NOT LISTED FOR SALE

785 Galileo Rd Corolla, NC 27927

Estimated Value: $1,083,531 - $1,346,000

5 Beds
4.5 Baths
2,719 Sq Ft
$444/Sq Ft Est. Value

Last Sold November 13, 2020

Last sale price $843,000 $310 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $6,947/month

1 Day on Market

Highlights

  • Community Beach Access
  • In Ground Pool
  • Coastal Architecture
  • Ocean View
  • Gated Community
  • Cathedral Ceiling

About This Home

As of November 2020

785 Galileo Rd, Buck Island: a stylish, updated, and well maintained second home, offering significant Ocean Views, Private Pool & Hot Tub, 5 bedrooms plus rec room or 6th bedroom, a mid-level sitting area, tons of covered and uncovered decking, and all just steps from the beautiful beach in the upscale, high quality community of Buck Island. Nicely positioned in a safe X-Flood Zone location, this property uniquely benefits from it's corner location to the North and common area to the East, providing open space, privacy, and multiple ocean view alleys from the abundant decks and the interior. An attractive and functional design, inside and out, offered fully furnished and accessorized with high quality furnishings & decor, and many recent updates. Outside you will find new 2020 attractive and low maintenance landscaping package, and a comfortable pool area design. The large pool area flows conveniently from the decks and from the carport, provides both sun and shaded decking areas, landscape features, new deck furniture, tiled fiberglass pool, and low maintenance vinyl fencing. Dry entry from carport, outside shower, and 2 exterior owners closets. Ground floor: provides den with pull out sofa, foosball, TV viewing, and large full bath (with door and closet can serve as 6th bedroom if desired). Mid Level: formal entry foyer, mid level sitting area with common deck access, 4 comfortably sized bedrooms, and 2 full baths. Expansive covered decking on this level spanning 3 sides of the home, with 2015 quality hot tub, overlooking and with steps to the pool area. Top floor: features open bright great room, with high cathedral ceilings, gas fireplace and modern recessed TV feature, master suite with private deck, half bathroom, large open decking on East and South, comfortable kitchen with Blue Pearl granite counters and custom tile backsplash, and covered front / West deck flowing off of the kitchen for sunset and pond views. Attractive, really high quality furnishings and decor throughout the property, including glass topped furniture, artwork pieces, sumbrella furniture, quality electronics / tv package, and surround sound. Significant and well done recent improvements in 2019 & 2020 include newly tiled ground floor, carpeted stairs, tiled foyer, wood laminate floors in the great room and mid level common areas, interior and interior trim painting, high quality great room and dining window treatments, and new dining table and chairs. This home is crisp and clean! All this within the area's top community of Buck Island; private community with gated entrance, with curbed, sidewalked, & tree lined streets, manicured grounds, amenities include a community pool, tennis, playground, cabana beach bathhouse, a beautiful wide & gradual beach, golf cart friendly, all in walking distance to TimBuck II and Monteray Plaza conveniences. Arrive and leave the car parked! This property conveys with over $6,000 in it's Buck Island paint reserve fund to use by new owner when desired! This home is in unique near beach location, and is ready for immediate use and enjoyment. Act now to secure your unique, special place at the beach! Enjoy personal and family quality time, and/or with all it's features this property can be a lucrative investment rental property if desired. (Rental projection available, indicating $77,071 owners annual rent, $82,685 advertised rent).

Last Agent to Sell the Property

Mark Massey

Outer Banks Realty Group License #188389 Listed on: 09/30/2020

Last Buyer's Agent

Holly Britt

SAGA Realty and Construction License #200150

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,567

Year Built

  • Built in 1996

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 80 x 170
  • Property fronts a private road
  • Cul-De-Sac
  • Lot includes common area
  • Fenced Yard
  • Landscaped
  • Level Lot
  • Sprinkler System

HOA Fees

  • $299 Monthly HOA Fees

Parking

  • Tuck Under Parking

Property Views

  • Ocean
  • Pond

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Shake Siding
  • Piling Construction
  • Synthetic Stucco Exterior
  • Cement Board or Planked

Interior Spaces

  • 2,719 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Game Room

Kitchen

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

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • Cedar Closet
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Patio

