NOT LISTED FOR SALE

1081 Corolla Dr Corolla, NC 27927

Estimated Value: $1,072,000 - $1,104,000

6 Beds
6 Baths
3,212 Sq Ft
$339/Sq Ft Est. Value

Last Sold March 26, 2019

Last sale price $560,000 $174 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $6,130/month

15 Days on Market

Highlights

  • Community Beach Access
  • In Ground Pool
  • Coastal Architecture
  • Ocean View
  • Second Refrigerator
  • Wooded Lot

About This Home

As of March 2019

This place has it all... Six bedrooms, huge game room, custom heated pool, kiddie pool, playground, all new tiled showers, storage shed, X flood zone, 2 hot tubs and very close to beach access. Rental Income surpasses 50k between property manager and owner bookings. One look and you will realize this owner has meticulously maintained this property and the recent upgrades make it sparkle. New wood flooring has been installed and every bathroom has just gone through extensive renovations that include custom tile work with mosaic inlays, granite countertops and full glass doors. The main living area is an open design that renters love. New electronics, including flat screen televisions in every bedroom have been installed. Four of the six bedrooms are master suites and each bedroom is very spacious. The lower level game room is equally roomy and features a wet bar, full sized fridge and regulation Mosconi slate pool table. Tons of deck space (some with ocean views) gives owners and guests numerous gathering spaces to entertain. This wooded, landscaped lot is very close to the Shad St access, so the beach is just a quick walk from the house. Many recent upgrades include new fridge, HVAC, flooring and replacement windows. There are six different owner's closets, as well as an outdoor shed. Both pools were just resurfaced and look brand new! The home is being sold with all furnishings and contents. So, the new owner will only need to bring a toothbrush! It literally fulfills every item on the beach house wish list.

Last Agent to Sell the Property

Chandler Spawr

Coastal Property Partners License #190456 Listed on: 01/14/2019

Last Buyer's Agent

Glenn Jungen

Twiddy and Company - Corolla License #224940

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,645

Year Built

  • Built in 1998

Lot Details

  • 0.46 Acre Lot
  • Fenced Yard
  • Level Lot
  • Wooded Lot

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Asphalt Shingled Roof
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 3,212 Sq Ft Home
  • Wet Bar
  • Furnished
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Dishwasher
  • Granite Countertops
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Cedar Closet
  • 6 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Sun Deck
  • Exterior Lighting
  • Storage Shed

Utilities

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

Listing and Financial Details

  • Tax Lot 54

Community Details

Overview

  • Association fees include walkways
  • Whalehead Club Subdivision

Recreation

  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,645

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Ocean Trail (12) East on Shad, Right on Corolla, House on Left
  • Extras: Fenced Yard, Hot Tub, Outside Lighting, Outside Shower, Smoke Detector(s), Storage Shed, Sun Deck
  • Flood Zone: X
  • Headline: Beach House Paradise!
  • Heated Sq Ft: 3212
  • L V T Date: 01/14/2019
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 3
  • Waterfront Location: 4 - lots from oceanfront (5th row)
  • Zoning: Res
  • Deed Book Pg Number: 0307
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C26165
  • 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 w/Ice Maker, Washer, 2nd Refrigerator
  • Bedrooms: 6
  • Countertops: Granite, Laminate
  • Floor Coverings: Carpet, Ceramic Tile, Tile, Wood Laminate
  • Foundation: Piling
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: Cedar Closet(s), Dryer Connection, Ice Maker Connection, Washer Connection, Wet Bar
  • Optional Rooms: Game Room

Exterior Features

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

Garage/Parking

  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Walkways
  • Association Amenities: Ocean Access

Lot Info

  • Estimated Lot Sq Ft: 20000
  • Lot Description: Level, Wooded
  • Lot Number: Lot 54
  • Estimated Lot Size: 0.46
  • Deed Book: 0760

Rental Info

  • Est Annual Rental Income: 64495
  • Estimated Rental Performance: 0.1152
  • Lease Terms: Weekly
  • Rental Co: Beach Realty & Construction
  • Rental Cottage Name: EAGLE'S LANDING
  • Rental Cottage Number: 7099
  • Rental Turnover Day: Sat
  • Rental Contact Email: scott@beachrealtync.com
  • Rental Contact Name: Scott Quigley
  • Rental Contact Phone: 252-453-4141

Building Info

  • Year Built: 1998

Tax Info

  • Year: 2017
  • Taxes: 3645

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2019
Closed on
Mar 21, 2019
Sold by
Adler Craig D and Adler Lisa K
Bought by
Mcguckin James W and Mcguckin Marie T
Seller's Agent
Chandler Spawr
Coastal Property Partners
Buyer's Agent
Glenn Jungen
Twiddy and Company - Corolla
List Price
$579,000
Sold Price
$560,000
Premium/Discount to List
-$19,000
-3.28%
Current Estimated Value
$1,088,293

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$528,293
Avg. Annual Appreciation
10.34%
Original Mortgage
$160,000
Outstanding Balance
$140,095
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$948,198

Purchase Details

Closed on
Aug 18, 2003
Bought by
Adler, Craig D Trustee
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mcguckin James W $560,000 None Available
Adler, Craig D Trustee $723,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcguckin James W $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2019 03/26/19 Sold $560,000 -3.3% $174 / Sq Ft
01/29/2019 01/29/19 Pending -- -- --
01/14/2019 01/14/19 For Sale $579,000 -- $180 / 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 $5,138 $552,300 $175,000 $377,300
2024 $5,138 $552,300 $175,000 $377,300
2023 $4,649 $552,300 $175,000 $377,300
2022 $4,343 $552,300 $175,000 $377,300
2021 $4,328 $512,900 $170,000 $342,900
2020 $3,925 $512,900 $170,000 $342,900
2019 $3,925 $512,900 $170,000 $342,900
2018 $3,925 $512,900 $170,000 $342,900
2017 $3,646 $512,900 $170,000 $342,900
2016 $3,675 $512,900 $170,000 $342,900
2015 $3,671 $512,900 $170,000 $342,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 103264

Outer Banks Association of REALTORS®

APN: 115A-000-0054-0003