NOT LISTED FOR SALE

1040 Lighthouse Dr Corolla, NC 27927

Estimated Value: $1,013,000 - $1,202,537

4 Beds
3.5 Baths
2,427 Sq Ft
$463/Sq Ft Est. Value

Last Sold January 25, 2019

Last sale price $605,000 $249 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $6,442/month

224 Days on Market

Highlights

  • 200 Feet of Waterfront
  • Beach Access
  • Coastal Architecture
  • Ocean View
  • Heated In Ground Pool
  • Cathedral Ceiling

About This Home

As of January 2019

Lowest Priced Semi Ocean Front in Whalehead! Fantastic Ocean Views in this beautiful Semi Ocean Front Spacious 4 bedroom home with lots of improvements and located in the Whalehead Club Subdivision. Just Reduced $45,000. Strong Advertised Gross Rental Income with 11.3 % GRI. Reverse Floor Plan with amazing ocean views through out the top level, open living area with hardwood floors on top level and even the Oversized Master Suite has great Ocean Views, plus Jacuzzi and shower. Kitchen and 2 Bathrooms have beautiful GRANITE COUNTER TOPS and Cabinets. Mid Level has a huge second Master Bedroom, plus 2 additional good size bedrooms ( one with 2 Duo Bunks and one with a Queen), Sitting Area and breezy Screened in Porch. Wainscoting adorns the foyer and stairs. Plenty of entertainment for both kids and adults - Game room on the ground level with Pool Table & Foosball, outside Shuffleboard, Ping Pong Table and Volley Ball. Great Private Pool Area with HEATED POOL for all to enjoy. Lots of out door living also includes the Decks, both Shaded and Sunny. This home has low pressure SEPTIC SYSTEM for 6 BEDROOMS with the potential to increase rental income by adding 2 bedrooms. The beautiful pristine soft sand Whalehead Beach is just a few steps outside your front door. Some Recent Updates and Improvements include the following: 2017 installed Granite in Kitchen and 2 Bathroom Countertops with new sinks and faucets, 2017 Refinished Kitchen, Living room and Bathroom Cabinetry, enclosed 2 Master Bathrooms, and Front Stair Railing, 2017 Added Shuffleboard Court and re sanded Volleyball Court, 2017 Replaced Pool Pump and other parts, 2017 Painted Exterior of house, 2016 Pool Heater and Tiki Bar, 2015 Resided west side of house with LP Smart Siding and Replaced 4 Windows, 2016 and 2013 Replaced 2 front living room Picture Windows, 2013 Screened in midlevel Porch and added second Shed, 2013 Replaced mid level Slider, Solar Shades in living room and dining room, 2012 Built Book Cases. The Plans to add 2 more bedrooms and 6 bedroom rental projection are on file. If you are looking for a well maintained Semi Ocean Front home with Fantastic Ocean Views and potential to add 2 more bedrooms to increase the rental income, and Voluntary $50 annual HOA Dues, then this is the home for you.

Last Agent to Sell the Property

Sandra LaRue

Corolla Beach Realty License #244093 Listed on: 04/24/2018

Co-Listed By

Daniel LaRue

Corolla Beach Realty License #257370

Last Buyer's Agent

Four Seasons Realty

Four Seasons Realty License #177785

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,444

Year Built

  • Built in 1992

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 100 x 200
  • 200 Feet of Waterfront
  • Ocean Front
  • Level Lot

HOA Fees

  • $4 Monthly HOA Fees

Parking

  • Paved Parking

Home Design

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

Interior Spaces

  • 2,427 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Window Treatments
  • Game Room
  • Screened Porch
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Outdoor Pool
  • Outdoor Shower

