Listing Details For 422 Myrtle Pond Road in Corolla
Closing Price:
$1,049,000
$1,049,000
422 Myrtle Pond Road,
Corolla, NC 27927
8 bd
7 ba
4498 sq ft
MLS #: 105325
Status: Closed
Sold Details
Status: Closed
Sold Price: $1,010,000.00
Closing Date: 4/20/2020
Contract Date: 2/12/2020
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 260
Due Diligence Date: 3/13/2020
Listing Information
Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 259
Cumulative Days On Market: 260
Listing Price: $1,049,000
Original Listing Price: $1,099,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 4/21/2020
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell
Building Details
Primary Heated Living Area Sq Ft: 4498
Asking Price Per SqFt: $233.00
Heated Living Area Sq Ft: 4498
BedroomsTotal: 8
Bathrooms Full: 7
Bathrooms Partial: 2
Year Built: 1998
Architectural Style: Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Refrigerator, Dryer, Dishwasher, Microwave, Refrigerator, Range/Oven, Washer
Roof: Asphalt
Parking: Off Street, Paved
Pool: Yes
Pool Type: Private and Association
Pool Features: Association, Heated, In Ground, Outdoor Pool, Private
Cooling: Central Air, Heat Pump
Interior Features: Wet Bar
Heating: Central, Heat Pump
Room Type: Breakfast Nook, Game Room
Flooring: Carpet, Ceramic Tile, Hardwood
Legal Description
County: Currituck
Subdivision: Pine Island Pud
Deed Book: 1121
Deed Book Page Number: 740
County Pin Number: 127C00001060000
Price Change: 4/20/2020
Road Surface: Paved
Association Amenities: Common Area, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Park
Lot Details
Lot Features: Level
Waterfront: 3 - lots from oceanfront (4th row)
View: Ocean, Pond
Property Type: Residential
Property Expenses & Utilities
Tax Year: 2019
Annual Property Taxes: $5,339.00
Home Oner Insurance Expense: 1683
Flood Zone: X
Flood Insurance Expense: 757
Wind Insurance: 5349
Water Source: Municipal
Yearly Water Expense: 1041
Pool Or Spa Expense: 3200
Yearly Elecric Expense: 4800
Yearly Cable Tv Expense: 3264
Contract Status Change Date: 4/21/2020
Estimated Annual Fee Amt: $2,620.00
Sewer: Shared Septic
Septic Fee: 504
Association Fee Yes or No: Yes
Financials
Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Extras: Beach Access,Ceiling Fan(s),Covered Decks,Hot Tub,Outside Shower,Smoke Detector(s),Tiki Bar,Dry Entry,Inside Laundry Room
HOA Contact Name: SEASIDE MANAGEMENT
Primary Residence: No
HOA Contact Info: 252-261-1200
Rental Income
Annual Rental Income: 132290
Rental Performance: 0.131
Listing Agent Remarks
ALREADY OVER $100K ON THE BOOKS FOR 2020. STRONG rental investment with $131,735 in Rents for 2019 in the prestigious neighborhood of Pine island, just steps from the beach. (4-5 minute walk) Over 12% Rental income ratio. X Flood Zone-- no flood insurance required. Backs up to open space for privacy. All the amenities that renters appreciate including heated private pool, hot tub, tiki bar, volleyball court, gameroom, covered decks, and plenty of indoor and outdoor areas to relax and enjoy being at the beach. Whether it's watching sunrise with your coffee off the one of the front decks, or catching the sunset while in the hot tub, this home is a great coastal retreat and solid investment opportunity. Very well-maintained, the home boasts eight bedrooms total, six of which are masters with a private bath, and a reverse floor plan with a comfortable living room/dining room/kitchen on the top level.
Directions
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