See Home Value
Currituck
1247 Atlantic Avenue
$2,843,259*
House - Off Market

1247 Atlantic Avenue

Corolla, NC 27927
bedrooms
5 Beds
bathrooms
5 Baths, 2 Half Baths
square feet
4702 Sqft
$2,475,000 - $3,025,000
Reference Base Price*
3.39%
Since Sep 1, 2022
National-US
Primary Model
Sold Apr 06, 2023
$12,750,000
$1,912,500 by State Employees Credit Union
Mortgage Due May 01, 2053
Sold Oct 27, 2017
$1,400,000
$1,120,000 by Wells Fargo Bank Na
Mortgage Due Nov 01, 2047

About This Property

Unique Oceanfront Estate, located on a 35,000 Sq Ft Lot & in an X Flood Zone! Custom architectural woodwork throughout & Designed to capture views of the Atlantic Ocean. Step into an impressive 3-story Foyer w/ custom wood ceilings, &plantation shutters. Greatroom offers 2 stories of soaring windows w/ ocean views, imported Juniper wood, cathedral ceilings & an impressive stone, gas fireplace, w/ an oceanside catwalk, that leads to an oceanside balcony. Gourmet Kitchen w/ gastop stove, Mexican tiled floors, & so much more. Private Pool & Hot Tub!!!

The manager has listed the unit size as 4702 square feet.
Unit Size
4,702Ft²
Days on Market
-
Land Size
-
Price per sqft
$585
Property Type
House
Property Taxes
$7,785
HOA Dues
$29
Year Built
1989

Price History

Date / Event Date Event Price
Apr 6, 2023 Sold to David Howard $12,750,000
Sold to David Howard
Aug 13, 2022 No longer available -
No longer available
Jul 20, 2022 Price Decreased $2,750,000
↓ $50K (1.8%)
Price Decreased
Jul 8, 2022 Price Decreased $2,800,000
↓ $190K (6.4%)
Price Decreased
Jun 7, 2022 Listed $2,990,000
Listed
Show More

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Bedroom Count: 8
  • Bathroom Count: 9
  • Full Bathrooms: 8
  • Partial Bathrooms: 9
  • Building Condition: Average
  • Building Quality: A+
  • Construction Type: Frame
  • Building Style: Contemporary
  • Exterior Walls Type: Other
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 200
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 35,022
  • Lot Size Depth Feet: 350
  • Lot Size Frontage Feet: 100
  • Total Building Area: 4,702
  • Building Area: 4,702
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,702
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OCEAN HILL
  • Land Acres: 0.804
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: LOT 37 SECT 1 OCEAN HILL

Ownership

  • Current Owner : HOWARD DAVID
  • Previous Owner : SCHWEPPE MICHAEL W
  • Previous Owner 2: SCHWEPPE ELIZABETH L
  • Owner Before Previous Owner: FEASTER JANET K
  • Owner Before Previous Owner 2: FEASTER MARSHALL M

Neighborhood

  • School District Name: Currituck County Schools
  • Census Tract: 110101

Zoning

  • Zoning: SFO

Geography

  • Assessors Map Reference: 114C
  • Account Number: 000167326
  • District: 11
  • Section: 1
  • Parcel: 114C00000370001
  • Lot: 37
  • Municipality: POPLAR BRANCH BCH
  • Latitude: 36.3875
  • Longitude: -75.8274

    Address

  • Full Address: 1247 Atlantic Ave
  • Address - House Number: 1247
  • Address - Street Name: Atlantic
  • Address - Suffix Type: Ave
  • State: NC
  • City Name: Corolla
  • Zip Code: 27927

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,682
  • Tax Rate Code Area: POPLAR BRA

    Appraisal Valuation

  • Standard Deviation: 0.2585
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 63
  • Final Value: 2,826,947
  • High Value: 3,557,943
  • Low Value: 2,095,950

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,912,500
  • First Open Lien Mortgage Lender: STATE EMPLOYEES CREDIT UNION
  • First Open Lien Mortgage Recording Date: Apr 06, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,912,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2053

    Market Valuation

  • Market Total Value: $1,488,900
  • Market Land Value: $904,400
  • Market Improvement Value: $584,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,488,900
  • Assessed Land Value: $904,400
  • Assessed Improvements Value: $584,500

    Sales

  • Current Sale Contract Date: Apr 06, 2023
  • Current Sale Recording Date: Apr 06, 2023
  • Current Sale Transaction ID: 11910160572
  • Current Sale Price: $12,750,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 382250
  • Previous Sale Recording Date: Oct 27, 2017
  • Previous Sale Contract Date: Sep 27, 2017
  • Previous Sale Amount: $1,400,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: STATE EMPLOYEES CREDIT UNION
  • First Mortgage Transaction Date: Apr 06, 2023
  • First Mortgage Loan Amount: $1,912,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2053

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Oct 27, 2017
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $1,120,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Nov 01, 2047



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
7 Beds
5.5 Baths
5,112 ft²
$547/ft²
$2,795,000 Nov 8, 2022
-
$746/mo

About Currituck


Similar Homes for Sale

Unit for sale at 1231 Atlantic Avenue, Corolla, NC 27927

$2,795,000

  • 7 Beds
  • 5.5 Baths
  • 5,112 ft²
1231 Atlantic Avenue #LOT29, Corolla, NC 27927 Listing by Eddie Kavanaugh

Nearby Rentals



Frequently Asked Questions

When was property at 1247 Atlantic Avenue built and last sold?
The property at 1247 Atlantic Avenue was built in 1989 and last sold on Apr 6, 2023 for $12,750,000.
How much is this home worth?
The estimated value of the home located at 1247 Atlantic Avenue is $2,667,200.
What are some comparable homes to 1247 Atlantic Avenue?
There are currently no comparable homes to 1247 Atlantic Avenue.

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