NOT LISTED FOR SALE

450 Myrtle Pond Rd Corolla, NC 27927

Estimated Value: $1,709,000 - $1,850,000

9 Beds
10 Baths
4,855 Sq Ft
$366/Sq Ft Est. Value

Last Sold July 09, 2021

Last sale price $1,275,000 $263 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $10,187/month

25 Days on Market

Highlights

  • Community Beach Access
  • Health Club
  • Second Refrigerator
  • Ocean View
  • Concrete Pool
  • Coastal Architecture

About This Home

As of July 2021

STRONG rental investment with over $140K in rental income for 2021 in the prestigious neighborhood of Pine island, just a short walk to the beach! X Flood Zone-- no flood insurance required. Beautiful luxury home with all the amenities that renters appreciate-- including elevator, heated private pool, hot tub, volleyball court, gameroom with pool table and kitchenette, and plenty of large covered decks to relax and take in the ocean views! A solid investment opportunity and very well-maintained home that boasts with nine bedrooms total, seven of which are masters with a private bath. The reverse floorplan boasts a large comfortable living room with vaulted ceilings, dining room, and open kitchen with large island on the top level, along with the main master bedroom suite. A captain's watch/loft area with a queen sleeper sofa offers another great gathering space to take in the views! The mid-level has three king master bedrooms and two more bedrooms with bunk beds and a full bath. The lower level has three king master bedrooms, a rec room with a pool table and foosball table, wet bar and refrigerator, the laundry room and a half bath with easy access to the pool area. You can access the recreation room from the lower level and the pool. The large 16x32 pool and hot tub area is fenced for privacy and just beyond is the volleyball court!

Last Agent to Sell the Property

Four Seasons Realty

Four Seasons Realty License #177785 Listed on: 04/30/2021

Co-Listed By

Robert Konstanzer

Four Seasons Realty License #189406

Last Buyer's Agent

Matt Myatt

Keller Williams - Outer Banks License #218707

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,490

Year Built

  • Built in 2004

Lot Details

  • Landscaped
  • Corner Lot
  • Level Lot

HOA Fees

  • $238 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Reverse Style Home
  • Asphalt Shingled Roof

Interior Spaces

  • 4,855 Sq Ft Home
  • Elevator
  • Furnished
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Loft
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Patio
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tax Lot 120

Community Details

Overview

  • Association fees include grounds maintenance, management, pool, tennis courts, walkways
  • Seaside Management Association, Phone Number (252) 261-1200
  • Pine Island Pud Subdivision

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,490

Year Built

Built in 2004

Lot Details

0

HOA Fees

$238 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Elevator, Hot Tub, Landscaped, Outside Lighting, Outside Shower, Patio, Smoke Detector(s), Sun Deck, Inside Laundry Room
  • Flood Zone: X
  • Headline: OVER $140K IN RENTAL INCOME
  • Heated Sq Ft: 4855
  • L V T Date: 05/03/2021
  • Roads: Paved
  • Sale/Rent: For Sale
  • Waterfront Location: More than 5th row
  • Zoning: Res
  • Advertised Income 2021: 141803
  • Deed Book Pg Number: 71
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C14915
  • 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: 9
  • Floor Coverings: Carpet, Tile, Vinyl Tile
  • Full Bathrooms: 8
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Dryer Connection, Gas Connection, Gas Fireplace, Ensuite, Washer Connection, 1st Flr Ensuite
  • Optional Rooms: Foyer, Game Room, Loft
  • Partial Bathrooms: 2

Exterior Features

  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Concrete, Heated, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Grounds Maintenance, Management, Pool, Tennis Courts, Walkways
  • Association Amenities: Health Club, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Park, Playground
  • Association Fee: Yes
  • Estimated Annual Fee: 2861
  • Hoa Contact: Seaside Management
  • HOA Contact: 252-261-1200
  • Home Owner Dwelling Insurance: 7384

Lot Info

  • Lot Description: Corner, Level
  • Lot Number: Lot 120
  • Deed Book: 1143

Rental Info

  • Est Annual Rental Income: 141803
  • Estimated Rental Performance: 0.1112
  • Rental Co: Sun Realty
  • Rental Cottage Name: Angel's Allure
  • Rental Cottage Number: PI-3
  • Rental Turnover Day: Saturday
  • Rental Contact Email: christybruff@sunrealtync.com
  • Rental Contact Name: Christy Bruff

Building Info

  • Year Built: 2004

Tax Info

  • Year: 2020
  • Taxes: 5489.98

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2021
Closed on
Jul 9, 2021
Sold by
Dominick John M and Dominick Shirley M
Bought by
Pritchard Michael J and Pritchard Rachel E
Seller's Agent
Four Seasons Realty
Four Seasons Realty
Buyer's Agent
Matt Myatt
Keller Williams - Outer Banks
List Price
$1,350,000
Sold Price
$1,275,000
Premium/Discount to List
-$75,000
-5.56%
Current Estimated Value
$1,775,639

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$500,639
Avg. Annual Appreciation
7.59%
Original Mortgage
$1,020,000
Outstanding Balance
$921,469
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$854,170

Purchase Details

Closed on
Nov 4, 2010
Sold by
Lighthouse Enterprises Llc
Bought by
Dominick John M and Dominick Shirley M

Purchase Details

Closed on
Dec 1, 2009
Sold by
Dominick John and Dominick Shirley
Bought by
Lighthouse Enterprises Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Pritchard Michael J $6,375,000 Gray & Lloyd Llp
Dominick John M -- None Available
Lighthouse Enterprises Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pritchard Michael J $1,020,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2021 07/09/21 Sold $1,275,000 -5.6% $263 / Sq Ft
05/25/2021 05/25/21 Pending -- -- --
04/30/2021 04/30/21 For Sale $1,350,000 -- $278 / 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 $7,980 $1,037,000 $357,500 $679,500
2024 $7,980 $1,037,000 $357,500 $679,500
2023 $7,964 $1,037,000 $357,500 $679,500
2022 $5,898 $1,037,000 $357,500 $679,500
2021 $5,900 $950,500 $325,000 $625,500
2020 $5,490 $950,500 $325,000 $625,500
2019 $5,473 $950,500 $325,000 $625,500
2018 $5,473 $950,500 $325,000 $625,500
2017 $4,978 $950,500 $325,000 $625,500
2016 $4,812 $950,500 $325,000 $625,500
2015 $4,812 $950,500 $325,000 $625,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 114188

Outer Banks Association of REALTORS®

APN: 127C-000-0120-0000