$780,000
SOLD OCT 28, 2014
9 Beds
10 Baths
4,680 Sq Ft
0.39 Acres

Recently Sold

$167 Per Sq Ft

38% Below List Price

721 Days on Market

Highlights

  • Community Beach Access
  • In Ground Pool
  • Contemporary Architecture
  • Ocean View
  • Home fronts a pond
  • Cathedral Ceiling

About This Home

As of December 2021

NINE BEDROOM INVESTORS DREAM! LION BY THE SEA -Unique & impeccably maintained home consistently rents $80,000+ with many repeat guests. Features 7 Masters, hot tub, 16x33 pool, large game room and a beautifully landscaped lot offers charm and privacy. Brand new carpet throughout - installation completed as of April 1, 2014! A perfect beach retreat for a large family gathering! GROUND LEVEL: Large fenced in area with Hot tub, 16'x33' pool and two outside showers. Beautifully landscaped home in prestigious Pine Island. Nestled in the live oaks with parking for six cars. Just off the pool area there is a half bath, refrigerator, microwave and wet bar area. Open to game room/TV family room and three large master bedrooms. MIDDLE LEVEL: A tiled entrance foyer opens to an additional three large master bedrooms and two bunk rooms along with deck access. TOP LEVEL: Plenty of sun deck and a screened in porch. A ships watch seating area with a bit of an ocean view and an additional master bedroom. Tiled spacious kitchen with center island for great work area and additional seating. Breakfast area with seating for six with wet bar just off kitchen as well. Large dining room table and kitchen open to a wonderful family room.

Last Agent to Sell the Property

Richard Neher

Brindley Beach Vacations & Sales-Duck License #114134 Listed on: 10/11/2012

Last Buyer's Agent

Amber Bodner Griffith

Keller Williams - Outer Banks License #222568

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,632

Year Built

  • Built in 2000

Lot Details

  • Home fronts a pond
  • Property fronts a private road
  • Landscaped

HOA Fees

  • $208 Monthly HOA Fees

Property Views

  • Ocean
  • Pond

Home Design

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

Interior Spaces

  • 4,680 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Gas Fireplace
  • Window Treatments
  • Loft
  • Game Room
  • Screened Porch
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • En-Suite Primary Bedroom
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck
  • 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 #117

Community Details

Overview

  • Association fees include grounds maintenance, management, pool, road maintenance, tennis courts
  • Pine Island Pud Subdivision

Recreation

  • Community Beach Access
  • Tennis Courts
  • Indoor Tennis Courts
  • Community Playground
  • Community Pool
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,632

Year Built

Built in 2000

Lot Details

0

HOA Fees

$208 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan
  • Directions: Hwy 12 N, turn east on Black Pine, 1st right on Myrtle Pond, house is 4th on right.
  • Extras: Beach Access, Covered Decks, Hot Tub, Jet Tub, Landscaped, Outside Lighting, Outside Shower, Screened Porch, Smoke Detector(s), Sun Deck
  • Flood Zone: AE
  • Subdivision Name: Pine Island PUD
  • Headline: INVESTORS DREAM HOUSE
  • Heated Sq Ft: 4680
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Pondfront
  • Zoning: Res
  • Deed Book Pg Number: 515
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher
  • Bedrooms: 9
  • Floor Coverings: Carpet, Tile
  • Foundation: Piling
  • Full Bathrooms: 8
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ensuite, Pantry, Washer Connection
  • Optional Rooms: Breakfast Nook, Game Room, Loft
  • Partial Bathrooms: 2

Exterior Features

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

Garage/Parking

  • Garage: 3 + Car
  • Parking: Paved

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Electric, Heat Pump, Zoned
  • Oilgas Severed Pre Owner: No Representation
  • Sewer/Septic System: Municipal Sewer
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Grounds Maintenance, Management, Pool, Road Maintenance, Tennis Courts
  • Association Amenities: Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Park, Playground
  • Association Fee: Yes
  • Estimated Annual Fee: 2495

Lot Info

  • Lot Description: Water Frontage
  • Lot Number: Lot #117
  • Deed Book: 880

Rental Info

  • Est Annual Rental Income: 83044
  • Estimated Rental Performance: 0.1065
  • Lease Terms: Weekly
  • Rental Co: Brindley Beach Vacations
  • Rental Cottage Name: Lion by the Sea
  • Rental Cottage Number: PI117
  • Rental Phone Number: 453-3000
  • Rental Turnover Day: Sat

