NOT LISTED FOR SALE

398 Deep Neck Rd Corolla, NC 27927

Estimated Value: $1,475,000 - $1,757,000

6 Beds
7 Baths
3,625 Sq Ft
$440/Sq Ft Est. Value

Last Sold September 12, 2023

Last sale price $1,499,000 $414 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $9,126/month

11 Days on Market

Highlights

  • Community Beach Access
  • Health Club
  • Second Refrigerator
  • Ocean Front
  • In Ground Pool
  • Coastal Architecture

About This Home

As of September 2023

Breathtaking beach home with ocean views! This rare second row semi-oceanfront home design offers endless space both inside and out to relax and unwind, play and take in the beautiful surroundings in the highly sought after community of Pine Island. Effortlessly stroll to the beach with access directly across from your front door or spend the day lounging in your tree surrounded private back yard oasis with large pool, hot tub and shaded pergola. The reverse floor plan offers ample space with 6 large bedrooms, 5 full bathrooms and 2 half baths. The lower level includes a primary bedroom + ensuite, bunk room + ensuite, half bath, den + laundry, game room, movie room with a kitchenette and dining space. The mid level includes 3 large bedrooms with two of them having an attached ensuite. The upper level includes a private primary bedroom + ensuite, grand living space with ocean views, lookout loft, half bath, kitchen and dining room. Recent updates include a brand new roof, new upper level decking, new outdoor stairs, newer 2021 hot tub, HVAC units replaced in 2018 & 2019. This home has been a solid rental performer and the 2024 season projection is $125K! Do not miss this opportunity! The Pine Island community offers incredible amenities: beach club, health club, outdoor community pool, racquet and fitness center, and walking trails.

Last Agent to Sell the Property

Jayme Pilot

ROG OBX, Inc License #333895 Listed on: 07/27/2023

Last Buyer's Agent

Four Seasons Realty

Four Seasons Realty License #177785

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,513

Year Built

  • Built in 1994

Lot Details

  • Ocean Front
  • Property fronts a private road
  • Property is zoned SFO

HOA Fees

  • $257 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 3,625 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Loft
  • Game Room
  • Ocean Views

Kitchen

  • Oven or Range
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • Tuck Under Parking
  • Paved Parking

Pool

  • In Ground Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck

Utilities

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

Listing and Financial Details

  • Tax Lot 155

Community Details

Overview

  • Association fees include management, pool, road maintenance, tennis courts, walkways
  • Seaside Management Association, Phone Number (252) 261-1200
  • Pine Island Pud Subdivision

Amenities

  • Common Area

Recreation

  • Community Beach Access
  • Health Club
  • Tennis Courts
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,513

Year Built

Built in 1994

Lot Details

0

HOA Fees

$257 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Hot Tub, Jet Tub, Outside Shower, Sun Deck, Dry Entry
  • Flood Zone: X
  • Headline: Semi-Oceanfront Beauty!
  • Heated Sq Ft: 3625
  • L V T Date: 07/27/2023
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: SFO
  • Advertised Income 2022: 117263
  • Deed Book Pg Number: 464
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C30605
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 6
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Cathedral Ceiling(s), Gas Fireplace, Ensuite, Walk in Closet, 1st Flr Ensuite
  • Optional Rooms: Game Room, Loft
  • Partial Bathrooms: 2

Exterior Features

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

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Under

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Heat Pump, Zoned
  • Fuel Tanks: Leased
  • Septic Fee: 506
  • Sewer/Septic System: Municipal Sewer
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Management, Pool, Road Maintenance, Tennis Courts, Walkways
  • Association Amenities: Health Club, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 3085
  • Hoa Contact: Seaside Management
  • HOA Contact: 252-261-1200
  • Home Owner Dwelling Insurance: 13395

Lot Info

  • Lot Number: Lot 155
  • Deed Book: 858

Rental Info

  • Est Annual Rental Income: 125000
  • Estimated Rental Performance: 0.0834
  • Lease Terms: Weekly
  • Other Insurance Expenses: 1410
  • Poolspa Expense: 5178
  • Rental Co: Vacasa - North
  • Rental Turnover Day: Saturday
  • Annual Cable TV Expense: 2480
  • Annual Electric: 3750
  • Annual Water Expense: 872
  • Rental Contact Email: beth.humbrecht@vacasa.com
  • Rental Contact Name: Vacasa

Building Info

  • Year Built: 1994

Tax Info

  • Year: 2022
  • Taxes: 5513.41

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2023
Closed on
Sep 11, 2023
Sold by
Luttrell Gregory B and Luttrell Barbara A
Bought by
398 Deep Neck Llc
Seller's Agent
Jayme Pilot
ROG OBX, Inc
Buyer's Agent
Four Seasons Realty
Four Seasons Realty
List Price
$1,499,000
Sold Price
$1,499,000
Views
64
Current Estimated Value
$1,574,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,063
Avg. Annual Appreciation
2.75%

Purchase Details

Closed on
Apr 21, 2005
Sold by
George Robert C and George Carol R
Bought by
Luttrell Gregory B and Luttrell Barbara A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
5.79%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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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
398 Deep Neck Llc -- None Listed On Document
Luttrell Gregory B $1,330,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Luttrell Gregory B $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2023 09/12/23 Sold $1,499,000 0.0% $414 / Sq Ft
08/07/2023 08/07/23 Pending -- -- --
07/27/2023 07/27/23 For Sale $1,499,000 -- $414 / 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
2025 $7,468 $973,400 $530,000 $443,400
2024 $7,468 $973,400 $530,000 $443,400
2023 $7,452 $973,400 $530,000 $443,400
2022 $5,513 $973,400 $530,000 $443,400
2021 $5,510 $916,900 $500,000 $416,900
2020 $5,240 $916,900 $500,000 $416,900
2019 $5,240 $916,900 $500,000 $416,900
2018 $5,240 $916,900 $500,000 $416,900
2017 $4,751 $916,900 $500,000 $416,900
2016 $4,751 $916,900 $500,000 $416,900
2015 $4,751 $916,900 $500,000 $416,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 122918

Outer Banks Association of REALTORS®

APN: 127C-000-0155-0000