Shore Realty Outer Banks Home Sales

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

HeadlineHuge Income Producer!!!
AreaS. N.H. East/Old Oregon R
Full Baths7
Partial Baths2
Asking Price$1,375,000
Price Date5/27/2016
Original Asking Price$1,375,000
Price Per Square Foot$296
Days On Market252
Cumulative Days On Market252
Days On MLS251
Cumulative Days On MLS251
Listing Date9/17/2015
Listing TypeExclusive Right Sell
Input Date Date9/18/2015
Update Date5/27/2016 9:47:00 AM
Sale Or RentFor Sale
Primary Residence Y/NN

Building Details

TypeSingle Family - Detached
StyleReverse Floor Plan,Cottage
Year Built2001
Heated Living Area4650
Air ConditoningHeat Pump
HeatingHeat Pump
AppliancesDishwasher,Dryer,Ice Machine,Microwave,Range/Oven,Refrigerator w/Ice Maker,Washer,2nd Dishwasher,2nd Refrigerator
Interior FeaturesCathedral Ceiling(s),Dryer Connection,Gas Connection,Gas Fireplace,Ice Maker Connection,Master Bath,Some Windows Treated,Washer Connection
ExtrasBeach Access,Boardwalk to Beach,Ceiling Fan(s),Hot Tub,Jet Tub,Outside Shower,Sun Deck
Floor CoveringsCarpet,Tile,Wood Laminate
AppliancesDishwasher,Dryer,Ice Machine,Microwave,Range/Oven,Refrigerator w/Ice Maker,Washer,2nd Dishwasher,2nd Refrigerator
BuilderCoastal Construction
RoofAsphalt/Fiber Shingle
Pool Y/NYes
Pool TypeIn Ground,Gunite,Heated,Private
ExteriorLap Siding,Vinyl

Lot Details & Legal Description

Address8431 S Old Oregon Inlet Road
Unit/Lot #Lot # 92
SubdivisionBodie Isl Beach
CityNags Head
Deed Page0053
Deed Book1632
Doc Timestamp4/15/2016 5:43:00 PM
Pin Number070908988564
Tax Database ID4
Tax Property ID070908988564
Street Frontage50
Lot DescritionBeach Frontage,Level,Water Frontage
View DescriptionOcean
Water Frontage50
Distance To WaterOceanfront
Flood ZoneAE,VE

Property Expense & Utilities

Association Fee Y/NNo
Tax Year2015
Property Taxes$10,467
Flood Insurance$898
Hazard Insurance$7,440
Yearly Cable Expense$2,916
Yearly Electrical Expense$4,614
Water SourceMunicipal
Yearly Water Expense$1,005
Septic Disposal SystemPrivate Septic
Pool/Spa Expense$3,825


Rental Cottage NameOBXSCAPE
Rental Cottage #545
Rental Turnover DaySunday
Finance OptionsCash,Conventional
Furniture Available ?Yes
Bill Of Sale?Yes
Furniture Price/Bill Of Sale Amount$1
PossessionAt Closing
Potential Short Sale Y/NNo
Bank Owned Y/NNo
Associated Document Count5

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/EstimatedActual
Gross Annual Rental Income$160,000
Gross Income 2013 $$133,809

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!!!


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.

For Immediate Service
252-441-3416 (Local OBX)
800-647-1868 (Toll Free)

Shore Realty of the Outer Banks Inc. - Locally Owned & Operated
252-441-3416 OR 800-647-1868

©1995-2020 Shore Realty