NOT LISTED FOR SALE

1115 Morris Dr Corolla, NC 27927

Estimated Value: $960,000 - $1,222,000

5 Beds
4.5 Baths
2,800 Sq Ft
$392/Sq Ft Est. Value

Last Sold December 08, 2017

Last sale price $465,000 $166 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $6,445/month

5 Days on Market

Highlights

  • Ocean View
  • Health Club
  • Clubhouse
  • Beach Access
  • Spa
  • Cathedral Ceiling

About This Home

As of December 2017

This 4th row Corolla Light home offers breathtaking ocean views and is a quick easy walk to either the beach or Corolla Light oceanfront complex. Enjoy multi-level exterior decking all while gazing at the Atlantic Ocean or relaxing in the hot tub. With 5 bedrooms, 4.5 bathrooms, a large game room and open floor plan this home has everything you are looking for. Corolla Lights amenities are unmatched and include oceanfront and soundfront pools, oceanfront restaurant, indoor complex that includes tennis, racquetball, indoor pool, fitness center, gameroom and more. The original owners of this home have loved it, and so will you!

Last Agent to Sell the Property

Matt Myatt

Keller Williams - Outer Banks License #218707 Listed on: 09/27/2017

Keller Williams - Outer Banks

Last Buyer's Agent

Sarah Spencer

Keller Williams - Outer Banks License #185795

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,099

Year Built

  • Built in 1985

Lot Details

  • Property fronts a private road
  • Level Lot

HOA Fees

  • $269 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 2,800 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Window Treatments
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

  • Spa
  • Outdoor Pool
  • Outdoor Shower

Outdoor Features

  • Beach Access
  • 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 #3742

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,099

Year Built

Built in 1985

Lot Details

0

HOA Fees

$269 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: NC-12 north to Austin Street, turn right, at Franklyn Street turn right, turn left onto Morris Drive. Property is the second one on the left.
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Hot Tub, Jet Tub, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck
  • Flood Zone: VE
  • Headline: Ocean Views in Corolla Light
  • Heated Sq Ft: 2800
  • L V T Date: 09/27/2017
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: 3 - lots from oceanfront (4th row)
  • Zoning: res
  • Deed Book Pg Number: 449
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Corolla Light
  • Newpoint Media: Yes
  • Office License Number: C26996
  • 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
  • Countertops: Laminate
  • Floor Coverings: Carpet, Tile, Hardwood
  • Foundation: Piling, Slab
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Ensuite, Skylight, Washer Connection
  • Optional Rooms: Game Room, Pantry
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Lap Siding, Wood
  • 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, Grounds Maintenance, 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, Racquetball, Sound Access, Board Walk
  • Association Fee: Yes
  • Estimated Annual Fee: 3232

Lot Info

  • Lot Description: Level
  • Lot Number: lot #3742
  • Deed Book: 278

Rental Info

  • Est Annual Rental Income: 45000
  • Estimated Rental Performance: 0.0968
  • Lease Terms: Weekly
  • Rental Co: Village Realty
  • Rental Cottage Name: WanderLodge
  • Rental Cottage Number: CL742
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 1985

Tax Info

  • Year: 2017
  • Taxes: 3099

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 26, 2024
Sold by
Alexander Thomas C and Alexander Lori B
Bought by
1115 Morris Llc
Current Estimated Value
$1,098,573

Purchase Details

Listed on
Sep 27, 2017
Closed on
Dec 11, 2017
Sold by
Miller Thelma J
Bought by
Alexander Thomas C and Alexander Lori B
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Sarah Spencer
Keller Williams - Outer Banks
List Price
$474,900
Sold Price
$465,000
Premium/Discount to List
-$9,900
-2.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.23%
Original Mortgage
$372,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 31, 1899
Bought by
Miller Thelma J
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
1115 Morris Llc -- None Listed On Document
Alexander Thomas C $465,000 None Available
Miller Thelma J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alexander Thomas C $372,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2017 12/08/17 Sold $465,000 -2.1% $166 / Sq Ft
10/02/2017 10/02/17 Pending -- -- --
09/27/2017 09/27/17 For Sale $474,900 -- $170 / 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 $5,240 $658,200 $357,500 $300,700
2024 $5,240 $658,200 $357,500 $300,700
2023 $5,224 $658,200 $357,500 $300,700
2022 $3,902 $658,200 $357,500 $300,700
2021 $3,887 $578,100 $325,000 $253,100
2020 $3,447 $578,100 $325,000 $253,100
2019 $3,437 $578,100 $325,000 $253,100
2018 $3,437 $574,200 $325,000 $249,200
2017 $3,100 $574,200 $325,000 $249,200
2016 $3,100 $574,200 $325,000 $249,200
2015 $3,102 $574,200 $325,000 $249,200
Source: Public Records

Agents Affiliated with this Home

  • Matt Myatt

    Seller's Agent in 2017

    Matt Myatt

    Keller Williams - Outer Banks

    (252) 207-6588

    159 in this area

    362 Total Sales

    Matt Myatt
    Section Image
  • Sarah Spencer

    Buyer's Agent in 2017

    Sarah Spencer

    Keller Williams - Outer Banks

    (252) 202-3357

    95 in this area

    298 Total Sales

    Sarah Spencer
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 97925

Outer Banks Association of REALTORS®

APN: 115B-000-0742-0000

North Carolina Currituck County Corolla 27927

1115 Morris Dr, Corolla, NC

Not Listed for Sale

Detached

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