NOT LISTED FOR SALE

181 Cottage Cove Rd Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $2,932,000 - $3,846,814

7 Beds
8 Baths
5,051 Sq Ft
$687/Sq Ft Est. Value

Last Sold February 14, 2022

Last sale price $3,350,000 $663 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $20,386/month

3 Days on Market

Highlights

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

About This Home

As of February 2022

181 Cottage Cove Rd, Pine Island: everything you would want in an upscale Outer Banks oceanfront home; exclusive '1 home' per 90' of oceanfront location, offering dramatic unobstructed ocean and sound views in a safe, elevated, preferred X-flood zone location, classic, stylish custom designed and built home, with a great open floorplan, elevator, rec room, theater room, upscale heated pool & spa, in excellent condition, and very importantly, with modern, all updated exterior cladding. IE: modern 2016 roof, updated entire exterior facade with cement shingles and pvc trim 2016, 60%-70% newer windows as needed and all new sliders 2016, areas of new Trex decking 2021, and brand new high end pool remodel with Travertine paver pool deck 2021; repeat, all new siding with 18" cementitous shakes, pvc trim, soffit, fascia, gutters, all valuable and important updates! Upgraded bluetooth audio visual & system 2022 with new theater tv, 2019 hot tub, 2021 kitchen appliances, fresh interior paint, among other updates. Grand and open great room offering panoramic Ocean and Sound views, gas fireplace with 'coquina' and limestone surround, open foyer, gleaming oak hardwood floors on all of the top 2 levels and stair treads, custom trim, 7 large master bedrooms, comfortable bathrooms with all granite tops, quality glass topped furnishings, comfortable recreation room with billiards table, seating, &kitchenett e, huge pool deck and ample outdoor furniture. 2 levels of decking front and rear for shade and sun, ample parking areas plus 2 garage's (one for guests one for owner), lots of owner storage, mature stable landscaping easy to maintain, and solid, stable, vegetated dune line with new private beach access walkover. This property provides likely the most private, quiet beach in the area, with one home per 90' of oceanfront property, and sunrises and sunsets to die for. High income producing property, with $288,302 projected gross rental income, and well on it's way with 2022 rental bookings (rental reports available). This home is ready for immediate enjoyment, is truly in great condition, really shines inside and out, so the new owner will benefit from all these updates and efforts. This property will be a pleasure to own and enjoy, act now to capture the seasons income and years of enjoyment!

Last Agent to Sell the Property

Mark Massey

Outer Banks Realty Group License #188389 Listed on: 01/12/2022

Last Buyer's Agent

Jeanne-Marie DeStefano

Keller Williams - Outer Banks License #282161

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,278

Year Built

  • Built in 1998

Lot Details

  • Beach Front
  • Property fronts a private road
  • Landscaped

HOA Fees

  • $229 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
  • Shake Siding
  • Siding
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 5,051 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Home Theater
  • Game Room
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 8 Full Bathrooms
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Off-Street Parking

Pool

  • Concrete 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
  • Private Sewer

Listing and Financial Details

  • Tax Lot 231

Community Details

Overview

  • Association fees include common electric, common insurance, management, road maintenance, security, walkways
  • Seaside Management Association, Phone Number (252) 261-1200
  • 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

$11,278

Year Built

Built in 1998

Lot Details

0

HOA Fees

$229 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, Jet Tub, Landscaped, Outside Lighting, Outside Shower, Patio, Smoke Detector(s), Sun Deck, Dry Entry, Inside Laundry Room
  • Flood Zone: X
  • Headline: Excellent Condition & Location
  • Heated Sq Ft: 5051
  • L V T Date: 01/12/2022
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Advertised Income 2021: 216140
  • Advertised Income 2022: 230115
  • Deed Book Pg Number: 632
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C25379
  • 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, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 7
  • Countertops: Granite, Marble
  • Floor Coverings: Carpet, Tile, Hardwood
  • Foundation: Piling, Slab
  • Full Bathrooms: 8
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ensuite, Pantry, Walk in Closet, Washer Connection, Wet Bar, 1st Flr Ensuite
  • Optional Rooms: Foyer, Game Room, Home Theater

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Shakes, Cement Fiber Board, Composite Siding
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Concrete, Heated, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean, Sound, Salt Marsh

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Management, Road Maintenance, Security, Walkways
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Park, Playground
  • Association Fee: Yes
  • Estimated Annual Fee: 2751
  • Hoa Contact: Seaside Management
  • HOA Contact: 252-261-1200
  • Home Owner Dwelling Insurance: 9380

Lot Info

  • Lot Description: Beach Frontage, Water Frontage
  • Lot Number: Lot 231
  • Deed Book: 1659

Rental Info

  • Est Annual Rental Income: 288302
  • Estimated Rental Performance: 0.0861
  • Flood Expenses: 1045
  • Lease Terms: Weekly
  • Other Expenses: 420
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Chateau Amie Marga
  • Rental Cottage Number: E231
  • Rental Phone Number: 888-710-2120
  • Rental Contact Email: jkavanaugh@twiddy.com
  • Rental Contact Name: Jen Kavanaugh
  • Rental Contact Phone: 888-710-2120

