NOT LISTED FOR SALE

1058 Lighthouse Dr Corolla, NC 27927

Estimated Value: $1,876,000 - $2,234,000

9 Beds
9.5 Baths
5,600 Sq Ft
$372/Sq Ft Est. Value

Last Sold December 28, 2017

Last sale price $1,140,000 $204 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $11,729/month

402 Days on Market

Highlights

  • Ocean Front
  • Concrete Pool
  • Cathedral Ceiling
  • Beach Access
  • Second Refrigerator
  • Wood Flooring

About This Home

As of December 2017

Awesome extremely spacious home -- 5600 SF -- semi-oceanfront -- rental income consistently exceeds $100,000. 9 Bedrooms and 9-1/2 baths -- Great ocean views -- Many upgrades -- large open great room, gourmet kitchen, hardwood floors, large gameroom, pool with waterfall, baby pool, hot tub, elevator. Seller only opens for guests from Memorial Day to Labor Day -- a "Projection" of rents for 2018 for an open calendar appears in Associated Docs OWNER OFFERING A $3,000 credit to buyer at settlement for carpeting replacement -- can only be done at end of rental season. Check out the ASSOCIATED DOCS for the awesome Investment Analysis based on the current 2017 rents of $126,175!!! Nearly $30,000 yearly positive cash flow!!!

Last Agent to Sell the Property

Sally Holt

Surfside Realty License #183933 Listed on: 10/07/2016

Surfside Realty

Last Buyer's Agent

Sarah Spencer

Keller Williams - Outer Banks License #185795

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,200

Year Built

  • Built in 2005

Lot Details

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

Home Design

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

Interior Spaces

  • 5,600 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Game Room
  • Utility Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Parking

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

Pool

  • Concrete Pool
  • In Ground Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

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

Utilities

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

Community Details

  • Whalehead Club Subdivision

Listing and Financial Details

  • Tax Lot 19

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,200

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: Go East on Shad then south on Lighthouse to 1058 on right
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Elevator, Hot Tub, Jet Tub, Outside Lighting, Outside Shower, Patio, Smoke Detector(s), Sun Deck
  • Flood Zone: AE
  • Subdivision Name: Whalehead Club
  • Headline: Price Reduced!!!
  • Heated Sq Ft: 5600
  • L V T Date: 10/07/2016
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: RES
  • Deed Book Pg Number: 0255
  • Office License Number: C21933
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 9
  • Bedroom 1: On Level: 2
  • Bedroom 2: On Level: 1
  • Bedroom 3: On Level: 1
  • Bedroom 4: On Level: 1
  • Bedroom 5: On Level: 1
  • Bedroom 6: On Level: Ground
  • Bedroom 7: On Level: Ground
  • Bedroom 8: On Level: Ground
  • Kitchen: On Level: 2
  • Floor Coverings: Carpet, Ceramic Tile, Tile, Wood, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 9
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ensuite, Pantry, Walk in Closet, Washer Connection, Wet Bar
  • Dining Room: On Level: 2
  • Family Room: On Level: Ground
  • Living Room: On Level: 2
  • Optional Room 3: On Level: 1
  • Optional Rooms: Foyer, Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Concrete, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 100
  • View: Ocean

Garage/Parking

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

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Electric, Heat Pump
  • Fuel Tanks: Leased
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Condo/Co-op/Association

  • Home Owner Dwelling Insurance: 724

Lot Info

  • Estimated Lot Sq Ft: 20000
  • Lot Description: Level
  • Lot Faces: E
  • Lot Size: 100 X 200
  • Lot Number: Lot 19
  • Deed Book: 0941

Rental Info

  • Est Annual Rental Income: 154070
  • Estimated Rental Performance: 0.1351
  • Flood Expenses: 926
  • Lease Terms: Weekly
  • Maintenance Expenses: 450
  • Other Expenses: 330000
  • Other Expenses2: 692
  • Poolspa Expense: 3000
  • Rental Co: Outer Banks Blue
  • Rental Cottage Name: WH042 Downtime
  • Rental Cottage Number: WH042
  • Rental Phone Number: 252-255-1220
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 1654
  • Annual Electric: 4510
  • Annual Telephone Expense: 745
  • Annual Water Expense: 738

