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5507 South Virginia Dare Trail

5507 South Virginia Dare Trail, Nags Head, NC 27959
Condo in Dare
5507 South Virginia Dare Trail is a condo located in Dare, Nags Head. The building was first built in 1989 and is 35 years old. 5507 South Virginia Dare Trail has a total of 3 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. Separately, the building has a pool! Which is great those who want low-impact workout or those with children! On weekends, residents can enjoy the building's deck. There are 6 closings on record, of which we have matching data for 1 listings. In the past 3 years, a listing in this building will typically remain on the market for about 199 days and tend to sell below the original asking price of $449,500 by 0.33%. Meaning, listings tend to sell at a median of $232 price per square foot. The transaction that took the longest to complete was unit 101B, listed on Jun 30, 2020 for $454,500. This particular unit ultimately sold 199 days later for $453,000. The most recent transaction sold for $490,000 on May 06, 2021. Fun fact, the oldest transaction we have on record took place on Mar 23, 2012. See the full transaction history for 5507 South Virginia Dare Trail below.

Dare, where 5507 South Virginia Dare Trail is located, has a median asking price of $535,000 for condo buildings. Meanwhile, the building itself has a median asking price of $449,500. For interested buyers, that means the building's median asking price is around 0.16% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Block Exterior
Masonry Exterior
Stucco Exterior
Metal Exterior
Wood Exterior

Parking

Off Street Parking
Parking Lot
Paved Parking
Carport
Attached Garage
This property description is generated based on publicly available data.

6 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220302 Unit 103S
03/02/2022
3 Bed
2.5 Bath
1774 ft²
$549,900
bedrooms
3 Bed
bathrooms
2.5 Bath
square feet
1774 ft²
-
-
-
Matt Whelan
Village Realty Holdings, LLC - NH
20210907 Unit 104S
09/07/2021
3 Bed
2 Bath
1925 ft²
$550,000
bedrooms
3 Bed
bathrooms
2 Bath
square feet
1925 ft²
-
-
-
Whitney Hawkins
Re/Max Coastal Associates
20210108 Unit 102S
01/08/2021
3 Bed
2.5 Bath
1830 ft²
$525,000
bedrooms
3 Bed
bathrooms
2.5 Bath
square feet
1830 ft²
-
-
-
-
20200726 Unit 302N
07/26/2020
3 Bed
2.5 Bath
1724 ft²
$599,000
bedrooms
3 Bed
bathrooms
2.5 Bath
square feet
1724 ft²
-
-
-
-
20200630 Unit 101B
06/30/2020
3 Bed
3 Bath
1939 ft²
$454,500
bedrooms
3 Bed
bathrooms
3 Bath
square feet
1939 ft²
$453,000 -0.33%
01/15/2021
Randy Jones
20191011 Unit 101B
10/11/2019
3 Bed
3 Bath
1939 ft²
$464,900
bedrooms
3 Bed
bathrooms
3 Bath
square feet
1939 ft²
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Style: Condo
  • Exterior Walls Type: Combination
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 3
  • Floor Cover: Vinyl
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 95,484
  • Total Building Area: 23,130
  • Building Area: 23,130
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 23,130
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HERON COVE CONDOS
  • Land Acres: 2.192
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: LOT: COMMON PROPERTY BLK: SEC: PL: SL:

Ownership

  • Current Owner : MERRIHEW CHARLES P
  • Previous Owner : FAVOR LAND COMPANY LC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Geography

  • Account Number: 08011831474200
  • District: 14
  • Parcel: 012192999
  • Municipality: NAGS HEAD
  • Latitude: 35.9332
  • Longitude: -75.6099

    Address

  • Full Address: 5507 S Virginia Dare Trl
  • Address - House Number: 5507
  • Street Direction: S
  • Address - Street Name: Virginia Dare
  • Address - Suffix Type: Trl
  • State: NC
  • City Name: Nags Head
  • Carrier Code: R002
  • 4-Digit Zip Code: 8703
  • Zip Code: 27959

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $0

    Appraisal Valuation

  • Standard Deviation: 0.0868
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 92
  • Final Value: 864,708
  • High Value: 939,838
  • Low Value: 789,578

    Market Valuation

  • Market Total Value: $4,326,000
  • Market Land Value: $4,139,600
  • Market Improvement Value: $186,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,326,000
  • Assessed Land Value: $4,139,600
  • Assessed Improvements Value: $186,400

    Sales

  • Current Sale Contract Date: Apr 22, 2021
  • Current Sale Recording Date: May 06, 2021
  • Current Sale Transaction ID: 11841257228
  • Current Sale Price: $490,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 700098402

    Last Sale Mortgage

  • First Mortgage Lender: CALIBER HOME LOANS INC
  • First Mortgage Transaction Date: May 06, 2021
  • First Mortgage Loan Amount: $367,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

About Nags Head



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Nearby Rentals

Unit for rent at

$0 /mo

  • 3 Beds
  • 2 Baths

Frequently Asked Questions

What neighborhood is 5507 South Virginia Dare Trail located in?
The 5507 South Virginia Dare Trail is a condo located in the neighborhood of Dare in Nags Head, Nags Head.
What is the average sales price for listings in 5507 South Virginia Dare Trail?
The average sales price for units in 5507 South Virginia Dare Trail is $449,500 , or $232/sqft. currently.

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