What is foreclosure and why Outer Banks is a good place for buying bank-owned property?
Foreclosured homes, also known as Bank-owned, REOs, Repos, have been repossessed by the lender, the debt has already been offered at the courthouse steps and the lender has now hired a real estate... Read more
Search Outer Banks Short Sale Listings
posted by: John Dean
Tuesday 3rd of August 2010 12:50:24 PM
What is a short sale and why Outer Banks is a good place for buying distressed property?
A short sale is explained in detail in our Buyer Guide, but basically involves a seller selling a property "short" of the net amount needed to pay off the mortgage. "Distressed, Underwater, Upside down and nega... Read more
Foreclosures, Search the Outer Banks MLS free with no registration required. See Homes for Sale - Nags Head, Duck, Corolla, Hatteras, Kitty Hawk, Manteo, Kitty Hawk and Kill Devil Hills.
THE BLUE CRAB – OCEANFRONT COTTAGE w/ INCREDIBLE OCEAN VIEWS!! House and deck under repair, should be complete first week of June. Get ready to enjoy your self in this charming beach house with Hardwood floors and a vaulted ceiling in open kitchen, dining and living room area ALL overlooking the OCEAN. Rental Income of $39,430 in 2008, that is over 11% ROI! This house is a favorite with many renters, and it is not hard to see why. Fourth room upstairs used as bedroom by owner. Bright and colorful furniture and furnishings add to the beach experience of this rare opportunity. Ground floor enclosure not included in heated living SQF has the 3rd bathroom and is locked off from renters and agents. 2008 New Septic system permitted for 3 bedrooms by Dare County Health Department, noted as 4 bedrooms by Town of Nags Head. Great Owner Financing opportunity!!
23009 G.A. Kohler Court , Rodanthe, 27968
Price: $ 325,000
Beds: 4
Full Baths: 2
RIGHT ON THE BEACH! Excellent Rental Income Producer. 4 Bedroom, 2 Bathroom "classic beach cottage". Call for more specific details.
23292 Beacon Road , Rodanthe, 27968
Price: $ 325,000
Beds: 4
Full Baths: 2
Panoramic Ocean Views from both floors. This is a cute beach home and has been kept nicely by the current owners. Although no repairs will be made by them the home is offered in as is condition. Cash Buyer Only.
101 Jay Crest Road , Duck, 27949
Price: $ 325,000
Beds: 5
Full Baths: 3
Spacious 5 bedroom bargain in Duck - Come see the potential. Original structure (top floor) moved to this site in 2001. New in 2001: ground floor enclosed, piling foundation, septic system, 9x40 sundeck, two HVAC air handlers. Rubber membrane roof-new in 2004. One HVAC outside unit replaced in 2006. Top floor doors and windows new in 2009 except two fixed glass units in living room. Gutters new in 2009. Ground floor interior paint new in June 2010.
9601 D Old Oregon Inlet Road , Nags Head, 27959
Price: $ 345,000
Beds: 4
Full Baths: 3
This home is part of a duplex and this is the south unit. OCEANFRONT, spacious, well maintained, great rental income, these are request that a buyer is looking for. This property is owned by a four unit condo association and the water utility for the 4 units is paid thru the condo dues. Hot tub is located on the west deck for more privacy. Huge oceanfront master bathroom with large garden tub. This price for an oceanfront location offering this much square footage is going to be hard to beat and the great rental income is going to be a bonus.
5132 Birch Lane , Kitty Hawk, 27949
Price: $ 349,900
Beds: 3
Full Baths: 2
ANOTHER PRICE REDUCTION - THIS GEM JUST GOT EVEN BETTER! Absolutely a BEAUTIFUL COTTAGE! New renovation with a modern OPEN floor plan! This cottage home has the desired Old Nags Head Style to it with charm at every corner. Newly stained exterior, freshly painted inside, updated kitchen and new carpet throughout for your Buyers! The Master Suite is situated downstairs and gentlely separate from the other two bedrooms. The screened in porch is directly off the Master Bedroom to allow for a great start of a new day! Visit www.heronsobx.com! Furnishings negotiable.
114 Altoona Street , Nags Head, 27959
Price: $ 350,000
Beds: 4
Full Baths: 2
Full Baths:
semi-oceanfront in South Nags Head- H plan -good rental history and owners are motivated!!!! Vinyl exterior for easy maintanence
220 Ocean Acres Drive , Kill Devil Hills, 27948
Price: $ 379,000
Beds: 8
Full Baths: 6
**INVESTORS ALERT** Primary Multi-family investment - 4 Units each 2 bedrooms 1,5 bath, centrally located in Kill Devil Hills. Rents equal $3,600 per month - Room to add 2 more units which should bring total rents to $5,000 per month. Owners shed on property. Ideal investment for employer for employees. Community septic included in Water bill. All Units are rented and have long-term consistent renters. Annual return on investment with 2 added Units built equals 13.33%. This is a great investment! Annual Rents 2007 - $40,800, 2008 - $40,800, 2009 - $38,400 some units are for employee housing. Updates include: NEW Outdoor paint 2009, Roof 3 yrs. old, Waterheaters & toilets replaced in 2007, 2 NEW Air handlers in the last 4 years. No vacancy in the last 3 years. Total insurance cost $3,000. Community septic and water (not private). Currently 4 parking spaces per unit. Rental projection non employee $900/mo/with 4 units=$43,200 Rental projection with 2 additional units $900/mo/with 6 units= $64,800. Sellers are motivated and will consider all Offers.
3723 Virginia Dare Trail , Kitty Hawk, 27949
Price: $ 385,000
Beds: 3
Full Baths: 2
Full Baths:
Completely renovated in 2007. Cute well built cottage directly across from John's Drive-in. Never any storm damage. Great $30-32k income vacation home complete with furniture, tv, and everything. Long list of improvements like new windows, new heat pump, new roof, new doors and more. Two lots, septic lines are on empty lot to the south.
41167 Lakeside Drive , Avon, 27915
Price: $ 449,000
Beds: 5
Full Baths: 5
Second home, owners in town, please call to show, 24 hr notice preferred. Great condition, quality, well furnished home, on a premier lakefront 'point' homesite within Kinnakeet Shores. Lake, Ocean, & Sound Views from abundant decking. Great setting on pool deck with water all around. Custom floorplan offers open & bright living areas, large top floor master bedroom with walk in closet; mid level features open foyer, 3 masters, rec room w/ wet bar; ground floor offers laundry room, master bedroom, rec room. Roomy home with tons of storage. Quality furnishings in great condition, fully furnished and rental ready. Hardiplank, solid pine int. doors, tile accents, nice trim, fireplace, concrete pool, built-ins, stairtamer, etc. Tons of covered, uncovered, and loft decks, hot tub, large pool area overlooking lake. Buy now, get in rental program if you wish, and you will have a good 2010 year. Rental Projection in ass. docs. This turn-key home will be a pleasure to show and own!