NOT LISTED FOR SALE

Estimated Value: $3,565,000 - $3,959,928

9 Beds
12 Baths
5,664 Sq Ft
$657/Sq Ft Est. Value

Last Sold July 12, 2021

Last sale price $3,300,000 $583 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $21,478/month

27 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Home Theater
  • Community Beach Access
  • Health Club
  • Concrete Pool

About This Home

As of July 2021

Close now and collect the 2021 rental income without the carrying cost! Luxurious and recently renovated Pine Island oceanfront home with panoramic Ocean to Sound views on Pine Island's coveted Salt House Road. With all the updates, this home is PROJECTED TO GENERATE OVER $330,000 IN ANNUAL INCOME. Tons of major upgrades including all NEW siding, NEW roof, NEW HVACs, NEW appliances, resurfaced pool, NEW furniture inside and out, NEW paint and flooring and more! This exquisite home boasts nine bedrooms-all of which are masters with private baths, three half baths, an elevator, private heated pool and hot tub on the oceanside, game room with pool table and shuffleboard, theatre room and private beach access! The gourmet kitchen features granite countertops, stainless steel appliances, double ovens, and a large island with seating. Ocean views throughout! The great room has cathedral ceilings and windows galore to showcase the views and let in natural light, and the tasteful dining area has views of the Atlantic Ocean and of the Currituck Sound that spans for miles over the undeveloped Audubon Protected land to the west boasting amazing sunsets. This home has it all! A sound investment opportunity in the coveted area of South Pine Island with private beach access, and where you're just minutes away from downtown Duck and Corolla. Owners and guests can also enjoy the nearby community amenities including tennis courts, playgrounds, community pools, basketball courts, and access to the Pine Island Swim and Racquet club with indoor tennis. New pictures of the updated exterior and enlarged pool area coming soon.

Last Agent to Sell the Property

Four Seasons Realty

Four Seasons Realty License #177785 Listed on: 04/28/2021

Co-Listed By

Max Konstanzer

Four Seasons Realty License #290410

Last Buyer's Agent

Tim Lancsek

Surfside Realty License #210399

Surfside Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,792

Year Built

  • Built in 2002

Lot Details

  • Beach Front
  • Property fronts a private road
  • Landscaped

HOA Fees

  • $244 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Asphalt Shingled Roof
  • Lap Siding

Interior Spaces

  • 5,664 Sq Ft Home
  • Elevator
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Entrance Foyer
  • Home Theater
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Built-In Oven
  • Built-In Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Tuck Under Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Covered Deck
  • Patio
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot 262

Community Details

Overview

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

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Health Club
  • Tennis Courts
  • Indoor Tennis Courts
  • Community Playground
  • Community Pool
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,792

Year Built

Built in 2002

Lot Details

0

HOA Fees

$244 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Elevator, Hot Tub, Landscaped, Outside Lighting, Outside Shower, Patio, Smoke Detector(s), Dry Entry, Inside Laundry Room
  • Flood Zone: X
  • Headline: EXQUISITE REMODELED OF
  • Heated Sq Ft: 5664
  • L V T Date: 04/29/2021
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: RES
  • Deed Book Pg Number: 489
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C14915
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Countertop Range, Dishwasher, Dryer, Ice Machine, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 9
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Vinyl Tile
  • Full Bathrooms: 9
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Washer Connection, 1st Flr Ensuite
  • Optional Rooms: Foyer, Game Room, Home Theater, Media Room
  • Partial Bathrooms: 3

Exterior Features

  • Exterior: Lap Siding
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Concrete, Heated, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Off Street, Under

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Heat Pump
  • Sewer/Septic System: Community Septic
  • Water: Municipal

Condo/Co-op/Association

  • Association Amenities: Health Club, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Park, Playground
  • Association Fee: Yes
  • Estimated Annual Fee: 2930
  • Hoa Contact: SEASIDE MANAGEMENT
  • HOA Contact: 252-261-1200
  • Home Owner Dwelling Insurance: 1701

