NOT LISTED FOR SALE

175 Cottage Cove Rd Corolla, NC 27927

Estimated Value: $3,563,000 - $3,860,118

8 Beds
9 Baths
5,752 Sq Ft
$642/Sq Ft Est. Value

Last Sold January 19, 2021

Last sale price $2,400,000 $417 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $20,738/month

83 Days on Market

Highlights

  • Beach Front
  • Outdoor Pool
  • Coastal Architecture
  • Ocean View
  • Second Refrigerator
  • Marble Flooring

About This Home

As of January 2021

Quality construction, very well maintained and ideally situated in the prestigious Pine Island community combine to make this a must-see home! Perfectly captured by the graceful flow of this home design are picturesque sunrises and unobstructed ocean views to the east and spectacular sound and sunset vistas overlooking the National Audubon Wildlife Preserve to the west. The top level features an expansive great room with elegant stone surround fireplace and wall to wall Anderson windows and sliders that fill the space with sunlight. Classic columns define the living area and loft/study from two spacious dining areas and adjacent sitting area. The kitchen is the heart of this level and is fully equipped with a central prep island, island with casual bar seating, Viking cooktop, GE Monogram refrigerator, wine cooler, three ovens and two microwaves and dishwashers. Upgrades include tumble tile floors in kitchen and dining areas, quality cabinetry and granite countertops. Custom oak trim and wainscoting add warmth and character throughout the property. This home design provides eight bedrooms (1 on top level, 4 on mid-level and 3 on ground floor), 5 have private baths and all bedrooms provide cedar-lined closets. Bathrooms are finished with custom tile work and granite top vanities. Prior to the 2020 rental season quality carpet was installed in great room living area, loft/study and in all bedrooms, hallways and stairways. The ground floor features a large game room with widescreen TV sitting area, pool table and kitchenette equipped with refrigerator, wine cooler, dishwasher and microwave. Outdoor amenities include 16x32 private pool with stamped concrete surround, large hot tub, two outdoor showers and a private beach access.

Last Agent to Sell the Property

Robert Ladd

Twiddy and Co. - Duck License #64016 Listed on: 08/24/2020

Last Buyer's Agent

David Weybright

Coastal Outer Banks Realty License #185816

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,127

Year Built

  • Built in 1997

Lot Details

  • 0.55 Acre Lot
  • Beach Front
  • 90 Feet of Waterfront
  • Property fronts a private road
  • Landscaped

HOA Fees

  • $218 Monthly HOA Fees

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

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

Interior Spaces

  • 5,752 Sq Ft Home
  • Wet Bar
  • Central Vacuum
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Game Room

Kitchen

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

Flooring

  • Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • Garage
  • Carport

Pool

  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tax Lot 234

Community Details

Overview

  • Association fees include common electric, common insurance, management, pool, tennis courts, walkways
  • Seaside Management Association, Phone Number (252) 261-1200
  • Pine Island Pud Subdivision

Recreation

  • Community Boardwalk
  • Tennis Courts
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,127

Year Built

Built in 1997

Lot Details

0

HOA Fees

$218 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: From NC 12/Ocean Trail, turn right on Cottage Cove Rd, house on right
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Central Vacuum, Covered Decks, Hot Tub, Jet Tub, Landscaped, Outside Lighting, Outside Shower, Security System, Smoke Detector(s), Sun Deck, Whirlpool/Spa, Dry Entry, Inside Laundry Room
  • Flood Zone: X
  • Headline: Beautiful Ocean & Sound Views
  • Heated Sq Ft: 5752
  • L V T Date: 08/26/2020
  • Phase: 8
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Advertised Income 2020: 189720
  • Deed Book Pg Number: 759
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C4556
  • 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, Ice Machine, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 8
  • Bedroom 1: On Level: Ground
  • Bedroom 2: On Level: Ground
  • Bedroom 3: On Level: Ground
  • Bedroom 4: On Level: 2
  • Bedroom 5: On Level: 2
  • Bedroom 6: On Level: 2
  • Bedroom 7: On Level: 2
  • Bedroom 8: On Level: 3
  • Kitchen: On Level: 3
  • Countertops: Granite
  • Electronic Locks: Owned
  • Floor Coverings: Carpet, Tile, Marble
  • Foundation: Piling, Slab
  • Full Bathrooms: 7
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Cedar Closet(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Walk in Closet, Washer Connection, Wet Bar
  • Dining Room: On Level: 3
  • Game Room: On Level: Ground
  • Living Room: On Level: 3
  • Optional Rooms: Foyer, Game Room, Shipswatch
  • Partial Bathrooms: 2

