Closing Price:
$2,050,000
109 Cadwall Road, Corolla, NC 27927
9 bd
8 ba
5378 sq ft
MLS #: 108714
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,850,000.00
Closing Date: 10/30/2020
Contract Date: 9/1/2020
Seller Concessions: Yes
Concession Comments: 26k off the original price for repairs
Total Days on Market:
Cumulative Days on Market: 173

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 173
Cumulative Days On Market: 173
Listing Price: $2,050,000
Original Listing Price: $2,050,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 10/30/2020
Furnishing Available: Yes
Bill Of Sale Amount: Yes
Ownership: Owned 12 Months or less
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 5378
Asking Price Per SqFt: $381.00
Heated Living Area Sq Ft: 5378
BedroomsTotal: 9
Bathrooms Full: 8
Bathrooms Partial: 1
Year Built: 2000
Garage: Attached
Architectural Style: Contemporary, Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Countertop Range, Dryer, Dishwasher, Microwave, Refrigerator, Wall Oven
Roof: Asphalt
Pool: Yes
Pool Type: Private and Association
Pool Features: Association, Heated, In Ground, Outdoor Pool, Private
Counter Tops: Corian
Cooling: Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s), Wet Bar, Walk-In Closet(s)
Heating: Heat Pump, Zoned
Room Type: Breakfast Nook, Game Room, Home Theater, Office
Flooring: Ceramic Tile, Tile
Construction Materials: Frame

Legal Description

County: Currituck
Subdivision: Pine Island Pud
Subdivision Name: PINE ISLAND
Deed Book: 1149
Deed Book Page Number: 0422
County Pin Number: 127C00002680000
Price Change: 10/29/2020
Road Surface: Paved
Association Amenities: Outdoor-Comm. Pool, Outdoor-Comm. Tennis

Lot Details

Lot Size Acres: 0.53
Lot Size Dimensions: 100x223
Lot Size Square Feet: 23000
Lot Features: Beach Frontage, Waterfront
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2019
Annual Property Taxes: $9,567.00
Home Oner Insurance Expense: 13500
Flood Zone: X
Water Source: Municipal
Yearly Water Expense: 2000
Pool Or Spa Expense: 3000
Yearly Expense: Estimated
Yearly Elecric Expense: 4600
Yearly Telephone Expense: 800
Yearly Cable Tv Expense: 2600
Contract Status Change Date: 10/30/2020
Estimated Annual Fee Amt: $3,000.00
Sewer: Shared Septic
Septic Fee: 540
Maintenance Expense: 1100
Association Fee Includes: Management, Pool, Road Maintenance, Tennis Courts, Walkways
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Listing Restrictions: Variable Rate Comp
Exterior: Cement Fiber Board
Extras: Beach Access,Boardwalk to Beach,Elevator,Hot Tub,Outside Lighting,Outside Shower
HOA Contact Name: Seaside Management
Primary Residence: No
HOA Contact Info: 252-261-1200

Rental Income

Annual Rental Income: 213456
Rental Performance: 0.1154

Listing Agent Remarks

Consistently over 200k in rents every year. This beautiful 9 bedroom Pine Island home is a rental machine, including the many features that any discriminating homeowner or vacationer would love; Picturesque views from the ocean to sound with decks galore to enjoy the sunrises and sunsets. The beaches are not crowded and the wildlife preserve land gives off feeling of relaxation and privacy. There is an open floor plan on the top level, 2 eating areas, and a private office with ocean views. The kitchen is perfect for large families with 2 refrigerators (1 on bottom floor as well), 2 dishwashers and 2 ovens. Some of the areas for large groups to gather include a game room with pool table, a pool area with 2 hot tubs and a separate theatre room on the 2nd floor. This home also offers a garage, a huge convenience for a homeowner with rental property on the Outer Banks. Solid Renter with the Retal History to back it up!

Directions

North on Rt 12, right on Cadwall. Home is on the right.

Official MLS Disclaimer

The data relating to real estate for sale on this web site comes from the Broker Reciprocity Program of the Outer Banks Association of REALTORS. This property located at 109 Cadwall Road in Corolla is provided courtesy of Outer Banks Blue Realty Srvcs. . Information is believed to be accurate but is not warranted. Copyrighted by Outer Banks Association of REALTORS. All Rights Reserved. IDX information is provided by Shore Realty of the OBX exclusively for consumers, personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. If this page disappears from this site it means the property at 109 Cadwall Road 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 252-441-3416 OR 800-647-1868.
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