NOT LISTED FOR SALE

Estimated Value: $1,060,000 - $1,192,000

7 Beds
7.5 Baths
3,880 Sq Ft
$288/Sq Ft Est. Value

Last Sold November 30, 2022

Last sale price $875,000 $226 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $6,935/month

171 Days on Market

Highlights

  • Community Beach Access
  • Second Refrigerator
  • Cathedral Ceiling
  • In Ground Pool
  • Coastal Architecture
  • Wood Flooring

About This Home

As of November 2022

Whether you are looking for the perfect vacation home or rental property, you owe it to yourself to visit "Wine Down". This beautifully decorated and maintained 7-bedroom, 7-full and one half bath home in the Ocean Sands subdivision of Corolla has everything you could ask for in a beach home and more!! With NEW carpet throughout and a freshly painted interior, the amenities that this home has to offer are nearly too numerous to mention but let's give it a try - 7 LARGE bedrooms (6 are masters!); private pool and hot tub; elevator; 1st floor game room with kitchenette featuring a full refrigerator and microwave (perfect for those poolside snacks!); sun decks; covered decks; mid-level laundry area; a bonus mid-level sitting room for even more space; handicap friendly master; jacuzzi tub; beautiful upper level with cathedral ceilings; open floor plan; great room with cozy gas fireplace; indoor and outdoor dining areas; beautiful kitchen with new stainless appliances...the list goes on and on! All this just a stroll from the beach (1,830 feet to be exact!) and the Corolla bike path just outside your neighborhood. This home is perfectly located! No wonder this property is such a solid rental performer with more than $96K in rents on the books for 2022 and projected to do over $118,000 in owner rental income with a fully open calendar!! This one you do NOT want to miss. Break away from the stress of the day-to-day and visit "Wine Down" today!!

Last Agent to Sell the Property

Trisha Midgett

Midgett Realty - Rodanthe License #162204 Listed on: 05/18/2022

Co-Listed By

Courtney Snearer

Midgett Realty - Rodanthe License #309440

Last Buyer's Agent

Jackie Ricks-Sample

Sun Realty - KDH License #47692

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,700

Year Built

  • Built in 2005

Lot Details

  • Property fronts a private road
  • Cul-De-Sac
  • Corner Lot
  • Level Lot

HOA Fees

  • $75 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Shake Siding
  • Vinyl Construction Material

Interior Spaces

  • 3,880 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Game Room

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • En-Suite Primary Bedroom
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Tuck Under Parking
  • Paved Parking
  • Off-Street Parking

Accessible Home Design

  • Handicap Accessible

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Fuel Tank
  • Municipal Utilities District for Water and Sewer

Listing and Financial Details

  • Tax Lot 45

Community Details

Overview

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

Recreation

  • Community Beach Access
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,700

Year Built

Built in 2005

Lot Details

0

HOA Fees

$75 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Extras: Ceiling Fan(s), Covered Decks, Elevator, Handicap Friendly, Hot Tub, Jet Tub, Outside Lighting, Outside Shower, Sun Deck, Dry Entry, Inside Laundry Room
  • Flood Zone: X
  • Heated Sq Ft: 3880
  • L V T Date: 05/18/2022
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Section: K
  • Waterfront Location: More than 5th row
  • Zoning: Res
  • Advertised Income 2021: 89066
  • Advertised Income 2022: 96145
  • Deed Book Pg Number: 94
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Ocean Sands
  • Newpoint Media: Yes
  • Office License Number: C0569
  • 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, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 7
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Foundation: Slab
  • Full Bathrooms: 7
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ensuite, Washer Connection, Wet Bar, 1st Flr Ensuite
  • Optional Rooms: Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Shakes, Vinyl
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Private Pool
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street, Under

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Electric, Heat Pump
  • Fuel Tanks: Leased
  • Sewer/Septic System: Municipal Sewer
  • 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: 900
  • Hoa Contact: Signature Touch - Helen Regan
  • HOA Contact: 252-441-8857

