Shore Realty Outer Banks Home Sales

Listing Details For 8217 B Old Oregon Inlet Road in Nags Head


MLS #: 79019
8217 B S Old Oregon Inlet Road
Nags Head, NC 27959
Selling Price: $605,000
Asking Price: $649,900
Closing Date: 11/18/2013
Status: Sold CO OP by Member
Status Date: 11/19/2013



Listing Information

Headline9% Gross Return
AreaS. N.H. East/Old Oregon R
Beds5
Full Baths4
Partial Baths0
Asking Price$649,900
Price Date11/19/2013
Original Asking Price$699,950
Price Per Square Foot$298
Days On Market194
Cumulative Days On Market194
Days On MLS194
Cumulative Days On MLS194
Listing Date5/8/2013
Listing TypeExclusive Right Sell
Input Date Date5/8/2013
Update Date11/19/2013 7:48:00 PM
Sale Or RentFor Sale
OwnershipO
Primary Residence Y/NN

Building Details

TypeSingle Family - Detached
ClassRESIDENTIAL
StyleTraditional
Year Built1992
Heated Living Area2182
Air ConditoningCentral
HeatingElectric,Forced Air
AppliancesDryer,Microwave,Range/Oven,Refrigerator,Washer
Interior FeaturesGas Fireplace,Master Bath
CountertopsLaminate
ExtrasBoardwalk to Beach,Covered Decks,Elevator,Handicap Friendly,Jet Tub
Floor CoveringsCarpet,Ceramic Tile,Vinyl
AppliancesDryer,Microwave,Range/Oven,Refrigerator,Washer
ConstructionFrame
RoofAsphalt/Fiber Shingle
ExteriorShakes
FoundationPiling

Lot Details & Legal Description

Address8217 B S Old Oregon Inlet Road
SubdivisionBodie Isl Beach
CountyDare
CityNags Head
StateNC
Zip27959-
Deed Page0244
Deed Book1635
Doc Timestamp9/10/2013 3:33:00 PM
Pin Number080020900659
Tax Database ID4
Tax Property ID080020900659
Lot Square Feet8000
Lot DescritionBeach Frontage
View DescriptionOcean
Distance To WaterOceanfront
ZoningRes
Flood ZoneVE
ParkingUnder
RoadsUnpaved

Property Expense & Utilities

If the seller of this property located at 8217 B Old Oregon Inlet Road in Nags Head 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 Year2012
Property Taxes$2,354
Flood Insurance$476
Hazard Insurance$3,860
Yearly Expenses Actual/Estimated$3,860
Yearly Cable Expense$2,000
Yearly Electrical Expense$2,000
Water SourceMunicipal
Yearly Water Expense$1,200
Other Expenses$150
Septic Disposal SystemPrivate Septic

Financial's

Rental Cottage NameOur Wildest Dreams
Rental Cottage #456
Rental Turnover DaySaturday
Finance OptionsCash,Conventional
Furniture Available ?Yes
Furniture Price/Bill Of Sale Amount$1
PossessionAt Closing
Potential Short Sale Y/NNo
Bank Owned Y/NNo
Associated Document Count4

Rental Income

This section will only apply to homes already in a some type of rental program. If the property located at 8217 B Old Oregon Inlet Road 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$60,000
Current Rental Income Amount$59,118
Current Rental Year2011
Gross Income 2013 $$60,275
Gross Income Year To Date$63,438

Listing Agent Remarks

9% gross return on investment at this price! Oceanfront, handicap friendly with an elevator. Well maintained traditional layout with three levels of space starting with a private den and bedroom/full bath on the bottom level; a second level that provides an additional bedroom/bath, living/dining area with ocean views opening to a spacious kitchen and sun deck; on the top level, we find two additional guest bedrooms with a shared hall bath, and an incredible master suite overlooking the ocean and Jennette's Pier. Rentals are consistent with solid bookings May-October grossing $60,000 a year. New kitchen flooring this year, new cabinets in 2011, HVAC & elevator checked annually with no issues for 2013. A rare find with panoramic ocean views at a great price within walking distance to Jennette's Pier.

Directions

South on Beach Rd to Old Oregon Inlet Rd just past Jennette's Pier on the left.

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 8217 B Old Oregon Inlet Road in Nags Head is provided courtesy of Rachel Neal of Joe Lamb, Jr & Associates. 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 8217 B Old Oregon Inlet Road in Nags Head 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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