NOT LISTED FOR SALE

281 Whites Point Corolla, NC 27927

Estimated Value: $3,091,000 - $3,407,000

7 Beds
9 Baths
6,252 Sq Ft
$527/Sq Ft Est. Value

Last Sold July 22, 2022

Last sale price $3,725,000 $596 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $18,988/month

7 Days on Market

Highlights

  • Beach Front
  • Concrete Pool
  • Coastal Architecture
  • Community Beach Access
  • Second Refrigerator
  • Cathedral Ceiling

About This Home

As of July 2022

Counterpoint is a spacious updated home with rooms for everyone. The top level features a fully remodeled kitchen complete with new cabinets, countertops and appliances. There is a breakfast nook and dining room as well as the great room complete with gas fireplace, master bedroom, powder room and an office area with beautiful views. The mid level boasts a large den and 4 en suite bedrooms. The ground level has an additional 2 bedrooms and baths as well as a game room and 2 large carports In the past 2 years the current owners have replaced all defective windows and doors, installed new smart lap siding and PVC fascia and soffit. The mid level and ground floor carpet was removed and vinyl planking was installed on the diagonal. The upper level master, office and all stairways were recarpeted in 2022. A geo thermal system was installed and all HVAC systems are 2 years old. New water heaters, hot tub, pool was resurfaced in 2022, all new kitchen cabinets countertops and appliances. Almost all of the furniture is less than 2 years old. House has been painted inside and out and all decks have a solid stain. A commercial dehumidifier has been installed for the lower level that also services the garage. The yard was landscaped complete with sprinklers. This is truly a "turn key" home with great rentals. Owners limit rentals and take several weeks in season for themselves.

Last Agent to Sell the Property

Daphne Degabrielle

Outer Banks Realty Group License #136949 Listed on: 05/27/2022

Last Buyer's Agent

Pamela Howard

Coastal Shores Realty Group License #274371

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,727

Year Built

  • Built in 1998

Lot Details

  • 0.68 Acre Lot
  • Beach Front
  • 100 Feet of Waterfront
  • Property fronts a private road
  • Cul-De-Sac
  • Landscaped
  • Sprinkler System

HOA Fees

  • $229 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 6,252 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Gas Fireplace
  • Window Treatments
  • Family Room
  • Living Room
  • Dining Room
  • Game Room
  • Utility Room
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Parking

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

Pool

  • Concrete Pool
  • In Ground Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tax Lot 179

Community Details

Overview

  • Association fees include grounds maintenance, management, pool, security, tennis courts
  • Jeff Shields Association, Phone Number (252) 261-1200
  • Pine Island Pud Subdivision

Amenities

  • Common Area

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,727

Year Built

Built in 1998

Lot Details

0

HOA Fees

$229 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Turn East on Pine Point. Turn left and take first right. House at end of cul de sac on left.
  • Extras: Beach Access, Boardwalk to Beach, Covered Decks, Elevator, Garage Door Opener, Hot Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck, Dry Entry
  • Flood Zone: X
  • Subdivision Name: Pine Island
  • Headline: Stunning renovation
  • Heated Sq Ft: 6252
  • L V T Date: 05/27/2022
  • Phase: 6
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Advertised Income 2021: 170547
  • Advertised Income 2022: 208110
  • Deed Book Pg Number: 486
  • 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: Dishwasher, Dryer, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 7
  • Bedroom 1: On Level: 2
  • Bedroom 2: On Level: 1
  • Bedroom 3: On Level: 1
  • Bedroom 4: On Level: 1
  • Bedroom 5: On Level: 1
  • Bedroom 6: On Level: Ground
  • Bedroom 7: On Level: Ground
  • Kitchen: On Level: 2
  • Countertops: Granite, Solid Surface, Quartz
  • Electronic Locks: Leased
  • Floor Coverings: Ceramic Tile, Hardwood, Plank
  • Foundation: Piling, Slab
  • Full Bathrooms: 7
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Walk in Closet, Washer Connection, Wet Bar, 1st Flr Ensuite
  • Dining Room: On Level: 2
  • Family Room: On Level: 1
  • Game Room: On Level: Ground
  • Living Room: On Level: 2
  • Optional Room 2: office, On Level: 1
  • Optional Rooms: Game Room, Office
  • Partial Bathrooms: 2

