NOT LISTED FOR SALE

357 Lindsey Ln Corolla, NC 27927

Estimated Value: $3,076,000 - $5,700,124

11 Beds
14 Baths
8,543 Sq Ft
$514/Sq Ft Est. Value

Last Sold July 11, 2014

Last sale price $4,050,000 $474 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $26,075/month

Highlights

  • Beach Front
  • Ocean View
  • Home Theater
  • Community Beach Access
  • Indoor Pool
  • Second Refrigerator

About This Home

As of July 2014

Experience the finest in oceanfront luxury while reveling in captivating views of the Atlantic Ocean, Audubon Sanctuary, and Currituck Sound. This home was thoughtfully designed to offer the utmost in extravagance and comfort, while providing incredible seascape views. Whether you are looking for a restorative vacation, or are just yearning for time spent by the sea, "The American Dream" creates an atmosphere for both. The third level of this home offers spaciousness and panoramic ocean views. An open floor plan marries the living, sitting, kitchen, and dining areas, which all have vistas of the Atlantic and plenty of room for catching up with loved ones. A double sided glass fireplace adds warmth to the floor, and is the perfect centerpiece for nights in which the salty tranquil breezes of the Atlantic are wafting through. Also found on this floor are two master bedrooms, which border a semi-private interior sitting area, and are sure to have stupendous views of the sun setting over the Currituck Sound. Six master bedrooms flank the gameroom and foyer on the second floor, which offers decks to the east and west for enjoyment of renowned Outer Banks sunrises and sunsets. The first level of this home offers three additional master bedrooms, as well as theatre and media rooms to provide a plethora of entertainment choices. An additional game room, complete with its own bar and retractable doors, leads to the pool area. A cabana, refreshing private pool and relaxing hot tub are found nestled between this home and the Atlantic, and offer spectacular perspectives of the serene coastal landscape.

Last Agent to Sell the Property

Sumit Gupta

VR Real Estate Advisors, LLC License #212627 Listed on: 07/11/2014

Last Buyer's Agent

Pete Salitore

Default, Office License #180349

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $5,820

Year Built

  • Built in 2014

Lot Details

  • Beach Front
  • Fenced Yard
  • Landscaped
  • Level Lot
  • Sprinkler System

HOA Fees

  • $292 Monthly HOA Fees

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Metal Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 8,543 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Home Theater
  • Game Room
  • Utility Room
  • Dryer

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • Tuck Under Parking
  • Paved Parking
  • Off-Street Parking

Accessible Home Design

  • Handicap Accessible

Pool

  • Indoor Pool
  • Cabana
  • Concrete Pool
  • Spa

Outdoor Features

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Private Water Source
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot 6

Community Details

Overview

  • Built by SAGA Construction
  • Pine Island Pud Subdivision

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Community Playground
  • Park

Property Details

Property Type

Other

Est. Annual Taxes

$5,820

Year Built

Built in 2014

Lot Details

0

HOA Fees

$292 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Extras: Beach Access, Boardwalk to Beach, Cabana, Ceiling Fan(s), Common Laundry Area, Covered Decks, Elevator, Fenced Yard, Gazebo, Handicap Friendly, Hot Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Patio, Security System, Smoke Detector(s), Sun Deck, Tiki Bar
  • Flood Zone: VE
  • Subdivision Name: Pine Island Reserve
  • Headline: Incredible OF Custom Home
  • Heated Sq Ft: 8543
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 0184
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Machine, Microwave, Refrigerator w/Ice Maker, Wall Oven, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 11
  • Bedroom 1: On Level: 3
  • Bedroom 2: On Level: 3
  • Bedroom 5: On Level: 2
  • Bedroom 6: On Level: 2
  • Bedroom 7: On Level: 2
  • Bedroom 8: On Level: 2
  • Kitchen: On Level: 3
  • Countertops: Granite, Marble, Silestone
  • Floor Coverings: Carpet, Ceramic Tile, Tile, Wood, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 12
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Walk in Closet, Washer Connection, Wet Bar
  • Dining Room: On Level: 3
  • Family Room: On Level: 2
  • Game Room: On Level: Ground
  • Living Room: On Level: 3
  • Optional Rooms: Breakfast Nook, Foyer, Game Room, Pantry, Home Theater
  • Partial Bathrooms: 2

Exterior Features

  • Homebuilder: SAGA Construction
  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool Type: Indoor, Concrete, Custom
  • Roof: Metal
  • View: Ocean, Sound

Garage/Parking

  • Parking: Paved, Off Street, Under

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Electric, Zoned
  • Oilgas Severed Pre Owner: No Representation
  • Sewer/Septic System: Community Septic
  • Water: Private

Condo/Co-op/Association

  • Association Amenities: Ocean Access, Outdoor-Off Site Pool, Outdoor-Off Site Tennis, Park, Playground
  • Association Fee: Yes
  • Estimated Annual Fee: 3500

Lot Info

  • Lot Description: Beach Frontage, Level, Water Frontage
  • Lot Faces: E
  • Lot Number: Lot 6
  • Deed Book: 1218

Rental Info

  • Est Annual Rental Income: 350000
  • Estimated Rental Performance: 0.0864
  • Lease Terms: Weekly
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: American Dream
  • Rental Cottage Number: ER06

Building Info

  • Year Built: 2014

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2013
  • Taxes: 5820

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2012
Closed on
Aug 28, 2012
Sold by
Pine Island Reserve Llc
Bought by
Palmieri Dr David and Palmieri Kelly A
Seller's Agent
Sumit Gupta
VR Real Estate Advisors, LLC
Buyer's Agent
Pete Salitore
Default, Office
List Price
$1,250,000
Sold Price
$1,250,000
Current Estimated Value
$4,388,062

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,138,062
Avg. Annual Appreciation
9.87%
Original Mortgage
$937,500
Outstanding Balance
$645,130
Interest Rate
3.68%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$3,742,932
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Palmieri Dr David $1,250,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palmieri Dr David $937,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/11/2014 07/11/14 Sold $4,050,000 0.0% $474 / Sq Ft
07/11/2014 07/11/14 For Sale $4,050,000 +224.0% $474 / Sq Ft
07/18/2013 07/18/13 Pending -- -- --
09/26/2012 09/26/12 Sold $1,250,000 0.0% -- View Prior Sale
06/25/2012 06/25/12 Pending -- -- --
01/26/2012 01/26/12 For Sale $1,250,000 -- --
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 $35,415 $4,815,500 $1,320,000 $3,495,500
2024 $35,415 $4,729,500 $1,320,000 $3,409,500
2023 $34,767 $4,729,500 $1,320,000 $3,409,500
2022 $25,426 $4,729,500 $1,320,000 $3,409,500
2021 $25,411 $3,045,300 $1,200,000 $1,845,300
2020 $16,948 $3,045,300 $1,200,000 $1,845,300
2019 $16,899 $3,045,300 $1,200,000 $1,845,300
2018 $0 $3,045,300 $1,200,000 $1,845,300
2017 $15,310 $3,045,300 $1,200,000 $1,845,300
2016 $15,310 $3,045,300 $1,200,000 $1,845,300
2015 -- $1,913,600 $1,200,000 $713,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 85132

Outer Banks Association of REALTORS®

APN: 127H-000-0006-0000