Listing Details For 1213 Coral Lane in Corolla

Closing Price:
$749,000
1213 Coral Lane, Corolla, NC 27927
6 bd
5 ba
3000 sq ft
MLS #: 100702
Status: Closed

Sold Details

Status: Closed
Sold Price: $725,000.00
Closing Date: 8/24/2018
Contract Date: 7/11/2018
Seller Concessions: Yes
Concession Comments: 4,800 in buyer expenses
Total Days on Market:
Cumulative Days on Market: 42

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 42
Cumulative Days On Market: 42
Listing Price: $749,000
Original Listing Price: $749,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 8/27/2018
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: 3000
Asking Price Per SqFt: $250.00
Heated Living Area Sq Ft: 3000
BedroomsTotal: 6
Bathrooms Full: 5
Bathrooms Partial: 1
Year Built: 2002
Architectural Style: Coastal, Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: Dryer, Dishwasher, Microwave, Refrigerator, Range/Oven, Washer
Roof: Asphalt
Foundation: Piling, Slab
Pool: Yes
Pool Type: Private
Pool Features: Concrete, In Ground, Outdoor Pool, Private
Counter Tops: Granite
Cooling: Central Air, Heat Pump
Interior Features: Wet Bar
Heating: Heat Pump, Zoned
Room Type: Game Room, Shipswatch
Flooring: Carpet, Ceramic Tile, Engineered Wood
Construction Materials: Frame

Legal Description

County: Currituck
Subdivision: Ocean Hill
Deed Book: 749
Deed Book Page Number: 605
County Pin Number: 114C00000850001
Price Change: 8/26/2018
Block: 1
Road Surface: Paved, Private
Association Amenities: Ocean Access

Lot Details

Lot Size Acres: 0.49
Lot Size Dimensions: 104 x 200 appox
Lot Size Square Feet: 21344
Lot Features: Level
Lot Faces: s
Waterfront: None
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2017
Annual Property Taxes: $3,595.00
Home Oner Insurance Expense: 1150
Flood Zone: X
Flood Insurance Expense: 499
Wind Insurance: 5096
Water Source: Municipal
Yearly Water Expense: 1772
Pool Or Spa Expense: 2500
Yearly Expense: Actual
Yearly Elecric Expense: 3595
Yearly Telephone Expense: 4060
Contract Status Change Date: 8/27/2018
Estimated Annual Fee Amt: $290.00
Sewer: Septic Tank
Association Fee Includes: Road Maintenance, Walkways
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Cement Fiber Board,Shakes
Extras: Ceiling Fan(s),Covered Decks,Hot Tub,Jet Tub,Outside Shower,Sun Deck,Dry Entry
Primary Residence: No

Rental Income

Annual Rental Income: 76730
Rental Performance: 0.1058

Listing Agent Remarks

When searching for the perfect beach house...one that has been lovingly maintained, with some ocean views, bright interior, steps to the beach, with all the amenities guests love... like pool and gameroom, providing fantastic rental income, on a generous-sized lot, just a short bike ride from the quaint town of old Corolla...look no further. This oceanside home boasts a reverse floor plan, with the living room, dining area and kitchen on the top floor forming a trio of updated and bright living spaces that open to wide decks to take in the views and the salt air of the Atlantic ocean. Just a short walk to the private community access to one of the most beautiful stretches of beaches in Corolla. The kitchen boasts granite and quartz counters, the floors in the main living areas are wood, the bathrooms have updated granite tops and ceramic tiled floors. Other features include gas fireplace, ships watch, gameroom with a junior pool and air hockey table, kitchenette and TV/DVD. The bedrooms are configured to allow for plenty of room, with one master on the top floor, two on the mid-level and three additional bedrooms between the mid and ground floor. Soak up the sun around the 16X32 foot concrete and tile pool, relax in the six person hot tub or shoot some hoops in the driveway. Most importantly, this home is in pristine condition and updated coastal decor making it a favorite of Corolla guests, with the rental income to prove it. Currently, this home's weekly vacation rental program is managed by the homeowner through VRBO. Local property management projects the same income of $75,000 with room to improve with shoulder seasons opened up.

Directions

Turn east onto Coral from rt 12. House on left.

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 1213 Coral Lane in Corolla is provided courtesy of Keller Williams - Outer Banks C: 252-202-3357. 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 1213 Coral Lane 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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