NOT LISTED FOR SALE

465 N Cove Rd Corolla, NC 27927

Estimated Value: $1,537,000 - $1,899,000

9 Beds
9.5 Baths
5,120 Sq Ft
$346/Sq Ft Est. Value

Last Sold July 13, 2020

Last sale price $989,000 $193 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $10,038/month

83 Days on Market

Highlights

  • Community Beach Access
  • In Ground Pool
  • Clubhouse
  • Health Club
  • Craftsman Architecture
  • Cathedral Ceiling

About This Home

As of July 2020

Beautifully expansive home is exceptionally well maintained in exclusive Pine Island in Corolla. With 375 feet to the community beach access walkway, the beach is only a short walk away. Complete with game room, elevator, pool and hot tub this property has truly been built for its highest and best use. The home has a strong rental history and has been recently converted to generate even more!!! Plenty of common space and living area in the home. This truly separates the "Compass Rose" from most homes. Majority of homes on the Outer Banks are all bedrooms and neglect to make room for everyone to spread out and relax. Well this home has plenty of room for the entire family to have their own space. Whether you look North, South, East or West the "Compass Rose" will always point you in the right direction.

Last Agent to Sell the Property

Tim Lancsek

Surfside Realty License #210399 Listed on: 03/06/2020

Surfside Realty

Last Buyer's Agent

Everette Jennings

OBXBROKER L.L.P License #280195

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,300

Year Built

  • Built in 1999

Lot Details

  • Landscaped
  • Level Lot

HOA Fees

  • $275 Monthly HOA Fees

Parking

  • Paved Parking

Home Design

  • Craftsman Architecture
  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 5,120 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Game Room
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms

Laundry

  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Outdoor Pool
  • Vinyl Pool
  • Outdoor Shower

Utilities

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

Additional Features

  • Handicap Accessible
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 40

Community Details

Overview

  • Association fees include building maintenance, cable, common electric, common insurance, flood insurance, grounds maintenance, management, pool, road maintenance, taxes, tennis courts, water, walkways
  • Pine Island Pud Subdivision

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Community Beach Access
  • Health Club
  • Tennis Courts
  • Indoor Tennis Courts
  • Community Playground
  • Community Indoor Pool
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,300

Year Built

Built in 1999

Lot Details

0.44 Acres

HOA Fees

$275 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Craftsman, Coastal
  • Extras: Ceiling Fan(s), Elevator, Handicap Friendly, Landscaped, Outside Lighting, Outside Shower, Smoke Detector(s)
  • Flood Zone: X
  • Heated Sq Ft: 5120
  • L V T Date: 03/06/2020
  • Roads: Paved
  • Sale/Rent: For Sale
  • Waterfront Location: 4 - lots from oceanfront (5th row)
  • Zoning: residentia
  • Advertised Income 2020: 105555
  • Deed Book Pg Number: 746
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C21933
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Freezer, Ice Machine, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 9
  • Countertops: Silestone, Solid Surface
  • Floor Coverings: Carpet, Tile, Wood Laminate
  • Foundation: Piling
  • Full Bathrooms: 9
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Washer Connection, Wet Bar
  • Optional Rooms: Foyer, Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Lap Siding, Cement Fiber Board
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Vinyl, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Parking: Paved

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Building Maintenance, Cable, Common Electric, Common Insurance, Flood Insurance, Grounds Maintenance, Management, Pool, Road Maintenance, Taxes, Tennis Courts, Water, Walkways
  • Association Amenities: Clubhouse, Health Club, Indoor-Comm. Pool, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Park, Playground, Common Area
  • Estimated Annual Fee: 3300

Lot Info

  • Lot Description: Level
  • Lot Faces: West
  • Lot Number: Lot 40
  • Deed Book: 1149

Rental Info

  • Est Annual Rental Income: 124110
  • Estimated Rental Performance: 0.1255
  • Lease Terms: Weekly
  • Rental Co: Twiddy and Company
  • Rental Contact Name: Resort Realty

Building Info

  • Year Built: 1999

Tax Info

  • Year: 2018
  • Taxes: 5300

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 29, 2021
Sold by
Mclenahan Patrick Thomas and Mclenahan Michael
Bought by
Mclenahan Patrick and Mclenahan Michael
Current Estimated Value
$1,770,492

Purchase Details

Listed on
Mar 6, 2020
Closed on
Jul 13, 2020
Sold by
Ammon Rodger D and Ammon Karen H
Bought by
Mclenahan Patrick Thomas and Mclenahan Michael
Seller's Agent
Tim Lancsek
Surfside Realty
Buyer's Agent
Everette Jennings
OBXBROKER L.L.P
List Price
$999,000
Sold Price
$989,000
Premium/Discount to List
-$10,000
-1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.82%
Original Mortgage
$510,400
Outstanding Balance
$450,566
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,319,926

Purchase Details

Closed on
Jan 14, 2011
Sold by
Long Patrick T and Long Kathleen M
Bought by
Ammon Roger D and Ammon Karen H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$633,750
Interest Rate
4.48%
Mortgage Type
New Conventional
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
Mclenahan Patrick -- None Available
Mclenahan Patrick Thomas $989,000 None Available
Ammon Roger D $845,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mclenahan Patrick Thomas $510,400
Previous Owner Ammon Roger D $633,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/13/2020 07/13/20 Sold $989,000 -1.0% $193 / Sq Ft
05/28/2020 05/28/20 Pending -- -- --
03/06/2020 03/06/20 For Sale $999,000 -- $195 / Sq Ft
Source: Outer Banks Association of REALTORS®

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 $7,810 $1,012,200 $385,000 $627,200
2024 $7,810 $1,012,200 $385,000 $627,200
2023 $7,772 $1,012,200 $385,000 $627,200
2022 $5,758 $1,012,200 $385,000 $627,200
2021 $5,743 $923,600 $350,000 $573,600
2020 $5,317 $923,600 $350,000 $573,600
2019 $5,285 $917,900 $350,000 $567,900
2018 $5,285 $917,900 $350,000 $567,900
2017 $4,806 $917,900 $350,000 $567,900
2016 $4,806 $917,900 $350,000 $567,900
2015 $4,792 $917,900 $350,000 $567,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 108633

Outer Banks Association of REALTORS®

APN: 127C-000-0040-0000

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