NOT LISTED FOR SALE

159 Salt House Rd Corolla, NC 27927

Estimated Value: $3,214,000 - $4,277,732

6 Beds
5.5 Baths
5,909 Sq Ft
$607/Sq Ft Est. Value

Last Sold October 19, 2020

Last sale price $2,100,000 $355 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $20,219/month

60 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Second Refrigerator
  • Community Beach Access
  • In Ground Pool
  • Dumbwaiter

About This Home

As of October 2020

Oceanfront Beauty in the exclusive Pine Island PUD subdivision. This is the area where there is only a row of Big, Beautiful Oceanfront Homes with nothing in front of them but the Ocean and nothing behind them but the Sound! So you have Spectacular Panoramic Ocean to Sound Views! With 6 Spacious Bedrooms (5 with baths). Huge top floor Great Room with large Breakfast Nook, Separate Dining Area, Large Living area that shares a See Thru fireplace with the Library. Windows, Windows and more Windows facing the Ocean give you Incredible Ocean Views. The first floor has a Game/Family room with its own Kitchenette. There are 2 Bunk Rooms and another Master. There is a Full Bath that also has an Outside Entrance directly to the Outdoor Pool Area. This is a Foreclosure like no other. It is Fully Furnished! The bank spent over $90,000 on renovations and repairs to include Complete Painting Inside and Out, New Carpet, 2 New HVACs, 2 New Garage Doors, all new High Seat Toilets and Much Much more. See associated docs for a more complete list. If you are looking for a Beautiful Oceanfront home in a Rare and Unique Location, That can generate over $200,000 in Rental Income,This is It!!!

Last Agent to Sell the Property

Alex Argiroff

Keller Williams - Outer Banks License #176145 Listed on: 06/21/2020

Keller Williams - Outer Banks

Last Buyer's Agent

Gray Berryman

Carolina Designs Realty License #214315

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,385

Year Built

  • Built in 1998

Lot Details

  • 0.48 Acre Lot
  • Beach Front
  • Landscaped

HOA Fees

  • $253 Monthly HOA Fees

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

  • Contemporary Architecture
  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Piling Construction

Interior Spaces

  • 5,909 Sq Ft Home
  • Central Vacuum
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Entrance Foyer
  • Library
  • Game Room
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom
  • Cedar Closet
  • Walk-In Closet
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • Garage
  • Carport
  • Garage Door Opener
  • Off-Street Parking

Pool

  • 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

  • REO, home is currently bank or lender owned
  • Tax Lot # 243

Community Details

Overview

  • Association fees include common electric, common insurance, grounds maintenance, management, pool, road maintenance, tennis courts, walkways
  • Seaside Management Association
  • Pine Island Pud Subdivision

Amenities

  • Clubhouse

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,385

Year Built

Built in 1998

Lot Details

0.48 Acres

HOA Fees

$253 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan
  • Bank Owned: Yes
  • Directions: Take NC 12 north of Duck about 1/2 mile to Salt House Rd. Go to 159.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Central Vacuum, Covered Decks, Garage Door Opener, Hot Tub, Jet Tub, Landscaped, Outside Lighting, Outside Shower, Patio, Smoke Detector(s), Sun Deck, Dumbwaiter/Lift, Dry Entry, Inside Laundry Room
  • Flood Zone: VE, X
  • Headline: Pine Island Oceanfront WOW!
  • Heated Sq Ft: 5909
  • L V T Date: 06/24/2020
  • Roads: Paved
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: RES
  • Deed Book Pg Number: 110
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C30917
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: 20
  • Property Sub Type: Detached

Interior Features

  • Appliances: Countertop Range, Dishwasher, Microwave, Refrigerator w/Ice Maker, Wall Oven, 2nd Dishwasher, 2nd Refrigerator, Stackable Washer/Dryer
  • Bedrooms: 6
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile
  • Foundation: Piling, Slab
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Cathedral Ceiling(s), Cedar Closet(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Walk in Closet
  • Optional Rooms: Foyer, Game Room, Library/Study
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Lap Siding
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean, Sound

