NOT LISTED FOR SALE

502 Brown Pelican Ct Corolla, NC 27927

Corolla Area

Estimated Value: $1,305,225 - $2,277,000

5 Beds
5 Baths
4,543 Sq Ft
$366/Sq Ft Est. Value

Sale Details

Date Sold: September 30, 2016

Last sale price $1,009,000 $222 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $9,925 / mo

17 Days on Market

Highlights

  • Community Beach Access
  • Views of a Sound
  • Home fronts a sound
  • Knotts Island Elementary School Rated 9+
  • Golf Course Community
  • Home Theater

About This Home

As of September 2016

Set in the center of an awe-inspiring landscape, this luxurious retreat enjoys unobstructed 180-degree views across the Currituck Sound. Space and light define this property. Inside, the home extends over two levels and includes more than 4500 feet of living space comprised of a living area with its 2-story wall of windows, movie/ rec room, dining room, kitchen, breakfast nook, five bedrooms and a 2 car garage. Outside, the landscaped grounds span almost a half an acre surrounded by peaceful waters. The waterfront entertaining area boasts a beautiful pool and hot tub surrounded by an expansive terrace- the perfect place for basking in the sunlight or relaxing by the custom gas fire pit. For the gourmet, the terrace also hosts one of the Outer Banks' finest outdoor kitchens complete with a wood-fired pizza oven, over-sized grill, gas burners, gas oven and refrigerator. Other upgrades include: a whole-house automation system, 3 walk in custom showers, 2 hot water heaters, large attic, custom cabinets throughout home, cork floors in the game room, new washer and dryer, gas fireplace, and covered porches. Adding to the home's appeal, The Currituck Club community is the northern Outer Banks' only gate-attended community with amenities such as a trolley, fitness center, 5 pools, lighted sidewalks, and tennis & basketball courts. The beautiful beaches of Corolla are just a short bike ride away, while incredible sunsets on the terrace bathe this rare estate in a fairy-tale glow.

Last Agent to Sell the Property

Sarah Spencer

Keller Williams Outer Banks KDH License #185795 Listed on: 07/28/2016

Keller Williams Outer Banks KDH

Last Buyer's Agent

Matt Myatt

Keller Williams Outer Banks KDH License #218707

Keller Williams Outer Banks KDH

Range of Values:

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Value Increase
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Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,872

Year Built

  • Built in 1998

Lot Details

  • 26,000 Sq Ft Lot
  • Home fronts a sound
  • Property fronts a private road
  • Cul-De-Sac
  • Landscaped
  • Wooded Lot

HOA Fees

  • $289 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 4,543 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Home Theater
  • Views of a Sound
  • Dryer

Kitchen

  • Built-In Oven
  • Microwave
  • Second Refrigerator
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Parking

  • Garage
  • Carport
  • Garage Door Opener

Pool

  • Concrete Pool
  • In Ground Pool
  • Spa

Outdoor Features

  • Covered Deck
  • Patio
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tax Lot #4

Community Details

Overview

  • Association fees include common electric, common insurance, management, pool, road maintenance, security, tennis courts
  • Tcc Currituck Club Subdivision

Recreation

  • Community Beach Access
  • Golf Course Community
  • Tennis Courts
  • Community Playground
  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,872

Year Built

Built in 1998

Lot Details

0.6 Acres

HOA Fees

$289 per month

Listing Details

  • Class: RESIDENTIAL
  • Directions: Turn into the main entrance of the TCC. After the gate, take a left onto Hunt Club Drive. Right onto Brown Pelican. Left onto Brown Pelican Court. House is at the end of the cul-de-sac/ rainbow.
  • Extras: Ceiling Fan(s), Covered Decks, Elevator, Garage Door Opener, Hot Tub, Landscaped, Outside Lighting, Patio, Dry Entry
  • Flood Zone: AE
  • Subdivision Name: The Currituck Club
  • Headline: Peaceful luxurious soundfront
  • Heated Sq Ft: 4543
  • L V T Date: 07/29/2016
  • Primary Residence: Yes
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Soundfront
  • Zoning: Res
  • Deed Book Pg Number: 0775
  • Major Subdivision: The Currituck Club
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator, Wall Oven, 2nd Refrigerator
  • Bedrooms: 5
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Wood
  • Foundation: Piling, Slab
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Wet Bar, Wood Fireplace
  • Optional Rooms: Office, Home Theater

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
  • View: Sound

Garage/Parking

  • Garage: 2 Car

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Management, Pool, Road Maintenance, Security, Tennis Courts
  • Association Amenities: Clubhouse, Gated Community, Golf Course, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground
  • Association Fee: Yes
  • Estimated Annual Fee: 3463

Lot Info

  • Estimated Lot Sq Ft: 26000
  • Lot Description: Bulkheaded, Cul-de-sac, Water Frontage, Wooded
  • Lot Faces: E
  • Lot Number: Lot#4
  • Deed Book: 1090

Rental Info

  • Est Annual Rental Income: 88275
  • Other Expenses: 1000
  • Poolspa Expense: 2000
  • Yearly Expense Actual Estimate: Actual
  • Annual Electric: 6000
  • Annual Water Expense: 1200

Building Info

  • Year Built: 1998

Tax Info

  • Year: 2015
  • Taxes: 3872

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2016
Closed on
Sep 30, 2016
Sold by
Wassmer Bernice and Wassmer Jeffrey D
Bought by
Seller's Agent
Sarah Spencer
Keller Williams Outer Banks KDH
Buyer's Agent
Matt Myatt
Keller Williams Outer Banks KDH
List Price
$1,099,000
Sold Price
$1,009,000
Premium/Discount to List
-$90,000
-8.19%
Current Estimated Value
$1,664,056

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$655,056
Avg. Annual Appreciation
5.17%
Original Mortgage
$756,750
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 2009
Sold by
Wassmer Jeffrey D and Wassmer Bernice
Bought by
Wassmer Bernice and Wassmer Jeffrey D

Purchase Details

Closed on
Feb 29, 2008
Sold by
Larson Mark A and Larson Linda W
Bought by
Wassmer Jeffrey D and Wassmer Bernice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Corolla, NC

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,009,000 Attorney
Wassmer Bernice -- None Available
Wassmer Jeffrey D $1,800,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $700,000
Closed Timmons David L $756,750
Previous Owner Wassmer Jeffrey D $1,350,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/30/2016 09/30/16 Sold $1,009,000 -8.2% $222 / Sq Ft
08/14/2016 08/14/16 Pending -- -- --
07/28/2016 07/28/16 For Sale $1,099,000 -- $242 / Sq Ft
Source: Outer Banks Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,990 $758,800 $200,000 $558,800
2024 $5,990 $758,800 $200,000 $558,800
2023 $5,974 $758,800 $200,000 $558,800
2022 $4,448 $758,800 $200,000 $558,800
2021 $4,433 $791,000 $350,000 $441,000
2020 $4,579 $791,000 $350,000 $441,000
2019 $4,579 $791,000 $350,000 $441,000
2018 $4,579 $791,000 $350,000 $441,000
2017 $4,163 $791,000 $350,000 $441,000
2016 $4,047 $791,000 $350,000 $441,000
2015 -- $754,600 $350,000 $404,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 93256

Outer Banks Association of REALTORS®

APN: 117A-000-0004-0000

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