NOT LISTED FOR SALE

1012 Corolla Dr Corolla, NC 27927

Estimated Value: $1,148,315 - $1,274,000

0.46 Acre
$2,597,667 Price per Acre
19,994 Sq Ft Lot

Last Sold December 19, 2022

Last sale price $270,000

Est. 342% increase in value since last sale

Current estimated payment $6,707/month

457 Days on Market

Highlights

  • Community Beach Access
  • Ocean View
  • Timber

About This Lot

As of December 2022

6th row homesite with good elevation, a home on this site should have good ocean views. Located in the quieter north end of Whalehead well east of Rt 12 large homesite will accommodate a large rental machine type home, easy beach access

Last Agent to Sell the Property

William Hogan

Twiddy and Co. - Duck License #103949 Listed on: 08/18/2021

Last Buyer's Agent

Sarah Spencer

Keller Williams - Outer Banks License #185795

Keller Williams - Outer Banks

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $855

Lot Details

Utilities

  • Municipal Utilities District Water
  • Private or Community Septic Tank

Additional Features

  • Ocean Views
  • Lot Dimensions are 100 x 200
  • Timber

Community Details

Overview

  • Whalehead Club Subdivision

Recreation

  • Community Beach Access

Property Details

Property Type

Land

Est. Annual Taxes

$855

Lot Details

0

Listing Details

  • Class: LOTS/LAND
  • Flood Zone: X
  • Headline: Big Corolla homesite
  • L V T Date: 08/18/2021
  • Roads: Public, Paved
  • Sale/Rent: For Sale
  • Zoning: res
  • Timber: Scattered
  • Deed Book Pg Number: 212
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C4556
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Street Frontage: 100
  • View: Ocean

Utilities

  • Sewer/Septic System: Private Septic
  • Water: Municipal
  • Electric: Available

Condo/Co-op/Association

  • Association Amenities: Ocean Access

Lot Info

  • Lot Size: 100 x 200
  • Deed Book: 161
  • Unit/Lot Number: Lot 67

Tax Info

  • Year: 2021
  • Taxes: 855

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 5, 2024
Sold by
King Bridgette and King Jay
Bought by
Stengel Michael and Stengel Joanne
Current Estimated Value
$1,192,329

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,020,000
Outstanding Balance
$1,003,160
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$189,169

Purchase Details

Listed on
Aug 18, 2021
Closed on
Dec 10, 2022
Sold by
Garofalo John M and Garofalo Diane S
Bought by
King Jay and King Bridgette
Seller's Agent
William Hogan
Twiddy and Co. - Duck
Buyer's Agent
Sarah Spencer
Keller Williams - Outer Banks
List Price
$275,000
Sold Price
$270,000
Premium/Discount to List
-$5,000
-1.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
63.26%

Purchase Details

Closed on
Dec 31, 1899
Bought by
Garofalo John M and Garofalo Diane S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Stengel Michael $1,275,000 None Listed On Document
King Jay $1,620,000 --
Garofalo John M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stengel Michael $1,020,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/19/2022 12/19/22 Sold $270,000 -1.8% --
11/18/2022 11/18/22 Pending -- -- --
11/16/2022 11/16/22 For Sale $275,000 0.0% --
10/10/2022 10/10/22 Pending -- -- --
02/24/2022 02/24/22 For Sale $275,000 0.0% --
02/17/2022 02/17/22 Pending -- -- --
08/18/2021 08/18/21 Price Changed $275,000 -99.9% --
08/18/2021 08/18/21 For Sale $275,000,000 -- --
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 $5,753 $646,600 $125,000 $521,600
2024 $5,737 $646,600 $125,000 $521,600
2023 $919 $646,600 $125,000 $521,600
2022 $855 $125,000 $125,000 $0
2021 $855 $160,000 $160,000 $0
2020 $1,128 $160,000 $160,000 $0
2019 $1,128 $160,000 $160,000 $0
2018 $1,128 $160,000 $160,000 $0
2017 $1,048 $160,000 $160,000 $0
2016 $1,056 $160,000 $160,000 $0
2015 $1,056 $160,000 $160,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 115766

Outer Banks Association of REALTORS®

APN: 115A-000-0067-0006