Building Info

  • Year Built: 2005

Tax Info

  • Year: 2017
  • Taxes: 6200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2024
Sold by
Paton Scott C and Moorhead-Paton Kathleen
Bought by
Paton Properties Llc
Current Estimated Value
$2,082,515

Purchase Details

Listed on
Oct 7, 2016
Closed on
Dec 28, 2017
Sold by
Pars Real Estate Llc
Bought by
Paton Scott C and Paton Kathleen Moorhead
Seller's Agent
Sally Holt
Surfside Realty
Buyer's Agent
Sarah Spencer
Keller Williams - Outer Banks
List Price
$1,350,000
Sold Price
$1,140,000
Premium/Discount to List
-$210,000
-15.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.83%
Original Mortgage
$908,723
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 3, 2014
Closed on
May 27, 2015
Sold by
Diseati Blair D and Diseati Linda E
Bought by
Pars Real Estate Llc
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Sally Holt
Surfside Realty
List Price
$1,249,000
Sold Price
$1,235,000
Premium/Discount to List
-$14,000
-1.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.04%
Original Mortgage
$1,003,200
Interest Rate
3.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 26, 2006
Sold by
S & A Enterprises Llc and Santella Peter T
Bought by
Diseati Blair D and Diseati Linda E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.31%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 4, 2005
Sold by
Santella Peter T and Santella Joann M
Bought by
S&A Enterprises Llc and Santella Peter T
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
Paton Properties Llc -- None Listed On Document
Paton Properties Llc -- None Listed On Document
Paton Scott C $1,140,000 None Available
Pars Real Estate Llc $1,235,000 Attorney
Diseati Blair D $1,785,000 None Available
S&A Enterprises Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Paton Scott C $908,723
Previous Owner Pars Real Estate Llc $1,003,200
Previous Owner Diseati Blair D $250,000
Closed S&A Enterprises Llc $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/28/2017 12/28/17 Sold $1,140,000 0.0% $204 / Sq Ft
11/13/2017 11/13/17 Pending -- -- --
11/03/2017 11/03/17 Price Changed $1,140,000 -0.9% $204 / Sq Ft
07/14/2017 07/14/17 Price Changed $1,150,000 -14.8% $205 / Sq Ft
10/07/2016 10/07/16 For Sale $1,350,000 +9.3% $241 / Sq Ft
05/27/2015 05/27/15 Sold $1,235,000 -1.1% $221 / Sq Ft View Prior Sale
11/18/2014 11/18/14 Pending -- -- --
11/03/2014 11/03/14 For Sale $1,249,000 -- $223 / 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 $9,821 $1,110,200 $400,000 $710,200
2024 $9,821 $1,110,200 $400,000 $710,200
2023 $9,805 $1,110,200 $400,000 $710,200
2022 $8,273 $1,110,200 $400,000 $710,200
2021 $7,999 $923,300 $330,000 $593,300
2020 $6,876 $923,300 $330,000 $593,300
2019 $6,867 $923,300 $330,000 $593,300
2018 $6,867 $864,900 $330,000 $534,900
2017 $5,997 $864,900 $330,000 $534,900
2016 $6,050 $864,900 $330,000 $534,900
2015 -- $864,900 $330,000 $534,900
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Sally Holt

    RE/MAX

    (252) 207-7979

    16 Total Sales

    Sally Holt
    Section Image
  • Sarah Spencer

    Buyer's Agent in 2017

    Sarah Spencer

    Keller Williams - Outer Banks

    (252) 202-3357

    95 in this area

    297 Total Sales

    Sarah Spencer
    Section Image
  • Matt Myatt

    Seller's Agent in 2015

    Matt Myatt

    Keller Williams - Outer Banks

    (252) 207-6588

    159 in this area

    363 Total Sales

    Matt Myatt
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 94003

Outer Banks Association of REALTORS®

APN: 115A-000-0019-0004

North Carolina Currituck County Corolla 27927

1058 Lighthouse Dr, Corolla, NC

Not Listed for Sale

Detached

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