NOT LISTED FOR SALE

432 Sprig Point Corolla, NC 27927

Estimated Value: $1,490,000 - $1,803,000

6 Beds
5.5 Baths
3,800 Sq Ft
$445/Sq Ft Est. Value

Last Sold September 25, 2020

Last sale price $990,000 $261 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $9,758/month

6 Days on Market

Highlights

  • Community Beach Access
  • Health Club
  • Second Refrigerator
  • Ocean Front
  • Concrete Pool
  • Clubhouse

About This Home

As of September 2020

Talk about close proximity to a beach access. "Shearwater" is closer than some oceanfront homes. Extremely well maintained home in exclusive Pine Island one of the Outer Banks most sought after communities. On file an extensive list of upgrades to this home to numerous to itemize however here are a few. Brand New roof (50 yr architectural ), HVAC unit, hardwood floors, quartz and granite countertops, windows and siding updated furniture and more. The list goes on and on and on. With access to the beach this close "Shearwater" consistently generates strong rental performance annually. The appeal from the outside matches the meticulously maintained inside. The owners leave nothing unattended. Located in an X flood zone. Sky is the limit. Potential room for expansion and massive increase in income ceiling. Do yourself a favor and take a look at "Shearwater" you will not be disappointed.

Last Agent to Sell the Property

Tim Lancsek

Surfside Realty License #210399 Listed on: 07/28/2020

Surfside Realty

Last Buyer's Agent

Four Seasons Realty

Four Seasons Realty License #177785

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,044

Year Built

  • Built in 1994

Lot Details

  • 0.41 Acre Lot
  • Ocean Front
  • Cul-De-Sac
  • Landscaped
  • Corner Lot
  • Level Lot
  • Sprinkler System

HOA Fees

  • $242 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Lap Siding
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 3,800 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Game Room
  • Ocean Views
  • Dryer

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom

Parking

  • Tuck Under Parking
  • Paved Parking

Pool

  • Concrete Pool
  • Outdoor Pool
  • Spa

Outdoor Features

  • Covered Deck

Utilities

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

Listing and Financial Details

  • Tax Lot 72

Community Details

Overview

  • Association fees include building maintenance, cable, common electric, common insurance, flood insurance, management, pool, sewer/septic, tennis courts, walkways
  • Seaside Management Association
  • Pine Island Pud Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Health Club
  • Tennis Courts
  • Indoor Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,044

Year Built

Built in 1994

Lot Details

0

HOA Fees

$242 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Hot Tub, Landscaped, Lawn Sprinklers
  • Flood Zone: X
  • Subdivision Name: Pine Island
  • Headline: OVER 100k in advertised Income
  • Heated Sq Ft: 3800
  • L V T Date: 07/28/2020
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: residentia
  • Advertised Income 2020: 101780
  • Deed Book Pg Number: 0704
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C21933
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, 2nd Refrigerator
  • Bedrooms: 6
  • Countertops: Granite, Silestone
  • Floor Coverings: Carpet, Tile, Wood
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ensuite, Washer Connection
  • Optional Rooms: Foyer, Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Lap Siding, Shakes, Wood
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, Concrete, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Under

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Building Maintenance, Cable, Common Electric, Common Insurance, Flood Insurance, Management, Pool, Sewer/Septic, Tennis Courts, Walkways
  • Association Amenities: Clubhouse, Health Club, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis
  • Association Fee: Yes
  • Estimated Annual Fee: 2900
  • Hoa Contact: Seaside Management
  • HOA Contact: Jeff Shields

Lot Info

  • Estimated Lot Sq Ft: 18000
  • Lot Description: Corner, Cul-de-sac, Level
  • Lot Faces: West
  • Lot Number: Lot 72
  • Estimated Lot Size: 0.41
  • Deed Book: 0466

Rental Info

  • Est Annual Rental Income: 101780
  • Estimated Rental Performance: 0.1028
  • Lease Terms: Weekly
  • Rental Co: Carolina Designs
  • Rental Cottage Name: Shearwater
  • Rental Cottage Number: 072
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 1994

Tax Info

  • Year: 2016
  • Taxes: 5044

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2020
Closed on
Sep 25, 2020
Sold by
Pepe Robert A and Shekitka Kathy
Bought by
Nordfelt Michael Ross and Nordfelt Suzanne Michelle
Seller's Agent
Tim Lancsek
Surfside Realty
Buyer's Agent
Four Seasons Realty
Four Seasons Realty
List Price
$999,000
Sold Price
$990,000
Premium/Discount to List
-$9,000
-0.9%
Current Estimated Value
$1,691,812

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$701,812
Avg. Annual Appreciation
10.75%
Original Mortgage
$788,960
Outstanding Balance
$696,962
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$994,850

Purchase Details

Closed on
Jun 11, 1999
Bought by
Pepe Robert A and Shekitka Kathy
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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
Nordfelt Michael Ross $986,500 None Available
Pepe Robert A $685,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nordfelt Michael Ross $788,960
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2020 09/25/20 Sold $990,000 -0.9% $261 / Sq Ft
08/03/2020 08/03/20 Pending -- -- --
07/28/2020 07/28/20 For Sale $999,000 -- $263 / 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 $7,828 $1,049,300 $605,000 $444,300
2024 $7,828 $1,049,300 $605,000 $444,300
2023 $7,812 $1,049,300 $605,000 $444,300
2022 $5,787 $1,049,300 $605,000 $444,300
2021 $5,897 $977,500 $550,000 $427,500
2020 $5,564 $977,500 $550,000 $427,500
2019 $5,564 $977,500 $550,000 $427,500
2018 $5,564 $977,500 $550,000 $427,500
2017 $5,045 $977,500 $550,000 $427,500
2016 $5,045 $977,500 $550,000 $427,500
2015 $5,045 $977,500 $550,000 $427,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 110296

Outer Banks Association of REALTORS®

APN: 127C-000-0072-0000