NOT LISTED FOR SALE

1118 Franklyn Ct Corolla, NC 27927

Estimated Value: $1,086,000 - $1,252,000

5 Beds
4.5 Baths
2,873 Sq Ft
$396/Sq Ft Est. Value

Last Sold June 02, 2017

Last sale price $650,000 $226 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $6,669/month

6 Days on Market

Highlights

  • Community Beach Access
  • Health Club
  • Heated In Ground Pool
  • Ocean View
  • Tennis Courts
  • Second Refrigerator

About This Home

As of June 2017

It's All Good is not kidding! Excellent both inside and out. Inside you will find granite countertops and stainless steel appliances in the kitchen. Bamboo floors, quality furnishings throughout. Nice views of the Ocean and just steps from the beach. The private, heated gunnite pool has plenty of deck room for sunning. The pool area, unrivaled in Corolla Light, also has pub tables, a poolside bar with refrigerator and both charcoal and gas grills. There also is a TV at the bar! The huge South deck there is a pergola covered eight person hot tub, with pub tables and deck swings. The ground level den has an arcade game, TV and another full size refrigerator. Mid level has two Queen masters and two other bedrooms. Top level has a King master, Poker room and the aforementioned kitchen with granite counter tops and stainless appliances. Combine this with the outstanding, award winning Corolla Light Resort amenities, this home is truly "All Good".

Last Agent to Sell the Property

Eddie Kavanaugh

Keller Williams - Outer Banks License #126307 Listed on: 04/11/2017

Keller Williams - Outer Banks

Co-Listed By

Denise Graham

Keller Williams - Outer Banks License #190990

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

  • $3,197

Year Built

  • Built in 1990

Lot Details

  • Property fronts a private road
  • Cul-De-Sac

HOA Fees

  • $269 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 2,873 Sq Ft Home
  • Wet Bar
  • Furnished
  • Ceiling Fan
  • Family Room
  • Living Room
  • Dining Room
  • Game Room
  • Sun or Florida Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Built-In Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Granite Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • Tuck Under Parking
  • Paved Parking

Pool

  • Heated In Ground Pool
  • Gunite Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Tennis Courts
  • Covered Deck
  • Exterior Lighting
  • Tiki or Chickee Hut

Utilities

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

Listing and Financial Details

  • Tax Lot 224

Community Details

Overview

  • Association fees include common electric, common insurance, grounds maintenance, road maintenance, security, tennis courts, walkways
  • Don Cheek Association, Phone Number (252) 453-2455
  • Corolla Light Subdivision

Amenities

  • Common Area

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

$3,197

Year Built

Built in 1990

Lot Details

0

HOA Fees

$269 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Off Rt 12, turn right into Corolla Light. Take right on Franklyn St and then the first left. Follow around to Franklyn Ct on left. Home is in the cup-de-sac on the left.
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Hot Tub, Indoor Tennis, Outdoor Tennis, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck, Tiki Bar
  • Flood Zone: VE
  • Subdivision Name: Corolla Light PUD
  • Headline: Excellent In Unique out!
  • Heated Sq Ft: 2873
  • L V T Date: 04/11/2017
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: 3 - lots from oceanfront (4th row)
  • Zoning: Res
  • Deed Book Pg Number: 280
  • Major Subdivision: Corolla Light
  • Office License Number: C11444
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Countertop Range, Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator, Refrigerator w/Ice Maker, Washer, 2nd Refrigerator, Wine Cooler
  • Bedrooms: 5
  • Bedroom 1: On Level: 3
  • Bedroom 2: On Level: 2
  • Bedroom 3: On Level: 2
  • Bedroom 4: On Level: 2
  • Bedroom 5: On Level: 2
  • Kitchen: On Level: 3
  • Countertops: Granite
  • Floor Coverings: Carpet, Wood
  • Foundation: Piling
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: Dryer Connection, Gas Connection, Ice Maker Connection, Ensuite, Washer Connection, Wet Bar
  • Dining Room: On Level: 3
  • Family Room: On Level: 3
  • Game Room: On Level: 1
  • Living Room: On Level: 3
  • Optional Rooms: Game Room, Sun/Florida Room
  • Partial Bathrooms: 1
  • Optional Room 1: On Level: 3

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: In Ground, Gunite, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Under

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Grounds Maintenance, Road Maintenance, Security, Tennis Courts, Walkways
  • Association Amenities: Health Club, Indoor-Comm. Pool, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Racquetball, Sound Access, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 3232
  • Hoa Contact: Don Cheek
  • HOA Contact: 252-453-2455

Lot Info

  • Lot Description: Cul-de-sac
  • Lot Number: Lot 224
  • Deed Book: 811

Rental Info

  • Est Annual Rental Income: 63000
  • Estimated Rental Performance: 0.0969
  • Lease Terms: Weekly
  • Rental Co: Brindley Beach Vacations
  • Rental Cottage Name: It's All Good
  • Rental Cottage Number: 224
  • Rental Phone Number: 252-261-0045
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 1990

Tax Info

  • Year: 2016
  • Taxes: 3197

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2017
Closed on
May 30, 2017
Sold by
Tarrant Stephen A and Tarrant Catherine
Bought by
Halloran Elizabeth W
Seller's Agent
Eddie Kavanaugh
Keller Williams - Outer Banks
Buyer's Agent
Sarah Spencer
Keller Williams - Outer Banks
List Price
$670,000
Sold Price
$650,000
Premium/Discount to List
-$20,000
-2.99%
Current Estimated Value
$1,137,808

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$487,808
Avg. Annual Appreciation
6.70%
Original Mortgage
$310,000
Outstanding Balance
$255,627
Interest Rate
3.97%
Mortgage Type
New Conventional
Estimated Equity
$882,181

Purchase Details

Closed on
Oct 6, 2004
Bought by
Tarrant Stephen A and Tarrant Catherine R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Halloran Elizabeth W $650,000 Attorney
Tarrant Stephen A $950,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Halloran Elizabeth W $310,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2017 06/02/17 Sold $650,000 -3.0% $226 / Sq Ft
04/17/2017 04/17/17 Pending -- -- --
04/11/2017 04/11/17 For Sale $670,000 -- $233 / 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 $5,412 $693,900 $357,500 $336,400
2024 $5,396 $693,900 $357,500 $336,400
2023 $5,396 $693,900 $357,500 $336,400
2022 $4,027 $693,900 $357,500 $336,400
2021 $4,007 $603,900 $325,000 $278,900
2020 $3,525 $603,900 $325,000 $278,900
2019 $3,520 $603,900 $325,000 $278,900
2018 $3,520 $603,900 $325,000 $278,900
2017 $3,198 $603,900 $325,000 $278,900
2016 $3,198 $603,900 $325,000 $278,900
2015 $3,198 $603,900 $325,000 $278,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 96002

Outer Banks Association of REALTORS®

APN: 115B-000-0224-0000