NOT LISTED FOR SALE

725 Ridge Point Dr Corolla, NC 27927

Estimated Value: $724,000 - $902,000

5 Beds
4.5 Baths
2,649 Sq Ft
$298/Sq Ft Est. Value

Last Sold March 04, 2019

Last sale price $396,250 $150 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $5,050/month

138 Days on Market

Highlights

  • Community Beach Access
  • Golf Course Community
  • Gated Community
  • Ocean View
  • Outdoor Pool
  • Clubhouse

About This Home

As of March 2019

If you're looking for a great Outer Banks property, complete with all the amenities you can imagine to make your time in the northern beaches memorable, you've come to the right place! This home is located in the Currituck Club which offers golfing, community pools, trolley's to the beach and more! 725 Ridge Point is a part of the Hammocks community with the pool right across the street! The home offers street and garage parking and an east side deck in the back yard. Just a few steps take you into the first level where you'll find the laundry, 3 bedrooms and a two full baths. Two of the bedrooms have access to covered decks. The second level offers a large open concept dining/living/kitchen/breakfast area with the kitchen at the heart of the space. Granite countertops and bar seating add to the functionality of this great entertaining space. You won't be able to move out of this comfortable living area because the ocean views from this high perch will constantly draw you to them. Whether inside or outside on the open deck, you'll be able to get a great 180 degree view of the coastline. There's also a large master bedroom with great closet space and a full bath with tiled shower and double vanities - your own personal space with access to the west side covered deck. On the top floor there's a great bedroom suit for some more amazing views! Come see if this home's the one for you!

Last Agent to Sell the Property

Sarah Brown

Keller Williams - Outer Banks License #265135 Listed on: 08/26/2018

Keller Williams - Outer Banks

Co-Listed By

Betty Neal

Keller Williams - Outer Banks License #60983

Last Buyer's Agent

Paul Sabadash

Sun Realty - Corolla License #119788

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,471

Year Built

  • Built in 2004

Lot Details

  • Property fronts a private road

HOA Fees

  • $550 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 2,649 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Ocean Views

Kitchen

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

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport

Outdoor Features

  • Outdoor Pool
  • Covered Deck

Utilities

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

Listing and Financial Details

  • Tax Lot 25

Community Details

Overview

  • Association fees include common electric, common insurance, grounds maintenance, management, pool, road maintenance, security, sewer/septic, tennis courts
  • Tcc The Hammocks Subdivision

Recreation

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

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,471

Year Built

Built in 2004

Lot Details

0

HOA Fees

$550 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Extras: Ceiling Fan(s), Covered Decks
  • Flood Zone: X
  • Headline: Panoramic Ocean Views!
  • Heated Sq Ft: 2649
  • L V T Date: 08/27/2018
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Zoning: R
  • Deed Book Pg Number: 35
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: The Currituck Club
  • Newpoint Media: Yes
  • Office License Number: C15442
  • 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 w/Ice Maker, Washer
  • Bedrooms: 5
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile
  • Foundation: Piling, Slab
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Some Windows Treated, Washer Connection
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Association
  • Pool Type: Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: 1 Car, Attached
  • Parking: Paved

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Heat Pump
  • 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, Sewer/Septic, Tennis Courts
  • Association Amenities: Clubhouse, Gated Community, Golf Course, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Park, Playground
  • Association Fee: Yes
  • Estimated Annual Fee: 6605

Lot Info

  • Lot Faces: W
  • Lot Number: Lot 25
  • Deed Book: 1265

Building Info

  • Year Built: 2004

Tax Info

  • Year: 2018
  • Taxes: 2470.56

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2018
Closed on
Jan 29, 2019
Sold by
Valoras Danielle
Bought by
Stone Timothy William
Seller's Agent
Sarah Brown
Keller Williams - Outer Banks
Buyer's Agent
Paul Sabadash
Sun Realty - Corolla
List Price
$435,000
Sold Price
$396,250
Premium/Discount to List
-$38,750
-8.91%
Current Estimated Value
$799,247

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$402,997
Avg. Annual Appreciation
10.58%
Original Mortgage
$317,000
Outstanding Balance
$276,422
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$512,498

Purchase Details

Listed on
Jul 18, 2012
Closed on
Aug 30, 2013
Sold by
Fike David J and Fike Kari B
Bought by
Valoras Danielle
Seller's Agent
Cory Taylor
Southern Shores Realty
Buyer's Agent
Sarah Brown
Keller Williams - Outer Banks
List Price
$499,000
Sold Price
$375,000
Premium/Discount to List
-$124,000
-24.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.01%
Original Mortgage
$300,000
Interest Rate
4.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2009
Sold by
Freeman Christian S and Freeman Linda M
Bought by
Fike David J and Fike Kari B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
5.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 18, 2005
Sold by
Landmark Building And Development Of Nor
Bought by
Freeman Christian S and Freeman Linda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Stone Timothy William $396,500 None Available
Valoras Danielle $375,000 None Available
Fike David J $525,000 None Available
Freeman Christian S $663,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stone Timothy William $317,000
Previous Owner Valoras Danielle $300,000
Previous Owner Fike David J $375,000
Previous Owner Freeman Christian S $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/04/2019 03/04/19 Sold $396,250 -5.7% $150 / Sq Ft
01/11/2019 01/11/19 Pending -- -- --
12/17/2018 12/17/18 Price Changed $420,000 -1.8% $159 / Sq Ft
10/13/2018 10/13/18 Price Changed $427,500 -1.7% $161 / Sq Ft
08/26/2018 08/26/18 For Sale $435,000 +16.0% $164 / Sq Ft
08/30/2013 08/30/13 Sold $375,000 -24.8% $156 / Sq Ft View Prior Sale
07/19/2013 07/19/13 Pending -- -- --
07/18/2012 07/18/12 For Sale $499,000 -- $208 / 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 $3,895 $486,800 $90,000 $396,800
2024 $3,895 $486,800 $90,000 $396,800
2023 $3,879 $486,800 $90,000 $396,800
2022 $2,919 $486,800 $90,000 $396,800
2021 $2,904 $426,400 $115,000 $311,400
2020 $2,530 $426,400 $115,000 $311,400
2019 $2,471 $415,200 $115,000 $300,200
2018 $2,471 $415,200 $115,000 $300,200
2017 $2,243 $415,200 $115,000 $300,200
2016 $2,243 $415,200 $115,000 $300,200
2015 $2,243 $406,300 $115,000 $291,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 101774

Outer Banks Association of REALTORS®

APN: 117B-000-0025-0000