NOT LISTED FOR SALE

117 Cadwall Rd Corolla, NC 27927

Estimated Value: $2,882,000 - $3,365,000

6 Beds
6.5 Baths
4,362 Sq Ft
$713/Sq Ft Est. Value

Last Sold March 02, 2022

Last sale price $2,581,250 $592 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $17,405/month

152 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Concrete Pool
  • Community Beach Access
  • Home Theater
  • Second Refrigerator

About This Home

As of March 2022

Welcome to Carolina Sunset! Many oceanfront homes have a wonderful view of the ocean and of the sun rising over it in the morning, but only a select few can say that they also have a sunset view. Carolina Sunset is a very rare property in that it provides unobstructed panoramic vistas across the Audubon Society Sanctuary that extend to sweeping big water views of the Currituck Sound and then those magical sunsets! As the owner of this property, you have a multitude of opportunities to enjoy these views from the vast oceanfront and sound side decks. To let you know just special they are, the top-level master bedroom has a private oceanfront sunrise (coffee) deck, and its bathroom has a private sound side sunset (adult beverage) deck! Enjoy your privacy or like room to spread out? This portion of Pine Island is only one property deep which means fewer people on the beach! Moving inside the home, the rooms are very spacious and there are multiple entertainment zones if your crew doesn’t wish to gather in one group. This beautiful home has been lovingly cared for by the Owners; Please see the information in Associated Documents for the extensive list of updates/upgrades. A few other noteworthy items would be that the house is in an X Flood Zone; there is 20’ of Open Space to the North of the property and rental income of $189,180 in 2021 with $206,110 already on the books for 2022! Rental Projection for $221,080 to $235,200 for 2023, see Associated Documents for details. Please checkout Matterport 3D Virtual Tour link or copy and paste this following text into your web browser: https://my.matterport.com/show/?m=sdW5qdB2oBm&mls=1

Last Agent to Sell the Property

Charles Rocknak

Beach Realty & Construction-KH License #123903 Listed on: 09/01/2021

Last Buyer's Agent

Melanie Day

Landmark Sotheby's Internation License #219374

Landmark Sotheby's Internation

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,042

Year Built

  • Built in 2000

Lot Details

  • 0.45 Acre Lot
  • Beach Front
  • 80 Feet of Waterfront
  • Property fronts a private road
  • Lot includes common area
  • Property is zoned SF0

HOA Fees

  • $245 Monthly HOA Fees

Parking

  • Paved Parking

Property Views

  • Ocean
  • Views of a Sound
  • Park or Greenbelt

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Shake Siding
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 4,362 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Bay Window
  • Entrance Foyer
  • Home Theater
  • Library

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Second Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Pool

  • Concrete Pool
  • In Ground Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Municipal Utilities District for Water and Sewer

Listing and Financial Details

  • Tax Lot 264

Community Details

Overview

  • Seaside Management Association, Phone Number (252) 261-1200
  • Pine Island Pud Subdivision

Amenities

  • Common Area

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Tennis Courts
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,042

Year Built

Built in 2000

Lot Details

0.45 Acres

HOA Fees

$245 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Take the 2nd right after you cross the Dare/Currituck County line, which is the first Cadwall Road. Go to the end and the home will be the last driveway on your right before Cadwall Road intersects back with Ocean Trail.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Hot Tub, Jet Tub, Outside Lighting, Outside Shower, Security System, Smoke Detector(s), Sun Deck, Dry Entry
  • Flood Zone: X
  • Headline: Unobstructed Ocean/Sound Views
  • Heated Sq Ft: 4362
  • L V T Date: 09/01/2021
  • Phase: Phase 8
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: SF0
  • Advertised Income 2020: 163290
  • Advertised Income 2021: 189180
  • Advertised Income 2022: 206110
  • Deed Book Pg Number: 530
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C3297
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 6
  • Bedroom 1: Bedroom 1, On Level: 2
  • Bedroom 2: Bedroom 2, On Level: 1
  • Bedroom 3: Bedroom 3, On Level: 1
  • Bedroom 4: Bedroom 4, On Level: 1
  • Bedroom 5: Bedroom 5, On Level: Ground
  • Bedroom 6: Bedroom 6, On Level: Ground
  • Kitchen: Greatroom, On Level: 2
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Plank
  • Foundation: Piling, Slab
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Bay/Bow Window, Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ensuite, Washer Connection
  • Dining Room: Greatroom, On Level: 2
  • Family Room: Rec. Room, On Level: Ground
  • Game Room: Rec. Room, On Level: Ground
  • Living Room: Greatroom, On Level: 2
  • Optional Rooms: Foyer, Library/Study, Media Room
  • Partial Bathrooms: 1
  • Optional Room 1: Den, On Level: 2

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Lap Siding, Shakes, Cement Fiber Board
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Concrete, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean, Park Serv/Preserve, Sound, Salt Marsh
  • Water Frontage: 80

