NOT LISTED FOR SALE

Estimated Value: $1,657,000 - $1,982,000

7 Beds
6.5 Baths
2,900 Sq Ft
$633/Sq Ft Est. Value

Sale Details

Date Sold: November 2, 2020

Last sale price $1,274,000 $439 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $11,167 / mo

7 Days on Market

Highlights

  • Community Beach Access
  • Ocean View
  • Second Refrigerator
  • Knotts Island Elementary School Rated 9+
  • In Ground Pool
  • Coastal Architecture

About This Home

As of November 2020

Turn key, views & beach access out your back door (literally)! Enjoy stunning ocean views from this custom home that’s proven to be a strong rental investment. With all the amenities including heated private salt water pool, hot tub, tiki bar, game room with pool table, arcade and kitchenette, and a gourmet kitchen, this professionally designed and decorated luxury home is just steps from the beach! Built in 2016, the home is low maintenance with high end custom finishes including Australian cypress hard wood flooring, custom cabinetry and trim, and composite Trex decking and PVC railings on all decks. Rental income consistently has exceeded $100K even with owner weeks taken in season. This turnkey property boasts 7 bedrooms total, 4 of which are master suites. Don’t miss this opportunity to purchase a like new coastal retreat just steps from the beautiful wide beaches of Corolla!

Last Agent to Sell the Property

Four Seasons Realty

Four Seasons Realty License #177785 Listed on: 08/26/2020

Co-Listed By

Max Konstanzer

Four Seasons Realty License #290410

Last Buyer's Agent

Matt Myatt

Keller Williams Outer Banks KDH License #218707

Keller Williams Outer Banks KDH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,940

Year Built

  • Built in 2016

Lot Details

  • Fenced Yard
  • Landscaped
  • Level Lot

HOA Fees

  • $133 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Asphalt Shingled Roof
  • Metal Roof

Interior Spaces

  • 2,900 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Second Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 7 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

  • In Ground Pool
  • Gunite Pool
  • Saltwater Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Covered Deck
  • Exterior Lighting
  • Tiki or Chickee Hut

Utilities

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

Listing and Financial Details

  • Tax Lot 127

Community Details

Overview

  • Bob Defazio Association
  • Built by OBX Dream Builders
  • Ocean Sands Subdivision

Recreation

  • Community Beach Access
  • Tennis Courts
  • Community Pool
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,940

Year Built

Built in 2016

Lot Details

6,098 Sq Ft Lot

HOA Fees

$133 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Fenced Yard, Hot Tub, Landscaped, Outside Lighting, Outside Shower, Smoke Detector(s), Tiki Bar
  • Flood Zone: X
  • Subdivision Name: Ocean Lakes Subdivision of Ocean Sands
  • Headline: LIKE NEW-OVER $110K IN INCOME
  • Heated Sq Ft: 2900
  • L V T Date: 08/27/2020
  • Roads: Paved
  • Sale/Rent: For Sale
  • Section: O
  • Waterfront Location: 3 - lots from oceanfront (4th row)
  • Zoning: Res
  • Advertised Income 2020: 113680
  • Deed Book Pg Number: 122
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Ocean Sands
  • Newpoint Media: Yes
  • Office License Number: C14915
  • 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, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 7
  • Countertops: Granite
  • Floor Coverings: Carpet, Hardwood
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ensuite, Washer Connection
  • Optional Rooms: Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: OBX Dream Builders
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: In Ground, Gunite, Salt, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle, Metal
  • View: Ocean

Garage/Parking

  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Park
  • Association Fee: Yes
  • Estimated Annual Fee: 1600
  • Hoa Contact: Bob Defazio
  • HOA Contact: Bob Defazio
  • Home Owner Dwelling Insurance: 5448

Lot Info

  • Lot Description: Level
  • Lot Number: Lot 127
  • Deed Book: 1453

Rental Info

  • Est Annual Rental Income: 113680
  • Estimated Rental Performance: 0.0892
  • Poolspa Expense: 3200
  • Rental Co: Carolina Designs
  • Rental Cottage Name: WORK HARD RELAX HARDER
  • Rental Cottage Number: 282
  • Rental Turnover Day: SATURDAY
  • Annual Cable TV Expense: 2639
  • Annual Electric: 3600
  • Annual Water Expense: 2662
  • Rental Contact Email: elaine.breiholz@carolinadesigns.com
  • Rental Contact Name: Elaine Breiholz

