NOT LISTED FOR SALE

1111 Morris Dr Corolla, NC 27927

Estimated Value: $1,434,864 - $2,364,000

5 Beds
5.5 Baths
3,714 Sq Ft
$457/Sq Ft Est. Value

Last Sold October 24, 2013

Last sale price $850,000 $229 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $9,644/month

259 Days on Market

Highlights

  • Community Beach Access
  • Health Club
  • Gated Community
  • Ocean Front
  • Spa
  • Second Refrigerator

About This Home

As of October 2013

Corolla Light at its best - compare with oceanfront -only a few steps to the beach - ocean views - convenience - spaciousness - quality construction. Excellent home in a perfect location!! Conversation and fellowship flow easily from the well equipped kitchen to the dining area and great room and up to the shipswatch. Enjoy the ample decks, hot tub, and private bath for every bedroom. Easy walk to Corolla Light oceanfront amenities.

Last Agent to Sell the Property

Rodney Perry

Brindley Beach Vacations & Sales - Cor License #218159 Listed on: 12/20/2012

Last Buyer's Agent

John Booth

Brindley Beach Vacations & Sales - Cor License #188803

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,145

Year Built

  • Built in 1997

Lot Details

  • 10,000 Sq Ft Lot
  • Lot Dimensions are 100x100
  • Ocean Front
  • Property fronts a private road
  • Landscaped
  • Corner Lot
  • Level Lot
  • Sprinkler System

HOA Fees

  • $264 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Lap Siding
  • Piling Construction

Interior Spaces

  • 3,714 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Gas Fireplace
  • Entrance Foyer
  • Ocean Views

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Home Security

  • Intercom
  • Storm Doors
  • Fire and Smoke Detector

Parking

  • Garage
  • Carport
  • Tuck Under Parking

Pool

  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Exterior Lighting

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Heating System Uses Propane
  • Municipal Utilities District Water
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot #744

Community Details

Overview

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

Recreation

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

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,145

Year Built

Built in 1997

Lot Details

0

HOA Fees

$264 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Directions: Hwy 12 N, rt on Austin, rt on Franklyn, left on Morris, abt 4th house on left.
  • Extras: Beach Access, Boardwalk to Beach, Hot Tub, Intercom, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Smoke Detector(s), Storm Doors, Sun Deck
  • Flood Zone: VE
  • Subdivision Name: Corolla Light PUD
  • Headline: MUST SEE SEMI-OCEANFRONT
  • Heated Sq Ft: 3714
  • Phase: 1
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: Res
  • Deed Book Pg Number: 650
  • 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, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 5
  • Countertops: Laminate
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Washer Connection, Wet Bar
  • Optional Rooms: Foyer, Shipswatch
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: Stormont
  • Construction: Frame, Wood
  • Exterior: Lap Siding, Wood
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: 2 Car, Carport
  • Parking: Paved, Under

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Heat Pump, Propane, Zoned
  • Sewer/Septic System: Community Septic
  • 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, Sound Access, Board Walk
  • Association Fee: Yes
  • Estimated Annual Fee: 3169

Lot Info

  • Estimated Lot Sq Ft: 10000
  • Lot Description: Corner, Level
  • Lot Size: 100x100
  • Lot Number: Lot #744
  • Deed Book: 423

Rental Info

  • Est Annual Rental Income: 72323
  • Estimated Rental Performance: 0.0851
  • Lease Terms: Weekly
  • Rental Co: Vacasa - North
  • Rental Cottage Name: Halcyon Days
  • Rental Cottage Number: 744
  • Rental Phone Number: 453.9660
  • Rental Turnover Day: Sat

Building Info

  • Year Built: 1997

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2013
  • Taxes: 4145.49

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2019
Sold by
Kjm Ventures Llc
Bought by
Mininger Jay C and Mininger Kelly W
Current Estimated Value
$1,682,985

Purchase Details

Closed on
Feb 25, 2014
Sold by
Mininger Jay C and Mininger Kelly W
Bought by
Kjm Ventures Llc

Purchase Details

Listed on
Dec 20, 2012
Closed on
Oct 25, 2013
Sold by
Lighthouse Enterprises Llc
Bought by
Mininger Jay C and Mininger Kelly W
Seller's Agent
Rodney Perry
Brindley Beach Vacations & Sales - Cor
Buyer's Agent
John Booth
Brindley Beach Vacations & Sales - Cor
List Price
$1,250,000
Sold Price
$850,000
Premium/Discount to List
-$400,000
-32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.86%
Original Mortgage
$417,000
Interest Rate
4.57%
Mortgage Type
New Conventional
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
Mininger Jay C -- None Available
Kjm Ventures Llc -- None Available
Mininger Jay C $850,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mininger Jay C $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/24/2013 10/24/13 Sold $850,000 -32.0% $229 / Sq Ft
09/05/2013 09/05/13 Pending -- -- --
12/20/2012 12/20/12 For Sale $1,250,000 -- $337 / 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 $6,748 $873,400 $440,000 $433,400
2024 $6,748 $873,400 $440,000 $433,400
2023 $6,000 $873,400 $440,000 $433,400
2022 $5,001 $873,400 $440,000 $433,400
2021 $4,986 $848,400 $400,000 $448,400
2020 $4,885 $848,400 $400,000 $448,400
2019 $4,885 $848,400 $400,000 $448,400
2018 $4,885 $848,400 $400,000 $448,400
2017 $4,441 $848,400 $400,000 $448,400
2016 $4,430 $848,400 $400,000 $448,400
2015 $4,441 $848,400 $400,000 $448,400
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2013

    Rodney Perry

    Brindley Beach Vacations & Sales - Cor

    Section Image

  • J

    Buyer's Agent in 2013

    John Booth

    Brindley Beach Vacations & Sales - Cor

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 77224

Outer Banks Association of REALTORS®

APN: 115B-000-0744-0000

North Carolina Currituck County Corolla 27927

1111 Morris Dr, Corolla, NC

Not Listed for Sale

Detached

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