NOT LISTED FOR SALE

1251 Atlantic Ave Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $1,382,000 - $3,049,000

10 Beds
10.5 Baths
4,995 Sq Ft
$514/Sq Ft Est. Value

Last Sold December 19, 2019

Last sale price $2,128,250 $426 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $14,690/month

277 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Concrete Pool
  • Community Beach Access
  • Home Theater
  • 0.88 Acre Lot

About This Home

As of December 2019

Exceptional oceanfront investment opportunity. Custom built in 2012 by Olin Finch with attention to every detail. 10 master suites with 2 on the top level. The entire home was professionally decorated. Large gourmet kitchen with double of every appliance! This home has every amenity you could possibly want with an elevator, theater room, cabana, over sized hot tub, game room with kitchenette and more! The large oceanfront deck offers exceptional views. Fantastic investment opportunity with strong rental history consistently at $260,000 per year. Ideal to enjoy family vacations. Please request financial information.

Last Agent to Sell the Property

Edith Rowe

Brindley Beach Vacations & Sales-Duck License #188824 Listed on: 02/01/2019

Co-Listed By

Catherine Strachan

Brindley Beach Vacations & Sales-Duck License #246162

Last Buyer's Agent

Danielle Taylor

Keller Williams - Outer Banks License #273134

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,828

Year Built

  • Built in 2012

Lot Details

  • 0.88 Acre Lot
  • Lot Dimensions are 110x350
  • Beach Front
  • Property fronts a private road
  • Cul-De-Sac
  • Landscaped
  • Corner Lot
  • Level Lot

HOA Fees

  • $24 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 4,995 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Home Theater
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Engineered Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking
  • Reserved Parking

Pool

  • Concrete Pool
  • In Ground Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Exterior Lighting
  • Tiki or Chickee Hut

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Listing and Financial Details

  • Tax Lot 39

Community Details

Overview

  • Association fees include management, road maintenance
  • Built by Olin Finch
  • Ocean Hill Subdivision

Recreation

  • Community Boardwalk
  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,828

Year Built

Built in 2012

Lot Details

0

HOA Fees

$24 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Nags Head, Coastal
  • Directions: East onto Coral Lane, North onto Bismark, North on Atlantic. House is on the ocean past Adriatic.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Elevator, Hot Tub, Landscaped, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck, Tiki Bar
  • Flood Zone: VE
  • Subdivision Name: Ocean Hill & Improvements
  • Headline: Positive Cash Flow!
  • Heated Sq Ft: 4995
  • L V T Date: 02/01/2019
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Section: 1
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Advertised Income 2020: 208130
  • Deed Book Pg Number: E/43
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C14121
  • 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, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 10
  • Bedroom 1: On Level: 3
  • Bedroom 2: On Level: 3
  • Kitchen: On Level: 3
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood, Engineered Wood
  • Foundation: Piling
  • Full Bathrooms: 10
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Some Windows Treated, Washer Connection, Wet Bar, 1st Flr Ensuite
  • Dining Room: On Level: 3
  • Family Room: On Level: 3
  • Game Room: On Level: Ground
  • Living Room: On Level: 3
  • Optional Rooms: Foyer, Game Room, Pantry, Home Theater, Media Room
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: Olin Finch
  • Construction: Frame, Wood
  • Exterior: Shakes, Wood
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Concrete, Custom, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 110
  • View: Ocean

Garage/Parking

  • Parking: Paved, Reserved, Off Street

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Management, Road Maintenance
  • Association Amenities: Ocean Access
  • Association Fee: Yes
  • Estimated Annual Fee: 290

Lot Info

  • Estimated Lot Sq Ft: 38500
  • Lot Description: Beach Frontage, Corner, Cul-de-sac, Level, Water Frontage
  • Lot Faces: W
  • Lot Size: 110x350
  • Lot Number: Lot 39
  • Estimated Lot Size: 0.88
  • Deed Book: 13

Rental Info

  • Lease Terms: Weekly
  • Other Expenses: 1068300
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Beach Plaza
  • Rental Cottage Number: N039
  • Rental Phone Number: 888-710-2120
  • Rental Turnover Day: Saturday
  • Rental Contact Email: jkavanaugh@twiddy.com
  • Rental Contact Name: Jen Kavanaugh
  • Rental Contact Phone: 888-710-2120

