467 Pipsis Point Rd Corolla, NC 27927
Corolla NeighborhoodEstimated Value: $2,245,000 - $2,774,000
6
Beds
6
Baths
3,400
Sq Ft
$720/Sq Ft
Est. Value
Highlights
- Beach Front
- Ocean View
- Contemporary Architecture
- Community Beach Access
- Concrete Pool
- Cathedral Ceiling
About This Home
As of May 201811% PROVEN ROI! BIG RENTAL MONEY AT CLOSING WITH A SPRING 2018 PURCHASE! PINE ISLAND OCEANFRONT with excellent rental history! Completely furnished, elegantly appointed and walk-in ready with $156,831 in 2016 gross income! NOW BACK TO PET-RENTAL FOR 2018--25 WEEKS BOOKED FOR 2018 with excellent NEW price! Seller is seriously Ready. Willing. Able. Now priced $196,000 below next PI Oceanfront competitor! See February 2017 Appraisal value over $1,500,000! ALL NEW CARPET & WOOD FLOORING and NEW DECK RAILINGS, also NEW mid-level TV/sitting area furnishings! This 6-bedroom stunner with AMAZING OCEAN VIEWS generates consistently great income and guests love Pine Island's community AMENITIES. A vacation guest-pleaser and listed more than $300,000 BELOW County tax assessment. Inviting beautiful TILE foyer/entrance and covered front rocking porch. Ample oceanside covered porches. Huge, private solid-surface POOL with stamped concrete surround. Multiple KING MASTERS. All baths have double vanities, WCs and CUSTOM PAINT finishes. Mid-level sitting area with NEW furnishings and electronics for added comfort. This is a must-see property! NEWER living area window treatments and ice maker at wet bar.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,600
Year Built
- Built in 1994
Lot Details
- 0.66 Acre Lot
- Lot Dimensions are 90 x 320
- Beach Front
- 90 Feet of Waterfront
- Property fronts a private road
- Cul-De-Sac
- Fenced Yard
HOA Fees
- $208 Monthly HOA Fees
Property Views
- Ocean
- Park or Greenbelt
Home Design
- Contemporary Architecture
- Slab Foundation
- Frame Construction
- Asphalt Shingled Roof
- Wood Siding
- Shake Siding
- Piling Construction
Interior Spaces
- 3,400 Sq Ft Home
- Wet Bar
- Furnished
- Cathedral Ceiling
- Gas Fireplace
- Window Treatments
Kitchen
- Oven or Range
- Ice Maker
- Dishwasher
- Granite Countertops
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- En-Suite Primary Bedroom
- Whirlpool Bathtub
Laundry
- Dryer
- Washer
Parking
- Paved Parking
- Off-Street Parking
Pool
- Concrete Pool
- In Ground Pool
- Outdoor Pool
- Spa
Outdoor Features
- Sun Deck
- Covered Deck
Utilities
- Central Air
- Heat Pump System
- Municipal Utilities District Water
- Community Sewer or Septic
Listing and Financial Details
- Tax Lot 20
Community Details
Overview
- Pine Island Pud Subdivision
Recreation
- Community Boardwalk
- Community Beach Access
- Tennis Courts
- Community Playground
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 21, 2015
Closed on
May 24, 2018
Sold by
Alpha Omega Business Group Llc
Bought by
467 Pipsis Llc
Seller's Agent
Terry Cremia
Shore Realty
Buyer's Agent
Sarah Spencer
Keller Williams - Outer Banks
List Price
$1,450,000
Sold Price
$1,325,000
Premium/Discount to List
-$125,000
-8.62%
Total Days on Market
901
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,122,258
Avg. Annual Appreciation
9.17%
Original Mortgage
$993,750
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Listed on
Jul 23, 2012
Closed on
Aug 20, 2013
Sold by
Engberg David D and Engberg Susan G
Bought by
Alpah Omega Business Group Llc
Seller's Agent
Debra Price
Debbie Price, Broker
Buyer's Agent
Greg Cremia
Shore Realty
List Price
$1,925,000
Sold Price
$1,350,000
Premium/Discount to List
-$575,000
-29.87%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.39%
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Similar Homes in Corolla, NC
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 467 Pipsis Llc | $1,325,000 | None Available | |
| Alpah Omega Business Group Llc | $1,350,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 467 Pipsis Llc | $940,000 | |
| Closed | 467 Pipsis Llc | $993,750 | |
| Previous Owner | Alpha Omega Business Group Llc | $1,400,000 | |
| Previous Owner | Engberg David | $1,400,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/25/2018 05/25/18 | Sold | $1,325,000 | -1.9% | $390 / Sq Ft |
| 04/09/2018 04/09/18 | Pending | -- | -- | -- |
| 03/27/2018 03/27/18 | Price Changed | $1,350,000 | -1.8% | $397 / Sq Ft |
| 03/17/2018 03/17/18 | Price Changed | $1,375,000 | -1.7% | $404 / Sq Ft |
| 01/08/2018 01/08/18 | Price Changed | $1,399,000 | -3.5% | $411 / Sq Ft |
| 09/15/2017 09/15/17 | For Sale | $1,450,000 | 0.0% | $426 / Sq Ft |
| 08/24/2017 08/24/17 | Pending | -- | -- | -- |
| 08/14/2017 08/14/17 | For Sale | $1,450,000 | -9.4% | $426 / Sq Ft |
| 07/08/2017 07/08/17 | Pending | -- | -- | -- |
| 10/21/2015 10/21/15 | For Sale | $1,600,000 | +18.5% | $471 / Sq Ft |
| 08/26/2013 08/26/13 | Sold | $1,350,000 | -29.9% | $397 / Sq Ft |
| 08/05/2013 08/05/13 | Pending | -- | -- | -- |
| 07/23/2012 07/23/12 | For Sale | $1,925,000 | -- | $566 / Sq Ft |
Source: Outer Banks Association of REALTORS®
Tax History Compared to Growth
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 | $11,769 | $1,589,400 | $1,518,000 | $71,400 |
| 2023 | $11,769 | $1,589,400 | $1,518,000 | $71,400 |
| 2022 | $8,670 | $1,589,400 | $1,518,000 | $71,400 |
| 2021 | $8,655 | $1,433,900 | $1,315,900 | $118,000 |
| 2020 | $7,991 | $1,433,900 | $1,315,900 | $118,000 |
| 2019 | $7,991 | $1,758,600 | $1,315,900 | $442,700 |
| 2018 | $9,712 | $1,758,600 | $1,315,900 | $442,700 |
| 2017 | $8,801 | $1,758,600 | $1,315,900 | $442,700 |
| 2016 | $8,767 | $1,758,600 | $1,315,900 | $442,700 |
| 2015 | $8,767 | $1,758,600 | $1,315,900 | $442,700 |
Source: Public Records
Agents Affiliated with this Home
-
Terry Cremia
Seller's Agent in 2018
Terry Cremia
Shore Realty
(252) 207-3111
15 in this area
105 Total Sales
-
Greg Cremia
Seller Co-Listing Agent in 2018
Greg Cremia
Shore Realty
(252) 202-7712
8 in this area
49 Total Sales
-
Sarah Spencer
Buyer's Agent in 2018
Sarah Spencer
Keller Williams - Outer Banks
(252) 202-3357
123 in this area
348 Total Sales
-
Seller's Agent in 2013
Debra Price
Debbie Price, Broker
(252) 207-1087
-
M
Seller Co-Listing Agent in 2013
Matt Price
Default, Office
Map
Source: Outer Banks Association of REALTORS®
MLS Number: 89972
APN: 127C-000-0020-0000
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