NOT LISTED FOR SALE

1284 Lost Lake Dr Corolla, NC 27927

Estimated Value: $723,402 - $815,000

4 Beds
3.5 Baths
1,837 Sq Ft
$418/Sq Ft Est. Value

Last Sold July 09, 2021

Last sale price $580,000 $316 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $4,307/month

Highlights

  • Community Beach Access
  • Outdoor Pool
  • Cathedral Ceiling
  • Health Club
  • Coastal Architecture
  • Park or Greenbelt View

About This Home

As of July 2021

Here's your chance to own a new beach home in Corolla! This 4 bedrooms 3 full baths 1 half baths home situated in a quiet section of the Villages at Ocean Hill community in Corolla. The fourth bedroom can be converted to a rec room with a wet bar. This home will be built with the latest SMART technology, front door camera, control the lights with your app, water sensors on all floors and televisions are hard-wired. No maintenance to worry about for years to come with new construction. No lot or construction loan needed. This is a turnkey package. Home comes with a one-year builder warranty, as well as a 4 year New ConstructionAmerican Home Shield Warranty for years 2-5. Great for permanent residency, second home, or investment property. If you are looking for new construction that is affordable in Corolla, this is it! The Villages at Ocean Hill is an ocean to the sound community with extensive amenities including an oceanfront pool with a snack bar and restrooms, a lakefront pool, tennis and basketball courts, indoor fitness center, playground, 8-acre lake, pedestrian walkways throughout, and multiple beach access with ample parking reserved for the homeowners.

Last Agent to Sell the Property

Raju Uppalapati

Outer Banks Realty Group License #187530 Listed on: 02/16/2021

Co-Listed By

Iryna Snyder

Outer Banks Realty Group License #313743

Last Buyer's Agent

Trisha Midgett

Midgett Realty - Rodanthe License #162204

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $928

Year Built

  • Built in 2021

Lot Details

  • 8,276 Sq Ft Lot
  • Property fronts a private road
  • Fenced Yard
  • Landscaped
  • Level Lot

HOA Fees

  • $118 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Frame Construction
  • Asphalt Shingled Roof
  • Siding
  • Piling Construction

Interior Spaces

  • 1,837 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Electric Fireplace
  • Ceramic Tile Flooring
  • Park or Greenbelt Views

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Tuck Under Parking
  • Off-Street Parking

Pool

  • Outdoor Pool
  • Outdoor Shower

Outdoor Features

  • Sun Deck

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District for Water and Sewer

Listing and Financial Details

  • Tax Lot 248

Community Details

Overview

  • Association fees include management, pool, road maintenance, tennis courts, walkways
  • Bryan Smith Association, Phone Number (252) 453-0162
  • Villages At Ocean Hill Subdivision

Amenities

  • Common Area

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$928

Year Built

Built in 2021

Lot Details

8,276 Sq Ft Lot

HOA Fees

$118 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Directions: Hwy 12 to Villages at Ocean Hill, then left on Lakeside Dr, left on Lost Lake Lane.
  • Extras: Ceiling Fan(s), Fenced Yard, Landscaped, Outside Shower, Sun Deck, Dry Entry, Inside Laundry Room
  • Flood Zone: AE, X
  • Heated Sq Ft: 1837
  • L V T Date: 02/16/2021
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Zoning: Res
  • Deed Book Pg Number: 577
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C25379
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 4
  • Countertops: Granite
  • Floor Coverings: Ceramic Tile, Vinyl Tile
  • Foundation: Piling
  • Full Bathrooms: 3
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Ensuite, Electric Fireplace
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Composite Siding
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Park Serv/Preserve

Garage/Parking

  • Garage: 1 Car, Attached
  • Parking: Paved, Off Street, Under

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Management, Pool, Road Maintenance, Tennis Courts, Walkways
  • Association Amenities: Health Club, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Board Walk, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 1421
  • Hoa Contact: Bryan Smith
  • HOA Contact: 252-453-0162

Lot Info

  • Lot Description: Adj to Park Serv./Preserv, Level
  • Lot Number: Lot 248
  • Estimated Lot Size: 0.19
  • Deed Book: 1578

Building Info

  • Year Built: 2021

Tax Info

  • Year: 2020
  • Taxes: 927.5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2021
Closed on
Jul 7, 2021
Sold by
Homes By Eillu Llc
Bought by
Hamilton Robert John and Hamilton Katherine Dorothy
Seller's Agent
Raju Uppalapati
Outer Banks Realty Group
Buyer's Agent
Trisha Midgett
Midgett Realty - Rodanthe
List Price
$580,000
Sold Price
$580,000
Current Estimated Value
$767,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,467
Avg. Annual Appreciation
6.21%
Original Mortgage
$464,000
Outstanding Balance
$419,178
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$348,289

Purchase Details

Listed on
Jan 14, 2020
Closed on
Nov 19, 2020
Sold by
6 5 Defense Llc
Bought by
Homes By Eillu Llc
Seller's Agent
Ashley Massey
Landmark Sotheby's Internation
Buyer's Agent
Raju Uppalapati
Outer Banks Realty Group
List Price
$85,000
Sold Price
$75,000
Premium/Discount to List
-$10,000
-11.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2471.02%

Purchase Details

Closed on
Oct 14, 2004
Bought by
6/5 Defense Llc
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
Hamilton Robert John $2,900,000 Taxes William P
Hamilton Robert John $2,900,000 None Listed On Document
Homes By Eillu Llc $75,000 None Available
6/5 Defense Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hamilton Robert John $464,000
Closed Hamilton Robert John $464,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/09/2021 07/09/21 Sold $580,000 0.0% $316 / Sq Ft
02/16/2021 02/16/21 Pending -- -- --
02/16/2021 02/16/21 For Sale $580,000 +673.3% $316 / Sq Ft
11/20/2020 11/20/20 Sold $75,000 -11.8% -- View Prior Sale
10/02/2020 10/02/20 Pending -- -- --
01/14/2020 01/14/20 For Sale $85,000 -- --
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 $2,965 $354,500 $75,000 $279,500
2024 $2,965 $354,500 $75,000 $279,500
2023 $2,949 $354,500 $75,000 $279,500
2022 $2,244 $354,500 $75,000 $279,500
2021 $804 $175,000 $175,000 $0
2020 $928 $175,000 $175,000 $0
2019 $928 $175,000 $175,000 $0
2018 $0 $175,000 $175,000 $0
2017 $840 $175,000 $175,000 $0
2016 $840 $175,000 $175,000 $0
2015 -- $175,000 $175,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 112928

Outer Banks Association of REALTORS®

APN: 114E-000-0248-0000

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