NOT LISTED FOR SALE

1257 Atlantic Ave Corolla, NC 27927

Estimated Value: $2,005,000 - $3,038,000

7 Beds
7.5 Baths
4,498 Sq Ft
$580/Sq Ft Est. Value

Sale Details

Date Sold: December 16, 2014

Last sale price $1,430,850 $318 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $14,567 / mo

262 Days on Market

Highlights

  • Beach Front
  • Concrete Pool
  • Furnished
  • Ocean View
  • Coastal Architecture
  • Ceramic Tile Flooring

About This Home

As of December 2014

Magnificent Ocean Views! Exceptional rental home with all the amenities that vacationers like: elevator, hot tub, swimming pool, billiards table, game room, stunning views. All furnishings convey with bill of sale. 2014 rental bookings are active and nearly fully booked for the summer season.

Last Agent to Sell the Property

Robert Godley

Kitty Hawk Land Company License #185619 Listed on: 02/01/2014

Last Buyer's Agent

Heather McLay

OBX Homes License #188982

OBX Homes

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,133

Year Built

  • Built in 2002

Lot Details

  • Beach Front
  • Landscaped

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

  • 4,498 Sq Ft Home
  • Elevator
  • Furnished
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Ocean Views

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • Tuck Under Parking
  • Off-Street Parking

Pool

  • Concrete Pool
  • Spa

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 42

Community Details

Overview

  • Ocean Hill Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,133

Year Built

Built in 2002

Lot Details

0.8 Acres

HOA Fees

$23 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Elevator, Hot Tub, Landscaped
  • Headline: Ocean Hill Oceanfront
  • Heated Sq Ft: 4498
  • Roads: Paved
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 0611
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Bedrooms: 7
  • Floor Coverings: Carpet, Ceramic Tile
  • Foundation: Piling
  • Full Bathrooms: 7
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Gas Fireplace
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Exterior: Shakes, Wood, Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, Concrete
  • 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 42
  • Deed Book: 0555

Rental Info

  • Est Annual Rental Income: 131610
  • Estimated Rental Performance: 0.092
  • Lease Terms: Weekly
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Bamboo Beach
  • Rental Cottage Number: NO42
  • Rental Phone Number: (252) 457-1100
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 2002

Tax Info

  • Year: 2012
  • Taxes: 8132.61

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2014
Closed on
Dec 15, 2014
Sold by
Garapollo Joseph R and Garapollo Yu Feng L
Bought by
Kerrigan Jack E and Kerrigan Marli J P
Seller's Agent
Robert Godley
Kitty Hawk Land Company
Buyer's Agent
Heather McLay
OBX Homes
List Price
$1,649,000
Sold Price
$1,430,850
Premium/Discount to List
-$218,150
-13.23%
Current Estimated Value
$2,562,684

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,131,834
Avg. Annual Appreciation
5.40%
Original Mortgage
$934,050
Outstanding Balance
$713,971
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$1,892,764
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Kerrigan Jack E $1,431,000 Attorney
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Kerrigan Jack E $934,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2014 12/16/14 Sold $1,430,850 -13.2% $318 / Sq Ft
10/21/2014 10/21/14 Pending -- -- --
02/01/2014 02/01/14 For Sale $1,649,000 -- $367 / Sq Ft
Source: Outer Banks Association of REALTORS®

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
2025 $11,333 $1,543,800 $904,400 $639,400
2024 $11,333 $1,543,800 $904,400 $639,400
2023 $11,319 $1,543,800 $904,400 $639,400
2022 $8,528 $1,543,800 $904,400 $639,400
2021 $8,513 $1,638,500 $1,071,000 $567,500
2020 $9,165 $1,638,500 $1,071,000 $567,500
2019 $9,168 $1,638,500 $1,071,000 $567,500
2018 $9,171 $1,638,500 $1,071,000 $567,500
2017 $8,325 $1,638,500 $1,071,000 $567,500
2016 $8,350 $1,638,500 $1,071,000 $567,500
2015 $8,333 $1,638,500 $1,071,000 $567,500
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2014

    Robert Godley

    Kitty Hawk Land Company

    (252) 207-4894

    51 in this area

    67 Total Sales

    Robert Godley
    Section Image
  • Heather McLay

    Buyer's Agent in 2014

    Heather McLay

    OBX Homes

    (252) 202-3409

    47 in this area

    121 Total Sales

    Heather McLay
    Section Image
  • Edith Rowe

    Buyer Co-Listing Agent in 2014

    Edith Rowe

    Brindley Beach Vacations & Sales-Duck

    (252) 202-6165

    52 in this area

    167 Total Sales

    Edith Rowe
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 82122

Outer Banks Association of REALTORS®

APN: 114C-000-0042-0001

North Carolina Currituck County Corolla 27927

1257 Atlantic Ave, Corolla, NC

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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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