Closing Price:
$2,295,000
$2,295,000
121 Salt House Road,
Corolla, NC 27927
9 bd
9 ba
5664 sq ft
MLS #: 108237
Status: Closed
Sold Details
Status: Closed
Sold Price: $2,150,000.00
Closing Date: 11/3/2020
Contract Date: 8/31/2020
Seller Concessions: Yes
Concession Comments: Monetary concessions given for repairs.
Total Days on Market:
Cumulative Days on Market: 3888
Due Diligence Date: 10/10/2020
Listing Information
Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 3888
Cumulative Days On Market: 3888
Listing Price: $2,295,000
Original Listing Price: $2,375,000
Short Sale: No
Price Date: 11/3/2020
Furnishing Available: Yes
Bill Of Sale Amount: No
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell
Building Details
Primary Heated Living Area Sq Ft: 5664
Asking Price Per SqFt: $405.00
Heated Living Area Sq Ft: 5664
BedroomsTotal: 9
Bathrooms Full: 9
Bathrooms Partial: 3
Year Built: 2002
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Countertop Range, Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Washer, Wall Oven
Roof: Asphalt
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: Concrete, In Ground, Private
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s)
Heating: Central, Heat Pump
Room Type: Game Room, Home Theater, Office
Legal Description
County: Currituck
Subdivision: Pine Island Pud
Deed Book: 991
Deed Book Page Number: 228
County Pin Number: 127C00002620000
Price Change: 11/2/2020
Road Surface: Paved
Association Amenities: Outdoor-Comm. Pool
Lot Details
Lot Size Acres: 0.4
Lot Size Square Feet: 17600
Waterfront: Ocean Front
View: Ocean, Sound
Property Type: Residential
Property Expenses & Utilities
Tax Year: 2019
Annual Property Taxes: $9,791.00
Home Oner Insurance Expense: 2482
Flood Zone: X
Wind Insurance: 9280
Water Source: Municipal
Yearly Water Expense: 1500
Pool Or Spa Expense: 2700
Yearly Elecric Expense: 6500
Yearly Cable Tv Expense: 2452
Contract Status Change Date: 11/3/2020
Estimated Annual Fee Amt: $3,036.00
Sewer: Shared Septic
Association Fee Includes: Pool, Road Maintenance, Sewer/Septic
Association Fee Yes or No: Yes
Financials
Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Cement Fiber Board
Extras: Beach Access,Boardwalk to Beach,Covered Decks,Elevator,Hot Tub,Outside Shower,Inside Laundry Room
HOA Contact Name: Pine Island HOA
Primary Residence: No
HOA Contact Info: Pine Island HOA
Rental Income
Annual Rental Income: 255012
Rental Performance: 0.1186
Listing Agent Remarks
Consistently grossing $255,000 in rental income per year. It has one of the highest rental return rates of any home in Corolla. If you're looking for a proven, turn-key Outer Banks investment, this is the one. All of the major systems (roof, HVAC, appliances and pool) have been replaced or upgraded in the past three years. Everything is done for you, including a decor and furniture upgrade in 2019. Nine bedrooms, nine full bathrooms, three half baths, elevator, pool, hot tub, game room, media room, office and more. The pristine panoramic views of the ocean AND the sound are unbeatable! Plus, this property lies in an X-flood zone, so flood insurance is not required! The ground level features four master bedrooms, a game room, kitchenette, powder room and laundry room. The game room has sliders that open up to the fenced-in pool deck, large pool, hot tub and outside showers. The mid-level features four more master bedrooms with ocean and sound views, and a large theater room. The top level showcases amazing sunrises over the ocean and breathtaking sunsets over the sound. There is a master bedroom on this level with ocean views, and a large, well-appointed master bathroom with both ocean and sound views. The gourmet kitchen features granite counter tops, stainless steel appliances, double ovens, two dishwashers, and a large island for extra prep space and seating. The kitchen opens up to the great room with cathedral ceilings and ample windows to showcase the views and let in natural light. The large dining area has views of the ocean and of the Currituck Sound that spans for miles over the undeveloped land to the west. There is a powder room and an office area with views also on this level. Over 65k in updates were completed in 2017/2018 including a new roof, pool upgrade and many more. A new HVAC system was installed in 2019. Contact listing agent for a full list of updates and upgrades. Turn-key and fully furnished. Almost $240,000 in rental income on the books for 2020!
Directions
Take the south entrance to Salt House Road and you'll see the house as soon as you turn in.Official MLS Disclaimer
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Program of the Outer Banks Association of REALTORS. This property located at 121 Salt House Road in Corolla is provided
courtesy of Keller Williams - Outer Banks C: 252-599-7250. Information is believed to be accurate but is not
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properties consumers may be interested in purchasing. If this page disappears from this site it
means the property at 121 Salt House Road 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
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