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2508 South Compass Lane

2508 South Compass Lane, Nags Head, NC 27959
Property in Dare
Sold Jun 29, 2012
$150,000
$220,000 by Beach Mortgage Co Inc
Mortgage Due Apr 01, 2042
Sold Mar 23, 2012
$276,500
$220,000 by Beach Mortgage Co Inc
Mortgage Due Apr 01, 2042
Local assessors in Nags Head, NC have categorized 2508 South Compass Lane as a residential type of property. The home was built in 1987 and is 37 years old. The property's lot size has been calculated to be 10,000 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a Cape Cod style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2508 South Compass Lane has a total of 1,943 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The building has a gable or hip style roof that was made of asphalt. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with electricity. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2508 South Compass Lane sold most recently in Jun 29, 2012 for a total of $150,000. If you work out the math, that's approximately a cost of $77.20 per sqft. Before that, the property was also sold for $276,500 in Mar 20, 2012. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $2,328 in taxes each year. 2508 South Compass Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $318,700. If we break it down further, the land itself was valued at $108,500. Improvements to the property, however, were assessed at a total of $210,200. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Cape Cod
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Floor Cover: Vinyl
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,000
  • Total Building Area: 1,943
  • Building Area: 1,943
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,943
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NAGS HEAD ACRES SECTION 3
  • Land Acres: 0.23
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT: 122 BLK: SEC: 3 PL: 7 SL: 20

Ownership

  • Current Owner : WAGNER SALLY C
  • Previous Owner : INDEPENDENCE REALTY LLC
  • Owner Before Previous Owner: ASHE DEBORAH PEARCE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dare County Schools
  • Census Tract: 970400

Geography

  • Assessors Map Reference: MB: 7
  • Account Number: 989205197509
  • District: 14
  • Section: 3
  • Parcel: 029104122
  • Lot: 122
  • Municipality: NAGS HEAD
  • Latitude: 35.9834
  • Longitude: -75.6474

    Address

  • Full Address: 2508 S Compass Ln
  • Legal Unit: 1
  • Address - House Number: 2508
  • Street Direction: S
  • Address - Street Name: Compass
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Nags Head
  • Carrier Code: R001
  • 4-Digit Zip Code: 9523
  • Zip Code: 27959

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,328

    Appraisal Valuation

  • Standard Deviation: 0.2356
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 67
  • Final Value: 465,269
  • High Value: 574,911
  • Low Value: 355,627

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $220,000
  • First Open Lien Mortgage Lender: BEACH MORTGAGE CO INC
  • First Open Lien Mortgage Recording Date: Mar 23, 2012
  • First Open Lien Mortgage Loan Amount: $220,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2042

    Market Valuation

  • Market Total Value: $318,700
  • Market Land Value: $108,500
  • Market Improvement Value: $210,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $318,700
  • Assessed Land Value: $108,500
  • Assessed Improvements Value: $210,200

    Sales

  • Current Sale Contract Date: Jun 29, 2012
  • Current Sale Recording Date: Jun 29, 2012
  • Current Sale Transaction ID: 1125527260
  • Current Sale Price: $150,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 6312998
  • Previous Sale Recording Date: Mar 23, 2012
  • Previous Sale Contract Date: Mar 20, 2012
  • Previous Sale Amount: $276,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: INDEPENDENCE REALTY LLC
  • First Mortgage Transaction Date: Jun 29, 2012
  • First Mortgage Loan Amount: $80,000
  • First Mortgage Terms: 55
  • First Mortgage Loan Type: Seller take-back
  • First Mortgage Loan Due Date: Feb 28, 2017

    Previous Mortgages

  • Previous Mortgage Lender: BEACH MORTGAGE CO INC
  • Previous Mortgage Transaction Date: Mar 23, 2012
  • Previous Mortgage Loan Amount: $220,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Apr 01, 2042

About Nags Head



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Frequently Asked Questions

What neighborhood is 2508 South Compass Lane located in?
The 2508 South Compass Lane is a located in the neighborhood of Dare in Nags Head, Nags Head.
What is the average sales price for listings in 2508 South Compass Lane?
The average sales price for units in 2508 South Compass Lane is $0 currently.

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