NOT LISTED FOR SALE

9617 S Old Oregon Inlet Rd Nags Head, NC 27959

Estimated Value: $1,646,000 - $1,977,000

6 Beds
4.5 Baths
3,194 Sq Ft
$551/Sq Ft Est. Value

Last Sold March 13, 2023

Last sale price $1,550,000 $485 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $10,343/month

35 Days on Market

Highlights

  • Beach Front
  • In Ground Pool
  • Coastal Architecture
  • Ocean View
  • Second Refrigerator
  • Main Floor Bedroom

About This Home

As of March 2023

Not your ordinary rental machine. This oceanfront estate is overflowing with character and income! Generating $150k in rental income in 2022, and already has $125k for 2023 (as of 12/8). Enjoy WIDE OPEN ocean & sound views, a stable vegetated dune, and few neighboring homes providing uncrowded beaches and privacy! One of the best dune lines in all of South Nags Head. This quality constructed 6 bedroom and 4.5 bath home offers a traditional floor plan (not a lot of stairs), great ocean views, a functional open-concept floor-plan, renovated kitchen with plenty of cabinetry for storage, a game room with kitchenette, and so much more. The main-level boasts a generous great room with a soaring ceiling and sky lights providing lots of natural light, low maintenance LVT flooring, dining area, large sun deck with Trex decking and vinyl railings; stairs that go all the way down to the pool, chef's kitchen with eat-in bar for 6, granite countertops, coastal colored backsplash, smoothtop range/oven, a utility room conveniently located just off the kitchen, a powder bath, and a primary bedroom with a private ensuite bath, and private access to the sun deck. This level is perfect for entertaining family and friends and extends nicely to the massive sun deck for more outdoor living where you can spot dolphin, and enjoy some of the most amazing sunrises. The top level offers 4 more spacious bedrooms; two are ensuites to a shared full bath. The bedrooms on the east side have stunning ocean views, and the bedrooms on the west have private deck access with views of the parkland and the sound. Here you will enjoy being mesmerized by those famous outer banks sunsets. The ground level features a cozy den area, game room, and kitchenette complete with a full size refrigerator, wet bar, and microwave. There's also 1 more bedroom and full bath. The exterior offers low maintenance vinyl siding, railings, windows, and Trex decking, the entire home sits off the ground for EXTRA protection (no water intrusion or moisture issues here), massive carport area, a huge pool area with a newer pool (installed in 2014). Lovingly maintained with a list upgrades in associated docs. A few items include beach side Andersen sliders installed in 2022, roof, skylights, beach side siding and windows installed in 2019, replaced HVAC units 2018, and new water heater in 2019. This property has all you need to begin building memories on the quiet end of South Nags Head. Turn key with serious rental income! **Please note: the laundry room is not in the 3D Virtual Tour**

Last Agent to Sell the Property

Heather VanderMyde

Coldwell Banker Seaside Realty - KDH License #207518 Listed on: 12/08/2022

Coldwell Banker Seaside Realty - KDH

Last Buyer's Agent

Amina Sansotta

Howard Hanna Outer Banks Realt License #288142

Howard Hanna Outer Banks Realt

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,425

Year Built

  • Built in 1982

Lot Details

  • Beach Front
  • 70 Feet of Waterfront
  • Level Lot
  • Property is zoned R2

Property Views

  • Ocean
  • Views of a Sound
  • Park or Greenbelt

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 3,194 Sq Ft Home
  • Furnished
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Family Room
  • Dining Room
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport

Pool

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

Outdoor Features

  • Sun Deck
  • Exterior Lighting

Utilities

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

Community Details

  • Kittiwake Subdivision

Listing and Financial Details

  • Tax Lot #4

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,425

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Coastal
  • Extras: Ceiling Fan(s), Hot Tub, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck, Dry Entry
  • Headline: 150k in Rental Income 2022
  • Heated Sq Ft: 3194
  • L V T Date: 12/08/2022
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: R2
  • Advertised Income 2021: 132849
  • Advertised Income 2022: 150115
  • Deed Book Pg Number: 0172
  • 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, Washer, 2nd Refrigerator
  • Bedrooms: 6
  • Bedroom 1: On Level: 2
  • Bedroom 2: On Level: 3
  • Bedroom 3: On Level: 3
  • Bedroom 4: On Level: 3
  • Bedroom 5: On Level: 3
  • Bedroom 6: On Level: 1
  • Kitchen: On Level: 2
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Luxury Vinyl Plank
  • Foundation: Piling
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Dryer Connection, Gas Connection, Pantry, Washer Connection
  • Dining Room: On Level: 2
  • Family Room: On Level: 2
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Lap Siding, Vinyl
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 70
  • View: Ocean, Park Serv/Preserve, Sound
  • Water Frontage: 70

