Closing Price:
$3,495,000
197 Hicks Bay Lane, Corolla, NC 27927
10 bd
10 ba
6973 sq ft
MLS #: 106869
Status: Closed

Sold Details

Status: Closed
Sold Price: $3,200,000.00
Closing Date: 3/20/2020
Off Market Date: 2/7/2020
Contract Date: 2/6/2020
Seller Concessions: Yes
Concession Comments: $16,000 concession
Total Days on Market:
Cumulative Days on Market: 120
Due Diligence Date: 2/27/2020

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 120
Cumulative Days On Market: 120
Listing Price: $3,495,000
Original Listing Price: $3,495,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 3/20/2020
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: 6973
Asking Price Per SqFt: $501.00
Heated Living Area Sq Ft: 6973
BedroomsTotal: 10
Bathrooms Full: 10
Bathrooms Partial: 3
Year Built: 2014
Garage: 2 Car,Attached
Architectural Style: Coastal
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Dryer, Dishwasher, Ice Maker, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer, Wine Cooler
Roof: Asphalt
Parking: Paved
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: Concrete, Custom, Heated Salt, In Ground, Private
Builder Name: Wickre Construction Company
Counter Tops: Granite
Cooling: Central Air
Interior Features: Cathedral Ceiling(s), Pantry, Wet Bar
Heating: Central, Forced Air, Geothermal, Hot Water
Room Type: Breakfast Nook, Foyer, Game Room, Home Theater, Loft, Pantry, Utility Room
Flooring: Carpet, Ceramic Tile, Hardwood, Tile
Construction Materials: Frame

Legal Description

County: Currituck
Subdivision: Pine Island Pud
Deed Book: E
Deed Book Page Number: 395
County Pin Number: 127C00002220000
Price Change: 3/19/2020
Road Surface: Paved, Private
Association Amenities: Clubhouse, Fitness Center, Ocean Access, Outdoor-Comm. Pool, Outdoor-Off Site Tennis

Lot Details

Land Tax Value: 1138200
Total Assessed Value: 2348400
Lot Size Acres: 0.63
Lot Size Square Feet: 27443
Lot Features: Beach Frontage, Cul-De-Sac, Level
Waterfront: Ocean Front
View: Ocean, Sound
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2019
Annual Property Taxes: $13,037.00
Home Oner Insurance Expense: 19072
Flood Zone: X
Flood Insurance Expense: 0
Water Source: Municipal
Yearly Water Expense: 2000
Pool Or Spa Expense: 5000
Yearly Elecric Expense: 6000
Yearly Telephone Expense: 300
Yearly Cable Tv Expense: 3000
Contract Status Change Date: 3/20/2020
Estimated Annual Fee Amt: $4,000.00
Sewer: Shared Septic
Association Fee Includes: Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
Association Fee Yes or No: Yes

Financials

Bank/Institution Owned: No
Exterior: Shakes,Wood
HashTag of Units: 0
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Common Laundry Area,Covered Decks,Elevator,Fenced Yard,Garage Door Opener,Hot Tub,Landscaped,Lawn Sprinklers,Outside Lighting,Outside Shower,Patio,Screened Porch,Security System,Smoke Detector(s),Sun Deck,Inside Laundry Room
HOA Contact Name: Seaside Mgt, 252-261-1200
Primary Residence: No
HOA Contact Info: info@seaside-management.c

Rental Income

Annual Rental Income: 349100
Rental Performance: 0.1091

Listing Agent Remarks

RARE OPPORTUNITY! $349,000 RENTAL INCOME - 4 YEAR AVERAGE!! 2017 Advertised Income of $387,235 or an 11.08% ROI. A stellar investment property, custom-designed by FLOREZ Design Studios, Sea Pearl exudes quality the moment you step over the threshold of its beautiful mahogany front entry. Stunning views of the Atlantic and Currituck Sound. Gorgeous Santos Mahogany flooring throughout, understated elegance and an upscale coastal theme. A whole-house SONOS sound system, inside and out. Every bedroom offers completely unobstructed views of either the Atlantic Ocean or the Currituck Sound. Expansive IPE decks and a spacious screened porch beckon you outside to experience an unparalleled setting nestled between the Audubon Nature Preserve and the Atlantic Ocean. Level 3 includes an oceanfront dining room with a custom chandelier mirroring treasures of the sea; a well-appointed kitchen; a lovely vaulted breakfast room overlooking the sound and the Preserve. A special feature is the westward loft and intimate deck from which to enjoy marvelous sunsets over the Nature Preserve. Level 2 is anchored by an expansive oceanfront game room with a wet bar and fireplace. Level 1 is where the fun truly begins. The main event is a 15-seat state of the art home theater complete with a Kaleidescape streaming movie library. Air hockey, ping pong, game table for 6, wet bar with seating for 5, refrigerator, commercial ice-maker provide all you need for game nights with family and friends. Additional features include a second laundry area, a two-car garage, and two massive storage areas. Beautiful landscaping, a sparkling saltwater pool, and an over-sized hot tub welcome you to the ultimate playground. Built by Wickre Construction for its inaugural season in 2015, Sea Pearl has been immaculately maintained and managed as a luxury home in the Twiddy and Company Premier Home program. See the associated documents for updated revenues. Copy/paste this link to a new browser window to enjoy a video of the home: https://drive.google.com/open?id=1JdAR77VND8NhaV3So1d3Vc3j9bq_ofak

Directions

Turn East off Hwy 12 onto Ogein Drive. Make a right onto Hicks Bay Lane, home is on your left across from the auxiliary parking lot.

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 197 Hicks Bay Lane in Corolla is provided courtesy of Twiddy and Company - Corolla C: 252-333-5310. 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 197 Hicks Bay Lane 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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