NOT LISTED FOR SALE

563 Porpoise Point Corolla, NC 27927

Estimated Value: $1,225,000 - $1,457,164

6 Beds
4 Baths
2,625 Sq Ft
$516/Sq Ft Est. Value

Last Sold December 17, 2020

Last sale price $765,000 $291 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $8,086/month

311 Days on Market

Highlights

  • Community Beach Access
  • Fiberglass Pool
  • Wood Flooring
  • Ocean Front
  • Coastal Architecture
  • Loft

About This Home

As of December 2020

Enjoying a private beachfront setting on one of the wide beaches of Corolla, behind one of the most stable dune lines on the Outer Banks, this wonderful beach cottage is an impressive investment opportunity. This home has been recently given a makeover with fresh coastal décor. The outstanding features of the residence include: six large bedrooms, an open plan great room with vaulted ceilings, hardwood floors, a well-equipped custom kitchen with stainless steel appliances, large sun deck, hot tub and a top floor ships watch with built in benches and stunning views.

Last Agent to Sell the Property

Sarah Spencer

Keller Williams - Outer Banks License #185795 Listed on: 11/26/2019

Keller Williams - Outer Banks

Last Buyer's Agent

Chandler Spawr

Coastal Property Partners License #190456

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,691

Year Built

  • Built in 1989

Lot Details

  • 6,000 Sq Ft Lot
  • Lot Dimensions are 100 x 60
  • Ocean Front
  • Property fronts a private road

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Cottage
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 2,625 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Loft
  • Game Room
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Corian Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • Fiberglass Pool
  • Outdoor Pool

Outdoor Features

  • Sun Deck
  • Covered Deck

Utilities

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

Listing and Financial Details

  • Tax Lot 237

Community Details

Overview

  • Association fees include road maintenance, tennis courts, walkways
  • Signature Touch Association, Phone Number (252) 441-8857
  • Ocean Sands Subdivision

Recreation

  • Community Beach Access
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,691

Year Built

Built in 1989

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal, Cottage
  • Directions: Turn East onto Marlin Way. Turn left onto Porpoise. House on left a few homes after the tennis courts.
  • Extras: Ceiling Fan(s), Covered Decks, Sun Deck
  • Flood Zone: VE
  • Heated Sq Ft: 2625
  • L V T Date: 11/26/2019
  • Primary Residence: Yes
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Section: D
  • Waterfront Location: Oceanfront
  • Zoning: res
  • Advertised Income 2020: 62781
  • Advertised Income 2021: 32404
  • Deed Book Pg Number: 440
  • Destination Commerce Corp: Yes
  • Major Subdivision: Ocean Sands
  • Office License Number: C30917
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 6
  • Countertops: Corian
  • Floor Coverings: Carpet, Ceramic Tile, Wood
  • Foundation: Piling, Slab
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Optional Rooms: Game Room, Loft

Exterior Features

  • Construction: Frame
  • Exterior: Lap Siding, Vinyl
  • Pool: Yes
  • Pool: Private
  • Pool Type: Fiberglass, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Road Maintenance, Tennis Courts, Walkways
  • Association Amenities: Ocean Access, Outdoor-Comm. Tennis
  • Association Fee: Yes
  • Estimated Annual Fee: 600
  • Hoa Contact: Signature Touch
  • HOA Contact: 252-441-8857

Lot Info

  • Estimated Lot Sq Ft: 6000
  • Lot Faces: E
  • Lot Size: 100 x 60
  • Lot Number: Lot 237
  • Estimated Lot Size: 0.14
  • Deed Book: 1228

Rental Info

  • Est Annual Rental Income: 74794
  • Estimated Rental Performance: 0.0978
  • Flood Expenses: 2865
  • Lease Terms: Weekly
  • Other Expenses: 168
  • Other Expenses2: 240
  • Other Insurance Expenses: 343
  • Poolspa Expense: 1100
  • Rental Co: Brindley Beach Vacations
  • Rental Cottage Name: Four Sea Sons
  • Rental Cottage Number: OS2D
  • Rental Phone Number: 2524533000
  • Rental Turnover Day: SAT
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 420
  • Annual Electric: 1800
  • Annual Telephone Expense: 745
  • Annual Water Expense: 1500

Building Info

  • Year Built: 1989

Tax Info

  • Year: 2019
  • Taxes: 6691

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2019
Closed on
Nov 16, 2020
Sold by
563 Pp Llc
Bought by
Gray Mary K and Gray George J
Seller's Agent
Sarah Spencer
Keller Williams - Outer Banks
Buyer's Agent
Chandler Spawr
Coastal Property Partners
List Price
$795,000
Sold Price
$765,000
Premium/Discount to List
-$30,000
-3.77%
Current Estimated Value
$1,355,041

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$590,041
Avg. Annual Appreciation
12.59%
Original Mortgage
$76,500
Outstanding Balance
$68,071
Interest Rate
2.67%
Mortgage Type
New Conventional
Estimated Equity
$1,286,970

Purchase Details

Closed on
Jul 26, 2017
Sold by
Porpoise Point Llc
Bought by
563 Pp Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
3.91%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 16, 2012
Sold by
Yancey Richard H and Miller Yancey Deborah J
Bought by
Porpoise Point Llc
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 Buyer Sale Price Title Company
Gray Mary K $765,000 None Available
563 Pp Llc $800,000 Attorney
Porpoise Point Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gray Mary K $76,500
Closed Gray Mary K $76,500
Previous Owner 563 Pp Llc $720,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2020 12/17/20 Sold $765,000 -3.8% $291 / Sq Ft
10/02/2020 10/02/20 Pending -- -- --
06/01/2020 06/01/20 For Sale $795,000 +3.9% $303 / Sq Ft
06/01/2020 06/01/20 Off Market $765,000 -- --
11/26/2019 11/26/19 For Sale $795,000 -- $303 / 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 $10,223 $904,400 $770,000 $134,400
2023 $10,223 $901,600 $770,000 $131,600
2022 $7,343 $901,600 $770,000 $131,600
2021 $6,423 $926,100 $700,000 $226,100
2020 $6,683 $926,100 $700,000 $226,100
2019 $6,689 $916,100 $700,000 $216,100
2018 $6,712 $916,100 $700,000 $216,100
2017 $6,235 $916,100 $700,000 $216,100
2016 $5,597 $916,100 $700,000 $216,100
2015 -- $916,100 $700,000 $216,100
Source: Public Records

Agents Affiliated with this Home

  • Sarah Spencer

    Seller's Agent in 2020

    Sarah Spencer

    Keller Williams - Outer Banks

    (252) 202-3357

    109 in this area

    325 Total Sales

    Sarah Spencer
    Section Image
  • Chandler Spawr

    Buyer's Agent in 2020

    Chandler Spawr

    Coastal Property Partners

    (252) 202-9880

    14 in this area

    34 Total Sales

    Chandler Spawr
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 107460

Outer Banks Association of REALTORS®

APN: 126A-000-0237-000D

North Carolina Currituck County Corolla 27927

563 Porpoise Point, Corolla, NC

This home is located at 563 Porpoise Point, Corolla, NC 27927 since 26 November 2019 and is currently estimated at $1,355,041, approximately $516 per square foot. This property was built in 1989. 563 Porpoise Point is a home located in Currituck County with nearby schools including Knotts Island Elementary School, Currituck County Middle School, and Currituck County High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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