Closing Price:
$2,400,000
$2,400,000
1247 Atlantic Avenue,
Corolla, NC 27927
5 bd
3 ba
4702 sq ft
MLS #: 119150
Status: Closed
Sold Details
Status: Closed
Sold Price: $2,125,000.00
Closing Date: 4/6/2023
Off Market Date: 1/23/2023
Contract Date: 2/21/2023
Seller Concessions: Yes
Concession Comments: $1,500.
Total Days on Market:
Cumulative Days on Market: 258
Due Diligence Date: 3/23/2023
Listing Information
Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 258
Cumulative Days On Market: 258
Listing Price: $2,400,000
Original Listing Price: $2,990,000
Short Sale: No
Price Date: 4/6/2023
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: 4702
Asking Price Per SqFt: $510.00
Heated Living Area Sq Ft: 4702
BedroomsTotal: 5
Bathrooms Full: 3
Bathrooms Partial: 2
Year Built: 1989
Garage: 1 Car,Attached,Carport
Garage Sq Ft: 600
Architectural Style: Craftsman, Coastal
Sub Type: Single Family Residence
Appliances: Countertop Range, Disposal, Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Washer, Wall Oven
Roof: Asphalt
Parking: Paved, Underground
Foundation: Piling, Slab
Pool: Yes
Pool Type: Private
Pool Features: Fiberglass, In Ground, Private
Builder Name: Pete Hunter
Counter Tops: Granite,Solid Surface
Cooling: Central Air
Interior Features: Cathedral Ceiling(s), Cedar Closet(s), Pantry, Walk-In Closet(s)
Heating: Central, Electric
Room Type: Foyer, Sun/Florida Room, Shipswatch, Utility Room, Workshop
Flooring: Carpet, Ceramic Tile, Wood
Construction Materials: Frame
Legal Description
Section: 1
County: Currituck
Subdivision: Ocean Hill
Deed Book: 1423
Deed Book Page Number: 528
County Pin Number: 114C00000370001
Price Change: 4/5/2023
Road Surface: Paved
Association Amenities: Ocean Access
Lot Details
Lot Size Acres: 0.65
Lot Size Dimensions: 28220
Lot Size Square Feet: 28220
Lot Features: Beach Frontage, Waterfront
Waterfront: Ocean Front
View: Ocean
Property Type: Residential
Property Expenses & Utilities
Tax Year: 2022
Annual Property Taxes: $7,785.00
Home Oner Insurance Expense: 7623
Flood Zone: X
Water Source: Municipal
Yearly Water Expense: 626
Pool Or Spa Expense: 1975
Yearly Elecric Expense: 2804
Yearly Cable Tv Expense: 948
Contract Status Change Date: 4/6/2023
Estimated Annual Fee Amt: $344.00
Sewer: Septic Tank
Association Fee Yes or No: Yes
Financials
Bill Of Sale Amoung: 1
Electroni Locks: None
Bank/Institution Owned: No
Exterior: Lap Siding,Wood
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Fenced Yard,Hot Tub,Outside Lighting,Outside Shower,Sun Deck,Dumbwaiter/Lift,Roof Top Deck,Dry Entry,Inside Laundry Room
Fuel Tanks: Leased
HOA Contact Name: Kris Hazzard
Primary Residence: No
HOA Contact Info: oceanhill@vrobx.com
Rental Income
Annual Rental Income: 225000
Rental Performance: 0.1059
Listing Agent Remarks
Unique Oceanfront Estate with Magnificent Ocean Views. This Craftsman-Style Cottage is situated on a Elevated 28,000 Sq Ft Lot and in an X Flood Zone! (Flood Insurance optional) Custom architectural woodwork, including stunning antique heart Pine "peg" wood floors. Designed to capture views of the Atlantic Ocean on every level. Step into the impressive 3-story Foyer with custom Juniper wood ceilings, plantation shutters, & showcasing wide custom wood stairs with Fir handrails, that lead to an open floor plan. The great room offers 2 stories of soaring windows with ocean views, Cypress wood cathedral ceilings and an impressive stone, gas fireplace, with an oceanside Catwalk -- a RARE feature -- that leads to an oceanside balcony. Gaze at the ocean from the gourmet kitchen with large kitchen island and Oak floors, gas countertop range, plantation shutters, and beautiful Spanish tile. You will also find custom cabinetry and bar for entertaining guests. Enter the massive Master Suite through arched doorways, offering an ocean-view sitting area. The impressive Master Bathroom features a clawfoot tub, double vanity, & a spacious tiled, glass shower with a teak bench, cedar lined closets, and Bidet. All of the other bedrooms and bathrooms are spacious, with large closets and room for expansion. Relax & enjoy the Ocean breeze from your Private Pool (Installed 2018), Hot Tub (2018), Covered Decks, and Personal Beach Boardwalk (recently remodeled). Notable features include a Ship's Watch on the 4th floor, with private balcony and rooftop deck, offering spectacular ocean views, plantation shutters that are found throughout the home, custom woodwork, arched doors, and an oversized garage/workshop, that could be made into a Game Room. Located in the desirable Ocean Hill subdivision. Did I mention, it is SOLD FURNISHED!!! New Trane HVACs Installed 2019 & 2022. New Septic System 2017. New Anderson windows 2022, new gas fireplace 2022, exterior painted 2022, new hot water heaters 2022. Decks repaired and painted, 2022. Confirmed Room for Elevator. Projected to generate $225,000. ***Already booked over $152,000. for 2023 season!
Directions
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