Listing Details For 476 Island Lead Road in Corolla

Closing Price:
$1,599,000
476 Island Lead Road, Corolla, NC 27927
6 bd
5 ba
3218 sq ft
MLS #: 117631
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,549,000.00
Closing Date: 6/20/2022
Contract Date: 4/10/2022
Seller Concessions: Yes
Concession Comments: 3975.58 for misc repairs
Total Days on Market:
Cumulative Days on Market: 56
Due Diligence Date: 5/15/2022

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 56
Cumulative Days On Market: 56
Listing Price: $1,599,000
Original Listing Price: $1,599,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 6/20/2022
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: 3218
Asking Price Per SqFt: $497.00
Heated Living Area Sq Ft: 3218
BedroomsTotal: 6
Bathrooms Full: 5
Bathrooms Partial: 1
Year Built: 2002
Architectural Style: Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: 2nd Refrigerator, Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer, Wine Cooler
Roof: Asphalt
Parking: Off Street, Paved
Foundation: Piling
Pool: Yes
Pool Type: Private and Association
Pool Features: Association, In Ground, Outdoor Pool, Private
Counter Tops: Granite
Cooling: Central Air, Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s), Pantry, Wet Bar
Heating: Central, Heat Pump, Zoned
Room Type: Game Room
Flooring: Plank
Construction Materials: Frame

Legal Description

County: Currituck
Subdivision: Pine Island Pud
Subdivision Name: Pine Island
Deed Book: 1490
Deed Book Page Number: 85
County Pin Number: 127C00001640000
Price Change: 6/19/2022
Road Surface: Paved, Private
Association Amenities: Clubhouse, Fitness Center, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Racquetball

Lot Details

Lot Size Acres: 0.48
Lot Size Dimensions: see survey in assoc docs
Lot Size Square Feet: 20735
Lot Features: Cul-De-Sac, Level
Waterfront: 4 - lots from oceanfront (5th row)
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2021
Annual Property Taxes: $4,455.00
Flood Zone: X
Water Source: Municipal
Contract Status Change Date: 6/20/2022
Estimated Annual Fee Amt: $2,920.00
Sewer: Shared Septic
Association Fee Includes: Common Insurance, Management, Pool, Security, Tennis Courts
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Electroni Locks: Leased
Bank/Institution Owned: No
Exterior: Cement Fiber Board
HashTag of Units: 0
Extras: Beach Access,Ceiling Fan(s),Covered Decks,Hot Tub,Jet Tub,Outside Lighting,Outside Shower,Patio,Smoke Detector(s),Sun Deck
Fuel Tanks: Leased
HOA Contact Name: Seaside Realty
Primary Residence: No
HOA Contact Info: 252-261-1200

Rental Income

Annual Rental Income: 105000
Rental Performance: 0.0678
Owner Renatl Income 2022 Amount: 93378
Avertised Income 2021 Amount: 101778
Owner Rental Income 2021 Amount: 85865
Avertised Income 2021 Amount: 99462

Listing Agent Remarks

You won't want to miss this rare find...an UPDATED home in exclusive Pine Island situated on a cul-de-sac and just one lot from the beach access! The community pool and tennis are just a short walk away! This 6 bedroom 5.5 bath home has been updated throughout with new furnishings, NEW LVP FLOORING IN GREAT ROOM, and all the trim throughout painted white! The upper level features an open great room with deck access, exterior table for dining, kitchen with granite counter tops and bar, 2 dishwashers, gas stove, large dining area with windows galore, half bath, king En-suite Bedroom with deck access and private bath with whirlpool tub and separate tiled shower! The mid level features a second en suite bedroom with private bath featuring a whirlpool tub and separate tiled shower, a 3rd en suite bedroom with deck access, and two bedrooms for the kids with a shared full bath. All bedrooms on this level offer deck access! The ground level features a junior master bedroom with a semi-private full bath (shared with Rec room). The rec room features a pool table, wet bar with full size fridge and access to the pool area! This home is packed with amenities, including an extra large private pool which is 16 x 32, one of the largest in Pine Island and on a very private lot (one of the few in Pine Island where you can’t see another house while in the pool), a Tiki bar, hot tub and hammock, outside shower, furnished decks with rocking chairs and hammocks, and outdoor grill. Recent updates include NEW Luxury Vinyl Plank flooring top level, NEW 14 Seer 4Ton heat pump top level NEW interior paint including all Trim, ceilings, and walls, NEW 55in mounted top level smart tv, NEW & updated seating top level including sofas & chairs, NEW commercial grade poolside lounge chairs and Adirondack chairs. Additional updates include bedroom furnishings including quilts, blankets, throw pillows, bed pillows, mattress pads, updated bathroom furnishings including shower curtains, updated wall décor and accents in all rooms. RENTAL INCOME IS 100K gross if you add back in the weeks owners used for themselves!

Directions

Rt 12, turn E on Black Pine Rd, take a left onto N Cove Rd, then take a left onto Island Lead Rd. Home in on left 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 476 Island Lead Road in Corolla is provided courtesy of Brindley Beach Vacations-Duck C: 252-489-9540. 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 476 Island Lead 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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