NOT LISTED FOR SALE

1261 Lakeside Dr Corolla, NC 27927

Estimated Value: $787,000 - $980,000

6 Beds
4.5 Baths
2,776 Sq Ft
$316/Sq Ft Est. Value

Last Sold June 10, 2016

Last sale price $410,000 $148 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $5,365/month

179 Days on Market

Highlights

  • Community Beach Access
  • In Ground Pool
  • Coastal Architecture
  • Health Club
  • Second Refrigerator
  • Wooded Lot

About This Home

As of June 2016

Tucked in the trees of Corolla in quite private sought after area close to end of paved road and some of the most captivating beaches in the world!! CLOSER TO BEACH THAN SOME HOMES IN OCEAN SANDS AND WHALEHEAD. PLUS TWO PARKING AREAS, ONE WITH A SNACK BAR!!! Great neighborhood of many year round, second homes, and rental properties. Location is tops for easy walking, running, biking or beach walking. Association gym, fishing at neighborhood catch and release pond, and pools for fun and conversation. Neighborhood association offers exercise club house, park, tennis courts, basketball courts, picnic area, and two pools, one at sound side and one at ocean walkway and parking. Very easy walk to the beach or park at two reserved area. Easy beach living with reverse floor plan. ample parking, outdoor private pool and shower. Ground level rec room with wet bar. Bunk room and full bath. Second level has room to spread out with large king and 3 other bedrooms. Door to outside deck with hot tub just at end of hall. Washer and dryer is also on 2nd level for ease in doing laundry. Inviting top level has the great room, dinning area and large master king bedroom with window seat and two closets. Master bath with both a jetted tub and shower. Relax on the screen porch or large open back private deck. Never at a loss of something to do or see in Corolla. Whalehead Club has many summer activities and events mostly free to the public. Shops close by and also food for every taste! Association dues are very reasonable for all one gets!

Last Agent to Sell the Property

Janis Kuykendall

Default, Office License #184818 Listed on: 11/09/2015

Last Buyer's Agent

Sally Holt

Surfside Realty License #183933

Surfside Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,059

Year Built

  • Built in 2005

Lot Details

  • Fenced Yard
  • Landscaped
  • Level Lot
  • Wooded Lot

HOA Fees

  • $139 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 2,776 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • Entrance Foyer
  • Game Room
  • Screened Porch
  • Utility Room
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • Tuck Under Parking
  • Paved Parking

Pool

  • In Ground Pool
  • Fiberglass Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck

Utilities

  • Heat Pump System
  • Municipal Utilities District Water
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot lot 20

Community Details

Overview

  • Association fees include common electric, common insurance, grounds maintenance, management, pool, tennis courts, walkways
  • Villages At Ocean Hill Subdivision

Amenities

  • Common Area

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,059

Year Built

Built in 2005

Lot Details

0

HOA Fees

$139 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: North on 12 past the village of Corolla to the Villages of Ocean Hills turn left at last street which is Lakeside Drive
  • Extras: Ceiling Fan(s), Covered Decks, Fenced Yard, Hot Tub, Landscaped, Outside Shower, Screened Porch, Smoke Detector(s), Sun Deck
  • Flood Zone: X
  • Headline: Impeccable 6 bedroom!
  • Heated Sq Ft: 2776
  • Roads: Paved
  • Sale/Rent: For Sale
  • Zoning: R
  • Deed Book Pg Number: 808
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Refrigerator
  • Bedrooms: 6
  • Countertops: Laminate
  • Floor Coverings: Carpet, Ceramic Tile
  • Foundation: Piling
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Ensuite, Pantry, Washer Connection, Wet Bar
  • Optional Rooms: Foyer, Game Room, Pantry
  • Partial Bathrooms: 1
  • Optional Room 1: On Level: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Fiberglass, Private Pool
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Parking: Paved, Under

Utilities

  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Sewer/Septic System: Community Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Grounds Maintenance, Management, Pool, Tennis Courts, Walkways
  • Association Amenities: Health Club, Ocean Access, Outdoor-Comm. Pool, Playground, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 1664

Lot Info

  • Lot Description: Level, Wooded
  • Lot Faces: W
  • Lot Number: lot 20
  • Deed Book: 1054

Rental Info

  • Est Annual Rental Income: 18441
  • Estimated Rental Performance: 0.045
  • Other Expenses: 90000
  • Rental Co: Resort Realty
  • Rental Cottage Name: Waterlieu
  • Rental Cottage Number: 1061
  • Rental Phone Number: 252-453-8700
  • Rental Turnover Day: Sat

Building Info

  • Year Built: 2005

Tax Info

  • Year: 2015
  • Taxes: 2059

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2015
Closed on
Jun 10, 2016
Sold by
Inglesby Kenneth A and Inglesby Megan M
Bought by
Shilling Calvin Frederick and Ritter Shilling Pamela
Seller's Agent
Janis Kuykendall
Default, Office
Buyer's Agent
Sally Holt
Surfside Realty
List Price
$449,500
Sold Price
$410,000
Premium/Discount to List
-$39,500
-8.79%
Current Estimated Value
$917,075

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$507,075
Avg. Annual Appreciation
8.25%

Purchase Details

Closed on
Jun 25, 2008
Sold by
Davis Marvin B
Bought by
Inglesby Kenneth A and Inglesby Megan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$403,920
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 23, 2005
Sold by
Duck Shores Llc
Bought by
Davis Marvin B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$499,900
Interest Rate
6.72%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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
Shilling Calvin Frederick $410,000 Attorney
Inglesby Kenneth A $505,000 None Available
Davis Marvin B $572,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Inglesby Kenneth A $403,920
Previous Owner Davis Marvin B $499,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2016 06/10/16 Sold $410,000 -8.8% $148 / Sq Ft
05/06/2016 05/06/16 Pending -- -- --
11/09/2015 11/09/15 For Sale $449,500 -- $162 / 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 $5,167 $638,700 $85,000 $553,700
2024 $4,177 $506,800 $85,000 $421,800
2023 $4,177 $506,800 $85,000 $421,800
2022 $3,139 $506,800 $85,000 $421,800
2021 $3,124 $428,900 $90,000 $338,900
2020 $2,642 $428,900 $90,000 $338,900
2019 $2,633 $428,900 $90,000 $338,900
2018 $2,633 $428,900 $90,000 $338,900
2017 $2,398 $428,900 $90,000 $338,900
2016 $2,390 $428,900 $90,000 $338,900
2015 $2,390 $428,900 $90,000 $338,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 90209

Outer Banks Association of REALTORS®

APN: 114E-000-0020-0000