NOT LISTED FOR SALE

Estimated Value: $507,000 - $555,000

3 Beds
3.5 Baths
1,670 Sq Ft
$392/mo HOA Fee

Last Sold November 18, 2016

Last sale price $234,900 $141 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $3,508/month

88 Days on Market

Highlights

  • Community Beach Access
  • Hydromassage or Jetted Bathtub
  • Tennis Courts
  • Outdoor Pool
  • Furnished
  • Covered Deck

About This Home

As of November 2016

Don't miss this completely turnkey 3bedroom home in the award winning Corolla Light Resort. This home has been well maintained and cared for including a $40,000 exterior renovation in 2010 including new siding, paint and roof, as well as 2 new decks and stairs. 2 New A/C units, new indoor and outdoor furniture and new appliances in the past several years makes this ready as a second home or rental property to generate income on day 1. The Home comes complete with access to all Corolla Light Resort amenities for you and your guests including sound front and ocean front pools, indoor/outdoor tennis courts, indoor pool and hot tub and fitness center. Everything conveys making this move-in ready to start enjoying your home at the beach.

Last Agent to Sell the Property

Andrew Darling

Keller Williams - Outer Banks License #211211 Listed on: 06/26/2016

Keller Williams - Outer Banks

Last Buyer's Agent

Andrew Darling

Keller Williams - Outer Banks License #211211 Listed on: 06/26/2016

Keller Williams - Outer Banks

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,463

Year Built

  • Built in 1994

Lot Details

  • 7,579

HOA Fees

  • $392 Monthly HOA Fees

Home Design

  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 1,670 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Window Treatments

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Tuck Under Parking
  • Paved Parking
  • Off-Street Parking

Pool

  • Outdoor Pool
  • Outdoor Shower

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Municipal Utilities District Water
  • Community Sewer or Septic

Additional Features

  • Covered Deck
  • Property fronts a private road

Listing and Financial Details

  • Tax Lot lot 5

Community Details

Overview

  • Association fees include common insurance, management, pool, road maintenance, security, tennis courts, walkways
  • Built by Mancuso
  • Corolla Light Subdivision

Recreation

  • Community Beach Access
  • Tennis Courts
  • Community Playground
  • Community Pool

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,463

Year Built

Built in 1994

Lot Details

0

HOA Fees

$392 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Jet Tub, Outside Shower, Smoke Detector(s)
  • Flood Zone: X
  • Subdivision Name: Corolla Light
  • Headline: Location, location, location
  • Heated Sq Ft: 1670
  • L V T Date: 06/26/2016
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Unit Level Number: 1
  • Waterfront Location: More than 5th row
  • Zoning: res
  • Deed Book Pg Number: 793
  • Major Subdivision: Corolla Light
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 3
  • Countertops: Laminate
  • Floor Coverings: Carpet, Ceramic Tile, Vinyl, Wood Laminate
  • Foundation: Piling, Slab
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Dryer Connection, Ensuite, Washer Connection
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: Mancuso
  • Construction: Frame
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Association
  • Pool Type: Association Pool
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street, Under

Utilities

  • Cooling: Heat Pump, Zoned
  • Heating: Heat Pump, Zoned
  • Sewer/Septic System: Community Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Common Insurance, Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
  • Condo Type: Detached
  • Association Amenities: Indoor-Off Site Pool, Ocean Access, Outdoor-Off Site Pool, Outdoor-Comm. Tennis, Playground, Sound Access
  • Association Fee: Yes
  • Estimated Annual Fee: 4706

Lot Info

  • Lot Number: lot 5
  • Deed Book: 1107

Rental Info

  • Est Annual Rental Income: 27500
  • Estimated Rental Performance: 0.1171
  • Rental Co: Brindley Beach Vacations
  • Rental Cottage Name: Beachin 3
  • Rental Cottage Number: M5
  • Rental Phone Number: 252-453-3000
  • Rental Turnover Day: sun

Building Info

  • Year Built: 1994

Tax Info

  • Year: 2015
  • Taxes: 1463

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2024
Sold by
Schumm Fearnside Lori
Bought by
Paul Fearnside And Lori Schumm Fearnside Trus and Fearnside
Current Estimated Value
$531,456

Purchase Details

Listed on
Jun 26, 2016
Closed on
Nov 7, 2016
Sold by
Impastato Thomas J and Impastato Evelyn A
Bought by
Fearnside Paul and Fearnside Lori Schumm
Seller's Agent
Andrew Darling
Keller Williams - Outer Banks
Buyer's Agent
Andrew Darling
Keller Williams - Outer Banks
List Price
$249,900
Sold Price
$234,900
Premium/Discount to List
-$15,000
-6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.96%
Original Mortgage
$187,920
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2009
Sold by
Tholis Frank and Tholis Cynthia L
Bought by
Impastato Thomas J and Impastato Evelyn A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Paul Fearnside And Lori Schumm Fearnside Trus -- None Listed On Document
Fearnside Paul $235,000 None Available
Impastato Thomas J $305,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fearnside Paul $177,500
Previous Owner Fearnside Paul $187,920
Previous Owner Impastato Thomas J $244,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2016 11/18/16 Sold $234,900 -6.0% $141 / Sq Ft
09/22/2016 09/22/16 Pending -- -- --
06/26/2016 06/26/16 For Sale $249,900 -- $150 / 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
2024 $2,475 $275,600 $71,500 $204,100
2023 $2,475 $275,600 $71,500 $204,100
2022 $1,899 $275,600 $71,500 $204,100
2021 $1,884 $243,700 $65,000 $178,700
2020 $1,609 $243,700 $65,000 $178,700
2019 $1,609 $243,700 $65,000 $178,700
2018 $1,609 $243,700 $65,000 $178,700
2017 $1,463 $243,700 $65,000 $178,700
2016 $1,463 $243,700 $65,000 $178,700
2015 $1,463 $243,700 $65,000 $178,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 92903

Outer Banks Association of REALTORS®

APN: 115D-000-0005-0000