R
Seller's Agent in 2020
Ronald Ryan
Keller Williams - Outer Banks
(252) 207-7923
14 Total Sales
2131 Sandfiddler Rd Corolla, NC 27927
Estimated Value: $1,529,892 - $1,852,000
8
Beds
11
Baths
7,896
Sq Ft
$215/Sq Ft
Est. Value
Highlights
- Beach Front
- Cabana
- Second Refrigerator
- Ocean View
- 1.1 Acre Lot
- Dumbwaiter
About This Home
As of October 2020Welcome to the Mermaid's Reef - Magnificent one of a kind custom built oceanfront home. This large, super nice Oceanfront Retreat is situated on a beautiful, stable, high dune lot that measures over 600 feet deep and the home requires NO FLOOD INSURANCE! Mermaid's Reef has all the space and amenities to appease the most demanding rental guest. With over 7,900 sq ft of living area and featuring 8 bedrooms, 8 full baths, and 3 partial baths, there is plenty of room for everyone to spread out and relax. This special property also features: massive top floor great room with amazing ocean views, chef's kitchen with double appliances, loft, large dormitory suite setup for the kids, screened porch, large wrap around sun decks, huge media/game room with TV, pool table, poker table, 2nd fully equipped kitchen, separate game room with air hockey, table tennis, and shuffleboard, dumbwaiter, covered poolside bar, heated pool, over sized paved pool deck , hot tub, large oceanfront gazebo and much more! Great investment opportunity! Renters LOVE This Home, many repeat guests - can generate $150,000 in Rental Income and has potential to do even more! Home can easily be marketed as a wedding or special event home. Mermaids Reef is not the average cookie cutter rental home. This property was thoughtfully designed, solidly built and carefully maintained by the original owner. Only top quality materials were used during construction. Also, with future maintenance in mind the home was built using such features as 40+ year architectural roof shingles, high quality siding, vinyl railings, and vinyl covering on posts,and septic system is designed for 28 occupants. Recent upgrades include: all energy efficient HVAC units (inside and out), carpet and furniture updates. This is one really nice home! Come take a look!
Last Agent to Sell the Property
Keller Williams - Outer Banks License #153518 Listed on: 03/02/2019
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,400
Year Built
- Built in 2000
Lot Details
- 1.1 Acre Lot
- Beach Front
- 80 Feet of Waterfront
- Unpaved Streets
Home Design
- Reverse Style Home
- Slab Foundation
- Frame Construction
- Asphalt Shingled Roof
- Shake Siding
- Vinyl Construction Material
Interior Spaces
- 7,896 Sq Ft Home
- Wet Bar
- Furnished
- Beamed Ceilings
- Cathedral Ceiling
- Ceiling Fan
- Gas Fireplace
- Window Treatments
- Entrance Foyer
- Screened Porch
- Ocean Views
Kitchen
- Dumbwaiter
- Microwave
- Second Refrigerator
- Plumbed For Ice Maker
- Second Dishwasher
- Solid Surface Countertops
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- En-Suite Primary Bedroom
- Hydromassage or Jetted Bathtub
Laundry
- Dryer
- Washer
Pool
- Cabana
- Heated In Ground Pool
- Fiberglass Pool
- Outdoor Pool
- Spa
- Outdoor Shower
Outdoor Features
- Sun Deck
- Covered Deck
- Exterior Lighting
- Gazebo
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Private Water Source
- Well
- Private or Community Septic Tank
Listing and Financial Details
- Tax Lot 11
Community Details
Overview
- Carova Beach Subdivision
Recreation
- Community Boardwalk
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 2, 2019
Closed on
Oct 1, 2020
Sold by
Laing Charles W and Laing Lynn D
Bought by
Beam Robert K and Beam Shannon J
Seller's Agent
Ronald Ryan
Keller Williams - Outer Banks
Buyer's Agent
Sarah Pritchard
SAGA Realty and Construction
List Price
$1,225,000
Sold Price
$1,130,000
Premium/Discount to List
-$95,000
-7.76%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$563,973
Avg. Annual Appreciation
8.03%
Original Mortgage
$904,000
Outstanding Balance
$798,588
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$895,385
Purchase Details
Closed on
Apr 16, 1997
Bought by
Laing Charles W and Laing Lynn D
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Beam Robert K | $1,130,000 | None Available | |
| Laing Charles W | $105,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Beam Robert K | $904,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/06/2020 10/06/20 | Sold | $1,130,000 | 0.0% | $143 / Sq Ft |
| 09/30/2020 09/30/20 | Off Market | $1,130,000 | -- | -- |
| 08/05/2020 08/05/20 | Pending | -- | -- | -- |
| 03/29/2019 03/29/19 | Price Changed | $1,179,000 | -3.8% | $149 / Sq Ft |
| 03/02/2019 03/02/19 | For Sale | $1,225,000 | -- | $155 / Sq Ft |
Source: Outer Banks Association of REALTORS®
Tax History Compared to Growth
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 | $7,807 | $1,132,100 | $289,400 | $842,700 |
| 2024 | $7,807 | $1,132,100 | $289,400 | $842,700 |
| 2023 | $7,798 | $1,132,100 | $289,400 | $842,700 |
| 2022 | $5,875 | $1,132,100 | $289,400 | $842,700 |
| 2021 | $5,770 | $1,068,700 | $299,100 | $769,600 |
| 2020 | $5,575 | $1,068,700 | $299,100 | $769,600 |
| 2019 | $5,575 | $1,068,700 | $299,100 | $769,600 |
| 2018 | $5,437 | $1,063,200 | $299,100 | $764,100 |
| 2017 | $5,401 | $1,063,200 | $299,100 | $764,100 |
| 2016 | $5,401 | $1,063,200 | $299,100 | $764,100 |
| 2015 | $5,401 | $1,063,200 | $299,100 | $764,100 |
Source: Public Records
Agents Affiliated with this Home
-
Ronald Ryan
-
Sarah Pritchard
Buyer's Agent in 2020
Sarah Pritchard
SAGA Realty and Construction
(252) 267-5223
6 in this area
114 Total Sales
Map
Source: Outer Banks Association of REALTORS®
MLS Number: 103955
APN: 087A-000-0011-0009
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