Exterior Features

  • Construction: Frame
  • Exterior: Shakes, Wood, Cement Fiber Board
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 48
  • View: Ocean, Sound
  • Water Frontage: 90

Garage/Parking

  • Garage: 1 Car, Attached, Carport
  • Parking: Paved

Utilities

  • Cooling: Heat Pump, Zoned
  • Heating: Heat Pump, Zoned
  • Fuel Tanks: Owned
  • Sewer/Septic System: Municipal Sewer
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Management, Pool, Tennis Courts, Walkways
  • Association Amenities: Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground
  • Association Fee: Yes
  • Estimated Annual Fee: 2620
  • Hoa Contact: Seaside Management
  • HOA Contact: 252-261-1200

Lot Info

  • Estimated Lot Sq Ft: 23793
  • Lot Description: Beach Frontage, Water Frontage
  • Lot Faces: W
  • Lot Number: Lot 234
  • Estimated Lot Size: 0.55
  • Deed Book: 1009

Rental Info

  • Est Annual Rental Income: 226080
  • Estimated Rental Performance: 0.0942
  • Flood Expenses: 741
  • Lease Terms: Weekly
  • Other Expenses: 425
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Winds of the Carolinas
  • Rental Cottage Number: E234
  • Rental Phone Number: 252-457-1100
  • Rental Turnover Day: Sun
  • Rental Contact Email: jkavanaugh@twiddy.com
  • Rental Contact Name: Jen Kavanaugh
  • Rental Contact Phone: 252-457-1169

Building Info

  • Year Built: 1997

Tax Info

  • Year: 2020
  • Taxes: 10126.73

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2020
Closed on
Jan 10, 2021
Sold by
Hicks M Lawrence M and Hicks Beverly B
Bought by
Walton Obx Retreat Llc
Seller's Agent
Robert Ladd
Twiddy and Co. - Duck
Buyer's Agent
David Weybright
Coastal Outer Banks Realty
List Price
$2,399,000
Sold Price
$2,400,000
Premium/Discount to List
$1,000
0.04%
Current Estimated Value
$3,692,373

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,292,373
Avg. Annual Appreciation
8.96%
Original Mortgage
$192,000
Outstanding Balance
$170,574
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$3,521,799
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
Walton Obx Retreat Llc $2,400,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walton Obx Retreat Llc $192,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/19/2021 01/19/21 Sold $2,400,000 0.0% $417 / Sq Ft
11/15/2020 11/15/20 Pending -- -- --
08/31/2020 08/31/20 For Sale $2,399,000 0.0% $417 / Sq Ft
08/26/2020 08/26/20 Pending -- -- --
08/24/2020 08/24/20 For Sale $2,399,000 -- $417 / 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
2025 $16,161 $2,062,000 $1,412,400 $649,600
2024 $16,161 $2,062,000 $1,412,400 $649,600
2023 $15,151 $2,033,800 $1,412,400 $621,400
2022 $10,967 $2,033,800 $1,412,400 $621,400
2021 $10,968 $1,829,000 $1,213,800 $615,200
2020 $10,127 $1,829,000 $1,213,800 $615,200
2019 $10,127 $1,829,000 $1,213,800 $615,200
2018 $10,127 $1,829,000 $1,213,800 $615,200
2017 $9,177 $1,829,000 $1,213,800 $615,200
2016 $9,177 $1,829,000 $1,213,800 $615,200
2015 -- $1,829,000 $1,213,800 $615,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 110711

Outer Banks Association of REALTORS®

APN: 127C-000-0234-0000