NOT LISTED FOR SALE

1107 Franklyn St Corolla, NC 27927

Estimated Value: $2,418,000 - $2,848,000

6 Beds
8 Baths
4,240 Sq Ft
$616/Sq Ft Est. Value

Last Sold June 15, 2016

Last sale price $1,450,000 $342 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $15,021/month

2 Days on Market

Highlights

  • Beach Front
  • Health Club
  • Second Refrigerator
  • Ocean View
  • Spa
  • Clubhouse

About This Home

As of June 2016

Check out the views from this gorgeous oceanfront house with all the bells and whistles! Six bedrooms, each with their own bathroom. Also an elevator and 2 half baths. Beautiful Cypress wainscotting throughout the home for ease of maintenance and views galore from all but one of the bedrooms and the entire upstairs living area. Downstairs rec room with ping pong, kitchenette with refrigerator and microwave and TV sitting area. Large on-deck hot tub on mid level. Two of the master suites have built in jacuzzi tubs and large walk-in showers. Gas fireplace in living area and upstairs master bedroom. Tons of outdoor storage areas on ground level. Owner is a licensed real estate agent.

Last Agent to Sell the Property

Katherine Stormont

Brindley Beach Vacations & Sales-Duck License #130240 Listed on: 09/02/2015

Co-Listed By

Ryan Stormont

Default, Office License #279436

Last Buyer's Agent

Jason Summerton

Twiddy and Company - Wash Woods License #231486

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,919

Year Built

  • Built in 2004

Lot Details

  • 9,220 Sq Ft Lot
  • Beach Front
  • Property fronts a private road

HOA Fees

  • $269 Monthly HOA Fees

Parking

  • Tuck Under Parking

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 4,240 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Game Room
  • Utility Room
  • Dryer
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Laminate Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

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

Pool

  • Spa
  • Outdoor Pool
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District for Water and Sewer

Listing and Financial Details

  • Tax Lot #203

Community Details

Overview

  • Association fees include common electric, common insurance, management, pool, road maintenance, security, tennis courts, walkways
  • Don Cheek Association, Phone Number (252) 453-2455
  • Built by Stormont & Co.
  • Corolla Light Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Boardwalk
  • Health Club
  • Tennis Courts
  • Indoor Tennis Courts
  • Community Playground
  • Community Indoor Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,919

Year Built

Built in 2004

Lot Details

0

HOA Fees

$269 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Hwy 12 N, Right onto Austin, Right on Franklyn, Quick Left on Franklyn and it's the 4th Ocean Front House on your Right.
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Elevator, Hot Tub, Jet Tub, Outside Shower, Smoke Detector(s), Sun Deck
  • Flood Zone: VE
  • Headline: Luxury Corolla 6BR Oceanfront
  • Heated Sq Ft: 4240
  • Phase: 2C
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 888
  • Major Subdivision: Corolla Light
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator w/Ice Maker, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 6
  • Countertops: Laminate
  • Floor Coverings: Carpet, Ceramic Tile, Vinyl, Wood
  • Foundation: Piling
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Some Windows Treated, Washer Connection, Wet Bar
  • Optional Rooms: Breakfast Nook, Foyer, Game Room, Utility Room
  • Partial Bathrooms: 2

Exterior Features

  • Homebuilder: Stormont & Co.
  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Association
  • Pool Type: Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Under

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
  • Association Amenities: Clubhouse, Health Club, Indoor-Comm. Pool, Indoor-Comm. Tennis, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Sound Access, Board Walk
  • Association Fee: Yes
  • Estimated Annual Fee: 3232
  • Hoa Contact: Don Cheek
  • HOA Contact: 252.453.2455
  • Home Owner Dwelling Insurance: 6684

Lot Info

  • Estimated Lot Sq Ft: 9220
  • Lot Description: Beach Frontage
  • Lot Faces: E
  • Lot Number: Lot #203
  • Deed Book: 623

Rental Info

  • Est Annual Rental Income: 112650
  • Estimated Rental Performance: 0.0777
  • Lease Terms: Weekly
  • Maintenance Expenses: 1000
  • Poolspa Expense: 1400
  • Rental Co: Vacasa - North
  • Rental Cottage Name: Azure Dreamin'
  • Rental Cottage Number: 203
  • Rental Phone Number: 252.453.9660
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 1092
  • Annual Electric: 3800
  • Annual Telephone Expense: 414

Building Info

  • Year Built: 2004

Tax Info

  • Year: 2015
  • Taxes: 7919

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 4, 2019
Sold by
Biase Patrick J
Bought by
Biase Patrick J and Biase Roseanne
Current Estimated Value
$2,613,491

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,028,130
Outstanding Balance
$906,284
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$1,707,207

Purchase Details

Closed on
May 1, 2019
Sold by
Biase Corp
Bought by
Biase Patrick J

Purchase Details

Closed on
Mar 15, 2016
Sold by
Soundview Enterprises Llc
Bought by
Biase Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,015,000
Interest Rate
7.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 14, 2002
Bought by
Soundview Enterprises Llc
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
Biase Patrick J -- First Title & Escrow Inc
Biase Patrick J -- None Available
Biase Corp $1,450,000 Attorney
Soundview Enterprises Llc $985,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Biase Patrick J $1,028,130
Previous Owner Biase Corp $1,015,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2016 06/15/16 Sold $1,450,000 -9.1% $342 / Sq Ft
09/04/2015 09/04/15 Pending -- -- --
09/02/2015 09/02/15 For Sale $1,595,000 -- $376 / 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 $12,544 $1,677,500 $850,000 $827,500
2023 $12,499 $1,677,500 $850,000 $827,500
2022 $9,132 $1,677,500 $850,000 $827,500
2021 $9,117 $1,566,900 $950,000 $616,900
2020 $8,707 $1,566,900 $950,000 $616,900
2019 $8,707 $1,566,900 $950,000 $616,900
2018 $8,707 $1,566,900 $950,000 $616,900
2017 $7,891 $1,566,900 $950,000 $616,900
2016 $7,903 $1,566,900 $950,000 $616,900
2015 -- $1,566,900 $950,000 $616,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 89381

Outer Banks Association of REALTORS®

APN: 115B-000-0203-0000