NOT LISTED FOR SALE

1120 Morris Dr Corolla, NC 27927

Estimated Value: $1,110,000 - $1,759,000

0.2 Acre
$6,720,275 Price per Acre
8,652 Sq Ft Lot

Last Sold March 07, 2023

Last sale price $450,000

Est. 199% increase in value since last sale

Current estimated payment $7,878/month

12 Days on Market

Highlights

  • Community Beach Access
  • Health Club
  • Wooded Lot
  • Ocean View
  • Clubhouse
  • Community Indoor Pool

About This Lot

As of March 2023

OCEANSIDE COROLLA LIGHT!!!! This is the only available homesite left on the oceanside in this award winning community. This pristine lot is wooded and level and has an abundance of mature live oaks and pines. Enjoy all of the amenities that Corolla Light has to offer including just a short walk to the oceanfront pool complex, club house and beach access. During the summer months you can jump on the Trolley and enjoy all of the recreational amenities offered on the sound side including sound side pool, indoor sports center, tennis courts, walkways and bike paths. Corolla Light is the "jewel" of the northern Outer Banks. Everything you need is just a short walk or bike ride away including restaurants, shops, the historic Whalehead Club, Corolla Village and of course the famous Corolla Lighthouse! Don't let this opportunity pass you by!

Last Agent to Sell the Property

Katherine Stormont

Brindley Beach Vacations & Sales-Duck License #130240 Listed on: 01/30/2023

Last Buyer's Agent

Ronald Barrett

Brindley Beach Vacations & Sales - Cor License #94054

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,377

Lot Details

  • 8,652 Sq Ft Lot
  • Property fronts a private road
  • Lot includes common area
  • Level Lot
  • Wooded Lot
  • Property is zoned SFO

HOA Fees

  • $245 Monthly HOA Fees

Additional Features

  • Ocean Views
  • Timber
  • Municipal Utilities District for Water and Sewer

Community Details

Overview

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

Amenities

  • Common Area
  • Clubhouse

Recreation

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

Property Details

Property Type

Land

Est. Annual Taxes

$1,377

Lot Details

0

HOA Fees

$245 per month

Listing Details

  • Class: LOTS/LAND
  • Directions: Hwy 12 north to Corolla. Turn right on Austin Street (Main oceanside entrance of Corolla Light) Turn right on Franklyn Street, then take the next right on Morris Drive. Lot is on the left side of the street
  • Flood Zone: X
  • Subdivision Name: Corolla Light
  • Headline: OCEANSIDE COROLLA LIGHT!!!
  • L V T Date: 01/31/2023
  • Phase: 1
  • Roads: Private, Paved
  • Sale/Rent: For Sale
  • Waterfront Location: More than 5th row
  • Zoning: SFO
  • Timber: Scattered
  • Deed Book Pg Number: 930
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Corolla Light
  • Newpoint Media: Yes
  • Office License Number: C14121
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Street Frontage: 87
  • View: Ocean

Utilities

  • Sewer/Septic System: Municipal Sewer
  • Water: Municipal
  • Electric: Available

Condo/Co-op/Association

  • Association Amenities: Clubhouse, Health Club, Indoor Comm. Pool, Indoor Comm. Tennis, Ocean Access, Outdoor-Comm. Tennis, Outdoor-Comm. Pool, Playground, Raquetball, Sound Access, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 2940
  • Hoa Contact: Ben Stikeleather
  • HOA Contact: ben@corolla-light.com
  • Fee Includes: Common Electric, Grounds Maintenance, Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways

Lot Info

  • Estimated Lot Sq Ft: 8652
  • Lot Description: Adj. To Common Area, Level, Wooded
  • Lot Size: 87 x 100 approx.
  • Estimated Lot Size: 0.20
  • Deed Book: 1552
  • Unit/Lot Number: Lot 713

Tax Info

  • Year: 2022
  • Taxes: 1377

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2023
Closed on
Mar 6, 2023
Sold by
Jeffrey And Alice Dickey Family Trust
Bought by
Runyon Michael J and Runyon Wendi L
Seller's Agent
Katherine Stormont
Brindley Beach Vacations & Sales-Duck
Buyer's Agent
Ronald Barrett
Brindley Beach Vacations & Sales - Cor
List Price
$495,000
Sold Price
$450,000
Premium/Discount to List
-$45,000
-9.09%
Views
32
Current Estimated Value
$1,344,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$894,055
Avg. Annual Appreciation
47.41%

Purchase Details

Listed on
Jun 10, 2020
Closed on
Aug 10, 2020
Sold by
Hartnett Kevin C and Hartnett Nancy A
Bought by
Dickey Jeffrey E and Dickey Alice M
Seller's Agent
Ronald Barrett
Brindley Beach Vacations & Sales - Cor
Buyer's Agent
Katherine Stormont
Brindley Beach Vacations & Sales-Duck
List Price
$270,000
Sold Price
$270,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.08%

Purchase Details

Closed on
Oct 14, 2002
Bought by
Hartnett Kevin C and Hartnett Nancy A
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
Runyon Michael J $2,700,000 --
Dickey Jeffrey E $270,000 None Available
Hartnett Kevin C $165,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/07/2023 03/07/23 Sold $450,000 -9.1% --
02/11/2023 02/11/23 Pending -- -- --
01/30/2023 01/30/23 For Sale $495,000 +83.3% --
08/14/2020 08/14/20 Sold $270,000 0.0% -- View Prior Sale
07/03/2020 07/03/20 Pending -- -- --
06/10/2020 06/10/20 For Sale $270,000 -- --
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 $7,089 $911,600 $270,000 $641,600
2024 $7,089 $538,700 $270,000 $268,700
2023 $1,674 $270,000 $270,000 $0
2022 $1,377 $270,000 $270,000 $0
2021 $1,377 $250,000 $250,000 $0
2020 $1,325 $250,000 $250,000 $0
2019 $1,325 $250,000 $250,000 $0
2018 $0 $250,000 $250,000 $0
2017 $1,200 $250,000 $250,000 $0
2016 $1,200 $250,000 $250,000 $0
2015 $1,200 $250,000 $250,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 121292

Outer Banks Association of REALTORS®

APN: 115B-000-0713-0000