NOT LISTED FOR SALE

1259 Lakeside Dr Corolla, NC 27927

Estimated Value: $776,000 - $919,000

4 Beds
3.5 Baths
3,092 Sq Ft
$277/Sq Ft Est. Value

Last Sold November 06, 2020

Last sale price $519,000 $168 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $4,953/month

223 Days on Market

Highlights

  • Community Beach Access
  • Outdoor Pool
  • Cathedral Ceiling
  • Health Club
  • A-Frame Home
  • Wood Flooring

About This Home

As of November 2020

Rare find in Corolla. This house is CUSTOM-BUILT which means it has many unique features not present in a typical beach house. Large closets, storage areas, walk-in kitchen pantry, cozy study with built-in bookcases, elaborate wood trim, oak hardwood floors, plantation shutters …the list goes on. This home was built and cared for by owners who wanted a no-compromise living space created for their enjoyment. Never rented so condition of living areas is exceptional. Located in a quiet enclave of Corolla away from the hustle and bustle of vacationers. Many homes in this treed, lakeside neighborhood are second homes with part-time residents or year-round homes with full-time residents. Neighbors know one another and the pride of ownership shows clearly along this street. Constructed by premier builder Olin Finch, this 3,092 sq ft house has four bedrooms and three and a half baths. The heart of the house is the stunning kitchen with custom cabinets, computer area, granite countertops, and stainless steel appliances. The woodwork in the home is splendid, with solid six-panel doors, built-in bookcases and cabinets throughout, six-inch window sills and elaborate trim. Much of the furniture conveys with the exception of antiques and personal items. The HVAC units and the refrigerator were replaced last year, and the home’s exterior is in excellent condition. Possible place for small pool in the back yard subject to community/county approval. The house is a short walking distance from the community’s recreational facilities.There is an indoor fitness center and outdoor pool, playground, basketball court and tennis courts. The wide, uncrowded beach is a short stroll. The community has two parking areas on the oceanside, another large, outdoor pool and a snack bar. This home is designed to appeal to a discerning buyer who wants a truly special home in move-in condition. No rentals booked so new buyers could make this their Outer Banks residence without delay. Quality homes like this that are affordably priced are rarely offered. See website at www.1259Lakeside.com for more details.

Last Agent to Sell the Property

Scott Wheeler

Celebration Realty License #274905 Listed on: 02/08/2020

Last Buyer's Agent

Matt Myatt

Keller Williams - Outer Banks License #218707

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,338

Year Built

  • Built in 2005

Lot Details

  • Property fronts a private road
  • Sprinkler System

HOA Fees

  • $165 Monthly HOA Fees

Home Design

  • A-Frame Home
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 3,092 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • Cedar Closet
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Outdoor Pool
  • Covered Deck

Utilities

  • Central Heating and Cooling System
  • Municipal Utilities District Water
  • Fuel Tank
  • Private Sewer

Listing and Financial Details

  • Tax Lot 21

Community Details

Overview

  • Association fees include common insurance, management, pool, road maintenance, tennis courts, walkways
  • Bryan Smith Manager Association, Phone Number (252) 453-0162
  • Built by Olin Fitch
  • Villages At Ocean Hill Subdivision

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,338

Year Built

Built in 2005

Lot Details

0

HOA Fees

$165 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: A-Frame
  • Extras: Ceiling Fan(s), Covered Decks, Lawn Sprinklers, Smoke Detector(s), Inside Laundry Room
  • Flood Zone: X
  • Headline: Corolla Creampuff
  • Heated Sq Ft: 3092
  • L V T Date: 02/08/2020
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Zoning: Res
  • Deed Book Pg Number: 373
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C31179
  • 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
  • Bedrooms: 4
  • Countertops: Granite, Solid Surface
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Cedar Closet(s), Dryer Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Walk in Closet, Washer Connection
  • Optional Rooms: Office, Pantry
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: Olin Fitch
  • Construction: Wood
  • Exterior: Shakes, Wood
  • Pool: Yes
  • Pool: Association
  • Pool Type: Association Pool
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street

Utilities

  • Cooling: Central
  • Heating: Central
  • Fuel Tanks: Leased
  • Sewer/Septic System: Private Sewer
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Common Insurance, Management, Pool, Road Maintenance, Tennis Courts, Walkways
  • Association Amenities: Health Club, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Sound Access
  • Association Fee: Yes
  • Estimated Annual Fee: 1978
  • Hoa Contact: Bryan Smith- Manager
  • HOA Contact: 252-453-0162

Lot Info

  • Lot Number: Lot 21
  • Deed Book: 682

Rental Info

  • Other Insurance Expenses: 4600
  • Annual Cable TV Expense: 1128
  • Annual Electric: 2400
  • Annual Telephone Expense: 1080
  • Annual Water Expense: 616

Building Info

  • Year Built: 2005

Tax Info

  • Year: 2019
  • Taxes: 2338.41

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2020
Closed on
Oct 31, 2020
Sold by
Sigal Richard B and Sigal Beth A
Bought by
Daniel Peter and Daniel Gabriella
Seller's Agent
Scott Wheeler
Celebration Realty
Buyer's Agent
Matt Myatt
Keller Williams - Outer Banks
List Price
$519,000
Sold Price
$519,000
Current Estimated Value
$855,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$336,224
Avg. Annual Appreciation
10.10%
Original Mortgage
$389,000
Outstanding Balance
$344,427
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$510,797

Purchase Details

Closed on
Oct 13, 2005
Sold by
Galleck Larry J and Galleck Patrcia J
Bought by
Sapienza Frank L and Sapienza Christine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,500
Interest Rate
5.66%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 9, 2003
Bought by
Sigal Richard B and Sigal Beth A
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

Date Buyer Sale Price Title Company
Daniel Peter $519,000 None Available
Sapienza Frank L $1,210,000 None Available
Sigal Richard B $134,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Daniel Peter $389,000
Previous Owner Sapienza Frank L $181,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/06/2020 11/06/20 Sold $519,000 0.0% $168 / Sq Ft
09/18/2020 09/18/20 Pending -- -- --
09/17/2020 09/17/20 For Sale $519,000 0.0% $168 / Sq Ft
09/05/2020 09/05/20 Pending -- -- --
09/01/2020 09/01/20 Price Changed $519,000 -3.0% $168 / Sq Ft
08/01/2020 08/01/20 For Sale $534,900 +3.1% $173 / Sq Ft
08/01/2020 08/01/20 Off Market $519,000 -- --
02/08/2020 02/08/20 For Sale $534,900 -- $173 / 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
2025 $3,788 $471,500 $85,000 $386,500
2024 $3,788 $471,500 $85,000 $386,500
2023 $3,772 $471,500 $85,000 $386,500
2022 $2,844 $471,500 $85,000 $386,500
2021 $2,829 $389,700 $90,000 $299,700
2020 $2,338 $389,700 $90,000 $299,700
2019 $2,338 $389,700 $90,000 $299,700
2018 $2,338 $389,700 $90,000 $299,700
2017 $2,121 $389,700 $90,000 $299,700
2016 $2,124 $389,700 $90,000 $299,700
2015 $2,124 $389,700 $90,000 $299,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 108221

Outer Banks Association of REALTORS®

APN: 114E-000-0021-0000