NOT LISTED FOR SALE

786 Crown Point Cir Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $1,164,301 - $1,310,000

8 Beds
8.5 Baths
3,887 Sq Ft
$324/Sq Ft Est. Value

Last Sold December 08, 2020

Last sale price $785,000 $202 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $7,421/month

76 Days on Market

Highlights

  • Ocean View
  • Second Refrigerator
  • Cathedral Ceiling
  • Outdoor Pool
  • Coastal Architecture
  • Wood Flooring

About This Home

As of December 2020

2020 gross rental income is over $90,000! Prime week rent for 2020: $7,690. Enjoy the beach life in this 8 bedroom 9 bathroom home with 5 king masters in a great location that is only 130 yards from the beach and is walking distance to shopping and restaurants. This beautifully designed and well maintained house with a Caribbean flair is put together from top to bottom to be a great rental home for multi-generation reunions and large family vacations. This home is well equipped with a heated private pool and hot tub, spacious kitchen with two dishwashers and a nice open great room with plenty of natural light. Relax on the screened in porch or ground floor game room with pool table, foosball and mini-kitchen, perfect for teens. Also so enjoy the community tennis courts and swimming pool. Come see why people love renting this house!

Last Agent to Sell the Property

Gray Berryman

Carolina Designs Realty License #214315 Listed on: 06/19/2020

Last Buyer's Agent

Ray Meiggs

Twiddy and Co. - Duck License #290422

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,859

Year Built

  • Built in 2002

Lot Details

  • 6,098

HOA Fees

  • $100 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Cement Board or Planked

Interior Spaces

  • 3,887 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Game Room
  • Ocean Views

Kitchen

  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Dishwasher
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Parking

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

Pool

  • Outdoor Pool
  • Spa
  • Outdoor Shower

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District for Water and Sewer

Additional Features

  • Covered Deck
  • Property fronts a private road

Listing and Financial Details

  • Tax Lot 53

Community Details

Overview

  • Association fees include management, pool, tennis courts
  • Gerri Adams Association, Phone Number (252) 457-0045
  • Crown Point Subdivision

Recreation

  • Community Boardwalk
  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,859

Year Built

Built in 2002

Lot Details

0

HOA Fees

$100 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Directions: turn east into Crown Point and home is on the right
  • Extras: Ceiling Fan(s), Covered Decks, Hot Tub, Outside Shower
  • Flood Zone: X
  • Headline: $102,435 in 2020 Rental Income
  • Heated Sq Ft: 3887
  • L V T Date: 06/19/2020
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: More than 5th row
  • Zoning: Residentia
  • Advertised Income 2020: 102435
  • Advertised Income 2021: 35300
  • Deed Book Pg Number: 410
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: No
  • Newpoint Media: Yes
  • Office License Number: C6124
  • Outer Banks Software: Yes
  • Terradatum Inc: No
  • W And R Studios: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator w/Ice Maker, Washer, 2nd Refrigerator
  • Bedrooms: 8
  • Countertops: Laminate
  • Floor Coverings: Carpet, Ceramic Tile, Wood
  • Foundation: Slab
  • Full Bathrooms: 8
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Gas Connection, Gas Fireplace, Ensuite
  • Optional Rooms: Foyer, Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Exterior: Lap Siding, Cement Fiber Board
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Paved, Off Street, Under

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Management, Pool, Tennis Courts
  • Association Amenities: Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Board Walk
  • Association Fee: Yes
  • Estimated Annual Fee: 1200
  • Hoa Contact: Gerri Adams
  • HOA Contact: (252) 457-0045

Lot Info

  • Lot Number: Lot 53
  • Deed Book: 1197

Rental Info

  • Est Annual Rental Income: 102435
  • Estimated Rental Performance: 0.1305
  • Lease Terms: Weekly
  • Rental Co: Carolina Designs
  • Rental Cottage Name: Carolina on My Mind
  • Rental Cottage Number: 129
  • Rental Phone Number: 800-368-3825
  • Rental Turnover Day: Sunday
  • Rental Contact Email: elaine.breiholz@carolinadesigns.com
  • Rental Contact Name: Elaine Breiholz
  • Rental Contact Phone: 252 261 3934 x 6242

Building Info

  • Year Built: 2002

Tax Info

  • Year: 2019
  • Taxes: 4858.88

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2020
Closed on
Nov 24, 2020
Sold by
Crown Pointe Llc
Bought by
Kilaru Naresh and Kilaru Vandana
Seller's Agent
Gray Berryman
Carolina Designs Realty
Buyer's Agent
Ray Meiggs
Twiddy and Co. - Duck
List Price
$799,000
Sold Price
$785,000
Premium/Discount to List
-$14,000
-1.75%
Current Estimated Value
$1,257,575

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$472,575
Avg. Annual Appreciation
10.61%
Original Mortgage
$161,000
Outstanding Balance
$144,022
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$1,131,256

Purchase Details

Listed on
Feb 1, 2012
Closed on
Apr 17, 2012
Sold by
Collinson Gilbert T and Collinson Sharyn G
Bought by
Crown Pointe Lc
Seller's Agent
Gray Berryman
Carolina Designs Realty
Buyer's Agent
Gray Berryman
Carolina Designs Realty
List Price
$850,000
Sold Price
$802,500
Premium/Discount to List
-$47,500
-5.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.25%
Original Mortgage
$500,000
Interest Rate
3.9%
Mortgage Type
New Conventional
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
Kilaru Naresh $785,000 None Available
Crown Pointe Lc $802,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kilaru Naresh $161,000
Open Kilaru Naresh $510,400
Previous Owner Crown Pointe Lc $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2020 12/08/20 Sold $785,000 -1.8% $202 / Sq Ft
09/03/2020 09/03/20 Pending -- -- --
06/19/2020 06/19/20 For Sale $799,000 -0.4% $206 / Sq Ft
04/18/2012 04/18/12 Sold $802,500 -5.6% $206 / Sq Ft
03/19/2012 03/19/12 Pending -- -- --
02/01/2012 02/01/12 For Sale $850,000 -- $219 / 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 $7,846 $662,500 $170,000 $492,500
2023 $7,846 $662,500 $170,000 $492,500
2022 $5,698 $662,500 $170,000 $492,500
2021 $5,000 $644,100 $225,000 $419,100
2020 $4,873 $644,100 $225,000 $419,100
2019 $4,859 $644,100 $225,000 $419,100
2018 $4,925 $644,100 $225,000 $419,100
2017 $4,573 $644,100 $225,000 $419,100
2016 $4,119 $644,100 $225,000 $419,100
2015 -- $644,100 $225,000 $419,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 109774

Outer Banks Association of REALTORS®

APN: 116A-000-0053-0000