NOT LISTED FOR SALE

1073 Corolla Dr Corolla, NC 27927

Estimated Value: $1,017,000 - $1,184,000

6 Beds
7 Baths
3,390 Sq Ft
$325/Sq Ft Est. Value

Last Sold July 22, 2022

Last sale price $1,045,000 $308 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $6,260/month

9 Days on Market

Highlights

  • Ocean View
  • Coastal Architecture
  • Wood Flooring
  • In Ground Pool
  • Cathedral Ceiling
  • Corner Lot

About This Home

As of July 2022

Looking for the perfect beach house? Check out this spacious Whalehead Beach home! This property is perfect for a large family or group of friends. With six bedrooms and 7 bathrooms (5 full + 2 half), there's plenty of room for everyone to spread out and enjoy their own space, but you'll also find plenty of common areas perfect for gathering. With a private pool, hot tub, and extensive covered and uncovered decks, you and your guests will have everything you need to relax and enjoy your vacation. All of this on a huge, private half-acre lot with direct access to the Tuna Street beach access. Plus, it's conveniently located to Currituck Beach Lighthouse and the Historic Corolla Park. Don't miss out on this opportunity!

Last Agent to Sell the Property

Mark Pearson

Real Broker, LLC License #224976 Listed on: 05/31/2022

Real Broker, LLC

Last Buyer's Agent

Paul Sabadash

Sun Realty - Corolla License #119788

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,530

Year Built

  • Built in 2000

Lot Details

  • 0.51 Acre Lot
  • Corner Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 3,390 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Window Treatments
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

  • In Ground Pool
  • Outdoor Pool

Utilities

  • Forced Air 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 58

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,530

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Flood Zone: X
  • Headline: Great Beach Access!
  • Heated Sq Ft: 3390
  • L V T Date: 05/31/2022
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: 4 - lots from oceanfront (5th row)
  • Zoning: RES
  • Deed Book Pg Number: 205
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C26996
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 6
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Ceramic Tile, Vinyl, Wood
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Ensuite, Pantry, Washer Connection, Wet Bar
  • Partial Bathrooms: 2

Exterior Features

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

Garage/Parking

  • Parking: Paved, Off Street

Utilities

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

Lot Info

  • Estimated Lot Sq Ft: 22216
  • Lot Description: Corner, Level
  • Lot Number: Lot 58
  • Estimated Lot Size: 0.51
  • Deed Book: 1399

Rental Info

  • Est Annual Rental Income: 108410
  • Estimated Rental Performance: 0.1037
  • Lease Terms: Weekly
  • Rental Co: Village Realty
  • Rental Cottage Name: Aye Corolla
  • Rental Cottage Number: WH573
  • Rental Phone Number: 252-480-2224
  • Rental Turnover Day: Saturday
  • Rental Contact Email: ownerrelations@vrobx.com
  • Rental Contact Name: Alyssa McDonald/Brenda Davis-Williams
  • Rental Contact Phone: 252-480-2224

Building Info

  • Year Built: 2000

Tax Info

  • Year: 2021
  • Taxes: 4530.37

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2022
Closed on
Jul 22, 2022
Sold by
Henry Horn Michael and Henry Leanne Kris
Bought by
Adams Brian W and Bledsoe Rhonda R
Seller's Agent
Mark Pearson
Real Broker, LLC
Buyer's Agent
Paul Sabadash
Sun Realty - Corolla
List Price
$1,100,000
Sold Price
$1,045,000
Premium/Discount to List
-$55,000
-5%
Current Estimated Value
$1,102,314

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,314
Avg. Annual Appreciation
1.56%
Original Mortgage
$485,000
Outstanding Balance
$460,657
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$641,657

Purchase Details

Closed on
Jul 26, 2017
Sold by
Mead Laura F and Estate Of Pamela A Smallwood
Bought by
Rein Mark A and Jones Steven D

Purchase Details

Listed on
Oct 20, 2016
Closed on
Mar 13, 2017
Sold by
Williamson Dennis L and Williamson Laurie A
Bought by
Horn Michael Henry and Horn Kris Leanne
Seller's Agent
Andrew Hawbaker
EXP Realty, LLC - Coastal
Buyer's Agent
Heather VanderMyde
Coldwell Banker Seaside Realty - KDH
List Price
$599,000
Sold Price
$579,000
Premium/Discount to List
-$20,000
-3.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.59%
Original Mortgage
$424,000
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 17, 2015
Closed on
Aug 26, 2015
Sold by
Destefano Anthony V and Destefano Theresa A
Bought by
Williamson Dennis L and Williamson Laurie A
Seller's Agent
Eddie Kavanaugh
Keller Williams - Outer Banks
Buyer's Agent
Andrew Hawbaker
EXP Realty, LLC - Coastal
List Price
$579,000
Sold Price
$555,000
Premium/Discount to List
-$24,000
-4.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.81%
Original Mortgage
$416,250
Interest Rate
4.16%
Mortgage Type
New Conventional
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
Adams Brian W $1,045,000 Gilreath & Powers Pc
Rein Mark A $160,000 Attorney
Horn Michael Henry -- Attorney
Williamson Dennis L $555,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adams Brian W $485,000
Previous Owner Horn Michael Henry $424,000
Previous Owner Williamson Dennis L $416,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/22/2022 07/22/22 Sold $1,045,000 -5.0% $308 / Sq Ft
06/09/2022 06/09/22 Pending -- -- --
05/31/2022 05/31/22 For Sale $1,100,000 +90.0% $324 / Sq Ft
03/13/2017 03/13/17 Sold $579,000 -3.3% $175 / Sq Ft View Prior Sale
01/31/2017 01/31/17 Pending -- -- --
10/20/2016 10/20/16 For Sale $599,000 +7.9% $182 / Sq Ft
08/31/2015 08/31/15 Sold $555,000 -4.1% $164 / Sq Ft View Prior Sale
06/27/2015 06/27/15 Pending -- -- --
06/17/2015 06/17/15 For Sale $579,000 -- $171 / 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 $5,807 $630,900 $183,800 $447,100
2024 $5,807 $587,800 $183,800 $404,000
2023 $5,422 $587,800 $183,800 $404,000
2022 $4,539 $587,800 $183,800 $404,000
2021 $4,530 $528,900 $178,500 $350,400
2020 $4,122 $528,900 $178,500 $350,400
2019 $4,101 $526,000 $178,500 $347,500
2018 $4,125 $526,000 $178,500 $347,500
2017 $3,712 $526,000 $178,500 $347,500
2016 $3,738 $526,000 $178,500 $347,500
2015 -- $526,000 $178,500 $347,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 119082

Outer Banks Association of REALTORS®

APN: 115A-000-0058-0003