Garage/Parking

  • Garage: 2 Car, Carport

Utilities

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

Condo/Co-op/Association

  • Home Owner Dwelling Insurance: 1782

Lot Info

  • Lot Description: Beach Frontage, Level
  • Lot Faces: E
  • Lot Size: 70' wide x 480'+ deep
  • Lot Number: Lot #4
  • Deed Book: 2364

Rental Info

  • Est Annual Rental Income: 150000
  • Estimated Rental Performance: 0.0968
  • Flood Expenses: 658
  • Lease Terms: Weekly
  • Maintenance Expenses: 2295
  • Other Expenses: 3762
  • Poolspa Expense: 5000
  • Rental Co: Joe Lamb Realty
  • Rental Cottage Name: Our Happy Place
  • Rental Cottage Number: #617
  • Rental Phone Number: (252) 261-4444
  • Rental Turnover Day: Saturday
  • Annual Cable TV Expense: 2602
  • Annual Electric: 3667
  • Annual Water Expense: 878
  • Rental Contact Email: dawn@joelambjr.com
  • Rental Contact Name: Dawn Landron
  • Rental Contact Phone: (252) 261-4444

Building Info

  • Year Built: 1982

Tax Info

  • Year: 2022
  • Taxes: 9425.35

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2022
Closed on
Mar 13, 2023
Sold by
Panabaker Trust
Bought by
Northstab Space Llc
Seller's Agent
Heather VanderMyde
Coldwell Banker Seaside Realty - KDH
Buyer's Agent
Amina Sansotta
Howard Hanna Outer Banks Realt
List Price
$1,699,900
Sold Price
$1,550,000
Premium/Discount to List
-$149,900
-8.82%
Views
131
Current Estimated Value
$1,760,052

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$210,052
Avg. Annual Appreciation
5.07%
Original Mortgage
$162,500
Outstanding Balance
$156,593
Interest Rate
4.88%
Mortgage Type
New Conventional
Estimated Equity
$1,597,211

Purchase Details

Listed on
Apr 16, 2013
Closed on
Jun 28, 2013
Sold by
Hallisay Paul L
Bought by
Panabaker Harold J and Panabaker Donna M
Seller's Agent
David Perrot
Coldwell Banker Seaside Realty - KDH
Buyer's Agent
Heather VanderMyde
Coldwell Banker Seaside Realty - KDH
List Price
$799,000
Sold Price
$750,000
Premium/Discount to List
-$49,000
-6.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.79%
Original Mortgage
$600,000
Interest Rate
3.59%
Mortgage Type
New Conventional
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
Northstab Space Llc $3,100 --
Panabaker Harold J $750,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Northstab Space Llc $162,500
Previous Owner Panabaker Harold J $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2023 03/13/23 Sold $1,550,000 -8.8% $485 / Sq Ft
01/12/2023 01/12/23 Pending -- -- --
12/08/2022 12/08/22 For Sale $1,699,900 +126.7% $532 / Sq Ft
07/09/2013 07/09/13 Sold $750,000 -6.1% $227 / Sq Ft
07/07/2013 07/07/13 Pending -- -- --
04/16/2013 04/16/13 For Sale $799,000 -- $242 / 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 $9,920 $1,077,800 $698,300 $379,500
2023 $4,377 $1,092,980 $698,300 $394,680
2022 $4,369 $1,091,004 $698,300 $392,704
2021 $4,369 $1,091,004 $698,300 $392,704
2020 $4,369 $1,091,004 $698,300 $392,704
2019 $4,169 $871,400 $560,100 $311,300
2018 $3,890 $814,900 $560,100 $254,800
2017 $3,896 $814,900 $560,100 $254,800
2016 $3,559 $814,900 $560,100 $254,800
2014 $7,683 $812,400 $560,100 $252,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 120977

Outer Banks Association of REALTORS®

APN: 026907000