Building Info

  • Year Built: 2016

Tax Info

  • Year: 2020
  • Taxes: 4940.03

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2020
Closed on
Nov 2, 2020
Sold by
Bought by
Seller's Agent
Four Seasons Realty
Four Seasons Realty
Buyer's Agent
Matt Myatt
Keller Williams Outer Banks KDH
List Price
$1,319,000
Sold Price
$1,274,000
Premium/Discount to List
-$45,000
-3.41%
Current Estimated Value
$1,837,102

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$563,102
Avg. Annual Appreciation
6.60%

Purchase Details

Listed on
Jun 11, 2018
Closed on
Jul 25, 2018
Sold by
Bought by
Seller's Agent
Tim Lancsek
Surfside Realty
Buyer's Agent
Four Seasons Realty
Four Seasons Realty
List Price
$979,000
Sold Price
$936,500
Premium/Discount to List
-$42,500
-4.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.59%
Original Mortgage
$768,000
Interest Rate
0.046%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 1, 2016
Closed on
Jun 23, 2016
Sold by
Bought by
Seller's Agent
Ali Amini
OBX Dream Homes Realty, LLC
Buyer's Agent
Tim Lancsek
Surfside Realty
List Price
$885,000
Sold Price
$875,000
Premium/Discount to List
-$10,000
-1.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.29%
Original Mortgage
$700,000
Interest Rate
0.0357%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
0.0397%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 3, 2015
Sold by
Bought by

Purchase Details

Listed on
Dec 13, 2013
Closed on
Aug 26, 2014
Sold by
Bought by
Seller's Agent
Brad Beacham
Landmark Sotheby's Internation
Buyer's Agent
Ali Amini
OBX Dream Homes Realty, LLC
List Price
$210,000
Sold Price
$180,000
Premium/Discount to List
-$30,000
-14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.50%
Original Mortgage
$135,000
Interest Rate
0.0419%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 15, 2010
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
$1,274,000 None Available
$936,500 None Available
$875,000 Attorney
-- Attorney
-- Attorney
$180,000 Attorney
-- None Available
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
Previous Owner $768,000
Previous Owner $700,000
Previous Owner $496,000
Previous Owner $135,000
Source: Public Records

Property 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 Event Price List to Sale Price per Sq Ft Prior Sale
11/02/2020 11/02/20 Sold $1,274,000 -3.4% $439 / Sq Ft
09/02/2020 09/02/20 Pending -- -- --
08/26/2020 08/26/20 For Sale $1,319,000 +40.8% $455 / Sq Ft
07/31/2018 07/31/18 Sold $936,500 -4.3% $332 / Sq Ft View Prior Sale
07/23/2018 07/23/18 Pending -- -- --
07/20/2018 07/20/18 For Sale $979,000 0.0% $347 / Sq Ft
06/24/2018 06/24/18 Pending -- -- --
06/11/2018 06/11/18 For Sale $979,000 +11.9% $347 / Sq Ft
06/23/2016 06/23/16 Sold $875,000 -1.1% $311 / Sq Ft View Prior Sale
05/09/2016 05/09/16 Pending -- -- --
04/01/2016 04/01/16 For Sale $885,000 +391.7% $315 / Sq Ft
08/26/2014 08/26/14 Sold $180,000 -14.3% -- View Prior Sale
05/28/2014 05/28/14 Pending -- -- --
12/13/2013 12/13/13 For Sale $210,000 -- --
Source: Outer Banks Association of REALTORS®

Tax 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.

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 $12,293 $1,064,300 $275,000 $789,300
2024 $12,293 $1,064,300 $275,000 $789,300
2023 $11,378 $1,064,300 $275,000 $789,300
2022 $8,858 $1,064,300 $275,000 $789,300
2021 $7,739 $655,300 $225,000 $430,300
2020 $4,940 $655,300 $225,000 $430,300
2019 $4,940 $655,300 $225,000 $430,300
2018 $5,008 $655,300 $225,000 $430,300
2017 $4,649 $637,500 $225,000 $412,500
2016 $35 $225,000 $225,000 $0
2015 -- $225,000 $225,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 110720

Outer Banks Association of REALTORS®

APN: 126A-000-0127-000O

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