NOT LISTED FOR SALE

1262 Lakeside Dr Corolla, NC 27927

Estimated Value: $769,000 - $855,000

5 Beds
4 Baths
2,545 Sq Ft
$324/Sq Ft Est. Value

Last Sold September 28, 2020

Last sale price $464,900 $183 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $4,830/month

205 Days on Market

Highlights

  • Community Beach Access
  • Health Club
  • Coastal Architecture
  • Lake Front
  • In Ground Pool
  • Engineered Wood Flooring

About This Home

As of September 2020

Nestled in the mature Live Oaks of this quiet Villages of Ocean Hill neighborhood, this lakeside retreat features 5 bedrooms/ 4 full baths, a reverse floor plan, game room and private pool. Located just minutes to the 4x4 area, the Currituck Lighthouse, and the Atlantic, this vacation property offers plenty of room inside, and lots to do outside. The top level features an open flow floor plan with a spacious dining area, updated kitchen with granite and stainless appliances, and a comfortable family room with a fireplace as the focal point. This level is further enhanced by oversized windows and cathedral ceilings. A special bonus is the elevated reading nook which provides great views of the lake and surrounding pines and oaks. You will also find a Master with private bath and double vanities on the upper level. A screened porch and large deck add other dining and entertaining spots with views of this green space. The mid-level of this property has two Master en suites (one with access to the large covered porch), and two other bedrooms (one with its own private balcony). An expansive covered deck on the west side of the house provides a great place to relax in the hammock or just enjoy the peaceful setting in the swing or rockers. The ground level features a large game room with wainscoting, ceramic tile, a wet bar, and dry entry from the carport. The outdoor space of this property has something for everyone. Even though the home is only a 5-minute walk to the public beach, and close to the 4-wheel drive beaches, this lakeside location gives a feeling of being removed from the hustle and bustle. The large 14x30’ pool is plenty big for the whole family to enjoy. And for those who want activity there’s even a horseshoe pit. The 8-acre, fully stocked lake and green space give this property privacy and serenity, all while being conveniently located near Historic Corolla Village and all that the northern beaches have to offer. There are also the additional benefits of being close to the ocean, all the Corolla attractions and dining, as well as the extensive Villages at Ocean Hill community amenities of ocean & lakeside pools, tennis courts, fitness center, and more.

Last Agent to Sell the Property

Matt Myatt

Keller Williams - Outer Banks License #218707 Listed on: 11/23/2019

Keller Williams - Outer Banks

Co-Listed By

Terry Blocher

Keller Williams - Outer Banks License #271673

Last Buyer's Agent

Kim Endre

Twiddy and Co. - Duck License #220350

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,422

Year Built

  • Built in 1993

Lot Details

  • Lake Front
  • Property fronts a private road
  • Level Lot

HOA Fees

  • $162 Monthly HOA Fees

Parking

  • Paved Parking

Home Design

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

Interior Spaces

  • 2,545 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Loft
  • Screened Porch
  • Lake Views

Kitchen

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

Flooring

  • Engineered Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck

Utilities

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

Listing and Financial Details

  • Tax Lot 67

Community Details

Overview

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

Amenities

  • Common Area

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,422

Year Built

Built in 1993

Lot Details

0

HOA Fees

$162 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Directions: North on Ocean Trail to left on Lakeside Drive, (just past Lost Lake Dr) will be ahead on the right.
  • Extras: Ceiling Fan(s), Covered Decks, Hot Tub, Outside Shower, Screened Porch, Sun Deck, Dry Entry, Inside Laundry Room
  • Flood Zone: X
  • Headline: Tranquil Lakeside Charmer
  • Heated Sq Ft: 2545
  • L V T Date: 11/23/2019
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Lakefront
  • Zoning: res
  • Advertised Income 2020: 41875
  • Deed Book Pg Number: 945
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C30917
  • 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: 5
  • Countertops: Granite, Laminate
  • Floor Coverings: Carpet, Tile, Engineered Wood
  • Foundation: Short Pilings
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Ice Maker Connection, Washer Connection, Wood Fireplace
  • Optional Rooms: Loft

