421 Deep Neck Rd Corolla, NC 27927
Corolla NeighborhoodEstimated Value: $3,039,000 - $3,851,000
9
Beds
8.5
Baths
4,851
Sq Ft
$716/Sq Ft
Est. Value
Highlights
- Beach Front
- Ocean View
- Second Refrigerator
- Community Beach Access
- Heated In Ground Pool
- Coastal Architecture
About This Home
As of April 2019Stunning 9 Bedroom Oceanfront home in Pine Island. Fully loaded with every bell and whistle you or your guests could ever need. Massive gourmet kitchen with rich granite, dual stainless appliances including Viking gas range, GE under counter Ice Machine, 3 refrigerators, wine chiller and twin dishwashers. Your entire group will dine in comfort at the huge dining table with seating for 24. The luxurious living area is anchored by an amazing curved sofa and offers 180 degree views of the Atlantic. The 3rd level en suite features a stacked stone shower with 6 water jets for maximum relaxation! All nine bedrooms (6 kings) are large and equipped with comfortable, handsome furnishings and there are 2 jetted tubs for your guests. A ground level gameroom/media room offers yet another gathering space in the home. All interior finishes are of the highest quality including all Andersen windows and doors, large elevator, twin stacked washer/dryers, custom backsplash, wooden plantation shutters, oversized sliders, true bead board wainscoting, woven ceramic tile foyer, built-in surround sound, gas fireplace, fluted trim and tall 5 1/2 inch baseboards. The exterior incorporates a soothing concrete pool, 2 hot tubs, "polywood" furnishings, outdoor showers, tons of parking, brand new decking (2018), outdoor bar and a direct walkway to the beach. Despite owner usage, rental income is very strong, producing over $200k per year! Cash Flow Analysis available on request. Numerous recent upgrades include new Andersen sliders, exterior paint, etc. If you are looking for a great investment property, Alfana should top your list!
Last Agent to Sell the Property
Coastal Property Partners License #190456 Listed on: 01/30/2018
Co-Listed By
Martha Spawr
Default, Office License #288633
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,582
Year Built
- Built in 1995
Lot Details
- 0.67 Acre Lot
- Beach Front
- 90 Feet of Waterfront
- Cul-De-Sac
- Fenced Yard
- Landscaped
- Level Lot
- Sprinkler System
HOA Fees
- $218 Monthly HOA Fees
Home Design
- Coastal Architecture
- Reverse Style Home
- Slab Foundation
- Asphalt Shingled Roof
- Wood Siding
- Shake Siding
- Piling Construction
Interior Spaces
- 4,851 Sq Ft Home
- Elevator
- Furnished
- Cathedral Ceiling
- Ceiling Fan
- Gas Fireplace
- Window Treatments
- Entrance Foyer
- Family Room
- Living Room
- Dining Room
- Game Room
- Utility Room
- Ocean Views
- Fire and Smoke Detector
Kitchen
- Oven or Range
- Built-In Range
- Microwave
- Second Refrigerator
- Ice Maker
- Second Dishwasher
- Wine Cooler
- Granite Countertops
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 9 Bedrooms
- Main Floor Bedroom
- En-Suite Primary Bedroom
- Cedar Closet
- Hydromassage or Jetted Bathtub
Laundry
- Laundry Room
- Stacked Washer and Dryer
Parking
- Paved Parking
- Off-Street Parking
Pool
- Heated In Ground Pool
- Gunite Pool
- Outdoor Pool
- Spa
- Outdoor Shower
Outdoor Features
- Sun Deck
- Patio
- Exterior Lighting
Utilities
- Forced Air Zoned Heating and Cooling System
- Heat Pump System
- Municipal Utilities District for Water and Sewer
Listing and Financial Details
- Tax Lot 86
Community Details
Overview
- Association fees include common electric, common insurance, grounds maintenance, management, pool, road maintenance, security, sewer/septic, tennis courts, walkways
