NOT LISTED FOR SALE

2601 S Virginia Dare Trail Nags Head, NC 27959

Estimated Value: $1,959,000 - $4,296,000

12 Beds
12.5 Baths
6,108 Sq Ft
$500/Sq Ft Est. Value

Last Sold July 12, 2022

Last sale price $3,100,000 $508 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $18,302/month

29 Days on Market

Highlights

  • Beach Front
  • In Ground Pool
  • Coastal Architecture
  • Ocean View
  • Second Refrigerator
  • Cathedral Ceiling

About This Home

As of July 2022

STUNNNING OCEAN VIEWS in this big beautiful VACATION DESTINATION, within walking distance to shops, restaurants and recreation. With 12 bedrooms, and 12.5 bathrooms, upscale materials and amenities, today's discriminating buyer should realize the income opportunities in the future. From the grand top-level great room with sweeping views of the beach and ocean, to nicely sized bedrooms, each with a private bathroom, two game and TV rooms, this home has been designed and decorated to minimize maintenance and maximize rental potential. Ask for a list of recent updates and previous year expenses.

Last Listed By

Dru Ferrence

Basnight Realty License #174208 Listed on: 04/14/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,960

Year Built

  • Built in 2002

Lot Details

  • Beach Front
  • Property is zoned CR

Parking

  • Off-Street Parking

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Lap Siding
  • Shake Siding
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 6,108 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Entrance Foyer
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Plumbed For Ice Maker
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Pool

  • In Ground Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Septic System

Listing and Financial Details

  • Legal Lot and Block # 12 / 2

Community Details

Overview

  • Nags Head Shores Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,960

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Directions: Directly south of Admiral Street Beach Access
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Elevator, Hot Tub, Outside Shower, Smoke Detector(s), Sun Deck, Inside Laundry Room
  • Flood Zone: AE, X
  • Subdivision Name: Nags Head Shores Amended Sec 2
  • Headline: 12 Bedroom Rental Machine
  • Heated Sq Ft: 6108
  • L V T Date: 04/14/2022
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 2
  • Waterfront Location: Oceanfront
  • Zoning: CR
  • Advertised Income 2022: 343018
  • Deed Book Pg Number: 0542
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C26996
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Range/Oven, Refrigerator, 2nd Refrigerator
  • Bedrooms: 12
  • Countertops: Granite, Solid Surface
  • Floor Coverings: Carpet, Tile, Wood
  • Foundation: Piling
  • Full Bathrooms: 12
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Washer Connection, Wet Bar
  • Optional Rooms: Breakfast Nook, Foyer, Game Room, Shipswatch
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Lap Siding, Shakes, Wood, Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Off Street

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Heat Pump
  • Septic Fee: 1560
  • Sewer/Septic System: Non Conventional Septic
  • Water: Municipal

Lot Info

  • Lot Description: Beach Frontage
  • Lot Number: Lot # 12
  • Deed Book: 2451

Rental Info

  • Est Annual Rental Income: 343018
  • Estimated Rental Performance: 0.1107
  • Flood Expenses: 14239
  • Lease Terms: Weekly
  • Poolspa Expense: 5231
  • Rental Co: Village Realty
  • Rental Cottage Name: The Sun
  • Rental Cottage Number: GR0501
  • Rental Phone Number: 252-480-2224
  • Rental Turnover Day: Saturday
  • Annual Cable TV Expense: 4693
  • Annual Electric: 6968
  • Annual Telephone Expense: 240
  • Annual Water Expense: 2366
  • Rental Contact Email: alyssam@vrobx.com
  • Rental Contact Name: Alyssa McDonald
  • Rental Contact Phone: 252-480-2224

Building Info

  • Year Built: 2002

Tax Info

  • Year: 2021
  • Taxes: 13960.34

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2022
Closed on
Jul 12, 2022
Sold by
Second Sun Llc
Bought by
53Rd & Chestnut Llc
Buyer's Agent
Sarah Pritchard
SAGA Realty and Construction
List Price
$3,390,000
Sold Price
$3,100,000
Premium/Discount to List
-$290,000
-8.55%
Total Days on Market
29
Current Estimated Value
$3,050,947

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$49,053
Avg. Annual Appreciation
3.79%
Original Mortgage
$2,265,000
Outstanding Balance
$2,176,678
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$1,262,442

Purchase Details

Closed on
Mar 12, 2014
Sold by
Sol Llc
Bought by
The Second Sun Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
4.35%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
53Rd & Chestnut Llc $18,600,000 Casey & Robbins Pc
The Second Sun Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 53Rd & Chestnut Llc $2,265,000
Previous Owner The Second Sun Llc $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2022 07/12/22 Sold $3,100,000 -8.6% $508 / Sq Ft
05/13/2022 05/13/22 Pending -- -- --
04/14/2022 04/14/22 For Sale $3,390,000 -- $555 / Sq Ft
Source: Outer Banks Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $15,279 $1,963,800 $696,800 $1,267,000
2023 $15,279 $2,014,480 $696,800 $1,317,680
2022 $8,068 $2,014,480 $696,800 $1,317,680
2021 $13,960 $2,014,480 $696,800 $1,317,680
2020 $8,068 $2,014,480 $696,800 $1,317,680
2019 $9,699 $1,994,400 $609,400 $1,385,000
2018 $9,699 $1,994,400 $609,400 $1,385,000
2017 $9,699 $1,994,400 $609,400 $1,385,000
2016 $8,898 $1,999,800 $609,400 $1,390,400
2014 $8,898 $1,999,800 $609,400 $1,390,400
Source: Public Records

Agents Affiliated with this Home

  • Dru Ferrence

    Seller Co-Listing Agent in 2022

    Dru Ferrence

    Basnight Realty

    (252) 597-5560

    95 Total Sales

    Dru Ferrence
    Section Image
  • Sarah Pritchard

    Buyer's Agent in 2022

    Sarah Pritchard

    SAGA Realty and Construction

    (252) 267-5223

    132 Total Sales

    Sarah Pritchard
    Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 118467

Outer Banks Association of REALTORS®

APN: 005422002

North Carolina Dare County Nags Head 27959

2601 S Virginia Dare Trail, Nags Head, NC

Homes for Sale in Nags Head, NC

This home is located at 2601 S Virginia Dare Trail, Nags Head, NC 27959 since 14 April 2022 and is currently estimated at $3,050,947, approximately $499 per square foot. This property was built in 2002. 2601 S Virginia Dare Trail is a home located in Dare County with nearby schools including Nags Head Elementary School, Manteo Middle School, and Manteo High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Outer Banks Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.