NOT LISTED FOR SALE

Estimated Value: $989,000 - $1,030,499

0.22 Acre
$4,586,932 Price per Acre
9,570 Sq Ft Lot

Last Sold April 12, 2019

Last sale price $140,000

Est. 621% increase in value since last sale

Current estimated payment $5,952/month

354 Days on Market

Highlights

  • Community Beach Access
  • Health Club
  • Tennis Courts
  • Lake Front
  • Community Pool

About This Lot

As of April 2019

Last available lakefront building lot on Lakeside Drive in prestigious Villages at Ocean Hill. Park like setting with beautiful live oaks, should offer stunning sound & sunset views and just steps to lakeside pool & fitness center. Extensive community amenities including 2 pools, tennis courts, fitness center, community path throughout the subdivision, playground, county bike/walkway, nature walkway through the sanctuary, stocked fresh water lake, easy beach access and pristine beaches. Close to the four wheel drive beaches, shops, restaurants & sights in Historic Corolla Village!

Last Agent to Sell the Property

Martha Springer

Twiddy and Company - Corolla License #135162 Listed on: 03/16/2018

Co-Listed By

Hunter Davis

Twiddy and Company - Corolla License #301647

Last Buyer's Agent

Martha Springer

Twiddy and Company - Corolla License #135162 Listed on: 03/16/2018

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $600

Lot Details

  • 9,570 Sq Ft Lot
  • Lot Dimensions are 76x125
  • Lake Front
  • Property fronts a private road

HOA Fees

  • $112 Monthly HOA Fees

Additional Features

  • Lake Views
  • Municipal Utilities District for Water and Sewer

Community Details

Overview

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

Recreation

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

Property Details

Property Type

Land

Est. Annual Taxes

$600

Lot Details

0

HOA Fees

$112 per month

Listing Details

  • Class: LOTS/LAND
  • Directions: Ocean Trail North, W. on Ocean Hill Blvd. N on Lakeside Dr. 5th lot on left
  • Flood Zone: X
  • Subdivision Name: Villages at Ocean Hill
  • Headline: Lake Front Retreat
  • L V T Date: 03/16/2018
  • Roads: Private, Paved
  • Sale/Rent: For Sale
  • Waterfront Location: Lakefront
  • Zoning: RES
  • Deed Book Pg Number: 772
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C4556
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Lake/River

Utilities

  • Sewer/Septic System: Municipal Sewer
  • Water: Municipal
  • Electric: Available

Condo/Co-op/Association

  • Association Amenities: Health Club, Ocean Access, Outdoor-Comm. Tennis, Outdoor-Comm. Pool, Playground, Boardwalk to Beach
  • Association Fee: Yes
  • Estimated Annual Fee: 1341
  • Fee Includes: Management, Pool, Road Maintenance, Tennis Courts, Walkways

Lot Info

  • Estimated Lot Sq Ft: 9570
  • Lot Description: Water Frontage
  • Lot Faces: W
  • Lot Size: 76x125
  • Estimated Lot Size: 0.22
  • Deed Book: 1033
  • Unit/Lot Number: Lot#60

Tax Info

  • Year: 2017
  • Taxes: 600

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 9, 2022
Sold by
Smith Juliana Pa and Smith Kingston E
Bought by
1248 Lakeside Drive Llc
Current Estimated Value
$1,009,125

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Outstanding Balance
$145,527
Interest Rate
6.61%
Mortgage Type
Construction
Estimated Equity
$863,598

Purchase Details

Listed on
Mar 16, 2018
Closed on
Apr 12, 2019
Sold by
Weltman Arlene R and Baron Sara
Bought by
Smith Juliana P
Seller's Agent
Martha Springer
Twiddy and Company - Corolla
Buyer's Agent
Martha Springer
Twiddy and Company - Corolla
List Price
$180,000
Sold Price
$140,000
Premium/Discount to List
-$40,000
-22.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.22%
Original Mortgage
$100,000
Interest Rate
4.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 11, 2008
Sold by
Springer Gary and Springer Martha
Bought by
Weltman Arlene R
Source: Public Records

Range of Values:

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Average Value
Not Available
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
1248 Lakeside Drive Llc -- --
Smith Juliana P $140,000 None Available
Weltman Arlene R $270,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1248 Lakeside Drive Llc $150,000
Previous Owner Smith Juliana P $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2019 04/12/19 Sold $140,000 -17.6% --
03/05/2019 03/05/19 Pending -- -- --
02/16/2019 02/16/19 Price Changed $170,000 -5.6% --
03/16/2018 03/16/18 For Sale $180,000 -- --
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 $4,218 $535,900 $85,000 $450,900
2023 $527 $439,100 $85,000 $354,100
2022 $434 $85,000 $85,000 $0
2021 $434 $125,000 $125,000 $0
2020 $663 $125,000 $125,000 $0
2019 $663 $125,000 $125,000 $0
2018 $663 $125,000 $125,000 $0
2017 $600 $125,000 $125,000 $0
2016 $600 $125,000 $125,000 $0
2015 -- $125,000 $125,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 99692

Outer Banks Association of REALTORS®

APN: 114E-000-0060-0000