Garage/Parking

  • Garage: 2 Car, Attached
  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Grounds Maintenance, Management, Pool, Road Maintenance, Tennis Courts, Walkways
  • Association Amenities: Clubhouse, Indoor-Comm. Pool, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Park, Playground
  • Association Fee: Yes
  • Estimated Annual Fee: 3036
  • Hoa Contact: Seaside Management
  • HOA Contact: Jeff Shields 252-261-120

Lot Info

  • Estimated Lot Sq Ft: 20909
  • Lot Description: Beach Frontage
  • Lot Number: Lot# 243
  • Estimated Lot Size: 0.48
  • Deed Book: 1478

Rental Info

  • Est Annual Rental Income: 202890
  • Estimated Rental Performance: 0.0966

Building Info

  • Year Built: 1998

Tax Info

  • Year: 2019
  • Taxes: 10385.37

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2020
Closed on
Aug 21, 2020
Sold by
U S Bank Trust Na
Bought by
Weiswasser Elizabeth S and Weiswasser Jonathan M
Seller's Agent
Alex Argiroff
Keller Williams - Outer Banks
Buyer's Agent
Gray Berryman
Carolina Designs Realty
List Price
$2,250,000
Sold Price
$2,100,000
Premium/Discount to List
-$150,000
-6.67%
Current Estimated Value
$3,587,183

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,487,183
Avg. Annual Appreciation
10.40%
Original Mortgage
$2,100,000
Interest Rate
2.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 2019
Sold by
Herrmann Henry C and Herrmann Karen Joan
Bought by
U S Bank Trust Na and Lsf9 Master Participation Trust

Purchase Details

Closed on
Mar 29, 2004
Bought by
Herrmann Henry C and Herrmann Karen J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Weiswasser Elizabeth S $2,100,000 None Available
U S Bank Trust Na $2,581,846 None Available
Herrmann Henry C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Weiswasser Elizabeth S $2,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2020 10/19/20 Sold $2,100,000 -2.8% $355 / Sq Ft
08/20/2020 08/20/20 Pending -- -- --
08/15/2020 08/15/20 Price Changed $2,160,000 -1.6% $366 / Sq Ft
07/17/2020 07/17/20 Price Changed $2,195,000 -2.4% $371 / Sq Ft
06/21/2020 06/21/20 For Sale $2,250,000 -- $381 / 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 $15,607 $2,160,600 $1,372,800 $787,800
2024 $15,607 $2,160,600 $1,372,800 $787,800
2023 $15,591 $2,160,600 $1,372,800 $787,800
2022 $11,455 $2,160,600 $1,372,800 $787,800
2021 $11,440 $1,905,100 $1,179,800 $725,300
2020 $10,385 $1,905,100 $1,179,800 $725,300
2019 $10,384 $1,905,100 $1,179,800 $725,300
2018 $10,384 $1,905,100 $1,179,800 $725,300
2017 $9,411 $1,905,100 $1,179,800 $725,300
2016 $9,411 $1,905,100 $1,179,800 $725,300
2015 $9,411 $1,905,100 $1,179,800 $725,300
Source: Public Records

Agents Affiliated with this Home

  • Alex Argiroff

    Seller's Agent in 2020

    Alex Argiroff

    Keller Williams - Outer Banks

    (252) 202-8148

    30 in this area

    151 Total Sales

    Alex Argiroff
    Section Image
  • Gray Berryman

    Buyer's Agent in 2020

    Gray Berryman

    Carolina Designs Realty

    (252) 573-9503

    34 in this area

    166 Total Sales

    Gray Berryman
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 109825

Outer Banks Association of REALTORS®

APN: 127C-000-0243-0000

North Carolina Currituck County Corolla 27927

159 Salt House Rd, Corolla, NC

Not Listed for Sale

Detached

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