$1,692,500
SOLD APR 6, 2015
8 Beds
7.5 Baths
4,683 Sq Ft
0.8 Acres

Recently Sold

$361 Per Sq Ft

15% Below List Price

730 Days on Market

Highlights

  • Beach Front
  • Concrete Pool
  • Coastal Architecture
  • Ocean View
  • Second Refrigerator
  • Cathedral Ceiling

About This Home

As of March 2023

$181,440 in gross income is a testament to the popularity of this home. Captivating ocean views, alluring architecture, and a generous floor plan are hallmarks of this grande dame of the Corolla. Surf and white sand vistas are yours to enjoy from most rooms in the home. Plentiful covered and sun decks grace this oceanfront retreat. The private pool is positioned on the mid-level and features a pleasing elevation for gazing at the water and enjoying summer breezes. The large kitchen, elevator, great room, media room, ocean room and multiple masters create expansive living areas that are perfect for decadent relaxation. The 100 foot wide lot offers added privacy and space.

Last Agent to Sell the Property

Gray Berryman

Carolina Designs Realty License #214315 Listed on: 02/27/2013

Last Buyer's Agent

Sandra LaRue

Corolla Beach Realty License #244093

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,229

Year Built

  • Built in 1991

Lot Details

  • Beach Front
  • Landscaped
  • Property is zoned RO1

HOA Fees

  • $23 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 4,683 Sq Ft Home
  • Elevator
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Library
  • Ocean Views

Kitchen

  • Oven or Range
  • Second Refrigerator
  • Second Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Walk-In Closet
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • Tuck Under Parking
  • Off-Street Parking

Pool

  • Concrete Pool
  • Gunite Pool
  • Outdoor Pool
  • Spa

Additional Features

  • Gazebo
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 34

Community Details

Overview

  • Ocean Hill Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,229

Year Built

Built in 1991

Lot Details

0

HOA Fees

$23 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Elevator, Gazebo, Hot Tub, Jet Tub, Landscaped
  • Headline: Gracious and Charming
  • Heated Sq Ft: 4683
  • Roads: Paved
  • Sale/Rent: For Sale
  • Section: 1
  • Waterfront Location: Oceanfront
  • Zoning: RO1
  • Deed Book Pg Number: 083
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 8
  • Floor Coverings: Carpet, Ceramic Tile
  • Foundation: Piling
  • Full Bathrooms: 7
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Gas Fireplace, Walk in Closet
  • Optional Rooms: Library/Study
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Exterior: Shakes, Wood, Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, Gunite, Concrete, Heated
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Off Street, Under

Utilities

  • Cooling: Central
  • Heating: Central
  • Oilgas Severed Pre Owner: No Representation

Condo/Co-op/Association

  • Association Fee: Yes
  • Estimated Annual Fee: 280

Lot Info

  • Lot Description: Beach Frontage
  • Lot Number: Lot 34
  • Deed Book: 606

Rental Info

  • Est Annual Rental Income: 181440
  • Estimated Rental Performance: 0.1072
  • Lease Terms: Weekly
  • Other Expenses: 2
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Gray Swan
  • Rental Cottage Number: N034
  • Rental Phone Number: 453 6406
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 1991

Tax Info

  • Year: 2014
  • Taxes: 8229.33

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
$2,535,124

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
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $15,600,000 None Listed On Document
Warranty Deed $1,692,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,950,000 New Conventional
Previous Owner $650,000 Purchase Money Mortgage
Previous Owner $743,000 Adjustable Rate Mortgage/ARM
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

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 $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

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 78229

Outer Banks Association of REALTORS®

APN: 114C-000-0034-0001