NOT LISTED FOR SALE

1229 Atlantic Ave Corolla, NC 27927

Estimated Value: $1,508,000 - $2,184,000

6 Beds
5.5 Baths
3,540 Sq Ft
$522/Sq Ft Est. Value

Last Sold April 19, 2021

Last sale price $1,310,000 $370 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $10,433/month

59 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Second Refrigerator
  • Community Beach Access
  • Spa
  • Coastal Architecture

About This Home

As of April 2021

Soak up the panoramic ocean views, natural light, and impeccably well-maintained condition of this beautiful oceanfront home located in the sought after community of Ocean Hill in Corolla. Serving as a second home to the original owners, this home boasts a thoughtful design and unique features throughout. On the top floor, an open concept common area is the perfect place to host family & friends. Enjoy the homes well equipped kitchen with granite countertops, stainless appliances, a spacious island, large pantry, and beautiful dining room. The living room offers ample seating, a wet bar with mini-fridge & granite countertop, a half bath, and surrounding windows showcasing the beautiful ocean views. This floor features updated engineered flooring throughout, as well as, two spacious master bedrooms both offering deck access, and walk-in closets. On the second floor you will find three spacious bedrooms (2 bunks, queen, queen) two full baths, a second level den/media room, a queen master suite with direct deck access, and spacious laundry room with storage, shelving, and a full size refrigerator. This floor features oceanside covered decks and hot tub. The ground level features a dry entry just off the garage, perfect for entering after a dip in the ocean or rinse in the outdoor shower, as well as, two storage closets, and an upright ice maker.

Last Agent to Sell the Property

Hunter Davis

Twiddy and Company - Corolla License #301647 Listed on: 12/22/2020

Co-Listed By

Martha Springer

Twiddy and Company - Corolla License #135162

Last Buyer's Agent

Hunter Davis

Twiddy and Company - Corolla License #301647 Listed on: 12/22/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,788

Year Built

  • Built in 1985

Lot Details

  • Beach Front
  • Landscaped

HOA Fees

  • $25 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 3,540 Sq Ft Home
  • Wet Bar
  • Furnished
  • Beamed Ceilings
  • Ceiling Fan
  • Window Treatments
  • Entrance Foyer
  • Ocean Views

Kitchen

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

Flooring

  • Engineered Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Off-Street Parking

Pool

  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

  • Heat Pump System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Listing and Financial Details

  • Tax Lot #28

Community Details

Overview

  • Association fees include road maintenance
  • David Martel Association
  • Ocean Hill Subdivision

Recreation

  • Community Boardwalk
  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,788

Year Built

Built in 1985

Lot Details

0.8 Acres

HOA Fees

$25 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Coastal
  • Directions: Head north on Rt 12, east on Coral Lane, north on Atlantic Avenue, home is on your right.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Common Laundry Area, Covered Decks, Hot Tub, Jet Tub, Landscaped, Outside Lighting, Outside Shower, Sun Deck, Dry Entry
  • Flood Zone: X
  • Headline: Stunning Oceanfront!
  • Heated Sq Ft: 3540
  • L V T Date: 12/22/2020
  • Roads: Paved
  • Sale/Rent: For Sale
  • Section: 1
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 808
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C4556
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Refrigerator w/Ice Maker, Washer, 2nd Refrigerator
  • Bedrooms: 6
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Engineered Wood
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Beamed Ceiling(s), Dryer Connection, Ensuite, Pantry, Walk in Closet, Washer Connection, Wet Bar
  • Optional Rooms: Foyer, Pantry
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Wood
  • Exterior: Cement Fiber Board
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: 1 Car
  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Road Maintenance
  • Association Amenities: Ocean Access
  • Association Fee: Yes
  • Estimated Annual Fee: 300
  • Hoa Contact: David Martel
  • HOA Contact: danddj@verizon.net

Lot Info

  • Lot Description: Beach Frontage, Water Frontage
  • Lot Number: Lot#28
  • Deed Book: 569

Rental Info

  • Est Annual Rental Income: 140400
  • Estimated Rental Performance: 0.1072

Building Info

  • Year Built: 1985

Tax Info

  • Year: 2020
  • Taxes: 7788.05

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 22, 2020
Closed on
Mar 29, 2021
Sold by
Mehrhof Austin L and Mehrhof Trudi M
Bought by
Taylor Cliford M and Taylor Jessica M
Seller's Agent
Hunter Davis
Twiddy and Company - Corolla
Buyer's Agent
Hunter Davis
Twiddy and Company - Corolla
List Price
$1,375,000
Sold Price
$1,310,000
Premium/Discount to List
-$65,000
-4.73%
Current Estimated Value
$1,847,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$537,356
Avg. Annual Appreciation
7.27%
Original Mortgage
$1,048,000
Outstanding Balance
$940,043
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$907,313

Purchase Details

Closed on
Jun 29, 1992
Bought by
Mehrhof Austin I and Mehrhof Trudi M
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
Taylor Cliford M $1,310,000 None Available
Mehrhof Austin I -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taylor Cliford M $1,048,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/19/2021 04/19/21 Sold $1,310,000 -4.7% $370 / Sq Ft
02/19/2021 02/19/21 Pending -- -- --
12/22/2020 12/22/20 For Sale $1,375,000 -- $388 / 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 $9,546 $1,273,900 $904,400 $369,500
2024 $9,546 $1,273,900 $904,400 $369,500
2023 $9,530 $1,273,900 $904,400 $369,500
2022 $6,933 $1,273,900 $904,400 $369,500
2021 $6,918 $1,418,500 $1,071,000 $347,500
2020 $7,788 $1,418,500 $1,071,000 $347,500
2019 $7,788 $1,418,500 $1,071,000 $347,500
2018 $7,788 $1,418,500 $1,071,000 $347,500
2017 $7,059 $1,418,500 $1,071,000 $347,500
2016 $7,059 $1,418,500 $1,071,000 $347,500
2015 $7,059 $1,418,500 $1,071,000 $347,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 112233

Outer Banks Association of REALTORS®

APN: 114C-000-0028-0001

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