NOT LISTED FOR SALE

470 Pipsis Point Rd Corolla, NC 27927

Estimated Value: $1,526,000 - $1,894,000

5 Beds
4.5 Baths
3,310 Sq Ft
$505/Sq Ft Est. Value

Last Sold October 05, 2015

Last sale price $1,000,000 $302 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $9,580/month

165 Days on Market

Highlights

  • Community Beach Access
  • In Ground Pool
  • Cathedral Ceiling
  • Ocean Front
  • Second Refrigerator
  • Wood Flooring

About This Home

As of October 2015

Elegant yet comfortable describes this pristine semi-oceanfront in exclusive Pine Island. The owners have seen to every detail in making this beautiful vacation home the perfect getaway at the beach. The immaculate interior has 2 King master bedrooms with private east facing decks, 3 additional bedrooms and a total of 4 1/2 bathrooms, two of which have custom tile showers. The open great room features hardwood floors, a gas fireplace and awesome views for those large gatherings. The gourmet kitchen would please any cook, while the ships' watch, the mid-level TV room and the gameroom all offer additional living areas giving guests room to spread out. There is even an office nook for those who can't quite leave work at home. The oversized lot located on a quite cul-de-sac, far from Rt. 12 traffic, allows for plenty of privacy and additional amenities. Take a dip in the large, gunite pool or relax in the hot tub before pre-dinner cocktails at the spacious Tiki Bar. Enjoy a game of volleyball on the sand court or just relax on the screened porch. The community tennis and pool are just a short walk away at the other end of the street. Whatever your pleasure, you can find it at East Winds.

Last Agent to Sell the Property

Debra Price

Debbie Price, Broker License #108320 Listed on: 12/26/2014

Last Buyer's Agent

Martha Springer

Twiddy and Company - Corolla License #135162

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,743

Year Built

  • Built in 1993

Lot Details

  • Ocean Front
  • Property fronts a private road
  • Cul-De-Sac
  • Landscaped
  • Sprinkler System

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

  • 3,310 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Game Room
  • Screened Porch
  • Utility Room
  • Ocean Views

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Intercom
  • Fire and Smoke Detector

Parking

  • Garage
  • Carport

Pool

  • In Ground Pool
  • Gunite Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Tiki or Chickee Hut

Utilities

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

Listing and Financial Details

  • Tax Lot 14

Community Details

Overview

  • Association fees include management, pool, road maintenance, security, tennis courts, walkways
  • Built by BD&A
  • 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

$4,743

Year Built

Built in 1993

Lot Details

0

HOA Fees

$208 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: Turn E on Black Pine from HWY 12. Turn L on North Cove. Turn L on Pipsi Pt. Rd. 470 is 3rd on L.
  • Extras: Beach Access, Ceiling Fan(s), Hot Tub, Intercom, Landscaped, Lawn Sprinklers, Outside Shower, Screened Porch, Security System, Smoke Detector(s), Sun Deck, Tiki Bar
  • Flood Zone: VE, X
  • Headline: Extraordinary condition!
  • Heated Sq Ft: 3310
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: Res
  • Deed Book Pg Number: 178
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Refrigerator
  • Bedrooms: 5
  • Bedroom 1: King Mstr, On Level: 2
  • Bedroom 2: King Mstr, On Level: 1
  • Bedroom 3: Queen, On Level: 1
  • Bedroom 4: Duo Bunk, On Level: 1
  • Bedroom 5: Bunks, On Level: Ground
  • Kitchen: Gourmet, On Level: 2
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Vinyl, Hardwood
  • Foundation: Piling, Slab
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ensuite, Pantry, Some Windows Treated, Washer Connection
  • Dining Room: Combo, On Level: 2
  • Family Room: TV room, On Level: 1
  • Game Room: Ample, On Level: Ground
  • Living Room: Greatroom, On Level: 2
  • Optional Rooms: Foyer, Game Room, Pantry, Utility Room, Shipswatch
  • Partial Bathrooms: 1
  • Optional Room 1: Ships Wtch, On Level: 3

Exterior Features

  • Homebuilder: BD&A
  • Construction: Frame, Wood
  • Covered Deck Size: Yes
  • Exterior: Shakes, Wood
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Gunite, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • Screen Porch Size: Yes
  • Sun Deck Size: Ample
  • View: Ocean

Garage/Parking

  • Garage: 1 Car, Carport
  • Parking: Paved

Utilities

  • Cooling: Heat Pump, Zoned
  • Heating: Heat Pump, Zoned
  • Oilgas Severed Pre Owner: No Representation
  • Sewer/Septic System: Community Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: 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: 2495
  • Home Owner Dwelling Insurance: 4444

Lot Info

  • Lot Description: Cul-de-sac
  • Lot Faces: E
  • Lot Size: 0.488 acres
  • Lot Number: Lot 14
  • Deed Book: 1203

Rental Info

  • Est Annual Rental Income: 74770
  • Estimated Rental Performance: 0.0748
  • Flood Expenses: 460
  • Lease Terms: Weekly
  • Maintenance Expenses: 1345
  • Other Expenses: 1350
  • Other Expenses2: 442
  • Poolspa Expense: 3000
  • Rental Co: Carolina Designs
  • Rental Cottage Name: East Winds
  • Rental Cottage Number: 233
  • Rental Phone Number: 252-261-3934
  • Rental Turnover Day: Sunday
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 2078
  • Annual Electric: 4188
  • Annual Telephone Expense: 420
  • Annual Water Expense: 1200

Building Info

  • Year Built: 1993

Tax Info

  • Year: 2014
  • Taxes: 4743

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 26, 2014
Closed on
Oct 2, 2015
Sold by
East Winds Obx Llc
Bought by
Obx Re Ducks Llc
Seller's Agent
Debra Price
Debbie Price, Broker
Buyer's Agent
Martha Springer
Twiddy and Company - Corolla
List Price
$1,075,000
Sold Price
$1,000,000
Premium/Discount to List
-$75,000
-6.98%
Current Estimated Value
$1,671,316

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$671,316
Avg. Annual Appreciation
5.14%

Purchase Details

Closed on
May 18, 2012
Sold by
Kerrigan Mark L and Van Gelder Susan I
Bought by
East Winds Obx Llc

Purchase Details

Closed on
Oct 4, 2011
Sold by
East Winds Obx Llc
Bought by
Kerrigan Mark L and Van Gelder Susan I

Purchase Details

Closed on
Mar 3, 2008
Sold by
Kerrigan Mark L and Van Gelder Susan I
Bought by
East Winds Obx Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Obx Re Ducks Llc $1,000,000 Attorney
East Winds Obx Llc -- None Available
Kerrigan Mark L -- None Available
East Winds Obx Llc -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2015 10/05/15 Sold $1,000,000 -7.0% $302 / Sq Ft
06/09/2015 06/09/15 Pending -- -- --
12/26/2014 12/26/14 For Sale $1,075,000 -- $325 / 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
2025 $7,381 $961,700 $530,000 $431,700
2024 $7,381 $961,700 $530,000 $431,700
2023 $7,365 $961,700 $530,000 $431,700
2022 $5,462 $961,700 $530,000 $431,700
2021 $5,447 $915,200 $500,000 $415,200
2020 $5,242 $915,200 $500,000 $415,200
2019 $5,231 $915,200 $500,000 $415,200
2018 $5,231 $915,200 $500,000 $415,200
2017 $4,753 $915,200 $500,000 $415,200
2016 $4,753 $915,200 $500,000 $415,200
2015 -- $915,200 $500,000 $415,200
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 86170

Outer Banks Association of REALTORS®

APN: 127C-000-0014-0000