NOT LISTED FOR SALE

1228 Atlantic Ave Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $1,253,009 - $1,954,000

6 Beds
5.5 Baths
3,094 Sq Ft
$502/Sq Ft Est. Value

Last Sold June 22, 2012

Last sale price $850,000 $275 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $8,773/month

84 Days on Market

Highlights

  • Community Beach Access
  • Spa
  • Furnished
  • Ocean Front
  • Cathedral Ceiling
  • Game Room

About This Home

As of June 2012

This nicely appointed home offers 3 large master suites in desirable Ocean Hill! Spacious, open great room on the top level of the home has great ocean views. The large lot offers privacy and is in close proximity to shops, dinning, and the beach. Extensive sun decking, gameroom with pool table and foosball, and great rentals!

Last Agent to Sell the Property

Heather McLay

Landmark Sotheby's International Realty License #188982 Listed on: 02/27/2012

Landmark Sotheby's International Realty

Co-Listed By

Edith Rowe

Brindley Beach Vacations & Sales-Duck License #188824

Last Buyer's Agent

Greg Cremia

Shore Realty License #127284

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,360

Year Built

  • Built in 1995

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 100x200
  • Ocean Front
  • Level Lot
  • Property is zoned RS-1

Parking

  • Paved Parking

Home Design

  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 3,094 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Entrance Foyer
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector
  • Washer

Kitchen

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

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom

Pool

  • Spa
  • Outdoor Shower
  • Fiberglass Pool

Outdoor Features

  • Sun Deck
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tax Lot 63

Community Details

Overview

  • Association fees include management
  • Ocean Hill Subdivision

Recreation

  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,360

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: From NC 12, turn West onto Coral Lane. Left onto Atlantic, house on the left.
  • Extras: Ceiling Fan(s), Hot Tub, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck
  • Headline: 8.6% cap rate!
  • Heated Sq Ft: 3094
  • Roads: Paved
  • Sale/Rent: For Sale
  • Section: 1
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: RS-1
  • Deed Book Pg Number: 945
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 6
  • Countertops: Laminate
  • Floor Coverings: Carpet, Ceramic Tile, Vinyl
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Ice Maker Connection, Ensuite, Washer Connection
  • Optional Rooms: Foyer, Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Shakes, Wood
  • Pool: Yes
  • Pool Type: Outdoor, Fiberglass
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 100
  • View: Ocean

Garage/Parking

  • Parking: Paved

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Management
  • Association Amenities: Ocean Access

Lot Info

  • Estimated Lot Sq Ft: 20000
  • Lot Description: Level
  • Lot Faces: E
  • Lot Size: 100x200
  • Lot Number: Lot 63
  • Deed Book: 864

Rental Info

  • Est Annual Rental Income: 77428
  • Estimated Rental Performance: 0.0911
  • Lease Terms: Weekly
  • Other Expenses: 700000
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Connemara
  • Rental Cottage Number: NO63
  • Rental Phone Number: 252-457-1100
  • Rental Turnover Day: SUN

Building Info

  • Year Built: 1995

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2011
  • Taxes: 3360

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2012
Closed on
Jun 20, 2012
Sold by
Babcock Edward S and Abney Babcock Louisa
Bought by
Martel David B and Barron Deborah M
Seller's Agent
Heather McLay
Landmark Sotheby's International Realty
Buyer's Agent
Greg Cremia
Shore Realty
List Price
$899,000
Sold Price
$850,000
Premium/Discount to List
-$49,000
-5.45%
Current Estimated Value
$1,553,752

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$703,752
Avg. Annual Appreciation
4.64%
Original Mortgage
$417,000
Outstanding Balance
$289,402
Interest Rate
3.86%
Mortgage Type
New Conventional
Estimated Equity
$1,264,350

Purchase Details

Closed on
May 13, 2005
Sold by
Ely John H and Ely Kay T
Bought by
Babcock Edward S and Abney Babcock Louise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,775,000
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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
Martel David B $850,000 None Available
Babcock Edward S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martel David B $417,000
Previous Owner Babcock Edward S $8,775,000
Previous Owner Babcock Edward S $93,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2012 06/22/12 Sold $850,000 -5.5% $275 / Sq Ft
05/21/2012 05/21/12 Pending -- -- --
02/27/2012 02/27/12 For Sale $899,000 -- $291 / 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 $6,416 $830,400 $440,000 $390,400
2023 $5,721 $830,400 $440,000 $390,400
2022 $4,771 $830,400 $440,000 $390,400
2021 $4,601 $728,400 $400,000 $328,400
2020 $4,226 $728,400 $400,000 $328,400
2019 $4,218 $728,400 $400,000 $328,400
2018 $4,218 $728,400 $400,000 $328,400
2017 $3,825 $728,400 $400,000 $328,400
2016 $3,825 $728,400 $400,000 $328,400
2015 $3,825 $728,400 $400,000 $328,400
Source: Public Records

Agents Affiliated with this Home

  • Heather McLay

    Seller's Agent in 2012

    Heather McLay

    Landmark Sotheby's International Realty

    (252) 202-3409

    75 in this area

    175 Total Sales

    Heather McLay
    Section Image
  • Edith Rowe

    Seller Co-Listing Agent in 2012

    Edith Rowe

    Brindley Beach Vacations & Sales-Duck

    (252) 202-6165

    67 in this area

    215 Total Sales

    Edith Rowe
    Section Image
  • Greg Cremia

    Buyer's Agent in 2012

    Greg Cremia

    Shore Realty

    (252) 202-7712

    8 in this area

    47 Total Sales

    Greg Cremia
    Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 73787

Outer Banks Association of REALTORS®

APN: 114C-000-0063-0001

North Carolina Currituck County Corolla 27927 Corolla

1228 Atlantic Ave, Corolla, NC

This home is located at 1228 Atlantic Ave, Corolla, NC 27927 since 27 February 2012 and is currently estimated at $1,553,752, approximately $502 per square foot. This property was built in 1995. 1228 Atlantic Ave is a home located in Currituck County with nearby schools including Knotts Island Elementary School, Currituck County Middle School, and Currituck County High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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