NOT LISTED FOR SALE

1111 Franklyn St Corolla, NC 27927

Estimated Value: $2,270,000 - $2,412,000

6 Beds
6.5 Baths
4,540 Sq Ft
$520/Sq Ft Est. Value

Last Sold November 02, 2020

Last sale price $1,490,000 $328 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $13,326/month

583 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Spa
  • Community Beach Access
  • Health Club
  • Sauna

About This Home

As of November 2020

Stunning well-maintained oceanfront home in the prestigious Corolla Light Resort Community! This 6 bedroom 6.5 bath charming coastal retreat was thoughtfully designed to make the perfect investment property, second home or full-time residence. With a spacious open floor plan, this home is perfect for hosting large family gatherings in the well appointed gourmet kitchen with upscale furnishings, decor, duo appliances, and a commercial grade range. Enjoy oceanfront views from the two spacious master bedrooms on the top floor, one offering its own private sauna and walk-in closet. On the second floor you'll find two king master bedrooms in addition to the great room with wet bar, dining area, kitchen, breakfast nook, and half bath. Relax in the hot tub, or have family fun during a game of foosball or ping pong on the lower level that includes one master bedroom, a bedroom with semi-private bath, and laundry room with refrigerator. During the in-season, take the trolley to the community oceanfront pool complex, complete with a kiddie pool, playground and restaurant. Corolla Light also has an indoor sports center with a gym, Olympic sized pool, racquetball and tennis courts.

Last Agent to Sell the Property

Hunter Davis

Twiddy and Company - Corolla License #301647 Listed on: 01/30/2019

Co-Listed By

Martha Springer

Twiddy and Company - Corolla License #135162

Last Buyer's Agent

Four Seasons Realty

Four Seasons Realty License #177785

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,585

Year Built

  • Built in 1986

Lot Details

  • Beach Front
  • Property fronts a private road
  • Landscaped

HOA Fees

  • $269 Monthly HOA Fees

Parking

  • Paved Parking

Home Design

  • Coastal Architecture
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding

Interior Spaces

  • 4,540 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Gas Fireplace
  • Bay Window
  • Game Room
  • Sauna
  • Ocean Views

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

  • Storm Doors
  • Fire and Smoke Detector

Pool

  • Spa
  • Outdoor Pool
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Exterior Lighting
  • Storage Shed

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District for Water and Sewer

Listing and Financial Details

  • Tax Lot 201

Community Details

Overview

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

Amenities

  • Common Area
  • Clubhouse

Recreation

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

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,585

Year Built

Built in 1986

Lot Details

8,276 Sq Ft Lot

HOA Fees

$269 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Directions: Head north to Corolla on Rt 12. Take a right on Austin St. Make a right onto Franklyn and head east. Home will be on your right.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Common Laundry Area, Hot Tub, Landscaped, Outside Lighting, Outside Shower, Sauna, Smoke Detector(s), Storage Shed, Storm Doors, Sun Deck
  • Flood Zone: X
  • Headline: Stunning Oceanfront Home!
  • Heated Sq Ft: 4540
  • L V T Date: 01/30/2019
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 450
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Corolla Light
  • Newpoint Media: Yes
  • Office License Number: C4556
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Freezer, Microwave, Range/Oven, Refrigerator, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 6
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Foundation: Slab
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: Bay/Bow Window, Dryer Connection, Gas Connection, Gas Fireplace, Ensuite, Walk in Closet, Washer Connection
  • Optional Rooms: Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Shakes, Wood
  • Pool: Yes
  • Pool: Association
  • Pool Type: Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Paved

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Grounds Maintenance, Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
  • Association Amenities: Clubhouse, Gated Community, Health Club, Indoor-Comm. Pool, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Sound Access, Board Walk, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 3232

Lot Info

  • Lot Description: Beach Frontage, Water Frontage
  • Lot Size: Lot 201
  • Lot Number: Lot 201
  • Deed Book: 761

Rental Info

  • Lease Terms: Weekly
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Tallulah
  • Rental Cottage Number: K201
  • Rental Phone Number: 252-457-1100
  • Rental Turnover Day: Sunday
  • Rental Contact Email: jkavanaugh@twiddy.com
  • Rental Contact Name: Jen Kavanaugh
  • Rental Contact Phone: 252-457-1169

Building Info

  • Year Built: 1986

Tax Info

  • Year: 2019
  • Taxes: 7584.86

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2019
Closed on
Oct 30, 2020
Sold by
Tallulah Llc
Bought by
Mcgill Brian and Mcgill Yvonne
Seller's Agent
Hunter Davis
Twiddy and Company - Corolla
Buyer's Agent
Four Seasons Realty
Four Seasons Realty
List Price
$1,595,000
Sold Price
$1,490,000
Premium/Discount to List
-$105,000
-6.58%
Current Estimated Value
$2,358,656

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$868,656
Avg. Annual Appreciation
8.98%

Purchase Details

Closed on
Mar 31, 2004
Bought by
Tallulah Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mcgill Brian $1,490,000 None Available
Tallulah Llc -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/02/2020 11/02/20 Sold $1,490,000 -6.6% $328 / Sq Ft
09/04/2020 09/04/20 Pending -- -- --
01/30/2019 01/30/19 For Sale $1,595,000 -- $351 / Sq Ft
Source: Outer Banks Association of REALTORS®

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 $11,309 $1,546,500 $850,000 $696,500
2024 $11,196 $1,532,700 $850,000 $682,700
2023 $9,954 $1,532,700 $850,000 $682,700
2022 $8,253 $1,532,700 $850,000 $682,700
2021 $0 $1,366,300 $950,000 $416,300
2020 $7,592 $1,366,300 $950,000 $416,300
2019 $7,585 $1,366,300 $950,000 $416,300
2018 $0 $1,366,300 $950,000 $416,300
2017 $6,875 $1,366,300 $950,000 $416,300
2016 $6,882 $1,366,300 $950,000 $416,300
2015 $6,890 $1,366,300 $950,000 $416,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 103466

Outer Banks Association of REALTORS®

APN: 115B-000-0201-0000

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