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Composite Siding
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Concrete, Custom, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • Water Frontage: 100

Garage/Parking

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

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Electric, Geo-Thermal, Heat Pump, Zoned
  • Fuel Tanks: Leased
  • Sewer/Septic System: Municipal Sewer
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Grounds Maintenance, Management, Pool, Security, Tennis Courts
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Common Area
  • Estimated Annual Fee: 2751
  • Hoa Contact: Jeff Shields
  • HOA Contact: 252 261-1200

Lot Info

  • Estimated Lot Sq Ft: 29711
  • Lot Description: Beach Frontage, Cul-de-sac
  • Lot Faces: E
  • Lot Size: 29711
  • Lot Number: Lot 179
  • Estimated Lot Size: 0.68
  • Deed Book: 1557

Rental Info

  • Flood Expenses: 797
  • Lease Terms: Weekly
  • Other Expenses: 276
  • Other Expenses2: 175
  • Poolspa Expense: 3768
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Counterpoint
  • Rental Cottage Number: E179
  • Rental Turnover Day: Sunday
  • Annual Cable TV Expense: 2800
  • Annual Electric: 1908
  • Annual Water Expense: 415
  • Rental Contact Email: jennkavanaugh@twiddy.com
  • Rental Contact Name: Jennifer Kavanaugh

Building Info

  • Year Built: 1998

Tax Info

  • Year: 2021
  • Taxes: 11727.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2022
Closed on
Jul 22, 2022
Sold by
Brodie Christopher T and Brodie Jennifer B
Bought by
Schweppe Michael W and Schweppe Elizabeth L
Seller's Agent
Daphne Degabrielle
Outer Banks Realty Group
Buyer's Agent
Pamela Howard
Coastal Shores Realty Group
List Price
$3,600,000
Sold Price
$3,725,000
Premium/Discount to List
$125,000
3.47%
Current Estimated Value
$3,292,872

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$432,128
Avg. Annual Appreciation
-3.72%
Original Mortgage
$2,607,500
Outstanding Balance
$2,455,570
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$837,302

Purchase Details

Listed on
Sep 20, 2019
Closed on
Sep 1, 2020
Sold by
Groark Edward C and Groark Sara W
Bought by
Brodie Christopher T and Brodie Jennifer B
Seller's Agent
Denise Graham
Keller Williams - Outer Banks
Buyer's Agent
Daphne Degabrielle
Outer Banks Realty Group
List Price
$2,180,000
Sold Price
$1,872,500
Premium/Discount to List
-$307,500
-14.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
43.89%
Original Mortgage
$1,498,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2019
Sold by
Groark Edward C and Groark Sara W
Bought by
Groark Edward C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$940,000
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 14, 1998
Bought by
Groark Edward C and Groark Sara W
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 Buyer Sale Price Title Company
Schweppe Michael W $3,725,000 Casey & Robbins Pc
Brodie Christopher T $1,872,500 None Available
Groark Edward C -- None Available
Groark Edward C $402,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schweppe Michael W $2,607,500
Previous Owner Brodie Christopher T $1,498,000
Previous Owner Groark Edward C $940,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/22/2022 07/22/22 Sold $3,725,000 +3.5% $596 / Sq Ft
06/03/2022 06/03/22 Pending -- -- --
05/27/2022 05/27/22 For Sale $3,600,000 +92.3% $576 / Sq Ft
09/01/2020 09/01/20 Sold $1,872,500 -14.1% $298 / Sq Ft View Prior Sale
06/19/2020 06/19/20 Pending -- -- --
09/20/2019 09/20/19 For Sale $2,180,000 -- $347 / 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 $16,222 $2,213,400 $1,512,000 $701,400
2023 $14,196 $2,183,300 $1,512,000 $671,300
2022 $11,742 $2,183,300 $1,512,000 $671,300
2021 $11,727 $1,947,500 $1,299,400 $648,100
2020 $10,781 $1,947,500 $1,299,400 $648,100
2019 $10,763 $1,947,500 $1,299,400 $648,100
2018 $10,763 $1,947,500 $1,299,400 $648,100
2017 $9,769 $1,947,500 $1,299,400 $648,100
2016 $9,769 $1,947,500 $1,299,400 $648,100
2015 $9,769 $1,947,500 $1,299,400 $648,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 119056

Outer Banks Association of REALTORS®

APN: 127C-000-0179-0000