NOT LISTED FOR SALE

Estimated Value: $655,000 - $828,000

3 Beds
3 Baths
2,109 Sq Ft
$350/mo HOA Fee

Last Sold February 14, 2014

Last sale price $495,000 $235 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $4,377/month

146 Days on Market

Highlights

  • Beach Front
  • In Ground Pool
  • Furnished
  • Community Beach Access
  • Coastal Architecture
  • Wet Bar

About This Home

As of February 2014

Oceanfront three-bedroom condos, especially in elevator buildings, are not very common on the Outer Banks, so you won’t want to let this terrific unit get away from you. Located in the heart of Nags Head, Heron Cove condos are always highly desirable and come on the market infrequently, and this will be the prettiest Heron Cove unit you have seen in a long time. You will appreciate the protection the large oceanfront dune provides. A complete interior renovation was completed in February, 2013. The interior was painted throughout in contemporary beach-inspired colors. New ceramic flooring was installed in the kitchen and dining areas, two of the baths and the hallway. New carpet was installed in the living area and the bedrooms. The large kitchen was totally renovated with new granite counters and cabinetry. All the kitchen appliances have been replaced within the past year. One master bath was completed renovated with new cabinetry with granite counters, mirrors and lighting. The hall bath was similarly renovated. New living, dining and outdoor furniture and wall hangings complete this $75,000+ project. This stylish first-level end unit features an ocean-facing covered deck that spans the length of the unit and a sunset-facing deck accessible from two of the three bedrooms. Both decks have ceramic tile flooring. The entry hall has a dramatic curved tongue-and-groove wood wall, leading to the living area and the ocean. The living area consists of a large great room with two gathering areas and a wet bar, a dining area and the large kitchen. The large master bedroom has a king bed, ceiling fan, double closets and French doors that open onto one of the gathering areas. The oversized master bath was completely remodeled in 2011 (the 2013 renovation of this bath included painting) and has a tile shower, a separate whirlpool tub, and double sinks joined by a separate vanity. The second master bedroom also has a large private bath with a similar sink arrangement and a tub/shower, a queen bed and access to the sunset deck. The third bedroom, which also has access to this deck, has a pyramid bunk and uses the hall bath. The new in 2011 washer and dryer are conveniently housed in the hall between these two bedrooms. Heron Cove has an oceanfront pool and a private walkway to the beach, a park grill for owner and guest use, and a separate storage area for each unit, as well as covered parking and an elevator in each of the two buildings. You will love the wide nourished beach! The unit is sold fully furnished and is a popular vacation rental with a steady income and repeat guests. 2012 and 2013 gross rental income exceeded $30,000 when owner use is added back in! In addition to the new interior renovation, the owners replaced the indoor and outdoor heat pump units within the past three years. Come see why we think you’ll want to call Heron Cove home!

Last Agent to Sell the Property

Kim Endre

Twiddy and Co. - Duck License #220350 Listed on: 08/27/2013

Co-Listed By

Barbara Connery

Default, Office License #143634

Last Buyer's Agent

Catherine Strachan

Brindley Beach Vacations & Sales-Duck License #246162

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,008

Year Built

  • Built in 1989

Lot Details

  • Beach Front

HOA Fees

  • $350 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Entry on the 1st floor
  • Masonry Perimeter Foundation
  • Shake Siding
  • Metal Construction or Metal Frame
  • Masonry
  • Stucco

Interior Spaces

  • 2,109 Sq Ft Home
  • Wet Bar
  • Furnished
  • Ceiling Fan
  • Window Treatments

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Tuck Under Parking
  • Paved Parking

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Covered Deck
  • Exterior Lighting

Utilities

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

Community Details

Overview

  • Association fees include building maintenance, cable, common electric, common insurance, flood insurance, grounds maintenance, management, pool, sewer/septic, water, walkways
  • Cape Management Niels Moore Association
  • Heron Cove Subdivision

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,008

Year Built

Built in 1989

Lot Details

0

HOA Fees

$350 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Directions: Northernmost unit, first level, north building.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Elevator, Outside Lighting, Outside Shower
  • Subdivision Name: Heron Cove Condos Ph 2
  • Headline: FULLY REMODELED. REALLY SHINES
  • Heated Sq Ft: 2109
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Unit Level Number: 1
  • Waterfront Location: Oceanfront
  • Zoning: CR
  • Deed Book Pg Number: 0466
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 3
  • Kitchen: Large
  • Floor Coverings: Carpet, Ceramic Tile, Vinyl
  • Foundation: Masonry
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Ensuite, Wet Bar
  • Living Room: Large

Exterior Features

  • Construction: Masonry, Metal
  • Exterior: Shakes, Stucco
  • Pool: Yes
  • Pool Type: Outdoor, In Ground

Garage/Parking

  • Parking: Paved, Under

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Building Maintenance, Cable, Common Electric, Common Insurance, Flood Insurance, Grounds Maintenance, Management, Pool, Sewer/Septic, Water, Walkways
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Board Walk
  • Association Fee: Yes
  • Estimated Annual Fee: 4200
  • Hoa Contact: Cape Management - Niels Moore
  • HOA Contact: 480-2700
  • Home Owner Dwelling Insurance: 1786

Lot Info

  • Lot Description: Beach Frontage
  • Deed Book: 1799

Rental Info

  • Est Annual Rental Income: 29750
  • Estimated Rental Performance: 0.0601
  • Lease Terms: Weekly
  • Other Expenses: 240000
  • Rental Co: Outer Banks Blue
  • Rental Cottage Name: Looney Dunes
  • Rental Cottage Number: HC104N
  • Rental Phone Number: 441-4315
  • Rental Turnover Day: Saturday
  • Annual Electric: 1275
  • Annual Telephone Expense: 1047

Building Info

  • Year Built: 1989

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2013
  • Taxes: 4008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2013
Closed on
Feb 5, 2014
Sold by
Monzo James R and Monzo Karen L
Bought by
Mackie Robert T and Mackie Mildred B
Seller's Agent
Kim Endre
Twiddy and Co. - Duck
Buyer's Agent
Catherine Strachan
Brindley Beach Vacations & Sales-Duck
List Price
$549,900
Sold Price
$495,000
Premium/Discount to List
-$54,900
-9.98%
Current Estimated Value
$717,513

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$222,513
Avg. Annual Appreciation
3.25%
Original Mortgage
$100,001
Outstanding Balance
$30,417
Interest Rate
4.56%
Mortgage Type
New Conventional
Estimated Equity
$687,096

Purchase Details

Closed on
May 7, 2009
Sold by
Prather Dennis D and Prather Sheila S
Bought by
Monzo James R and Monzo Karen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
4.86%
Mortgage Type
Purchase Money Mortgage
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
Mackie Robert T $495,000 None Available
Monzo James R $360,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mackie Robert T $100,001
Previous Owner Monzo James R $260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2014 02/14/14 Sold $495,000 -10.0% $235 / Sq Ft
01/20/2014 01/20/14 Pending -- -- --
08/27/2013 08/27/13 For Sale $549,900 -- $261 / 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 $2,446 $498,200 $160,500 $337,700
2023 $2,446 $511,708 $160,500 $351,208
2022 $2,049 $511,708 $160,500 $351,208
2021 $2,049 $511,708 $160,500 $351,208
2020 $4,143 $511,708 $160,500 $351,208
Source: Public Records

Agents Affiliated with this Home

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Source: Outer Banks Association of REALTORS®

MLS Number: 80321

Outer Banks Association of REALTORS®

APN: 030751000