NOT LISTED FOR SALE

355 Lindsey Ln Corolla, NC 27927

Estimated Value: $3,564,000 - $7,965,000

12 Beds
16 Baths
9,226 Sq Ft
$643/Sq Ft Est. Value

Last Sold February 16, 2018

Last sale price $4,440,000 $481 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $34,865/month

330 Days on Market

Highlights

  • Beach Front
  • Home Theater
  • Sauna
  • Ocean View
  • Cabana
  • Second Refrigerator

About This Home

As of February 2018

OCEANFRONT PINE ISLAND RESERVE: This home has consistently produced over $400,000+ in rental income and that is with the owners taking family time in season! 2017 income has exceeded $433,000. Call for information on the potential earnings if released for bookings year round! This is your opportunity to be one of the few who will own in this distinctive community with it's collection of luxurious oceanfront homes which are renowned for their ocean to sound views and serene surroundings of the Pine Island Audubon Sanctuary. This innovative design features the highest quality of upscale finishes, fixtures, and furnishings. The list of impressive extras include an event kitchen, outdoor living areas with sports bar , additional kitchen, and 22 covered dining seats at heated pool area, cabana, multiple interior sitting areas with wet bars, multiple fireplaces, screened and covered porches, sauna, spa room, home theater, billiards room, breakfast nook, and more. Teak hardwood floors, teak boat bar with cherry cabinets, tile, and granite are everywhere. Almost 5,000 square feet of decks, Porte Cochiere, screened and other porches for spaciousness and great outdoor living! Tremendous rental income and history.

Last Agent to Sell the Property

Four Seasons Realty

Four Seasons Realty License #177785 Listed on: 12/26/2016

Co-Listed By

Robert Konstanzer

Four Seasons Realty License #189406

Last Buyer's Agent

Martha Springer

Twiddy and Company - Corolla License #135162

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,169

Year Built

  • Built in 2013

Lot Details

  • Beach Front
  • Fenced Yard
  • Landscaped

HOA Fees

  • $450 Monthly HOA Fees

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

  • Coastal Architecture
  • Contemporary Architecture

Interior Spaces

  • 9,226 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Home Theater
  • Library
  • Game Room
  • Screened Porch
  • Sauna

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Built-In Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Wine Cooler
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Handicap Accessible

Pool

  • Cabana
  • Outdoor Pool
  • Spa

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Patio
  • Exterior Lighting

Utilities

  • Heat Pump System
  • Fuel Tank

Listing and Financial Details

  • Tax Lot 7

Community Details

Overview

  • Seaside Management Association, Phone Number (252) 261-1200
  • Pine Island Pud Subdivision

Recreation

  • Community Boardwalk
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,169

Year Built

Built in 2013

Lot Details

0

HOA Fees

$450 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Coastal
  • Directions: Heading north on Hwy 12, turn right on Lindsey Lane. Home is at 355 Lindsey Ln.
  • Extras: Beach Access, Boardwalk to Beach, Cabana, Ceiling Fan(s), Covered Decks, Elevator, Fenced Yard, Handicap Friendly, Hot Tub, Landscaped, Outside Lighting, Patio, Screened Porch, Sauna, Sun Deck
  • Flood Zone: AE
  • Subdivision Name: Pine Island Reserve
  • Headline: 495K income w/no owner use
  • Heated Sq Ft: 9226
  • L V T Date: 12/26/2016
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: RES
  • Deed Book Pg Number: 939
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C14915
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Countertop Range, Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator, Wine Cooler
  • Bedrooms: 12
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Hardwood
  • Full Bathrooms: 14
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Gas Fireplace, Ensuite, Wet Bar
  • Optional Rooms: Breakfast Nook, Foyer, Game Room, Library/Study, Home Theater
  • Partial Bathrooms: 2

Exterior Features

  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Private Pool, Association Pool
  • View: Ocean, Sound

Utilities

  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Fuel Tanks: Leased

Condo/Co-op/Association

  • Association Fee: Yes
  • Estimated Annual Fee: 5400
  • Hoa Contact: Seaside Management
  • HOA Contact: 252-261-1200

Lot Info

  • Lot Description: Beach Frontage, Water Frontage
  • Lot Number: Lot 7
  • Deed Book: 1204

Rental Info

  • Est Annual Rental Income: 495220
  • Estimated Rental Performance: 0.1115
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Harry's Harbor
  • Rental Cottage Number: ER007
  • Rental Turnover Day: Sunday

Building Info

  • Year Built: 2013

Tax Info

  • Year: 2017
  • Taxes: 17169.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 26, 2016
Closed on
Feb 5, 2018
Sold by
Carr Harry Edward and Carr Barbara R
Bought by
The Dgobx Llc
Seller's Agent
Four Seasons Realty
Four Seasons Realty
Buyer's Agent
Martha Springer
Twiddy and Company - Corolla
List Price
$4,999,000
Sold Price
$4,440,000
Premium/Discount to List
-$559,000
-11.18%
Current Estimated Value
$5,932,387

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,492,387
Avg. Annual Appreciation
3.83%
Original Mortgage
$3,520,000
Outstanding Balance
$1,999,086
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$3,933,301

Purchase Details

Listed on
Jun 15, 2012
Closed on
Jun 15, 2012
Bought by
Carr Harry Edward and Carr Barbara R
Seller's Agent
Sumit Gupta
VR Real Estate Advisors, LLC
Buyer's Agent
Pete Salitore
Default, Office
List Price
$3,750,000
Sold Price
$3,750,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.02%
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
The Dgobx Llc $4,440,000 None Available
Carr Harry Edward $1,325,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Dgobx Llc $3,520,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/16/2018 02/16/18 Sold $4,440,000 -11.2% $481 / Sq Ft
11/21/2017 11/21/17 Pending -- -- --
12/26/2016 12/26/16 For Sale $4,999,000 +33.3% $542 / Sq Ft
06/15/2012 06/15/12 Sold $3,750,000 0.0% $406 / Sq Ft View Prior Sale
06/15/2012 06/15/12 For Sale $3,750,000 -- $406 / Sq Ft
05/15/2012 05/15/12 Pending -- -- --
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 $39,637 $5,368,400 $1,320,000 $4,048,400
2023 $39,604 $5,368,400 $1,320,000 $4,048,400
2022 $28,847 $5,368,400 $1,320,000 $4,048,400
2021 $28,832 $3,414,100 $1,200,000 $2,214,100
2020 $18,951 $3,414,100 $1,200,000 $2,214,100
2019 $18,951 $3,414,100 $1,200,000 $2,214,100
2018 $18,951 $3,414,100 $1,200,000 $2,214,100
2017 $17,169 $3,414,100 $1,200,000 $2,214,100
2016 $16,638 $3,414,100 $1,200,000 $2,214,100
2015 $16,638 $3,295,500 $1,200,000 $2,095,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 94654

Outer Banks Association of REALTORS®

APN: 127H-000-0007-0000