NOT LISTED FOR SALE

935 Cane Garden Bay Cir Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $680,000 - $856,000

4 Beds
3.5 Baths
2,248 Sq Ft
$341/Sq Ft Est. Value

Last Sold January 25, 2019

Last sale price $423,750 $189 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $4,689/month

37 Days on Market

Highlights

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

About This Home

As of January 2019

A newly built home in immaculate condition comes with peace of mind and 4 & 10 YEAR transferable WARRANTIES! Never rented, gently used, and easy to maintain making it ideal for retirement, second home use or investment property. The owners have added an ELEVATOR making it a breeze to transfer groceries and luggage to any floor you need while offering handicap accessibility which is a huge plus for rental income. Speaking of rentals, Estimated Rental Income $44,520 that is a 10+% ROI and neighboring like-style homes in the Villas at Corolla Bay rent amazingly well with advertised income over $43k in 2018. While a majority of the homes are rented seasonally, many homes are lived in by year-round primary residents or frequented by second-homeowners making it a nicely blended community! This home is closer to the beach access than many others meaning you'll be sunning and funning in no time and once you return from the beach, cool off in the outdoor shower and then slide into your top-of-the-line Jacuzzi Hot tub. The lovely manicured lawn with privacy fence allows for safe pet-keeping, privacy from street and dining/BBQing on the concrete patio. Ground Floor: Garage and Dry Entry are adjacent to the Elevator. Bedroom, Full size bath, and Game Room/Den with granite topped entertainment bar featuring mini fridge, microwave, Flat-screen TV, built-in cabinetry and small sink is nice to have close by when entertaining outside. Middle Level: There's plenty of space in the large Master Suite which accommodates a King bed and provides access to private deck plus a spacious bath with dual vanity and glass-door shower. Two additional nicely sized Queen bedrooms share a full bath on the hall and the convenience of the walk-in Laundry Room with newly added cabinet storage makes laundry a breeze. The Top Floor's gracious vaulted ceilings add openness to the main living space and the Kitchen lends nice finishes including granite countertops, stainless steel appliances, gleaming cabinetry and was recently updated with attractive stainless steel hood vent. Entertain in the large Dining area and relax in the Great Room offering access to your private tree-lined sun deck. A half bath is conveniently located on this floor and you'll stay cozy while appreciating the ambience the electric fireplace adds. The Villas at Corolla Bay surround the large community pool and recreation center that provides guests a bath house, half court basketball, shuffleboard, a volleyball court and a picnic area. Access to the Atlantic Ocean is just 1,200 feet away from the community parking! Seller Improvements since purchase: ELEVATOR, Carport enclosed as Garage, Garage door w/Electric door opener, attractive lattice, High-end/seamless honeycomb window treatments, New Hot Tub by Jacuzzi brand, Wall Cabinets in Laundry room, Upgraded Lighting Package, & New Stainless hood fan. HVAC is serviced annually & under warranty until 2021. The 4 & 10 year Home Warranty info can be reviewed here: http://www.eillu.com/warrantee/ Motivated Sellers!! Great value with elevator and garage! Add this one to your showing list today! Rental Projection $44,520. Aerial Tour: https://youtu.be/yFvcEIw3QhM

Last Agent to Sell the Property

Heather VanderMyde

Coldwell Banker Seaside Realty - KDH License #207518 Listed on: 10/26/2018

Coldwell Banker Seaside Realty - KDH

Co-Listed By

Kiirsten Farr

Coldwell Banker Seaside Realty - KDH License #276883

Last Buyer's Agent

Raju Uppalapati

Outer Banks Realty Group License #187530

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,340

Year Built

  • Built in 2016

Lot Details

  • Property fronts a private road
  • Lot includes common area
  • Fenced Yard
  • Landscaped
  • Level Lot
  • Sprinkler System
  • Zero Lot Line

HOA Fees

  • $233 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 2,248 Sq Ft Home
  • Elevator
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Electric Fireplace
  • Living Room
  • Dining Room
  • Game Room
  • Utility Room
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Garage Door Opener
  • Off-Street Parking

Pool

  • In Ground Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Patio
  • Exterior Lighting

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot 34

Community Details

Overview

  • Association fees include common electric, common insurance, pool, road maintenance, walkways
  • Art Merwick Association
  • Built by BD & A Construction
  • Corolla Bay Subdivision

Amenities

  • Common Area

Recreation

  • Community Beach Access
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,340

