NOT LISTED FOR SALE

Estimated Value: $1,735,000 - $2,106,367

5 Beds
5.5 Baths
3,711 Sq Ft
$533/Sq Ft Est. Value

Last Sold December 30, 2013

Last sale price $1,070,000 $288 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $11,600/month

194 Days on Market

Highlights

  • Community Beach Access
  • Health Club
  • In Ground Pool
  • Ocean View
  • Home Theater
  • Cathedral Ceiling

About This Home

As of December 2013

Come see the magical qualities of this gorgeous home located in the prestigious community of Pine Island. “Beach Magic” is not your typical rental home. Custom designed and built by Beach Realty & Construction, this home features spacious rooms, quality construction, and exceptional views of the Atlantic Ocean. This home lives like a Semi-Oceanfront home with direct access to the beach path and ocean. Architecturally well thought out, this home has an interior floor plan which flows well and is great for entertaining or for retreating to your own private space. There are ocean views from almost every room and deck. So come enjoy the ocean views and the ocean breezes from the many decks both open and covered or the screened porch. Or if you prefer, relax by the pool and soak in the hot tub, then head to the beach via the direct access located right outside the backdoor. Kiddie pool, playground and two outside showers make this home a favorite for vacationers. This home offers many options for all including a mid-level sitting room and a must-see living room with beautiful ocean views. Plenty of storage and closets as well as a cozy fireplace, large back yard, and attractive furnishings. Many upgrades in the last few years including new kitchen appliances, granite countertops, and hardwood floors. New exterior paint in May of 2013 and new carpet to be installed June of 2013. Currently in an “x” flood zone. Additionally, the home has an invisible dog fence and is roughed-in for a dumb waiter. Quality throughout, great rental income, amazing location and wonderful views – Voila!

Last Agent to Sell the Property

Jackson Dixon

Beach Realty & Construction License #197501 Listed on: 05/17/2013

Last Buyer's Agent

Sarah Brown

Keller Williams - Outer Banks License #265135

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,905

Year Built

  • Built in 1994

Lot Details

  • Fenced Yard
  • Landscaped

HOA Fees

  • $208 Monthly HOA Fees

Home Design

  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 3,711 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Gas Fireplace
  • Home Theater
  • Library
  • Screened Porch
  • Ocean Views
  • Storm Windows

Kitchen

  • Built-In Oven
  • Built-In Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • Whirlpool Bathtub

Pool

  • In Ground Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 81

Community Details

Overview

  • Built by Beach Realty & Construction
  • Pine Island Pud Subdivision

Recreation

  • Community Beach Access
  • Health Club
  • Tennis Courts
  • Racquetball
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,905

Year Built

Built in 1994

Lot Details

0

HOA Fees

$208 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Extras: Fenced Yard, Hot Tub, Landscaped, Outside Shower, Screened Porch, Storm Windows, Sun Deck, Whirlpool/Spa
  • Flood Zone: X
  • Subdivision Name: Pine Island PUD
  • Heated Sq Ft: 3711
  • Roads: Paved
  • Sale/Rent: For Sale
  • Waterfront Location: 2 - lots from oceanfront (3rd row
  • Zoning: Res
  • Deed Book Pg Number: 817
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Countertop Range, Dishwasher, Microwave, Refrigerator w/Ice Maker, Wall Oven
  • Bedrooms: 5
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Wood
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Gas Fireplace, Ensuite, Pantry
  • Optional Rooms: Library/Study, Office, Media Room
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: Beach Realty & Construction
  • Construction: Frame
  • Exterior: Shakes, Wood
  • Pool: Yes
  • Pool Type: Outdoor, In Ground
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: Carport

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Heat Pump

Condo/Co-op/Association

  • Association Amenities: Health Club, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Racquetball
  • Association Fee: Yes
  • Estimated Annual Fee: 2495

Lot Info

  • Lot Number: Lot 81
  • Deed Book: 331

Rental Info

  • Est Annual Rental Income: 70837
  • Estimated Rental Performance: 0.0662
  • Rental Co: Brindley Beach Vacations
  • Rental Cottage Name: Beach Magic
  • Rental Cottage Number: PI81
  • Rental Phone Number: 261-2222
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 1994

Tax Info

  • Year: 2012
  • Taxes: 4904.63

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2013
Closed on
Dec 30, 2013
Sold by
Abbott Byrd W
Bought by
Vivelo James A and Vivelo Donna M
Seller's Agent
Jackson Dixon
Beach Realty & Construction
Buyer's Agent
Sarah Brown
Keller Williams - Outer Banks
List Price
$1,189,000
Sold Price
$1,070,000
Premium/Discount to List
-$119,000
-10.01%
Current Estimated Value
$1,978,592

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$908,592
Avg. Annual Appreciation
5.40%
Original Mortgage
$570,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Vivelo James A $1,070,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vivelo James A $477,163
Closed Vivelo James A $570,000
Previous Owner Abbott Byrd W $285,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2013 12/30/13 Sold $1,070,000 -10.0% $288 / Sq Ft
11/27/2013 11/27/13 Pending -- -- --
05/17/2013 05/17/13 For Sale $1,189,000 -- $320 / Sq Ft
Source: Outer Banks Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,326 $1,094,500 $530,000 $564,500
2023 $8,326 $1,036,200 $530,000 $506,200
2022 $5,850 $1,036,200 $530,000 $506,200
2021 $5,835 $996,300 $500,000 $496,300
2020 $5,682 $996,300 $500,000 $496,300
2019 $5,682 $996,300 $500,000 $496,300
2018 $5,682 $996,300 $500,000 $496,300
2017 $5,151 $996,300 $500,000 $496,300
2016 $5,151 $996,300 $500,000 $496,300
2015 $5,151 $996,300 $500,000 $496,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 79143

Outer Banks Association of REALTORS®

APN: 127C-000-0081-0000