Building Info

  • Year Built: 2000

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2012
  • Taxes: 4632.43

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2021
Closed on
Nov 23, 2021
Sold by
Petrassi Craig A and Petrassi Sarah
Bought by
Cross Thomas H and Cross Andrea
Seller's Agent
Matt Huband
OBX Realty Group, LLC
Buyer's Agent
Matt Myatt
Keller Williams - Outer Banks
List Price
$1,350,000
Sold Price
$1,312,500
Premium/Discount to List
-$37,500
-2.78%
Current Estimated Value
$1,721,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$409,467
Avg. Annual Appreciation
7.39%
Original Mortgage
$1,050,000
Outstanding Balance
$964,031
Interest Rate
2.98%
Mortgage Type
New Conventional
Estimated Equity
$757,936

Purchase Details

Listed on
Feb 28, 2020
Closed on
Oct 1, 2020
Sold by
Holder Jason
Bought by
Petrassi Craig A and Younger Jason H
Seller's Agent
Four Seasons Realty
Four Seasons Realty
Buyer's Agent
Matt Huband
OBX Realty Group, LLC
List Price
$1,099,000
Sold Price
$960,000
Premium/Discount to List
-$139,000
-12.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.95%
Original Mortgage
$768,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 12, 2018
Closed on
Jan 16, 2019
Sold by
Sofis George T and Sofis Charmaine C
Bought by
Holder Jason
Seller's Agent
Amber Bodner Griffith
Keller Williams - Outer Banks
Buyer's Agent
Four Seasons Realty
Four Seasons Realty
List Price
$889,000
Sold Price
$780,000
Premium/Discount to List
-$109,000
-12.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.67%

Purchase Details

Listed on
Oct 11, 2012
Closed on
Oct 28, 2014
Sold by
Bishop Timothy C and Bishop Anne K
Bought by
Sofis George T and Sofis Charmaine C
Seller's Agent
Richard Neher
Brindley Beach Vacations & Sales-Duck
Buyer's Agent
Amber Bodner Griffith
Keller Williams - Outer Banks
List Price
$1,250,000
Sold Price
$780,000
Premium/Discount to List
-$470,000
-37.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%

Purchase Details

Closed on
Jul 8, 2005
Sold by
Kaplewiez Joseph W and Kaplewiez Tambria L
Bought by
Bishop Timothy C and Bishop Anne K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,999
Interest Rate
5.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $1,312,500 None Available
Warranty Deed $960,000 None Available
Warranty Deed $780,000 None Available
Warranty Deed $780,000 None Available
Warranty Deed $1,465,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,050,000 New Conventional
Previous Owner $768,000 New Conventional
Previous Owner $999,999 Adjustable Rate Mortgage/ARM
Previous Owner $318,500 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2021 12/10/21 Sold $1,312,500 -2.8% $283 / Sq Ft
09/21/2021 09/21/21 Pending -- -- --
08/25/2021 08/25/21 For Sale $1,350,000 +40.6% $292 / Sq Ft
10/12/2020 10/12/20 Sold $960,000 -3.5% $205 / Sq Ft
07/19/2020 07/19/20 Pending -- -- --
07/15/2020 07/15/20 Price Changed $995,000 -5.1% $213 / Sq Ft
06/23/2020 06/23/20 Price Changed $1,049,000 -4.1% $224 / Sq Ft
06/13/2020 06/13/20 Price Changed $1,094,000 -0.1% $234 / Sq Ft
06/05/2020 06/05/20 Price Changed $1,095,000 -0.1% $234 / Sq Ft
05/29/2020 05/29/20 Price Changed $1,096,000 -0.1% $234 / Sq Ft
05/22/2020 05/22/20 Price Changed $1,097,000 -0.1% $234 / Sq Ft
05/15/2020 05/15/20 Price Changed $1,098,000 -0.1% $235 / Sq Ft
02/28/2020 02/28/20 For Sale $1,099,000 +40.9% $235 / Sq Ft
01/16/2019 01/16/19 Sold $780,000 -9.8% $167 / Sq Ft
12/12/2018 12/12/18 Pending -- -- --
05/24/2018 05/24/18 Price Changed $865,000 -2.7% $185 / Sq Ft
01/12/2018 01/12/18 For Sale $889,000 +14.0% $190 / Sq Ft
10/28/2014 10/28/14 Sold $780,000 -37.6% $167 / Sq Ft
10/02/2014 10/02/14 Pending -- -- --
10/11/2012 10/11/12 For Sale $1,250,000 -- $267 / 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 $7,466 $969,300 $357,500 $611,800
2023 $6,650 $969,300 $357,500 $611,800
2022 $5,535 $969,300 $357,500 $611,800
2021 $5,520 $887,300 $325,000 $562,300
2020 $5,137 $887,300 $325,000 $562,300
2019 $5,079 $879,700 $325,000 $554,700
2018 $0 $879,700 $325,000 $554,700
2017 $4,619 $879,700 $325,000 $554,700
2016 $4,619 $879,700 $325,000 $554,700
2015 -- $879,700 $325,000 $554,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 76591

Outer Banks Association of REALTORS®

APN: 127C-000-0117-0000