NOT LISTED FOR SALE

1025 Lighthouse Dr Corolla, NC 27927

Estimated Value: $1,875,000 - $2,633,000

5 Beds
4.5 Baths
3,245 Sq Ft
$676/Sq Ft Est. Value

Last Sold May 21, 2015

Last sale price $1,139,000 $351 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $12,244/month

10 Days on Market

Highlights

  • Beach Front
  • Coastal Architecture
  • Hydromassage or Jetted Bathtub
  • Ocean View
  • Cathedral Ceiling
  • Loft

About This Home

As of May 2015

Classic Oceanfront home with a timeless design, offering an open and comfortable floorplan, all on a large, stable 100' wide, 30,225 sf oceanfront homesite. Spacious top floor living area featuring dramatic ocean views, 14' high ceilings, lots of light, multiple gathering areas, tons of decking and large covered/screened porch. Top level includes loft, living room with fireplace, dining area, 1/2 bath and Silestone countered kitchen with double pantries. Mid level features 5 good-sized bedrooms, 3 of which are masters, 4 baths, laundry and foyer; significant home size at 3,245 sf. Carport, interior & exterior storage, outside shower and dry entry below. Tongue & groove wood accents, wainscoting, solid pine 6 panel doors. Original owners / builders have enjoyed and cared for as a second home, is actively used and enjoyed by owners, ready for new owners to do the same; and/or offers great new development potential due to site size and value. Building plans and consultation available. Of course high rental income potential if desired. With good dune and space to the East, the home is positioned to accommodate an oceanside pool. Updates include new kitchen by Cozy Kitchens in 2005, 2012 & 2014 13-SEER HVAC systems, new roof approximately 2005. This stout and sturdy Oceanfront home offers dramatic ocean views, great floorplan, lots of covered and uncovered decking, direct beach access / walkway, plenty of space for all and vacation rental potential if desired. Act now on this affordable oceanfront opportunity.

Last Agent to Sell the Property

Mark Massey

Outer Banks Realty Group License #188389 Listed on: 02/12/2015

Last Buyer's Agent

Paul Sabadash

Sun Realty - Corolla License #119788

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,569

Year Built

  • Built in 1988

Lot Details

  • 0.69 Acre Lot
  • Lot Dimensions are 100 x 302
  • Beach Front
  • 100 Feet of Waterfront

Parking

  • Tuck Under Parking

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 3,245 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Entrance Foyer
  • Loft
  • Screened Porch
  • Utility Room
  • Ocean Views

Kitchen

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

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Covered Deck
  • Storage Shed

Utilities

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

Listing and Financial Details

  • Tax Lot 13

Community Details

Overview

  • Built by North Beach Builders
  • Whalehead Club Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,569

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: North of Bonito on Oceanfront
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Jet Tub, Outside Shower, Screened Porch, Storage Shed
  • Subdivision Name: Whalehead Club
  • Headline: Timeless Oceanfront!
  • Heated Sq Ft: 3245
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 5
  • Waterfront Location: Oceanfront
  • Zoning: res
  • Deed Book Pg Number: 54
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Compactor, Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 5
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Vinyl, Wood Laminate
  • Foundation: Piling, Slab
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Ensuite, Pantry, Walk in Closet, Wood Fireplace
  • Optional Rooms: Foyer, Loft, Utility Room
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: North Beach Builders
  • Construction: Frame, Wood
  • Exterior: Shakes, Wood
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 100
  • View: Ocean
  • Water Frontage: 100

Garage/Parking

  • Garage: Carport
  • Parking: Under

Utilities

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

Lot Info

  • Estimated Lot Sq Ft: 30225
  • Lot Description: Beach Frontage, Water Frontage
  • Lot Faces: E
  • Lot Size: 100 x 302
  • Lot Number: Lot 13
  • Deed Book: 1229

Rental Info

  • Est Annual Rental Income: 80000
  • Estimated Rental Performance: 0.0702
  • Flood Expenses: 1638

Building Info

  • Year Built: 1988

Tax Info

  • Year: 2014
  • Taxes: 7569

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2015
Closed on
May 21, 2015
Sold by
Craig Wasserman Family Partnership Ltd
Bought by
Polymeropoulos Michael and Polymeropoulos Mahy
Seller's Agent
Mark Massey
Outer Banks Realty Group
Buyer's Agent
Paul Sabadash
Sun Realty - Corolla
List Price
$1,199,000
Sold Price
$1,139,000
Premium/Discount to List
-$60,000
-5%
Current Estimated Value
$2,156,445

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,017,445
Avg. Annual Appreciation
6.36%
Original Mortgage
$911,200
Outstanding Balance
$576,266
Interest Rate
1.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,617,832

Purchase Details

Closed on
Nov 29, 2012
Sold by
Wasserman Craig W and Wasserman Kathleen D
Bought by
Craig Wasserman Family Partnership Ltd
Source: Public Records
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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
Polymeropoulos Michael $1,139,000 Attorney
Craig Wasserman Family Partnership Ltd -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Polymeropoulos Michael $911,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2015 05/21/15 Sold $1,139,000 -5.0% $351 / Sq Ft
02/22/2015 02/22/15 Pending -- -- --
02/12/2015 02/12/15 For Sale $1,199,000 -- $369 / 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 $11,752 $1,382,700 $1,094,800 $287,900
2024 $11,752 $1,382,700 $1,094,800 $287,900
2023 $10,614 $1,382,700 $1,094,800 $287,900
2022 $9,894 $1,382,700 $1,094,800 $287,900
2021 $9,879 $1,108,900 $833,000 $275,900
2020 $8,088 $1,108,900 $833,000 $275,900
2019 $8,088 $1,108,900 $833,000 $275,900
2018 $0 $1,108,900 $833,000 $275,900
2017 $7,513 $1,108,900 $833,000 $275,900
2016 $7,569 $1,108,900 $833,000 $275,900
2015 $7,569 $1,108,900 $833,000 $275,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 86801

Outer Banks Association of REALTORS®

APN: 115A-000-0013-0005