Listing Details For 117 Cadwall Road in Corolla

Closing Price:
$2,650,000
117 Cadwall Road, Corolla, NC 27927
6 bd
6 ba
4362 sq ft
MLS #: 115937
Status: Closed

Sold Details

Status: Closed
Sold Price: $2,581,250.00
Closing Date: 3/2/2022
Contract Date: 1/31/2022
Seller Concessions: Yes
Concession Comments: Seller Paid $30,000 towards Buyers Closing Costs for items found on the Home & Pool/Spa Inspections
Total Days on Market:
Cumulative Days on Market: 152
Due Diligence Date: 2/21/2022

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 152
Cumulative Days On Market: 152
Listing Price: $2,650,000
Original Listing Price: $2,988,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 1/18/2022
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: 4362
Asking Price Per SqFt: $608.00
Heated Living Area Sq Ft: 4362
BedroomsTotal: 6
Bathrooms Full: 6
Bathrooms Partial: 1
Year Built: 2000
Garage: Carport
Architectural Style: Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Dryer, Dishwasher, Ice Maker, Microwave, Refrigerator, Range/Oven, Washer
Roof: Asphalt
Parking: Paved
Foundation: Piling, Slab
Pool: Yes
Pool Type: Private and Association
Pool Features: Concrete, Association, In Ground, Outdoor Pool, Private
Counter Tops: Granite
Cooling: Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s)
Heating: Electric, Heat Pump, Zoned
Room Type: Foyer, Library, Media Room
Flooring: Carpet, Plank, Tile
Construction Materials: Frame, Wood Siding

Legal Description

Phase: Phase 8
County: Currituck
Subdivision: Pine Island Pud
Deed Book: 1382
Deed Book Page Number: 530
County Pin Number: 127C00002640000
Price Change: 3/1/2022
Road Surface: Paved, Private
Association Amenities: Common Area, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground

Lot Details

Lot Size Acres: 0.45
Lot Size Square Feet: 19779
Lot Features: Adj. To Common Area, Beach Frontage, Waterfront
Water Frontage: 80
Waterfront: Ocean Front
View: Ocean, Park/Greenbelt, Sound, Salt Marsh
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2021
Annual Property Taxes: $10,042.00
Home Oner Insurance Expense: 1580
Flood Zone: X
Wind Insurance: 5256
Other Expenses 3: 296
Water Source: Municipal
Yearly Water Expense: 1345
Other Yearly Expense: 1270
Pool Or Spa Expense: 6450
Yearly Expense: Actual
Yearly Elecric Expense: 4246
Yearly Cable Tv Expense: 2168
Contract Status Change Date: 3/2/2022
Estimated Annual Fee Amt: $2,941.00
Sewer: Public Sewer
Septic Fee: 505
Other Expenses 2: 1570
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Cement Fiber Board,Lap Siding,Shakes
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Hot Tub,Jet Tub,Outside Lighting,Outside Shower,Security System,Smoke Detector(s),Sun Deck,Dry Entry
HOA Contact Name: Seaside Management
Primary Residence: No
HOA Contact Info: 252-261-1200

Rental Income

Annual Rental Income: 224370
Rental Performance: 0.0869
Owner Renatl Income 2022 Amount: 190810
Avertised Income 2021 Amount: 206110
Owner Rental Income 2021 Amount: 174780
Avertised Income 2021 Amount: 189180

Listing Agent Remarks

Welcome to Carolina Sunset! Many oceanfront homes have a wonderful view of the ocean and of the sun rising over it in the morning, but only a select few can say that they also have a sunset view. Carolina Sunset is a very rare property in that it provides unobstructed panoramic vistas across the Audubon Society Sanctuary that extend to sweeping big water views of the Currituck Sound and then those magical sunsets! As the owner of this property, you have a multitude of opportunities to enjoy these views from the vast oceanfront and sound side decks. To let you know just special they are, the top-level master bedroom has a private oceanfront sunrise (coffee) deck, and its bathroom has a private sound side sunset (adult beverage) deck! Enjoy your privacy or like room to spread out? This portion of Pine Island is only one property deep which means fewer people on the beach! Moving inside the home, the rooms are very spacious and there are multiple entertainment zones if your crew doesn’t wish to gather in one group. This beautiful home has been lovingly cared for by the Owners; Please see the information in Associated Documents for the extensive list of updates/upgrades. A few other noteworthy items would be that the house is in an X Flood Zone; there is 20’ of Open Space to the North of the property and rental income of $189,180 in 2021 with $206,110 already on the books for 2022! Rental Projection for $221,080 to $235,200 for 2023, see Associated Documents for details. Please checkout Matterport 3D Virtual Tour link or copy and paste this following text into your web browser: https://my.matterport.com/show/?m=sdW5qdB2oBm&mls=1

Directions

Take the 2nd right after you cross the Dare/Currituck County line, which is the first Cadwall Road. Go to the end and the home will be the last driveway on your right before Cadwall Road intersects back with Ocean Trail.

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 117 Cadwall Road in Corolla is provided courtesy of Beach Realty & Construction - KH North charles@charlesrocknak.com. 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 117 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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