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2603 South Bridge Lane

2603 South Bridge Lane, Nags Head, NC 27959
Property in Dare
Sold Sep 30, 2016
$360,500
$286,400 by Bank Of America Na
Mortgage Due Oct 01, 2046
Sold Mar 11, 2016
$80,000
$285,000 by Select Bank & Trust Co
Mortgage
2603 South Bridge Lane has been categorized by the local assessors in Nags Head, NC as a residential type of property. The building on the property was first built in 2016 and is 8 years old. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 2603 South Bridge Lane has 1,802 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 10,000 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a traditional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with electricity. 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, 2603 South Bridge Lane sold most recently in Sep 30, 2016 for a total of $360,500. If you work out the math, that's approximately a cost of $200.06 per sqft. Before that, the property was also sold for $80,000 in Mar 11, 2016. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,283 in taxes each year. 2603 South Bridge Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $400,300. 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 $291,800. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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: 2016
  • Effective Year Built: 2016
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Traditional
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,000
  • Total Building Area: 1,802
  • Building Area: 1,802
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,802
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NAGS HEAD ACRES SECTION 2
  • Land Acres: 0.229
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT: 20 BLK: SEC: PL: 7 SL: 20

Ownership

  • Current Owner : KRAMER JEANNE L
  • Previous Owner : PHILLIP HARRINGTON ENTERPRISES LLC
  • Owner Before Previous Owner: ALEXANDER WILLIAM G
  • Owner Before Previous Owner 2: EVANS CHARLES D
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Geography

  • Assessors Map Reference: MB: 7
  • Account Number: 989205293454
  • District: 14
  • Parcel: 005928001
  • Lot: 20
  • Municipality: NAGS HEAD
  • Latitude: 35.983
  • Longitude: -75.6453

    Address

  • Full Address: 2603 S Bridge Ln
  • Legal Unit: 1
  • Address - House Number: 2603
  • Street Direction: S
  • Address - Street Name: Bridge
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Nags Head
  • Carrier Code: R001
  • 4-Digit Zip Code: 9694
  • Zip Code: 27959

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,283

    Appraisal Valuation

  • Standard Deviation: 0.441
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 11
  • Final Value: 446,174
  • High Value: 642,963
  • Low Value: 249,384

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $286,400
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Sep 30, 2016
  • First Open Lien Mortgage Loan Amount: $286,400
  • 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: Oct 01, 2046

    Market Valuation

  • Market Total Value: $400,300
  • Market Land Value: $108,500
  • Market Improvement Value: $291,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $400,300
  • Assessed Land Value: $108,500
  • Assessed Improvements Value: $291,800

    Sales

  • Current Sale Contract Date: Sep 30, 2016
  • Current Sale Recording Date: Sep 30, 2016
  • Current Sale Transaction ID: 1793032084
  • Current Sale Price: $360,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 700030773
  • Previous Sale Recording Date: Mar 11, 2016
  • Previous Sale Contract Date: Mar 11, 2016
  • Previous Sale Amount: $80,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Sep 30, 2016
  • First Mortgage Loan Amount: $286,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: SELECT BANK & TRUST CO
  • Previous Mortgage Transaction Date: Mar 11, 2016
  • Previous Mortgage Loan Amount: $285,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage

About Nags Head



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Frequently Asked Questions

What neighborhood is 2603 South Bridge Lane located in?
The 2603 South Bridge Lane is a located in the neighborhood of Dare in Nags Head, Nags Head.
What is the average sales price for listings in 2603 South Bridge Lane?
The average sales price for units in 2603 South Bridge Lane is $0 currently.

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