Lot Info

  • Lot Description: Beach Frontage
  • Lot Number: Lot 262
  • Deed Book: 1573

Rental Info

  • Est Annual Rental Income: 330890
  • Estimated Rental Performance: 0.1003
  • Flood Expenses: 797
  • Poolspa Expense: 2700
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: The Sound and the Sea
  • Rental Cottage Number: E262
  • Annual Cable TV Expense: 2452
  • Annual Electric: 6500
  • Annual Water Expense: 1500
  • Rental Contact Email: jkavanaugh@twiddy.com
  • Rental Contact Name: Jen Kavanaugh

Building Info

  • Year Built: 2002

Tax Info

  • Year: 2020
  • Taxes: 9792

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2021
Closed on
Jul 9, 2021
Sold by
Rebecca Sansur Michelle and Rebecca Adel Charles
Bought by
Gg Property Investments Llc
Seller's Agent
Four Seasons Realty
Four Seasons Realty
Buyer's Agent
Tim Lancsek
Surfside Realty
List Price
$3,399,000
Sold Price
$3,300,000
Premium/Discount to List
-$99,000
-2.91%
Total Days on Market
27
Current Estimated Value
$3,675,325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$375,325
Avg. Annual Appreciation
2.98%
Original Mortgage
$1,500,000
Outstanding Balance
$987,719
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$2,731,257

Purchase Details

Listed on
Feb 9, 2020
Closed on
Oct 11, 2020
Sold by
121 Salt House Road Llc
Bought by
Sansur Charles Adol and Sansur Michelle Rebecca
Seller's Agent
Jeanne-Marie DeStefano
Keller Williams - Outer Banks
Buyer's Agent
Four Seasons Realty
Four Seasons Realty
List Price
$2,375,000
Sold Price
$2,150,000
Premium/Discount to List
-$225,000
-9.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
86.07%
Original Mortgage
$1,720,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2006
Sold by
Ferrara Steven and Ferrara Erin M
Bought by
121 Salt House Road Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,545,000
Interest Rate
5.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 29, 2006
Sold by
Specialty Funding Llc
Bought by
Ferrara Steven and Ferrara Vincent J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,545,000
Interest Rate
5.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 27, 2006
Sold by
Grimm Linda K
Bought by
Specialty Funding Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,545,000
Interest Rate
5.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Average Value
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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
Gg Property Investments Llc $3,300,000 Gray & Lloyd Llp
Sansur Charles Adol $2,150,000 None Available
121 Salt House Road Llc -- None Available
Ferrara Steven $2,775,000 None Available
Specialty Funding Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gg Property Investments Llc $1,500,000
Previous Owner Sansur Charles Adol $1,720,000
Previous Owner Ferrara Steven $1,545,000
Previous Owner Grimm Linda $515,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2021 07/12/21 Sold $3,300,000 -2.9% $583 / Sq Ft
05/25/2021 05/25/21 Pending -- -- --
04/28/2021 04/28/21 For Sale $3,399,000 +58.1% $600 / Sq Ft
11/03/2020 11/03/20 Sold $2,150,000 -6.3% $380 / Sq Ft
08/31/2020 08/31/20 Pending -- -- --
06/11/2020 06/11/20 Price Changed $2,295,000 -3.4% $405 / Sq Ft
02/09/2020 02/09/20 For Sale $2,375,000 -- $419 / Sq Ft
Source: Outer Banks Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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
2024 $14,511 $1,968,300 $1,277,200 $691,100
2023 $14,511 $1,968,300 $1,277,200 $691,100
2022 $10,651 $1,968,300 $1,277,200 $691,100
2021 $10,653 $1,763,300 $1,097,600 $665,700
2020 $9,792 $1,763,300 $1,097,600 $665,700
2019 $9,792 $1,763,300 $1,097,600 $665,700
2018 $9,792 $1,763,300 $1,097,600 $665,700
2017 $8,874 $1,763,300 $1,097,600 $665,700
2016 $8,890 $1,763,300 $1,097,600 $665,700
2015 $8,890 $1,763,300 $1,097,600 $665,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 114108

Outer Banks Association of REALTORS®

APN: 127C-000-0262-0000