NOT LISTED FOR SALE

463 Pipsis Point Rd Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $2,200,000 - $4,008,000

10 Beds
9.5 Baths
5,023 Sq Ft
$653/Sq Ft Est. Value

Last Sold June 08, 2018

Last sale price $2,290,000 $456 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $19,781/month

39 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Concrete Pool
  • Community Beach Access
  • Home Theater
  • Second Refrigerator

About This Home

As of June 2018

Upgraded completely and priced correctly...welcome to Breakwater! This home achieved $257,080 in rent in 2017 and has $252,500 confirmed for 2018 as of March 15. The prestigious northern Pine Island location with ninety feet of ocean frontage has outstanding dune protection. This home sparkles from top to bottom! Bathrooms, flooring, theater, elevator...its all done! Prime weekly rate for 2018: $18,450.

Last Listed By

Gray Berryman

Carolina Designs Realty License #214315 Listed on: 03/15/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,324

Year Built

  • Built in 1993

Lot Details

  • Beach Front
  • Property fronts a private road
  • Landscaped

HOA Fees

  • $255 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 5,023 Sq Ft Home
  • Elevator
  • Furnished
  • Cathedral Ceiling
  • Gas Fireplace
  • Home Theater
  • Screened Porch
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • Tuck Under Parking
  • Paved Parking
  • Off-Street Parking

Pool

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

Utilities

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

Additional Features

  • Handicap Accessible
  • Sun Deck

Listing and Financial Details

  • Tax Lot 22

Community Details

Overview

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

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,324

Year Built

Built in 1993

Lot Details

0

HOA Fees

$255 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: From 12 in Corolla, turn on Black Pine, left on North Cove and then home is slightly too right on Pipsi.
  • Extras: Elevator, Handicap Friendly, Hot Tub, Jet Tub, Landscaped, Outside Shower, Screened Porch, Smoke Detector(s), Sun Deck, Dry Entry
  • Headline: Outstanding Condition!
  • Heated Sq Ft: 5023
  • L V T Date: 03/15/2018
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 613
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: No
  • Newpoint Media: Yes
  • Office License Number: C6124
  • Outer Banks Software: Yes
  • Terradatum Inc: No
  • W And R Studios: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 10
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Wood
  • Foundation: Piling, Slab
  • Full Bathrooms: 9
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Cathedral Ceiling(s), Gas Fireplace, Ice Maker Connection, Ensuite
  • Optional Rooms: Home Theater
  • Partial Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street, Under

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Road Maintenance, Tennis Courts, Walkways
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Park, Playground
  • Association Fee: Yes
  • Estimated Annual Fee: 3062

Lot Info

  • Lot Description: Beach Frontage, Water Frontage
  • Lot Number: Lot 22
  • Deed Book: 878

Rental Info

  • Est Annual Rental Income: 257080
  • Estimated Rental Performance: 0.1123
  • Lease Terms: Weekly
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Breakwater
  • Rental Cottage Number: E 022
  • Rental Phone Number: 252-457-1169
  • Rental Turnover Day: Saturday
  • Rental Contact Email: jkavanaugh@twiddy.com
  • Rental Contact Name: Jen Kavanaugh
  • Rental Contact Phone: 457-1100

Building Info

  • Year Built: 1993

Tax Info

  • Year: 2017
  • Taxes: 9324

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2018
Closed on
Jun 8, 2018
Sold by
Scher William B and Scher Ellen Macneil
Bought by
Triangle Old Annapolis Asset Llc and Triangle Montgomery Annapolis Asset Llc
Seller's Agent
Gray Berryman
Carolina Designs Realty
Buyer's Agent
Martha Springer
Twiddy and Company - Corolla
List Price
$2,375,000
Sold Price
$2,290,000
Premium/Discount to List
-$85,000
-3.58%
Total Days on Market
39
Current Estimated Value
$3,279,905

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$989,905
Avg. Annual Appreciation
5.31%
Original Mortgage
$1,030,500
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 2005
Sold by
463 Pipsis Point Road Llc
Bought by
Ellen Scher Jr Willia B and Ellen Macneail C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,837,500
Interest Rate
5.54%
Mortgage Type
New Conventional

Range of Values:

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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
Triangle Old Annapolis Asset Llc $2,290,000 None Available
Ellen Scher Jr Willia B $2,650,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Obx Re-Ducks Llc $9,100,000
Closed Triangle Old Annapolis Asset Llc $1,030,500
Previous Owner Ellen Scher Jr Willia B $1,837,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2018 06/08/18 Sold $2,290,000 -3.6% $456 / Sq Ft
04/23/2018 04/23/18 Pending -- -- --
03/15/2018 03/15/18 For Sale $2,375,000 -- $473 / 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 $16,104 $2,198,600 $1,557,600 $641,000
2023 $16,104 $2,173,900 $1,557,600 $616,300
2022 $11,696 $2,173,900 $1,557,600 $616,300
2021 $11,681 $1,920,900 $1,338,600 $582,300
2020 $10,662 $1,920,900 $1,338,600 $582,300
2019 $10,605 $1,920,900 $1,338,600 $582,300
2018 $10,605 $1,920,900 $1,338,600 $582,300
2017 $9,624 $1,920,900 $1,338,600 $582,300
2016 $9,624 $1,920,900 $1,338,600 $582,300
2015 -- $1,899,500 $1,338,600 $560,900
Source: Public Records

Agents Affiliated with this Home

  • Gray Berryman

    Seller's Agent in 2018

    Gray Berryman

    Carolina Designs Realty

    (252) 573-9503

    48 in this area

    214 Total Sales

    Gray Berryman
    Section Image
  • Martha Springer

    Buyer's Agent in 2018

    Martha Springer

    Twiddy and Company - Corolla

    (252) 982-6045

    100 in this area

    135 Total Sales

    Martha Springer
    Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 99676

Outer Banks Association of REALTORS®

APN: 127C-000-0022-0000

North Carolina Currituck County Corolla 27927 Corolla

463 Pipsis Point Rd, Corolla, NC

Homes for Sale in Corolla, NC

This home is located at 463 Pipsis Point Rd, Corolla, NC 27927 since 15 March 2018 and is currently estimated at $3,279,905, approximately $652 per square foot. This property was built in 1993. 463 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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