NOT LISTED FOR SALE

298 Longfellow Cove Corolla, NC 27927

Estimated Value: $1,798,000 - $2,089,000

9 Beds
8.5 Baths
4,405 Sq Ft
$446/Sq Ft Est. Value

Sale Details

Date Sold: February 21, 2020

Last sale price $1,200,000 $272 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $11,457 / mo

412 Days on Market

Highlights

  • Community Beach Access
  • Health Club
  • Second Refrigerator
  • Ocean Front
  • Concrete Pool
  • Clubhouse

About This Home

As of February 2020

Pine Island Nine-bedroom semi-ocean front house at the end of a private, desirable cul-de-sac. Fantastic rental income, outstanding investment opportunity. This house was recently renovated by Olin Finch and includes: new kitchen with double appliances, all new furniture, all walls painted, all new flooring, two new heat pumps. new hot tub and many other improvements. 1,050 heated living area was added. 3 refrigerators, 2 range/ovens, 2 microwaves. Beautifully professionally decorated and landscaped! This house is turnkey ready for renters, perfect for your family vacations and has a solid financial projection (ask for a copy). Great investment!

Last Agent to Sell the Property

Edith Rowe

Brindley Beach Vacations & Sales-Duck License #188824 Listed on: 12/21/2018

Co-Listed By

Catherine Strachan

Brindley Beach Vacations & Sales-Duck License #246162

Last Buyer's Agent

Whitney Hawkins

Brindley Beach Vacations & Sales - Cor License #187617

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,241

Year Built

  • Built in 1995

Lot Details

  • 27,000 Sq Ft Lot
  • Ocean Front
  • Cul-De-Sac
  • Landscaped
  • Level Lot
  • Wooded Lot

HOA Fees

  • $283 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 4,405 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher

Flooring

  • Engineered Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Sun Deck
  • Patio
  • Exterior Lighting
  • Tiki or Chickee Hut

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot 168

Community Details

Overview

  • Association fees include building maintenance, common electric, common insurance, flood insurance, grounds maintenance, management, pool, taxes, tennis courts, water, walkways
  • Built by Olin Finch
  • Pine Island Pud Subdivision

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Community Beach Access
  • Health Club
  • Indoor Tennis Courts
  • Community Pool
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,241

Year Built

Built in 1995

Lot Details

0.62 Acres

HOA Fees

$283 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Nags Head, Coastal
  • Extras: Beach Access, Ceiling Fan(s), Hot Tub, Landscaped, Outside Lighting, Outside Shower, Patio, Smoke Detector(s), Sun Deck, Tiki Bar, Inside Laundry Room
  • Flood Zone: AE
  • Subdivision Name: Pine Island
  • Headline: Stunning Renovation 10+% ROI!
  • Heated Sq Ft: 4405
  • L V T Date: 12/21/2018
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: Res
  • Advertised Income 2020: 103655
  • Deed Book Pg Number: 817
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C14121
  • 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, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 9
  • Bedroom 1: On Level: 3
  • Kitchen: On Level: 3
  • Floor Coverings: Carpet, Tile, Engineered Wood
  • Foundation: Piling
  • Full Bathrooms: 8
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Some Windows Treated, Walk in Closet, Wet Bar, 1st Flr Ensuite
  • Dining Room: On Level: 3
  • Family Room: On Level: 2
  • Game Room: On Level: 1
  • Living Room: On Level: 3
  • Optional Rooms: Breakfast Nook, Foyer, Game Room, Pantry, Shipswatch
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: Olin Finch
  • Construction: Frame, Wood
  • Exterior: Shakes, Wood, Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Concrete, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Paved, Off Street

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Forced Air, Heat Pump, Zoned
  • Sewer/Septic System: Community Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Building Maintenance, Common Electric, Common Insurance, Flood Insurance, Grounds Maintenance, Management, Pool, Taxes, Tennis Courts, Water, Walkways
  • Association Amenities: Clubhouse, Health Club, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Park, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 3400
  • Home Owner Dwelling Insurance: 1000

Lot Info

  • Estimated Lot Sq Ft: 27000
  • Lot Description: Adj to Park Serv./Preserv, Cul-de-sac, Level, Wooded
  • Lot Number: Lot 168
  • Estimated Lot Size: 0.62
  • Deed Book: 1429

