NOT LISTED FOR SALE

395 Deep Neck Rd Corolla, NC 27927

Estimated Value: $2,810,000 - $3,353,457

6 Beds
8 Baths
4,271 Sq Ft
$736/Sq Ft Est. Value

Last Sold October 29, 2018

Last sale price $1,535,000 $359 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $17,630/month

696 Days on Market

Highlights

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

About This Home

As of October 2018

This home has achieved $160,657 in rental income for 2018! At the 76th Meridian, the location is where you want to be! Enjoy Pine Island amenities, private, uncrowded beach access, a strong dune and a large, wide home site. Offered by the original owners, this home has been carefully planned, built and maintained. 5 KING master bedrooms feature OCEAN VIEWS! This home is packed with amenities and features that everyone will appreciate--strong ocean views, big windows and broad sight lines are complimented by professionally chosen furnishings, hardwood floors and a beautifully updated kitchen. The sun room upstairs offers extra space as does the media and game room on the ground floor. The large pool area features a shaded pergola, dedicated play area for the kids and a 16 x 36 pool. This is a great home at a great price! $149,176 2017 Actual Income with no pets--room to grow income! NEW ROOF, NEW HARDWOOD FLOORS, METICULOUS and CONSISTENT MAINTENANCE...pool area, walkway, inside and out this home is in top condition! DUNE IS GROWING. PRICED BELOW ASSESSMENT. 2018 prime weekly rate $11,330

Last Agent to Sell the Property

Gray Berryman

Carolina Designs Realty License #214315 Listed on: 06/28/2016

Last Buyer's Agent

Martha Springer

Twiddy and Company - Corolla License #135162

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,392

Year Built

  • Built in 1995

Lot Details

  • Beach Front
  • Property fronts a private road
  • Landscaped

HOA Fees

  • $208 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 4,271 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Gas Fireplace
  • Window Treatments
  • Home Theater
  • Game Room
  • Sun or Florida Room
  • Ocean Views
  • Dryer

Kitchen

  • Built-In Oven
  • Built-In Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Hydromassage or Jetted Bathtub

Parking

  • Paved Parking
  • Off-Street Parking

Pool

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

Utilities

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

Listing and Financial Details

  • Tax Lot 126

Community Details

Overview

  • Association fees include management, road maintenance, walkways
  • Pine Island Pud Subdivision

Amenities

  • Common Area

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,392

Year Built

Built in 1995

Lot Details

0.7 Acres

HOA Fees

$208 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Extras: Beach Access, Boardwalk to Beach, Hot Tub, Jet Tub, Landscaped
  • Subdivision Name: Pine Island
  • Headline: Location Condition & Value!
  • Heated Sq Ft: 4271
  • L V T Date: 06/29/2016
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 718
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: No
  • Newpoint Media: Yes
  • Office License Number: C6124
  • Outer Banks Software: Yes
  • Terradatum Inc: No
  • W And R Studios: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Countertop Range, Dishwasher, Dryer, Microwave, Refrigerator w/Ice Maker, Wall Oven, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 6
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Wood
  • Foundation: Piling
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Gas Fireplace, Ice Maker Connection
  • Optional Rooms: Game Room, Sun/Florida Room, Media Room
  • Partial Bathrooms: 2

Exterior Features

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

Garage/Parking

  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Management, Road Maintenance, Walkways
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 2495

Lot Info

  • Lot Description: Beach Frontage, Water Frontage
  • Lot Number: Lot 126
  • Deed Book: 1317

Rental Info

  • Est Annual Rental Income: 162937
  • Estimated Rental Performance: 0.1061
  • Lease Terms: Weekly
  • Other Expenses: 1
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: 76th Meridian
  • Rental Cottage Number: E126
  • Rental Turnover Day: Sat

Building Info

  • Year Built: 1995

Tax Info

  • Year: 2017
  • Taxes: 9391.84

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2016
Closed on
Oct 29, 2018
Sold by
Pakos Patricia A and Pakos Paul
Bought by
76 Meridian Llc
Seller's Agent
Gray Berryman
Carolina Designs Realty
Buyer's Agent
Martha Springer
Twiddy and Company - Corolla
List Price
$1,950,000
Sold Price
$1,535,000
Premium/Discount to List
-$415,000
-21.28%
Current Estimated Value
$3,142,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,607,864
Avg. Annual Appreciation
10.24%
Original Mortgage
$1,000,000
Outstanding Balance
$870,355
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$2,272,509
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
76 Meridian Llc $1,535,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 76 Meridian Llc $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2018 10/29/18 Sold $1,535,000 -21.3% $359 / Sq Ft
05/25/2018 05/25/18 Pending -- -- --
06/28/2016 06/28/16 For Sale $1,950,000 -- $457 / 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 $15,355 $2,095,000 $1,557,600 $537,400
2024 $15,355 $2,095,000 $1,557,600 $537,400
2023 $15,339 $2,095,000 $1,557,600 $537,400
2022 $11,271 $2,095,000 $1,557,600 $537,400
2021 $11,256 $1,877,600 $1,338,600 $539,000
2020 $10,378 $1,877,600 $1,338,600 $539,000
2019 $10,364 $1,877,600 $1,338,600 $539,000
2018 $10,364 $1,877,600 $1,338,600 $539,000
2017 $9,392 $1,877,600 $1,338,600 $539,000
2016 $9,392 $1,877,600 $1,338,600 $539,000
2015 $9,405 $1,877,600 $1,338,600 $539,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 92939

Outer Banks Association of REALTORS®

APN: 127C-000-0126-0000

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