Seller's Agent in 2023
Sarah Spencer
Keller Williams - Outer Banks
(252) 202-3357
117 in this area
336 Total Sales
1241 Atlantic Ave Corolla, NC 27927
Corolla NeighborhoodEstimated Value: $2,164,000 - $2,765,652
8
Beds
8.5
Baths
4,909
Sq Ft
$519/Sq Ft
Est. Value
Highlights
- Beach Front
- Ocean View
- 0.8 Acre Lot
- Community Beach Access
- Outdoor Pool
- Second Refrigerator
About This Home
As of March 2023Situated in the sought-after community of Ocean Hill, this grand oceanfront estate will captivate you at every turn. Stunning architectural features abound in this Victorian style reverse floor plan with breathtaking ocean views highlighted throughout the property. When arriving at this prime location, you are greeted with extra parking for all guests and access to a covered ground-level access that yields extensive storage, laundry, game room, covered entertaining areas, and access to a large elevator. Turn on vacation mode as you treat yourself to a full entertaining space complete with foosball, shuffleboard, wet bar, and access to the private pool, outdoor showers, hot tub, and a generous outdoor entertainment space. When entering from the main stairs of this home, you will be welcomed on the expansive open porch into a Main Level foyer leading you to a thoughtfully designed Den entertaining area complete with additional wet bar, access to the back deck and private walkway to the ocean complete with resort style views of the dunes and outdoor entertaining areas. This level offers 5 bedrooms with ensuites as well as an additional duo bunk room and hall bath. The top level offers a fresh design with upgraded, modern kitchen and entertaining areas. The sun-room on this level is a true pleasure offering a rounded bump out providing the perfect opportunity to enjoy the view in the relaxing spa-like environment. There are two additional ensuites on this level with soaking tubs situated perfectly for ultimate privacy. The Owner’s suite on this level features additional handicap accessible features. Each bedroom emphasizes the ocean views perfectly. When retreating to the outside; you will enjoy pool, plenty of relaxing space, a hot tub, and easy access to your private walkway to the ocean and gazebo. You will want for nothing in this beautifully decorated home with all major improvements awaiting your full enjoyment today! New Elevator installed in 2019, kitchen and bath renovations complete, and all HVAC units installed within the last two years. You will not want to miss the opportunity to enjoy this estate with family and friends while basking in the investment opportunity of a lifetime!
Last Agent to Sell the Property
Keller Williams - Outer Banks License #185795 Listed on: 11/07/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,296
Year Built
- Built in 1991
Lot Details
- 0.8 Acre Lot
- Lot Dimensions are 100x350
- Beach Front
- 100 Feet of Waterfront
- Landscaped
- Property is zoned SFO
HOA Fees
- $29 Monthly HOA Fees
Parking
- Tuck Under Parking
Home Design
- Contemporary Architecture
- Victorian Architecture
- Reverse Style Home
- Frame Construction
- Asphalt Shingled Roof
- Wood Siding
- Shake Siding
- Piling Construction
Interior Spaces
- 4,909 Sq Ft Home
- Elevator
- Furnished
- Ceiling Fan
- Ocean Views
- Fire and Smoke Detector
Kitchen
- Oven or Range
- Microwave
- Second Refrigerator
- Ice Maker
- Dishwasher
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- En-Suite Primary Bedroom
Laundry
- Laundry Room
- Dryer
Pool
- Outdoor Pool
- Spa
- Outdoor Shower
Outdoor Features
- Sun Deck
- Covered Deck
- Gazebo
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Municipal Utilities District Water
- Fuel Tank
- Private or Community Septic Tank
