MLS #: 89604
8431 S Old Oregon Inlet Road
Nags Head, NC 27959 | Selling Price: $1,325,000
Asking Price: $1,375,000
Closing Date: 5/26/2016
Status: Sold CO OP by Member
Status Date: 5/27/2016 |
Listing Information
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| Headline | Huge Income Producer!!! |
| | Area | S. N.H. East/Old Oregon R |
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| | Original Asking Price | $1,375,000 |
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| Price Per Square Foot | $296 |
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| Cumulative Days On Market | 252 |
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| Cumulative Days On MLS | 251 |
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| Listing Type | Exclusive Right Sell |
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| Update Date | 5/27/2016 9:47:00 AM |
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Building Details
| Type | Single Family - Detached |
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| Style | Reverse Floor Plan,Cottage |
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| | Appliances | Dishwasher,Dryer,Ice Machine,Microwave,Range/Oven,Refrigerator w/Ice Maker,Washer,2nd Dishwasher,2nd Refrigerator |
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| Interior Features | Cathedral Ceiling(s),Dryer Connection,Gas Connection,Gas Fireplace,Ice Maker Connection,Master Bath,Some Windows Treated,Washer Connection |
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| Extras | Beach Access,Boardwalk to Beach,Ceiling Fan(s),Hot Tub,Jet Tub,Outside Shower,Sun Deck |
| | Floor Coverings | Carpet,Tile,Wood Laminate |
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| Appliances | Dishwasher,Dryer,Ice Machine,Microwave,Range/Oven,Refrigerator w/Ice Maker,Washer,2nd Dishwasher,2nd Refrigerator |
| | Builder | Coastal Construction |
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| | Roof | Asphalt/Fiber Shingle |
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| | Pool Type | In Ground,Gunite,Heated,Private |
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Lot Details & Legal Description
| Address | 8431 S Old Oregon Inlet Road |
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| | Subdivision | Bodie Isl Beach |
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| Doc Timestamp | 4/15/2016 5:43:00 PM |
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| | Tax Property ID | 070908988564 |
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| | Lot Descrition | Beach Frontage,Level,Water Frontage |
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| Distance To Water | Oceanfront |
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Property Expense & Utilities
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| Yearly Cable Expense | $2,916 |
| | Yearly Electrical Expense | $4,614 |
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| | Yearly Water Expense | $1,005 |
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| Septic Disposal System | Private Septic |
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Financial's
| Rental Cottage Name | OBXSCAPE |
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| Rental Turnover Day | Sunday |
| | Finance Options | Cash,Conventional |
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| Furniture Price/Bill Of Sale Amount | $1 |
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| Potential Short Sale Y/N | No |
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| Associated Document Count | 5 |
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Rental Income
This section will only apply to homes already in a some type of rental program. If the property located at 8431 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/Estimated | Actual |
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| Gross Annual Rental Income | $160,000 |
| | Gross Income 2013 $ | $133,809 |
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Listing Agent Remarks
An Investor's dream come true!!! This 10 bedroom oceanfront has everything needed to maximize owner returns.... Sellers have taken very successful steps to use VRBO to source added tenant rentals and passed them on to Sun Realty, their management company. 2016 is another Stellar Year for Earnings!!! Not only does this home have virtually everything an owner or guest would want, but it also perhaps makes better sense on paper than any other listing on the beach! Buy now and still have time to put your personal touches on your own OBXSCAPE! Owners have done numerous repairs and updates during the 2015-16 winter months to ensure that this property is ready to take on the large bookings already in place for the season. Electrical updates, new walkways, Anderson Window sashes, Refrigerator, exterior washing and new bedding are just a few of the new items! Don't miss out on your perfect timing for securing a wonderful home that really brings in the return on investment!!!
Directions
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.
