Closing Price:
$1,825,000
472 Pipsis Point Road, Corolla, NC 27927
5 bd
6 ba
3635 sq ft
MLS #: 121920
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,775,000.00
Closing Date: 6/12/2023
Contract Date: 4/21/2023
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 13

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 13
Cumulative Days On Market: 13
Listing Price: $1,825,000
Original Listing Price: $1,825,000
Possession: Close Of Escrow, Subject To Tenant Rights
Short Sale: No
Price Date: 6/14/2023
Furnishing Available: Yes
Bill Of Sale Amount: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 3635
Asking Price Per SqFt: $502.00
Heated Living Area Sq Ft: 3635
BedroomsTotal: 5
Bathrooms Full: 6
Bathrooms Partial: 1
Year Built: 1995
Garage: 1 Car,Attached,Carport
Architectural Style: Reverse Floor Plan, Coastal, Cottage
Sub Type: Single Family Residence
Appliances: 2nd Refrigerator, Dryer, Dishwasher, Ice Maker, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer
Roof: Asphalt
Parking: Off Street, Paved, Underground
Foundation: Piling, Slab
Pool: Yes
Pool Type: Private and Association
Pool Features: Association, Fiberglass, In Ground, Outdoor Pool, Private
Counter Tops: Granite
Cooling: Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s), Cedar Closet(s), Pantry
Heating: Electric, Heat Pump, Zoned
Room Type: Foyer, Game Room, Library, Loft, Media Room, Office, Pantry, Shipswatch, Workshop
Flooring: Carpet, Hardwood, Tile, Vinyl Tile
Construction Materials: Frame, Wood Siding

Legal Description

County: Currituck
Subdivision: Pine Island Pud
Subdivision Name: Pine Island
Deed Book: 1684
Deed Book Page Number: 407
County Pin Number: 127C00000150000
Price Change: 6/13/2023
Road Surface: Paved, Private
Association Amenities: Common Area, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Park

Lot Details

Lot Size Acres: 0.42
Lot Size Square Feet: 18086
Lot Features: Cul-De-Sac, Level
Lot Faces: E
Waterfront: Semi-Oceanfront (2nd row)
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2022
Annual Property Taxes: $5,544.00
Home Oner Insurance Expense: 3081
Flood Zone: X
Flood Insurance Expense: 1141
Wind Insurance: 6681
Water Source: Municipal
Contract Status Change Date: 6/14/2023
Estimated Annual Fee Amt: $3,087.00
Sewer: Private Sewer
Association Fee Includes: Electricity, Common Insurance, Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Electroni Locks: Owned
Bank/Institution Owned: No
Listing Restrictions: 1031 Tax Deferred Exch.
Exterior: Shakes,Wood
Extras: Beach Access,Boardwalk to Beach,Cabana,Ceiling Fan(s),Covered Decks,Hot Tub,Jet Tub,Landscaped,Outside Lighting,Outside Shower,Screened Porch,Security System,Smoke Detector(s),Storage Shed,Storm Windows,Sun Deck,Dry Entry,Inside Laundry Room
Fuel Tanks: Leased
HOA Contact Name: Seaside Management
Primary Residence: No
HOA Contact Info: 252-261-1200

Rental Income

There is no rental income information available

Listing Agent Remarks

472 Pipsis Point Rd, "The Summerhouse"; a beautiful, classically styled Pine Island Semi-Oceanfront property, located in a quiet, private setting, one of the best semi-oceanfront positions on the Outer Banks, offering an opulent & open 3,635 sf design, multiple good caliber ocean views, large private pool area with cabana, garage, all well cared for and in good, clean condition...inside & out! The large lot sizes in this area, along with good property spacing, and natural vegetation, provides a tranquil feel and setting, with several wide 'view alleys', all just 300' from the community beach access. Well designed & comfortable floorplan, offering an open & bright great room, with 14' ceilings, extensive floor to ceiling window fenestration, great ocean views, reclaimed antique Heart Pine wood flooring (from original Sears Catalog Building in Chicago, IL), with East and Southern exposure, ample open decking and a great screened porch, with customized wood dining table & a cool serving window pass through to the kitchen. Enjoy breakfast, lunch, or pick some crabs for dinner! This is a clean and comfortable home, with ocean views, easy ocean access, great private pool area with cabana building, in a top notch community....everything guests desire! Along with large comfortable bedrooms, the home design offers multiple (4) common areas, including ground level game room with wet bar and foosball, mid level media room, top level library, and a loft. Conversion of the mid level media room to a 6th bedroom may be possible, subject to County and POA approval, see broker notes. This is an attractive and well maintained property, ready for immediate use and enjoyment, with many upgrades and updates over time; including updated 2023 great room & 3rd floor master bedroom quality Exotic Home furnishings & decor, updated fixtures / lighting, 2023 interior painting, a 2022 'Fortified' Certified Roof w/ certificate, (2) 2021 water heaters, and more. The home is clean, clean, clean, and will be a pleasure to show and own. The ground level provides expanded concrete driveway, mature and low maintenance coastal themed landscaping, full sized garage, carport with dry entry, 2 outside showers, large private pool area with afternoon sun and pool cabana building for shade, game room, twin bedroom, full bath, and laundry. Split level foyer entrance, with composite decking & vinyl railings, then the mid level provides 2 large master suites, bunk room serviced by full hall bath, media room with pull out couch, ample decking on front, side and rear of the home, & hot tub area. Top level offers open great room, 1/2 bath, loft, library room, granite kitchen w/ pantry, fireplace, large master suite w/ high ceilings & transom windows. Owner storage closets on all three levels. This home is fully booked for this summers rental season, providing a perfect time for a new owner to collect seasonal enjoyment & income w/o off season ownership. Owner limits rental availability, offered just from 5/28/23 to 10/1/23. With just 15 weeks of availability, if desired rental income could be increased significantly by providing more availability. Spanning over 3 miles of coastline, the Pine Island community provides one of the quietest sections of beach on the Outer Banks, with a good amenity package, including an outdoor pool, tennis, and basketball facility just a few homes away from this location, and a large oceanfront pool complex as well, security services, and trash bin roll out and in. This home is well positioned almost equal distances from the Town of Duck, accessible by 'off the road' biking paths, and from Tim Buck II and Monterey Plaza shopping and dining, and all Corolla has to offer. Take advantage of this excellent OBX opportunity today and capture summer use, enjoyment, and rental income. Additional photos at: https://www.mylisting.cloud/v2/DWVPOGM/unbra

Directions

Into Northern Pine Island Entrance, left / North of North Cove Rd, Left / North on Pipsis Point, in Cul de Sac.

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 472 Pipsis Point Road in Corolla is provided courtesy of Outer Banks Realty Group . 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 472 Pipsis Point 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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