NOT LISTED FOR SALE

1055 Corolla Dr Corolla, NC 27927

Estimated Value: $1,177,238 - $1,204,000

5 Beds
5.5 Baths
3,900 Sq Ft
$305/Sq Ft Est. Value

Sale Details

Date Sold: October 7, 2021

Last sale price $950,000 $244 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $6,770 / mo

14 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • Cathedral Ceiling
  • Beach Access
  • Coastal Architecture
  • Marble Countertops

About This Home

As of October 2021

THIS IS THE ONE FOR WHICH YOU HAVE BEEN WAITING!! UPDATED WITH OCEAN VIEWS! CLOSE TO BEACH ACCESS! IMPECCABLY MAINTAINED! SELLERS HAVE DONE EVERYTHING! New Roof 2014 *New siding and some windows 2016 * 2 NEW HVAC 2015 *Pool and patio redone in 2013 *All bathrooms have been beautifully remodeled * New kitchen countertops/backsplash/sink *New septic drainfield 2019 *Freshly painted interior! Open and spacious great room with tons of natural light! Expansive decking to take in ocean views as well as sunsets! Large bedrooms! Stunning bathrooms! Ground level features rec room with kitchenette, extra den, 2 full baths, 2 full washers/dryers. There are many lovely outdoor living spaces...beautiful, large concrete pool and pool deck, patio seating, fenced in yard, expansive decking! Perched high on a hill, high and dry, you will never have to worry about flooding! Ideally located in Whalehead and close to restaurants, shopping, groceries, historic Corolla Village, Currituck Beach Lighthouse, and recreational fun! A MUST SEE!! Built as a 6 bedroom home but septic is permitted for 5 bedrooms.

Last Agent to Sell the Property

Melanie Day

Landmark Sotheby's Internation License #219374 Listed on: 08/13/2021

Landmark Sotheby's Internation

Co-Listed By

Kari Gilles

Keller Williams - Outer Banks License #269911

Last Buyer's Agent

John Myers

Twiddy and Co. - Duck License #69112

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,161

Year Built

  • Built in 1994

Lot Details

  • Landscaped

Parking

  • Off-Street Parking

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 3,900 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Game Room
  • Screened Porch
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Built-In Oven
  • Built-In Range
  • Microwave
  • Dishwasher
  • Marble Countertops
  • Quartz Countertops

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • In-Law or Guest Suite

Laundry

  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Beach Access
  • Sun Deck
  • Covered Deck
  • Patio
  • Exterior Lighting
  • Storage Shed

Utilities

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

Community Details

  • Whalehead Club Subdivision

Listing and Financial Details

  • Tax Lot 56

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,161

Year Built

Built in 1994

Lot Details

0.46 Acres

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Hot Tub, Landscaped, Outside Lighting, Outside Shower, Patio, Screened Porch, Smoke Detector(s), Storage Shed, Sun Deck, Water Filter
  • Flood Zone: X
  • Subdivision Name: Whalehead Club
  • Headline: GORGEOUS HOME!! OCEAN VIEWS!
  • Heated Sq Ft: 3900
  • L V T Date: 08/13/2021
  • Primary Residence: Yes
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 4
  • Waterfront Location: 4 - lots from oceanfront (5th row)
  • Zoning: RES
  • Deed Book Pg Number: 386
  • 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: Countertop Range, Dishwasher, Dryer, Microwave, Range/Oven, Wall Oven, Washer
  • Bedrooms: 5
  • Countertops: Marble, Quartz
  • Floor Coverings: Carpet, Ceramic Tile, Wood Laminate
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Gas Fireplace, Ensuite, Pantry, Wet Bar
  • Optional Rooms: Game Room, In-Law Apartment, Shipswatch
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Vinyl
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Off Street

Utilities

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

Condo/Co-op/Association

  • Hoa Contact: .
  • HOA Contact: .

Lot Info

  • Lot Number: Lot 56
  • Deed Book: 412

Rental Info

  • Est Annual Rental Income: 115000
  • Estimated Rental Performance: 0.1211

Building Info

  • Year Built: 1994

Tax Info

  • Year: 2020
  • Taxes: 4160.55

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2021
Closed on
Oct 6, 2021
Sold by
Dietrich Richard and Dietrich Patricia
Bought by
Stein Michael
Seller's Agent
Melanie Day
Landmark Sotheby's Internation
Buyer's Agent
John Myers
Twiddy and Co. - Duck
List Price
$995,000
Sold Price
$950,000
Premium/Discount to List
-$45,000
-4.52%
Current Estimated Value
$1,190,560

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$240,560
Avg. Annual Appreciation
5.10%
Original Mortgage
$450,000
Outstanding Balance
$408,573
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$781,987

Purchase Details

Closed on
Sep 18, 1997
Bought by
Dietrich Richard and Dietrich Patricia
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
Stein Michael $950,000 None Available
Dietrich Richard $395,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stein Michael $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2021 10/07/21 Sold $950,000 -4.5% $244 / Sq Ft
08/27/2021 08/27/21 Pending -- -- --
08/13/2021 08/13/21 For Sale $995,000 -- $255 / Sq Ft
Source: Outer Banks Association of REALTORS®

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 $5,497 $594,300 $175,000 $419,300
2024 $5,497 $594,300 $175,000 $419,300
2023 $5,481 $594,300 $175,000 $419,300
2022 $4,501 $594,300 $175,000 $419,300
2021 $4,492 $551,000 $170,000 $381,000
2020 $4,161 $551,000 $170,000 $381,000
2019 $4,161 $551,000 $170,000 $381,000
2018 $4,161 $551,000 $170,000 $381,000
2017 $3,865 $551,000 $170,000 $381,000
2016 $3,893 $551,000 $170,000 $381,000
2015 $3,887 $551,000 $170,000 $381,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 115690

Outer Banks Association of REALTORS®

APN: 115A-000-0056-0004

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