NOT LISTED FOR SALE

Estimated Value: $3,348,000 - $3,862,805

9 Beds
9 Baths
6,336 Sq Ft
$580/Sq Ft Est. Value

Last Sold May 25, 2017

Last sale price $2,525,000 $399 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $21,648/month

20 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Concrete Pool
  • Community Beach Access
  • Home Theater
  • 35,359 Sq Ft lot

About This Home

As of May 2017

An enviable stretch of Pine Island beach was chosen as the setting for this exceptional oceanfront home. The timeless clean-lined residence spans over 6,000 square feet with 9 bedrooms, 7 full and 2 half baths including a sumptuous master suite on the top floor. Floor-to-ceiling windows in the main living dining and kitchen area offer a front-row seat to nature’s wonders. Many of the rooms overlook the Atlantic Ocean and living spaces feature traditional millwork, custom cabinetry, hardwood floors, soaring ceilings, an elevator, and an amazing Theatre room with kitchenette and professional lighting. Further amenities include large top floor den with kitchenette, multiple wide decks- both covered and sun, garage, fun gameroom which leads out to a private resort-style backyard completed with heated pool, connected children’s pool and covered granite bar. This is an amazing opportunity to own a well-cared for, Pine Island rental income producing property.

Last Agent to Sell the Property

Sarah Spencer

Keller Williams - Outer Banks License #185795 Listed on: 03/31/2017

Keller Williams - Outer Banks

Last Buyer's Agent

Liz Holterhaus

Keller Williams Town Center License #219965

Keller Williams Town Center

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,875

Year Built

  • Built in 1997

Lot Details

  • 0.81 Acre Lot
  • Beach Front
  • Property fronts a private road
  • Cul-De-Sac
  • Landscaped
  • Sprinkler System

HOA Fees

  • $286 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 6,336 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Entrance Foyer
  • Home Theater
  • Game Room
  • Sun or Florida Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Microwave
  • Second Refrigerator
  • Second Dishwasher
  • Granite Countertops
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Garage Door Opener

Pool

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

Outdoor Features

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

Utilities

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

Listing and Financial Details

  • Tax Lot # 90

Community Details

Overview

  • Association fees include grounds maintenance, management, pool, road maintenance, tennis courts, walkways
  • Pine Island Pud Subdivision

Amenities

  • Common Area

Recreation

  • Community Beach Access
  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,875

Year Built

Built in 1997

Lot Details

0

HOA Fees

$286 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Turn into Pine Gate Road. Turn left onto Deep Neck Road. House at the end of cul-de-sac.
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Elevator, Garage Door Opener, Hot Tub, Jet Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck, Tiki Bar, Dry Entry
  • Flood Zone: VE
  • Headline: Updated Pine Island Oceanfront
  • Heated Sq Ft: 6336
  • L V T Date: 03/31/2017
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: res
  • Deed Book Pg Number: 122
  • Office License Number: C26996
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 9
  • Countertops: Granite, Laminate
  • Floor Coverings: Carpet, Ceramic Tile, Wood
  • Foundation: Piling, Slab
  • Full Bathrooms: 7
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Gas Fireplace, Ensuite, Walk in Closet, Wet Bar
  • Optional Rooms: Breakfast Nook, Foyer, Game Room, Sun/Florida Room, Home Theater, Media Room
  • Partial Bathrooms: 2

Exterior Features

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

Garage/Parking

  • Garage: 1 Car, Attached

Utilities

  • Cooling: Heat Pump, Zoned
  • Heating: Heat Pump, Zoned
  • Septic Fee: 505
  • Sewer/Septic System: Community Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Grounds Maintenance, Management, Pool, Road Maintenance, Tennis Courts, Walkways
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 3431
  • Home Owner Dwelling Insurance: 7644

Lot Info

  • Estimated Lot Sq Ft: 35359
  • Lot Description: Beach Frontage, Cul-de-sac
  • Lot Faces: E
  • Lot Number: Lot # 90
  • Deed Book: 413

Rental Info

  • Est Annual Rental Income: 242800
  • Estimated Rental Performance: 0.0962
  • Flood Expenses: 2474
  • Lease Terms: Weekly
  • Other Expenses: 150
  • Other Expenses2: 657
  • Other Insurance Expenses: 4302
  • Poolspa Expense: 4865
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Water's Edge
  • Rental Cottage Number: E090
  • Rental Phone Number: 252457-1100
  • Rental Turnover Day: Sunday
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 2181
  • Annual Electric: 8608
  • Annual Telephone Expense: 1275
  • Annual Water Expense: 1329

Building Info

  • Year Built: 1997

Tax Info

  • Year: 2017
  • Taxes: 9875

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2017
Closed on
May 25, 2017
Sold by
Waters Lawrence W and Waters Haidee F
Bought by
Pepin Charles G and Pepin Ellen J
Seller's Agent
Sarah Spencer
Keller Williams - Outer Banks
Buyer's Agent
Liz Holterhaus
Keller Williams Town Center
List Price
$2,699,000
Sold Price
$2,525,000
Premium/Discount to List
-$174,000
-6.45%
Current Estimated Value
$3,672,935

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,147,935
Avg. Annual Appreciation
4.64%
Original Mortgage
$1,500,000
Outstanding Balance
$1,252,703
Interest Rate
4.08%
Mortgage Type
New Conventional
Estimated Equity
$2,420,232

Purchase Details

Closed on
Oct 9, 1997
Bought by
Waters Lawrence W and Waters Haidee F
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
Pepin Charles G $2,525,000 Attorney
Waters Lawrence W $420,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pepin Charles G $1,500,000
Previous Owner Waters Lawrence W $400,000
Previous Owner Waters Lawrence W $900,000
Previous Owner Waters Lawrence W $888,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2017 05/25/17 Sold $2,525,000 -6.4% $399 / Sq Ft
04/20/2017 04/20/17 Pending -- -- --
03/31/2017 03/31/17 For Sale $2,699,000 -- $426 / 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 $16,188 $2,212,500 $1,544,400 $668,100
2023 $16,188 $2,183,400 $1,544,400 $639,000
2022 $11,734 $2,183,400 $1,544,400 $639,000
2021 $11,719 $1,972,900 $1,327,200 $645,700
2020 $10,897 $1,972,900 $1,327,200 $645,700
2019 $10,897 $1,972,900 $1,327,200 $645,700
2018 $10,897 $1,972,900 $1,327,200 $645,700
2017 $9,875 $1,972,900 $1,327,200 $645,700
2016 $9,875 $1,972,900 $1,327,200 $645,700
2015 $9,875 $1,972,900 $1,327,200 $645,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 95848

Outer Banks Association of REALTORS®

APN: 127C-000-0090-0000