Listing and Financial Details
- Tax Lot 34
Community Details
Overview
- Association fees include road maintenance, walkways
- Village Realty Obx/Patty Morri Association, Phone Number (252) 248-3061
- Ocean Hill Subdivision
Recreation
- Community Boardwalk
- Community Beach Access
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 7, 2022
Closed on
Mar 10, 2023
Sold by
Griffith Obx Holdings Llc
Bought by
Kelly Ryan C and Halderman Laura K
Seller's Agent
Sarah Spencer
Keller Williams - Outer Banks
Buyer's Agent
Melanie Day
Landmark Sotheby's International Realty
List Price
$2,995,000
Sold Price
$2,600,000
Premium/Discount to List
-$395,000
-13.19%
Views
115
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$64,876
Avg. Annual Appreciation
-0.84%
Original Mortgage
$1,950,000
Outstanding Balance
$1,899,277
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$648,386
Purchase Details
Listed on
Feb 27, 2013
Closed on
Apr 6, 2015
Sold by
Scher William B and Ellen Macneil C
Bought by
Griffith Obx Holdings Llc
Seller's Agent
Gray Berryman
Carolina Designs Realty
Buyer's Agent
Sandra LaRue
Corolla Beach Realty
List Price
$1,995,000
Sold Price
$1,692,500
Premium/Discount to List
-$302,500
-15.16%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.55%
Original Mortgage
$650,000
Interest Rate
3.87%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kelly Ryan C | $15,600,000 | None Listed On Document | |
| Griffith Obx Holdings Llc | $1,692,500 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kelly Ryan C | $1,950,000 | |
| Previous Owner | Griffith Obx Holdings Llc | $650,000 | |
| Previous Owner | Scher William B | $743,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/16/2023 03/16/23 | Sold | $2,600,000 | -3.5% | $530 / Sq Ft |
| 02/08/2023 02/08/23 | Pending | -- | -- | -- |
| 01/03/2023 01/03/23 | Price Changed | $2,695,000 | -10.0% | $549 / Sq Ft |
| 01/03/2023 01/03/23 | Price Changed | $2,995,000 | +13.0% | $610 / Sq Ft |
| 01/03/2023 01/03/23 | Price Changed | $2,650,000 | -11.5% | $540 / Sq Ft |
| 11/07/2022 11/07/22 | For Sale | $2,995,000 | +77.0% | $610 / Sq Ft |
| 04/06/2015 04/06/15 | Sold | $1,692,500 | -15.2% | $361 / Sq Ft |
| 02/27/2015 02/27/15 | Pending | -- | -- | -- |
| 02/27/2013 02/27/13 | For Sale | $1,995,000 | -- | $426 / Sq Ft |
Source: Outer Banks Association of REALTORS®
Tax History Compared to Growth
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 | $11,256 | $1,510,900 | $904,400 | $606,500 |
| 2023 | $11,256 | $1,510,900 | $904,400 | $606,500 |
| 2022 | $8,296 | $1,510,900 | $904,400 | $606,500 |
| 2021 | $8,281 | $1,634,200 | $1,071,000 | $563,200 |
| 2020 | $9,081 | $1,634,200 | $1,071,000 | $563,200 |
| 2019 | $9,081 | $1,634,200 | $1,071,000 | $563,200 |
| 2018 | $0 | $1,634,200 | $1,071,000 | $563,200 |
| 2017 | $8,229 | $1,634,200 | $1,071,000 | $563,200 |
| 2016 | $8,243 | $1,634,200 | $1,071,000 | $563,200 |
| 2015 | -- | $1,634,200 | $1,071,000 | $563,200 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2023
Amber Bodner Griffith
Keller Williams - Outer Banks
(252) 599-2716
38 in this area
81 Total Sales
-
Buyer's Agent in 2023
Melanie Day
Landmark Sotheby's International Realty
(252) 207-6138
79 in this area
229 Total Sales
-
Seller's Agent in 2015
Gray Berryman
Carolina Designs Realty
(252) 573-9503
45 in this area
201 Total Sales
-
Buyer's Agent in 2015
Sandra LaRue
Corolla Beach Realty
(252) 435-5379
52 in this area
83 Total Sales
Map
Source: Outer Banks Association of REALTORS®
MLS Number: 120756
APN: 114C-000-0034-0001
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Information is deemed reliable but not guaranteed.
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