NOT LISTED FOR SALE

456 Pipsis Point Rd Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $1,724,000 - $1,927,000

6 Beds
5.5 Baths
3,882 Sq Ft
$475/Sq Ft Est. Value

Last Sold February 09, 2017

Last sale price $925,000 $238 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $10,686/month

557 Days on Market

Highlights

  • Community Beach Access
  • Spa
  • Coastal Architecture
  • Ocean Front
  • Second Refrigerator
  • Cathedral Ceiling

About This Home

As of February 2017

This beautifully designed semi-oceanfront gem is perfectly positioned along a private cul-de-sac with the majestic Corolla Beachfront less than a 100 yards away and a large community pool/tennis facility conveniently located just to the west. The immaculately maintained home has never been rented, therefore the normal wear & tear you'd typically see with a 15+ year old vacation home has no bearing on this flawlessly kept masterpiece. The unrivaled attention to detail and true craftsmanship is visible throughout, from the professionally installed hard-wood and tiled flooring, plush wall-to-wall bedroom carpeting, custom built-in cabinetry, strategically positioned two-sided gas fireplace and an extensive list of comfortable high-end furniture pieces and timeless interior decor. This Stormont & Co. inspired 6 Bedroom/5.5 Bath luxury home evokes the perfect balance of coastal comfort, elegance & style. The 3882 HtdLvSqFt reverse-floor plan is tailor-made for hosting larger parties with multiple master bedroom suites located on all three levels, complete with plush custom tiled walk-in showers & "his and hers" vanity sinks. The spacious cathedral ceiling living room, dining room, ships watch & kitchen area make it the ideal venue for nearly any occasion with huge wrap around upper & mid-level decks conveniently located throughout to help accommodate any overflow of unexpected guest(s). A spacious ground-level game room complete with bumper pool, keg-orator, big-screen TV and comfortable couches & chairs is the quintessential spot to catch the Big Game or newest Movie release. For those craving a more outdoor intimate setting, an enormous back patio and convenient in-deck hot tub allow folks to relax & unwind under the stars or basking in the midst of yet another breathtaking Sunset over the Currituck Sound just to the West. Pine Island Dune Assessment for 2017 is $3076.06. If a premier-custom-built turn-key vacation property with impressive rental returns in an exclusively private ocean-side setting is what you desire... look no further than 456 Pipsi Point. This priced to sell, "mint" condition semi-oceanfront luxury home has it all. Come see for yourself...

Last Agent to Sell the Property

Katherine Stormont

Brindley Beach Vacations & Sales-Duck License #130240 Listed on: 06/25/2015

Last Buyer's Agent

Trisha Midgett

Midgett Realty - Rodanthe License #162204

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,709

Year Built

  • Built in 1997

Lot Details

  • 0.36 Acre Lot
  • Ocean Front
  • Cul-De-Sac

HOA Fees

  • $208 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 3,882 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Game Room
  • Utility Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Whirlpool Bathtub
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

  • Spa
  • Outdoor Pool

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Patio

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District for Water and Sewer

Listing and Financial Details

  • Tax Lot #31

Community Details

Overview

  • Association fees include common insurance, pool, tennis courts, walkways
  • Built by Dave Stormont
  • Pine Island Pud Subdivision

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,709

Year Built

Built in 1997

Lot Details

0

HOA Fees

$208 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Turn East onto Black Pine Rd off of Hwy 12, then turn Left onto N. Cove Rd. Turn Right onto Pipsi Point Road and home will be on your right.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Hot Tub, Jet Tub, Patio, Smoke Detector(s), Sun Deck, Whirlpool/Spa
  • Headline: Stunning Pine Island 6BR/5.5BA
  • Heated Sq Ft: 3882
  • Roads: Paved
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: Res
  • Deed Book Pg Number: 692
  • Office License Number: C14121
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Refrigerator, Wine Cooler
  • Bedrooms: 6
  • Bedroom 1: On Level: 2
  • Bedroom 2: On Level: 1
  • Bedroom 3: On Level: 1
  • Bedroom 4: On Level: 1
  • Bedroom 5: On Level: 1
  • Bedroom 6: On Level: Ground
  • Kitchen: On Level: 2
  • Floor Coverings: Carpet, Tile, Wood
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Gas Fireplace, Ensuite, Wet Bar
  • Dining Room: On Level: 2
  • Family Room: On Level: 2
  • Game Room: On Level: Ground
  • Living Room: On Level: 2
  • Optional Rooms: Game Room, Utility Room, Shipswatch
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: Dave Stormont
  • Construction: Frame, Wood
  • Exterior: Shakes, Wood
  • Pool: Yes
  • Pool: Association
  • Pool Type: Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Insurance, Pool, Tennis Courts, Walkways
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground
  • Association Fee: Yes
  • Estimated Annual Fee: 2495

Lot Info

  • Estimated Lot Sq Ft: 15866
  • Lot Description: Cul-de-sac
  • Lot Faces: E
  • Lot Number: Lot #31
  • Deed Book: 337

Rental Info

  • Est Annual Rental Income: 78895
  • Estimated Rental Performance: 0.0853

Building Info

  • Year Built: 1997

Tax Info

  • Year: 2015
  • Taxes: 4708.8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2015
Closed on
Feb 8, 2017
Sold by
Cooper John V and Cooper Heather A
Bought by
Brown Michael J and Brown Barrie
Seller's Agent
Katherine Stormont
Brindley Beach Vacations & Sales-Duck
Buyer's Agent
Trisha Midgett
Midgett Realty - Rodanthe
List Price
$1,199,000
Sold Price
$925,000
Premium/Discount to List
-$274,000
-22.85%
Current Estimated Value
$1,845,349

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$920,349
Avg. Annual Appreciation
8.62%
Original Mortgage
$690,000
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 1994
Bought by
Cooper John and Cooper Heather A
Source: Public Records

Range of Values:

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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
Brown Michael J $925,000 None Available
Cooper John $207,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown Michael J $690,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2017 02/09/17 Sold $925,000 -22.9% $238 / Sq Ft
01/02/2017 01/02/17 Pending -- -- --
06/25/2015 06/25/15 For Sale $1,199,000 -- $309 / 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 $8,329 $1,094,900 $530,000 $564,900
2023 $8,329 $1,089,000 $530,000 $559,000
2022 $5,749 $1,041,700 $530,000 $511,700
2021 $5,864 $997,500 $500,000 $497,500
2020 $5,689 $997,500 $500,000 $497,500
2019 $5,557 $997,500 $500,000 $497,500
2018 $5,557 $981,000 $500,000 $481,000
2017 $4,959 $981,000 $500,000 $481,000
2016 $4,959 $981,000 $500,000 $481,000
2015 $4,959 $981,000 $500,000 $481,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 88626

Outer Banks Association of REALTORS®

APN: 127C-000-0031-0000