Shore Realty Outer Banks Home Sales

Listing Details For 1007 Virginia Dare Trail in Kill Devil Hills


MLS #: 84460
1007 Virginia Dare Trail
Kill Devil Hills, NC 27948
Selling Price: $2,650,000
Asking Price: $2,795,000
Closing Date: 10/24/2014
Status: Sold CO OP by Member
Status Date: 10/24/2014



Listing Information

Headline$287,000 Owners Rental Income!
AreaKill Devil Hills Oceanside
Beds10
Full Baths10
Partial Baths1
Asking Price$2,795,000
Price Date10/24/2014
Original Asking Price$2,695,000
Land Tax Assessd Value$708,700
Price Per Square Foot$482
Days On Market100
Cumulative Days On Market100
Days On MLS100
Cumulative Days On MLS100
Listing Date7/16/2014
Listing TypeExclusive Right Sell
Input Date Date7/16/2014
Update Date10/24/2014 9:29:00 PM
Sale Or RentFor Sale
OwnershipO
Primary Residence Y/NY

Building Details

TypeSingle Family - Detached
ClassRESIDENTIAL
Year Built2000
Heated Living Area5800
Pool Y/NYes

Lot Details & Legal Description

Address1007 Virginia Dare Trail
Block10
SubdivisionKitty Hawk Shrs
Full Subdivision NameKitty Hawk Shores
CountyDare
CityKill Devil Hills
StateNC
Zip27948-
Deed Page0058
Deed Book1434
Doc Timestamp8/14/2014 3:35:00 PM
Pin Number988415733245
Tax Database ID4
Tax Property ID988415733245
Lot Square Feet25000
Lot Size/Dimensions50x500
Street Frontage50
Water Frontage50
Distance To WaterOceanfront
ZoningRES

Property Expense & Utilities

If the seller of this property located at 1007 Virginia Dare Trail in Kill Devil Hills has provided the expenses, you will see them below, as provided by the listing agent. If there are no expenses listed, give Shore Realty of the OBX a call and let us do the research for you. It helps to know! Local 252-441-3416 or 800-647-1868. OBX Local experts here to help you!

Association Fee Y/NNo
Tax Year2014
Property Taxes$14,593
Flood Insurance$10,726
Hazard Insurance$8,526
Yearly Expenses Actual/Estimated$8,526
Yearly Cable Expense$819
Yearly Electrical Expense$8,769
Yearly Telephone Expense$744
Yearly Water Expense$2,374
Other Expenses$133
Other Expenses 2$150
Septic/Sewage Fee$600
Pool/Spa Expense$3,100
Total Expenses$35,941

Financial's

Rental Cottage NameJust Peachy
Rental Cottage #KD1007
Rental Turnover DaySAT
Furniture Available ?Yes
Furniture Price/Bill Of Sale Amount$1
Potential Short Sale Y/NNo
Bank Owned Y/NNo
Associated Document Count7

Rental Income

This section will only apply to homes already in a some type of rental program. If the property located at 1007 Virginia Dare Trail is used as a vacation rental home or as a year round rental, you will see the income listed below if provided by the seller's agent. A lack of rental numbers does not necessarily mean the property is not rented out. For more call 800-647-1868 and we can get you the actual rental numbers.

Yearly Income Actual/EstimatedActual
Gross Annual Rental Income$318,908
Gross Income 2013 $$318,908

Listing Agent Remarks

Consistently produces 35 bookings which yields $280,000 in net rental income (before commissions), $257,000 net to Owners AFTER commissions. These are actual rents, not estimates. This majestic 10BR home is located on one of the largest and most desirable properties on the Outer Banks with nearly 25,000 sf of land and with no house directly next door to the north, expansive uninterrupted views of the Atlantic to the east, over 400 acres of open park land surrounding the Wright Brothers Memorial to the west, and only other multi-million dollar estates to the south; far from multiple condominium complexes and mega time share units. This beautiful Florez & Florez designed home is located in Millionaire Row, and has the expanse that you are looking for, the outside as inviting as the inside with water fall fed heated pool, cabana area with sauna, wetbar, full bath, TV, stone fireplace, refrigerator, intercom, and roof deck. Compare Just Peachy to any 12 or 13 bedroom property and you will see it out performs them while saving you the expense of maintaining larger square footage properties. With fewer guests allowed per week, your expenses are much lower: You do not have to outfit as many bedrooms, cleaning costs, painting, repairs, maintenance, supplies, heating and cooling, all utilities are less and considerable fewer calls from the management company to deal with. There is no downside side to how this works, just a win for you. See Broker notes for the detailed description of each level of the home. Renters absolutely LOVE this home - check out COMPLETE DETAILS AND RENTAL REVIEWS AVAILABLE AT: www.justpeachyobx.com

Directions

Official MLS Disclaimer

The data relating to real estate for sale on this web site comes from the Broker Reciprocity Program of the Outer Banks Association of REALTORS. This property located at 1007 Virginia Dare Trail in Kill Devil Hills is provided courtesy of Rick Drumm of Outer Banks Consulting. Information is believed to be accurate but is not warranted. Copyrighted by Outer Banks Association of REALTORS. All Rights Reserved. IDX information is provided by Shore Realty of the OBX exclusively for consumers, personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. If this page disappears from this site it means the property at 1007 Virginia Dare Trail in Kill Devil Hills is no longer available for sale. If you are interested in this property or have any questions about buying or selling real estate on the Outer Banks call Shore Realty. Local 252-441-3416 or 800-647-1868.

Schools

The school systems on the Outer Banks are never lacking for money. With most of the property owners living out of town, there is a disproportionate amount of tax money available to the schools, the result is lots of money spent per pupil.

We have 2 county school systems on the OBX, the Currituck County School System for residents of Corolla and the Currituck Mainland AND the Dare County School System for residents of the beach's from Duck south through Nags Head to Hatteras Island, Manteo and the Dare County Mainland.

Looking for more info about this property or another OBX properties? We can answer all your questions. Call DIRECT 800-647-1868 or fill out this form and let us know what you need, so we can start to help. It is easier than you think.




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