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Shakes
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Fiberglass, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Lake/River

Garage/Parking

  • Garage: Attached, Carport
  • Parking: Paved

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Grounds Maintenance, Management, Pool, Tennis Courts
  • Association Amenities: Health Club, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 1940
  • Hoa Contact: VOHPOA

Lot Info

  • Lot Description: Level, Water Frontage
  • Lot Number: Lot 67
  • Deed Book: 1280

Rental Info

  • Est Annual Rental Income: 42030
  • Estimated Rental Performance: 0.0904
  • Lease Terms: Weekly
  • Rental Co: Sun Realty
  • Rental Cottage Name: Fancy Nancy's
  • Rental Cottage Number: VOH-14
  • Rental Phone Number: 252-453-8822
  • Rental Turnover Day: Saturday
  • Rental Contact Name: Therese Moorefield

Building Info

  • Year Built: 1993

Tax Info

  • Year: 2019
  • Taxes: 2422

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2019
Closed on
Sep 28, 2020
Sold by
Kim Thomas S and Kim Nancy M
Bought by
Palkovitz Nathan Joel and Lynch Palkovitz Shannon
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Kim Endre
Twiddy and Co. - Duck
List Price
$464,900
Sold Price
$464,900
Current Estimated Value
$824,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$359,119
Avg. Annual Appreciation
11.34%
Original Mortgage
$371,920
Outstanding Balance
$328,552
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$495,467

Purchase Details

Listed on
Oct 2, 2013
Closed on
Jan 24, 2014
Sold by
Short Mark A and Short Heather J
Bought by
Kim Thomas S and Kim Nancy M
Seller's Agent
Sarah Spencer
Keller Williams - Outer Banks
Buyer's Agent
Laurie Battaglia
Coastal Outer Banks Realty
List Price
$499,000
Sold Price
$467,000
Premium/Discount to List
-$32,000
-6.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.07%
Original Mortgage
$373,600
Interest Rate
4.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 2009
Sold by
Funke Robert P and Funke Michelle B
Bought by
Short Mark A and Short Heather J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 1, 2005
Sold by
Epc Nc 15 Llc and Minton George T
Bought by
Frunk Robert P and Frunk Michelle B
Source: Public Records

Range of Values:

--
Value Increase
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Percent Increase
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Adjusted for Inflation
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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
Palkovitz Nathan Joel $465,000 None Available
Palkovitz Nathan Joel $465,000 None Available
Kim Thomas S $467,000 None Available
Kim Thomas S $467,000 None Available
Short Mark A $400,000 None Available
Short Mark A $400,000 None Available
Frunk Robert P $672,500 None Available
Frunk Robert P $672,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palkovitz Nathan Joel $371,920
Previous Owner Kim Thomas S $373,600
Previous Owner Short Mark A $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/28/2020 09/28/20 Sold $464,900 0.0% $183 / Sq Ft
06/15/2020 06/15/20 Pending -- -- --
11/23/2019 11/23/19 For Sale $464,900 -0.4% $183 / Sq Ft
02/14/2014 02/14/14 Sold $467,000 -6.4% $186 / Sq Ft View Prior Sale
12/28/2013 12/28/13 Pending -- -- --
10/02/2013 10/02/13 For Sale $499,000 -- $199 / 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 $3,536 $419,400 $85,000 $334,400
2024 $3,536 $419,400 $85,000 $334,400
2023 $3,532 $419,400 $85,000 $334,400
2022 $2,660 $419,400 $85,000 $334,400
2021 $2,654 $392,700 $125,000 $267,700
2020 $2,422 $392,700 $125,000 $267,700
2019 $2,422 $392,700 $125,000 $267,700
2018 $2,422 $392,700 $125,000 $267,700
2017 $2,199 $392,700 $125,000 $267,700
2016 $2,199 $392,700 $125,000 $267,700
2015 $2,185 $392,700 $125,000 $267,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 107406

Outer Banks Association of REALTORS®

APN: 114E-000-0067-0000