NOT LISTED FOR SALE

442 N Cove Rd Corolla, NC 27927

Estimated Value: $1,927,000 - $2,316,000

8 Beds
9 Baths
4,674 Sq Ft
$453/Sq Ft Est. Value

Last Sold July 31, 2020

Last sale price $1,320,000 $282 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $11,905/month

46 Days on Market

Highlights

  • Community Beach Access
  • In Ground Pool
  • Clubhouse
  • Ocean Front
  • Second Refrigerator
  • Coastal Architecture

About This Home

As of July 2020

STUNNING SEMI-OCEANFRONT 8 BEDROOM IN PINE ISLAND! SHOWS LIKE BRAND NEW! BREATHTAKING OCEAN VIEWS ABOUND! DIRECT BEACH ACCESS! STRONG RENTALS! BEAUTIFULLY FURNISHED! EXCELLENT INVESTMENT OPPORTUNITY! Step into this gorgeous home and you will fall in love! Extremely well maintained with many recent improvements including a completely remodeled kitchen, newly painted interior and new flooring and carpet throughout! Light and bright with an open and spacious great room with a lovely ship's watch! The recreation room on the ground level is very large and features a pool table, poolside deck access, half bath with outside access, sitting area with a large flat-screen TV, stereo, pub-style bistro table, and kitchenette with granite counter tops, full size refrigerator, microwave, sink and bar seating!! Awesome outdoor living with expansive sun decks, covered decks, lovely pool area with hot tub and spacious lounging areas AND direct beach access from the pool area! Nestled into a quiet cul-de-sac...lots of privacy yet so close to the beach! Ideal for family reunions and events! A MUST-SEE!

Last Agent to Sell the Property

Melanie Day

Landmark Sotheby's Internation License #219374 Listed on: 04/30/2020

Landmark Sotheby's Internation

Last Buyer's Agent

Hunter Davis

Twiddy and Company - Corolla License #301647

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,388

Year Built

  • Built in 1999

Lot Details

  • Ocean Front
  • Cul-De-Sac
  • Lot includes common area
  • Fenced Yard
  • Landscaped
  • Level Lot

HOA Fees

  • $235 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 4,674 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Game Room
  • Screened Porch
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Off-Street Parking

Pool

  • In Ground Pool
  • Outdoor Pool
  • Outdoor Shower
  • Spa

Outdoor Features

  • Sun Deck
  • Covered Deck

Utilities

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

Listing and Financial Details

  • Tax Lot 53

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Tennis Courts
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,388

Year Built

Built in 1999

Lot Details

0.52 Acres

HOA Fees

$235 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Fenced Yard, Hot Tub, Landscaped, Outside Shower, Screened Porch, Smoke Detector(s), Sun Deck, Inside Laundry Room
  • Flood Zone: X
  • Subdivision Name: Pine Island PUD
  • Heated Sq Ft: 4674
  • L V T Date: 04/30/2020
  • Roads: Paved
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: Res
  • Advertised Income 2020: 92406
  • Deed Book Pg Number: 936
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C30917
  • 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 w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 8
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Tile, Vinyl Tile
  • Foundation: Piling
  • Full Bathrooms: 7
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Washer Connection, Wet Bar
  • Optional Rooms: Breakfast Nook, Foyer, Game Room, Shipswatch
  • Partial Bathrooms: 2

Exterior Features

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

Garage/Parking

  • Garage: 3 + Car, Carport
  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Management, Pool, Tennis Courts, Walkways
  • Association Amenities: Clubhouse, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground
  • Association Fee: Yes
  • Estimated Annual Fee: 2820

Lot Info

  • Lot Description: Adj. To Common Area, Cul-de-sac, Level
  • Lot Number: Lot 53
  • Deed Book: 1269

Rental Info

  • Est Annual Rental Income: 101658
  • Estimated Rental Performance: 0.077
  • Lease Terms: Weekly
  • Rental Co: Brindley Beach Vacations
  • Rental Cottage Name: Garbo's Getaway
  • Rental Cottage Number: PI53
  • Rental Phone Number: 252-261-2222
  • Rental Turnover Day: Saturday
  • Rental Contact Email: kami@brindleybeach.com
  • Rental Contact Name: Kami Trusz
  • Rental Contact Phone: 252-453-3000

Building Info

  • Year Built: 1999

Tax Info

  • Year: 2019
  • Taxes: 6387.66

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2020
Closed on
Jul 28, 2020
Sold by
Schoettmer David and Schoettmer Laura
Bought by
Foster James C
Seller's Agent
Melanie Day
Landmark Sotheby's Internation
Buyer's Agent
Hunter Davis
Twiddy and Company - Corolla
List Price
$1,399,000
Sold Price
$1,320,000
Premium/Discount to List
-$79,000
-5.65%
Current Estimated Value
$2,116,657

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$796,657
Avg. Annual Appreciation
8.78%
Original Mortgage
$510,400
Outstanding Balance
$355,366
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,761,291

Purchase Details

Listed on
Apr 3, 2013
Closed on
Oct 8, 2013
Sold by
S & R Associates Inc
Bought by
Schoettmer David and Schoettmer Laura
Seller's Agent
Glenn Jungen
Twiddy and Company - Corolla
Buyer's Agent
Veronica Marsh
Keller Williams - Outer Banks
List Price
$1,449,000
Sold Price
$1,330,000
Premium/Discount to List
-$119,000
-8.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.11%
Original Mortgage
$997,500
Interest Rate
4.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 9, 2005
Sold by
Cassell Anita Marie
Bought by
S & R Associates Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$574,000
Interest Rate
5.54%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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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
Foster James C $1,320,000 None Available
Schoettmer David $1,330,000 None Available
S & R Associates Inc $2,200,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Foster James C $510,400
Previous Owner Schoettmer David $997,500
Previous Owner S & R Associates Inc $574,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/31/2020 07/31/20 Sold $1,320,000 -5.6% $282 / Sq Ft
06/15/2020 06/15/20 Pending -- -- --
04/30/2020 04/30/20 For Sale $1,399,000 +5.2% $299 / Sq Ft
10/15/2013 10/15/13 Sold $1,330,000 -8.2% $285 / Sq Ft View Prior Sale
08/20/2013 08/20/13 Pending -- -- --
04/03/2013 04/03/13 For Sale $1,449,000 -- $310 / Sq Ft
Source: Outer Banks Association of REALTORS®

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 $9,329 $1,232,300 $605,000 $627,300
2024 $9,329 $1,232,300 $605,000 $627,300
2023 $9,313 $1,232,300 $605,000 $627,300
2022 $6,776 $1,232,300 $605,000 $627,300
2021 $6,781 $1,125,500 $550,000 $575,500
2020 $6,306 $1,125,500 $550,000 $575,500
2019 $6,388 $1,125,500 $550,000 $575,500
2018 $0 $1,125,500 $550,000 $575,500
2017 $5,804 $1,125,500 $550,000 $575,500
2016 $5,804 $1,125,500 $550,000 $575,500
2015 -- $1,125,500 $550,000 $575,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 109099

Outer Banks Association of REALTORS®

APN: 127C-000-0053-0000

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