NOT LISTED FOR SALE

1060 Beacon Hill Dr Corolla, NC 27927

Estimated Value: $1,095,000 - $1,129,250

6 Beds
6.5 Baths
3,431 Sq Ft
$326/Sq Ft Est. Value

Last Sold October 06, 2020

Last sale price $605,000 $176 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $6,563/month

2 Days on Market

Highlights

  • Community Beach Access
  • Health Club
  • Second Refrigerator
  • Ocean View
  • In Ground Pool
  • Clubhouse

About This Home

As of October 2020

This handsome 6 bedroom home could be both your family's beach getaway AND a great income producer. Its rental history proves that this house has what vacationers want. 2020 Advertised Rental Income is $76,805! Located on a high elevation, the house enjoys views of both ocean and sound. In a newer section of Corolla Light, this home is beautifully furnished and decorated in contemporary style. The house is loaded with upgrades including an elevator, large gunite pool, granite countertops, gorgeous cherry hardwood floors and custom tile work. Double dishwashers in the kitchen and twin sets of washer-dryers in the laundry are examples how well this home is designed and equipped. There is plenty of living space inside with a huge mid-level recreation and media room and first floor game room with foosball and pool tables. Both areas have kitchenettes. The top floor living area is open to sunlight and fabulous views, there is even a loft space for gazing out on the water. The kitchen and dining area seats 12+ people. The house has been well maintained and is easy to care for with cement siding and state of the art construction. Its X Flood Zone designation requires no flood insurance. Corolla’s shopping, dining, and local attractions are right next door and the beach is nearby- accessed by community trolley or a short walk. The offerings of the Corolla Light Resort are well-known- tennis courts, oceanfront recreational and dining complex, indoor sports center and much more. With a strong rental history, new owners of this home can count on an excellent income stream, but must be sure to block out time for their own enjoyment because this house books up fast. Note: This home was recently featured on HGTV's "My Lottery Dream Home"

Last Agent to Sell the Property

Scott Wheeler

Celebration Realty License #274905 Listed on: 08/16/2020

Last Buyer's Agent

Edward Denton

Coastline Commercial, LLC d/b/a Denton Realty Company License #289945

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,536

Year Built

  • Built in 2005

Lot Details

  • 3,485 Sq Ft Lot
  • Property fronts a private road
  • Fenced Yard
  • Landscaped
  • Sprinkler System

HOA Fees

  • $277 Monthly HOA Fees

Parking

  • Paved Parking

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 3,431 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Loft
  • Game Room
  • Fire and Smoke Detector
  • Stacked Washer and Dryer

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom

Pool

  • In Ground Pool
  • Gunite Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Covered Deck
  • Patio

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District for Water and Sewer

Listing and Financial Details

  • Tax Lot 13

Community Details

Overview

  • Association fees include common insurance, management, pool, road maintenance, security, tennis courts
  • Don Cheek Gen Mgr Association, Phone Number (252) 453-2455
  • Corolla Light Subdivision

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Health Club
  • Tennis Courts
  • Indoor Tennis Courts
  • Racquetball
  • Community Playground
  • Community Indoor Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,536

Year Built

Built in 2005

Lot Details

0

HOA Fees

$277 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Elevator, Fenced Yard, Hot Tub, Landscaped, Lawn Sprinklers, Outside Shower, Patio, Smoke Detector(s)
  • Flood Zone: X
  • Headline: Super Inve$tment
  • Heated Sq Ft: 3431
  • L V T Date: 08/16/2020
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Zoning: RES
  • Advertised Income 2020: 76805
  • Deed Book Pg Number: 258
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Corolla Light
  • Newpoint Media: Yes
  • Office License Number: C31179
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator, Stackable Washer/Dryer
  • Bedrooms: 6
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Dryer Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Washer Connection, Wet Bar
  • Optional Rooms: Game Room, Loft
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Gunite, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean, Sound

