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Closing Price:
$1,249,000
$1,249,000
298 Longfellow Cove,
Corolla, NC 27927
9 bd
8 ba
4405 sq ft
MLS #: 103020
Status: Closed
Sold Details
Status: Closed
Sold Price: $1,200,000.00
Closing Date: 2/21/2020
Contract Date: 2/6/2020
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 412
Due Diligence Date: 2/20/2020
Listing Information
Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 412
Cumulative Days On Market: 412
Listing Price: $1,249,000
Original Listing Price: $1,435,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 2/25/2020
Furnishing Available: Yes
Ownership: Owned 12 Months or less
Listing Type: Exclusive Right To Sell
Building Details
Primary Heated Living Area Sq Ft: 4405
Asking Price Per SqFt: $284.00
Heated Living Area Sq Ft: 4405
BedroomsTotal: 9
Bathrooms Full: 8
Bathrooms Partial: 1
Year Built: 1995
Architectural Style: Coastal, Nags Head, Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer
Roof: Asphalt
Parking: Off Street, Paved
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: Concrete, Association, In Ground, Outdoor Pool, Private
Builder Name: Olin Finch
Cooling: Central Air, Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s), Pantry, Wet Bar, Walk-In Closet(s)
Heating: Central, Forced Air, Heat Pump, Zoned
Room Type: Breakfast Nook, Foyer, Game Room, Pantry, Shipswatch
Flooring: Carpet, Engineered Wood, Tile
Construction Materials: Frame, Wood Siding
Legal Description
County: Currituck
Subdivision: Pine Island Pud
Subdivision Name: Pine Island
Deed Book: 1429
Deed Book Page Number: 817
County Pin Number: 127C00001680000
Price Change: 2/20/2020
Road Surface: Paved, Public
Association Amenities: Clubhouse, Common Area, Fitness Center, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Park
Lot Details
Total Assessed Value: 937955
Lot Size Acres: 0.62
Lot Size Square Feet: 27000
Lot Features: Adj to Park Serv./Preserv, Cul-De-Sac, Level, Wooded
Waterfront: Semi-Oceanfront (2nd row)
View: Ocean
Property Type: Residential
Property Expenses & Utilities
Tax Year: 2018
Annual Property Taxes: $5,241.00
Home Oner Insurance Expense: 1000
Flood Zone: AE
Flood Insurance Expense: 850
Wind Insurance: 7000
Other Insurance: 3100
Other Expenses 3: 9000
Water Source: Municipal
Yearly Water Expense: 1400
Other Yearly Expense: 500000
Pool Or Spa Expense: 2900
Yearly Elecric Expense: 4000
Yearly Telephone Expense: 600
Yearly Cable Tv Expense: 2500
Contract Status Change Date: 2/21/2020
Estimated Annual Fee Amt: $3,400.00
Sewer: Shared Septic
Maintenance Expense: 3000
Association Fee Includes: Building Maintenance, Electricity, Common Insurance, Flood Insurance, Maintenance Grounds, Management, Pool, Tennis Courts, Taxes, Water, Walkways
Other Expenses 2: 2900
Association Fee Yes or No: Yes
Financials
Bank/Institution Owned: No
Exterior: Cement Fiber Board,Shakes,Wood
Extras: Beach Access,Ceiling Fan(s),Hot Tub,Landscaped,Outside Lighting,Outside Shower,Patio,Smoke Detector(s),Sun Deck,Tiki Bar,Inside Laundry Room
Primary Residence: No
Rental Income
Annual Rental Income: 160000
Rental Performance: 0.1333
Listing Agent Remarks
Pine Island Nine-bedroom semi-ocean front house at the end of a private, desirable cul-de-sac. Fantastic rental income, outstanding investment opportunity. This house was recently renovated by Olin Finch and includes: new kitchen with double appliances, all new furniture, all walls painted, all new flooring, two new heat pumps. new hot tub and many other improvements. 1,050 heated living area was added. 3 refrigerators, 2 range/ovens, 2 microwaves. Beautifully professionally decorated and landscaped! This house is turnkey ready for renters, perfect for your family vacations and has a solid financial projection (ask for a copy). Great investment!
Directions
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Program of the Outer Banks Association of REALTORS. This property located at 298 Longfellow Cove in Corolla is provided
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means the property at 298 Longfellow Cove in Corolla is no longer available for sale. If you are interested in this property
or have any questions about buying or selling real estate on the Outer Banks call Shore Realty. Local
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