NOT LISTED FOR SALE

Estimated Value: $532,000 - $2,766,000

3 Beds
4 Baths
1,536 Sq Ft
$766/Sq Ft Est. Value

Last Sold May 27, 2022

Last sale price $650,000 $423 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $6,615/month

About This Home

Welcome to Gulls Cottage. If you are looking for a waterfront home with great views (from both levels) and sound access, look no further! This is home is located right in the harbor, next to the sound access. Perfect home for boaters, with the boat dock and boat lift just outside your back door. Imagine sitting by the firepit roasting marshmallows with friends and family or swimming in the harbor to cool off on a hot, sunny day. If you enjoy the sunsets, you can toast the end of a wonderful day looking at the sun hiding behind the horizon. This has been a lovingly maintained second home. Remodeled from top to bottom. The renovation included completely gutting the upstairs area (new kitchen with stainless steel appliances and granite counter tops, half bath, master bath). Full bath was added to the lower level (each bedroom has a private bath). The backyard was transformed to a maintenance free fun zone with a fire pit, new boardwalk along 60+feet of bulkhead, a built-in seating, horseshoe/game area and a new fence. Colington Harbor is a gated community that offers many amenities including: basketball court, boat ramp, sound beach, park, playground, picnic area and for an optional fee, you can enjoy the community pool and tennis courts. Great restaurants, Wright Brothers National Memorial, public library, beach access, skate park, roller rink are less than 5 miles away! Great home in a great neighborhood. Come and see it today!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2022
Closed on
May 26, 2022
Sold by
Gizzi Leo Robert and Aprile Grace
Bought by
Loudon Jean Louise
Seller's Agent
Anna Hunt
Brindley Beach Vacations & Sales - KH
Buyer's Agent
Jeanne-Marie DeStefano
Keller Williams - Outer Banks
List Price
$599,000
Sold Price
$650,000
Premium/Discount to List
$51,000
8.51%
Current Estimated Value
$1,176,579

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$526,579
Avg. Annual Appreciation
16.66%
Original Mortgage
$350,100
Outstanding Balance
$331,831
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$844,748

Purchase Details

Closed on
Jul 7, 2009
Sold by
Hsbc Bank Usa National Association
Bought by
Gizzi Leo Robert and Gizzi April Grace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,520
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 12, 2009
Sold by
Quiggins Nichol
Bought by
Hsbc Bank Usa National Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,520
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 14, 2005
Sold by
Quiggins Richard S
Bought by
Quiggins Nichol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,450
Interest Rate
5.75%
Mortgage Type
Assumption
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Loudon Jean Louise $3,250,500 Sharp Starkey
Loudon Jean Louise $3,250,500 Sharp Starkey
Gizzi Leo Robert $281,000 None Available
Hsbc Bank Usa National Association $251,175 None Available
Quiggins Nichol $196,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Loudon Jean Louise $350,100
Closed Loudon Jean Louise $350,100
Previous Owner Gizzi Leo Robert $224,520
Previous Owner Quiggins Nichol $255,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/27/2022 05/27/22 Sold $650,000 +8.5% $402 / Sq Ft View Prior Sale
04/07/2022 04/07/22 Pending -- -- --
04/06/2022 04/06/22 For Sale $599,000 -- $370 / Sq Ft

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,632 $796,400 $326,400 $470,000
2024 $2,842 $417,500 $210,800 $206,700
2023 $2,842 $451,402 $210,800 $240,602
2022 $2,610 $424,402 $210,800 $213,602
2021 $2,568 $424,402 $210,800 $213,602
2020 $2,563 $424,615 $210,800 $213,815
2019 $1,778 $242,300 $126,900 $115,400
2018 $1,185 $242,300 $126,900 $115,400
2017 $1,736 $242,300 $126,900 $115,400
2016 $1,639 $242,300 $126,900 $115,400
2014 $1,580 $242,300 $126,900 $115,400
Source: Public Records

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