NOT LISTED FOR SALE

1066 Beacon Hill Dr Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $974,000 - $1,146,942

6 Beds
7 Baths
3,504 Sq Ft
$310/Sq Ft Est. Value

Last Sold September 30, 2020

Last sale price $589,900 $168 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $6,798/month

94 Days on Market

Highlights

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

About This Home

As of September 2020

One of the highest locations in all of Corolla! This 6 bedroom (4 are master suites), 5 Full and 2 half bath home, sits majestically on a corner lot in the highly sought after community of Corolla Light. A one- of-a-kind design and quality constructed with sound views. No flood insurance required and never worry about flooding here. The open concept has plenty of gathering spaces with top of line finishes. A few features include; Hardiplank siding with Azek trim, silestone kitchen and kitchenette countertops, hardwood floors, stone fireplace, spiral staircase, tile tub surrounds, tile compass rose at entry, solid pine interior doors, concrete pool w/ brick coping, Andersen sliders and French wood doors, tile backsplash, and a well equipped kitchen. The kitchen offers 2 refrigerators, 2 dishwashers, 2 cooktops, and 2 wall ovens. The ground level has a spacious game room with pool table and wet bar with access to the private pool. This beautiful home generated $67,000 in 2018 (11% Gross Rate of Return) and $54,590 in 2018 (9% Gross Rate of Return). The owners always take Memorial day week so could generate more income. You'll love all the amenities Corolla Light offers from the ocean and soundfront community pools to the indoor sports complex complete with indoor pool, tennis courts, and fitness center. Looking for an income producer in an award winning resort community? Then this is the home for you!

Last Agent to Sell the Property

Heather VanderMyde

Coldwell Banker Seaside Realty - KDH License #207518 Listed on: 05/13/2020

Coldwell Banker Seaside Realty - KDH

Last Buyer's Agent

Kathleen Marie Haskett

Kathleen Haskett Outer Banks Real Estate Broker License #257758

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,405

Year Built

  • Built in 2005

Lot Details

  • Landscaped
  • Corner Lot

HOA Fees

  • $436 Monthly HOA Fees

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Shake Siding
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 3,504 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Game Room
  • Screened Porch

Kitchen

  • Built-In Oven
  • Built-In Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Whirlpool Bathtub
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Pool

  • Concrete Pool
  • In Ground Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Patio

Utilities

  • Central Heating and Cooling System
  • Municipal Utilities District Water
  • Private Sewer

Listing and Financial Details

  • Tax Lot #10

Community Details

Overview

  • Association fees include common electric, common insurance, grounds maintenance, management, pool, road maintenance, security, tennis courts, walkways
  • Built by Outer Banks Construction
  • Corolla Light Subdivision

Amenities

  • Clubhouse

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,405

Year Built

Built in 2005

Lot Details

0

HOA Fees

$436 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Hot Tub, Jet Tub, Landscaped, Outside Shower, Patio, Screened Porch, Sun Deck, Whirlpool/Spa
  • Flood Zone: X
  • Headline: X Flood Zone/11%GRI 2018
  • Heated Sq Ft: 3504
  • L V T Date: 05/13/2020
  • Roads: Paved
  • Sale/Rent: For Sale
  • Section: 7D
  • Zoning: Res
  • Advertised Income 2020: 56580
  • Deed Book Pg Number: 109
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Corolla Light
  • Newpoint Media: Yes
  • Office License Number: C7166
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Countertop Range, Disposal, Dishwasher, Dryer, Ice Machine, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 6
  • Countertops: Silestone
  • Floor Coverings: Carpet, Tile, Wood, Hardwood
  • Foundation: Piling, Slab
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Gas Fireplace, Pantry, Wet Bar
  • Optional Rooms: Foyer, Game Room
  • Partial Bathrooms: 2

Exterior Features

  • Homebuilder: Outer Banks Construction
  • Construction: Frame, Wood
  • Exterior: Shakes, Cement Fiber Board
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Concrete, Custom, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean, Sound

Utilities

  • Cooling: Central
  • Heating: Central
  • Sewer/Septic System: Private Sewer
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Grounds Maintenance, Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
  • Association Amenities: Clubhouse, Health Club, Indoor-Comm. Pool, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Park, Playground, Racquetball, Sound Access, Board Walk
  • Association Fee: Yes
  • Estimated Annual Fee: 5232

Lot Info

  • Lot Description: Corner
  • Lot Number: Lot #10
  • Deed Book: 1162

Rental Info

  • Est Annual Rental Income: 63820
  • Estimated Rental Performance: 0.1082
  • Lease Terms: Weekly
  • Rental Co: Village Realty
  • Rental Cottage Name: Cams Cay
  • Rental Cottage Number: BCH10
  • Rental Phone Number: 252.453.9650
  • Rental Turnover Day: Saturday
  • Rental Contact Email: villagerealtyreservations@villagerealtyobx.com

Building Info

  • Year Built: 2005

Tax Info

  • Year: 2019
  • Taxes: 3405.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2020
Closed on
Sep 30, 2020
Sold by
Chadha Cassandra M and Chadha Manish
Bought by
Harmon Arthur Thomas
Seller's Agent
Heather VanderMyde
Coldwell Banker Seaside Realty - KDH
Buyer's Agent
Kathleen Marie Haskett
Kathleen Haskett Outer Banks Real Estate Broker
List Price
$599,900
Sold Price
$589,900
Premium/Discount to List
-$10,000
-1.67%
Current Estimated Value
$1,093,268

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$503,368
Avg. Annual Appreciation
13.27%
Original Mortgage
$439,900
Outstanding Balance
$394,788
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$690,198

Purchase Details

Closed on
May 11, 2011
Sold by
Berardino John R and Berardino Melissa K
Bought by
Chadha Cassandra M and Chadha Manish

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,000
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2007
Sold by
Brewer Michael D and Brewer Amie M
Bought by
Beacon Hill Llc

Purchase Details

Closed on
Dec 6, 2006
Sold by
Beacon Hill Llc
Bought by
Brewer Michael D and Brewer Amie M

Purchase Details

Closed on
Feb 13, 2006
Sold by
Brewer Michael D and Brewer Amie M
Bought by
Beacon Hill Nc Llc
Source: Public Records

Range of Values:

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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
Harmon Arthur Thomas $590,000 None Available
Chadha Cassandra M $535,000 None Available
Berardino John R -- None Available
Beacon Hill Llc -- None Available
Brewer Michael D -- None Available
Beacon Hill Nc Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harmon Arthur Thomas $439,900
Previous Owner Chadha Cassandra M $412,500
Previous Owner Berardino John R $428,000
Previous Owner Berardino John R $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2020 09/30/20 Sold $589,900 0.0% $168 / Sq Ft
08/15/2020 08/15/20 Pending -- -- --
08/03/2020 08/03/20 Price Changed $589,900 -1.7% $168 / Sq Ft
05/13/2020 05/13/20 For Sale $599,900 -- $171 / 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
2024 $4,864 $574,800 $90,000 $484,800
2023 $4,864 $574,800 $90,000 $484,800
2022 $3,503 $574,800 $90,000 $484,800
2021 $3,476 $570,500 $150,000 $420,500
2020 $3,405 $570,500 $150,000 $420,500
2019 $3,405 $570,500 $150,000 $420,500
2018 $3,405 $570,500 $150,000 $420,500
2017 $3,099 $570,500 $150,000 $420,500
2016 $3,089 $570,500 $150,000 $420,500
2015 $3,089 $570,500 $150,000 $420,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 109218

Outer Banks Association of REALTORS®

APN: 115B-000-0010-007D