Outdoor Features

  • Beach Access
  • Sun Deck

Utilities

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

Community Details

  • Whalehead Club Subdivision

Listing and Financial Details

  • Tax Lot # 22

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,444

Year Built

Built in 1992

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Route 12 north, Enter Corolla, Pass TimBuck ll, Right on Dolphin, take 3 rd Left on Lighthouse Drive, 1040 Lighthouse is on the Left.
  • Extras: Beach Access, Jet Tub, Outside Shower, Screened Porch, Sun Deck
  • Flood Zone: AE
  • Subdivision Name: Whalehead Club
  • Headline: 11.3% GRI / Ocean Views
  • Heated Sq Ft: 2427
  • L V T Date: 04/24/2018
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 5
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: Res
  • Deed Book Pg Number: 559
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C18834
  • 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
  • Bedroom 1: Master, On Level: 2
  • Bedroom 2: Master, On Level: 1
  • Bedroom 3: On Level: 1
  • Bedroom 4: On Level: 1
  • Kitchen: Spacious, On Level: 2
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Wood
  • Foundation: Piling
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Ensuite
  • Dining Room: Bright, On Level: 2
  • Game Room: On Level: Ground
  • Living Room: Open, On Level: 2
  • Optional Rooms: Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Exterior: Lap Siding
  • Pool: Yes
  • Pool: Private
  • Pool Type: In Ground, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Screen Porch Size: Large
  • Street Frontage: 100
  • Sun Deck Size: Large
  • View: Ocean
  • Water Frontage: 200

Garage/Parking

  • Parking: Paved

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Estimated Lot Sq Ft: 20000
  • Lot Description: Level
  • Lot Faces: East
  • Lot Size: 100 x 200
  • Lot Number: Lot # 22
  • Estimated Lot Size: 0.46
  • Deed Book: 1404

Rental Info

  • Est Annual Rental Income: 72308
  • Estimated Rental Performance: 0.1195
  • Lease Terms: Weekly
  • Rental Co: Shoreline OBX
  • Rental Cottage Name: Nirvana
  • Rental Cottage Number: WHL22
  • Rental Phone Number: 252.261.5300
  • Rental Turnover Day: Saturday
  • Rental Contact Email: jennifer@shorelineobx.com
  • Rental Contact Name: Jennifer Hurd
  • Rental Contact Phone: 252.261.5300

Building Info

  • Year Built: 1992

Tax Info

  • Year: 2017
  • Taxes: 4444.49

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2018
Closed on
Jan 15, 2019
Sold by
Ttds Llc
Bought by
Woody William R and Woody Susan P
Seller's Agent
Sandra LaRue
Corolla Beach Realty
Buyer's Agent
Four Seasons Realty
Four Seasons Realty
List Price
$699,000
Sold Price
$605,000
Premium/Discount to List
-$94,000
-13.45%
Current Estimated Value
$1,134,455

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$529,455
Avg. Annual Appreciation
9.26%
Original Mortgage
$453,750
Outstanding Balance
$397,342
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$726,542

Purchase Details

Closed on
Apr 18, 2017
Sold by
Asrejadid Dannah and Asrejadid Shahriar
Bought by
Ttds Llc

Purchase Details

Closed on
Oct 14, 2010
Sold by
Us Bank National Association
Bought by
Caputo Monica M and Caputo Michael

Purchase Details

Closed on
May 20, 2010
Sold by
Gantomasso Tina and Camilli Henry F
Bought by
Us Bank National Association
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

Date Buyer Sale Price Title Company
Woody William R $605,000 None Available
Ttds Llc -- None Available
Caputo Monica M $350,000 None Available
Us Bank National Association $773,879 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Woody William R $453,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/25/2019 01/25/19 Sold $605,000 -5.3% $249 / Sq Ft
12/04/2018 12/04/18 Pending -- -- --
10/09/2018 10/09/18 Price Changed $639,000 -6.7% $263 / Sq Ft
07/03/2018 07/03/18 Price Changed $684,900 -2.0% $282 / Sq Ft
04/24/2018 04/24/18 For Sale $699,000 -- $288 / 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 $6,780 $754,900 $400,000 $354,900
2024 $6,780 $754,900 $400,000 $354,900
2023 $6,764 $754,900 $400,000 $354,900
2022 $5,721 $754,900 $400,000 $354,900
2021 $5,452 $628,100 $330,000 $298,100
2020 $4,814 $628,100 $330,000 $298,100
2019 $4,803 $628,100 $330,000 $298,100
2018 $4,803 $625,600 $330,000 $295,600
2017 $4,444 $625,600 $330,000 $295,600
2016 $4,477 $625,600 $330,000 $295,600
2015 $4,477 $625,600 $330,000 $295,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 100208

Outer Banks Association of REALTORS®

APN: 115A-000-0022-0005