NOT LISTED FOR SALE

464 Pipsis Point Rd Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $1,450,000 - $1,663,000

5 Beds
4.5 Baths
2,852 Sq Ft
$540/Sq Ft Est. Value

Last Sold November 16, 2020

Last sale price $897,000 $315 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $9,011/month

20 Days on Market

Highlights

  • Community Beach Access
  • Concrete Pool
  • Cathedral Ceiling
  • Ocean Front
  • Coastal Architecture
  • Wood Flooring

About This Home

As of November 2020

You do not want to miss this updated semi-oceanfront home in a corner lot in exclusive Pine Island and located in the preferred "X" Flood Zone!! This spacious 5 bedroom, 4 full and 1 half bath hone offers a renovated kitchen with great cabinetry, beautiful appliances (including a wine cooler) and granite countertops. The upper level offers windows galore, cathedral ceilings, a gas fireplace, gorgeous hardwood floors and a wraparound sun deck. The upper and lower level master bedrooms extend from the front to the back of the house and feature private balconies as well as bathrooms with jetted tubs, separate showers and double sinks! The middle level features a grand entrance withe the mid-level master suite to the right and two additional spacious bedrooms to the left - both with access to the shared covered wraparound deck with hot tub! This home truly has it all...enjoy fun and sun at your private pool or enjoy a day at the beautiful beach just steps away. For even more outdoor options enjoy the community pool, tennis courts, basketball courts and playground located just a stroll away. No wonder this property is such a solid rental performer!! Don't let this one get away...your choice is clear...come and visit "The Coast is Clear" today!!

Last Agent to Sell the Property

Trisha Midgett

Midgett Realty - Rodanthe License #162204 Listed on: 08/25/2020

Last Buyer's Agent

Jeff Scott

Scott Team Realty License #133929

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,835

Year Built

  • Built in 1994

Lot Details

  • 0.47 Acre Lot
  • Ocean Front
  • Property fronts a private road
  • Cul-De-Sac
  • Landscaped
  • Corner Lot
  • Level Lot

HOA Fees

  • $245 Monthly HOA Fees

Parking

  • Paved Parking

Property Views

  • Ocean
  • Park or Greenbelt

Home Design

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

Interior Spaces

  • 2,852 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting
  • Storage Shed

Utilities

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

Listing and Financial Details

  • Tax Lot 35

Community Details

Overview

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

Amenities

  • Common Area

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,835

Year Built

Built in 1994

Lot Details

0

HOA Fees

$245 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Directions: East on Black Pine, Left on N Cove, Right on Pipsis Point. Home on corner
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Hot Tub, Jet Tub, Landscaped, Outside Lighting, Outside Shower, Smoke Detector(s), Storage Shed, Sun Deck
  • Flood Zone: X
  • Headline: PINE ISLAND STUNNER!!
  • Heated Sq Ft: 2852
  • L V T Date: 08/25/2020
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Tract: 127C
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: Res
  • Advertised Income 2020: 84800
  • Deed Book Pg Number: 693
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C0569
  • 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 w/Ice Maker, Washer, Wine Cooler
  • Bedrooms: 5
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Gas Connection, Gas Fireplace, Ensuite, Some Windows Treated
  • Optional Rooms: Foyer
  • Partial Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: Carport
  • Parking: Paved

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Grounds Maintenance, Management, 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: 2940
  • Hoa Contact: Seaside Management
  • HOA Contact: seaside-managagement.com

Lot Info

  • Estimated Lot Sq Ft: 20473
  • Lot Description: Corner, Cul-de-sac, Level
  • Lot Number: Lot 35
  • Estimated Lot Size: 0.47
  • Deed Book: 1419

Rental Info

  • Est Annual Rental Income: 84800
  • Estimated Rental Performance: 0.0945
  • Lease Terms: Weekly
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: The Coast is Clear
  • Rental Cottage Number: E035
  • Rental Phone Number: 252-457-1110
  • Rental Turnover Day: Sunday
  • Rental Contact Email: jkavanaugh@twiddy.com
  • Rental Contact Name: Jen Kavanaugh

Building Info

  • Year Built: 1994

Tax Info

  • Year: 2020
  • Taxes: 4835.42

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2020
Closed on
Nov 1, 2020
Sold by
White Paula K
Bought by
Allewalt Patrick C and Allewalt Mary E
Seller's Agent
Trisha Midgett
Midgett Realty - Rodanthe
Buyer's Agent
Jeff Scott
Scott Team Realty
List Price
$899,000
Sold Price
$897,000
Premium/Discount to List
-$2,000
-0.22%
Current Estimated Value
$1,540,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$643,466
Avg. Annual Appreciation
12.67%
Original Mortgage
$717,600
Outstanding Balance
$640,017
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$965,343

Purchase Details

Closed on
May 14, 2020
Sold by
Plumb Mark S
Bought by
White Paula K

Purchase Details

Listed on
Jan 4, 2016
Closed on
Sep 18, 2017
Sold by
Eanes Jeffery D and Eanes Marcy L
Bought by
Plumb Mark S and White Paula K
Seller's Agent
Catherine Strachan
Brindley Beach Vacations & Sales-Duck
Buyer's Agent
Trisha Midgett
Midgett Realty - Rodanthe
List Price
$997,000
Sold Price
$892,000
Premium/Discount to List
-$105,000
-10.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.58%
Original Mortgage
$713,600
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 14, 2012
Sold by
Mcmenamy Teresa and Murray Richard
Bought by
Eanes Jeffery D and Eanes Marcy L

Purchase Details

Closed on
Oct 9, 2009
Sold by
Cullen John P
Bought by
Benchmark Planning Group Llc
Source: Public Records

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
Allewalt Patrick C $897,000 None Available
White Paula K -- None Available
Plumb Mark S $892,000 Attorney
Eanes Jeffery D $700,000 None Available
Benchmark Planning Group Llc $200,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Allewalt Patrick C $717,600
Previous Owner Plumb Mark S $713,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/16/2020 11/16/20 Sold $897,000 -0.2% $315 / Sq Ft
09/14/2020 09/14/20 Pending -- -- --
08/25/2020 08/25/20 For Sale $899,000 +0.8% $315 / Sq Ft
09/20/2017 09/20/17 Sold $892,000 -3.6% $270 / Sq Ft
07/20/2017 07/20/17 Pending -- -- --
06/23/2017 06/23/17 Price Changed $925,000 -7.2% $280 / Sq Ft
01/04/2016 01/04/16 For Sale $997,000 -- $302 / 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 $7,183 $939,000 $530,000 $409,000
2023 $7,183 $895,900 $530,000 $365,900
2022 $5,098 $895,900 $530,000 $365,900
2021 $4,990 $861,400 $500,000 $361,400
2020 $4,835 $861,400 $500,000 $361,400
2019 $4,835 $861,400 $500,000 $361,400
2018 $4,835 $861,400 $500,000 $361,400
2017 $4,385 $861,400 $500,000 $361,400
2016 $4,385 $861,400 $500,000 $361,400
2015 -- $861,400 $500,000 $361,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 110698

Outer Banks Association of REALTORS®

APN: 127C-000-0035-0000