467 PIPSI POINT ROAD, COROLLA, NC 27927

467 Pipsi Point Road
Corolla, NC 27927

$1,450,000

Beds: 6
Baths: 4 | 2
Sq. Ft.: 3,400
Listing #89972
"Moonlight Serenade" is classic PINE ISLAND OCEANFRONT with excellent rental history--over 10% ROI! Completely furnished, elegantly appointed and walk-in ready with $156,831 in 2016 gross income! SELLER GOING BACK TO PET-RENTAL FOR 2018! Excellent price for Pine Island oceanfront! See February 2017 Appraisal value over $1,500,000! ALL NEW CARPET & WOOD FLOORING and NEW DECK RAILINGS, also NEW mid-level TV/sitting area furnishings! This 6-bedroom stunner with AMAZING OCEAN VIEWS generates consistently great income and guests love Pine Island's community AMENITIES. A true vacation guest-pleaser and listed over $300,000 BELOW County tax assessment. Owning a beach house is easy with so much rental income at your disposal. Inviting beautiful TILE foyer/entrance and covered front rocking porch. Ample oceanside covered porches. Huge, private solid-surface POOL with stamped concrete surround. Multiple KING MASTERS. All baths have double vanities, WCs and CUSTOM PAINT finishes. Mid-level sitting area for added COMFORT. This is a must-see property! NEW living area window treatments and ice maker at wet bar.
Property Features
Location Information
County: Currituck
MLS Area: Corolla Oceanside
Subdivision: Pine Island Pud
Directions: East on Black Pine, Left on North Cove, Left on Pipsi Point, house on right
Interior Features
Interior: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Master Bath, Pantry, Washer Connection, Wet Bar
Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground
Heating: Heat Pump
Cooling: Central, Heat Pump
Floors: Carpet, Tile, Wood
Appliances: Dishwasher, Dryer, Range/Oven, Refrigerator w/Ice Maker, Washer
Furnishing Available: Yes
Exterior Features
Style: Contemporary
Construction: Frame, Wood
Exterior: Shakes, Wood
Foundation: Piling, Slab
Roof: Asphalt/Fiber Shingle
Septic or Sewer: Community Septic
Water Access: Municipal
Parking Description: Paved, Off Street
Has a Pool: yes
Pool Description: Outdoor, In Ground, Concrete, Private Pool
Lot Faces: E
Lot Description: Beach Frontage, Cul-de-sac, Water Frontage
Lot Size in Acres: 0.661
Lot Size in Sq. Ft.: 28, 800
Dimensions: 90 x 320
Road Description: Paved, Private
Street Frontage: 90
Water Frontage: 90
Waterfront Description: Oceanfront
View Description: Ocean, Park Serv/Preserve
Additional Information
Ownership: Owned More than 12 Months
Is Primary Residence: No
Value: Total Assessed Value: 1758600, Land Value: 1315900
Income: Current Year Owner Rental Income: 145434, Current Year Gross Rental Income: 156831, Previous Year Owner Rental Income: 133850, Previous Year Gross Rental Income: 144409, Annual Rental Income: 156831
Property Type: SFR
Property SubType: Single Family - Detached
Year Built: 1994
Status: Active
Is an REO: No
Is Short Sale: No
Original Price: $1600000
HOA Fee: 2, 500
HOA Fee: Yes
Tax Year: 2015
Tax Amount: 8, 600
Extras: Beach Access, Boardwalk to Beach, Covered Decks, Fenced Yard, Hot Tub, Sun Deck, Whirlpool/Spa, Dry Entry
Garage Description: Carport


$ per month
Year Fixed. % Interest Rate.
Principal + Interest: $
Monthly Tax: $
Monthly Insurance: $
Term
yrs
Interest Rate
 % 
Down Payment
$
List Price:
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Seller's Representative: Terry Cremia, Shore Realty
Copyrighted 2017 by Outer Banks Association of REALTORS®. All Rights Reserved. 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®. Real estate listings include the name of the brokerage and listing agents. IDX information is provided 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. All data is deemed reliable but is not guaranteed accurate.
Outer Banks data last updated at December 16, 2017 6:02 PM ET