Garage/Parking

  • Parking: Paved

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Electric, Heat Pump, Zoned
  • Sewer/Septic System: Municipal Sewer
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Common Insurance, Management, Pool, Road Maintenance, Security, Tennis Courts
  • Association Amenities: Clubhouse, Health Club, Indoor-Comm. Pool, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Racquetball, Sound Access, Board Walk, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 3329
  • Hoa Contact: Don Cheek Gen Mgr
  • HOA Contact: Don Cheek 252-453-2455
  • Home Owner Dwelling Insurance: 4400

Lot Info

  • Lot Description: Bulkheaded
  • Lot Number: Lot 13
  • Estimated Lot Size: 0.08
  • Deed Book: 1316

Rental Info

  • Lease Terms: Weekly
  • Rental Co: Sun Realty
  • Rental Cottage Name: Blue Moon Bay
  • Rental Cottage Number: 31-CL
  • Rental Phone Number: 252-453-8822
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 2005

Tax Info

  • Year: 2019
  • Taxes: 3536

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2020
Closed on
Oct 5, 2020
Sold by
Dudrow Brian R and Dudrow Lindsey M
Bought by
Key Kimberly G and Key James Michael
Seller's Agent
Scott Wheeler
Celebration Realty
Buyer's Agent
Edward Denton
Coastline Commercial, LLC d/b/a Denton Realty Company
List Price
$599,900
Sold Price
$605,000
Premium/Discount to List
$5,100
0.85%
Current Estimated Value
$1,118,813

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$513,813
Avg. Annual Appreciation
12.45%
Original Mortgage
$484,000
Outstanding Balance
$428,541
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$690,272

Purchase Details

Listed on
Jan 27, 2014
Closed on
Feb 6, 2015
Sold by
Elizabeth Bernstein Harold Adam and Elizabeth Rernstein Tiffany
Bought by
Dudrow Brian R and Dudrow Lindsey M
Seller's Agent
Heather VanderMyde
Coldwell Banker Seaside Realty - KDH
Buyer's Agent
Beth Dobney Garcia
Coldwell Banker Seaside Realty KH
List Price
$665,000
Sold Price
$605,000
Premium/Discount to List
-$60,000
-9.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%
Original Mortgage
$453,750
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2011
Sold by
Hand John and Hand Denise
Bought by
Bernstein Harold Adam and Bernstein Tiffany Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.74%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Key Kimberly G $605,000 None Available
Dudrow Brian R $605,000 None Available
Bernstein Harold Adam $580,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Key Kimberly G $484,000
Previous Owner Dudrow Brian R $453,750
Previous Owner Bernstein Harold Adam $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/06/2020 10/06/20 Sold $605,000 +0.9% $176 / Sq Ft
08/18/2020 08/18/20 Pending -- -- --
08/16/2020 08/16/20 For Sale $599,900 -0.8% $175 / Sq Ft
02/06/2015 02/06/15 Sold $605,000 -9.0% $175 / Sq Ft View Prior Sale
12/05/2014 12/05/14 Pending -- -- --
01/27/2014 01/27/14 For Sale $665,000 -- $193 / Sq Ft
Source: Outer Banks Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,082 $630,000 $90,000 $540,000
2024 $5,066 $630,000 $90,000 $540,000
2023 $4,524 $630,000 $90,000 $540,000
2022 $3,787 $630,000 $90,000 $540,000
2021 $3,686 $594,100 $150,000 $444,100
2020 $3,536 $594,100 $150,000 $444,100
2019 $3,536 $594,100 $150,000 $444,100
2018 $3,536 $594,100 $150,000 $444,100
2017 $3,208 $594,100 $150,000 $444,100
2016 $3,208 $594,100 $150,000 $444,100
2015 $3,208 $594,100 $150,000 $444,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 110587

Outer Banks Association of REALTORS®

APN: 115B-000-0013-007D