$1,350,000
SOLD AUG 26, 2013

467 Pipsis Point Rd Corolla, NC 27927

Corolla Neighborhood
6 Beds
6 Baths
3,400 Sq Ft
0.66 Acres

Recently Sold

$397 Per Sq Ft

30% Below List Price

378 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Second Refrigerator
  • Community Beach Access
  • Spa
  • Cathedral Ceiling

About This Home

As of May 2018

Unbelievable new price! What a cream puff! From the awsome ocean views to the luxurious decor to the custom pool, this property is a winner. With all of the improvements done over the past 9 years, the effective age of the property is closer to 9 years old, and shows even better than that! Improvements include new kitchen cabinets and appliances, new roof, new electronics, new heat pumps, and new security system, just to name a few. 2012 improvements include a new hot tub and new exterior paint. 2013 pool deck was repainted. Check out the CAD drawings in the photo section to see what screening in the carport might look like. An inexpensive way to add an outdoor game room. Put this one on your MUST SEE list.

Last Agent to Sell the Property

Debra Price

Debbie Price, Broker License #108320 Listed on: 07/23/2012

Co-Listed By

Matt Price

Default, Office License #275346

Last Buyer's Agent

Greg Cremia

Shore Realty License #127284

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,676

Year Built

  • Built in 1994

Lot Details

  • Beach Front
  • 90 Feet of Waterfront
  • Property fronts a private road
  • Cul-De-Sac
  • Landscaped

HOA Fees

  • $208 Monthly HOA Fees

Home Design

  • Reverse Style Home
  • 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
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Utility Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport

Pool

  • Spa
  • Gunite Pool

Outdoor Features

  • Sun Deck
  • Covered Deck

Utilities

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

Listing and Financial Details

  • Tax Lot 20

Community Details

Overview

  • Association fees include management, pool, road maintenance, security, tennis courts
  • Seaside Managment Association
  • Built by BD&A
  • Pine Island Pud Subdivision

Amenities

  • Common Area

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,676

Year Built

Built in 1994

Lot Details

0

HOA Fees

$208 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: Turn E on Black Pine at main PI entrance. Turn L on North Cove, then L on Pipsi Point Rd. House on L
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Hot Tub, Jet Tub, Landscaped, Smoke Detector(s), Sun Deck
  • Flood Zone: VE
  • Subdivision Name: Pine Island PUD
  • Heated Sq Ft: 3400
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 746
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Refrigerator
  • Bedrooms: 6
  • Bedroom 1: King Mstr, On Level: 2
  • Bedroom 2: King Mstr, On Level: 1
  • Bedroom 3: King, On Level: 2
  • Bedroom 4: Queen, On Level: 1
  • Bedroom 5: Twins, On Level: Ground
  • Bedroom 6: Bunks, On Level: Ground
  • Kitchen: gourmet, On Level: 2
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Wood
  • Foundation: Piling, Slab
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Some Windows Treated, Washer Connection, Wet Bar
  • Dining Room: combo, On Level: 2
  • Family Room: & office, On Level: 1
  • Living Room: spacious, On Level: 2
  • Optional Rooms: Office
  • Partial Bathrooms: 2

Exterior Features

  • Homebuilder: BD&A
  • Construction: Frame, Wood
  • Covered Deck Size: yes
  • Exterior: Shakes, Wood
  • Pool: Yes
  • Pool Type: Outdoor, Gunite
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 90
  • Sun Deck Size: ample
  • View: Ocean
  • Water Frontage: 90

Garage/Parking

  • Garage: 1 Car, Carport

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Management, Pool, Road Maintenance, Security, Tennis Courts
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 2495
  • Hoa Contact: Seaside Managment
  • HOA Contact: 261-1200
  • Home Owner Dwelling Insurance: 4638

Lot Info

  • Lot Description: Beach Frontage, Cul-de-sac
  • Lot Size: 90 x 316 +/-
  • Lot Number: Lot 20
  • Deed Book: 429

Rental Info

  • Est Annual Rental Income: 106092
  • Estimated Rental Performance: 0.0786
  • Flood Expenses: 3124
  • Lease Terms: Weekly
  • Other Expenses: 2000
  • Poolspa Expense: 2256
  • Rental Co: Vacasa - North
  • Rental Cottage Name: Moonlight Serenade
  • Rental Cottage Number: PI 20
  • Rental Phone Number: 453-9660
  • Rental Turnover Day: Sunday
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 632
  • Annual Electric: 2985
  • Annual Telephone Expense: 767
  • Annual Water Expense: 1373

Building Info

  • Year Built: 1994

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2011
  • Taxes: 8676

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%
Current Estimated Value
$2,534,923

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,209,923
Avg. Annual Appreciation
9.21%
Original Mortgage
$993,750
Outstanding Balance
$839,670
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,695,253

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%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $1,325,000 None Available
Deed $1,350,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $993,750 Adjustable Rate Mortgage/ARM
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

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 $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

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 75675

Outer Banks Association of REALTORS®

APN: 127C-000-0020-0000