Seller's Agent in 2023
Sarah Spencer
Keller Williams - Outer Banks
(252) 202-3357
111 in this area
327 Total Sales
1117 Franklyn St Corolla, NC 27927
Estimated Value: $1,682,000 - $2,105,000
6
Beds
6.5
Baths
3,886
Sq Ft
$476/Sq Ft
Est. Value
Highlights
- Community Beach Access
- Health Club
- Clubhouse
- Ocean Front
- In Ground Pool
- Coastal Architecture
About This Home
As of December 2023Oceanfront? Yes. Private Pool? Yes. Upgraded? Yes. In Corolla? Yes. Luxurious? Yes, yes, yes! All of it! Experience the ultimate beachfront lifestyle in this extraordinary 6-bedroom (5 with ensuites), 6.5-bath custom-built home in the coveted Corolla Light community. The panoramic ocean views are unparalleled and the meticulous attention to detail and craftsmanship throughout the home are evident. The roof is brand new and the exterior recently painted. The upgraded kitchen with granite countertops and gas range is perfect for cooking and entertaining Outer Banks style. Bask in the sun or relax in the gentle sea breezes on the expansive decking including sun decks and covered areas. The private heated pool with ocean views is an absolute highlight of the property, along with the covered poolside cabana featuring a bar, flat-screen TV and hot tub. With direct access to the community walkway to the beach, you can enjoy the sand and surf with ease. Take advantage of all that Corolla Light has to offer, too, including a community clubhouse with additional pools and amenities such as tennis courts, a sports center, and even an indoor pool. This home has a strong rental history and is perfect for those seeking a luxurious beachfront vacation home or investment opportunity. Don't miss out on this rare gem!
Last Agent to Sell the Property
Keller Williams - Outer Banks License #185795 Listed on: 03/01/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,578
Year Built
- Built in 1994
Lot Details
- Ocean Front
- Property fronts a private road
- Property is zoned SFO
HOA Fees
- $305 Monthly HOA Fees
Home Design
- Coastal Architecture
- Frame Construction
- Asphalt Shingled Roof
- Lap Siding
- Piling Construction
Interior Spaces
- 3,886 Sq Ft Home
- Wet Bar
- Furnished
- Cathedral Ceiling
- Ceiling Fan
- Window Treatments
- Screened Porch
- Ceramic Tile Flooring
- Ocean Views
- Fire and Smoke Detector
Kitchen
- Oven or Range
- Microwave
- Ice Maker
- Dishwasher
- Granite Countertops
- Disposal
Bedrooms and Bathrooms
- 6 Bedrooms
- En-Suite Primary Bedroom
- Whirlpool Bathtub
Laundry
- Dryer
- Washer
Parking
- Tuck Under Parking
- Off-Street Parking
Pool
- In Ground Pool
- Outdoor Pool
- Spa
- Outdoor Shower
Outdoor Features
- Sun Deck
- Exterior Lighting
Utilities
- Heat Pump System
- Fuel Tank
- Municipal Utilities District for Water and Sewer
Listing and Financial Details
- Tax Lot 230
Community Details
Overview
- Association fees include building maintenance, common electric, common insurance, grounds maintenance, management, pool, tennis courts
- Erin@Corolla Light.Com Association, Phone Number (252) 453-2455
- Corolla Light Subdivision
Amenities
- Common Area
- Clubhouse
Recreation
- Community Beach Access
- Health Club
- Community Playground
- Community Indoor Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 1, 2023
Closed on
Dec 8, 2023
Sold by
Larry Allen Wade Revocable Trust
Bought by
Curtis Legeyt Revocable Trust and Legeyt
Seller's Agent
Sarah Spencer
Keller Williams - Outer Banks
Buyer's Agent
Heather Sakers
Coldwell Banker Seaside Realty KH
List Price
$2,599,000
Sold Price
$2,010,000
Premium/Discount to List
-$589,000
-22.66%
Views
280
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$161,517
Avg. Annual Appreciation
-4.50%
Original Mortgage
$1,407,000
Outstanding Balance
$1,381,938
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$466,545
Purchase Details
Listed on
Jan 21, 2021
Closed on
May 7, 2021
Sold by
Newman Jeffrey P and Newman Brenna K
Bought by
Larry Allen Wade Revocable Trust
Seller's Agent
Melanie Day
Landmark Sotheby's International Realty
Buyer's Agent
Sarah Spencer
