NOT LISTED FOR SALE

1069 Corolla Dr Corolla, NC 27927

Estimated Value: $940,000 - $1,049,000

6 Beds
5.5 Baths
2,900 Sq Ft
$343/Sq Ft Est. Value

Last Sold December 29, 2014

Last sale price $485,000 $167 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $5,721/month

174 Days on Market

Highlights

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

About This Home

As of December 2014

This Whalehead Beach home offers exactly what buyers are looking for ocean / sound views and a strong rental income. Positioned on one of the highest points in Whalehead Beach (X flood zone - no flood insurance required) this 6 bedrooms, 5.5 bathroom home offers breathtaking ocean and sound views along with your own private pool and hot tub. Add to that a strong rental history ($49K so far in 2014) make this home a must see! The reverse floor plan home is perfectly setup to take advantages of the elevation of this lot and offers some excellent sunrise and sunset views! The top floor offers a large open great room and kitchen with plenty of room for the entire family to stretch out, a large master bedroom, and a screened porch for you to enjoy on the evenings. As with most reverse floor plan homes, the mid level is designed for sleeping with a total of 4 large bedrooms (2 additional masters) . The ground level has the final bedroom and a large game room along with an additional family room.

Last Agent to Sell the Property

Matt Myatt

Keller Williams - Outer Banks License #218707 Listed on: 05/19/2014

Keller Williams - Outer Banks

Last Buyer's Agent

Holleay Parcker

Spinnaker Realty, LLC License #193280

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,747

Year Built

  • Built in 1997

Lot Details

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

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 2,900 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Game Room
  • Screened Porch
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom
  • 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
  • Covered Deck
  • Patio
  • Exterior Lighting

Utilities

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

Community Details

  • Whalehead Club Subdivision

Listing and Financial Details

  • Tax Lot #49

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,747

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: Highway 12 North to Shad Street. Right on Shad Street, Right on Corolla Drive. Home on Left.
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Hot Tub, Jet Tub, Outside Lighting, Outside Shower, Patio, Screened Porch, Smoke Detector(s), Sun Deck
  • Flood Zone: X
  • Headline: Excellent Ocean Views!
  • Heated Sq Ft: 2900
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 4
  • Waterfront Location: 4 - lots from oceanfront (5th row)
  • Zoning: Res
  • Deed Book Pg Number: 199
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 6
  • Countertops: Laminate
  • Floor Coverings: Carpet, Vinyl, Wood, Hardwood
  • Foundation: Piling, Slab
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Some Windows Treated, Washer Connection, Wet Bar
  • Optional Rooms: Game Room
  • Partial Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Parking: Paved, Off Street

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Heat Pump
  • Oilgas Severed Pre Owner: No Representation
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Lot Info

  • Estimated Lot Sq Ft: 20000
  • Lot Description: Level
  • Lot Faces: E
  • Lot Size: 100 x 200
  • Lot Number: Lot #49
  • Deed Book: 843

Rental Info

  • Est Annual Rental Income: 49159
  • Estimated Rental Performance: 0.1014
  • Rental Co: Southern Shores Realty
  • Rental Cottage Name: Spice of Life
  • Rental Cottage Number: 934
  • Rental Phone Number: 252.261.2000
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 1997

Tax Info

  • Year: 2013
  • Taxes: 3746.97

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2014
Closed on
Dec 23, 2014
Sold by
Thomas Mary C and Thomas David A
Bought by
Gadh Charanjiv S and Gadh Jagdeep K
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Holleay Parcker
Spinnaker Realty, LLC
List Price
$579,900
Sold Price
$485,000
Premium/Discount to List
-$94,900
-16.36%
Current Estimated Value
$1,011,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$526,442
Avg. Annual Appreciation
6.73%
Original Mortgage
$388,000
Outstanding Balance
$297,130
Interest Rate
4.07%
Mortgage Type
New Conventional
Estimated Equity
$696,869
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gadh Charanjiv S $485,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gadh Charanjiv S $388,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2014 12/29/14 Sold $485,000 -16.4% $167 / Sq Ft
11/09/2014 11/09/14 Pending -- -- --
05/19/2014 05/19/14 For Sale $579,900 -- $200 / 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 $5,064 $553,100 $175,000 $378,100
2024 $5,064 $553,100 $175,000 $378,100
2023 $5,048 $553,100 $175,000 $378,100
2022 $4,281 $553,100 $175,000 $378,100
2021 $4,266 $514,900 $170,000 $344,900
2020 $3,963 $514,900 $170,000 $344,900
2019 $3,958 $514,900 $170,000 $344,900
2018 $3,958 $514,900 $170,000 $344,900
2017 $3,681 $514,900 $170,000 $344,900
2016 $3,708 $514,900 $170,000 $344,900
2015 $3,717 $516,300 $170,000 $346,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 83752

Outer Banks Association of REALTORS®

APN: 115A-000-0049-0004