NOT LISTED FOR SALE

123 Salt House Rd Corolla, NC 27927

Corolla Area

Estimated Value: $3,379,000 - $4,669,000

9 Beds
8.5 Baths
6,200 Sq Ft
$627/Sq Ft Est. Value

Sale Details

Date Sold: May 23, 2018

Last sale price $2,600,000 $419 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $22,648 / mo

Highlights

  • Beach Front
  • Ocean View
  • Home Theater
  • Knotts Island Elementary School Rated 9+
  • Health Club
  • In Ground Pool

About This Home

As of May 2018

$200,000 Renovation!!! "Utopia" has the ability to generate over 300k annually. "Utopia" is a nine bedroom home completely customized with unobstructed views of the Atlantic Ocean and the Currituck Sound. The property has the potential to be turned into a 10 bedroom home and an income ceiling significantly higher than it currently generates . Complete with a customized outdoor entertaining area by the pool with a direct beach access for time on the beach. Theater room, Elevator, Game room and all the amenities to enjoy a luxurious vacation on the Outer Banks and a great opportunity to own a wonderful investment in the most exclusive area on the Outer Banks. There are not many properties on the entire Outer Banks that have views in every direction like "Utopia".

Last Agent to Sell the Property

Tim Lancsek

Surfside Realty License #210399 Listed on: 04/09/2018

Surfside Realty

Last Buyer's Agent

Martha Springer

Twiddy and Company - Corolla License #135162

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,914

Year Built

  • Built in 2002

Lot Details

  • Beach Front
  • Landscaped
  • Sprinkler System

HOA Fees

  • $280 Monthly HOA Fees

Property Views

  • Ocean
  • Views of a Sound
  • Park or Greenbelt

Home Design

  • Craftsman Architecture
  • Coastal Architecture
  • Mediterranean Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 6,200 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Home Theater
  • Library
  • Game Room

Kitchen

  • Built-In Oven
  • Microwave
  • Second Refrigerator
  • Freezer
  • Ice Maker
  • Second Dishwasher
  • Marble Countertops
  • Compactor

Flooring

  • Wood
  • Carpet
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • En-Suite Primary Bedroom
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • Garage
  • Carport
  • Tuck Under Parking

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Patio
  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Municipal Utilities District for Water and Sewer

Listing and Financial Details

  • Tax Lot 261

Community Details

Overview

  • Association fees include cable, common electric, common insurance, flood insurance, grounds maintenance, management, pool, sewer/septic, tennis courts
  • Built by Lane
  • Pine Island Pud Subdivision

Recreation

  • Health Club
  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,914

Year Built

Built in 2002

Lot Details

0.4 Acres

HOA Fees

$280 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Mediterranean, Reverse Floor Plan, Craftsman, Coastal
  • Directions: Heading north to Corolla on 12 turn right on Salt House home is on the right.
  • Extras: Beach Access, Ceiling Fan(s), Common Laundry Area, Covered Decks, Elevator, Hot Tub, Jet Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Patio, Security System, Smoke Detector(s), Sun Deck
  • Flood Zone: VE
  • Subdivision Name: Pine Island
  • Heated Sq Ft: 6200
  • L V T Date: 04/09/2018
  • Roads: Public
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: resid
  • Deed Book Pg Number: 7
  • Office License Number: C21933
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Compactor, Dishwasher, Dryer, Freezer, Ice Machine, Microwave, Range/Oven, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 9
  • Countertops: Marble
  • Floor Coverings: Carpet, Ceramic Tile, Marble, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 8
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Washer Connection, Wet Bar
  • Optional Rooms: Foyer, Game Room, Library/Study, Office, Pantry, Home Theater, Media Room
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: Lane
  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: In Ground, Vinyl, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean, Park Serv/Preserve, Sound

Garage/Parking

  • Garage: 2 Car, Attached
  • Parking: Under

Utilities

  • Heating: Central, Electric, Forced Air
  • Sewer/Septic System: Municipal Sewer
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Cable, Common Electric, Common Insurance, Flood Insurance, Grounds Maintenance, Management, Pool, Sewer/Septic, Tennis Courts
  • Association Amenities: Health Club, Outdoor-Comm. Pool, Outdoor-Comm. Tennis
  • Estimated Annual Fee: 3355

Lot Info

  • Lot Description: Beach Frontage, Water Frontage
  • Lot Faces: West
  • Lot Number: Lot 261
  • Deed Book: 1056

Rental Info

  • Est Annual Rental Income: 297670
  • Estimated Rental Performance: 0.1145
  • Lease Terms: Weekly
  • Rental Co: Twiddy and Company

Building Info

  • Year Built: 2002

Tax Info

  • Year: 2016
  • Taxes: 8914

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 16, 2024
Sold by
Bought by
Current Estimated Value
$3,888,023

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,578,510
Interest Rate
0.0635%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 9, 2018
Closed on
May 23, 2018
Sold by
Bought by
Seller's Agent
Tim Lancsek
Surfside Realty
Buyer's Agent
Martha Springer
Twiddy and Company - Corolla
List Price
$2,699,000
Sold Price
$2,600,000
Premium/Discount to List
-$99,000
-3.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.07%
Original Mortgage
$1,170,000
Interest Rate
0.044%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 29, 2005
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$4,300,000 None Listed On Document
$2,600,000 None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,578,510
Previous Owner $9,100,000
Previous Owner $1,170,000
Previous Owner $685,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/23/2018 05/23/18 Sold $2,600,000 -3.7% $419 / Sq Ft
04/09/2018 04/09/18 For Sale $2,699,000 -- $435 / Sq Ft
04/02/2018 04/02/18 Pending -- -- --
Source: Outer Banks Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $14,941 $2,027,900 $1,277,200 $750,700
2024 $14,941 $2,027,900 $1,277,200 $750,700
2023 $14,951 $1,995,600 $1,277,200 $718,400
2022 $10,815 $1,995,600 $1,277,200 $718,400
2021 $10,800 $1,777,300 $1,097,600 $679,700
2020 $9,888 $1,777,300 $1,097,600 $679,700
2019 $9,870 $1,777,300 $1,097,600 $679,700
2018 $9,870 $1,777,300 $1,097,600 $679,700
2017 $8,944 $1,777,300 $1,097,600 $679,700
2016 $8,944 $1,777,300 $1,097,600 $679,700
2015 $8,944 $1,777,300 $1,097,600 $679,700
Source: Public Records

Agents Affiliated with this Home

  • Tim Lancsek

    Seller's Agent in 2018

    Tim Lancsek

    RE/MAX

    (252) 619-6089

    121 Total Sales

    Tim Lancsek
    Section Image
  • Martha Springer

    Buyer's Agent in 2018

    Martha Springer

    Twiddy and Company - Corolla

    (252) 982-6045

    97 Total Sales

    Martha Springer
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 99995

Outer Banks Association of REALTORS®

APN: 127C-000-0261-0000

North Carolina Currituck County Corolla 27927

123 Salt House Rd, Corolla, NC

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.

Outer Banks Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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