Listing Details For 8229 Old Oregon Inlet Road in Nags Head


MLS #: 102644
8229 S Old Oregon Inlet Road
Nags Head, NC 27959
Selling Price: $1,155,000
Asking Price: $1,199,000
Closing Date: 1/7/2019
Status: Sold CO OP by Member
Status Date: 1/7/2019



Listing Information

Headline133,975 2018 Income!
AreaS. N.H. East/Old Oregon R
Beds10
Full Baths7
Partial Baths2
Asking Price$1,199,000
Price Date1/7/2019
Original Asking Price$1,199,000
Price Per Square Foot$271
Days On Market7
Cumulative Days On Market191
Days On MLS7
Cumulative Days On MLS190
Listing Date11/9/2018
Listing TypeExclusive Right Sell
Input Date Date11/9/2018
Update Date1/7/2019 8:24:28 PM
Sale Or RentFor Sale
OwnershipO
Primary Residence Y/NN

Building Details

TypeSingle Family - Detached
ClassRESIDENTIAL
StyleContemporary,Reverse Floor Plan,Coastal
Year Built1999
Heated Living Area4430
Air ConditoningHeat Pump,Zoned
HeatingElectric,Heat Pump,Zoned
AppliancesDishwasher,Dryer,Microwave,Range/Oven,Refrigerator w/Ice Maker,Washer,2nd Dishwasher,2nd Refrigerator,Wine Cooler
Interior FeaturesCathedral Ceiling(s),Dryer Connection,Gas Connection,Gas Fireplace,Ice Maker Connection,Master Bath,Pantry,Washer Connection,Wet Bar
CountertopsMarble,Solid Surface
ExtrasBeach Access,Boardwalk to Beach,Ceiling Fan(s),Central Vacuum,Covered Decks,Fenced Yard,Hot Tub,Jet Tub,Outside Lighting,Outside Shower,Patio,Smoke Detector(s),Sun Deck,Dry Entry
Floor CoveringsTile,Wood Laminate
AppliancesDishwasher,Dryer,Microwave,Range/Oven,Refrigerator w/Ice Maker,Washer,2nd Dishwasher,2nd Refrigerator,Wine Cooler
ConstructionFrame,Wood
RoofAsphalt/Fiber Shingle
Pool Y/NYes
Pool TypeOutdoor,In Ground,Fiberglass,Private Pool
ExteriorVinyl
FoundationPiling,Slab
Optional RoomsFoyer,Game Room
Virtual TourFoyer,Game Room

Lot Details & Legal Description

Address8229 S Old Oregon Inlet Road
Unit/Lot #Lot # 54
SubdivisionBodie Isl Beach
CountyDare
CityNags Head
StateNC
Zip27959
Deed Page0182
Deed Book1572
Doc Timestamp11/13/2018 2:19:00 PM
Pin Number080020900398
Lot Square Feet18000
Lot DescritionBeach Frontage,Level,Water Frontage
View DescriptionOcean
Distance To WaterOceanfront
ZoningRES
Flood ZoneVE
ParkingParking Lot,Paved
RoadsPaved,Public

Property Expense & Utilities

If the seller of this property located at 8229 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 Year2018
Property Taxes$9,490
Water SourceMunicipal
Septic Disposal SystemPrivate Septic

Financial's

Rental Cottage NameSerenity
Rental Cottage #526-B
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 Count12

Rental Income

This section will only apply to homes already in a some type of rental program. If the property located at 8229 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.

Listing Agent Remarks

One of the most sought after locations in all of South Nags Head with a highly vegetated stable dune for extra protection from Nor'easters. Located along a 4 mile stretch of private oceanfront beaches. This 10 bedroom investment home generated 10% GRI in 2017 and already has $133,975 on the books for 2018 (12% return). Seller limits rental weeks, so investor buyer could open all spring and fall calendar to generate higher income. Recent upgrades include; stainless steel appliances, updated baths, and newer laminate flooring in great room. The views from the top level are outstanding with lots extra windows to add an abundance of natural light. The floor plan is open and spacious, perfect for a large crowd to gather. Top Level includes; great room with amazing ocean and beach views, gas fireplace (not connected), dining table seats 16 to 18, wet bar with custom cabinets & wine cooler, and 2 master suites. Mid Level: Large open main entry, 5 bedrooms, 2 with private access to east side deck with hot tub. Ground Level: Huge game room with wet bar, full size 2nd refrigerator, microwave, and dishwasher. 3 Bedrooms, full shared hall bath, jack and jill bath, and 1/2 bath accessible from pool, and a 12x32 private pool. In 2017 Serenity generated $120,910, and 2016, over $124,000. Already $133,975 on the books for 2018. Consistent income producer and perfect for any investor. BRAND New Quartz countertops being installed in Kitchen, Wet bar area on Top Level, and countertop on ground level in game room.

Directions

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 8229 Old Oregon Inlet Road in Nags Head is provided courtesy of Heather Vandermyde. 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 8229 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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