NOT LISTED FOR SALE

1107 Carotank Dr Corolla, NC 27927

Estimated Value: $1,198,012 - $1,462,000

5 Beds
6 Baths
3,452 Sq Ft
$381/Sq Ft Est. Value

Last Sold February 05, 2016

Last sale price $750,000 $217 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $6,997/month

209 Days on Market

Highlights

  • Ocean View
  • Cathedral Ceiling
  • Hydromassage or Jetted Bathtub
  • In Ground Pool
  • Wood Flooring
  • Furnished

About This Home

As of February 2016

You will love this spacious home in Corolla Village with wonderful ocean and Lighthouse views. It is located only 3 lots back from the ocean with the beach just 125 yards away! Play in the 16 x 36 private pool, or relax on the large screened porch or ample sun decks. This 5 bedroom, 4 bath home offers 3 partial baths as well; one off the great room, one off the ground floor game room, and one by the outside shower. Besides the spacious great room and game room, there is a den on the mid level and an elevated ships watch on the top floor, allowing plenty of room for everyone. The lot is located in an X flood zone, so no flood insurance is required. Put this one on your list!

Last Agent to Sell the Property

Debra Price

Debbie Price, Broker License #108320 Listed on: 05/15/2015

Last Buyer's Agent

Rodney Perry

Brindley Beach Vacations & Sales - Cor License #218159

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,390

Year Built

  • Built in 1997

Lot Details

  • Lot Dimensions are 150 x 134
  • Property fronts a private road
  • Cul-De-Sac
  • Landscaped
  • Unpaved Streets
  • Property is zoned Res.

Home Design

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

Interior Spaces

  • 3,452 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Entrance Foyer
  • Game Room
  • Screened Porch
  • Utility Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport

Pool

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

Outdoor Features

  • Sun Deck

Utilities

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

Community Details

  • Corolla Village Subdivision

Listing and Financial Details

  • Tax Lot 24

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,390

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: Turn E on Carotank from Hwy. 12. House is on the Left, 3rd house from the beach.
  • Extras: Ceiling Fan(s), Jet Tub, Landscaped, Outside Shower, Screened Porch, Smoke Detector(s), Sun Deck
  • Flood Zone: X
  • Heated Sq Ft: 3452
  • Roads: Private, Unpaved
  • Sale/Rent: For Sale
  • Section: Section 3
  • Waterfront Location: 2 - lots from oceanfront (3rd row
  • Zoning: Res.
  • Deed Book Pg Number: 320
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 5
  • Bedroom 1: Queen Mst, On Level: 2
  • Bedroom 2: Queen Mst, On Level: 1
  • Bedroom 3: Queen, On Level: 1
  • Bedroom 4: Twins, On Level: 1
  • Bedroom 5: Bunks, On Level: 1
  • Kitchen: Nice, On Level: 2
  • Countertops: Laminate
  • Floor Coverings: Carpet, Tile, Vinyl, Wood
  • Foundation: Piling
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Ice Maker Connection, Ensuite, Some Windows Treated, Washer Connection, Wood Fireplace
  • Dining Room: Combo, On Level: 2
  • Family Room: Den, On Level: 1
  • Game Room: Pool TBL, On Level: Ground
  • Living Room: Open, On Level: 2
  • Optional Rooms: Foyer, Game Room, Utility Room, Shipswatch
  • Partial Bathrooms: 2

Exterior Features

  • Construction: Frame, Wood
  • Covered Deck Size: Yes
  • Exterior: Lap Siding, Wood
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Fiberglass, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Screen Porch Size: Yes
  • Sun Deck Size: Ample
  • View: Ocean

Garage/Parking

  • Garage: 1 Car, Attached, Carport

Utilities

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

Condo/Co-op/Association

  • Home Owner Dwelling Insurance: 3759

Lot Info

  • Lot Description: Cul-de-sac
  • Lot Size: 150 x 134
  • Lot Number: Lot 24
  • Deed Book: 388

Rental Info

  • Est Annual Rental Income: 53564
  • Estimated Rental Performance: 0.0714
  • Flood Expenses: 460
  • Lease Terms: Weekly
  • Other Expenses: 700
  • Poolspa Expense: 1800
  • Rental Co: Vacasa - North
  • Rental Cottage Name: Inishkeen
  • Rental Cottage Number: CV2
  • Rental Phone Number: 453-9660
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 1476
  • Annual Electric: 2590
  • Annual Telephone Expense: 1040
  • Annual Water Expense: 903

Building Info

  • Year Built: 1997

Tax Info

  • Year: 2015
  • Taxes: 3390

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2015
Closed on
Jan 25, 2016
Sold by
Lagnese Joseph J and Lagnese Nancy Q Boyd
Bought by
Bingol Mehmet Selim and Bingol Julie Fitzgerald
Seller's Agent
Debra Price
Debbie Price, Broker
Buyer's Agent
Rodney Perry
Brindley Beach Vacations & Sales - Cor
List Price
$798,000
Sold Price
$750,000
Premium/Discount to List
-$48,000
-6.02%
Current Estimated Value
$1,264,849

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$514,849
Avg. Annual Appreciation
5.80%
Original Mortgage
$425,000
Outstanding Balance
$336,425
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$978,578

Purchase Details

Closed on
Aug 29, 1996
Bought by
Lagnese Joseph J and Lagnese Nancy Q B
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
Bingol Mehmet Selim $750,000 Attorney
Lagnese Joseph J $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bingol Mehmet Selim $425,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/05/2016 02/05/16 Sold $750,000 -6.0% $217 / Sq Ft
12/10/2015 12/10/15 Pending -- -- --
05/15/2015 05/15/15 For Sale $798,000 -- $231 / 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 $5,372 $698,400 $286,700 $411,700
2024 $5,372 $698,400 $286,700 $411,700
2023 $5,356 $685,800 $286,700 $399,100
2022 $3,934 $685,800 $286,700 $399,100
2021 $4,020 $636,700 $286,700 $350,000
2020 $3,737 $636,700 $286,700 $350,000
2019 $3,737 $636,700 $286,700 $350,000
2018 $3,737 $636,700 $286,700 $350,000
2017 $3,390 $636,700 $286,700 $350,000
2016 $3,399 $636,700 $286,700 $350,000
2015 $3,390 $636,700 $286,700 $350,000
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    Debra Price

    Debbie Price, Broker

    Section Image

  • R

    Buyer's Agent in 2016

    Rodney Perry

    Brindley Beach Vacations & Sales - Cor

    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 88120

Outer Banks Association of REALTORS®

APN: 114B-000-0024-0003

North Carolina Currituck County Corolla 27927

1107 Carotank Dr, Corolla, NC

Not Listed for Sale

Detached

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