NOT LISTED FOR SALE

Estimated Value: $1,205,000 - $1,259,631

6 Beds
5.5 Baths
3,095 Sq Ft
$398/Sq Ft Est. Value

Last Sold January 21, 2016

Last sale price $600,000 $194 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $7,172/month

195 Days on Market

Highlights

  • Ocean View
  • Rooftop Deck
  • Cathedral Ceiling
  • Heated In Ground Pool
  • Contemporary Architecture
  • Hydromassage or Jetted Bathtub

About This Home

As of January 2016

$619,000.00, you cannot beat that price! What a great performer at 10% GRI. This gorgeous Shoreline Builder property has over $62K in gross rental income on the books. “For Friends” offers all the amenities you would expect: two master suites, top and middle floor, a fully equipped game room conveniently located on the first floor with fully equipped wet bar, game tables, flat screen TV and audio system. Ready to cool off? Walk out to find storage bins filled with beach apparel, an outside shower to wash off that sand, a spacious 16X32 heated in-ground pool to enjoy a serious swim or relax and soak in the hot tub. Have you noticed the available parking spaces? Large groups preferred….. You’ll find decks on all three sides and a surprise on the very top. Coffee does taste better with a view! This well-appointed 3,095. square foot property offers spaciousness, abundant natural light, 6 bedrooms, 5 full bathrooms and a conveniently located powder room on the top floor. Two master suites with whirlpool bath tubs, separate showers, double sinks have private access to the decks. Well-equipped bedrooms set up to maximize the sleeping arrangements all have flat screen TV’s, one has access to the rear deck for a great pool view. Laundry room on the middle level, you’ll find throughout beautiful wood trim, 6 panel wood doors, wainscoting and clean neutral carpeting. On the upper level you’ll also find the second master suite, a spacious kitchen where cooking is a pleasure with new stainless steel appliances, ceramic tile floor, maple kitchen cabinets and tons of bar space for comfortable seating on the bar stools. Take a look at the gorgeous dining table surrounded by windows, you will not lack for seating. Large groups preferred….. Beautiful great room with vaulted ceiling and fan window over sliding glass doors offers lovely views, pretty and practical built in wood shelves to store all the necessities of life: great audio, flat screen TV, books and games. What should you do on a cold night? Light the fireplace and relax, you could sneak out to the outdoor hot tub and enjoy the moment. Or sit for a spell on the deck’s built in bench and let the views and the sound of the ocean waves bring you peace. Yes, you are very close to the public walkway that takes you directly to the beach. You are 500 feet from the ocean, don’t you feel special? Not too close to the elements and far enough away from the highway. Did you know? Mosquitoes are not allowed on the screened in porch. I have one more surprise, from the porch walk up to that clever widow’s walk, sit on the built in bench and take a deep breath. You will never tire of those lovely ocean views. This property is fully equipped and conveys turnkey, there is absolutely nothing for you to do but start collecting those lovely rents for many weeks to come. Need I say more? The owners pride themselves on caring and maintaining their investment, the following have been replaced/upgraded in 2013: kitchen appliances, porch table and chairs and pool heater. In 2014: two living room couches and one chair, pool side tables and chairs and four sets of sliding glass doors. In 2015: north wall hardiplank lap siding was painted with new trim, porch and trim and the exterior walls and trim were repaired and touched up with paint, the decks, pool surround and concrete parking were power washed, all new bedspreads, painted built in benches on the decks. Whalehead Club of Corolla is a state of mind!

Last Agent to Sell the Property

Johanna Holcomb

Coldwell Banker Seaside Realty KH License #224301 Listed on: 05/09/2015

Coldwell Banker Seaside Realty KH

Last Buyer's Agent

Mercedes Tabano

Keller Williams - Outer Banks License #69137

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,293

Year Built

  • Built in 2000

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 100x200
  • Level Lot
  • Property is zoned Res.

