Closing Price:
$1,499,000
795 Mercury Road, Corolla, NC 27927
7 bd
6 ba
3880 sq ft
MLS #: 117202
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,504,000.00
Closing Date: 4/11/2022
Off Market Date: 2/14/2022
Contract Date: 2/20/2022
Seller Concessions: Yes
Concession Comments: $10,000 credit to buyer for repairs.
Total Days on Market:
Cumulative Days on Market: 137

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 136
Cumulative Days On Market: 137
Listing Price: $1,499,000
Original Listing Price: $1,499,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 4/12/2022
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: 3880
Asking Price Per SqFt: $386.00
Heated Living Area Sq Ft: 3880
BedroomsTotal: 7
Bathrooms Full: 6
Bathrooms Partial: 2
Year Built: 2001
Garage: Carport
Architectural Style: Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Refrigerator, Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer
Roof: Asphalt
Parking: Off Street, Underground
Foundation: Piling, Slab
Pool: Yes
Pool Type: Private and Association
Pool Features: Association, In Ground, Outdoor Pool, Private
Counter Tops: Granite
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s), Walk-In Closet(s), Wet Bar
Heating: Central, Heat Pump
Room Type: Foyer, Game Room
Flooring: Engineered Wood, Tile
Construction Materials: Frame, Wood Siding

Legal Description

County: Currituck
Subdivision: BI-Buck Island
Subdivision Name: Buck Island P.U.D.
Deed Book: 1219
Deed Book Page Number: 771
County Pin Number: 116B00000370000
Price Change: 4/11/2022
Road Surface: Paved, Private
Association Amenities: Board Walk, Common Area, Gated, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground

Lot Details

Lot Size Acres: 0.34
Lot Size Square Feet: 14850
Lot Features: Bulkheaded, Cul-De-Sac, Waterfront
Lot Faces: E
Waterfront: 2 - lots from oceanfront (3rd row
View: Canal, Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2021
Annual Property Taxes: $4,396.00
Home Oner Insurance Expense: 5937
Flood Zone: X
Flood Insurance Expense: 985
Water Source: Municipal
Yearly Water Expense: 1234
Yearly Expense: Estimated
Yearly Elecric Expense: 3900
Contract Status Change Date: 4/12/2022
Estimated Annual Fee Amt: $3,600.00
Sewer: Public Sewer
Septic Fee: 1577
Association Fee Includes: Electricity, Common Insurance, Maintenance Grounds, Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
Association Fee Yes or No: No - Restrictive Covenants May Apply

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Cement Fiber Board,Lap Siding
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Hot Tub,Landscaped,Outside Lighting,Outside Shower,Sun Deck,Tiki Bar,Dry Entry,Inside Laundry Room
HOA Contact Name: Signature Touch Property Mgmt
Primary Residence: No
HOA Contact Info: 252-441-8857

Rental Income

Annual Rental Income: 112400
Rental Performance: 0.0747
Owner Renatl Income 2022 Amount: 75464
Avertised Income 2021 Amount: 81712
Owner Rental Income 2021 Amount: 77816
Avertised Income 2021 Amount: 87383

Listing Agent Remarks

795 Mercury Road; this is a rare 7 bedroom opportunity within Corolla's most prestigious community, Buck Island. Offering 7 bedrooms, 7 baths, with large private pool & spa, recreation / pool table room, Ocean Views, ample decking, all just steps away from the beautiful beach, this home offers everything guests and owners desire. Buck Island is the premier Outer Banks neighborhood, a private enclave with gated entrance, curbed / tree lined / side-walked streets, quality & attractive surrounding properties, large community pool, tennis courts, playground, bathhouse and beach access, and wide beautiful beach. In this third row back location, "The Aegean C" offers ocean views, is just a short walk to the beach, via sidewalks to the community pool & amenities, and to TimBuck II & Monteray Plaza for shopping and dining... park your car for the week! Also Buck Island is one of the only golf cart friendly communities around. This custom designed home offers a bright open great room, is rear loaded focusing on the ocean, it's private pool, the pond front setting, and provides comfortable spaces for all inside and out, with ample open and shaded decking. Beautifully landscaped, with sodded & irrigated grounds, lush flower and plant beds, and landscaping rock under and around home perimeter. Above average sized pool and pool area. No / low traffic cul-de-sac and it's own private driveway with ample parking (as opposed to shared driveways). This is a quality built home, with granite kitchen counters and stone backsplash, Luxury Vinyl Tile & tile floors, custom trim package, fresh exterior paint, gutter installations, etc. Well cared for and maintained by attentive owners, and ready for a new family to enjoy. Offered fully furnished, including plenty of outdoor furniture, including high quality polywood furniture pieces. This Buck Island home provides a great East Coast coastal opportunity, in a top flight private community, schedule your personal or virtual showing today! Rental Projection in Associated Documents. With all the features vacationers desire, this is a very popular rental property. Rental income reflects the owners personal use of the home during the season as well as off season blocks, so availability of the property and rental income could be increased. Additionally, rental rates were kept low, but have been increased for 2022. Rental reports and rental projections available in associated documents. Consider this property and neighborhood for your Outer Banks home, and act quickly to capture the summer rental income and/or enjoyment!

Directions

Enter community, 3rd left on Mercury, on the Right.

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 795 Mercury Road in Corolla is provided courtesy of Outer Banks Realty Group . 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 795 Mercury 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 252-441-3416 OR 800-647-1868.
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