Shore Realty Outer Banks Home Sales

MLS #: 99631
4208 S Virginia Dare Trail
Nags Head, NC 27959
Selling Price: $765,000
Asking Price: $799,000
Closing Date: 5/15/2018
Status: Sold CO OP by Member
Status Date: 5/16/2018



Listing Information

HeadlineGross Rents of $109K, Views !!
AreaNags Head between hwys
Beds8
Full Baths8
Partial Baths3
Asking Price$799,000
Price Date5/16/2018
Original Asking Price$799,000
Price Per Square Foot$212
Days On Market29
Cumulative Days On Market29
Days On MLS29
Cumulative Days On MLS29
Listing Date3/13/2018
Listing TypeExclusive Right Sell
Input Date Date3/13/2018
Update Date5/16/2018 7:00:00 PM
Sale Or RentFor Sale
OwnershipO
Primary Residence Y/NN

Building Details

TypeSingle Family - Detached
ClassRESIDENTIAL
StyleReverse Floor Plan,Coastal
Year Built2001
Heated Living Area3769
Air ConditoningCentral,Heat Pump
HeatingCentral,Heat Pump
AppliancesDishwasher,Dryer,Microwave,Range/Oven,Refrigerator w/Ice Maker,Washer,2nd Dishwasher,2nd Refrigerator
GarageCarport
Interior Features9' Ceilings,All Window Treatments,Cathedral Ceiling(s),Gas Fireplace,Master Bath,Pantry,Walk in Closet,Wet Bar
ExtrasCeiling Fan(s),Covered Decks,Hot Tub,Outside Shower,Sun Deck,Tiki Bar
Floor CoveringsCarpet,Tile,Vinyl,Wood,Hardwood
AppliancesDishwasher,Dryer,Microwave,Range/Oven,Refrigerator w/Ice Maker,Washer,2nd Dishwasher,2nd Refrigerator
ConstructionFrame,Wood
RoofAsphalt/Fiber Shingle
Pool Y/NYes
Pool TypeIn Ground,Private Pool
ExteriorLap Siding,Cement Fiber Board
FoundationPiling,Slab
Optional RoomsFoyer,Game Room,Pantry
Optional RoomsFoyer,Game Room,Pantry

Lot Details & Legal Description

Address4208 S Virginia Dare Trail
Unit/Lot #Lot # 72
SubdivisionOld Hotel Lots
Full Subdivision NameOld Hotel Lots - DB 15-219
CountyDare
CityNags Head
StateNC
Zip27959
Deed Page0032
Deed Book1632
Doc Timestamp4/10/2018 3:51:00 PM
Pin Number989108988133
Tax Database ID4
Tax Property ID989108988133
Lot Square Feet12500
Lot Size/Dimensions50 x 250
Lot FacesE
Street Frontage50
View DescriptionOcean
Distance To WaterSemi-Oceanfront
Zoningres
Flood ZoneAE
ParkingUnder
RoadsPaved,Public

Property Expense & Utilities

Association Fee Y/NNo
Tax Year2017
Property Taxes$5,834
Flood Insurance$914
Yearly Electrical Expense$4,215
Water SourceMunicipal
Yearly Water Expense$1,025
Septic Disposal SystemPrivate Septic

Financial's

Rental Cottage NameCasino Ridge
Rental Cottage #JR21
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 Count4

Rental Income

This section will only apply to homes already in a some type of rental program. If the property located at 4208 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.

Listing Agent Remarks

Very popular vacation rental property, with great 2017 rental gross rental income of $109,000, $93,000 owners income, creating a lucrative 11.6% rental income ratio. True positive cash flow property!! Sturdy and high & dry, this "Casino Ridge" Semi-Oceanfront home offers superior wide open Ocean Views, a comfortable, well designed floorplan, with 8 bedroom, 8 full baths, 3 half baths, rec room, private pool, and ample decking. Bright open floorplan, wide open great room, with all the modern features, while enjoying the Historic Old Nags Head atmosphere. This home offers much better than average Semi-Oceanfront views, due to the higher elevation of the home, and the wide lots in this area, providing great ocean views from two levels. (Not subject to your typical tight row 50' wide oceanfront lots , large oceanfront homes, or hotel view obstructions) Features include all master bedrooms, oak hardwood floors in great room, hallways, and several bedrooms, oak stair treads, solid pine interior doors, tile flooring in kitchen and all baths, open bright great room, rec room with pool table & wet bar, all 8 master bedrooms, nice pool area with Tiki Bar, and extra wide decks on two levels, to spread out and soak in the views. Wider than your average 50' width home and lot. All in convenient and historical Nags Head location, walking distance to Jockey's Ridge and several restaurants and shops, utilizing the NH bike path if desired. This home is a fan favorite, easy to own, with proven rentals on the books! Secure this large, quality, great Ocean View property now, while interest rates are low.

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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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