NOT LISTED FOR SALE

416 Pirates Way Unit 416A Manteo, NC 27954

Estimated Value: $319,000 - $376,000

1 Bed
1 Bath
765 Sq Ft
$457/Sq Ft Est. Value

Last Sold July 31, 2023

Last sale price $365,000 $477 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $2,873/month

44 Days on Market

Highlights

  • Health Club
  • Gated Community
  • Home fronts a canal
  • Outdoor Pool
  • Pond View
  • Clubhouse

About This Home

As of July 2023

Welcome home to Pirates Cove - a gated waterfront community with world class marina and amenities galore! This updated 1.5 bedroom unit is a must see. As you enter you're wowed by the abundance of natural light flowing in from the extra windows, a feature specific to end units. The tastefully renovated kitchen was completely remodeled in 2022 with white shaker cabinets, quartz countertops, ceramic tile backsplash, and new appliances. An open-concept living area leads to a spacious covered porch with pond and canal views. Off the living area you will find a sizable master bedroom with a second private entrance to the covered porch. The updated bathroom is accessible from both the master bedroom and the half bedroom, which would also make a wonderful home office. This coastal chic unit is sold furnished and has everything you need to enjoy the Pirates Cove lifestyle of your dreams, including maintenance-free laminate flooring throughout. Centrally located behind the gate, this unit is convenient to both community pools, tennis/pickleball courts, playground, picnic pavilion, fitness center, clubhouse, event pavilion, volleyball court, tiki bar, and award winning on-site restaurant Blue Water Grill & Raw Bar. Pirate's Cove is both pet and golf cart friendly. With over 4 miles of lighted community docks, it's the ideal spot to take in picturesque sunrise and sunset views.

Last Agent to Sell the Property

Tyler Reber

Howard Hanna Outer Banks Realt License #275374 Listed on: 04/26/2023

Howard Hanna Outer Banks Realt

Last Buyer's Agent

Kristine Bergin

Pirates Cove Realty License #302933

Pirates Cove Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,265

Year Built

  • Built in 1989

Lot Details

  • Home fronts a canal
  • Property fronts a private road
  • Lot includes common area

HOA Fees

  • $863 Monthly HOA Fees

Property Views

  • Pond
  • Canal

Home Design

  • Coastal Architecture
  • Property Attached
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Lap Siding
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 765 Sq Ft Home
  • Furnished
  • Wood Burning Fireplace
  • Window Treatments
  • Laminate Flooring
  • Stacked Washer and Dryer

Kitchen

  • Oven or Range
  • Freezer
  • Dishwasher
  • Quartz Countertops

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • Paved Parking
  • Parking Lot
  • Off-Street Parking

Pool

  • Outdoor Pool

Utilities

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

Community Details

Overview

  • Association fees include building maintenance, common electric, common insurance, flood insurance, grounds maintenance, pool, road maintenance, security, sewer/septic, tennis courts, water, walkways
  • Terry Richardson Association
  • Pc Buccaneer Vill Subdivision

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Community Boardwalk
  • Health Club
  • Tennis Courts
  • Community Playground
  • Community Pool

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,265

Year Built

Built in 1989

Lot Details

0

HOA Fees

$863 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Directions: Through guard gate, entrance to buildings 3&4 on the right, unit 416 is the first floor left end unit.
  • Flood Zone: AE
  • Headline: Updated End Unit
  • Heated Sq Ft: 765
  • L V T Date: 04/26/2023
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Unit Level Number: 1
  • Waterfront Location: Canalfront
  • Zoning: R-5
  • Advertised Income 2020: 30000
  • Advertised Income 2021: 36000
  • Advertised Income 2022: 34000
  • Deed Book Pg Number: 597
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Pirates Cove
  • Newpoint Media: Yes
  • Office License Number: C20146
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Freezer, Range/Oven, Refrigerator, Stackable Washer/Dryer
  • Bedrooms: 1
  • Countertops: Quartz
  • Floor Coverings: Wood Laminate, Vinyl Tile
  • Foundation: Piling
  • Full Bathrooms: 1
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Wood Fireplace

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Lap Siding, Wood, Cement Fiber Board
  • Pool: Yes
  • Pool: Association
  • Pool Type: Outdoor, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Canal, Pond

Garage/Parking

  • Parking: Parking Lot, Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Building Maintenance, Common Electric, Common Insurance, Flood Insurance, Grounds Maintenance, Pool, Road Maintenance, Security, Sewer/Septic, Tennis Courts, Water, Walkways
  • Condo Type: Attached
  • Association Amenities: Clubhouse, Gated Community, Health Club, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Sound Access, Board Walk, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 10360
  • Hoa Contact: Terry Richardson
  • HOA Contact: admin@pirates-cove.com

Lot Info

  • Lot Description: Adj. To Common Area, Water Frontage
  • Deed Book: 2064

Rental Info

  • Rental Co: VRBO
  • Rental Contact Name: Managed by Homeowner though VRBO

Building Info

  • Year Built: 1989

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2022
  • Taxes: 1265.22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2023
Closed on
Jul 25, 2023
Sold by
Blackwell Investment Group Llc
Bought by
Lee Michael A and Lee Amy W
Seller's Agent
Tyler Reber
Howard Hanna Outer Banks Realt
Buyer's Agent
Kristine Bergin
Pirates Cove Realty
List Price
$379,999
Sold Price
$365,000
Premium/Discount to List
-$14,999
-3.95%
Views
235
Current Estimated Value
$349,812

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,188
Avg. Annual Appreciation
-2.02%
Original Mortgage
$328,500
Outstanding Balance
$319,319
Interest Rate
5.45%
Mortgage Type
New Conventional
Estimated Equity
$30,493

Purchase Details

Listed on
Oct 23, 2015
Closed on
Dec 11, 2015
Sold by
Hurst Jeannine D
Bought by
Blackwell Investment Group Llc
Seller's Agent
Tyler Reber
Howard Hanna Outer Banks Realt
Buyer's Agent
Matt Huband
OBX Realty Group, LLC
List Price
$145,000
Sold Price
$139,000
Premium/Discount to List
-$6,000
-4.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.51%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Lee Michael A $365,000 None Listed On Document
Blackwell Investment Group Llc -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Michael A $328,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2023 07/31/23 Sold $365,000 -1.1% $477 / Sq Ft
06/09/2023 06/09/23 Pending -- -- --
05/26/2023 05/26/23 Price Changed $369,000 -2.9% $482 / Sq Ft
04/26/2023 04/26/23 For Sale $379,999 +173.4% $497 / Sq Ft
12/18/2015 12/18/15 Sold $139,000 -4.1% $182 / Sq Ft
11/01/2015 11/01/15 Pending -- -- --
10/23/2015 10/23/15 For Sale $145,000 +2.8% $190 / Sq Ft
08/27/2015 08/27/15 Sold $141,000 -2.8% $184 / Sq Ft
07/24/2015 07/24/15 Pending -- -- --
07/07/2015 07/07/15 For Sale $145,000 -- $190 / 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 $1,293 $169,600 $75,000 $94,600
2023 $1,293 $173,384 $75,000 $98,384
2022 $1,293 $173,384 $75,000 $98,384
2021 $1,293 $173,384 $75,000 $98,384
2020 $1,293 $173,384 $75,000 $98,384
2019 $1,408 $163,100 $72,000 $91,100
2018 $1,408 $163,100 $72,000 $91,100
2017 $1,408 $163,100 $72,000 $91,100
2016 $1,341 $163,100 $72,000 $91,100
2014 $1,288 $163,100 $72,000 $91,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 122069

Outer Banks Association of REALTORS®

APN: 025694300