Property Images: 
MLS# 99654: RARE Historic District Offered
Asking Price: 
360,000
Subdivision: 
R B Etheridge
Unit/Lot #: 
Lot 20
4038 S Virginia Dare Trail Nags Head, NC 27981
Lot 20
Waterfront: 
Oceanside
Area: 
Nags Head

Information

Property recently subdivided to just Lot 20 so 2017 TAXES still reflect both lots, new value shown on Dare parcel sheet $253,600 est tax comes to apprx $1945 for Town & Dare. Land owned by nine cousins find in broker notes as TIC & Sellers are filing Restrictive Covenant on Lot limiting to single family residential usage. Covenant will be added to assoc docs once complete, currently being drafted. C-2 Zoning Highest & Best use Residential.

Lot per Town planning will support up to 3499 sq foot.

Recent comps were half the size of this lot! Resort rental projections soon added in docs, reflect conservative estimate 5 BR with pool potential 56-59k.

Area
Nags Head between hwys
Subdivision
R B Etheridge
Unit/Lot#
Lot 20
Waterfront
Semi-Oceanfront (2nd row)
Waterfront Location
Semi-Oceanfront (2nd row)
Lot Description
Cleared,Filled
Lot SqFt
15000
Possession
Closing
Roads
Paved
Public
View Description:
Ocean
Park Serv./Preserve
Taxes
$1945
Association Fee Included?
No
Days On Market
131
Listing Agent
Brim Silver
Listing Office
Resort Realty - NH

Request More Information

Marcia Parrott
Senior Associate Broker
Office: 888-364-9144