NOT LISTED FOR SALE

1024 Corolla Dr Corolla, NC 27927

Estimated Value: $753,000 - $796,456

4 Beds
3.5 Baths
1,733 Sq Ft
$445/Sq Ft Est. Value

Last Sold April 17, 2020

Last sale price $425,000 $245 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $4,353/month

12 Days on Market

Highlights

  • In Ground Pool
  • Cathedral Ceiling
  • Screened Porch
  • Coastal Architecture
  • Furnished
  • Laundry Room

About This Home

As of April 2020

Your wait is over…welcome to your new beach house! Meticulously maintained, this beautiful home has it all - private pool, screened porch and large open decks! Perfectly positioned, across from the Barracuda beach walkway, you are just a short, straight, shot to the pristine beaches of Corolla. This home is perfectly laid out with space for everyone. The top floor features an open floor plan with a large living room, complete with fireplace, a spacious dining area and generous kitchen with a huge island, perfect for gathering. Step onto your sun deck to catch some rays or enjoy a family meal or evening games on your own screened porch. The top floor loft area is a great place for a kids hang out or a reading nook. The top floor master with updated private bath completes this level. A convenient powder room is located on the landing between the 2nd and 3rd floor. The mid level 2nd master bedroom and two additional bedrooms with hall bath and laundry make this a truly livable floor plan. Step outside to enjoy all of the outdoor amenities - a private pool with large pool area complete with a pergola provides just the right amount of sun and shade. The large concrete patio area, under the house, is a great shaded place for a picnic or afternoon games or enjoy the beachy outdoor shower after a wonderful day at the ocean. There is covered parking and a dry entry to make life easy. Interior freshly painted 2020. Situated on an oversized, almost 1/2 acre lot in Corolla's amazing Whalehead Club, this is a perfect vacation rental or 2nd home - its turn key and ready for you to enjoy!

Last Agent to Sell the Property

Danielle Taylor

Keller Williams - Outer Banks License #273134 Listed on: 03/04/2020

Keller Williams - Outer Banks

Last Buyer's Agent

Edith Rowe

Brindley Beach Vacations & Sales-Duck License #188824

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,110

Year Built

  • Built in 1994

Lot Details

  • 0.51 Acre Lot
  • Level Lot

HOA Fees

  • $4 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Lap Siding
  • Piling Construction

Interior Spaces

  • 1,733 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Screened Porch

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Sun Deck

Utilities

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

Community Details

  • Whalehead Club Subdivision

Listing and Financial Details

  • Tax Lot #62

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,110

Year Built

Built in 1994

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Extras: Ceiling Fan(s), Outside Shower, Screened Porch, Sun Deck, Dry Entry, Inside Laundry Room
  • Flood Zone: X
  • Subdivision Name: Whalehead Club
  • Headline: Amazing location,Top Condition
  • Heated Sq Ft: 1733
  • L V T Date: 03/04/2020
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 5
  • Waterfront Location: More than 5th row
  • Zoning: RES
  • Advertised Income 2020: 31618
  • Deed Book Pg Number: 520
  • 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, Washer
  • Bedrooms: 4
  • Countertops: Laminate, Solid Surface
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Vinyl, Plank
  • Foundation: Piling
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Ensuite, Washer Connection, Wood Fireplace
  • Optional Rooms: Shipswatch
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Lap Siding, Wood
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Fiberglass, Private Pool
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • Association Fee: Voluntary - Restrictive Covenants May Apply
  • Estimated Annual Fee: 50

Lot Info

  • Estimated Lot Sq Ft: 22000
  • Lot Description: Level
  • Lot Number: Lot #62
  • Estimated Lot Size: 0.51
  • Deed Book: 1272

Rental Info

  • Est Annual Rental Income: 37086
  • Estimated Rental Performance: 0.0873
  • Lease Terms: Weekly
  • Other Expenses: 60
  • Other Expenses2: 120
  • Other Expenses3: 315
  • Other Insurance Expenses: 344
  • Poolspa Expense: 1200
  • Rental Co: Southern Shores Realty
  • Rental Cottage Name: The Chart House
  • Rental Cottage Number: 1170
  • Rental Phone Number: 252-261-2000
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 1282
  • Annual Electric: 1668
  • Annual Telephone Expense: 50
  • Annual Water Expense: 605
  • Rental Contact Email: pfchappelle@southernshores.com
  • Rental Contact Name: Patrina Chappelle
  • Rental Contact Phone: 252-261-2000

Building Info

  • Year Built: 1994

Tax Info

  • Year: 2019
  • Taxes: 3109.67

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2020
Closed on
Apr 17, 2020
Sold by
Peters Derek R and Peters Michelle G
Bought by
Johnson Robert A and Johnson Elizabeth L
Seller's Agent
Danielle Taylor
Keller Williams - Outer Banks
Buyer's Agent
Edith Rowe
Brindley Beach Vacations & Sales-Duck
List Price
$444,900
Sold Price
$425,000
Premium/Discount to List
-$19,900
-4.47%
Current Estimated Value
$770,614

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$345,614
Avg. Annual Appreciation
10.98%
Original Mortgage
$382,500
Outstanding Balance
$336,045
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$434,569

Purchase Details

Listed on
May 31, 2013
Closed on
Nov 8, 2013
Sold by
Bannon James W and Bannon Concetta A
Bought by
Peters Derek R and Peters Michelle G
Seller's Agent
Terry Zeigler
Zeigler Realty
Buyer's Agent
Danielle Taylor
Keller Williams - Outer Banks
List Price
$419,000
Sold Price
$395,000
Premium/Discount to List
-$24,000
-5.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.14%
Original Mortgage
$200,000
Interest Rate
4.33%
Mortgage Type
New Conventional
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
Johnson Robert A $425,000 None Available
Peters Derek R $395,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Robert A $382,500
Previous Owner Peters Derek R $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/17/2020 04/17/20 Sold $425,000 -4.5% $245 / Sq Ft
03/16/2020 03/16/20 Pending -- -- --
03/04/2020 03/04/20 For Sale $444,900 +12.6% $257 / Sq Ft
11/08/2013 11/08/13 Sold $395,000 -5.7% $238 / Sq Ft View Prior Sale
09/24/2013 09/24/13 Pending -- -- --
05/31/2013 05/31/13 For Sale $419,000 -- $252 / Sq Ft
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 $3,728 $384,300 $131,300 $253,000
2024 $3,728 $384,300 $131,300 $253,000
2023 $3,712 $384,300 $131,300 $253,000
2022 $3,151 $384,300 $131,300 $253,000
2021 $3,091 $396,800 $168,000 $228,800
2020 $3,110 $396,800 $168,000 $228,800
2019 $3,110 $396,800 $168,000 $228,800
2018 $0 $396,800 $168,000 $228,800
2017 $2,888 $396,800 $168,000 $228,800
2016 $2,908 $396,800 $168,000 $228,800
2015 $2,908 $396,800 $168,000 $228,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 108599

Outer Banks Association of REALTORS®

APN: 115A-000-0062-0005