NOT LISTED FOR SALE

1202 Ionian Ln Corolla, NC 27927

Estimated Value: $1,820,000 - $2,065,000

8 Beds
9.5 Baths
4,902 Sq Ft
$388/Sq Ft Est. Value

Last Sold February 05, 2019

Last sale price $1,175,000 $240 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $10,747/month

46 Days on Market

Highlights

  • Community Beach Access
  • Home Theater
  • Second Refrigerator
  • Ocean View
  • Heated In Ground Pool
  • Coastal Architecture

About This Home

As of February 2019

Salty Summers is a hot new offering with plenty of spice! This home has been beautifully rebuilt from top to bottom, inside and out! The spaces are generous and carefree. Custom touches and professional décor make each room sparkle. The modern floor plan has great flow, style and comfort. The kitchen is exceptionally well designed and finished. The high ceilings and large windows make the open living area full of light and views. Enjoy the elevator, eight master suites, home theater, and a spacious recreation room with pool table. Surrounded by crisp landscaping, the outdoor living area features a large heated pool, a kiddie pool, a hot tub, an outdoor bar, and a shaded sitting area. The ground floor welcomes guests with a central recreation room with pool table, media area and a kitchenette with full refrigerator. The cinema-style home theater offers tiered seating and is ideal for movie nights! Two master bunk bedrooms are located on the ground floor. Four spacious master suites complete the mid-level of this home, three of which offer deck access. All bedrooms have en-suite baths. With an open floor plan, vaulted ceilings, and plenty of windows, the top floor is spacious and bright. This area incorporates the dining room, living area, and kitchen. Two master suites complete the top floor. Prime week rent for 2019: $9,090! Flood insurance not required --x flood zone on 2006 maps--high and dry!

Last Agent to Sell the Property

Gray Berryman

Carolina Designs Realty License #214315 Listed on: 11/01/2018

Last Buyer's Agent

Denise Graham

Keller Williams - Outer Banks License #190990

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,793

Year Built

  • Built in 1995

Lot Details

  • Lot Dimensions are 100 x 220
  • Landscaped

HOA Fees

  • $23 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Siding
  • Piling Construction

Interior Spaces

  • 4,902 Sq Ft Home
  • Elevator
  • Furnished
  • Cathedral Ceiling
  • Gas Fireplace
  • Window Treatments
  • Home Theater
  • Game Room
  • Ocean Views

Kitchen

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

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Sun Deck
  • Tiki or Chickee Hut

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Listing and Financial Details

  • Tax Lot 75

Community Details

Overview

  • Ocean Hill Subdivision

Recreation

  • Community Boardwalk
  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,793

Year Built

Built in 1995

Lot Details

0.51 Acres

HOA Fees

$23 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Directions: from 12, turn East on Coral Lane and left on Atlantic. Second left on Ionian and home is on the left.
  • Extras: Beach Access, Boardwalk to Beach, Elevator, Hot Tub, Landscaped, Outside Shower, Sun Deck, Tiki Bar
  • Flood Zone: X
  • Headline: Stunning Home and Views!
  • Heated Sq Ft: 4902
  • L V T Date: 11/01/2018
  • Roads: Paved
  • Sale/Rent: For Sale
  • Section: 1
  • Waterfront Location: 2 - lots from oceanfront (3rd row
  • Zoning: Residentia
  • Deed Book Pg Number: 893
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: No
  • Newpoint Media: Yes
  • Office License Number: C6124
  • Outer Banks Software: Yes
  • Terradatum Inc: No
  • W And R Studios: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 8
  • Countertops: Granite
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Tile, Wood Laminate
  • Foundation: Piling
  • Full Bathrooms: 9
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Gas Connection, Gas Fireplace
  • Optional Rooms: Game Room, Home Theater
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Exterior: Lap Siding, Composite Siding
  • Pool: Yes
  • Pool: Private
  • Pool Type: In Ground, Gunite, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Ocean Access
  • Estimated Annual Fee: 280

Lot Info

  • Lot Size: 100 x 220
  • Lot Number: Lot 75
  • Deed Book: 1307

Rental Info

  • Est Annual Rental Income: 135050
  • Estimated Rental Performance: 0.1149
  • Lease Terms: Weekly
  • Rental Co: Carolina Designs
  • Rental Cottage Name: Salty Summers
  • Rental Cottage Number: 186
  • Rental Phone Number: 252-261-3934
  • Rental Turnover Day: Sunday
  • Rental Contact Email: elaine.breiholz@carolinadesigns.com
  • Rental Contact Name: Elaine Breiholz
  • Rental Contact Phone: 252 261 3934

Building Info

  • Year Built: 1995

Tax Info

  • Year: 2018
  • Taxes: 4793.31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 3, 2022
Sold by
Spencer Michael W
Bought by
Spencer Living Trust
Current Estimated Value
$1,902,912

Purchase Details

Listed on
Nov 1, 2018
Closed on
Feb 5, 2019
Sold by
Himes Cheri J and Himes Arthur J
Bought by
Spencer Michael W and Spencer Maureen T
Seller's Agent
Gray Berryman
Carolina Designs Realty
Buyer's Agent
Denise Graham
Keller Williams - Outer Banks
List Price
$1,249,000
Sold Price
$1,175,000
Premium/Discount to List
-$74,000
-5.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.01%
Original Mortgage
$940,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Feb 4, 2014
Closed on
Oct 16, 2014
Sold by
Grey Cindy L
Bought by
Himes Cheri J and Himes Arthur J
Seller's Agent
Jason Summerton
Twiddy and Company - Wash Woods
Buyer's Agent
Gray Berryman
Carolina Designs Realty
List Price
$660,000
Sold Price
$570,000
Premium/Discount to List
-$90,000
-13.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.70%
Original Mortgage
$417,000
Interest Rate
4.26%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
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
Spencer Living Trust -- --
Spencer Living Trust -- None Listed On Document
Spencer Michael W $1,175,000 None Available
Himes Cheri J $570,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spencer Michael W $940,000
Previous Owner Spencer Michael W $58,750
Previous Owner Himes Cheri J $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/05/2019 02/05/19 Sold $1,175,000 -5.9% $240 / Sq Ft
12/17/2018 12/17/18 Pending -- -- --
11/01/2018 11/01/18 For Sale $1,249,000 +119.1% $255 / Sq Ft
11/18/2014 11/18/14 Sold $570,000 -13.6% $170 / Sq Ft View Prior Sale
09/29/2014 09/29/14 Pending -- -- --
02/04/2014 02/04/14 For Sale $660,000 -- $196 / Sq Ft
Source: Outer Banks Association of REALTORS®

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 $8,570 $1,120,400 $422,300 $698,100
2024 $8,570 $1,120,400 $422,300 $698,100
2023 $8,554 $1,120,400 $422,300 $698,100
2022 $6,328 $1,120,400 $422,300 $698,100
2021 $6,313 $874,800 $386,300 $488,500
2020 $5,036 $874,800 $386,300 $488,500
2019 $5,036 $829,100 $386,300 $442,800
2018 $4,782 $714,900 $386,300 $328,600
2017 $3,768 $714,900 $386,300 $328,600
2016 $3,865 $734,000 $386,300 $347,700
2015 $3,857 $734,000 $386,300 $347,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 102543

Outer Banks Association of REALTORS®

APN: 114C-000-0075-0001

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