Lot Info

  • Lot Description: Corner, Cul-de-sac, Level
  • Lot Number: Lot 45
  • Deed Book: 1557

Rental Info

  • Est Annual Rental Income: 88280
  • Estimated Rental Performance: 0.1009
  • Lease Terms: Weekly
  • Rental Co: Outer Banks Blue
  • Rental Cottage Name: Wine Down
  • Rental Cottage Number: OS2K
  • Rental Turnover Day: Saturday
  • Rental Contact Email: debbie@outerbanksblue.com
  • Rental Contact Name: Debbie Runnels

Building Info

  • Year Built: 2005

Tax Info

  • Year: 2021
  • Taxes: 4700.43

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2022
Closed on
Nov 30, 2022
Sold by
Owens Colin L and Owens Brittany S
Bought by
Jonathan D Conti Trust
Seller's Agent
Trisha Midgett
Midgett Realty - Rodanthe
Buyer's Agent
Jackie Ricks-Sample
Sun Realty - KDH
List Price
$949,000
Sold Price
$875,000
Premium/Discount to List
-$74,000
-7.8%
Current Estimated Value
$1,140,381

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$265,381
Avg. Annual Appreciation
9.47%

Purchase Details

Listed on
Oct 7, 2019
Closed on
Aug 31, 2020
Sold by
Joyce James M and Joyce Nancy L
Bought by
Owens Colin L and Owens Brittany S
Seller's Agent
Randy Jones
EXP Realty, LLC - Coastal
Buyer's Agent
Rick Drumm
Beach Realty & Construction
List Price
$589,000
Sold Price
$560,000
Premium/Discount to List
-$29,000
-4.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.94%
Original Mortgage
$504,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2004
Bought by
Joyce James M and Moore Richard F
Source: Public Records

Range of Values:

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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
Jonathan D Conti Trust $4,375,000 --
Owens Colin L $560,000 None Available
Joyce James M $272,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Owens Collin $95,000
Previous Owner Owens Colin L $504,000
Previous Owner Joyce James M $758,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2022 11/30/22 Sold $875,000 -7.8% $226 / Sq Ft
11/05/2022 11/05/22 Pending -- -- --
10/19/2022 10/19/22 For Sale $949,000 0.0% $245 / Sq Ft
08/31/2022 08/31/22 Pending -- -- --
07/07/2022 07/07/22 Price Changed $949,000 -3.1% $245 / Sq Ft
07/06/2022 07/06/22 Price Changed $979,000 -2.0% $252 / Sq Ft
06/15/2022 06/15/22 Price Changed $999,000 -7.9% $257 / Sq Ft
06/01/2022 06/01/22 Price Changed $1,085,000 -0.9% $280 / Sq Ft
05/18/2022 05/18/22 For Sale $1,095,000 +95.5% $282 / Sq Ft
08/31/2020 08/31/20 Sold $560,000 -0.8% $144 / Sq Ft
07/23/2020 07/23/20 Pending -- -- --
05/21/2020 05/21/20 Price Changed $564,500 -1.7% $145 / Sq Ft
02/18/2020 02/18/20 Price Changed $574,500 -2.5% $148 / Sq Ft
10/07/2019 10/07/19 For Sale $589,000 -- $152 / 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 $7,387 $619,500 $75,000 $544,500
2023 $6,854 $619,500 $75,000 $544,500
2022 $5,371 $619,500 $75,000 $544,500
2021 $4,700 $528,900 $100,000 $428,900
2020 $4,067 $528,900 $100,000 $428,900
2019 $4,067 $528,900 $100,000 $428,900
2018 $4,122 $518,800 $100,000 $418,800
2017 $3,758 $518,800 $100,000 $418,800
2016 $3,393 $518,800 $100,000 $418,800
2015 $3,111 $518,800 $100,000 $418,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 118913

Outer Banks Association of REALTORS®

APN: 126A-000-0045-000K