NOT LISTED FOR SALE

1076 Corolla Dr Corolla, NC 27927

Estimated Value: $999,058 - $1,140,000

7 Beds
5 Baths
3,570 Sq Ft
$301/Sq Ft Est. Value

Last Sold August 24, 2020

Last sale price $627,000 $176 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $6,064/month

18 Days on Market

Highlights

  • Ocean View
  • Rooftop Deck
  • Cathedral Ceiling
  • Indoor Pool
  • Contemporary Architecture
  • Wood Flooring

About This Home

As of August 2020

Well-maintained vacation home in Whalehead, waiting for a new family! This 8-bedroom turn-key property is suited for investment or second home enjoyment. The top level is allocated for living/ dining/ kitchen space with an open flow designed for a large group of family or friends. An abundance of windows all around bring in natural light to compliment the sunny décor highlighted by hardwood floors and cheerful colors. The kitchen has ample cabinet space, granite counters, breakfast bar, and pantry. There is also convenient deck access located off the adjacent dining area for al fresco meals. A separate sitting area next to the open family room can double as an alternate dining area. This level is designed for comfort and gathering. The mid-level has 2 King en suite bedrooms with private bathrooms and shaded deck access, 3 guest rooms, and a full bath with double vanities. The rooms are all spacious and configured for a variety of sleeping arrangements. The ground level features another 3 bedrooms and 2 full baths. A wainscoted rec room with pool table and wet bar are also found here. This is not a dark and dingy ground enclosure- there are plenty of windows to bring in natural light and a glass slider out to the inground pool and hot tub. Multiple decks offer shade or sun, with the uppermost “sky view” deck offering ocean and sunset views! Located a few lots from the Tuna St beach access walkway, and close to the shopping, dining and attractions of Corolla.

Last Agent to Sell the Property

Matt Myatt

Keller Williams - Outer Banks License #218707 Listed on: 06/12/2020

Keller Williams - Outer Banks

Co-Listed By

Terry Blocher

Keller Williams - Outer Banks License #271673

Last Buyer's Agent

Ray Meiggs

Twiddy and Co. - Duck License #290422

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,777

Year Built

  • Built in 2002

Lot Details

  • 0.46 Acre Lot
  • Level Lot

HOA Fees

  • $4 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Construction Material

Interior Spaces

  • 3,570 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Game Room
  • Ocean Views

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Full Bathrooms

Parking

  • Paved Parking
  • Off-Street Parking

Pool

  • Indoor Pool
  • Outdoor Pool
  • Vinyl Pool
  • Spa

Outdoor Features

  • Sun Deck
  • Rooftop Deck
  • Covered Deck
  • Exterior Lighting

Utilities

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

Community Details

  • Whalehead Club Subdivision

Listing and Financial Details

  • Tax Lot 61

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,777

Year Built

Built in 2002

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary
  • Directions: Ocean Trail north to right onto Shad St. Right onto Corolla Drive- home will be ahead on the right.
  • Extras: Ceiling Fan(s), Covered Decks, Hot Tub, Outside Lighting, Sun Deck, Roof Top Deck
  • Flood Zone: X
  • Headline: Turnkey Vacation Home!
  • Heated Sq Ft: 3570
  • L V T Date: 06/12/2020
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 3
  • Waterfront Location: 4 - lots from oceanfront (5th row)
  • Zoning: res
  • Advertised Income 2020: 74749
  • Deed Book Pg Number: 909
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C30917
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Range/Oven, Refrigerator, 2nd Dishwasher
  • Bedrooms: 7
  • Countertops: Granite, Solid Surface
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Foundation: Slab
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Gas Connection, Gas Fireplace, Pantry, Wet Bar
  • Optional Rooms: Game Room, Pantry

Exterior Features

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

Garage/Parking

  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • Association Fee: Voluntary - Restrictive Covenants May Apply
  • Estimated Annual Fee: 45

Lot Info

  • Estimated Lot Sq Ft: 20000
  • Lot Description: Level
  • Lot Number: Lot 61
  • Estimated Lot Size: 0.46
  • Deed Book: 593

Rental Info

  • Est Annual Rental Income: 61220
  • Estimated Rental Performance: 0.0976
  • Flood Expenses: 759
  • Lease Terms: Weekly
  • Poolspa Expense: 3500
  • Rental Co: Vacasa - North
  • Rental Cottage Name: Endless Summer
  • Rental Cottage Number: 430
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Actual
  • Annual Electric: 2750
  • Annual Water Expense: 1050
  • Rental Contact Email: nancybeasley@corollaclassicvacations.com
  • Rental Contact Name: Nancy Beasley
  • Rental Contact Phone: 252-453-5012

Building Info

  • Year Built: 2002

Tax Info

  • Year: 2020
  • Taxes: 3777

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2020
Closed on
Aug 21, 2020
Sold by
Fullwood Charles R and Fullwood Kimberly A
Bought by
Mutson Eric D and Mutson Courtney L
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Ray Meiggs
Twiddy and Co. - Duck
List Price
$630,000
Sold Price
$627,000
Premium/Discount to List
-$3,000
-0.48%
Current Estimated Value
$1,076,265

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$449,265
Avg. Annual Appreciation
10.63%
Original Mortgage
$496,000
Outstanding Balance
$438,002
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$638,263

Purchase Details

Closed on
Jun 20, 2002
Bought by
Fullwood Charles R and Fullwood Kimberly A
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
Mutson Eric D $620,000 None Available
Fullwood Charles R $516,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mutson Eric D $496,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2020 08/24/20 Sold $627,000 -0.5% $176 / Sq Ft
06/30/2020 06/30/20 Pending -- -- --
06/29/2020 06/29/20 For Sale $630,000 0.0% $176 / Sq Ft
06/23/2020 06/23/20 Pending -- -- --
06/12/2020 06/12/20 For Sale $630,000 -- $176 / 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 $5,047 $539,300 $125,000 $414,300
2024 $5,031 $539,300 $125,000 $414,300
2023 $4,567 $539,300 $125,000 $414,300
2022 $4,267 $539,300 $125,000 $414,300
2021 $4,158 $490,500 $160,000 $330,500
2020 $3,782 $490,500 $160,000 $330,500
2019 $3,777 $490,500 $160,000 $330,500
2018 $3,770 $490,500 $160,000 $330,500
2017 $3,507 $490,500 $160,000 $330,500
2016 $3,543 $490,500 $160,000 $330,500
2015 $3,549 $490,500 $160,000 $330,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 109674

Outer Banks Association of REALTORS®

APN: 115A-000-0061-0003