For more information on this property, contact The Scott Team at 8664388382 or realtors@scottrealtyobx.com

117 Cadwall Road Lot 264
Corolla, North Carolina NC 27927
Sold For: $2,581,250
Listing ID 115937
Status Sold CO OP by Member
Bedrooms 6
Full Baths 6
Total Baths 7
Partial Baths 1
SqFt 4,362
Acres 0.450
Year Built 2000

Property Description:

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

Location Information

Area: Corolla Oceanside
Subdivision: Pine Island Pud
Approximate Lot SqFt: 19779
Roads: Paved, Private
Flood Zone: X
Waterfront Location: Oceanfront
Lot Description: Adj. To Common Area, Beach Frontage, Water Frontage
Water Frontage: 80
Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Common Area

Additional

Bank Owned: no
Potential Short Sale: no
Property Sub Type: Single Family - Detached
Construction: Frame, Wood
County: Currituck
Phase: Phase 8
Primary Residence: no
Rental Company: Carolina Designs
Rental Cottage Number: 873
Rental Turnover Day: Sunday
View Description: Ocean, Park Serv/Preserve, Salt Marsh, Sound
Year Built: 2000
Zoning: SF0

Interior Features

Interior Features: All Window Treatments, Bay/Bow Window, Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Master Bath (Ensuite), Washer Connection
Air Conditioning: Heat Pump, Zoned
Heating: Electric, Heat Pump, Zoned
Kitchen Level: 2
Kitchen Size: Greatroom
Living Room Level: 2
Living Room Size: Greatroom
Bedroom 1 Level: 2
Bedroom 1 Size: Bedroom 1
Bedroom 2 Level: 1
Bedroom 2 Size: Bedroom 2
Bedroom 3 Level: 1
Bedroom 3 Size: Bedroom 3
Bedroom 4 Level: 1
Bedroom 4 Size: Bedroom 4
Bedroom 5 Size: Bedroom 5
Appliances: Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator, Washer, 2nd Dishwasher, 2nd Refrigerator
Countertops: Granite
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
Floor Coverings: Carpet, Tile, Plank
Water: Municipal
Family Room Level: Ground
Family Room Size: Rec. Room
Dining Room Level: 2
Dining Room Size: Greatroom
Optional Rooms: Foyer, Library/Study, Media Room

External Features

Style: Reverse Floor Plan, Coastal
Exterior: Lap Siding, Shakes, Cement Fiber Board
Foundation: Piling, Slab
Sewer/Septic: Municipal Sewer
Parking: Paved
Garage: Carport
Pool: yes
Pool: Outdoor, In Ground, Concrete, Private Pool, Association Pool
Pool Type: Private and Association
Roof: Asphalt/Fiber Shingle

Financial Details

Asking Price Per SqFt: 607.52
Estimated Annual Rental Income: 224370
Advertised Income 2021: 189180
Owner Rental Income 2021: 174780
Furnishings Available: yes
Bill of Sale Amount: 1
Tax Year: 2021
Taxes: 10042
Yearly Expense Actual/Estimated: Actual
Pool/Spa Expense: 6450
Year Cable TV Expense: 2168
Year Electric Expense: 4246
Year Water Expense: 1345
Insurance Expenses: 1580
Wind Insurance: 5256
Association Fee: yes
Estimated Annual Fee: 2941

Zoning Info


Listed by: Charles Rocknak from Beach Realty & Construction - KH North .

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Contact - Listing ID 115937

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The Scott Team

5535 N Croatan Hwy
Southern Shores, NC 27949
Phone: 8664388382
Phone Alt: 2522075272
Fax: 2522614978

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