NOT LISTED FOR SALE

462 Pipsis Point Rd Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $1,250,000 - $1,400,000

5 Beds
4.5 Baths
2,496 Sq Ft
$530/Sq Ft Est. Value

Last Sold October 23, 2020

Last sale price $760,000 $304 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $7,725/month

84 Days on Market

Highlights

  • Community Beach Access
  • Spa
  • Hydromassage or Jetted Bathtub
  • Ocean Front
  • Coastal Architecture
  • Furnished

About This Home

As of October 2020

Excellent location with beach access directly across the street. Phenomenal views! This home is a few yards from the Pine Island pool complex and tennis courts, but also has plenty of room for pool installation. It has been well maintained by the original owners and has only been available for rent June-August. Owners normally take 1-2 weeks during that time. Plenty of room for additional rental income. Inside there are 2 King MBRs, one on the top level and one on the mid level. The mid level also has a room with a set of twins and another with a duo/bunk. These two share a bath. The ground level has a Queen MBR. This is a nice, solid, well maintained home and is definitely worth seeing asap! Recent updates to house: HVAC Units new in 2014. Hot Tub new in 2019, Corian counter tops & barstools new in 2019. New roof in 2015.

Last Agent to Sell the Property

Eddie Kavanaugh

Keller Williams - Outer Banks License #126307 Listed on: 05/28/2020

Keller Williams - Outer Banks

Co-Listed By

Denise Graham

Keller Williams - Outer Banks License #190990

Last Buyer's Agent

Sarah Spencer

Keller Williams - Outer Banks License #185795

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,517

Year Built

  • Built in 1993

Lot Details

  • Ocean Front
  • Property fronts a private road
  • Level Lot

HOA Fees

  • $208 Monthly HOA Fees

Parking

  • Tuck Under Parking

Home Design

  • Coastal Architecture
  • Cottage
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 2,496 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Gas Fireplace
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Corian Countertops
  • Laminate Countertops

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Pool

  • Spa
  • Outdoor Pool
  • Outdoor Shower

Outdoor Features

  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tax Lot 34

Community Details

Overview

  • Association fees include common electric, grounds maintenance, pool, road maintenance, security, tennis courts, walkways
  • Jeff Shields Association
  • Pine Island Pud Subdivision

Amenities

  • Common Area

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,517

Year Built

Built in 1993

Lot Details

0

HOA Fees

$208 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal, Cottage
  • Directions: North on Rt 12. Right on Black Pine, left on Cove. Follow Cove around to Pipsi's Pt. Take a right. Home is the 2nd on the right
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Hot Tub, Jet Tub, Outside Lighting, Outside Shower
  • Flood Zone: X
  • Headline: Great Location! Awsome Views!
  • Heated Sq Ft: 2496
  • L V T Date: 05/28/2020
  • Roads: Private
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: Res
  • Advertised Income 2020: 46030
  • Deed Book Pg Number: 546
  • 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: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 5
  • Countertops: Laminate, Corian
  • Floor Coverings: Carpet, Tile, Vinyl
  • Foundation: Piling, Slab
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Washer Connection
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Association
  • Pool Type: Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Under

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Grounds Maintenance, Pool, Road Maintenance, Security, Tennis Courts, Walkways
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 2495
  • Hoa Contact: Jeff Shields
  • HOA Contact: PI HOA

Lot Info

  • Lot Description: Level
  • Lot Number: Lot 34
  • Deed Book: 325

Rental Info

  • Lease Terms: Weekly
  • Rental Co: Vacasa - North
  • Rental Cottage Name: Gullway Bay
  • Rental Cottage Number: PI 34
  • Rental Phone Number: 252-453-9660
  • Rental Turnover Day: Sunday
  • Rental Contact Email: nancy.beasley@corollaclassicvacations.com
  • Rental Contact Name: Nancy Beasley 252-453-9660
  • Rental Contact Phone: 252-453-9660

Building Info

  • Year Built: 1993

Tax Info

  • Year: 2019
  • Taxes: 4517

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2020
Closed on
Oct 2, 2020
Sold by
Long Lloyd E and Long Barbara G
Bought by
Horn James E and Horn Donna M
Seller's Agent
Eddie Kavanaugh
Keller Williams - Outer Banks
Buyer's Agent
Sarah Spencer
Keller Williams - Outer Banks
List Price
$789,000
Sold Price
$760,000
Premium/Discount to List
-$29,000
-3.68%
Current Estimated Value
$1,322,280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$562,280
Avg. Annual Appreciation
12.05%
Original Mortgage
$510,400
Outstanding Balance
$455,219
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$877,945

Purchase Details

Closed on
Oct 1, 1993
Bought by
Long Lloyd E and Long Barbara G
Source: Public Records

Range of Values:

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Average Value
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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
Horn James E $760,000 None Available
Long Lloyd E $205,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Horn James E $510,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2020 10/23/20 Sold $760,000 -3.7% $304 / Sq Ft
08/20/2020 08/20/20 Pending -- -- --
05/28/2020 05/28/20 For Sale $789,000 -- $316 / 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 $6,067 $787,200 $530,000 $257,200
2023 $6,067 $759,000 $530,000 $229,000
2022 $4,365 $759,000 $530,000 $229,000
2021 $4,350 $787,100 $500,000 $287,100
2020 $4,525 $787,100 $500,000 $287,100
2019 $4,518 $787,100 $500,000 $287,100
2018 $4,518 $787,100 $500,000 $287,100
2017 $4,097 $787,100 $500,000 $287,100
2016 $4,097 $787,100 $500,000 $287,100
2015 $4,097 $787,100 $500,000 $287,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 109446

Outer Banks Association of REALTORS®

APN: 127C-000-0034-0000