Listing Details For 1215 Atlantic Avenue in Corolla

Closing Price:
$1,900,000
1215 Atlantic Avenue, Corolla, NC 27927
7 bd
6 ba
3695 sq ft
MLS #: 115660
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,780,000.00
Closing Date: 2/25/2022
Off Market Date: 9/4/2021
Contract Date: 12/30/2021
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 140
Due Diligence Date: 2/5/2022

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 140
Cumulative Days On Market: 140
Listing Price: $1,900,000
Original Listing Price: $1,900,000
Possession: Close Of Escrow, Subject To Tenant Rights
Short Sale: No
Price Date: 8/11/2021
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 3695
Asking Price Per SqFt: $514.00
Heated Living Area Sq Ft: 3695
BedroomsTotal: 7
Bathrooms Full: 6
Bathrooms Partial: 1
Year Built: 1989
Architectural Style: Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Refrigerator, Dryer, Dishwasher, Microwave, Refrigerator, Range/Oven, Washer
Roof: Asphalt
Parking: Off Street, Paved
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: Heated, In Ground, Outdoor Pool, Private
Cooling: Central Air, Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s), Wet Bar
Heating: Central, Heat Pump, Zoned
Room Type: Game Room
Flooring: Carpet, Tile, Vinyl
Construction Materials: Frame, Wood Siding

Legal Description

Section: 1
County: Currituck
Subdivision: Ocean Hill
Subdivision Name: Ocean Hill/114C
Deed Book: 1351
Deed Book Page Number: 796
County Pin Number: 114C00000210001
Price Change: 2/25/2022
Road Surface: Paved, Private

Lot Details

Lot Size Acres: 0.07
Lot Size Dimensions: 108x345
Lot Features: Beach Frontage, Level, Waterfront
Lot Faces: .88
Water Frontage: 110
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2020
Annual Property Taxes: $8,026.00
Home Oner Insurance Expense: 1485
Flood Zone: VE
Flood Insurance Expense: 797
Wind Insurance: 4058
Water Source: Municipal
Yearly Water Expense: 2000
Other Yearly Expense: 450
Pool Or Spa Expense: 5000
Yearly Expense: Estimated
Yearly Elecric Expense: 7000
Yearly Cable Tv Expense: 4000
Contract Status Change Date: 2/26/2022
Estimated Annual Fee Amt: $300.00
Sewer: Septic Tank
Maintenance Expense: 3000
Other Expenses 2: 220
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Listing Restrictions: 1031 Tax Deferred Exch.
Exterior: Vinyl
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Hot Tub,Outside Shower,Sun Deck
HOA Contact Name: Ocean Hill
Primary Residence: No
Street Frontage : 108
HOA Contact Info: www.oceanhill.org

Rental Income

Annual Rental Income: 194370
Rental Performance: 0.1092
Owner Rental Income 2021 Amount: 176220
Avertised Income 2021 Amount: 196170

Listing Agent Remarks

Unbelievable Ocean Views from this beautiful Corolla OceanFront 7 bedroom home! Spectacular Ocean Views can be enjoyed from the top level and also from the midlevel and Pool Area. Top level is open bright and spacious with panoramic ocean views from the Kitchen, Dining room, Great room and 2 Master Bedrooms. Both Master Bedrooms have Ocean Views and Deck Access. Mid level offers one King Master and two Queen Masters, each with ocean views and deck access. Additionally there is one Queen Bedroom with ocean views and deck access which shares a full bath with one bedroom that has 2 twin bunkbed sets. Ground level features a rec room with pool table, wet bar with sink, microwave, full size refrigerator, half bath, laundry and 2 sleep sofas. Stroll out to the welcoming pool area with heated pool that is expansive and well furnished for all to relax and enjoy. After floating in the pool, hop into the elevated hot tub to take in the serene ocean views or grab some shade under the pergola or one of the shaded decks over looking the pool with views extending to the ocean. You will be delighted with your very own Dune Top Deck and Walkway to the beach! Bathrooms throughout the home have been beautifully Updated with new vanities, sinks, fixtures, lights, toilets and paint. Some recent improvements include replacing front entry deck and railings in 2021, new Refrigerator in Rec Room, 2 new sleep sofas, new Dining room furniture, new Queen Bedroom set, replaced stairs to beach, replaced pool heater with a more efficient heat pump pool heater, replaced one HVAC unit in 2018. Strong Gross Rental Income is generated by this home. 10.23 % GRI with 2021 Advertised Gross Rental Income of $194,370. There is potential for some additional rental income when all weeks are available to book. 2022 Advertised Gross Rental income is already $156,863, as of 10/4/2021. If you are looking for a beautiful Corolla OceanFront 7 bedroom home with Amazing Ocean Views, Dune Top Deck, your own private Walkway to the beach, extensive Pool Area and Strong Gross Rental Income, then this is the home for you. Call now to schedule a showing!

Directions

(none)

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 1215 Atlantic Avenue in Corolla is provided courtesy of Corolla Beach 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 1215 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.

Looking for more info about this property or another OBX properties?

We can answer all your questions. Call DIRECT 800-647-1868 or fill out this form and let us know what you need, so we can start to help. It is easier than you think.
Level of Interest
For Immediate Service
252-441-3416 (Local OBX)
800-647-1868 (Toll Free)