Keller Williams - Outer Banks
List Price
$1,999,999
Sold Price
$1,790,000
Premium/Discount to List
-$209,999
-10.5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.60%
Original Mortgage
$750,000
Interest Rate
3.1%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 2, 2021
Sold by
A & N Corolla Llc
Bought by
Newman Jeffrey P and Newman Brenna K
Purchase Details
Closed on
May 21, 2019
Sold by
Newman Jeffrey P and Newman Brenna K
Bought by
A & N Corolla Llc
Purchase Details
Listed on
Apr 9, 2018
Closed on
Nov 8, 2018
Sold by
Marrapese Terrie J and Marrapese Frank W
Bought by
Newman Jeffrey P and Newman Brenna K
Seller's Agent
Martha Springer
Twiddy and Company - Corolla
Buyer's Agent
Shane Collins
SERHANT North Carolina LLC
List Price
$1,150,000
Sold Price
$1,090,000
Premium/Discount to List
-$60,000
-5.22%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.94%
Original Mortgage
$817,500
Interest Rate
4.7%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Curtis Legeyt Revocable Trust | $2,010,000 | None Listed On Document | |
| Larry Allen Wade Revocable Trust | $1,790,000 | None Available | |
| Newman Jeffrey P | -- | None Available | |
| A & N Corolla Llc | -- | None Available | |
| Newman Jeffrey P | $1,090,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Curtis Legeyt Revocable Trust | $1,407,000 | |
| Previous Owner | Larry Allen Wade Revocable Trust | $750,000 | |
| Previous Owner | Newman Jeffrey P | $817,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/08/2023 12/08/23 | Sold | $2,010,000 | 0.0% | $517 / Sq Ft | |
| 10/11/2023 10/11/23 | Off Market | $2,010,000 | -- | -- | |
| 09/09/2023 09/09/23 | Price Changed | $2,299,000 | -5.2% | $592 / Sq Ft | |
| 06/07/2023 06/07/23 | Price Changed | $2,425,000 | -3.0% | $624 / Sq Ft | |
| 03/29/2023 03/29/23 | Price Changed | $2,499,900 | -3.8% | $643 / Sq Ft | |
| 03/01/2023 03/01/23 | For Sale | $2,599,000 | +45.2% | $669 / Sq Ft | |
| 05/10/2021 05/10/21 | Sold | $1,790,000 | -5.8% | $412 / Sq Ft | View Prior Sale |
| 03/24/2021 03/24/21 | Pending | -- | -- | -- | |
| 03/11/2021 03/11/21 | Price Changed | $1,899,999 | -5.0% | $437 / Sq Ft | |
| 01/21/2021 01/21/21 | For Sale | $1,999,999 | +83.5% | $460 / Sq Ft | |
| 11/09/2018 11/09/18 | Sold | $1,090,000 | -5.2% | $321 / Sq Ft | View Prior Sale |
| 08/28/2018 08/28/18 | Pending | -- | -- | -- | |
| 04/09/2018 04/09/18 | For Sale | $1,150,000 | -- | $338 / Sq Ft |
Source: Outer Banks Association of REALTORS®
Tax History Compared to Growth
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 | $8,909 | $1,187,500 | $850,000 | $337,500 |
| 2023 | $8,909 | $1,187,500 | $850,000 | $337,500 |
| 2022 | $6,578 | $1,187,500 | $850,000 | $337,500 |
| 2021 | $6,563 | $1,303,000 | $950,000 | $353,000 |
| 2020 | $7,329 | $1,303,000 | $950,000 | $353,000 |
| 2019 | $7,193 | $1,303,000 | $950,000 | $353,000 |
| 2018 | $7,193 | $1,303,000 | $950,000 | $353,000 |
| 2017 | $6,520 | $1,303,000 | $950,000 | $353,000 |
| 2016 | $6,521 | $1,303,000 | $950,000 | $353,000 |
| 2015 | $6,521 | $1,303,000 | $950,000 | $353,000 |
Source: Public Records
Agents Affiliated with this Home
-
Sarah Spencer
-
Becky Reed
Seller Co-Listing Agent in 2023
Becky Reed
Keller Williams - Outer Banks
(828) 200-4291
10 in this area
62 Total Sales
-
Heather Sakers
Buyer's Agent in 2023
Heather Sakers
Coldwell Banker Seaside Realty KH
(252) 599-6814
24 in this area
204 Total Sales
-
Melanie Day
Seller's Agent in 2021
Melanie Day
Landmark Sotheby's International Realty
(252) 207-6138
77 in this area
223 Total Sales
-
Martha Springer
Seller's Agent in 2018
Martha Springer
Twiddy and Company - Corolla
(252) 982-6045
97 in this area
132 Total Sales
-
Shane Collins
Buyer's Agent in 2018
Shane Collins
SERHANT North Carolina LLC
(252) 202-1193
13 in this area
218 Total Sales
Map
Source: Outer Banks Association of REALTORS®
MLS Number: 121560
APN: 115B-000-0230-0000
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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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