NOT LISTED FOR SALE

1120 Gray Ct Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $908,367 - $1,043,000

5 Beds
4 Baths
2,710 Sq Ft
$358/Sq Ft Est. Value

Last Sold December 15, 2017

Last sale price $380,000 $140 Per Sq Ft

Est. 155% increase in value since last sale

Current estimated payment $5,972/month

114 Days on Market

Highlights

  • Community Beach Access
  • In Ground Pool
  • Cathedral Ceiling
  • Health Club
  • Clubhouse
  • <<bathWSpaHydroMassageTubToken>>

About This Home

As of December 2017

Attractive home located on a quiet Cul-de-Sac - close to all the amenities of Corolla Light, restaurants and shops. Home is meticulously maintained with well stocked kitchen and large pool (16x30) and hot tub. Fully equipped for family fun and in a great area. Perfect vacation home where you can relax and enjoy.

Last Agent to Sell the Property

Richard Neher

Brindley Beach Vacations & Sales-Duck License #114134 Listed on: 07/15/2017

Last Buyer's Agent

Richard Neher

Brindley Beach Vacations & Sales-Duck License #114134 Listed on: 07/15/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,349

Year Built

  • Built in 1996

Lot Details

  • Property fronts a private road
  • Level Lot

HOA Fees

  • $269 Monthly HOA Fees

Parking

  • Paved Parking

Home Design

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

Interior Spaces

  • 2,710 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Screened Porch
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • <<microwave>>
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • 4 Full Bathrooms
  • <<bathWSpaHydroMassageTubToken>>

Laundry

  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Outdoor Pool
  • Spa

Outdoor Features

  • Covered Deck
  • Storage Shed

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District for Water and Sewer

Listing and Financial Details

  • Tax Lot #8

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,349

Year Built

Built in 1996

Lot Details

0

HOA Fees

$269 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: Highway 12 N, right onto Austin Street (Corolla Light Entrance),then quick right onto Villa Drive, another right onto Twiford Street - this runs into Gray Court, go left on Gray Court - 4th house on right.
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Hot Tub, Jet Tub, Screened Porch, Smoke Detector(s), Storage Shed
  • Flood Zone: X
  • Subdivision Name: Corolla Light PUD
  • Heated Sq Ft: 2710
  • L V T Date: 07/15/2017
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: More than 5th row
  • Zoning: Res
  • Deed Book Pg Number: 215
  • Major Subdivision: Corolla Light
  • Office License Number: C14121
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 5
  • Countertops: Laminate
  • Floor Coverings: Carpet, Ceramic Tile
  • Foundation: Piling, Slab
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ensuite, Washer Connection

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Garage: Carport
  • Parking: Paved

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Electric, Heat Pump, Zoned
  • Sewer/Septic System: Municipal Sewer
  • 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, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Racquetball, Sound Access
  • Association Fee: Yes
  • Estimated Annual Fee: 3232

Lot Info

  • Lot Description: Level
  • Lot Number: Lot #8
  • Deed Book: 879

Rental Info

  • Est Annual Rental Income: 32409
  • Estimated Rental Performance: 0.0853
  • Lease Terms: Weekly
  • Rental Co: Brindley Beach Vacations
  • Rental Cottage Name: Stowe-Aways
  • Rental Cottage Number: 8
  • Rental Phone Number: 453-3000
  • Rental Turnover Day: Sun

Building Info

  • Year Built: 1996

Tax Info

  • Year: 2016
  • Taxes: 2349

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2017
Closed on
Dec 11, 2017
Sold by
Markham Richard Walter and Markham Rose Mary
Bought by
Mowatt Matthew R and Mowatt Katghleen E
Seller's Agent
Richard Neher
Brindley Beach Vacations & Sales-Duck
Buyer's Agent
Richard Neher
Brindley Beach Vacations & Sales-Duck
List Price
$490,000
Sold Price
$380,000
Premium/Discount to List
-$110,000
-22.45%
Current Estimated Value
$968,842

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$588,842
Avg. Annual Appreciation
13.10%
Original Mortgage
$304,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2005
Sold by
Markham Rose Mary
Bought by
Markham Richard Walter and Markham Rose Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
1.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 4, 2005
Sold by
Foley Christopher K and Kim Foley Susan S
Bought by
Markham Rose Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
1.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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
Mowatt Matthew R -- None Available
Markham Richard Walter -- None Available
Markham Rose Mary $760,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mowatt Matthew R $400,000
Closed Mowatt Matthew R $363,750
Closed Mowgtt Matthew R $30,000
Closed Mowatt Matthew R $304,000
Previous Owner Markham Rose Mary $180,000
Previous Owner Markham Richard Walter $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2017 12/15/17 Sold $380,000 -22.4% $140 / Sq Ft
11/06/2017 11/06/17 Pending -- -- --
07/15/2017 07/15/17 For Sale $490,000 -- $181 / 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
2024 $4,221 $518,400 $192,500 $325,900
2023 $4,221 $518,400 $192,500 $325,900
2022 $3,171 $518,400 $192,500 $325,900
2021 $3,148 $428,200 $175,000 $253,200
2020 $2,613 $428,200 $175,000 $253,200
2019 $2,607 $428,200 $175,000 $253,200
2018 $2,607 $423,700 $175,000 $248,700
2017 $2,349 $423,700 $175,000 $248,700
2016 $2,349 $423,700 $175,000 $248,700
2015 $2,349 $423,700 $175,000 $248,700
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    Richard Neher

    Brindley Beach Vacations & Sales-Duck

See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 97117

Outer Banks Association of REALTORS®

APN: 115B-000-0008-0000

North Carolina Currituck County Corolla 27927 Corolla

1120 Gray Ct, Corolla, NC

This home is located at 1120 Gray Ct, Corolla, NC 27927 since 15 July 2017 and is currently estimated at $968,842, approximately $357 per square foot. This property was built in 1996. 1120 Gray Ct is a home located in Currituck County with nearby schools including Knotts Island Elementary School, Currituck County Middle School, and Currituck County High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Outer Banks Association of REALTORS® 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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