Seller's Agent in 2018
Sarah Spencer
Keller Williams - Outer Banks
(252) 202-3357
90 in this area
287 Total Sales
1213 Coral Ln Corolla, NC 27927
Estimated Value: $1,069,101 - $1,291,000
6
Beds
5.5
Baths
3,000
Sq Ft
$398/Sq Ft
Est. Value
Highlights
- Community Beach Access
- Concrete Pool
- Engineered Wood Flooring
- Ocean View
- Coastal Architecture
- Hydromassage or Jetted Bathtub
About This Home
As of August 2018When searching for the perfect beach house...one that has been lovingly maintained, with some ocean views, bright interior, steps to the beach, with all the amenities guests love... like pool and gameroom, providing fantastic rental income, on a generous-sized lot, just a short bike ride from the quaint town of old Corolla...look no further. This oceanside home boasts a reverse floor plan, with the living room, dining area and kitchen on the top floor forming a trio of updated and bright living spaces that open to wide decks to take in the views and the salt air of the Atlantic ocean. Just a short walk to the private community access to one of the most beautiful stretches of beaches in Corolla. The kitchen boasts granite and quartz counters, the floors in the main living areas are wood, the bathrooms have updated granite tops and ceramic tiled floors. Other features include gas fireplace, ships watch, gameroom with a junior pool and air hockey table, kitchenette and TV/DVD. The bedrooms are configured to allow for plenty of room, with one master on the top floor, two on the mid-level and three additional bedrooms between the mid and ground floor. Soak up the sun around the 16X32 foot concrete and tile pool, relax in the six person hot tub or shoot some hoops in the driveway. Most importantly, this home is in pristine condition and updated coastal decor making it a favorite of Corolla guests, with the rental income to prove it. Currently, this home's weekly vacation rental program is managed by the homeowner through VRBO. Local property management projects the same income of $75,000 with room to improve with shoulder seasons opened up.
Last Agent to Sell the Property
Keller Williams - Outer Banks License #185795 Listed on: 05/30/2018
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,595
Year Built
- Built in 2002
Lot Details
- 0.49 Acre Lot
- Property fronts a private road
- Level Lot
HOA Fees
- $24 Monthly HOA Fees
Home Design
- Coastal Architecture
- Reverse Style Home
- Slab Foundation
- Frame Construction
- Asphalt Shingled Roof
- Shake Siding
- Piling Construction
- Cement Board or Planked
Interior Spaces
- 3,000 Sq Ft Home
- Wet Bar
- Furnished
- Ceiling Fan
- Gas Fireplace
- Game Room
- Ocean Views
Kitchen
- Oven or Range
- Microwave
- Dishwasher
- Granite Countertops
Flooring
- Engineered Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- En-Suite Primary Bedroom
- Hydromassage or Jetted Bathtub
Laundry
- Dryer
- Washer
Pool
- Concrete Pool
- In Ground Pool
- Outdoor Pool
- Spa
- Outdoor Shower
Outdoor Features
- Sun Deck
- Covered Deck
Utilities
- Zoned Heating and Cooling System
- Heat Pump System
- Municipal Utilities District Water
- Private or Community Septic Tank
Listing and Financial Details
- Legal Lot and Block 85 / 1
Community Details
Overview
- Association fees include road maintenance, walkways
- Ocean Hill Subdivision
Recreation
- Community Beach Access
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 16, 2020
Sold by
Keating Daniel J and Keating Janice M
Bought by
Keating Daniel James and Keating Janice Marie
Current Estimated Value
Purchase Details
Listed on
May 30, 2018
Closed on
Aug 24, 2018
Sold by
Collins William T
Bought by
Keating Daniel J and Keating Janice M
Seller's Agent
Sarah Spencer
Keller Williams - Outer Banks
Buyer's Agent
Hunter Davis
Twiddy and Company - Corolla
List Price
$749,000
Sold Price
$725,000
Premium/Discount to List
-$24,000
-3.2%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.81%
Original Mortgage
$650,000
Outstanding Balance
$562,141
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$630,384
Purchase Details
Closed on
Feb 12, 2004
Bought by
Collins William T and Collins Lynn A
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Keating Daniel James | -- | None Available | |
| Keating Daniel J | $725,000 | None Available | |
| Collins William T | $854,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Keating Daniel J | $650,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/24/2018 08/24/18 | Sold | $725,000 | -3.2% | $242 / Sq Ft |
| 07/11/2018 07/11/18 | Pending | -- | -- | -- |
| 05/30/2018 05/30/18 | For Sale | $749,000 | -- | $250 / 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 | $5,606 | $731,800 | $256,300 | $475,500 |
| 2024 | $5,606 | $731,800 | $256,300 | $475,500 |
| 2023 | $5,590 | $731,800 | $256,300 | $475,500 |
| 2022 | $4,168 | $731,800 | $256,300 | $475,500 |
| 2021 | $4,153 | $675,900 | $256,300 | $419,600 |
| 2020 | $3,852 | $675,900 | $256,300 | $419,600 |
| 2019 | $3,963 | $675,900 | $256,300 | $419,600 |
| 2018 | $3,963 | $675,900 | $256,300 | $419,600 |
| 2017 | $3,595 | $675,900 | $256,300 | $419,600 |
| 2016 | $3,605 | $675,900 | $256,300 | $419,600 |
| 2015 | -- | $675,900 | $256,300 | $419,600 |
Source: Public Records
Agents Affiliated with this Home
-
Sarah Spencer
-
Hunter Davis
Buyer's Agent in 2018
Hunter Davis
Twiddy and Company - Corolla
(704) 936-6456
103 in this area
159 Total Sales
Map
Source: Outer Banks Association of REALTORS®
MLS Number: 100702
APN: 114C-000-0085-0001
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Information is deemed reliable but not guaranteed.
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