NOT LISTED FOR SALE

408 Deep Neck Rd Corolla, NC 27927

Estimated Value: $1,743,386 - $1,877,000

6 Beds
8 Baths
4,165 Sq Ft
$435/Sq Ft Est. Value

Last Sold August 27, 2018

Last sale price $990,000 $238 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $10,426/month

516 Days on Market

Highlights

  • Community Beach Access
  • Home Theater
  • Second Refrigerator
  • Ocean View
  • Heated In Ground Pool
  • Contemporary Architecture

About This Home

As of August 2018

In the award-winning community of Pine Island, this house is truly "sun-kissed". It is bright and sunny, with a comfortable cheery decor that welcomes all. The owners have cherished their beach-made memories from this house, and their impeccable maintenance of the house is indicative of their love for this beach home. As you stroll through all three floors of this lovely home you will notice the abundance of special amenities. There are 6 bedrooms, with 4 masters. Some of the bedrooms have their own entrance to private decks or to the expansive decks that surround the house. With the elevator and the special access bathroom, you can accommodate those with special needs. There is a media room, an office area, a reading nook, allowing plenty of space for everyone. Outside you will find a heated pool, hot tub, volleyball court, and you are a hop, skip, and a jump to the beautiful Corolla beach. For the cooks, there is a gourmet kitchen with a 6 burner Viking gas stove, two wall ovens, a subzero refrigerator, two dishwashers, with a large walk-in pantry all surrounded by lovely granite counter tops. The descriptive list could continue, but you should just come see for yourself what a special house this is. This is absolutely a house that anyone would be proud to call their own.

Last Agent to Sell the Property

Sally Markham

Howard Hanna Outer Banks Realt License #220121 Listed on: 02/12/2017

Howard Hanna Outer Banks Realt

Co-Listed By

John Gross

Howard Hanna Outer Banks Realt License #207294

Last Buyer's Agent

Tim Lancsek

Surfside Realty License #210399

Surfside Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,081

Year Built

  • Built in 2000

Lot Details

  • 0.65 Acre Lot
  • Property fronts a private road
  • Landscaped
  • Corner Lot
  • Sprinkler System

HOA Fees

  • $257 Monthly HOA Fees

Parking

  • Off-Street Parking

Property Views

  • Ocean
  • Park or Greenbelt

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 4,165 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Home Theater
  • Home Security System

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Pool

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

Utilities

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

Additional Features

  • Handicap Accessible
  • Patio

Listing and Financial Details

  • Tax Lot 99

Community Details

Overview

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

Recreation

  • Community Beach Access
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,081

Year Built

Built in 2000

Lot Details

0

HOA Fees

$257 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary
  • Directions: Going north, turn right on Pine Gate, left on Deep Neck, 408 is at the corner of Deep Neck and Myrtle Pond on the left.
  • Extras: Beach Access, Ceiling Fan(s), Elevator, Handicap Friendly, Hot Tub, Jet Tub, Landscaped, Lawn Sprinklers, Outside Shower, Patio, Security System, Dry Entry
  • Flood Zone: X
  • Subdivision Name: Pine Island
  • Headline: ready to sell
  • Heated Sq Ft: 4165
  • L V T Date: 02/14/2017
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: 2 - lots from oceanfront (3rd row
  • Zoning: R
  • Deed Book Pg Number: 47
  • Office License Number: C5591
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Countertop Range, Dishwasher, Dryer, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator, Wine Cooler
  • Bedrooms: 6
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Wood
  • Foundation: Piling, Slab
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Cedar Closet(s), Gas Fireplace, Ensuite, Pantry, Wet Bar
  • Optional Rooms: Foyer, Pantry, Media Room
  • Partial Bathrooms: 2

Exterior Features

  • Construction: Frame
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Heated, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean, Park Serv/Preserve

Garage/Parking

  • Garage: Carport
  • Parking: Off Street

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Road Maintenance, Walkways
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool
  • Association Fee: Yes
  • Estimated Annual Fee: 3084

Lot Info

  • Estimated Lot Sq Ft: 28500
  • Lot Description: Corner
  • Lot Number: Lot 99
  • Estimated Lot Size: 0.65
  • Deed Book: 1147

Rental Info

  • Rental Co: Carolina Designs
  • Rental Cottage Name: Sun Kissed
  • Rental Cottage Number: 423
  • Rental Phone Number: 252-261-3934
  • Rental Turnover Day: Sunday

Building Info

  • Year Built: 2000

Tax Info

  • Year: 2017
  • Taxes: 5080.86

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2017
Closed on
Aug 27, 2018
Sold by
Kraske Paul S and Swann Stacy Ann
Bought by
Davis Steven E and Davis Catherine E
Seller's Agent
Sally Markham
Howard Hanna Outer Banks Realt
Buyer's Agent
Tim Lancsek
Surfside Realty
List Price
$1,250,000
Sold Price
$990,000
Premium/Discount to List
-$260,000
-20.8%
Current Estimated Value
$1,811,347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$821,347
Avg. Annual Appreciation
8.59%
Original Mortgage
$792,000
Outstanding Balance
$684,947
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$1,126,400

Purchase Details

Closed on
Dec 9, 2010
Sold by
Us Bank National Association
Bought by
Kraske Paul S and Swann Stacy Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 8, 2010
Sold by
Hamby Adam N
Bought by
Us Bank National Association

Purchase Details

Closed on
Jan 14, 2008
Sold by
Hamby Adam N
Bought by
Titan Estate Investments Llc

Purchase Details

Closed on
Dec 5, 2006
Sold by
Titan Estate Investments Llc
Bought by
Hamdy Adam N

Purchase Details

Closed on
Jan 4, 2006
Sold by
Hamby Adam N
Bought by
Titan Estate Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.5%
Mortgage Type
Assumption

Purchase Details

Closed on
Dec 9, 2005
Sold by
Vitz Brian L and Vitz Patricia E
Bought by
Hamby Adam N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.5%
Mortgage Type
Assumption
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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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
Davis Steven E $990,000 None Available
Kraske Paul S $820,000 None Available
Us Bank National Association $1,052,576 None Available
Titan Estate Investments Llc -- None Available
Hamdy Adam N -- None Available
Titan Estate Investments Llc -- None Available
Hamby Adam N $1,650,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davis Steven E $792,000
Previous Owner Kraske Paul S $417,000
Previous Owner Hamby Adam N $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2018 08/27/18 Sold $990,000 -5.7% $238 / Sq Ft
07/13/2018 07/13/18 Pending -- -- --
07/06/2018 07/06/18 Price Changed $1,050,000 -14.3% $252 / Sq Ft
10/22/2017 10/22/17 Price Changed $1,225,000 -2.0% $294 / Sq Ft
02/12/2017 02/12/17 For Sale $1,250,000 -- $300 / 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 $8,143 $1,064,900 $530,000 $534,900
2024 $8,143 $1,064,900 $530,000 $534,900
2023 $8,109 $1,064,900 $530,000 $534,900
2022 $6,003 $1,064,900 $530,000 $534,900
2021 $5,894 $998,900 $500,000 $498,900
2020 $5,608 $998,900 $500,000 $498,900
2019 $5,604 $998,900 $500,000 $498,900
2018 $0 $998,900 $500,000 $498,900
2017 $5,081 $998,900 $500,000 $498,900
2016 $5,081 $998,900 $500,000 $498,900
2015 -- $998,900 $500,000 $498,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 95198

Outer Banks Association of REALTORS®

APN: 127C-000-0099-0000