NOT LISTED FOR SALE

1114 Morris Dr Corolla, NC 27927

Estimated Value: $880,000 - $905,000

5 Beds
3.5 Baths
1,863 Sq Ft
$481/Sq Ft Est. Value

Last Sold October 09, 2020

Last sale price $530,000 $284 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $5,285/month

136 Days on Market

Highlights

  • Community Beach Access
  • Health Club
  • Clubhouse
  • Ocean View
  • Outdoor Pool
  • Cathedral Ceiling

About This Home

As of October 2020

Fresh 5-bedroom Corolla Light home with great ocean views! This property is used as a second home and the lack of wear & tear compared to a rental home shows here. The reverse floor plan highlights ocean views from the family room/dining area/kitchen and decks, and a spacious King Master en suite with a separate unique makeup/vanity area. The mid-level boasts another King Master en suite with double vanity and large jet tub, along with two additional queen bedrooms and access to the extensive covered deck, while the final queen/bunk room is on the ground level. The home is decorated with warmth and coastal charm. The cathedral ceiling and bank of north and east elevation windows capitalizes on the sky and ocean views. The east and south wrapped sun deck offers a relaxing spot to dine al fresco, catch ocean breezes or watch the sunrise over the Atlantic. A meticulously manicured yard and walking distance to the ocean only enhance “How Sweet It Is” to own a beach house. The Corolla Light amenities are an added value with swimming, basketball, restaurant, tennis and health club. Enjoyed as a private vacation getaway or as a rental, this property has a lot to offer.

Last Agent to Sell the Property

Matt Myatt

Keller Williams - Outer Banks License #218707 Listed on: 04/06/2020

Keller Williams - Outer Banks

Co-Listed By

Terry Blocher

Keller Williams - Outer Banks License #271673

Last Buyer's Agent

Denise Graham

Keller Williams - Outer Banks License #190990

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,037

Year Built

  • Built in 1986

Lot Details

  • Property fronts a private road
  • Landscaped
  • Level Lot

HOA Fees

  • $269 Monthly HOA Fees

Home Design

  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 1,863 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Window Treatments
  • Family Room
  • Dining Room
  • Ocean Views

Kitchen

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

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

  • Outdoor Pool
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot lot 710

Community Details

Overview

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

Amenities

  • Common Area
  • Clubhouse

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,037

Year Built

Built in 1986

Lot Details

0

HOA Fees

$269 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: Ocean Trail north to right onto Austin Street at Corolla Light Resort Community. Turn right onto Franklyn, left onto Morris and property will be on the right.
  • Extras: Ceiling Fan(s), Covered Decks, Jet Tub, Landscaped, Outside Lighting, Outside Shower, Sun Deck, Dry Entry
  • Flood Zone: X
  • Headline: Ocean Views!
  • Heated Sq Ft: 1863
  • L V T Date: 04/06/2020
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Zoning: res
  • Deed Book Pg Number: 775
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Corolla Light
  • Newpoint Media: Yes
  • Office License Number: C30917
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 5
  • Bedroom 1: 12x12, On Level: 2
  • Bedroom 2: 12x11.5, On Level: 1
  • Bedroom 3: 12x13, On Level: 1
  • Bedroom 4: 12x11, On Level: 1
  • Bedroom 5: 12x11.5, On Level: Ground
  • Kitchen: On Level: 2
  • Countertops: Laminate
  • Floor Coverings: Carpet, Ceramic Tile, Vinyl
  • Foundation: Piling, Slab
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Skylight, Washer Connection
  • Dining Room: On Level: 2
  • Family Room: On Level: 2
  • Partial Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street

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, Walkways
  • Association Amenities: Clubhouse, Health Club, Indoor-Comm. Pool, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Racquetball, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 3232

Lot Info

  • Lot Description: Level
  • Lot Number: lot 710
  • Deed Book: 1353

Rental Info

  • Est Annual Rental Income: 43650
  • Estimated Rental Performance: 0.0824
  • Rental Cottage Name: How Sweet It Is

Building Info

  • Year Built: 1986

Tax Info

  • Year: 2020
  • Taxes: 3037

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 16, 2022
Sold by
Moreland Richard A and Moreland Beverly B
Bought by
Moreland Family Revocable Trust
Current Estimated Value
$889,725

Purchase Details

Listed on
Apr 6, 2020
Closed on
Oct 8, 2020
Sold by
Ramstad David S and Ramstad Katherine W
Bought by
Moreland Richard A and Moreland Beverly B
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Denise Graham
Keller Williams - Outer Banks
List Price
$579,000
Sold Price
$530,000
Premium/Discount to List
-$49,000
-8.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.56%
Original Mortgage
$424,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 1, 2015
Closed on
Jan 5, 2016
Sold by
Wilgus William E and Wilgus Pamela H
Bought by
Ramstad David S and Ramstad Katherine W
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Matt Myatt
Keller Williams - Outer Banks
List Price
$549,000
Sold Price
$525,000
Premium/Discount to List
-$24,000
-4.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.20%
Original Mortgage
$325,000
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 2000
Bought by
Wilgus William E and Wilgus Pamela H
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Moreland Family Revocable Trust -- Geller Law Group Pllc
Moreland Richard A $530,000 None Available
Ramstad David S $525,000 Attorney
Wilgus William E $350,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Moreland Richard A $424,000
Previous Owner Ramstad David S $325,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/09/2020 10/09/20 Sold $530,000 -8.5% $284 / Sq Ft
08/20/2020 08/20/20 Pending -- -- --
08/11/2020 08/11/20 For Sale $579,000 0.0% $311 / Sq Ft
07/13/2020 07/13/20 Pending -- -- --
06/08/2020 06/08/20 Price Changed $579,000 -3.3% $311 / Sq Ft
04/06/2020 04/06/20 For Sale $599,000 +14.1% $322 / Sq Ft
01/29/2016 01/29/16 Sold $525,000 -4.4% $210 / Sq Ft View Prior Sale
12/01/2015 12/01/15 Pending -- -- --
12/01/2015 12/01/15 For Sale $549,000 -- $220 / 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 $4,257 $529,200 $330,000 $199,200
2024 $4,257 $529,200 $330,000 $199,200
2023 $4,241 $529,200 $330,000 $199,200
2022 $3,186 $529,200 $330,000 $199,200
2021 $3,171 $511,600 $300,000 $211,600
2020 $3,043 $511,600 $300,000 $211,600
2019 $3,038 $511,600 $300,000 $211,600
2018 $3,038 $511,600 $300,000 $211,600
2017 $2,756 $511,600 $300,000 $211,600
2016 $2,756 $511,600 $300,000 $211,600
2015 $2,756 $511,600 $300,000 $211,600
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 108947

Outer Banks Association of REALTORS®

APN: 115B-000-0710-0000