NOT LISTED FOR SALE

322 Pirates Way Unit 322 Manteo, NC 27954

Estimated Value: $520,000 - $569,000

3 Beds
2.5 Baths
1,448 Sq Ft
$372/Sq Ft Est. Value

Last Sold October 31, 2017

Last sale price $275,000 $190 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $3,654/month

178 Days on Market

Highlights

  • Private Dock
  • Gated Community
  • Clubhouse
  • Outdoor Pool
  • Home fronts a canal
  • Contemporary Architecture

About This Home

As of October 2017

NEW INTERIOR PAINT. Over 1,440HSF, this 3BR, 2BA, Half Bath condo is a coveted floorplan designed with lower and upper levels, a soaring cathedral ceiling, double glass sliding doors, and woodburning fireplace. This potential investment property features hardwood floors, ceramic tile kitchen and bath floors, corian countertops, modern lighting, ceramic tile backsplash and additional kitchen cabinets for plenty of storage. Never rented and with RESERVED PARKING, this bright and airy potential investment property overlooks the canal and has direct sound access from the 25FT boat dock that conveys to qualified boat owners. Located in the gated community of Pirate's Cove, amenities include: swimming pools, tennis courts, clubhouse, fitness center, playground, on-site restaurant, world-class fishing marina and 4 miles of perimeter docking perfect for walking or fishing.

Last Agent to Sell the Property

Elizabeth Cloninger

Pirates Cove Realty License #270965 Listed on: 03/28/2017

Pirates Cove Realty

Last Buyer's Agent

Elizabeth Cloninger

Pirates Cove Realty License #270965 Listed on: 03/28/2017

Pirates Cove Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,113

Year Built

  • Built in 1989

Lot Details

  • Home fronts a canal
  • Property fronts a private road
  • Landscaped
  • Sprinkler System

HOA Fees

  • $555 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Property Attached
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 1,448 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Canal Views
  • Washer and Dryer Hookup

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Parking

  • Paved Parking
  • Reserved Parking

Outdoor Features

  • Outdoor Pool
  • Private Dock
  • Covered Deck

Utilities

  • Forced Air Heating and Cooling System
  • Municipal Utilities District for Water and Sewer

Community Details

Overview

  • Association fees include building maintenance, common electric, common insurance, flood insurance, grounds maintenance, management, pool, road maintenance, security, sewer/septic, tennis courts, water, walkways
  • Pc Buccaneer Vill Subdivision

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,113

Year Built

Built in 1989

Lot Details

0

HOA Fees

$555 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary
  • Directions: Enter into Pirate's Cove Community, thru guard gate. Condo building #3 on right.
  • Extras: Ceiling Fan(s), Covered Decks, Landscaped, Lawn Sprinklers, Boat Dock
  • Flood Zone: AE
  • Headline: Incredible Canalfront Unit
  • Heated Sq Ft: 1448
  • L V T Date: 03/28/2017
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Unit Level Number: 2
  • Waterfront Location: Canalfront
  • Zoning: res
  • Deed Book Pg Number: 0081
  • Major Subdivision: Pirates Cove
  • Office License Number: C20146
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Disposal, Dishwasher, Microwave, Range/Oven, Refrigerator w/Ice Maker
  • Bedrooms: 3
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 2
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Ensuite, Washer Connection, Wood Fireplace
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Exterior: Wood, Cement Fiber Board
  • Pool: Yes
  • Pool: Association
  • Pool Type: Public, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Canal

Garage/Parking

  • Parking: Paved, Reserved

Utilities

  • Cooling: Central
  • Heating: Electric, Forced Air
  • Sewer/Septic System: Municipal Sewer
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Building Maintenance, Common Electric, Common Insurance, Flood Insurance, Grounds Maintenance, Management, Pool, Road Maintenance, Security, Sewer/Septic, Tennis Courts, Water, Walkways
  • Condo Type: Attached
  • Association Amenities: Boat Dock, Clubhouse, Gated Community, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Sound Access, Common Area
  • Estimated Annual Fee: 6660

Lot Info

  • Lot Description: Bulkheaded, Water Frontage
  • Deed Book: 1690

Rental Info

  • Est Annual Rental Income: 23193
  • Estimated Rental Performance: 0.0843

Building Info

  • Year Built: 1989

Tax Info

  • Year: 2016
  • Taxes: 2113.26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2017
Closed on
Oct 31, 2017
Sold by
Kauffman Peter and Kauffman Jane A
Bought by
Tripp Joseph Elliott and Tripp Sheila R
Seller's Agent
Elizabeth Cloninger
Pirates Cove Realty
Buyer's Agent
Elizabeth Cloninger
Pirates Cove Realty
List Price
$299,000
Sold Price
$275,000
Premium/Discount to List
-$24,000
-8.03%
Current Estimated Value
$538,407

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$263,407
Avg. Annual Appreciation
8.95%

Purchase Details

Closed on
Jun 1, 2006
Sold by
Miller Patrick D and Miller Sharon C
Bought by
Kauffman Peter and Kauffman Jane A
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
Tripp Joseph Elliott $275,000 None Available
Kauffman Peter $417,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kauffman Peter E $306,000
Previous Owner Kauffman Peter E $319,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2017 10/31/17 Sold $275,000 -1.8% $190 / Sq Ft
09/22/2017 09/22/17 Pending -- -- --
07/07/2017 07/07/17 Price Changed $279,900 -3.1% $193 / Sq Ft
06/06/2017 06/06/17 Price Changed $289,000 -3.3% $200 / Sq Ft
03/28/2017 03/28/17 For Sale $299,000 -- $206 / 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 $2,063 $223,000 $75,000 $148,000
2023 $2,064 $276,690 $75,000 $201,690
2022 $2,033 $272,470 $75,000 $197,470
2021 $2,070 $272,470 $75,000 $197,470
2020 $2,095 $280,790 $75,000 $205,790
2019 $2,179 $252,400 $105,000 $147,400
2018 $2,120 $252,400 $105,000 $147,400
2017 $2,226 $252,400 $105,000 $147,400
2016 $2,113 $252,400 $105,000 $147,400
2014 $2,093 $252,400 $105,000 $147,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 95793

Outer Banks Association of REALTORS®

APN: 025694290