Building Info

  • Year Built: 1998

Tax Info

  • Year: 2021
  • Taxes: 11277.57

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2022
Closed on
Jan 26, 2022
Sold by
Wallace Jonathan R and Wallace Jacqueline L
Bought by
181 Cottage Cove Llc
Seller's Agent
Mark Massey
Outer Banks Realty Group
Buyer's Agent
Jeanne-Marie DeStefano
Keller Williams - Outer Banks
List Price
$3,300,000
Sold Price
$3,350,000
Premium/Discount to List
$50,000
1.52%
Current Estimated Value
$3,470,954

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,954
Avg. Annual Appreciation
1.01%
Original Mortgage
$2,350,000
Outstanding Balance
$2,186,562
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$1,284,392

Purchase Details

Listed on
Jan 12, 2022
Closed on
Jan 14, 2022
Sold by
Jacqueline Obx Llc
Bought by
Wallace Jonathan R and Wallace Jacqueline L
Seller's Agent
Mark Massey
Outer Banks Realty Group
Buyer's Agent
Jeanne-Marie DeStefano
Keller Williams - Outer Banks
List Price
$3,300,000
Sold Price
$3,350,000
Premium/Discount to List
$50,000
1.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,350,000
Outstanding Balance
$2,186,562
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$1,284,392

Purchase Details

Listed on
Jun 16, 2021
Closed on
Oct 28, 2021
Sold by
Vanderdys Joseph G and Vanderdys Mary Jane
Bought by
Jacqucline Obx Llc
Seller's Agent
Four Seasons Realty
Four Seasons Realty
Buyer's Agent
Mark Massey
Outer Banks Realty Group
List Price
$3,100,000
Sold Price
$3,000,000
Premium/Discount to List
-$100,000
-3.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
44.46%

Purchase Details

Closed on
Aug 6, 2019
Sold by
Vanderdys Joe G
Bought by
Vanderdys Joseph G and Vanderdys Mary Jane

Purchase Details

Closed on
Dec 6, 2010
Sold by
Rogers James P and James P Rogers Living Trust
Bought by
Vanderdys Joe G and Vanderdys Mary Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2007
Sold by
Rogers James P
Bought by
Rogers James P and James P Rogers Living Trust
Source: Public Records

Range of Values:

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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
181 Cottage Cove Llc $20,100,000 --
Wallace Jonathan R -- Cecil Cecil & Barker Pa
Jacqucline Obx Llc $3,000,000 None Available
Vanderdys Joseph G -- None Available
Vanderdys Joe G $1,750,000 None Available
Rogers James P -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 181 Cottage Cove Llc $2,350,000
Open Wallace Jonathan R $11,950,000
Previous Owner Vanderdys Joe $795,000
Previous Owner Vanderdys Joe G $850,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2022 02/14/22 Sold $3,350,000 +1.5% $663 / Sq Ft
01/15/2022 01/15/22 Pending -- -- --
01/12/2022 01/12/22 For Sale $3,300,000 +10.0% $653 / Sq Ft
10/28/2021 10/28/21 Sold $3,000,000 -3.2% $594 / Sq Ft
07/12/2021 07/12/21 Pending -- -- --
06/16/2021 06/16/21 For Sale $3,100,000 -- $614 / 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 $15,368 $2,098,400 $1,491,600 $606,800
2023 $13,668 $2,098,400 $1,491,600 $606,800
2022 $11,293 $2,098,400 $1,491,600 $606,800
2021 $11,278 $1,873,300 $1,281,800 $591,500
2020 $10,355 $1,873,300 $1,281,800 $591,500
2019 $10,355 $1,873,300 $1,281,800 $591,500
2018 $10,355 $1,873,300 $1,281,800 $591,500
2017 $9,384 $1,873,300 $1,281,800 $591,500
2016 $9,384 $1,873,300 $1,281,800 $591,500
2015 $9,384 $1,873,300 $1,281,800 $591,500
Source: Public Records

Agents Affiliated with this Home

  • Mark Massey

    Seller's Agent in 2022

    Mark Massey

    Outer Banks Realty Group

    (252) 202-4335

    23 in this area

    75 Total Sales

    Mark Massey
    Section Image
  • Jeanne-Marie DeStefano

    Buyer's Agent in 2022

    Jeanne-Marie DeStefano

    Keller Williams - Outer Banks

    (252) 599-7250

    28 in this area

    122 Total Sales

    Jeanne-Marie DeStefano
    Section Image
  • Alex Miller-Saunders

    Buyer Co-Listing Agent in 2022

    Alex Miller-Saunders

    Saltwater Realty OBX

    (252) 207-7080

    7 in this area

    94 Total Sales

    Alex Miller-Saunders
    Section Image
  • Four Seasons Realty

    Seller's Agent in 2021

    Four Seasons Realty

    Four Seasons Realty

    (252) 261-6664

    145 in this area

    366 Total Sales

    Four Seasons Realty
    Section Image
  • Robert Konstanzer

    Seller Co-Listing Agent in 2021

    Robert Konstanzer

    Four Seasons Realty

    (252) 207-8611

    32 in this area

    99 Total Sales

    Robert Konstanzer
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 117258

Outer Banks Association of REALTORS®

APN: 127C-000-0231-0000

North Carolina Currituck County Corolla 27927 Corolla

181 Cottage Cove Rd, Corolla, NC

This home is located at 181 Cottage Cove Rd, Corolla, NC 27927 since 12 January 2022 and is currently estimated at $3,470,954, approximately $687 per square foot. This property was built in 1998. 181 Cottage Cove Rd is a home located in Currituck County with nearby schools including Knotts Island Elementary School, Currituck County Middle School, and Currituck County High School.

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