Closing Price:
$599,000
778 Galileo Road, Corolla, NC 27927
5 bd
4 ba
2911 sq ft
MLS #: 98916
Status: Closed

Sold Details

Status: Closed
Sold Price: $560,000.00
Closing Date: 4/13/2018
Contract Date: 2/8/2018
Seller Concessions: Yes
Concession Comments: 8000 in conessions
Total Days on Market:
Cumulative Days on Market: 605

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 605
Cumulative Days On Market: 605
Listing Price: $599,000
Original Listing Price: $599,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 4/16/2018
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: 2911
Asking Price Per SqFt: $206.00
Heated Living Area Sq Ft: 2911
BedroomsTotal: 5
Bathrooms Full: 4
Bathrooms Partial: 1
Year Built: 1997
Garage: 3 + Car,Carport
Architectural Style: Contemporary, Coastal, Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer
Roof: Asphalt
Parking: Paved
Foundation: Piling
Pool: Yes
Pool Type: Private and Association
Pool Features: Concrete, Association, Gunite, In Ground, Private
Counter Tops: Laminate
Cooling: Central Air, Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s)
Heating: Central, Forced Air, Heat Pump, Zoned
Room Type: Media Room
Flooring: Carpet, Ceramic Tile
Construction Materials: Frame, Wood Siding

Legal Description

County: Currituck
Subdivision: BI-Buck Island
Subdivision Name: Buck Island
Deed Book: 413
Deed Book Page Number: 634
County Pin Number: 116B00000450000
Price Change: 4/15/2018
Road Surface: Private
Association Amenities: Board Walk, Gated, Ocean Access, Outdoor-Comm. Pool, Playground

Lot Details

Lot Features: Cul-De-Sac, Level
Lot Faces: East
Waterfront: 3 - lots from oceanfront (4th row)
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2016
Annual Property Taxes: $3,231.00
Water Source: Municipal
Contract Status Change Date: 4/16/2018
Estimated Annual Fee Amt: $4,350.00
Sewer: Shared Septic
Association Fee Includes: Electricity, Common Insurance, Flood Insurance, Maintenance Grounds, Management, Pool, Security, Tennis Courts, Taxes
Association Fee Yes or No: No - Restrictive Covenants May Apply

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Cement Fiber Board
Extras: Beach Access,Ceiling Fan(s),Fenced Yard,Hot Tub,Outside Shower,Smoke Detector(s),Sun Deck
Primary Residence: No

Rental Income

Annual Rental Income: 59760
Rental Performance: 0.1067

Listing Agent Remarks

Beautiful location on a Cul Del Sac close to the beach! This home is located in a Private Community. Complete with a community pool, Tennis Courts, Ocean front Bathhouse and Cabana Services. The Ocean Front Cabana Services rent out Paddle Boards, Kayaks, Boogie Boards, Chairs and Umbrellas. Located in a gated community with Security that oversees the community. Talk about convenience. "Shiloh" consistently has high rental income and the properties income potential has NOT been reached. The community has a property exterior paint fee included in the HOA fees which makes up 25% of the annual Association Fee. Every five years that gives this property almost $5400 in reserve to have the property repainted. One of the reasons that the community is all uniform and meticulously maintained. The Value of the HOA is absolute.

Directions

Heading North into Corolla after passing Oceans Sands and Crown Point

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 778 Galileo Road in Corolla is provided courtesy of Surfside Realty tim@surfsideouterbanks.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 778 Galileo 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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