$382,000
SOLD APR 11, 2017
5 Beds
4 Baths
2,401 Sq Ft
0.32 Acres

Recently Sold

$159 Per Sq Ft

13% Below List Price

357 Days on Market

Highlights

  • Community Beach Access
  • Health Club
  • Clubhouse
  • Ocean View
  • Spa
  • Coastal Architecture

About This Home

As of April 2020

Surrounded by the quieter side of Corolla in the exclusive Village at Ocean Hill community, where the paved road ends and the 4x4 paradise begins. This second home has 5 bedrooms (3 masters) and 4 full baths. Enjoy views of the lighthouse (especially at night), slight view of the ocean, a SHORT walk to the beach (only 175 feet), and EASY walk to community amenities including two pools (oceanfront and lakefront), fitness center, playground and tennis courts! Beautifully maintained ocean-side home with all the amenities. Open floor plan with 3 master suites. Top Level: Master Bedroom w/queen, kitchen Dining area, great room, screened porch, deck w/hot tub, loft w/seating, and gas fireplace in great room. Mid level: master bedroom w/king, master bedroom w/queen, Bedroom w/pyramid and trundle, bedroom w/twins, full bath, laundry area. Lower Level: BBQ, Enclosed Outdoor Shower, game room w/ping pong table. The sounded pool, tennis court and playground is directly across the street. Location, location, location. In 2012 Kitchen was renovated with new cabinets, countertops, sink/faucet, lights, and dishwasher, exterior was painted, and installed HVAC for upper-level with 10-year warranty. The roof was replaced in 2007 and is still under warranty. In 2014 replaced hot tub motor and cover. 2015 a brand new hot water heater was installed. See associated docs for estimated rental income, detailed expenses, repairs, replacements and more. Sellers used more as a second home than as a rental machine, home could definitely generate higher income. VOH association fee does not cover sewer. Should be plenty of room for a pool.

Last Agent to Sell the Property

Heather VanderMyde

Coldwell Banker Seaside Realty - KDH License #207518 Listed on: 03/14/2016

Coldwell Banker Seaside Realty - KDH

Co-Listed By

Will Gregg

Coldwell Banker Seaside Realty - KDH License #233996

Last Buyer's Agent

Debra Price

Debbie Price, Broker License #108320

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,142

Year Built

  • Built in 1994

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 89x154x67x186
  • Level Lot

HOA Fees

  • $133 Monthly HOA Fees

Parking

  • Paved Parking

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Piling Construction

Interior Spaces

  • 2,401 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Gas Fireplace
  • Loft
  • Screened Porch
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • Spa
  • Outdoor Pool
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Private Sewer

Listing and Financial Details

  • Tax Lot # 91

Community Details

Overview

  • Association fees include management, pool, sewer/septic, tennis courts, walkways
  • Dick Garvey Association
  • Villages At Ocean Hill Subdivision

Amenities

  • Common Area
  • Clubhouse

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,142

Year Built

Built in 1994

Lot Details

0

HOA Fees

$133 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Coastal
  • Extras: Covered Decks, Hot Tub, Outside Shower, Screened Porch, Sun Deck
  • Flood Zone: X
  • Headline: No flood insurance required!!
  • Heated Sq Ft: 2401
  • L V T Date: 03/14/2016
  • Roads: Public
  • Sale/Rent: For Sale
  • Unit Level Number: 3
  • Waterfront Location: 3 - lots from oceanfront (4th row)
  • Zoning: RES
  • Deed Book Pg Number: 0505
  • Office License Number: C7166
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 5
  • Bedroom 1: Master #1, On Level: 3
  • Bedroom 2: Master #2, On Level: 2
  • Bedroom 3: Master#3, On Level: 2
  • Bedroom 4: Guest #4, On Level: 2
  • Bedroom 5: Guest #5, On Level: 2
  • Kitchen: Open, On Level: 3
  • Countertops: Laminate
  • Floor Coverings: Carpet, Ceramic Tile
  • Foundation: Piling, Slab
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Gas Fireplace
  • Dining Room: Open, On Level: 3
  • Game Room: Yes, On Level: Ground
  • Living Room: Fireplace, On Level: 3
  • Optional Rooms: Loft
  • Optional Room 1: Loft, On Level: 3

