NOT LISTED FOR SALE

1063 Corolla Dr Corolla, NC 27927

Estimated Value: $837,000 - $888,000

5 Beds
3 Baths
2,100 Sq Ft
$409/Sq Ft Est. Value

Last Sold August 08, 2016

Last sale price $430,000 $205 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $4,891/month

2 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • Hydromassage or Jetted Bathtub
  • Beach Access
  • Cathedral Ceiling
  • Furnished

About This Home

As of August 2016

Elevation, elevation, elevation! This home is perched perfectly atop a large sand dune in highly desirable Whalehead Beach and offers excellent ocean and sound views! The reverse floor plan is setup perfectly to take advantage of all this lot has too offer. The top floor offers a large open floor plan with floor to ceilings windows on the oceanside to take advantage of the views! Beyond the views you will find a recently updated kitchen (new cabinets & granite counters), large open great room with wood burning fireplace, dining area, bedroom along with a full bathroom. Walk outside to find expansive wrap around decking and a large screened porch. Back inside you will find the first of the 5 bedrooms and a loft area the perfect place to enjoy a book or let the children play. As with most reverse floor plan homes the mid-level is the area designed for rest and relaxation, and this home is no different. Mid-level offers an additional 4 bedrooms w/ 2 bathrooms with access to the mid-level wrap around decking. Venture outside to find your own private oasis including a private pool and hot tub with large pool deck surround perfect for those afternoons relaxing by the pool. This home is priced to moved, so don't wait!

Last Agent to Sell the Property

Matt Myatt

Keller Williams - Outer Banks License #218707 Listed on: 06/16/2016

Keller Williams - Outer Banks

Last Buyer's Agent

Martha Springer

Twiddy and Company - Corolla License #135162

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,985

Year Built

  • Built in 1988

Lot Details

  • 0.46

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

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

Interior Spaces

  • 2,100 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Screened Porch
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Beach Access
  • Sun Deck
  • Exterior Lighting

Utilities

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

Community Details

  • Whalehead Club Subdivision

Listing and Financial Details

  • Tax Lot #52

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,985

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: Highway 12 - East on Herring Street - Left on Corolla Drive - House on Right.
  • Extras: Beach Access, Ceiling Fan(s), Hot Tub, Jet Tub, Outside Lighting, Outside Shower, Screened Porch, Smoke Detector(s), Sun Deck
  • Flood Zone: X
  • Headline: Ocean Views, Priced to Move!
  • Heated Sq Ft: 2100
  • L V T Date: 06/16/2016
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: More than 5th row
  • Zoning: Res
  • Deed Book Pg Number: 568
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 5
  • Countertops: Laminate
  • Floor Coverings: Carpet, Ceramic Tile, Tile, Vinyl
  • Foundation: Piling, Slab
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Ice Maker Connection, Washer Connection, Wood Fireplace

Exterior Features

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

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street

Utilities

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

Lot Info

  • Lot Number: Lot #52
  • Deed Book: 473

Rental Info

  • Est Annual Rental Income: 40634
  • Estimated Rental Performance: 0.0945
  • Rental Co: Village Realty
  • Rental Cottage Name: Windchime
  • Rental Cottage Number: WH-531
  • Rental Phone Number: 252.453.9650
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 1988

Tax Info

  • Year: 2015
  • Taxes: 2985

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2016
Closed on
Aug 9, 2016
Sold by
Gambino James J and Gambino Judith S
Bought by
Connolly Matthew H and Ownby Lisa L
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Martha Springer
Twiddy and Company - Corolla
List Price
$424,900
Sold Price
$430,000
Premium/Discount to List
$5,100
1.2%
Current Estimated Value
$857,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$427,933
Avg. Annual Appreciation
7.81%
Original Mortgage
$387,000
Outstanding Balance
$309,576
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$548,357

Purchase Details

Closed on
Aug 31, 1999
Bought by
Gambino James J and Gambino Judith S
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
Connolly Matthew H $430,000 Attorney
Gambino James J $235,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Connolly Matthew H $387,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2016 08/08/16 Sold $430,000 +1.2% $205 / Sq Ft
06/18/2016 06/18/16 Pending -- -- --
06/16/2016 06/16/16 For Sale $424,900 -- $202 / 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 $4,114 $434,500 $175,000 $259,500
2023 $3,740 $434,500 $175,000 $259,500
2022 $3,497 $434,500 $175,000 $259,500
2021 $3,482 $409,800 $170,000 $239,800
2020 $3,244 $409,800 $170,000 $239,800
2019 $3,244 $409,800 $170,000 $239,800
2018 $3,187 $409,800 $170,000 $239,800
2017 $2,960 $409,800 $170,000 $239,800
2016 $2,981 $409,800 $170,000 $239,800
2015 $2,985 $409,800 $170,000 $239,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 92787

Outer Banks Association of REALTORS®

APN: 115A-000-0052-0004