Parking

  • Tuck Under Parking

Home Design

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

Interior Spaces

  • 3,095 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Bay Window
  • Entrance Foyer
  • Game Room
  • Screened Porch
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Outdoor Pool
  • Vinyl Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Rooftop Deck
  • Covered Deck
  • Patio

Utilities

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

Community Details

  • Built by Shoreline Builders
  • Whalehead Club Subdivision

Listing and Financial Details

  • Tax Lot 46

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,293

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan
  • Directions: From RT12, right on Bonito Street, left on Whalehead Drive to 944.
  • Extras: Ceiling Fan(s), Covered Decks, Hot Tub, Jet Tub, Outside Shower, Patio, Screened Porch, Smoke Detector(s), Sun Deck, Roof Top Deck
  • Flood Zone: AE
  • Subdivision Name: Whalehead Club
  • Headline: 10% GRI for 2015!
  • Heated Sq Ft: 3095
  • Roads: Paved
  • Sale/Rent: For Sale
  • Section: 9
  • Waterfront Location: 3 - lots from oceanfront (4th row)
  • Zoning: Res.
  • Deed Book Pg Number: 0611
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 6
  • Floor Coverings: Carpet, Ceramic Tile, Vinyl
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Bay/Bow Window, Cathedral Ceiling(s), Gas Fireplace, Ensuite, Pantry
  • Optional Rooms: Foyer, Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: Shoreline Builders
  • Construction: Frame
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Vinyl, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 100
  • View: Ocean

Garage/Parking

  • Parking: Under

Utilities

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

Condo/Co-op/Association

  • Home Owner Dwelling Insurance: 5722

Lot Info

  • Estimated Lot Sq Ft: 20000
  • Lot Description: Level
  • Lot Faces: E
  • Lot Size: 100X200
  • Lot Number: Lot 46
  • Deed Book: 0746

Rental Info

  • Est Annual Rental Income: 62620
  • Estimated Rental Performance: 0.1044
  • Flood Expenses: 460
  • Lease Terms: Weekly
  • Rental Co: Shoreline OBX
  • Rental Cottage Name: For Friends
  • Rental Cottage Number: WHL-32
  • Rental Phone Number: (800)449.2036
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Actual

Building Info

  • Year Built: 2000

Tax Info

  • Year: 2015
  • Taxes: 4292.64

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2015
Closed on
Jan 11, 2016
Sold by
Sullivan J Thomas and Walraed Susan M
Bought by
The Adams Living Trust and Adams Sandra W
Seller's Agent
Johanna Holcomb
Coldwell Banker Seaside Realty KH
Buyer's Agent
Mercedes Tabano
Keller Williams - Outer Banks
List Price
$647,000
Sold Price
$600,000
Premium/Discount to List
-$47,000
-7.26%
Current Estimated Value
$1,232,158

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$632,158
Avg. Annual Appreciation
7.76%
Original Mortgage
$590,000
Interest Rate
2.81%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 12, 2003
Bought by
Walraed Sullivan J and Walraed Susan M
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
The Adams Living Trust $600,000 Attorney
Walraed Sullivan J $865,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adams Carl G $384,000
Closed The Adams Living Trust $590,000
Previous Owner Bert John K $188,000
Previous Owner Gebert John K $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2016 01/21/16 Sold $600,000 -7.3% $194 / Sq Ft
11/20/2015 11/20/15 Pending -- -- --
05/09/2015 05/09/15 For Sale $647,000 -- $209 / 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 $6,132 $673,000 $230,000 $443,000
2023 $6,132 $673,000 $230,000 $443,000
2022 $5,191 $673,000 $230,000 $443,000
2021 $5,176 $650,400 $250,000 $400,400
2020 $4,996 $650,400 $250,000 $400,400
2019 $4,996 $650,400 $250,000 $400,400
2018 $4,996 $650,400 $250,000 $400,400
2017 $4,641 $650,400 $250,000 $400,400
2016 $4,557 $650,400 $250,000 $400,400
2015 $4,557 $650,400 $250,000 $400,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 88039

Outer Banks Association of REALTORS®

APN: 115A-000-0046-0009