NOT LISTED FOR SALE

468 Pipsis Point Rd Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $1,415,000 - $1,707,000

5 Beds
4.5 Baths
3,374 Sq Ft
$470/Sq Ft Est. Value

Last Sold November 25, 2020

Last sale price $1,000,000 $296 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $9,275/month

3 Days on Market

Highlights

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

About This Home

As of November 2020

Located in the highly coveted Pine Island community, this stunning semi-oceanfront home has tremendous ocean views, on-trend renovated kitchen and baths, and just across the street from the community beach access. The owner has kept the home well maintained and a solid income producer with $70,110 for 2020, and already $21,761 booked for the 2021 season. The new owner could improve numbers by allowing pets or opening up the entire calendar. The living is easy in this impressive 5 bedroom, 3 are master suites, and all have a private deck access. The top level features an open concept with a chef's kitchen, great room, screen porch, ship's watch and ensuite bedroom with private bath. The kitchen offers sparkling Quartz countertops, fresh white tile backsplash, eat-in bar with plenty of storage and ocean views. The great room boasts cathedral ceilings, gas fireplace, hardwood floors, custom built-in shelving, wrap around sun deck, screen porch, and enjoy some of the best views in the house from the cozy ship's watch. Also on this level is the spacious master suite with 2 private deck accesses (east and west decks), and an ensuite bath featuring custom tile shower, newer his and her vanity with updated lighting. The mid-level offers 4 bedrooms, 2 are master suites also with updated tile shower and vanities, plus private deck access. The other 2 bedrooms share a full hall bath, and again, have their own private deck access. There's always some place to escape in this sprawling beach home. The ground level has utility room and game room with sleeper sofa and pool table. This home has plenty of owner storage inside and out. Pine Island Community amenities include; a Beach Club, neighborhood pools, playgrounds, tennis courts, bike paths and walking trails. Upgrades include; installed Hardiplank siding in 2007, New roof 2012, 2015 replaced all mattresses, installed hardwood floors in top level and HVAC in 2016, Kitchen Remodel 2017, and in 2019 the complete exterior was painted, all full bathrooms were remodeled. Oct. 2020, 2nd HVAC unit replaced!

Last Agent to Sell the Property

Heather VanderMyde

Coldwell Banker Seaside Realty - KDH License #207518 Listed on: 10/21/2020

Coldwell Banker Seaside Realty - KDH

Last Buyer's Agent

Edith Rowe

Brindley Beach Vacations & Sales-Duck License #188824

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,593

Year Built

  • Built in 1995

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 91x172x97x210
  • Ocean Front
  • Property fronts a private road
  • Level Lot

HOA Fees

  • $249 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
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 3,374 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Game Room
  • Attic Fan
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Quartz Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck

Utilities

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

Listing and Financial Details

  • Tax Lot #13

Community Details

Overview

  • Association fees include common electric, common insurance, grounds maintenance, management, pool, road maintenance, security, tennis courts, walkways
  • Seaside Management Association, Phone Number (252) 261-1200
  • 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

$4,593

Year Built

Built in 1995

Lot Details

0

HOA Fees

$249 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Directions: East on Black Pine, Left on N Cove, left on Pipsi Point, and the house is 2nd home on the left. Just across from beach access.
  • Extras: Attic Fan, Beach Access, Ceiling Fan(s), Covered Decks, Hot Tub, Smoke Detector(s), Sun Deck
  • Flood Zone: X
  • Headline: Updated and Ocean Views!
  • Heated Sq Ft: 3374
  • L V T Date: 10/21/2020
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: Res
  • Advertised Income 2020: 70110
  • Advertised Income 2021: 21761
  • Deed Book Pg Number: 363
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C7166
  • 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, Washer
  • Bedrooms: 5
  • Countertops: Quartz
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Gas Connection, Gas Fireplace, Ensuite
  • Optional Rooms: Game Room, Shipswatch
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Concrete, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 91
  • View: Ocean, Park Serv/Preserve

Garage/Parking

  • Garage: Carport
  • Parking: Paved

Utilities

  • Cooling: Central, Zoned
  • Heating: Central, 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: 2992
  • Hoa Contact: Seaside Management
  • HOA Contact: 252.261.1200

Lot Info

  • Estimated Lot Sq Ft: 20000
  • Lot Description: Level
  • Lot Size: 91x172x97x210
  • Lot Number: Lot #13
  • Estimated Lot Size: 0.46
  • Deed Book: 489

Rental Info

  • Est Annual Rental Income: 90900
  • Estimated Rental Performance: 0.0909
  • Rental Co: Brindley Beach Vacations
  • Rental Cottage Name: Worth The Waite
  • Rental Cottage Number: PI13
  • Rental Phone Number: (252) 453-3000
  • Rental Turnover Day: Sun
  • Rental Contact Email: Emma@brindleybeach.com
  • Rental Contact Name: Emma Muir
  • Rental Contact Phone: 252-253-3123

Building Info

  • Year Built: 1995

Tax Info

  • Year: 2020
  • Taxes: 4593.4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2020
Closed on
Nov 25, 2020
Sold by
Waite Thomas M and Waite Jane G
Bought by
Marron Patrick J and Marron Suzanne E
Seller's Agent
Heather VanderMyde
Coldwell Banker Seaside Realty - KDH
Buyer's Agent
Edith Rowe
Brindley Beach Vacations & Sales-Duck
List Price
$995,000
Sold Price
$1,000,000
Premium/Discount to List
$5,000
0.5%
Current Estimated Value
$1,585,440

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$585,440
Avg. Annual Appreciation
10.87%
Original Mortgage
$510,400
Outstanding Balance
$456,251
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,193,589

Purchase Details

Listed on
Oct 21, 2020
Closed on
Nov 20, 2020
Sold by
Waite Thomas M and Waite Jane G
Bought by
Marron Patrick J and Marron Suzanne E
Seller's Agent
Heather VanderMyde
Coldwell Banker Seaside Realty - KDH
Buyer's Agent
Edith Rowe
Brindley Beach Vacations & Sales-Duck
List Price
$995,000
Sold Price
$1,000,000
Premium/Discount to List
$5,000
0.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,400
Outstanding Balance
$456,251
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,193,589

Purchase Details

Closed on
Apr 6, 2000
Bought by
Waite Thomas M and Waite Jane G
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
Marron Patrick J $1,000,000 None Available
Marron Patrick J $1,000,000 None Available
Waite Thomas M $645,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marron Patrick J $510,400
Closed Marron Patrick J $510,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2020 11/25/20 Sold $1,000,000 +0.5% $296 / Sq Ft
10/24/2020 10/24/20 Pending -- -- --
10/21/2020 10/21/20 For Sale $995,000 -- $295 / 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 $7,444 $974,500 $530,000 $444,500
2023 $7,444 $974,500 $530,000 $444,500
2022 $5,519 $974,500 $530,000 $444,500
2021 $5,504 $800,700 $500,000 $300,700
2020 $4,593 $800,700 $500,000 $300,700
2019 $4,593 $800,700 $500,000 $300,700
2018 $4,593 $800,700 $500,000 $300,700
2017 $4,166 $800,700 $500,000 $300,700
2016 $4,166 $800,700 $500,000 $300,700
2015 $4,166 $800,700 $500,000 $300,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 111561

Outer Banks Association of REALTORS®

APN: 127C-000-0013-0000