NOT LISTED FOR SALE

1122 Gray Ct Corolla, NC 27927

Estimated Value: $783,000 - $940,000

5 Beds
4 Baths
2,730 Sq Ft
$315/Sq Ft Est. Value

Last Sold October 16, 2017

Last sale price $350,000 $128 Per Sq Ft

Est. 146% increase in value since last sale

Current estimated payment $5,138/month

550 Days on Market

Highlights

  • Community Beach Access
  • Spa
  • Contemporary Architecture
  • Health Club
  • Clubhouse
  • Cathedral Ceiling

About This Home

As of October 2017

"Whispering Pines" is nestled in the trees of prestigious Corolla Light. NEW FURNITURE JJUST ADDED!! Corolla Light Resort is a premier year round family resort with extensive indoor and outdoor recreation facilities and amenities. An ocean to sound community with an oceanfront pool complex and a soundside Sports Center. The Sports Center has a 25 yard heated lap pool, 2 indoor clay tennis courts, 3 fully equipped fitness rooms, men's and women's sauna baths. The ground level has a bunk room with a full bath. Mid level has 3 bedrooms, 2 full bathrooms and a den with built in bookcases. The top level has the remodeled kitchen, dining area, living room and an additional master bedroom The living room has a gas fireplace, cathedral window and built in bookcases. The kitchen and bathroom floors are tile. Two new heat pumps in 2013, Hardi plank exterior siding and tastefully furnished. Close to shops and ocean access. Home is carefully maintained and fully furnished. GORGEOUS, JUST GORGEOUS!

Last Agent to Sell the Property

Richard Neher

Brindley Beach Vacations & Sales-Duck License #114134 Listed on: 03/03/2016

Last Buyer's Agent

Denise Graham

Keller Williams - Outer Banks License #190990

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,479

Year Built

  • Built in 1995

Lot Details

  • Property fronts a private road
  • Landscaped
  • Level Lot

HOA Fees

  • $269 Monthly HOA Fees

Parking

  • Paved Parking

Home Design

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

Interior Spaces

  • 2,730 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck

Utilities

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

Listing and Financial Details

  • Tax Lot #9

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

$2,479

Year Built

Built in 1995

Lot Details

0

HOA Fees

$269 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan
  • Directions: Hwy 12 N, turn right onto Austin Street -at the Corolla Light Entrance - then right onto Villa Drive, right onto Twiford and left on Gray Court
  • Extras: Ceiling Fan(s), Hot Tub, Landscaped, Outside Shower, Smoke Detector(s), Sun Deck
  • Flood Zone: X
  • Subdivision Name: Corolla Light PUD
  • Headline: OCEANSIDE COROLLA
  • Heated Sq Ft: 2730
  • L V T Date: 03/03/2016
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: More than 5th row
  • Zoning: Res
  • Deed Book Pg Number: 0009
  • Major Subdivision: Corolla Light
  • Office License Number: C14121
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 5
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile
  • Foundation: Piling, Slab
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Ensuite, Washer Connection

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Lap Siding, Cement Fiber Board
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • 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
  • Home Owner Dwelling Insurance: 4812

Lot Info

  • Lot Description: Level
  • Lot Number: Lot #9
  • Deed Book: 0969

Rental Info

  • Est Annual Rental Income: 16288
  • Estimated Rental Performance: 0.0465
  • Lease Terms: Weekly
  • Other Expenses: 1390
  • Poolspa Expense: 1544
  • Rental Co: Brindley Beach Vacations
  • Rental Cottage Name: Whispering Pines
  • Rental Cottage Number: 9
  • Rental Phone Number: 453-3000
  • Rental Turnover Day: Sun
  • Annual Cable TV Expense: 1233
  • Annual Electric: 1972
  • Annual Telephone Expense: 931
  • Annual Water Expense: 1803

Building Info

  • Year Built: 1995

Tax Info

  • Year: 2015
  • Taxes: 2479

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2016
Closed on
Oct 9, 2017
Sold by
Hankle John J and Hankle Susan P
Bought by
Friedland Gregory P and Friedland Natasa C
Seller's Agent
Richard Neher
Brindley Beach Vacations & Sales-Duck
Buyer's Agent
Denise Graham
Keller Williams - Outer Banks
List Price
$515,000
Sold Price
$350,000
Premium/Discount to List
-$165,000
-32.04%
Current Estimated Value
$860,240

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$510,240
Avg. Annual Appreciation
11.52%
Original Mortgage
$280,000
Outstanding Balance
$149,026
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$711,214

Purchase Details

Closed on
Sep 29, 2006
Sold by
Epc Nc 52 Inc
Bought by
Hankle John J and Hankle Susan P

Purchase Details

Closed on
May 24, 2006
Sold by
Hankle John J and Hankle Susan P
Bought by
Epc Nc 52 Llc
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
Friedland Gregory P $350,000 Attorney
Hankle John J -- None Available
Epc Nc 52 Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Friedland Gregory P $280,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2017 10/16/17 Sold $350,000 -12.3% $128 / Sq Ft
09/04/2017 09/04/17 Pending -- -- --
08/25/2017 08/25/17 Price Changed $399,000 -9.3% $146 / Sq Ft
06/19/2017 06/19/17 Price Changed $440,000 -14.6% $161 / Sq Ft
03/03/2016 03/03/16 For Sale $515,000 -- $189 / 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 $4,449 $548,800 $192,500 $356,300
2024 $4,449 $548,800 $192,500 $356,300
2023 $3,964 $548,800 $192,500 $356,300
2022 $3,326 $548,800 $192,500 $356,300
2021 $3,311 $471,900 $175,000 $296,900
2020 $2,850 $471,900 $175,000 $296,900
2019 $2,823 $450,700 $175,000 $275,700
2018 $0 $450,700 $175,000 $275,700
2017 $2,480 $450,700 $175,000 $275,700
2016 $2,480 $450,700 $175,000 $275,700
2015 -- $450,700 $175,000 $275,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 91400

Outer Banks Association of REALTORS®

APN: 115B-000-0009-0000