NOT LISTED FOR SALE

1123 Morris Dr Corolla, NC 27927

Estimated Value: $872,000 - $1,040,000

5 Beds
6.5 Baths
2,426 Sq Ft
$403/Sq Ft Est. Value

Last Sold May 10, 2023

Last sale price $1,034,000 $426 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $5,780/month

6 Days on Market

Highlights

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

About This Home

As of May 2023

This Corolla Light gem has it all and is one of a kind! This is the outstanding location you have been waiting for! The large, open great room with high ceilings and lots of light is delightful. Enjoy the peaceful sounds of ocean waves from a spacious prow front design that will delight both young and old in this bright, well-equipped beach house that's comfortable and centrally located close to the beach and neighborhood amenities. It's easy beach living at its best. The oceanside location in the fantastic Corolla Light community can't be beat with just a short 5 minute walk to the stunning lifeguarded beach or oceanfront community amenities including 3 oceanfront pools with poolside dining, playgrounds, basketball courts, shuffleboard, planned activities and more! Bike or take the community trolley (seasonal) to the indoor sports center featuring indoor pool, hot tub, exercise room and indoor tennis. Or, walk 5 minutes in the other direction to the beautiful soundside trails for the very best sunsets and kayaking. Also, nearby is the Currituck Heritage park housing the historic Whalehead Club and Currituck Lighthouse. Corolla Village is just beyond and features a BBQ restaurant, smoothie window, well-stocked bookshop, artist cooperative with local art to find a keepsake from your trip and so much more! Don't miss the lighthouse views as it lights up the OBX night sky. Just a short walk to the beach or oceanfront community amenities or take the community trolley (seasonal) to the indoor pool. Or, enjoy the spectacular pool and game lounge area at home with bar, TV, fridge, ping pong, and new hot tub. The recreational area on the first level is exceptional! Each of the 5 bedrooms has their own bathroom and 4 are master suites. The kitchen was updated with new appliances in 2018/2019. This is a lovely home that has been carefully maintained. The current owners had all the plumbing redone in 2022. The hot water heater was new in 2021. New hot tub in 2021. The pool heater was installed in 2020, 2 bathrooms were added, 2 additional ground level storage rooms were built, new deck furniture, New flooring throughout, new ceiling fans installed, pool cabana area was added, outdoor bathroom and shower area was added, 8 TV's were replaced with flat screen TV's, bedroom furniture was replaced in 2016, 2nd level HVAC was replaced in 2018, Tile shower in master suite in 2018. The current owner has blocked all off season/shoulder rentals and uses the home during peak season so the rental potential is much greater than current numbers. Please ask to see the rental projections!

Last Agent to Sell the Property

Edith Rowe

Brindley Beach Vacations & Sales-Duck License #188824 Listed on: 04/06/2023

Co-Listed By

Catherine Strachan

Brindley Beach Vacations & Sales-Duck License #246162

Last Buyer's Agent

Edith Rowe

Brindley Beach Vacations & Sales-Duck License #188824 Listed on: 04/06/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,343

Year Built

  • Built in 1987

Lot Details

  • Property fronts a private road
  • Cul-De-Sac
  • Fenced Yard
  • Landscaped
  • Level Lot
  • Property is zoned SFO

HOA Fees

  • $305 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 2,426 Sq Ft Home
  • Furnished
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Entrance Foyer
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Dishwasher
  • Corian Countertops

Flooring

  • Carpet
  • Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Tuck Under Parking
  • Paved Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Patio
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tax Lot 738

Community Details

Overview

  • Association fees include common electric, common insurance, grounds maintenance, management, pool, road maintenance, security, sewer/septic, tennis courts, walkways
  • Corolla Light HOA, Phone Number (252) 453-2455
  • Corolla Light Subdivision

Amenities

  • Common Area
  • Clubhouse

Recreation

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

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,343

Year Built

Built in 1987

Lot Details

0

HOA Fees

$305 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Extras: Ceiling Fan(s), Covered Decks, Fenced Yard, Hot Tub, Landscaped, Outside Lighting, Outside Shower, Patio, Smoke Detector(s), Sun Deck, Dry Entry, Inside Laundry Room
  • Flood Zone: X
  • Subdivision Name: Corolla Light
  • Headline: Outstanding Corolla Light
  • Heated Sq Ft: 2426
  • L V T Date: 04/06/2023
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Zoning: SFO
  • Advertised Income 2021: 58831
  • Advertised Income 2022: 71386
  • Deed Book Pg Number: 530
  • 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
  • Short Term Rental Restrictions: No
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Refrigerator
  • Bedrooms: 5
  • Countertops: Corian
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Tile, Luxury Vinyl Plank
  • Foundation: Piling, Slab
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Beamed Ceiling(s), Cathedral Ceiling(s), Dryer Connection, Ice Maker Connection, Ensuite, Washer Connection, Wood Fireplace
  • Optional Rooms: Foyer
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Lap Siding, Wood, Cement Fiber Board
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Fiberglass, Heated, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street, Under

