$525,000
SOLD JUN 21, 2013
5 Beds
4.5 Baths
2,874 Sq Ft
0.34 Acres

Recently Sold

$183 Per Sq Ft

2% Below List Price

149 Days on Market

Highlights

  • Ocean Front
  • Second Refrigerator
  • Screened Porch
  • Spa
  • Furnished
  • Beamed Ceilings

About This Home

As of May 2018

Incredible opportunity to own your own beach cottage with sweeping ocean views in the 4x4 area of Corolla in North Swan Beach. This spacious 5 bedroom, 4.5 bath cottage sits just one row back from the ocean and has very easy and direct beach access. This custom cedar shake home sits well elevated on the lot and features a reverse floorplan to maximize the ocean views, a gas fireplace, screen porch, gameroom with pool table and foosball, updated surround sound systems and flatscreens throughout the house, outdoor pool and hot tub (new 2009), outside shower and full bathroom, separate owners storage area, and tons of decking. This home has been a favorite among renters returning year after year and has gross rental income in the mid $60K's. Without owner usage, the home could have rentals near $70K annually offering almost 13% GRI/PP!!! Come see one of the Outer Banks best investment opportunities. This Home is currently priced $300K BELOW its tax assessed price! Both HVAC systems recently replaced (2010 and 2011) with high quality Trane systems under full 10-year extended warranties.

Last Agent to Sell the Property

Jason Summerton

Twiddy and Company - Wash Woods License #231486 Listed on: 12/04/2012

Last Buyer's Agent

Anna Hunt

Brindley Beach Vacations & Sales - KH License #231616

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,685

Year Built

  • Built in 2000

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 100x150
  • Ocean Front
  • Unpaved Streets

Home Design

  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 2,874 Sq Ft Home
  • Furnished
  • Beamed Ceilings
  • Ceiling Fan
  • Gas Fireplace
  • Screened Porch
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Freezer
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Pool

  • Spa
  • Outdoor Shower
  • Fiberglass Pool

Outdoor Features

  • Sun Deck
  • Exterior Lighting
  • Storage Shed

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Private Water Source
  • Well
  • Water Softener
  • Private or Community Septic Tank

Community Details

  • North Swan Bch Subdivision

Listing and Financial Details

  • Legal Lot and Block B / 2

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,685

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: North to MP 20. Over dune and first R on Sandfiddler. House down on left
  • Extras: Ceiling Fan(s), Hot Tub, Outside Lighting, Outside Shower, Screened Porch, Storage Shed, Sun Deck, Water Softener
  • Flood Zone: Cobra, VE
  • Headline: Exceptional views
  • Heated Sq Ft: 2874
  • Roads: Unpaved
  • Sale/Rent: For Sale
  • Section: 1
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: Res
  • Deed Book Pg Number: 663
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Freezer, Microwave, Range/Oven, Refrigerator, Washer, 2nd Refrigerator
  • Bedrooms: 5
  • Countertops: Laminate
  • Floor Coverings: Carpet, Tile, Vinyl
  • Foundation: Piling
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: Beamed Ceiling(s), Gas Fireplace
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Shakes, Wood
  • Pool: Yes
  • Pool Type: Outdoor, Fiberglass
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 100
  • View: Ocean

Garage/Parking

  • Garage: Carport

Utilities

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

Condo/Co-op/Association

  • Home Owner Dwelling Insurance: 3100

Lot Info

  • Estimated Lot Sq Ft: 15000
  • Lot Size: 100x150
  • Lot Number: Lot B
  • Deed Book: 826

Rental Info

  • Est Annual Rental Income: 68000
  • Estimated Rental Performance: 0.1295
  • Flood Expenses: 7500
  • Lease Terms: Weekly
  • Other Expenses: 433574
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Orange Moon
  • Rental Cottage Number: T22016
  • Rental Phone Number: 4533325
  • Rental Turnover Day: Sun
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 777
  • Annual Electric: 2723

Building Info

  • Year Built: 2000

Tax Info

  • Year: 2012
  • Taxes: 2685

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2017
Closed on
May 10, 2018
Sold by
Tuten Tracy Lynn
Bought by
Mccafferty Sean William and Mccafferty Angela Joy
Seller's Agent
Jean-Paul Peron
EXP Realty, LLC - Coastal
Buyer's Agent
Jason Summerton
Twiddy and Company - Wash Woods
List Price
$525,000
Sold Price
$490,000
Premium/Discount to List
-$35,000
-6.67%
Total Days on Market
149
Current Estimated Value
$1,002,721

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$512,721
Avg. Annual Appreciation
10.46%
Original Mortgage
$441,000
Interest Rate
4.4%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed $490,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $422,244 New Conventional
Closed $441,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2018 05/21/18 Sold $490,000 -2.0% $168 / Sq Ft
04/09/2018 04/09/18 Pending -- -- --
03/28/2018 03/28/18 Price Changed $499,900 -4.8% $171 / Sq Ft
01/10/2018 01/10/18 For Sale $525,000 0.0% $180 / Sq Ft
12/30/2017 12/30/17 Pending -- -- --
09/20/2017 09/20/17 Price Changed $525,000 -4.5% $180 / Sq Ft
07/25/2017 07/25/17 For Sale $550,000 +4.8% $188 / Sq Ft
06/21/2013 06/21/13 Sold $525,000 -1.9% $183 / Sq Ft
05/02/2013 05/02/13 Pending -- -- --
12/04/2012 12/04/12 For Sale $535,000 -- $186 / 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 $4,558 $666,800 $126,000 $540,800
2023 $4,558 $666,800 $126,000 $540,800
2022 $3,443 $666,800 $126,000 $540,800
2021 $3,423 $544,800 $125,700 $419,100
2020 $2,876 $544,800 $125,700 $419,100
2019 $2,866 $544,800 $125,700 $419,100
2018 $2,866 $539,500 $125,700 $413,800
2017 $2,803 $539,500 $125,700 $413,800
2016 $2,803 $539,500 $125,700 $413,800
2015 $2,813 $539,500 $125,700 $413,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 77079

Outer Banks Association of REALTORS®

APN: 099A-002-000B-0001