NOT LISTED FOR SALE

459 Pipsis Point Rd Corolla, NC 27927

Estimated Value: $2,972,000 - $3,702,044

8 Beds
8.5 Baths
5,511 Sq Ft
$613/Sq Ft Est. Value

Last Sold January 26, 2016

Last sale price $1,966,250 $357 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $19,391/month

43 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • 35,283 Sq Ft lot
  • Community Beach Access
  • In Ground Pool
  • Second Refrigerator

About This Home

As of January 2016

Seas the Day is the ultimate northern Outer Banks beach house. Vacation amenities such as a gameroom, hot tub and pool balance harmoniously in this well-appointed, 5000 square foot, 8-bedroom residence on 3 levels of living space, serviced by both stairs and elevator. Situated on almost an acre in the prestigious community of Pine Island, this private retreat boasts broad decks, banks of 2-story windows, and private balconies giving the home a true feeling of coastal presence. Inside, the amenities continue and include a gourmet kitchen with double stainless appliances and granite counters, a gas fireplace, jet tubs, tasteful décor, stunning architecture and graciously-sized bedrooms.

Last Agent to Sell the Property

Sarah Spencer

Keller Williams - Outer Banks License #185795 Listed on: 10/23/2015

Keller Williams - Outer Banks

Last Buyer's Agent

Crystal Clark

Coldwell Banker Seaside Realty KH License #202156

Coldwell Banker Seaside Realty KH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,431

Year Built

  • Built in 1999

Lot Details

  • 0.81 Acre Lot
  • Lot Dimensions are 386 x 90
  • Beach Front
  • Property fronts a private road
  • Cul-De-Sac
  • Landscaped
  • Sprinkler System

HOA Fees

  • $291 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 5,511 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Entrance Foyer
  • Ocean Views

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Microwave
  • Second Refrigerator
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

  • Heat Pump System
  • Municipal Utilities District Water
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot 24

Community Details

Overview

  • Association fees include common insurance, grounds maintenance, management, pool, road maintenance, security
  • Pine Island Pud Subdivision

Recreation

  • Community Beach Access
  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,431

Year Built

Built in 1999

Lot Details

0

HOA Fees

$291 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Turn onto Black Pine. Left onto N Cove. Right onto Pipsi's Point.
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Elevator, Hot Tub, Jet Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Sun Deck
  • Flood Zone: VE
  • Headline: Oceanfront Rental Dream
  • Heated Sq Ft: 5511
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 28
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Wall Oven, Washer, 2nd Refrigerator
  • Bedrooms: 8
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile
  • Foundation: Piling, Slab
  • Full Bathrooms: 8
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Gas Fireplace, Ensuite, Wet Bar
  • Optional Rooms: Breakfast Nook, Foyer, Shipswatch
  • Partial Bathrooms: 1

Exterior Features

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

Utilities

  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Septic Fee: 540
  • Sewer/Septic System: Community Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Common Insurance, Grounds Maintenance, Management, Pool, Road Maintenance, Security
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis
  • Association Fee: Yes
  • Estimated Annual Fee: 3497
  • Home Owner Dwelling Insurance: 9048

Lot Info

  • Estimated Lot Sq Ft: 35283
  • Lot Description: Beach Frontage, Cul-de-sac
  • Lot Size: 386 x 90
  • Lot Number: Lot 24
  • Deed Book: 440

Rental Info

  • Est Annual Rental Income: 223825
  • Estimated Rental Performance: 0.1138
  • Flood Expenses: 2861
  • Lease Terms: Weekly
  • Other Expenses: 720
  • Other Expenses2: 1320
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Seas the Day
  • Rental Cottage Number: E024
  • Rental Phone Number: 457-1100
  • Rental Turnover Day: SAT
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 1418
  • Annual Electric: 5418
  • Annual Telephone Expense: 528
  • Annual Water Expense: 1085

Building Info

  • Year Built: 1999

Tax Info

  • Year: 2015
  • Taxes: 10431

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 3, 2025
Sold by
Hatzigiannidis Konstantinos and Hatzigiannidis Ekaterini
Bought by
Hatzigiannidis Living Trust and Hatzigiannidis
Current Estimated Value
$3,379,681

Purchase Details

Listed on
Oct 23, 2015
Closed on
Jan 26, 2016
Sold by
Smith Russell J and Smith Mary Carol
Bought by
Hatzigianidis Konstantiona and Hatzigianidis Ekaterini
Seller's Agent
Sarah Spencer
Keller Williams - Outer Banks
Buyer's Agent
Crystal Clark
Coldwell Banker Seaside Realty KH
List Price
$2,199,000
Sold Price
$1,966,250
Premium/Discount to List
-$232,750
-10.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.59%

Purchase Details

Closed on
Aug 17, 1998
Bought by
Smith, Russell J Trust
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
Hatzigiannidis Living Trust -- None Listed On Document
Hatzigiannidis Living Trust -- None Listed On Document
Hatzigianidis Konstantiona $1,966,500 None Available
Smith, Russell J Trust $540,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/26/2016 01/26/16 Sold $1,966,250 -10.6% $357 / Sq Ft
12/05/2015 12/05/15 Pending -- -- --
10/23/2015 10/23/15 For Sale $2,199,000 -- $399 / 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 $17,335 $2,370,700 $1,636,800 $733,900
2024 $17,319 $2,370,700 $1,636,800 $733,900
2023 $15,377 $2,370,700 $1,636,800 $733,900
2022 $12,714 $2,370,700 $1,636,800 $733,900
2021 $12,699 $2,087,100 $1,406,600 $680,500
2020 $11,530 $2,087,100 $1,406,600 $680,500
2019 $11,512 $2,087,100 $1,406,600 $680,500
2018 $11,512 $2,087,100 $1,406,600 $680,500
2017 $10,431 $2,087,100 $1,406,600 $680,500
2016 $10,431 $2,087,100 $1,406,600 $680,500
2015 $10,431 $2,087,100 $1,406,600 $680,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 90007

Outer Banks Association of REALTORS®

APN: 127C-000-0024-0000