8717 S Old Oregon Inlet Road, Nags Head, NC 27959

$770,000
5
BD
4
BA
2,600
SqFt
Sold Price
$770,000
List Price
$799,000
Closing Date
Mar 30, 2020
MLS#
108097
Status
SOLD
Type
Single Family Residential
Property Type
Single Family - Detached
Bedrooms
5
Bathrooms
4
Full-baths
4
Living Area
2,600
Neighborhood
Hollywood Beach

Property Description

You’ll need to see this South Nags Head Oceanfront Best Buy!...2020 is the first season it's open for all seasons!..$54,930 for 2020 already…potential to have $80,000!...based on mid April through October full occupancy!...10% gross return!.. $96,875. advertised rental income projection with an added private pool and hot tub...11.3% gross return! The road to ocean homesite creates a very private feel….it’s like having your own beach! Incredible workmanship by Gibbs Construction. THE HOME HAS NEW PAINTED HARDEEPLANK SIDING, TRIM, SOFFITS, FASCIA, SUN DECKS, RAILINGS, PICKETS, AND TWO STAIRWELLS, PLUS A NEW ARCHITECTURAL ROOF. It’s an ideal vacation rental home. The moment you open the front door and see the dramatic two story foyer, it says welcome with a comfortable, inviting, bright and beachy feel. White Atlantic Cedar accent walls create an Old Nags Head cottage feel. Sit and watch the sunrises, dolphins and beach-goers from the dune-top deck or the wet bar with icemaker!...Vacationers love it!.. RECENT UPGRADES INCLUDE BATH LIGHT FIXTURES, KITCHEN UPGRADES INCLUDING A TILE BACK-SPLASH AND NEWER STAINLESS KITCHEN APPLIANCES, AND NEW LIVING ROOM FURNITURE. A full season rental projection $68,500….add a pool and hot tub and watch the rents soar! 2019 advertised rental income is $56,620 which includes many owner weeks and limited availability. Current survey in associated docs (pool addition will need lot coverage modification). Private walkway to the beautiful re-nourished beaches. Incredible central location with a very short walk to the Outer Banks Fishing Pier and Fish Heads Bar and Grill. Quick drive to the Jennette's Pier, Manteo waterfront, Oregon Inlet, and Cape Hatteras National seashore. Worth taking a look... for price, condition and location, it is a best buy for under $800,000!

Additional Information

Air Conditioning
Central, Heat Pump
Appliances
Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator, Washer
Construction
Frame, Wood
Countertops
Laminate
Siding
Cement Fiber Board
Extras
Beach Access, Boardwalk to Beach, Covered Decks, Jet Tub, Outside Shower, Storage Shed, Sun Deck
Floor Coverings
Carpet, Vinyl
Foundation
Piling
Garage
Carport
Heating
Central, Heat Pump
Interior Features
All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Master Bath, Washer Connection, Wet Bar, Wood Fireplace
Lot Description
Beach Frontage, Water Frontage
Optional Rooms
Foyer
Possession
At Closing
Roads
Paved, Public
Roof
Asphalt/Fiber Shingle
Sewer
Private Septic
Style
Reverse Floor Plan
View
Ocean
Well
Municipal
Zip
27959
Neighborhood
Hollywood Beach
Lot Dimension
50X470
Year Built
1987
County
Dare
Rental Co
Sun Realty
Rental Cottage #
HOB-06
Rental Cottage Name
Serenity
Furnishings Available
Yes
Yearly Expense Act/Est
Actual
Yr Electric Expense
1500
Yr Water Expense
362
Yr Telephone Expense
1025
Yr Cable TV Expense
2496
Insurance Expenses
$956
Flood Expenses
1554

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Outer Banks Blue Realty Srvcs.. Selling Office: OBX Realty Group, LLC.

Listed by Daniel Fenyak

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