431 Sprig Point Corolla, NC 27927
Corolla NeighborhoodEstimated Value: $2,688,000 - $4,019,203
9
Beds
11.5
Baths
6,843
Sq Ft
$465/Sq Ft
Est. Value
Highlights
- Beach Front
- Ocean View
- In Ground Pool
- Community Beach Access
- Home Theater
- Second Refrigerator
About This Home
As of January 2021Beautiful 9 BR Oceanfront in Pine Island, this house has had significant remodeling in the last 5 years with exceptional craftsmanship and upgraded modern touches. No expenses were spared when new windows, doors and siding were replaced on the oceanside along with deck railings and deck in 2018, Bathrooms have been updated. New roof in 2019. 6 master suites all have great access to the expansive back decks and private pool. This home is setup to entertain a large group with a huge great room and massive theater room seats 25+! On the top floor enjoy the panoramic ocean views and enjoy the view of the breakers in complete comfort. Gourmet Chef's top floor Kitchen with upgraded appliances including a Sub zero refrigerator and Wolf Stove. The top floor master suite has been nicely remodeled. On the ground level the expansive game room leads out to the pool deck and Tiki Bar, complete with an outside bathroom. Fully handicap accessible ground level bedroom has convenient elevator access. Private walkway to the beach has a foot wash and shower and leads to one of the prettiest beaches on the OBX "Windsor by the Sea" has a strong rental history consistently producing around $250,000 in gross rental income, this home is one you have to see to believe!
Last Agent to Sell the Property
Twiddy and Co. - Duck License #103949 Listed on: 08/13/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,314
Year Built
- Built in 1994
Lot Details
- Beach Front
- Level Lot
HOA Fees
- $275 Monthly HOA Fees
Parking
- Off-Street Parking
Home Design
- Craftsman Architecture
- Coastal Architecture
- Contemporary Architecture
- Reverse Style Home
- Slab Foundation
- Frame Construction
- Asphalt Shingled Roof
- Wood Siding
- Shake Siding
- Piling Construction
Interior Spaces
- 6,843 Sq Ft Home
- Elevator
- Wet Bar
- Furnished
- Cathedral Ceiling
- Ceiling Fan
- Gas Fireplace
- Window Treatments
- Home Theater
- Game Room
- Ocean Views
Kitchen
- Built-In Oven
- Microwave
- Second Refrigerator
- Ice Maker
- Dishwasher
- Wine Cooler
- Granite Countertops
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 9 Bedrooms
Laundry
- Dryer
- Washer
Pool
- In Ground Pool
- Gunite Pool
- Outdoor Pool
- Outdoor Shower
- Spa
Outdoor Features
- Sun Deck
- Covered Deck
- 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 73
Community Details
Overview
- Association fees include common electric, common insurance, grounds maintenance, management, pool, security, tennis courts, walkways
- Pine Island Pud Subdivision
Recreation
- Community Boardwalk
- Community Beach Access
- Community Playground
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 13, 2020
Closed on
Jan 6, 2021
Sold by
T P Realty Investments I Llc
Bought by
Kelly Michael J and Simonetti Margaret
Seller's Agent
William Hogan
Twiddy and Co. - Duck
Buyer's Agent
John Myers
Twiddy and Co. - Duck
List Price
$2,850,000
Sold Price
$2,650,000
Premium/Discount to List
-$200,000
-7.02%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$530,068
Avg. Annual Appreciation
4.35%
Original Mortgage
$1,855,000
Interest Rate
2.5%
Mortgage Type
New Conventional
Similar Homes in Corolla, NC
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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 |
|---|---|---|---|
| Kelly Michael J | $1,750,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kelly Michael J | $1,840,000 | |
| Closed | Kelly Michael J | $1,855,000 | |
| Previous Owner | Tp Realty Investments I Llc | $1,470,000 | |
| Previous Owner | Cutting Mary E | $1,425 | |
| Previous Owner | Cutting Mary E | $830,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/11/2021 01/11/21 | Sold | $2,650,000 | -7.0% | $387 / Sq Ft |
| 11/27/2020 11/27/20 | Pending | -- | -- | -- |
| 08/13/2020 08/13/20 | For Sale | $2,850,000 | +35.7% | $416 / Sq Ft |
| 08/14/2015 08/14/15 | Sold | $2,100,000 | -26.3% | $307 / Sq Ft |
| 07/20/2015 07/20/15 | Pending | -- | -- | -- |
| 01/04/2015 01/04/15 | For Sale | $2,849,000 | -- | $416 / 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 | $17,174 | $2,347,800 | $1,570,800 | $777,000 |
| 2023 | $17,174 | $2,347,800 | $1,570,800 | $777,000 |
| 2022 | $12,608 | $2,347,800 | $1,570,800 | $777,000 |
| 2021 | $12,439 | $2,075,200 | $1,349,900 | $725,300 |
| 2020 | $11,314 | $2,075,200 | $1,349,900 | $725,300 |
| 2019 | $11,314 | $2,075,200 | $1,349,900 | $725,300 |
| 2018 | $11,314 | $2,075,200 | $1,349,900 | $725,300 |
| 2017 | $10,257 | $2,075,200 | $1,349,900 | $725,300 |
| 2016 | $10,257 | $2,075,200 | $1,349,900 | $725,300 |
| 2015 | -- | $2,075,200 | $1,349,900 | $725,300 |
Source: Public Records
Agents Affiliated with this Home
-
William Hogan
Seller's Agent in 2021
William Hogan
Twiddy and Co. - Duck
(252) 202-9090
22 in this area
45 Total Sales
-
John Myers
Buyer's Agent in 2021
John Myers
Twiddy and Co. - Duck
(252) 256-2066
5 in this area
42 Total Sales
-
Mark Lupean
M
Seller's Agent in 2015
Mark Lupean
Brindley Beach Vacations & Sales - KH
(252) 619-0451
6 in this area
14 Total Sales
-
Anna Hunt
Buyer's Agent in 2015
Anna Hunt
Brindley Beach Vacations & Sales - KH
(252) 573-8934
25 in this area
82 Total Sales
Map
Source: Outer Banks Association of REALTORS®
MLS Number: 110551
APN: 127C-000-0073-0000
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