NOT LISTED FOR SALE

1060 Lighthouse Dr Corolla, NC 27927

Estimated Value: $1,522,000 - $1,606,000

7 Beds
7.5 Baths
3,892 Sq Ft
$401/Sq Ft Est. Value

Last Sold March 26, 2018

Last sale price $815,000 $209 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $8,972/month

46 Days on Market

Highlights

  • Ocean Front
  • Cathedral Ceiling
  • Granite Countertops
  • In Ground Pool
  • Furnished
  • Second Dishwasher

About This Home

As of March 2018

This 7 bedroom semi-oceanfront home has been recently renovated and is ready for rentals. Renovations include a new roof, all new siding, exterior deck rails painted, new pool pump, new bedding and decor inside. Outside you will find a large yard with volleyball and a fenced pool area. This home features ample deck space including some that wrap around and some that are private. Inside on the ground level you will find 2 bedrooms that each have their own private bath and a third bedroom with a semi-private bath that is shared with the rec room area. The rec room includes a game table, wet bar and seating area. On the middle level you will find four master bedrooms each with their own private baths and each with a sliding door for deck access. The top level is open and spacious featuring an updated kitchen with granite counters and stainless steel appliances, a dining area with ocean views, living room, additional seating area with ocean views and a shipswatch with seating and more ocean views. All of these amenites translate into great rental income with a projection of over $110k.

Last Agent to Sell the Property

Andy Tucker

Beach House Brokers, LLC License #249929 Listed on: 12/15/2017

Co-Listed By

Johanna Tucker

OBX Surf Realty, LLC License #246978

Last Buyer's Agent

Michael Nolan

Waterfront Properties OBX License #193233

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,657

Year Built

  • Built in 1997

Lot Details

  • Ocean Front

Home Design

  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Construction Material

Interior Spaces

  • 3,892 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Second Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Pool

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

Utilities

  • Heat Pump System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Community Details

  • Whalehead Club Subdivision

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Tax Lot 20

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,657

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Bank Owned: Yes
  • Extras: Ceiling Fan(s), Hot Tub, Outside Shower
  • Headline: Renovated and Ready to Go!
  • Heated Sq Ft: 3892
  • L V T Date: 12/15/2017
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: Res
  • Deed Book Pg Number: 424
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C28285
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: 20
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer, 2nd Dishwasher
  • Bedrooms: 7
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Wood Laminate
  • Full Bathrooms: 7
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ensuite, Pantry, Washer Connection
  • Optional Rooms: Shipswatch
  • Partial Bathrooms: 1

Exterior Features

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

Utilities

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

Lot Info

  • Lot Number: Lot 20
  • Deed Book: 1411

Rental Info

  • Est Annual Rental Income: 110070
  • Estimated Rental Performance: 0.1351

Building Info

  • Year Built: 1997

Tax Info

  • Year: 2017
  • Taxes: 5656.55

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2017
Closed on
Feb 12, 2018
Sold by
U S Bank National Associatiion
Bought by
Clark Thomas D and Clark Tanya S
Seller's Agent
Andy Tucker
Beach House Brokers, LLC
Buyer's Agent
Michael Nolan
Waterfront Properties OBX
List Price
$819,900
Sold Price
$815,000
Premium/Discount to List
-$4,900
-0.6%
Current Estimated Value
$1,584,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$769,890
Avg. Annual Appreciation
8.67%
Original Mortgage
$650,000
Outstanding Balance
$552,525
Interest Rate
4.32%
Mortgage Type
New Conventional
Estimated Equity
$1,008,604

Purchase Details

Closed on
May 13, 2005
Sold by
Rogers Michael D and Rogers Johanna E
Bought by
Diversified Investments Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,240,000
Interest Rate
5.69%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Clark Thomas D $815,000 None Available
Diversified Investments Group Llc $1,550,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clark Thomas D $650,000
Previous Owner Diversified Investments Group Llc $1,240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2018 03/26/18 Sold $815,000 -0.6% $209 / Sq Ft
12/15/2017 12/15/17 For Sale $819,900 -- $211 / 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 $9,191 $1,049,600 $400,000 $649,600
2024 $9,191 $884,800 $400,000 $484,800
2023 $7,818 $884,800 $400,000 $484,800
2022 $6,670 $884,800 $400,000 $484,800
2021 $6,655 $799,600 $330,000 $469,600
2020 $6,089 $799,600 $330,000 $469,600
2019 $6,073 $799,600 $330,000 $469,600
2018 $6,073 $799,600 $330,000 $469,600
2017 $5,657 $799,600 $330,000 $469,600
2016 $5,698 $799,600 $330,000 $469,600
2015 $5,698 $799,600 $330,000 $469,600
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2018

    Andy Tucker

    Beach House Brokers, LLC

    (252) 202-7873

    5 in this area

    57 Total Sales

    Andy Tucker
    Section Image
  • Johanna Tucker

    Seller Co-Listing Agent in 2018

    Johanna Tucker

    OBX Surf Realty, LLC

    (252) 202-7675

    7 in this area

    42 Total Sales

    Johanna Tucker
    Section Image

  • M

    Buyer's Agent in 2018

    Michael Nolan

    Waterfront Properties OBX

    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 98738

Outer Banks Association of REALTORS®

APN: 115A-000-0020-0004

North Carolina Currituck County Corolla 27927

1060 Lighthouse Dr, Corolla, NC

Not Listed for Sale

Detached

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