NOT LISTED FOR SALE

Estimated Value: $2,874,000 - $3,191,000

7 Beds
6.5 Baths
4,888 Sq Ft
$623/Sq Ft Est. Value

Last Sold September 04, 2019

Last sale price $1,430,000 $293 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $18,938/month

149 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Heated In Ground Pool
  • Community Beach Access
  • Home Theater
  • Second Refrigerator

About This Home

As of September 2019

OCEANFRONT SOUTH PINE ISLAND WITH UNOBSTRUCTED OCEAN AND SOUND VIEWS. Breath-taking views of both sunrise and sunset from one of the finest and beautifully appointed oceanfront homes! This 7 bedroom, 6 and a half bath with 4 master suites, features its own private beach access, heated pool, hot tub, poolside bar, billiards room with kitchenette, media room, whirlpool tubs, granite counter tops in the kitchen, wood and tile floors, and much more! GREAT rental history--OVER $178K IN ANNUAL RENTAL INCOME. Located in the prestigious Pine Island Community of Corolla which features multiple outdoor pools, tennis courts, playgrounds, walking/biking trails, and more! Recent Finchem home inspection on file. Call for details!

Last Agent to Sell the Property

Four Seasons Realty

Four Seasons Realty License #177785 Listed on: 02/17/2019

Co-Listed By

Robert Konstanzer

Four Seasons Realty License #189406

Last Buyer's Agent

Four Seasons Realty

Four Seasons Realty License #177785 Listed on: 02/17/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,885

Year Built

  • Built in 1997

Lot Details

  • Beach Front
  • Level Lot

HOA Fees

  • $280 Monthly HOA Fees

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Asphalt Shingled Roof

Interior Spaces

  • 4,888 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Home Theater
  • Game Room
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Second Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Sun Deck
  • 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 253

Community Details

Overview

  • Pine Island Pud Subdivision

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,885

Year Built

Built in 1997

Lot Details

0

HOA Fees

$280 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Hot Tub, Jet Tub, Outside Lighting, Outside Shower, Patio, Smoke Detector(s), Sun Deck
  • Headline: Just reduced!
  • Heated Sq Ft: 4888
  • L V T Date: 02/17/2019
  • Roads: Paved
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: RES
  • Deed Book Pg Number: 628
  • 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: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 7
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Wood
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ensuite, Washer Connection, Wet Bar, 1st Flr Ensuite
  • Optional Rooms: Breakfast Nook, Game Room, Media Room
  • Partial Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Park, Playground
  • Association Fee: Yes
  • Estimated Annual Fee: 3364

Lot Info

  • Lot Description: Beach Frontage, Level, Water Frontage
  • Lot Number: Lot 253
  • Deed Book: 766

Rental Info

  • Est Annual Rental Income: 178286
  • Estimated Rental Performance: 0.1247
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Mirage
  • Rental Cottage Number: E253
  • Rental Turnover Day: Sunday
  • Rental Contact Email: Jkavanaugh@twiddy.com
  • Rental Contact Name: Jen Kavanaugh

Building Info

  • Year Built: 1997

Tax Info

  • Year: 2018
  • Taxes: 8885.31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2024
Sold by
Brandt James R
Bought by
Lusters I Realty Llc
Current Estimated Value
$3,197,321

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,620,000
Outstanding Balance
$2,589,022
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$456,435

Purchase Details

Listed on
Feb 17, 2019
Closed on
Aug 27, 2019
Sold by
Lanks David E and Lanks Dale W
Bought by
Brandt James R
Seller's Agent
Four Seasons Realty
Four Seasons Realty
Buyer's Agent
Four Seasons Realty
Four Seasons Realty
List Price
$1,999,000
Sold Price
$1,430,000
Premium/Discount to List
-$569,000
-28.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.60%
Original Mortgage
$1,144,000
Interest Rate
3.7%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 19, 2004
Bought by
Lanks David E
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
Lusters I Realty Llc $3,275,000 None Listed On Document
Lusters I Realty Llc $3,275,000 None Listed On Document
Brandt James R $1,430,000 None Available
Lanks David E $2,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lusters I Realty Llc $2,620,000
Closed Lusters I Realty Llc $2,620,000
Previous Owner Brandt James R $1,144,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2019 09/04/19 Sold $1,430,000 -10.6% $293 / Sq Ft
07/16/2019 07/16/19 Pending -- -- --
04/09/2019 04/09/19 Price Changed $1,599,000 -20.0% $327 / Sq Ft
02/17/2019 02/17/19 For Sale $1,999,000 -- $409 / 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 $13,818 $1,875,100 $1,289,600 $585,500
2023 $13,818 $1,831,900 $1,289,600 $542,300
2022 $9,917 $1,831,900 $1,289,600 $542,300
2021 $9,902 $1,600,900 $1,108,300 $492,600
2020 $8,898 $1,600,900 $1,108,300 $492,600
2019 $8,885 $1,600,900 $1,108,300 $492,600
2018 $8,885 $1,600,900 $1,108,300 $492,600
2017 $8,053 $1,600,900 $1,108,300 $492,600
2016 $8,053 $1,600,900 $1,108,300 $492,600
2015 $8,053 $1,600,900 $1,108,300 $492,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 103764

Outer Banks Association of REALTORS®

APN: 127C-000-0253-0000