Garage/Parking

  • Garage: Carport
  • Parking: Paved

Utilities

  • Cooling: Heat Pump, Zoned
  • Heating: Electric, Heat Pump, Zoned
  • Septic Fee: 505
  • Sewer/Septic System: Municipal Sewer
  • Water: Municipal

Condo/Co-op/Association

  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 2941
  • Hoa Contact: Seaside Management
  • HOA Contact: 252-261-1200
  • Home Owner Dwelling Insurance: 1580

Lot Info

  • Estimated Lot Sq Ft: 19779
  • Lot Description: Adj. To Common Area, Beach Frontage, Water Frontage
  • Lot Number: Lot 264
  • Estimated Lot Size: 0.45
  • Deed Book: 1382

Rental Info

  • Est Annual Rental Income: 224370
  • Estimated Rental Performance: 0.0869
  • Lease Terms: Weekly
  • Other Expenses: 1270
  • Other Expenses2: 1570
  • Other Expenses3: 296
  • Poolspa Expense: 6450
  • Rental Co: Carolina Designs
  • Rental Cottage Name: Carolina Sunset
  • Rental Cottage Number: 873
  • Rental Phone Number: 252-261-3934
  • Rental Turnover Day: Sunday
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 2168
  • Annual Electric: 4246
  • Annual Water Expense: 1345
  • Rental Contact Email: kip.mcdonald@carolinadesigns.com
  • Rental Contact Name: Kip McDonald for VRA/PMD
  • Rental Contact Phone: 252-261-3934 Ext. 6235

Building Info

  • Year Built: 2000

Tax Info

  • Year: 2021
  • Taxes: 10042

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2021
Closed on
Mar 2, 2022
Sold by
Laura J Fox Trust
Bought by
Chang Young Ho and Chang Jungyeon Sandy
Seller's Agent
Charles Rocknak
Beach Realty & Construction-KH
Buyer's Agent
Melanie Day
Landmark Sotheby's Internation
List Price
$2,988,000
Sold Price
$2,581,250
Premium/Discount to List
-$406,750
-13.61%
Current Estimated Value
$3,109,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$528,339
Avg. Annual Appreciation
4.81%

Purchase Details

Listed on
Jul 10, 2016
Closed on
Sep 29, 2016
Sold by
Polhemus Richard G and Polhemus Tracy M
Bought by
Fox Stephen J and Fox Laura J
Seller's Agent
Danielle Taylor
Keller Williams - Outer Banks
Buyer's Agent
Charles Rocknak
Beach Realty & Construction-KH
List Price
$1,999,500
Sold Price
$1,790,000
Premium/Discount to List
-$209,500
-10.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.03%
Original Mortgage
$1,300,000
Interest Rate
3.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 19, 2011
Sold by
Polhemus Richard G and Polhemus Tracy M
Bought by
Polhemus Richard G and Polhemus Tracy M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chang Young Ho $15,488,000 Gray & Lloyd Llp
Chang Young Ho $2,581,500 None Listed On Document
Fox Stephen J $1,790,000 Attorney
Polhemus Richard G -- Clarke Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fox Stephen J $1,300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/02/2022 03/02/22 Sold $2,581,250 -2.6% $592 / Sq Ft
01/31/2022 01/31/22 Pending -- -- --
01/18/2022 01/18/22 Price Changed $2,650,000 -4.9% $608 / Sq Ft
10/27/2021 10/27/21 Price Changed $2,788,000 -3.5% $639 / Sq Ft
09/29/2021 09/29/21 Price Changed $2,888,000 -3.3% $662 / Sq Ft
09/01/2021 09/01/21 For Sale $2,988,000 +66.9% $685 / Sq Ft
10/12/2016 10/12/16 Sold $1,790,000 -10.5% $421 / Sq Ft View Prior Sale
08/19/2016 08/19/16 Pending -- -- --
07/10/2016 07/10/16 For Sale $1,999,500 -- $470 / Sq Ft
Source: Outer Banks Association of REALTORS®

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 $13,688 $1,859,200 $1,314,400 $544,800
2024 $13,688 $1,859,200 $1,314,400 $544,800
2023 $12,164 $1,859,200 $1,314,400 $544,800
2022 $10,071 $1,859,200 $1,314,400 $544,800
2021 $10,042 $1,628,500 $1,129,600 $498,900
2020 $9,033 $1,628,500 $1,129,600 $498,900
2019 $9,033 $1,628,500 $1,129,600 $498,900
2018 $9,033 $1,628,500 $1,129,600 $498,900
2017 $8,187 $1,628,500 $1,129,600 $498,900
2016 $8,187 $1,628,500 $1,129,600 $498,900
2015 -- $1,628,500 $1,129,600 $498,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 115937

Outer Banks Association of REALTORS®

APN: 127C-000-0264-0000

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