Closing Price:
$2,695,000
$2,695,000
1241 Atlantic Avenue,
Corolla, NC 27927
8 bd
8 ba
4909 sq ft
MLS #: 120756
Status: Closed
Sold Details
Status: Closed
Sold Price: $2,600,000.00
Closing Date: 3/16/2023
Contract Date: 2/8/2023
Seller Concessions: Yes
Concession Comments: 17,000 Seller Credit
Total Days on Market:
Cumulative Days on Market: 93
Due Diligence Date: 3/10/2023
Listing Information
Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 93
Cumulative Days On Market: 93
Listing Price: $2,695,000
Original Listing Price: $2,995,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 3/16/2023
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: 4909
Asking Price Per SqFt: $549.00
Heated Living Area Sq Ft: 4909
BedroomsTotal: 8
Bathrooms Full: 8
Bathrooms Partial: 1
Year Built: 1991
Architectural Style: Contemporary, Reverse Floor Plan, Victorian
Sub Type: Single Family Residence
Appliances: 2nd Refrigerator, Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven
Roof: Asphalt
Parking: Underground
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: Outdoor Pool, Private
Cooling: Central Air, Heat Pump
Heating: Central, Electric, Heat Pump
Flooring: Carpet, Tile
Construction Materials: Frame
Legal Description
County: Currituck
Subdivision: Ocean Hill
Deed Book: 1321
Deed Book Page Number: 834
County Pin Number: 114C00000340001
Price Change: 3/15/2023
Road Surface: Paved
Association Amenities: Ocean Access
Lot Details
Lot Size Acres: 0.8
Lot Size Dimensions: 100x350
Lot Size Square Feet: 35000
Lot Features: Beach Frontage
Water Frontage: 100
Waterfront: Ocean Front
View: Ocean
Property Type: Residential
Property Expenses & Utilities
Tax Year: 2022
Annual Property Taxes: $8,296.00
Home Oner Insurance Expense: 1758
Flood Zone: VE
Flood Insurance Expense: 822
Wind Insurance: 7942
Other Insurance: 432
Other Expenses 3: 635
Water Source: Municipal
Yearly Water Expense: 940
Other Yearly Expense: 252
Pool Or Spa Expense: 4025
Yearly Expense: Actual
Yearly Elecric Expense: 4400
Yearly Cable Tv Expense: 3735
Contract Status Change Date: 3/16/2023
Estimated Annual Fee Amt: $344.00
Sewer: Septic Tank
Septic Fee: 880
Association Fee Includes: Road Maintenance, Walkways
Other Expenses 2: 420
Association Fee Yes or No: Yes
Financials
Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Shakes,Wood
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Elevator,Gazebo,Hot Tub,Landscaped,Outside Shower,Smoke Detector(s),Sun Deck,Dry Entry,Inside Laundry Room
Fuel Tanks: Leased
HOA Contact Name: Village Realty OBX/Patty Morri
Primary Residence: No
Street Frontage : 100
HOA Contact Info: 252-248-3061 pattym@vrobx
Rental Income
Annual Rental Income: 305070
Rental Performance: 0.1173
Owner Renatl Income 2022 Amount: 188061
Avertised Income 2021 Amount: 196400
Owner Rental Income 2021 Amount: 162689
Avertised Income 2021 Amount: 170945
Listing Agent Remarks
Situated in the sought-after community of Ocean Hill, this grand oceanfront estate will captivate you at every turn. Stunning architectural features abound in this Victorian style reverse floor plan with breathtaking ocean views highlighted throughout the property. When arriving at this prime location, you are greeted with extra parking for all guests and access to a covered ground-level access that yields extensive storage, laundry, game room, covered entertaining areas, and access to a large elevator. Turn on vacation mode as you treat yourself to a full entertaining space complete with foosball, shuffleboard, wet bar, and access to the private pool, outdoor showers, hot tub, and a generous outdoor entertainment space. When entering from the main stairs of this home, you will be welcomed on the expansive open porch into a Main Level foyer leading you to a thoughtfully designed Den entertaining area complete with additional wet bar, access to the back deck and private walkway to the ocean complete with resort style views of the dunes and outdoor entertaining areas. This level offers 5 bedrooms with ensuites as well as an additional duo bunk room and hall bath. The top level offers a fresh design with upgraded, modern kitchen and entertaining areas. The sun-room on this level is a true pleasure offering a rounded bump out providing the perfect opportunity to enjoy the view in the relaxing spa-like environment. There are two additional ensuites on this level with soaking tubs situated perfectly for ultimate privacy. The Owner’s suite on this level features additional handicap accessible features. Each bedroom emphasizes the ocean views perfectly. When retreating to the outside; you will enjoy pool, plenty of relaxing space, a hot tub, and easy access to your private walkway to the ocean and gazebo. You will want for nothing in this beautifully decorated home with all major improvements awaiting your full enjoyment today! New Elevator installed in 2019, kitchen and bath renovations complete, and all HVAC units installed within the last two years. You will not want to miss the opportunity to enjoy this estate with family and friends while basking in the investment opportunity of a lifetime!
Directions
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