NOT LISTED FOR SALE

1103 Franklyn St Corolla, NC 27927

Estimated Value: $1,350,000 - $2,274,000

5 Beds
4.5 Baths
3,054 Sq Ft
$583/Sq Ft Est. Value

Last Sold July 03, 2012

Last sale price $1,355,000 $444 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $10,390/month

97 Days on Market

Highlights

  • Community Beach Access
  • Health Club
  • Hydromassage or Jetted Bathtub
  • Ocean Front
  • Spa
  • Furnished

About This Home

As of July 2012

Best Priced Corolla Light Oceanfront! This Corolla Light oceanfront home offers 5 bedrooms and 4.5 bathrooms and provides a private walkway to the beach and your own dunetop deck by the ocean. Beautifully furnished with designer draperies, artwork, bedding, carpet and kitchen with granite countertops. You'll love the fabulous colors and contemporary flair. The entire house is ready to welcome you! conveniently located two houses north of the main Corolla Light pool complex with activities and playground. It's a perfect location for all ages! *Check Brokers Notes for details on adding a pool*

Last Agent to Sell the Property

Matt Myatt

Keller Williams - Outer Banks License #218707 Listed on: 02/07/2012

Keller Williams - Outer Banks

Last Buyer's Agent

Martha Springer

Twiddy and Company - Corolla License #135162

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,649

Year Built

  • Built in 1989

Lot Details

  • Ocean Front
  • Property fronts a private road
  • Landscaped

HOA Fees

  • $252 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 3,054 Sq Ft Home
  • Furnished
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Built-In Oven
  • Built-In Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • 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 #205

Community Details

Overview

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

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,649

Year Built

Built in 1989

Lot Details

0

HOA Fees

$252 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: Highway 12 to Corolla Light. East on Austin, Right on Franklyn, First Left on Franklyn, House on Rt
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Hot Tub, Jet Tub, Landscaped, Smoke Detector(s), Sun Deck
  • Flood Zone: VE
  • Headline: Lowest Price CL Oceanfront!
  • Heated Sq Ft: 3054
  • Phase: 2C
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 556
  • Major Subdivision: Corolla Light
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Countertop Range, Disposal, Dishwasher, Dryer, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer
  • Bedrooms: 5
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Vinyl
  • Foundation: Piling, Slab
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Washer Connection
  • Optional Rooms: Shipswatch
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Shakes, Wood
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: Carport

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, Security, Tennis Courts
  • Association Amenities: Health Club, Indoor-Comm. Pool, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Park, Playground, Racquetball
  • Association Fee: Yes
  • Estimated Annual Fee: 3018

Lot Info

  • Lot Description: Water Frontage
  • Lot Faces: E
  • Lot Number: Lot #205
  • Deed Book: 780

Rental Info

  • Est Annual Rental Income: 80250
  • Estimated Rental Performance: 0.0592
  • Lease Terms: Weekly
  • Other Expenses: 1400000
  • Rental Co: Vacasa - North
  • Rental Cottage Name: Free Spirit
  • Rental Cottage Number: 205
  • Rental Phone Number: 866.453.9660
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 1989

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2011
  • Taxes: 5648.74

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2012
Closed on
Jun 28, 2012
Sold by
Hill David W and Hill Leslie J
Bought by
Jones Stephen A and Dougherty Jones Sara J
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Martha Springer
Twiddy and Company - Corolla
List Price
$1,450,000
Sold Price
$1,355,000
Premium/Discount to List
-$95,000
-6.55%
Current Estimated Value
$1,780,044

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$425,044
Avg. Annual Appreciation
2.07%
Original Mortgage
$1,084,000
Outstanding Balance
$753,913
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$1,026,131
Source: Public Records

Range of Values:

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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
Jones Stephen A $1,355,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones Stephen A $1,084,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/03/2012 07/03/12 Sold $1,355,000 -6.6% $444 / Sq Ft
05/14/2012 05/14/12 Pending -- -- --
02/07/2012 02/07/12 For Sale $1,450,000 -- $475 / 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 $9,629 $1,306,500 $850,000 $456,500
2023 $9,613 $1,306,500 $850,000 $456,500
2022 $7,099 $1,306,500 $850,000 $456,500
2021 $7,201 $1,333,300 $950,000 $383,300
2020 $7,438 $1,333,300 $950,000 $383,300
2019 $7,438 $1,333,300 $950,000 $383,300
2018 $0 $1,333,300 $950,000 $383,300
2017 $6,742 $1,333,300 $950,000 $383,300
2016 $6,742 $1,333,300 $950,000 $383,300
2015 -- $1,333,300 $950,000 $383,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 73434

Outer Banks Association of REALTORS®

APN: 115B-000-0205-0000