- Seaside Management Association, Phone Number (252) 261-1200
- Pine Island Pud Subdivision
Recreation
- Community Beach Access
- Tennis Courts
- Community Playground
- Community Pool
- Park
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 5, 2024
Sold by
Triangle Route 108 Associates Llc
Bought by
Thyme Capital Group Fund L Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,625,000
Outstanding Balance
$2,595,466
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$973,674
Purchase Details
Listed on
Jan 30, 2018
Closed on
Apr 18, 2019
Sold by
Flynn John Matthew and Flynn Mary Margaret
Bought by
Triangle Route 108 Associates Llc
Seller's Agent
Chandler Spawr
Coastal Property Partners
Buyer's Agent
Martha Springer
Twiddy and Company - Corolla
List Price
$2,775,000
Sold Price
$1,921,405
Premium/Discount to List
-$853,595
-30.76%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.52%
Original Mortgage
$1,400,000
Interest Rate
4.3%
Mortgage Type
Commercial
Purchase Details
Closed on
May 9, 2011
Sold by
Quiggins Richard S and Quiggins Margaret J
Bought by
Flynn John Matthew and Flynn Mary Margaret
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,410,000
Interest Rate
4.79%
Mortgage Type
New Conventional
Similar Home in Corolla, NC
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Thyme Capital Group Fund L Llc | $3,500,000 | None Listed On Document | |
| Thyme Capital Group Fund L Llc | $3,500,000 | None Listed On Document | |
| Triangle Route 108 Associates Llc | $1,921,500 | None Available | |
| Triangle Route 108 Associates Llc | $1,921,500 | None Available | |
| Flynn John Matthew | $2,350,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Thyme Capital Group Fund L Llc | $2,625,000 | |
| Closed | Thyme Capital Group Fund L Llc | $2,625,000 | |
| Previous Owner | Obx Re-Ducks Llc | $9,100,000 | |
| Previous Owner | Triangle Route 108 Associates Llc | $1,400,000 | |
| Previous Owner | Flynn John Matthew | $1,410,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/12/2019 04/12/19 | Sold | $1,921,405 | -6.3% | $396 / Sq Ft |
| 02/24/2019 02/24/19 | Pending | -- | -- | -- |
| 11/07/2018 11/07/18 | Price Changed | $2,050,000 | -10.9% | $423 / Sq Ft |
| 08/26/2018 08/26/18 | Price Changed | $2,300,000 | -8.0% | $474 / Sq Ft |
| 04/30/2018 04/30/18 | Price Changed | $2,499,000 | -5.7% | $515 / Sq Ft |
| 03/20/2018 03/20/18 | Price Changed | $2,649,000 | -4.5% | $546 / Sq Ft |
| 01/30/2018 01/30/18 | For Sale | $2,775,000 | -- | $572 / Sq Ft |
Source: Outer Banks Association of REALTORS®
Tax History Compared to Growth
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 | $16,003 | $2,183,600 | $1,531,200 | $652,400 |
| 2023 | $16,003 | $2,180,700 | $1,531,200 | $649,500 |
| 2022 | $11,740 | $2,180,700 | $1,531,200 | $649,500 |
| 2021 | $11,725 | $1,920,100 | $1,315,900 | $604,200 |
| 2020 | $10,623 | $1,920,100 | $1,315,900 | $604,200 |
| 2019 | $10,574 | $1,914,200 | $1,315,900 | $598,300 |
| 2018 | $10,574 | $1,914,200 | $1,315,900 | $598,300 |
| 2017 | $9,582 | $1,914,200 | $1,315,900 | $598,300 |
| 2016 | $9,582 | $1,914,200 | $1,315,900 | $598,300 |
| 2015 | $9,582 | $1,914,200 | $1,315,900 | $598,300 |
Source: Public Records
Agents Affiliated with this Home
-
Chandler Spawr
Seller's Agent in 2019
Chandler Spawr
Coastal Property Partners
(252) 202-9880
14 in this area
32 Total Sales
-
M
Seller Co-Listing Agent in 2019
Martha Spawr
Default, Office
-
Martha Springer
Buyer's Agent in 2019
Martha Springer
Twiddy and Company - Corolla
(252) 982-6045
100 in this area
135 Total Sales
Map
Source: Outer Banks Association of REALTORS®
MLS Number: 99066
APN: 127C-000-0086-0000
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