NOT LISTED FOR SALE

374 Deep Neck Rd Corolla, NC 27927

Estimated Value: $1,618,000 - $2,311,000

6 Beds
5.5 Baths
3,070 Sq Ft
$588/Sq Ft Est. Value

Last Sold February 28, 2013

Last sale price $1,225,000 $399 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $10,299/month

164 Days on Market

Highlights

  • Community Beach Access
  • In Ground Pool
  • Wood Flooring
  • Ocean Front
  • Cathedral Ceiling
  • Loft

About This Home

As of February 2013

What's not to like? Renters continue to choose Summer School because of being tastefully updated, family friendly, direct beach access and least densely populated section of beach in Corolla and Duc k(Super consistent rents-as of Jan 19, 2013 only one week left to rent between Memorial Day and Labor Day). Summer School has recently been treated with a remodel in 2009, bringing it's effective age to new status. Details on work completed: Interior-New solid maple cabinets, granite countertops (absolute black), marble subway tile backsplash, stainless steel appliances, faucet, stainless steel sink, all new bathrooms, solid maple vanities, solid surface Corian vanity tops undermount sinks, tile floors, shower/tub, faucets, vanity lights and mirrors, New hardwood floors throughout and carpet in all Bedrooms. Professionally decorated w/ high end furnishings and accessories: Furniture in entire house-sofas (5), end tables, coffee tables, beds, mattresses, TV's in family rm & all bedrooms, stereo/DVD machines, kitchen table (Customer table from reclaimed wood) & chairs, table & chairs in Captains Watch, rugs, lights, bedspreads, pillows & built in bunk beds lower level (custom designed like ships bunk room). Exterior Work: New Hardi Plank siding & composite trim, pool pump, 6-8 person hot tub, exterior lights, hammock, outside heavy polywood furniture (made from recycled milk cartons) on decks, furniture around pool, picture window in great room, several windows & sliding glass door bottom level. X Flood zone The proactive Pine Island Dune program promotes healthy dunes. **Add back in the owner weeks and this home should easily have over 100k in yearly rents.

Last Agent to Sell the Property

Pete Salitore

Default, Office License #180349 Listed on: 08/28/2012

Last Buyer's Agent

Daphne Degabrielle

Outer Banks Realty Group License #136949

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,033

Year Built

  • Built in 1996

Lot Details

  • 0.53 Acre Lot
  • Lot Dimensions are 116 x 200
  • Ocean Front
  • Property fronts a private road

HOA Fees

  • $208 Monthly HOA Fees

Home Design

  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 3,070 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Loft
  • Screened Porch
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Second Dishwasher
  • Granite Countertops
  • Corian Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Outdoor Shower

Utilities

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

Listing and Financial Details

  • Tax Lot 147

Community Details

Overview

  • Association fees include common electric, common insurance, grounds maintenance, management, pool, security, tennis courts, walkways
  • Seaside Mgmt Association
  • Pine Island Pud Subdivision

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,033

Year Built

Built in 1996

Lot Details

0

HOA Fees

$208 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: Right on Pine Gate, right on Deep Neck, towards cul-de-sac.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Outside Shower, Screened Porch
  • Flood Zone: X
  • Subdivision Name: Pine Island
  • Headline: BEST BUY! Remodeled, Location!
  • Heated Sq Ft: 3070
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: Res
  • Deed Book Pg Number: 913
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher
  • Bedrooms: 6
  • Countertops: Granite, Corian, Solid Surface
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Foundation: Piling, Slab
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Gas Connection, Gas Fireplace, Ensuite, Washer Connection
  • Optional Rooms: Loft, Shipswatch
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Lap Siding, Cement Fiber Board
  • Pool: Yes
  • Pool Type: Outdoor, In Ground
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 100
  • View: Ocean

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Grounds Maintenance, Management, Pool, Security, Tennis Courts, Walkways
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Board Walk
  • Association Fee: Yes
  • Estimated Annual Fee: 2495
  • Hoa Contact: Seaside Mgmt
  • HOA Contact: 261-1794
  • Home Owner Dwelling Insurance: 5424

Lot Info

  • Estimated Lot Sq Ft: 23145
  • Lot Faces: E
  • Lot Size: 116 x 200
  • Lot Number: Lot 147
  • Deed Book: 1096

Rental Info

  • Est Annual Rental Income: 95705
  • Estimated Rental Performance: 0.0781
  • Flood Expenses: 395
  • Lease Terms: Weekly
  • Other Expenses: 900000
  • Poolspa Expense: 1967
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Summer School
  • Rental Cottage Number: E147
  • Rental Phone Number: 457-1100
  • Rental Turnover Day: Sat
  • Total Expenses: 11671
  • Yearly Expense Actual Estimate: Actual
  • Annual Electric: 3558
  • Annual Water Expense: 910

Building Info

  • Year Built: 1996

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2011
  • Taxes: 5033

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2012
Closed on
Feb 15, 2013
Sold by
Metteheimer Michael K and Chandler Leslie C
Bought by
Forgas Michael E and Forgas Lisa S
Seller's Agent
Pete Salitore
Default, Office
Buyer's Agent
Daphne Degabrielle
Outer Banks Realty Group
List Price
$1,275,000
Sold Price
$1,225,000
Premium/Discount to List
-$50,000
-3.92%
Current Estimated Value
$1,806,001

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$581,001
Avg. Annual Appreciation
3.11%

Purchase Details

Closed on
Oct 9, 2009
Sold by
Citibank Na
Bought by
Mettenheimer Michael K and Chandler Leslie C

Purchase Details

Closed on
Jul 23, 2009
Sold by
Inaldo Jose B and Inaldo Fe
Bought by
Citibank Na

Purchase Details

Closed on
Oct 7, 2007
Sold by
Aquipel Dominador T and Aquipel Perla
Bought by
Aquipel Dominador T and Inaldo Jose T

Purchase Details

Closed on
Jun 2, 2006
Sold by
Aquipel Dominador T
Bought by
Aquipel Llc

Purchase Details

Closed on
Dec 21, 2005
Sold by
Zasada Andrew Peter and Zasada Jennifer Ruth
Bought by
Aquipel Dominador T and Inaldo Jose B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.84%
Mortgage Type
Stand Alone Second
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
Forgas Michael E $1,225,000 None Available
Mettenheimer Michael K $775,000 None Available
Citibank Na $1,183,237 None Available
Aquipel Dominador T -- None Available
Aquipel Llc -- None Available
Aquipel Dominador T $1,571,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aquipel Dominador T $300,000
Previous Owner Aquipel Dominador T $1,099,525
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2013 02/28/13 Sold $1,225,000 -3.9% $399 / Sq Ft
02/08/2013 02/08/13 Pending -- -- --
08/28/2012 08/28/12 For Sale $1,275,000 -- $415 / 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 $7,654 $1,026,700 $530,000 $496,700
2023 $6,713 $1,010,000 $530,000 $480,000
2022 $5,709 $1,010,000 $530,000 $480,000
2021 $5,694 $953,300 $500,000 $453,300
2020 $5,455 $953,300 $500,000 $453,300
2019 $5,443 $953,300 $500,000 $453,300
2018 $0 $953,300 $500,000 $453,300
2017 $4,946 $953,300 $500,000 $453,300
2016 $4,946 $953,300 $500,000 $453,300
2015 -- $950,400 $500,000 $450,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 76105

Outer Banks Association of REALTORS®

APN: 127C-000-0147-0000