NOT LISTED FOR SALE

1101 Austin St Corolla, NC 27927

Estimated Value: $797,000 - $1,046,000

7 Beds
5.5 Baths
3,100 Sq Ft
$297/Sq Ft Est. Value

Last Sold November 17, 2017

Last sale price $407,500 $131 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $5,492/month

231 Days on Market

Highlights

  • Community Beach Access
  • Home fronts a sound
  • Cathedral Ceiling
  • Health Club
  • In Ground Pool
  • Furnished

About This Home

As of November 2017

A 7 bedroom home in Corolla Light listed for $424,900 does exist... but won't for very long! 2017 Rental income of $49,542 which is a 11.66 ROI! Located on private cul-de-sac with quick and easy direct beach access down Shad Street (1,500 feet) or aboard one of the Corolla Light beach trolleys. With 7 bedrooms and 5.5 bathrooms there is plenty of room for the entire family to spread out. Features include two living areas, wet bar, gameroom, screened porch, wood fireplace, cathedral ceilings and plenty of outdoor living space. Don't forget about the private pool and hot tub. Corolla Light amenities include 3 community pools, kiddie pools, hot tub and tennis courts. Indoor community recreational center with racquetball, fitness room, indoor pool and more. Strong rental history.

Last Agent to Sell the Property

Matt Myatt

Keller Williams - Outer Banks License #218707 Listed on: 02/06/2017

Keller Williams - Outer Banks

Last Buyer's Agent

Kelly Dean

Landmark Sotheby's International Realty License #273801

Landmark Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,443

Year Built

  • Built in 1991

Lot Details

  • Home fronts a sound
  • Property fronts a private road
  • Cul-De-Sac
  • Level Lot

HOA Fees

  • $269 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 3,100 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Game Room

Kitchen

  • Built-In Oven
  • Built-In Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Laminate Countertops
  • Compactor

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck

Utilities

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

Listing and Financial Details

  • Tax Lot #311C

Community Details

Overview

  • Association fees include common electric, common insurance, management, pool, road maintenance, tennis courts, walkways
  • Corolla Light Subdivision

Recreation

  • Community Beach Access
  • Health Club
  • Tennis Courts
  • Indoor Tennis Courts
  • Racquetball
  • Community Indoor Pool
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,443

Year Built

Built in 1991

Lot Details

0

HOA Fees

$269 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: Highway 12 to Corolla Light. West on Austin Street, follow around till the end. House on cul-de-sac.
  • Extras: Ceiling Fan(s), Covered Decks, Hot Tub, Outside Shower, Sun Deck
  • Flood Zone: X
  • Headline: 7 Bedroom in Corolla Light!
  • Heated Sq Ft: 3100
  • L V T Date: 02/06/2017
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Soundfront
  • Zoning: Res
  • Deed Book Pg Number: 57
  • Major Subdivision: Corolla Light
  • Office License Number: C26996
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Compactor, Countertop Range, Dishwasher, Dryer, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer
  • Bedrooms: 7
  • Countertops: Laminate
  • Floor Coverings: Carpet, Ceramic Tile, Vinyl
  • Foundation: Piling, Slab
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Ice Maker Connection, Ensuite, Washer Connection, Wood Fireplace
  • Optional Rooms: Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Block, Wood
  • Exterior: Lap Siding, Wood
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Fiberglass, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Management, Pool, Road Maintenance, Tennis Courts, Walkways
  • Association Amenities: Health Club, Indoor-Comm. Pool, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Park, Racquetball
  • Association Fee: Yes
  • Estimated Annual Fee: 3232

Lot Info

  • Lot Description: Cul-de-sac, Level
  • Lot Number: Lot #311C
  • Deed Book: 686

Rental Info

  • Est Annual Rental Income: 49542
  • Estimated Rental Performance: 0.1216
  • Lease Terms: Weekly
  • Rental Co: Seaside Vacations
  • Rental Cottage Name: Bailey's Retreat II
  • Rental Cottage Number: 1150
  • Rental Phone Number: 252.453.3863
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 1991

Tax Info

  • Year: 2016
  • Taxes: 2443

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2017
Closed on
Nov 17, 2017
Sold by
Stingone Bernard and Stingone Deborah
Bought by
Stauffer George C and Stauffer Joanne M
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Kelly Dean
Landmark Sotheby's International Realty
List Price
$439,000
Sold Price
$407,500
Premium/Discount to List
-$31,500
-7.18%
Current Estimated Value
$920,129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$512,629
Avg. Annual Appreciation
10.86%
Original Mortgage
$366,750
Outstanding Balance
$307,319
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$612,810

Purchase Details

Closed on
Jun 19, 2003
Bought by
Stigone Bernard and Stigone Deborah
Source: Public Records

Range of Values:

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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
Stauffer George C $407,500 None Available
Stigone Bernard $447,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stauffer George C $366,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2017 11/17/17 Sold $407,500 -4.1% $131 / Sq Ft
09/25/2017 09/25/17 Pending -- -- --
08/17/2017 08/17/17 Price Changed $424,900 -3.2% $137 / Sq Ft
08/17/2017 08/17/17 For Sale $439,000 +7.7% $142 / Sq Ft
07/16/2017 07/16/17 Off Market $407,500 -- --
02/06/2017 02/06/17 For Sale $439,000 -- $142 / 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 $3,907 $471,400 $70,000 $401,400
2023 $3,907 $471,400 $70,000 $401,400
2022 $2,943 $471,400 $70,000 $401,400
2021 $2,928 $436,800 $100,000 $336,800
2020 $2,674 $436,800 $100,000 $336,800
2019 $2,674 $436,800 $100,000 $336,800
2018 $2,674 $438,300 $100,000 $338,300
2017 $2,443 $438,300 $100,000 $338,300
2016 $2,443 $438,300 $100,000 $338,300
2015 $2,443 $438,300 $100,000 $338,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 95089

Outer Banks Association of REALTORS®

APN: 115B-000-311C-0000