Home for Sale at 8135 S Old Oregon Inlet Road, Nags Head, NC 27959

8135 S Old Oregon Inlet Road
Nags Head, NC 27959

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Property Details

List Price:	$2,060,000
Beds:	8
Baths:	7
Status:	Active
SqFt:	3956
Agency:	Coldwell Banker Seaside Realty

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	--
Notes:	$100K already booked for 2024! Instant Cash Flow at closing! Estimated $200K for 2024 GRI. Get paid NOW for future bookings! If you are looking for a well maintained Nags Head Ocean Front, look no further! Trying to find a high returning, low maintenance investment property, here ya go! The sellers have done all the hard work so that someone can set back and collect the rent! The new landscaping & design will instantly grab your attention before you even pull into the driveway! Great use of space in the front yard allows for volleyball and corn hole for even the largest groups and there is plenty of seating for spectators! The outdoor features of this home dont stop in the front, there is a party in the back! What could be better than a built-in children's pool, an 8-person hot tub, and a heated 14x20 pool situated directly on the oceanfront? For maximum ROI, this home features four (4) primary bedrooms w/private bathroom. The primary bedroom on the top level faces the ocean and features high ceilings and sweeping ocean views and deck access. The main living space with open kitchen gets everyone a front row view of the sea! Ocean views surround the entire top level with lots of seating for dining and relaxing! The mid level consists of five (5) bedrooms and seating area that is currently being utilized as a media space. The ground level is made up of 2 additional bedrooms, a hall bathroom, laundry room, rec room and an ample kitchenette with full size fridge. The rec room has a pool table and lots of seating for relaxing or watching tv! This space opens up to the spacious pool area with lots of covered seating and loungers. A short drive from Kill Devil Hills, Kitty Hawk, Duck, and Manteo there is something for everyone. You and your guests can grab lunch at Fish Heads Raw Bar located on the Outer Banks Pier, or take a day trip south to visit Hatteras Islandâ€™s Shipwrecks of the Atlantic Museum, the Native American museum in Frisco, and tons of shops and restaurants. A short distance north is Jennette's pier and numerous top-rated restaurants and shops such as Black Pelican, Barefoot Bernie's, Owens, Millers Waterfront, Tale of the Whale, Sugar Creek, and Basnight's Lone Cedar. Beach Please is sure to leave you feeling the whole Outer Banks experience.
MlsNumber:	124318

Listing Provided By:	Coldwell Banker Seaside Realty, original listing
Name:	Coldwell Banker Seaside Realty
Phone:	(252) 261-3800
Office Name:	Coldwell Banker Seaside Realty KH
Office Phone:	(252) 261-3800
Agent Name:	Brook Sparks
Disclaimer:	Copyright Â© 2024 Outer Banks Association of Realtors Â®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

USHUD.com is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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