Exterior Features

  • Construction: Frame
  • Exterior: Wood
  • Pool: Yes
  • Pool: Association
  • Pool Type: Association Pool
  • Roof: Asphalt/Fiber Shingle
  • Screen Porch Size: Yes
  • Street Frontage: 67
  • Sun Deck Size: Large
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Paved

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Management, Pool, Sewer/Septic, Tennis Courts, Walkways
  • Association Amenities: Clubhouse, Health Club, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 1600
  • Hoa Contact: Dick Garvey
  • Home Owner Dwelling Insurance: 2280

Lot Info

  • Estimated Lot Sq Ft: 14000
  • Lot Description: Level
  • Lot Faces: E
  • Lot Size: 89x154x67x186
  • Lot Number: Lot # 91
  • Deed Book: 0300

Rental Info

  • Est Annual Rental Income: 45725
  • Estimated Rental Performance: 0.1197
  • Flood Expenses: 724
  • Lease Terms: Weekly
  • Rental Co: Beach Realty & Construction
  • Rental Cottage Name: Sky Blue Pink
  • Rental Cottage Number: 5049
  • Rental Turnover Day: Sunday
  • Annual Electric: 1254
  • Annual Water Expense: 390

Building Info

  • Year Built: 1994

Tax Info

  • Year: 2016
  • Taxes: 2142

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2019
Closed on
Apr 24, 2020
Sold by
Powall Vincent J and Powall Mary Frances
Bought by
Fraedrich Douglas S and Fraedrich Laura L
Seller's Agent
Ronald Ryan
Keller Williams - Outer Banks
Buyer's Agent
Sarah Spencer
Keller Williams - Outer Banks
List Price
$489,000
Sold Price
$475,000
Premium/Discount to List
-$14,000
-2.86%
Current Estimated Value
$862,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$387,128
Avg. Annual Appreciation
12.25%
Original Mortgage
$380,000
Outstanding Balance
$339,665
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$522,463

Purchase Details

Listed on
Mar 14, 2016
Closed on
Apr 11, 2017
Sold by
Garner Cynthia A
Bought by
Powall Vincent J and Powall Mary Frances
Seller's Agent
Heather VanderMyde
Coldwell Banker Seaside Realty - KDH
Buyer's Agent
Debra Price
Debbie Price, Broker
List Price
$439,000
Sold Price
$382,000
Premium/Discount to List
-$57,000
-12.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.43%
Original Mortgage
$305,600
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 7, 2016
Sold by
Garner Cynthia A
Bought by
Garner Cynthia A and The David W Garner Trust
Source: Public Records

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Range of Values:

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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 $475,000 None Available
Warranty Deed $382,000 Attorney
Interfamily Deed Transfer -- Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $150,000 Credit Line Revolving
Open $380,000 New Conventional
Previous Owner $305,600 New Conventional
Previous Owner $206,666 New Conventional
Previous Owner $50,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2020 04/24/20 Sold $475,000 -2.9% $198 / Sq Ft
02/23/2020 02/23/20 Pending -- -- --
12/18/2019 12/18/19 For Sale $489,000 +28.0% $204 / Sq Ft
04/11/2017 04/11/17 Sold $382,000 -13.0% $159 / Sq Ft
03/06/2017 03/06/17 Pending -- -- --
03/14/2016 03/14/16 For Sale $439,000 -- $183 / 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 $3,757 $470,000 $149,000 $321,000
2023 $3,757 $452,700 $149,000 $303,700
2022 $2,745 $452,700 $149,000 $303,700
2021 $2,730 $383,500 $140,000 $243,500
2020 $2,374 $383,500 $140,000 $243,500
2019 $2,367 $383,500 $140,000 $243,500
2018 $2,367 $383,500 $140,000 $243,500
2017 $2,149 $383,500 $140,000 $243,500
2016 $2,142 $383,500 $140,000 $243,500
2015 $2,125 $383,500 $140,000 $243,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 91550

Outer Banks Association of REALTORS®

APN: 114E-000-0091-0000