NOT LISTED FOR SALE

Estimated Value: $830,000 - $900,000

5 Beds
3.5 Baths
2,334 Sq Ft
$371/Sq Ft Est. Value

Last Sold December 02, 2020

Last sale price $525,000 $225 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $5,086/month

30 Days on Market

Highlights

  • Community Beach Access
  • Health Club
  • Clubhouse
  • Ocean View
  • In Ground Pool
  • Coastal Architecture

About This Home

As of December 2020

Villages at Ocean Hill 5-bedroom, 3.5 bath home with not only ocean and sound views, but views of the Currituck Beach Lighthouse! Situated on a corner lot in an X-flood zone, requiring no flood insurance, this classic vacation rental home features a reverse floor with an open concept great room, dining area, and kitchen, as well as a rec room, private pool and hot tub. Granite breakfast bar and kitchen counters are complemented by stainless-steel appliances, wood cabinetry and a convenient pantry. A screened in porch off the dining area provides another great place to enjoy the vistas offered by almost every room in this house. A powder bath and an oceanside en suite bedroom with private balcony completes the top level. The remaining bedrooms are found on the mid level. Two large bedrooms share a full bathroom and the remaining two guest rooms have use of another full hall bath. Extensive decking on both levels provide additional accessible outside space to relax and enjoy the scenery. Playtime happens on the ground level where the rec room and foosball table are located. And the expansive pool area is just a few steps out the door where you have plenty of room to lounge around the pool or enjoy the hot tub. Villages at Ocean Hill community amenities are also available which include swimming, tennis, basketball and more. Imagine, just a 5 minute walk to the beer garden, or a short mile jaunt to the 4x4 beaches of the famous Corolla wild horses. Near all the great attractions, restaurants and shopping of Corolla, too. This property has all an investor needs when searching for comfort, amenities and location in an OBX vacation rental home.

Last Agent to Sell the Property

Matt Myatt

Keller Williams - Outer Banks License #218707 Listed on: 08/19/2020

Keller Williams - Outer Banks

Co-Listed By

Terry Blocher

Keller Williams - Outer Banks License #271673

Last Buyer's Agent

Denise Schmitt

Corolla Beach Realty License #304519

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,413

Year Built

  • Built in 1992

Lot Details

  • Property fronts a private road
  • Corner Lot
  • Level Lot

HOA Fees

  • $165 Monthly HOA Fees

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

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

Interior Spaces

  • 2,334 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Bay Window
  • Game Room
  • Screened Porch

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

  • In Ground Pool
  • Fiberglass Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

  • Heat Pump System
  • Municipal Utilities District Water
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot 97

Community Details

Overview

  • Association fees include pool, tennis courts, walkways
  • Villages At Ocean Hill Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Beach Access
  • Health Club
  • Tennis Courts
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,413

Year Built

Built in 1992

Lot Details

0

HOA Fees

$165 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Directions: Ocean Trail north to right onto Ocean Hill Court. House is on the NW corner of Windance and Ocean Hill Ct.
  • Extras: Ceiling Fan(s), Covered Decks, Hot Tub, Outside Lighting, Outside Shower, Screened Porch, Sun Deck, Dry Entry
  • Flood Zone: X
  • Headline: Ocean, Sound, Lighthouse Views
  • Heated Sq Ft: 2334
  • L V T Date: 08/19/2020
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Zoning: res
  • Advertised Income 2020: 45595
  • Advertised Income 2021: 31315
  • Deed Book Pg Number: 404
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C30917
  • 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 w/Ice Maker, Washer
  • Bedrooms: 5
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Wood
  • Foundation: Piling
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Bay/Bow Window, Cathedral Ceiling(s), Dryer Connection, Ice Maker Connection, Ensuite, Pantry, Washer Connection, Wood Fireplace
  • Optional Rooms: Game Room, Pantry
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Fiberglass, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean, Sound

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Pool, Tennis Courts, Walkways
  • Association Amenities: Clubhouse, Health Club, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground
  • Association Fee: Yes
  • Estimated Annual Fee: 1978

Lot Info

  • Lot Description: Corner, Level
  • Lot Number: Lot 97
  • Deed Book: 1407

Rental Info

  • Est Annual Rental Income: 43185
  • Estimated Rental Performance: 0.0823
  • Lease Terms: Weekly
  • Rental Co: Sun Realty
  • Rental Cottage Name: Gillty Pleasure
  • Rental Cottage Number: #39
  • Rental Phone Number: 453-8822
  • Rental Turnover Day: SATURDAY
  • Rental Contact Email: Theresemoorefield@sunrealtync.com
  • Rental Contact Name: Therese Moorefield
  • Rental Contact Phone: 453-8822

Building Info

  • Year Built: 1992

Tax Info

  • Year: 2020
  • Taxes: 2413

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2020
Closed on
Nov 6, 2020
Sold by
Milligan John H and Milligan Shannon L
Bought by
Gerhardt Philip J and Gerhardt April N
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Denise Schmitt
Corolla Beach Realty
List Price
$525,000
Sold Price
$525,000
Current Estimated Value
$866,923

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$341,923
Avg. Annual Appreciation
10.83%
Original Mortgage
$472,500
Outstanding Balance
$421,634
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$440,987

Purchase Details

Listed on
Apr 20, 2015
Closed on
May 10, 2017
Sold by
Overfield Walter C and Overfield Gloria M
Bought by
Milligan John H and Milligan Shannon L
Seller's Agent
Paul Sabadash
Sun Realty - Corolla
Buyer's Agent
Scott Wheeler
Celebration Realty
List Price
$489,000
Sold Price
$430,000
Premium/Discount to List
-$59,000
-12.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.82%
Original Mortgage
$365,500
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 2002
Bought by
Overfield Walter C and Overfield Gloria M
Source: Public Records

Range of Values:

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Average Value
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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
Gerhardt Philip J $525,000 None Available
Milligan John H $430,000 Attorney
Overfield Walter C $395,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gerhardt Philip J $472,500
Previous Owner Milligan John H $365,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2020 12/02/20 Sold $525,000 0.0% $225 / Sq Ft
09/18/2020 09/18/20 Pending -- -- --
09/17/2020 09/17/20 For Sale $525,000 0.0% $225 / Sq Ft
08/26/2020 08/26/20 Pending -- -- --
08/19/2020 08/19/20 For Sale $525,000 +22.1% $225 / Sq Ft
05/22/2017 05/22/17 Sold $430,000 -12.1% $174 / Sq Ft
04/07/2017 04/07/17 Pending -- -- --
04/20/2015 04/20/15 For Sale $489,000 -- $197 / 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 $3,899 $474,000 $149,000 $325,000
2023 $3,899 $474,000 $149,000 $325,000
2022 $2,936 $474,000 $149,000 $325,000
2021 $2,921 $390,700 $140,000 $250,700
2020 $2,414 $390,700 $140,000 $250,700
2019 $2,407 $390,700 $140,000 $250,700
2018 $2,407 $390,700 $140,000 $250,700
2017 $2,186 $390,700 $140,000 $250,700
2016 $2,186 $390,700 $140,000 $250,700
2015 $2,186 $390,700 $140,000 $250,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 110626

Outer Banks Association of REALTORS®

APN: 114E-000-0097-0000