Rental Info

  • Est Annual Rental Income: 160000
  • Estimated Rental Performance: 0.1333
  • Flood Expenses: 850
  • Lease Terms: Weekly
  • Maintenance Expenses: 3000
  • Other Expenses: 500000
  • Other Expenses2: 2900
  • Other Expenses3: 9000
  • Other Insurance Expenses: 3100
  • Poolspa Expense: 2900
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Ocean Paradise
  • Rental Cottage Number: E168
  • Rental Phone Number: 866-457-1190
  • Rental Turnover Day: Saturday
  • Annual Cable TV Expense: 2500
  • Annual Electric: 4000
  • Annual Telephone Expense: 600
  • Annual Water Expense: 1400
  • Rental Contact Email: jkavanaugh@twiddy.com
  • Rental Contact Name: Jen Kavanaugh
  • Rental Contact Phone: 252-457-1169

Building Info

  • Year Built: 1995

Tax Info

  • Year: 2018
  • Taxes: 5241

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2018
Closed on
Feb 21, 2020
Sold by
Richardson Robert H and Richardson Laura R
Bought by
Haynie James and Haynie Brenda
Seller's Agent
Edith Rowe
Brindley Beach Vacations & Sales-Duck
Buyer's Agent
Whitney Hawkins
Brindley Beach Vacations & Sales - Cor
List Price
$1,435,000
Sold Price
$1,200,000
Premium/Discount to List
-$235,000
-16.38%
Current Estimated Value
$1,964,328

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$764,328
Avg. Annual Appreciation
8.36%

Purchase Details

Listed on
Jul 10, 2017
Closed on
Dec 22, 2017
Sold by
Robey James W and Robey Maureen N
Bought by
Richardson Robert H and Richardson Laura R
Seller's Agent
Tim Lancsek
Surfside Realty
Buyer's Agent
Edith Rowe
Brindley Beach Vacations & Sales-Duck
List Price
$929,000
Sold Price
$819,000
Premium/Discount to List
-$110,000
-11.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.44%

Purchase Details

Closed on
Sep 2, 2003
Bought by
Robey James W and Robey Maureen N
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
Haynie James $1,200,000 None Available
Richardson Robert H $966,000 None Available
Robey James W $1,125,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/21/2020 02/21/20 Sold $1,200,000 -3.9% $272 / Sq Ft
02/06/2020 02/06/20 Pending -- -- --
11/16/2019 11/16/19 Price Changed $1,249,000 -3.8% $284 / Sq Ft
10/31/2019 10/31/19 Price Changed $1,299,000 -4.1% $295 / Sq Ft
10/07/2019 10/07/19 Price Changed $1,355,000 -1.7% $308 / Sq Ft
06/22/2019 06/22/19 Price Changed $1,379,000 -1.4% $313 / Sq Ft
04/07/2019 04/07/19 Price Changed $1,399,000 -2.5% $318 / Sq Ft
12/21/2018 12/21/18 For Sale $1,435,000 +75.2% $326 / Sq Ft
12/28/2017 12/28/17 Sold $819,000 -8.9% $244 / Sq Ft View Prior Sale
11/12/2017 11/12/17 Pending -- -- --
10/06/2017 10/06/17 Price Changed $899,000 -3.2% $268 / Sq Ft
07/10/2017 07/10/17 For Sale $929,000 -- $277 / Sq Ft
Source: Outer Banks Association of REALTORS®

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 $8,248 $1,081,700 $530,000 $551,700
2024 $8,248 $1,081,700 $530,000 $551,700
2023 $8,232 $1,081,700 $530,000 $551,700
2022 $6,093 $1,081,700 $530,000 $551,700
2021 $6,078 $1,010,300 $500,000 $510,300
2020 $5,760 $1,010,300 $500,000 $510,300
2019 $5,747 $917,100 $500,000 $417,100
2018 $5,241 $915,400 $500,000 $415,400
2017 $4,744 $915,400 $500,000 $415,400
2016 $4,744 $915,400 $500,000 $415,400
2015 $4,744 $915,400 $500,000 $415,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 103020

Outer Banks Association of REALTORS®

APN: 127C-000-0168-0000

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