Utilities

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

Listing and Financial Details

  • Tax Lot 51

Community Details

Overview

  • Association fees include common electric, common insurance, grounds maintenance, management, pool, road maintenance, security, tennis courts, walkways
  • Signature Touch 252 441 8857 Association
  • Bi Buck Island Subdivision

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Tennis Courts
  • Community Playground
  • Community Pool

Additional Features

  • Common Area
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,567

Year Built

Built in 1996

Lot Details

0.31 Acres

HOA Fees

$299 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Into the neighborhood and towards the beach, right / South on Galileo, first home on left.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Curbs, Covered Decks, Fenced Yard, Hot Tub, Jet Tub, Landscaped, Lawn Sprinklers, Outside Shower, Patio, Sun Deck, Inside Laundry Room
  • Flood Zone: X
  • Subdivision Name: Buck Island PUD
  • Headline: Stylish 2nd Home, Views, Pool
  • Heated Sq Ft: 2719
  • L V T Date: 09/30/2020
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: 2 - lots from oceanfront (3rd row
  • Zoning: Res
  • Deed Book Pg Number: 601
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C25379
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 5
  • Countertops: Granite
  • Electronic Locks: Owned
  • Floor Coverings: Carpet, Tile, Wood Laminate
  • Foundation: Piling, Slab
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Cedar Closet(s), Gas Fireplace, Ensuite
  • Optional Rooms: Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Shakes, Synth Stucco, Cement Fiber Board
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Fiberglass, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 80
  • View: Ocean, Pond

Garage/Parking

  • Garage: Carport
  • Parking: Under

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Heat Pump
  • Fuel Tanks: Leased
  • Septic Fee: 713
  • Sewer/Septic System: Municipal Sewer
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Grounds Maintenance, Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
  • Association Amenities: Gated Community, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Board Walk, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 3591
  • Hoa Contact: Signature Touch 252-441-8857
  • HOA Contact: buckislandouterbanks.com
  • Home Owner Dwelling Insurance: 2015

Lot Info

  • Estimated Lot Sq Ft: 13670
  • Lot Description: Adj. To Common Area, Cul-de-sac, Level
  • Lot Faces: W
  • Lot Size: 80 x 170
  • Lot Number: Lot 51
  • Estimated Lot Size: 0.31
  • Deed Book: 629

Rental Info

  • Est Annual Rental Income: 82685
  • Estimated Rental Performance: 0.0981
  • Flood Expenses: 783
  • Yearly Expense Actual Estimate: Actual
  • Annual Electric: 2590
  • Annual Water Expense: 747

Building Info

  • Year Built: 1996

Tax Info

  • Year: 2020
  • Taxes: 3566.6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2020
Closed on
Nov 13, 2020
Sold by
Gnatt Paul J and Gnatt Leslie S
Bought by
Beckett David M and Beckett Natalie S
Seller's Agent
Mark Massey
Outer Banks Realty Group
Buyer's Agent
Holly Britt
SAGA Realty and Construction
List Price
$795,000
Sold Price
$843,000
Premium/Discount to List
$48,000
6.04%
Current Estimated Value
$1,207,883

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$364,883
Avg. Annual Appreciation
7.08%
Original Mortgage
$510,000
Outstanding Balance
$451,752
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$756,131

Purchase Details

Closed on
Nov 22, 2002
Bought by
Gnatt Paul J and Gnatt Leslie S
Source: Public Records
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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
Beckett David M $843,000 None Available
Gnatt Paul J $675,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beckett David M $510,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2020 11/13/20 Sold $843,000 +6.0% $310 / Sq Ft
10/01/2020 10/01/20 Pending -- -- --
09/30/2020 09/30/20 For Sale $795,000 -- $292 / Sq Ft
Source: Outer Banks Association of REALTORS®

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 $5,095 $658,800 $330,000 $328,800
2024 $5,095 $658,800 $330,000 $328,800
2023 $5,079 $642,300 $330,000 $312,300
2022 $3,712 $642,300 $330,000 $312,300
2021 $3,697 $622,000 $300,000 $322,000
2020 $3,567 $622,000 $300,000 $322,000
2019 $3,567 $622,000 $300,000 $322,000
2018 $0 $622,000 $300,000 $322,000
2017 $3,236 $622,000 $300,000 $322,000
2016 $3,313 $622,000 $300,000 $322,000
2015 -- $622,000 $300,000 $322,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 111245

Outer Banks Association of REALTORS®

APN: 116B-000-0051-0000

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