Year Built

Built in 2016

Lot Details

0

HOA Fees

$233 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Rt 12 North, turn right onto Herring. Right onto Cane Garden Bay Circle. Turn left at gate, home on left.
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Elevator, Fenced Yard, Garage Door Opener, Hot Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Patio, Smoke Detector(s), Sun Deck, Dry Entry
  • Flood Zone: X
  • Subdivision Name: Corolla Bay Sec III
  • Headline: ELEVATOR-NEW WARRANTIES-XZone!
  • Heated Sq Ft: 2248
  • L V T Date: 10/26/2018
  • Primary Residence: Yes
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Zoning: res
  • Deed Book Pg Number: 170
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C7166
  • 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 Refrigerator
  • Bedrooms: 4
  • Bedroom 1: On Level: 2
  • Bedroom 2: On Level: 2
  • Bedroom 3: On Level: 2
  • Bedroom 4: On Level: Ground
  • Kitchen: On Level: 3
  • Countertops: Granite, Solid Surface
  • Floor Coverings: Carpet, Tile, Vinyl, Wood, Wood Laminate
  • Foundation: Piling
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Cathedral Ceiling(s), Dryer Connection, Ice Maker Connection, Ensuite, Washer Connection, Electric Fireplace
  • Dining Room: On Level: 3
  • Game Room: On Level: Ground
  • Living Room: On Level: 3
  • Optional Rooms: Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: BD & A Construction
  • Construction: Frame
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Association
  • Pool Type: Outdoor, In Ground, Association Pool
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Garage: 1 Car, Attached
  • Garage Sq Ft: 477
  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Pool, Road Maintenance, Walkways
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Sound Access, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 2800
  • Hoa Contact: Art Merwick

Lot Info

  • Lot Description: Adj. To Common Area, Level, Zero Lot Line
  • Lot Number: Lot 34
  • Deed Book: 1385

Rental Info

  • Est Annual Rental Income: 44520
  • Estimated Rental Performance: 0.1051
  • Flood Expenses: 499
  • Annual Cable TV Expense: 2400
  • Annual Water Expense: 1200

Building Info

  • Year Built: 2016

Tax Info

  • Year: 2018
  • Taxes: 2340

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2018
Closed on
Jan 15, 2019
Sold by
Searfoss Mark Charles and Searfoss Priscilla Stark
Bought by
Ruiterman Gordon Douglas and Ruiterman Catherine Marie
Seller's Agent
Heather VanderMyde
Coldwell Banker Seaside Realty - KDH
Buyer's Agent
Raju Uppalapati
Outer Banks Realty Group
List Price
$435,000
Sold Price
$423,750
Premium/Discount to List
-$11,250
-2.59%
Current Estimated Value
$766,605

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$342,855
Avg. Annual Appreciation
9.41%

Purchase Details

Listed on
Mar 30, 2016
Closed on
Sep 2, 2016
Sold by
Northeastern North Carolina Properties O
Bought by
Searfoss Mark Charles and Searfoss Priscilla Stark
Seller's Agent
Raju Uppalapati
Outer Banks Realty Group
Buyer's Agent
Anthony Baca
Coastal NC Realty Group
List Price
$399,900
Sold Price
$399,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.62%
Original Mortgage
$359,910
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 5, 2013
Sold by
Corolla Oceanside Llc
Bought by
Northeastern North Carolina Properties O
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
Ruiterman Gordon Douglas $424,000 None Available
Searfoss Mark Charles $400,000 Attorney
Northeastern North Carolina Properties O $4,835,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Searfoss Mark Charles $359,910
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2019 01/25/19 Sold $423,750 -2.6% $189 / Sq Ft
12/02/2018 12/02/18 Pending -- -- --
10/26/2018 10/26/18 For Sale $435,000 +8.8% $194 / Sq Ft
10/31/2016 10/31/16 Sold $399,900 0.0% $178 / Sq Ft
03/30/2016 03/30/16 For Sale $399,900 -- $178 / Sq Ft
03/28/2016 03/28/16 Pending -- -- --
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 $3,350 $396,400 $100,000 $296,400
2023 $3,005 $396,400 $100,000 $296,400
2022 $2,544 $396,400 $100,000 $296,400
2021 $2,521 $394,400 $135,000 $259,400
2020 $2,432 $394,400 $135,000 $259,400
2019 $2,366 $389,600 $135,000 $254,600
2018 $2,341 $389,600 $135,000 $254,600
2017 $2,120 $135,000 $135,000 $0
2016 $648 $135,000 $135,000 $0
2015 $648 $135,000 $135,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 102477

Outer Banks Association of REALTORS®

APN: 115F-000-0034-0000