NOT LISTED FOR SALE

451 Pipsis Point Rd Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $2,847,000 - $3,914,888

9 Beds
12 Baths
5,950 Sq Ft
$564/Sq Ft Est. Value

Last Sold April 16, 2020

Last sale price $2,350,000 $395 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $20,386/month

329 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • In Ground Pool
  • Community Beach Access
  • Home Theater
  • 0.85 Acre Lot

About This Home

As of April 2020

Welcome to Coastal Living as it was meant to be! Carefully and thoughtfully re-designed, enlarged and remodeled in 2008, Carolina By The Sea is a stunning 9 bedroom (all generously sized with ensuite baths) Oceanfront paradise in prestigious Pine Island. The soft and clean color palette and stunning décor, create the perfect seaside back drop. Tucked away at the end of a winding drive, in a cul-de-sac, this hidden treasure enjoys 100’ of ocean frontage and uncrowded beach. Nothing has been overlooked in this home and there are plenty of spaces to spread out – whether it be in one of TWO game rooms featuring pool AND shuffleboard along with a wet bar and entertainment area, the ships watch reading nook, the great room or the sun room – and the home accommodates all with an elevator servicing all levels and a true handicap accessible master bedroom on the ground level. Wonderful meals will be cooked in the gourmet kitchen and enjoyed around the large family table. Lounge by your large pool or take a nighttime dip in the hot tub under the stars while you listen to the sound of the waves. In the morning, watch the sunrise perched high atop your dune deck with built in benches. Protected behind a beautiful, stable dune this home is turnkey! Don’t miss this opportunity! Be sure to check out the 360 degree house tour. All this and cash flow! Over $122,000 already on the books for 2020 as of October 8, 2019; renters love this house!

Last Listed By

Danielle Taylor

Keller Williams - Outer Banks License #273134 Listed on: 04/01/2019

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,172

Year Built

  • Built in 1994

Lot Details

  • 0.85 Acre Lot
  • Beach Front
  • Property fronts a private road
  • Cul-De-Sac
  • Landscaped

HOA Fees

  • $279 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

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

Interior Spaces

  • 5,950 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Entrance Foyer
  • Home Theater
  • Game Room
  • Sun or Florida Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Built-In Oven
  • Built-In Range
  • Microwave
  • Second Refrigerator
  • Plumbed For Ice Maker
  • Second Dishwasher
  • Wine Cooler

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Accessible Home Design

  • Handicap Accessible

Pool

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

Utilities

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

Listing and Financial Details

  • Tax Lot #28

Community Details

Overview

  • Association fees include common electric, common insurance, management, pool, road maintenance, tennis courts, walkways
  • Pine Island Pud Subdivision

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,172

Year Built

Built in 1994

Lot Details

0

HOA Fees

$279 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: N on 12 to Black Pine Rd; L at stop sign onto N Cove Rd; R on Pipsi Point Rd; house is at the end of the cul-de-sac, down driveway with "Carolina By the Sea" sign in the yard.
  • Extras: Beach Access, Ceiling Fan(s), Elevator, Handicap Friendly, Hot Tub, Landscaped, Outside Shower, Smoke Detector(s), Inside Laundry Room
  • Headline: Turnkey Investors Dream!
  • Heated Sq Ft: 5950
  • L V T Date: 04/01/2019
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Advertised Income 2020: 174230
  • Deed Book Pg Number: 224
  • 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: Countertop Range, Dishwasher, Dryer, Ice Machine, Microwave, Refrigerator, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator, Wine Cooler
  • Bedrooms: 9
  • Countertops: Silestone
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 10
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Ice Maker Connection, Ensuite, Washer Connection, Wet Bar
  • Optional Rooms: Foyer, Game Room, Sun/Florida Room, Shipswatch, Media Room
  • Partial Bathrooms: 2

Exterior Features

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

Garage/Parking

  • Parking: Off Street

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Management, Pool, Road Maintenance, Tennis Courts, Walkways
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground
  • Association Fee: Yes
  • Estimated Annual Fee: 3343

