Available
Sasssan Ardeshir -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patton Robert S $650,000
Previous Owner Rassoulpour Ali $2,520,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2012 09/14/12 Sold $960,000 -12.7% $214 / Sq Ft
03/20/2012 03/20/12 Pending -- -- --
03/16/2012 03/16/12 For Sale $1,100,000 -- $245 / Sq Ft
Source: Outer Banks Association of REALTORS®

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
2025 $12,677 $2,024,600 $1,120,000 $904,600
2024 $11,712 $1,251,800 $608,000 $643,800
2023 $5,117 $1,277,552 $608,000 $669,552
2022 $5,117 $1,277,552 $608,000 $669,552
2021 $5,117 $1,277,552 $608,000 $669,552
2020 $5,117 $1,277,552 $608,000 $669,552
2019 $4,844 $1,004,000 $469,800 $534,200
2018 $4,844 $1,004,000 $469,800 $534,200
2017 $4,844 $1,004,000 $469,800 $534,200
2016 $4,432 $1,004,000 $469,800 $534,200
2014 $4,432 $1,004,000 $469,800 $534,200
Source: Public Records

Agents Affiliated with this Home

  • Gray Berryman

    Seller's Agent in 2012

    Gray Berryman

    Carolina Designs Realty

    (252) 573-9503

    13 in this area

    162 Total Sales

    Gray Berryman
    Section Image

  • M

    Buyer's Agent in 2012

    Michael Pringle

    Coldwell Banker Seaside Realty KH

    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 74074

Outer Banks Association of REALTORS®

APN: 007265002

North Carolina Dare County Nags Head 27959

9429 S Old Oregon Inlet Rd, Nags Head, NC

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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