NOT LISTED FOR SALE

1219 Bismark Dr Corolla, NC 27927

Estimated Value: $1,153,000 - $1,327,397

6 Beds
6.5 Baths
4,733 Sq Ft
$257/Sq Ft Est. Value

Last Sold July 08, 2020

Last sale price $400,124 $85 Per Sq Ft

Est. 205% increase in value since last sale

Current estimated payment $6,913/month

120 Days on Market

Highlights

  • Community Beach Access
  • Coastal Architecture
  • Wet Bar
  • Outdoor Pool
  • Cathedral Ceiling
  • Covered Deck

About This Home

As of July 2020

Located in the Ocean Hill neighborhood and built in 1995, this vacation home offers approximately 4733 finished square feet, six bedrooms, six full and one half bath, kitchen with white cabinetry, living room with fireplace, wet bar and rec room in lower level, patio, decks, in-ground pool and built in one car carport. This home sits on an approximate 26402 sqft lot.

Last Agent to Sell the Property

Sherry Price

OWNERS.com License #280923 Listed on: 02/06/2020

Last Buyer's Agent

Kathy Samson

WatersEdge Realty License #278226

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,301

Year Built

  • Built in 1995

Lot Details

  • 0.61 Acre Lot
  • Property fronts a private road
  • Level Lot

HOA Fees

  • $23 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 4,733 Sq Ft Home
  • Wet Bar
  • Cathedral Ceiling
  • Gas Fireplace

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom

Outdoor Features

  • Outdoor Pool
  • Sun Deck
  • Covered Deck

Utilities

  • Central Air
  • Heat Pump System
  • Municipal Utilities District Water

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Tax Lot 107

Community Details

Overview

  • Association fees include road maintenance
  • Ocean Hill Subdivision

Amenities

  • Common Area

Recreation

  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,301

Year Built

Built in 1995

Lot Details

0

HOA Fees

$23 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Bank Owned: Yes
  • Extras: Covered Decks, Sun Deck
  • Heated Sq Ft: 4733
  • L V T Date: 02/06/2020
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: More than 5th row
  • Zoning: Res
  • Deed Book Pg Number: 287
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: 20
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 6
  • Foundation: Piling
  • Full Bathrooms: 6
  • Interior Amenities: Cathedral Ceiling(s), Gas Fireplace, Ensuite, Wet Bar
  • Optional Rooms: Office
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Exterior: Wood
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, Private Pool
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Garage: Carport

Utilities

  • Cooling: Central
  • Heating: Heat Pump
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Road Maintenance
  • Association Amenities: Ocean Access, Common Area
  • Estimated Annual Fee: 280

Lot Info

  • Estimated Lot Sq Ft: 26402
  • Lot Description: Level
  • Lot Number: Lot 107
  • Estimated Lot Size: 0.61
  • Deed Book: 1491

Building Info

  • Year Built: 1995

Tax Info

  • Year: 2019
  • Taxes: 4301.17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2020
Closed on
Jun 11, 2020
Sold by
Bank Of New York Mellon Trust Co Na
Bought by
Silver Frederick and Silver Lisa Lutz
Seller's Agent
Sherry Price
OWNERS.com
Buyer's Agent
Kathy Samson
WatersEdge Realty
List Price
$554,500
Sold Price
$400,124
Premium/Discount to List
-$154,376
-27.84%
Current Estimated Value
$1,218,599

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$818,475
Avg. Annual Appreciation
22.44%

Purchase Details

Closed on
Jul 10, 2019
Sold by
Wade Michelle and Estate Of Malcolm Houston
Bought by
Bank Of New York Mellon Trust Company and Jpmorgan Chase Bank Na

Purchase Details

Closed on
Nov 15, 2005
Sold by
Houston Malcolm W
Bought by
Houston Malcolm and Malcolm Houston Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5.84%
Mortgage Type
New Conventional
Source: Public Records
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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
Silver Frederick $400,500 None Available
Bank Of New York Mellon Trust Company $691,000 None Available
Houston Malcolm -- None Available
Malcolm Houston Revocable Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Malcolm Houston Revocable Trust $650,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/08/2020 07/08/20 Sold $400,124 -7.3% $85 / Sq Ft
05/01/2020 05/01/20 Price Changed $431,600 -8.9% $91 / Sq Ft
04/02/2020 04/02/20 Price Changed $474,000 -6.8% $100 / Sq Ft
03/18/2020 03/18/20 Price Changed $508,500 -7.8% $107 / Sq Ft
02/28/2020 02/28/20 Price Changed $551,700 -0.5% $117 / Sq Ft
02/13/2020 02/13/20 For Sale $554,500 +38.6% $117 / Sq Ft
02/11/2020 02/11/20 Off Market $400,124 -- --
02/06/2020 02/06/20 For Sale $554,500 -- $117 / 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 $6,201 $789,900 $250,400 $539,500
2024 $6,201 $789,900 $250,400 $539,500
2023 $6,185 $789,900 $250,400 $539,500
2022 $4,602 $789,900 $250,400 $539,500
2021 $4,587 $734,000 $250,400 $483,600
2020 $4,301 $734,000 $250,400 $483,600
2019 $4,288 $734,000 $250,400 $483,600
2018 $4,288 $734,000 $250,400 $483,600
2017 $3,901 $734,000 $250,400 $483,600
2016 $3,901 $734,000 $250,400 $483,600
2015 $3,901 $734,000 $250,400 $483,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 108200

Outer Banks Association of REALTORS®

APN: 114C-000-0107-0001