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, 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, Sewer/Septic, Tennis Courts, Walkways
  • Association Amenities: Clubhouse, Gated Community, Health Club, Indoor-Comm. Pool, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Park, Playground, Racquetball, Sound Access, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 3662
  • Hoa Contact: Corolla Light HOA
  • HOA Contact: 252-453-2455

Lot Info

  • Lot Description: Cul-de-sac, Level
  • Lot Faces: S
  • Lot Number: Lot 738
  • Deed Book: 1621

Rental Info

  • Est Annual Rental Income: 120274
  • Estimated Rental Performance: 0.1163
  • Lease Terms: Weekly
  • Rental Co: Brindley Beach Vacations
  • Rental Cottage Name: Yacht Rock
  • Rental Cottage Number: 738
  • Rental Phone Number: 252-453-3000
  • Rental Turnover Day: Sunday
  • Rental Contact Email: kami@brindleybeach.com
  • Rental Contact Name: Kami Trusz
  • Rental Contact Phone: 252-453-3000

Building Info

  • Year Built: 1987

Tax Info

  • Year: 2022
  • Taxes: 3343

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2023
Closed on
May 10, 2023
Sold by
Yacht Rock Llc
Bought by
Pinciotti Mark Vincent and Pinciotti Mariel Demler
Seller's Agent
Edith Rowe
Brindley Beach Vacations & Sales-Duck
Buyer's Agent
Edith Rowe
Brindley Beach Vacations & Sales-Duck
List Price
$999,000
Sold Price
$1,034,000
Premium/Discount to List
$35,000
3.5%
Views
24
Current Estimated Value
$977,113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$56,887
Avg. Annual Appreciation
-2.06%
Original Mortgage
$878,900
Outstanding Balance
$830,080
Interest Rate
2.75%
Mortgage Type
New Conventional
Estimated Equity
$147,033

Purchase Details

Listed on
Jan 16, 2021
Closed on
Apr 27, 2021
Sold by
Ball Karen Alisa and Ball Michael
Bought by
Yacht Rock Llc
Seller's Agent
Melanie Day
Landmark Sotheby's Internation
Buyer's Agent
Edith Rowe
Brindley Beach Vacations & Sales-Duck
List Price
$699,000
Sold Price
$725,000
Premium/Discount to List
$26,000
3.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.51%
Original Mortgage
$548,250
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 16, 2021
Closed on
Feb 26, 2021
Sold by
B & J Corolla Llc
Bought by
Ball Karen Alisa and Ball Michael
Seller's Agent
Melanie Day
Landmark Sotheby's Internation
Buyer's Agent
Edith Rowe
Brindley Beach Vacations & Sales-Duck
List Price
$699,000
Sold Price
$725,000
Premium/Discount to List
$26,000
3.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,250
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 10, 2012
Closed on
Nov 30, 2012
Sold by
Newman Jeffrey P and Newman Brenna K
Bought by
B & J Corolla Llc
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Adam Burkhimer
SERHANT North Carolina LLC
List Price
$475,000
Sold Price
$438,000
Premium/Discount to List
-$37,000
-7.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.30%
Original Mortgage
$350,400
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2004
Sold by
Barris Robert J and Barris Deborah L
Bought by
Sylves Christopher B and Spuck Darci D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,250
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Pinciotti Mark Vincent $6,204,000 None Listed On Document
Yacht Rock Llc -- None Available
Ball Karen Alisa $725,000 None Available
Ball Karen Alisa $4,350,000 None Listed On Document
B & J Corolla Llc -- None Available
Newman Jeffrey P $438,000 None Available
Sylves Christopher B $839,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pinciotti Mark Vincent $878,900
Previous Owner Ball Karen Alisa $548,250
Previous Owner Newman Jeffrey P $350,400
Previous Owner Sylves Christopher B $625,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/10/2023 05/10/23 Sold $1,034,000 +3.5% $426 / Sq Ft
04/12/2023 04/12/23 Pending -- -- --
04/06/2023 04/06/23 For Sale $999,000 +37.8% $412 / Sq Ft
02/26/2021 02/26/21 Sold $725,000 +3.7% $299 / Sq Ft View Prior Sale
01/18/2021 01/18/21 Pending -- -- --
01/16/2021 01/16/21 For Sale $699,000 +59.6% $288 / Sq Ft
11/30/2012 11/30/12 Sold $438,000 -7.8% $225 / Sq Ft View Prior Sale
10/25/2012 10/25/12 Pending -- -- --
06/10/2012 06/10/12 For Sale $475,000 -- $244 / 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 $4,812 $555,700 $270,000 $285,700
2024 $4,812 $555,700 $270,000 $285,700
2023 $4,457 $555,700 $270,000 $285,700
2022 $3,343 $555,700 $270,000 $285,700
2021 $3,335 $482,500 $250,000 $232,500
2020 $2,895 $482,500 $250,000 $232,500
2019 $2,828 $471,500 $250,000 $221,500
2018 $2,828 $471,500 $250,000 $221,500
2017 $2,566 $471,500 $250,000 $221,500
2016 $2,566 $471,500 $250,000 $221,500
2015 $2,566 $471,500 $250,000 $221,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 121901

Outer Banks Association of REALTORS®

APN: 115B-000-0738-0000