Listing Details For 1216 Bismark Drive in Corolla

Closing Price:
$1,295,000
1216 Bismark Drive, Corolla, NC 27927
8 bd
8 ba
4203 sq ft
MLS #: 121285
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,230,000.00
Closing Date: 3/27/2023
Contract Date: 2/3/2023
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 142
Due Diligence Date: 3/5/2023

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 136
Cumulative Days On Market: 142
Listing Price: $1,295,000
Original Listing Price: $1,295,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 3/27/2023
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 4203
Asking Price Per SqFt: $308.00
Heated Living Area Sq Ft: 4203
BedroomsTotal: 8
Bathrooms Full: 8
Bathrooms Partial: 1
Year Built: 2005
Garage: Carport
Architectural Style: Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Refrigerator, Dryer, Dishwasher, Microwave, Refrigerator, Range/Oven, Washer, Wine Cooler
Roof: Asphalt
Parking: Off Street, Paved, Underground
Pool: Yes
Pool Type: Private
Pool Features: Heated, In Ground, Private
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s), Wet Bar
Heating: Central, Heat Pump
Room Type: Breakfast Nook, Foyer, Game Room
Flooring: Carpet, Ceramic Tile

Legal Description

Section: 1
County: Currituck
Subdivision: Ocean Hill
Deed Book: 1561
Deed Book Page Number: 261
County Pin Number: 114C00000920001
Price Change: 3/26/2023
Road Surface: Paved, Private
Association Amenities: Ocean Access

Lot Details

Lot Features: Level
Waterfront: More than 5th row
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2022
Annual Property Taxes: $4,483.00
Flood Zone: X
Flood Insurance Expense: 858
Wind Insurance: 6702
Water Source: Municipal
Yearly Water Expense: 1400
Yearly Elecric Expense: 3317
Yearly Cable Tv Expense: 2616
Contract Status Change Date: 3/27/2023
Estimated Annual Fee Amt: $344.00
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: Shakes,Vinyl
Extras: Ceiling Fan(s),Covered Decks,Elevator,Hot Tub,Landscaped,Outside Lighting,Outside Shower,Smoke Detector(s),Sun Deck,Dry Entry
Fuel Tanks: Leased
HOA Contact Name: Village Realty
Primary Residence: No
HOA Contact Info: oceanhill@vrobx.com

Rental Income

Annual Rental Income: 167070
Rental Performance: 0.1358

Listing Agent Remarks

LOCATION, LOCATION, LOCATION! Updated with Beach access directly down Bismark Drive! This spacious and updated 8 bedroom home is located in the private community of Ocean Hill in Corolla, just down the street from the 4x4 beaches where the wild horses roam and historic Corolla Village where you’ll find quaint shopping, the Currituck Lighthouse and Whalehead Club and park! With ample parking and all the top amenities---private heated pool and hot tub, elevator, game room and more--- this home is a comfortable beach getaway that also provides a GREAT INVESTMENT (143K in 2022 rental income) opportunity just steps from the beach. The nearby beach access just 8 houses down is a dream, with no steep steps leading you to the wide open beaches of Corolla! The reverse floor plan with the living, dining, and well-equipped kitchen on the top level boasts new furniture and is large enough for everyone to gather and offers great views outside from the wrap around decks. The home is tastefully decorated, all 8 bedrooms are masters with a private bath, and most have direct access to one of the many decks. Enjoy lots of great upgrades in recent years including new appliances, new interior paint, new decorative lighting, new heat pumps, new outdoor furniture, new TV’s, new carpet, new bedding and window treatments and a lot of new furniture throughout. If rented the full year, income potential is over $162K annually!

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 1216 Bismark Drive in Corolla is provided courtesy of Four Seasons Realty . 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 1216 Bismark Drive 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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