NOT LISTED FOR SALE

1203 Coral Ln Corolla, NC 27927

Estimated Value: $1,222,000 - $1,554,183

5 Beds
3.5 Baths
2,832 Sq Ft
$483/Sq Ft Est. Value

Last Sold July 13, 2015

Last sale price $590,000 $208 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $7,838/month

76 Days on Market

Highlights

  • Community Beach Access
  • In Ground Pool
  • Cathedral Ceiling
  • Ocean View
  • Coastal Architecture
  • Whirlpool Bathtub

About This Home

As of July 2015

OCEAN VIEWS AND PRICED RIGHT! From "Avalon", you can see and hear the Atlantic Ocean. Terrific views from the HUGE decks and a very short walk to the beach. This five bedroom home sits on a large lot in the community of Ocean Hill, just north of the Currituck Beach Lighthouse. The homes here are widely spaced from one another. The adjacent beach-a broad sandy expanse that is good for shelling, is never crowded. The interior of this home features a colorful décor with lots of wood wainscoting and trim. There are built-in cabinets and six panel solid doors throughout. On the ground level, is a private pool with composite Trex decking. Mid level has a hot tub on the covered deck - nice views from here. On the top level, the great room has a vaulted ceiling, gas fireplace, and a wet bar with wine racks. The ceramic tiled kitchen has a corner island with bar seating for four. There is an adjoining dining area. An elevated Ships Watch area has a game table and views of the ocean. The upstairs master bath is ceramic tiled with a large jet-tub and shower. The screened-in porch is spacious. The top deck overlooks the pool and there is a built-in gazebo area with octagon roof. This "third row" home seems more like a semi-oceanfront with its fabulous views and proximity to the ocean. Priced BELOW tax value so you know you are getting a bargain.

Last Agent to Sell the Property

Scott Wheeler

Celebration Realty License #274905 Listed on: 02/18/2015

Last Buyer's Agent

Scott Wheeler

Celebration Realty License #274905 Listed on: 02/18/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,727

Year Built

  • Built in 1994

Lot Details

  • 0.46 Acre Lot
  • Property fronts a private road

HOA Fees

  • $23 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Frame Construction
  • Asphalt Shingled Roof
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 2,832 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • Screened Porch
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Whirlpool Bathtub
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Sun Deck

Utilities

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

Listing and Financial Details

  • Tax Lot #80

Community Details

Overview

  • Ocean Hill Subdivision

Recreation

  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,727

Year Built

Built in 1994

Lot Details

0

HOA Fees

$23 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Directions: Hwy 12 N, past the Lighthouse, right on Coral Lane at end of street on the left.
  • Extras: Ceiling Fan(s), Hot Tub, Jet Tub, Outside Shower, Screened Porch, Sun Deck, Whirlpool/Spa
  • Flood Zone: X
  • Subdivision Name: Ocean Hill PUD
  • Headline: OCEAN VIEWS & VALUE
  • Heated Sq Ft: 2832
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Section: 1
  • Waterfront Location: 2 - lots from oceanfront (3rd row
  • Zoning: Res
  • Deed Book Pg Number: 487
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 5
  • Countertops: Laminate, Solid Surface
  • Floor Coverings: Carpet, Ceramic Tile, Tile
  • Foundation: Piling
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Gas Connection
  • Optional Rooms: Shipswatch
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Exterior: Shakes
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Estimated Lot Sq Ft: 20000
  • Lot Number: Lot #80
  • Deed Book: 246

Rental Info

  • Est Annual Rental Income: 33100
  • Estimated Rental Performance: 0.0561
  • Lease Terms: Weekly
  • Rental Co: Brindley Beach Vacations
  • Rental Cottage Name: Avalon
  • Rental Cottage Number: OH15
  • Rental Phone Number: 453-3000
  • Rental Turnover Day: Sat

Building Info

  • Year Built: 1994

Tax Info

  • Year: 2014
  • Taxes: 3727.31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2015
Closed on
Jul 7, 2015
Sold by
Alexander Alan Richard and Alexander Elaine Rozman
Bought by
Vallone Ambrose and Vallone Donna
Seller's Agent
Scott Wheeler
Celebration Realty
Buyer's Agent
Scott Wheeler
Celebration Realty
List Price
$695,000
Sold Price
$590,000
Premium/Discount to List
-$105,000
-15.11%
Current Estimated Value
$1,384,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$794,590
Avg. Annual Appreciation
8.33%
Original Mortgage
$350,000
Outstanding Balance
$264,040
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,103,006
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Vallone Ambrose $590,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vallone Ambrose $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/13/2015 07/13/15 Sold $590,000 -15.1% $208 / Sq Ft
05/05/2015 05/05/15 Pending -- -- --
02/18/2015 02/18/15 For Sale $695,000 -- $245 / 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 $6,904 $917,300 $410,000 $507,300
2024 $6,888 $917,300 $410,000 $507,300
2023 $6,138 $917,300 $410,000 $507,300
2022 $5,114 $917,300 $410,000 $507,300
2021 $5,099 $857,000 $375,000 $482,000
2020 $4,812 $857,000 $375,000 $482,000
2019 $4,129 $728,100 $375,000 $353,100
2018 $4,124 $727,200 $375,000 $352,200
2017 $3,834 $707,800 $375,000 $332,800
2016 $3,735 $707,800 $375,000 $332,800
2015 -- $707,800 $375,000 $332,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 86846

Outer Banks Association of REALTORS®

APN: 114C-000-0080-0001