Closing Price:
$2,325,000
1239 Atlantic Avenue, Corolla, NC 27927
7 bd
7 ba
4860 sq ft
MLS #: 124832
Status: Closed

Sold Details

Status: Closed
Sold Price: $2,325,000.00
Closing Date: 4/8/2024
Contract Date: 3/9/2024
Seller Concessions: Yes
Concession Comments: $16,800 for misc home inspection items.
Total Days on Market:
Cumulative Days on Market: 8
Due Diligence Date: 3/30/2024

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 8
Cumulative Days On Market: 8
Listing Price: $2,325,000
Original Listing Price: $2,325,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 3/1/2024
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: 4860
Asking Price Per SqFt: $478.00
Heated Living Area Sq Ft: 4860
BedroomsTotal: 7
Bathrooms Full: 7
Bathrooms Partial: 1
Year Built: 2000
Garage: None
Architectural Style: Contemporary, Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: Dishwasher, Dryer, Ice Maker, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Refrigerator
Roof: Asphalt
Parking: Paved
Foundation: Piling, Slab
Pool: Yes
Pool Type: Private
Pool Features: Outdoor Pool, Concrete, Private
Counter Tops: Quartz,Solid Surface
Cooling: Central Air, Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s), Wet Bar
Heating: Central, Heat Pump
Flooring: Carpet, Ceramic Tile
Construction Materials: Frame

Legal Description

County: Currituck
Subdivision: Ocean Hill
Deed Book: 1259
Deed Book Page Number: 634
County Pin Number: 114C00000330001
Price Change: 4/7/2024
Road Surface: Paved, Public

Lot Details

Lot Features: Beach Frontage, Waterfront
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2023
Annual Property Taxes: $10,026.00
Flood Zone: VE
Water Source: Municipal
Contract Status Change Date: 4/8/2024
Estimated Annual Fee Amt: $750.00
Sewer: Septic Tank
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Wood,Cement Fiber Board
Extras: Beach Access,Ceiling Fan(s),Elevator,Hot Tub
Fuel Tanks: Leased
HOA Contact Name: Jan VanEe 252-500-0100
Primary Residence: No
HOA Contact Info: Association Consultants

Rental Income

Annual Rental Income: 233173
Rental Performance: 0.1003
Owner Rental Income 2024 Amount: 207493
Avertised Income 2024 Amount: 218352
Owner Renatl Income 2023 Amount: 220863
Avertised Income 2023 Amount: 233173
Owner Renatl Income 2022 Amount: 174339
Avertised Income 2021 Amount: 184348
Owner Rental Income 2021 Amount: 188723
Avertised Income 2021 Amount: 201157

Listing Agent Remarks

Beautiful well maintained Oceanfront home in Ocean Hill with breathtaking Ocean Views. Ocean Hill is one of the best areas in Corolla, NC. This community provides large oceanfront homesites and wide open beaches making their beaches among the least crowded. Triple Play is a 7 bedroom 7.5 bath home tastefully furnished with updated kitchen and baths, private pool, hot tub and elevator. This oceanfront home is an excellent rental investment property but could make a wonderful second or year round home as well. MANY RECENT UPDATES including NEW ROOF in 2021! Rental income for 2024 is $207,276.50. Don’t miss this opportunity to own a beautiful oceanfront property in Corolla.

Directions

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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 1239 Atlantic Avenue in Corolla is provided courtesy of Beach Realty & Construction - KH North jacksondixon1@gmail.com. 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 1239 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 252-441-3416 OR 800-647-1868.
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