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.
40% below tax value of $208,000. The is a huge lot with excellent views and PRIVATE DEEDED OCEAN ACCESS. Current owner had plans to build a soundside spec home in 2005 but market changed. The lot is filled, level and requires minimal flood insurance - less than $800 annually (AE Elevation 8). Even ground floor will have excellent water views. Large lot can accomadate a huge home if desired - 6 or 7 bedrooms with a pool. Please note, lot does NOT front the highway. This is a very small, private cul de sac with a great beach for the neighborhood, only shared by a 1/2 dozen or so homes. Bike or walk to beach, restaurants and shops nearby. Similarly located homes sell for $600k-$800k. Deed Restricted against commercial, mobile or multi-family.
1015 Lisa Court , Kill Devil Hills, 27948
Price: $ 189,900
Beds: 3
Full Baths: 2
Best short sale deal in Kill Devil Hills westside. This home has been updated... wood and tile floors, new kitchen, windows, roof, paint. Cedar shake siding. Home is on a quiet cul-de-sac in a central KDH location. Short walk to the sound.
219 Windjammer Road , Nags Head, 27959
Price: $ 229,900
Beds: 3
Full Baths: 2
Foreclosure in Nags Head Westside. Excellent opportunity to buy a bank Owned Nags Head Home! Easy walk to enjoy Jockey's Ridge State Park. Quiet, well established neighborhood. Home would make an excellent improvement project by adding TLC.
25204 Sea Isle Shore Lane , Waves, 27982
Price: $ 289,000
Lender Approved Short Sale. Close in 7-10 days with cash. 6 Bedroom capacity, Ocean views, Sound views with upscale homes surrounding. Quiet street in Waves. Huge lot, beautiful beach and very beautiful neighborhood. This is an easy walk to the beach.
10213 Colony South Drive , Nags Head, 27959
Price: $ 300,900
Beds: 4
Full Baths: 2
Nags Head Foreclosure, Bank Owned Home in South Nags Head. Pool, screened porch, fireplace and incredible tikki bar area. Quality remodel job in 2006. Cement fiberboard siding, new floors, paint, spruced up kitchen and decking. This 4 bed 2.5 bath foreclosed home is a perfect Outer Banks family beach house. Affordable and in great condition. One of the best deals - Outer Banks real estate. Easy walk to the ocean, short drive to Nags Head attractions and shopping. Located on a peaceful, quiet street. You will love the beautiful remodelling details inside and out. Tikki Time is fun, warm and full of natural light. The kitchen is set up very well for large family meals. Former owner took hot tub and appliances so they will need to be replaced by buyer. House is otherwise in excellent condition. Tax value by Dare County is $431,000.
11 Spinnaker Drive , Manteo, 27954
Price: $ 305,000
Bank Approved Short Sale. The bank has clearly stated that they will accept no less than $305,000 based on current negotiations. Beautiful Lot on the waterfront in Pirates Cove. Own this gorgeous building site below tax value.
23 Fourth Avenue , Southern Shores, 27949
Price: $ 479,900
Beds: 4
Full Baths: 3
Beautiful, bright and spacious Southern Shores oceanside home. Walk to the ocean, enjoy the peaceful pond views from the screened porch and decks. Everything about this house is outstanding - meticulous lawn, sunny pool area, gorgeous old live oaks skirt the yard! The kitchen is perfect for large parties and meals with a cook island and double oven. Enjoy the patio area complete with a large 5 person hot tub. This wonderful oceanside location allows for an easy walk to the beach with private community beach access and no through traffic. The interior of this home has been lovingly cared for.This house is move in ready for any buyer, no matter how picky! The ground floor has 2 garages and a huge storage and workshop area. Fishermen will have no trouble stowing gear along side bikes, and beach toys. The fireplace on the mid level makes a beautiful focal point of the large, open living area. Perfect for a second home or retirement. This home would rent quite easily as a beach rental also.
27200 Spritsail Court , Salvo, 27972
Price: $ 485,000
Lender approved short sale. Bank has approved sale at this price with a closing before Dec 15th. Excellent location with commanding views of the Nat'l Seashore and Ocean. Just steps to the beach access. This is a premium location in a very upscale subdivision.
25209 Sea Isle Hills Drive , Waves, 27982
Price: $ 599,000
Beds: 4
Full Baths: 4
This is NOT your average beach house! As the rental history reflects, guests LOVE this beautiful home. Built with quality materials and very good craftsmanship, this one is built to last for the very long term. 2x6 stud exterior walls, cypress, maple, pine and juniper trim interior and traditional white cedar shakes outside - all in true Outer Banks style. Built by a highly reputable custom builder this is NOT a CHEAP BOX. If you have an eye for detail, quality and design this home will appeal to you. Tile work and decor was personally overseen by Tiffany at Exotic Homes - one of the area's best known interior designers of high end homes. Tiffany executed the "Hemingway" theme perfectly in this beautiful home. Stunning sunsets at no additional charge! Named "Sea Isle Thrills" because of the unending upgrades in amenities - custom tile, heated salt pool, tikki bar, home theater system, wet bar, 2 large masters, hot tub and private decks. This is the most competitive rental home in its class because of the quality from the floors to the furniture to the sound views. $39,300 consitant rentals with $35,000 booked already in 2009 - as of april 29th. Don't allow your agent to bore you with the same old tired, slapped together beach houses - "Sea Isle Thrills" stands FAR above the crowd. Cheap construction doesn't last in OBX - compare this quality, custom home and you will immediately see HUGE differences.
8235 Old Oregon Inlet Road , Nags Head, 27959
Price: $ 940,900
Beds: 7
Full Baths: 5
Oceanfront Nags Head Foreclosure! Bank Owned Ocean front home for sale with cashflow potential. Comparable homes currently produce $83,000 to $95,000 annually. Ocean views, pool and 7 bedrooms make this a no brainer. The savvy investor can return this home to its full potential easily. The well designed, well constructed home sits on a deep oceanfront lot just south of the new Jennettes Pier project. This area is already the center of Nags Head vacation activity with the huge impact from Jennettes Pier being added. Compare similar oceanfront homes and the value of this property is immediately obvious. Paint, carpet and a little imagination will produce outstanding results and equity.