Shore Realty Outer Banks Home Sales

MLS #: 82138
3511 S Virginia Dare Trail
Nags Head, NC 27959
Selling Price: $1,625,000
Asking Price: $1,695,000
Closing Date: 4/23/2014
Status: Sold CO OP by Member
Status Date: 4/23/2014

Listing Information

Headline11%+ GRR and just RENOVATED!
AreaNags Head Oceanside
Full Baths8
Partial Baths1
Asking Price$1,695,000
Price Date4/23/2014
Original Asking Price$1,695,000
Price Per Square Foot$356
Days On Market80
Cumulative Days On Market80
Days On MLS79
Cumulative Days On MLS79
Listing Date2/2/2014
Listing TypeExclusive Right Sell
Input Date Date2/3/2014
Update Date4/23/2014 8:20:00 PM
Sale Or RentFor Sale
Primary Residence Y/NN

Building Details

TypeSingle Family - Detached
StyleReverse Floor Plan
Year Built2003
Heated Living Area4755
Air ConditoningCentral,Zoned
HeatingElectric,Heat Pump,Zoned
AppliancesDishwasher,Dryer,Microwave,Range/Oven,Refrigerator w/Ice Maker,Washer,2nd Dishwasher,2nd Refrigerator,Stackable Washer/Dryer
Interior FeaturesAll Window Treatments,Cathedral Ceiling(s),Dryer Connection,Gas Fireplace,Master Bath,Washer Connection,Wet Bar
CountertopsSolid Surface
ExtrasBeach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Elevator,Hot Tub,Jet Tub,Outside Lighting,Outside Shower,Smoke Detector(s),Sun Deck
Floor CoveringsCarpet,Ceramic Tile,Wood,Hardwood
AppliancesDishwasher,Dryer,Microwave,Range/Oven,Refrigerator w/Ice Maker,Washer,2nd Dishwasher,2nd Refrigerator,Stackable Washer/Dryer
RoofAsphalt/Fiber Shingle
Pool Y/NYes
Pool TypeOutdoor,In Ground,Fiberglass,Heated
Covered DeckOcean View
Sundeck ?Ocean View
Bedroom 1 Level3
Bedroom 1 SizeKing Mst
Bedroom 2 Level 2
Bedroom 2 Size King Mst
Bedroom 3 Level 2
Bedroom 3 Size King Mst
Bedroom 4 Level 2
Bedroom 4 Size Queen
Bedroom 5 Level 2
Bedroom 5 Size 2 Twins
Bedroom 6 Level 1
Bedroom 6 Size King Mst
Bedroom 7 Level 1
Bedroom 7 Size Queen Mst
Bedroom 8 Level 1
Bedroom 8 Size Queen Mst
Living Room Level 3
living Room Size Ocean View
Kitchen Level 3
Kitchen Size Ocean View
Dining Room Level 3
Dining Room SizeOcean View
Game Room Level 2
Game Room SizePool Table
Optional RoomsFoyer,Game Room,Office,Shipswatch
Optional Room 1 Level 3
Optional Room 1 SizeShipswatch
Optional Room 2 Level 2
Optional Room 2 SizeDen/Office
Optional Room 2 SizeDen/Office

Lot Details & Legal Description

Address3511 S Virginia Dare Trail
SubdivisionGeo T Stronach
CityNags Head
Deed Page71
Deed Book1873
Doc Timestamp3/2/2014 7:20:00 PM
Pin Number989215648967
Tax Database ID4
Tax Property ID989215648967
Lot Square Feet14500
Lot DescritionBeach Frontage,Level,Water Frontage
View DescriptionOcean,Park Serv/Preserve
Distance To WaterOceanfront
ParkingPaved,Off Street
Listing Restrictions1031 Tax Deferred Exch.

Property Expense & Utilities

Association Fee Y/NNo
Tax Year2013
Property Taxes$8,312
Water SourceMunicipal
Septic Disposal SystemPrivate Septic


Rental Cottage NameSandcastle
Rental Cottage #485A
Rental Turnover DaySAT
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 Count9

Rental Income

This section will only apply to homes already in a some type of rental program. If the property located at 3511 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$188,157
Current Rental Income Amount$171,616
Current Rental Year2012
Last Year2011
Rental Income Last Year$175,820
Last Year2011
Gross Income 2013 $$188,157

Listing Agent Remarks

RENOVATED...AN INVESTOR'S DREAM...INCREDIBLE OPPORTUNITY TO OWN A 10 BEDROOM OCEANFRONT IN THE HEART OF NAGS HEAD PRODUCING A 11%+ GROSS RENTAL RATIO...ON TRACK TO DO $190,000 FOR 2014! Almost every room in this luxurious home features a stunning Ocean View and the whole house just had a 'FACELIFT' with stunning NEW have to come see for yourself! The reverse floor plan allows you to soak in the Ocean Views while socializing between the spacious open plan Kitchen, Dining, and Living Room area with NEW STAINLESS appliances (2 refrigerators, 2 dishwashers, range/oven and microwave) and NEW BAMBOO FLOORING! Other recent upgrades include: some NEW furniture and bedspreads, NEW outdoor decking furniture, NEW Carpet throughout, and NEW Top Floor AIR HANDLER & HEAT PUMP! The top level master suite is a great escape offering a jetted tub and private balcony overlooking Jockey's Ridge State Park. There is plenty of room to spread out as the property also offers a ships watch off the living area, and a den and game room on the 2nd level. A handicap friendly elevator also makes for quick and easy access to each level. Outside the entertainment options continue to multiply with a 12x30 private, heated fiberglass pool, kiddie pool, 8 person hot tub, grill, and private beach walkway! *PROJECTED POSITIVE CASH FLOW OF ALMOST $9500/MONTH...CONTACT AGENT FOR DETAILS!*


Just South of Nags Head Pier

Official MLS Disclaimer

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 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.

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