Closing Price:
$2,548,000
$2,548,000
1231 Atlantic Avenue,
Corolla, NC 27927
7 bd
5 ba
5112 sq ft
MLS #: 120769
Status: Closed
Sold Details
Status: Closed
Sold Price: $2,470,000.00
Closing Date: 9/15/2023
Contract Date: 6/27/2023
Seller Concessions: Yes
Concession Comments: $20,000 Seller Credit at Closing
Total Days on Market:
Cumulative Days on Market: 231
Due Diligence Date: 8/5/2023
Listing Information
Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 231
Cumulative Days On Market: 231
Listing Price: $2,548,000
Original Listing Price: $2,795,000
Possession: Subject To Tenant Rights
Short Sale: No
Price Date: 9/16/2023
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: 5112
Asking Price Per SqFt: $498.00
Heated Living Area Sq Ft: 5112
BedroomsTotal: 7
Bathrooms Full: 5
Bathrooms Partial: 1
Year Built: 1996
Garage: Carport
Architectural Style: Contemporary, Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: 2nd Refrigerator, Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer
Roof: Asphalt
Parking: Underground
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: Heated Salt, In Ground, Outdoor Pool, Private, Vinyl
Builder Name: Pete Hunter
Counter Tops: Granite
Cooling: Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s), Wet Bar
Heating: Forced Air, Heat Pump, Zoned
Room Type: Foyer
Flooring: Carpet, Tile, Wood
Construction Materials: Frame, Wood Siding
Legal Description
Section: 1
County: Currituck
Subdivision: Ocean Hill
Subdivision Name: Ocean Hill
Deed Book: 1418
Deed Book Page Number: 789
County Pin Number: 114C00000290001
Price Change: 9/15/2023
Road Surface: Private
Association Amenities: Ocean Access
Lot Details
Lot Size Dimensions: 100 X 350
Lot Features: Beach Frontage, Waterfront
Water Frontage: 100
Waterfront: Ocean Front
View: Ocean
Property Type: Residential
Property Expenses & Utilities
Tax Year: 2022
Annual Property Taxes: $8,954.00
Flood Zone: X
Water Source: Municipal
Contract Status Change Date: 9/16/2023
Estimated Annual Fee Amt: $750.00
Sewer: Septic Tank
Association Fee Includes: Road Maintenance, Walkways
Association Fee Yes or No: Yes
Financials
Bill Of Sale Amoung: 1
Electroni Locks: Owned
Bank/Institution Owned: No
Exterior: Cement Fiber Board
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Elevator,Handicap Friendly,Hot Tub,Landscaped,Outside Lighting,Outside Shower,Patio,Screened Porch,Smoke Detector(s),Sun Deck,Dry Entry
Fuel Tanks: Leased
HOA Contact Name: Patty Morrison 252-248-3061
Primary Residence: No
HOA Contact Info: Village Realty OBX
Rental Income
Annual Rental Income: 279790
Rental Performance: 0.1133
Owner Renatl Income 2023 Amount: 179280
Avertised Income 2023 Amount: 224540
Owner Renatl Income 2022 Amount: 200075
Owner Rental Income 2021 Amount: 177030
Listing Agent Remarks
6/6 PRICE REDUCTION OF $150k!! This home sits on one of the highest lots in Ocean Hill giving Spectacular Ocean Views from the living room, kitchen, dining room and screened porch all on the east side of the house, making this home a winner! Beautiful open beach, one of the least crowded beaches in Corolla! Complimenting the unique architectural interests of the home are wood accented ceilings on the top level and wainscoted walls, which are finished a light beach stain. The gourmet kitchen is well thought out with plenty of counter & storage space. Enjoy breakfast with a sunrise on the screened porch. A large dining area with double-sided gas fireplace is flanked by gorgeous windows. The spacious, yet comfy living room offers those amazing views. The deck wraps from the east to the south for ultimate sunshine. The primary and large bedroom with en-suite is on the top level. And there is another bedroom on the this level. An added bonus are views of the Currituck Lighthouse from both the south and west decks. Take the elevator down to the mid top level where you will find 3 en-suite bedrooms with great ocean views and access to the oceanside deck. One of these en suite bedrooms is wheelchair friendly There are another 2 bedrooms which share a bath. The private, ramped walkway is joined on the mid level cabana with 2 private showers, dressing area and loo. The pool is a 50' salt water lap pool. Solid rentals year after year. This truly is a great home! Check it out!! 2 new HVAC units in August 2020 & AES Air Scrubber whole home air purifier. High quality built ( 6" walls & round pilings ) by renowned Pete Hunter. Composite decking, no nail pops or splinters. Recently replaced with 83 galvanized support clips and bolts under NE decks Pool liner replaced in 2018. **North ground level OLU could easily be converted to a rec room, or 8th bedroom, with proper permits and added septic.
Directions
Rt 12 North to Coral Ln, take a right then straight to Atlantic Ave. take a left, home is OF 1231.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 1231 Atlantic Avenue in Corolla is provided
courtesy of Keller Williams - Outer Banks C: 252-207-7773. Information is believed to be accurate but is not
warranted. Copyrighted by Outer Banks Association of REALTORS. All Rights Reserved. IDX
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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 1231 Atlantic Avenue 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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