Building Info

  • Year Built: 2012

Tax Info

  • Year: 2018
  • Taxes: 8828

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 1, 2021
Sold by
Marques Rodrigo H and Marques Elizabeth A
Bought by
1251 Atlantic Avenue Llc
Current Estimated Value
$2,569,650

Purchase Details

Closed on
Mar 12, 2020
Sold by
Maryues Family Limited Partnership Ltd
Bought by
Marques Rodrigo H and Marques Elizabeth A

Purchase Details

Listed on
Feb 1, 2019
Closed on
Dec 19, 2019
Sold by
Richardson Robert H and Richardson Laura R
Bought by
Marques Family Limited Partnership Ltd
Seller's Agent
Edith Rowe
Brindley Beach Vacations & Sales-Duck
Buyer's Agent
Danielle Taylor
Keller Williams - Outer Banks
List Price
$2,350,000
Sold Price
$2,128,250
Premium/Discount to List
-$221,750
-9.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.20%
Original Mortgage
$1,400,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 10, 2012
Sold by
Richardson Robert H and Richardson Laura R
Bought by
Richardson Robert H and Richardson Laura R

Purchase Details

Closed on
Sep 28, 2011
Sold by
Fellenzer Archie D and Fellenzer Alice G
Bought by
Richardson Robert H and Richardson Laura R
Source: Public Records

Range of Values:

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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
1251 Atlantic Avenue Llc -- None Available
Marques Rodrigo H -- None Available
Marques Family Limited Partnership Ltd $2,128,500 None Available
Richardson Robert H -- None Available
Richardson Robert H $950,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Marques Family Limited Partnership Ltd $1,400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2019 12/19/19 Sold $2,128,250 -3.3% $426 / Sq Ft
11/05/2019 11/05/19 Pending -- -- --
10/07/2019 10/07/19 Price Changed $2,199,999 -4.3% $440 / Sq Ft
04/07/2019 04/07/19 Price Changed $2,299,000 -2.2% $460 / Sq Ft
02/01/2019 02/01/19 For Sale $2,350,000 -- $470 / 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 $12,521 $1,685,200 $949,600 $735,600
2023 $11,127 $1,685,200 $949,600 $735,600
2022 $9,218 $1,685,200 $949,600 $735,600
2021 $9,203 $1,614,700 $1,068,300 $546,400
2020 $8,973 $1,614,700 $1,068,300 $546,400
2019 $8,973 $1,614,700 $1,068,300 $546,400
2018 $0 $1,614,700 $1,068,300 $546,400
2017 $8,001 $1,614,700 $1,068,300 $546,400
2016 $8,001 $1,614,700 $1,068,300 $546,400
2015 $8,001 $1,614,700 $1,068,300 $546,400
Source: Public Records

Agents Affiliated with this Home

  • Edith Rowe

    Seller's Agent in 2019

    Edith Rowe

    Brindley Beach Vacations & Sales-Duck

    (252) 202-6165

    67 in this area

    215 Total Sales

    Edith Rowe
    Section Image
  • Catherine Strachan

    Seller Co-Listing Agent in 2019

    Catherine Strachan

    Brindley Beach Vacations & Sales-Duck

    (252) 489-9540

    54 in this area

    177 Total Sales

    Catherine Strachan
    Section Image
  • Danielle Taylor

    Buyer's Agent in 2019

    Danielle Taylor

    Keller Williams - Outer Banks

    (252) 489-9185

    44 in this area

    139 Total Sales

    Danielle Taylor
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 103508

Outer Banks Association of REALTORS®

APN: 114C-000-0039-0001

North Carolina Currituck County Corolla 27927 Corolla

1251 Atlantic Ave, Corolla, NC

This home is located at 1251 Atlantic Ave, Corolla, NC 27927 since 01 February 2019 and is currently estimated at $2,569,650, approximately $514 per square foot. This property was built in 2012. 1251 Atlantic Ave is a home located in Currituck County with nearby schools including Knotts Island Elementary School, Currituck County Middle School, and Currituck County High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Outer Banks Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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