Lot Info

  • Estimated Lot Sq Ft: 36929
  • Lot Description: Beach Frontage, Cul-de-sac, Water Frontage
  • Lot Number: Lot #28
  • Estimated Lot Size: 0.85
  • Deed Book: 988

Rental Info

  • Est Annual Rental Income: 231500
  • Estimated Rental Performance: 0.0985
  • Rental Co: Carolina Designs
  • Rental Cottage Name: Carolina by the Sea
  • Rental Cottage Number: 798
  • Rental Phone Number: 252-261-3934
  • Rental Turnover Day: Sun

Building Info

  • Year Built: 1994

Tax Info

  • Year: 2019
  • Taxes: 11172

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2019
Closed on
Mar 24, 2020
Sold by
Norville E Mitchell E and Norville Carla S
Bought by
Otv Coastal Llc
Seller's Agent
Danielle Taylor
Keller Williams - Outer Banks
Buyer's Agent
Steven Gross
Twiddy and Company - Corolla
List Price
$2,450,000
Sold Price
$2,350,000
Premium/Discount to List
-$100,000
-4.08%
Total Days on Market
329
Current Estimated Value
$3,355,472

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,005,472
Avg. Annual Appreciation
7.25%
Original Mortgage
$1,762,500
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 2007
Sold by
Campion Daniel W and Campion Linda A
Bought by
Norville E Mitchell and Norville Carla S

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 Buyer Sale Price Title Company
Otv Coastal Llc $2,350,000 None Available
Norville E Mitchell $2,300,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Otv Coastal Llc $1,190,000
Closed Otv Coastal Llc $1,762,500
Previous Owner Norville E Mitchell $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2020 04/16/20 Sold $2,350,000 -4.1% $395 / Sq Ft
02/24/2020 02/24/20 Pending -- -- --
12/11/2019 12/11/19 For Sale $2,450,000 0.0% $412 / Sq Ft
11/18/2019 11/18/19 Pending -- -- --
07/29/2019 07/29/19 Price Changed $2,450,000 -3.9% $412 / Sq Ft
04/01/2019 04/01/19 For Sale $2,550,000 -- $429 / 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 $16,977 $2,323,600 $1,624,000 $699,600
2023 $16,977 $2,323,600 $1,624,000 $699,600
2022 $12,286 $2,323,600 $1,624,000 $699,600
2021 $12,228 $2,109,400 $1,395,600 $713,800
2020 $11,450 $2,109,400 $1,395,600 $713,800
2019 $11,172 $2,056,900 $1,395,600 $661,300
2018 $11,260 $2,073,500 $1,395,600 $677,900
2017 $10,203 $2,073,500 $1,395,600 $677,900
2016 $10,203 $2,073,500 $1,395,600 $677,900
2015 -- $2,073,500 $1,395,600 $677,900
Source: Public Records

Agents Affiliated with this Home

  • Danielle Taylor

    Seller's Agent in 2020

    Danielle Taylor

    Keller Williams - Outer Banks

    (252) 489-9185

    47 in this area

    139 Total Sales

    Danielle Taylor
    Section Image
  • Steven Gross

    Buyer's Agent in 2020

    Steven Gross

    Twiddy and Company - Corolla

    (252) 864-9035

    25 in this area

    57 Total Sales

    Steven Gross
    Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 104491

Outer Banks Association of REALTORS®

APN: 127C-000-0028-0000

North Carolina Currituck County Corolla 27927 Corolla

451 Pipsis Point Rd, Corolla, NC

Homes for Sale in Corolla, NC

This home is located at 451 Pipsis Point Rd, Corolla, NC 27927 since 01 April 2019 and is currently estimated at $3,355,472, approximately $563 per square foot. This property was built in 1994. 451 Pipsis Point Rd is a home located in Currituck County with nearby schools including Knotts Island Elementary School, Currituck County Middle School, and Currituck County High School.

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Outer Banks Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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