NOT LISTED FOR SALE

1124 Gray Ct Corolla, NC 27927

Estimated Value: $953,000 - $1,005,250

6 Beds
4.5 Baths
3,000 Sq Ft
$328/Sq Ft Est. Value

Last Sold October 12, 2022

Last sale price $940,000 $313 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,802/month

16 Days on Market

Highlights

  • Community Beach Access
  • Home Theater
  • Second Refrigerator
  • Health Club
  • Outdoor Pool
  • Clubhouse

About This Home

As of October 2022

Recently updated and tastefully appointed oceanside retreat situated on a highly elevated parcel in the heart of the Corolla Light Resort Community. Boasting 6 bedrooms, 4.5 baths, a private pool, hot tub, sun & covered decks, and three separate levels of living space, this home is the perfect size & layout to accommodate an incredible vacation getaway for friends, families, and renters alike! On the top floor, an open concept living room w/ high ceilings & surrounding windows bringing in tons of natural light, a gas fireplace, access to a back deck, and separate seating area to relax with a good book. A spacious kitchen w/ direct deck access for outdoor dining, beautiful blue custom tiled floors w/ bead board cabinetry, updated appliances, a wine fridge, island & dining seating, serves as the perfect setting for large groups of family and friends to congregate. On the top floor you will also find a spacious master en suite w/ an updated bathroom featuring granite countertops, dual vanities, and a dual headed walk-in shower. The second floor offers a grand foyer entry with a writers desk, a second level living room with TV, seating, a half bathroom, and built in shelving, four recently updated bedrooms, two full baths, and shaded porches surrounding. On the ground level, a large gameroom with an updated wet bar featuring granite countertops, island & high top seating, a full-size refrigerator, pool table & foosball, a queen bedroom, and full semi-private bath. Enjoy a splash in this homes private pool or soak in the hot tub, followed by a rinse in the outdoor shower. The beautifully landscaped pool area features a variety of seating options, including a table and chairs that is perfect for lunch, as well as a grassy area around the pool offering outdoor games & hammock lounging. In addition to the amenities at the vacation home, Corolla Light offers a plethora of community amenities and activities from in-season Trolley service, an oceanfront pool complex, soundfront pool, and a year-round fitness center with indoor pool.

Last Agent to Sell the Property

Hunter Davis

Twiddy and Company - Corolla License #301647 Listed on: 08/13/2022

Co-Listed By

Martha Springer

Twiddy and Company - Corolla License #135162

Last Buyer's Agent

Kaleigh DiPietro

Twiddy and Co. - Duck License #311308

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,400

Year Built

  • Built in 1994

Lot Details

  • Property fronts a private road
  • Cul-De-Sac
  • Fenced Yard
  • Landscaped

HOA Fees

  • $277 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 3,000 Sq Ft Home
  • Furnished
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Fireplace
  • Entrance Foyer
  • Home Theater
  • Game Room
  • Dryer

Kitchen

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

Flooring

  • Carpet
  • Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 6 Bedrooms

Parking

  • Paved Parking
  • Off-Street Parking

Pool

  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Covered Deck
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water

Listing and Financial Details

  • Tax Lot #10

Community Details

Overview

  • Ben Stikeleather Association
  • Corolla Light Subdivision

Amenities

  • Common Area
  • 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

$3,400

Year Built

Built in 1994

Lot Details

0

HOA Fees

$277 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Extras: Ceiling Fan(s), Common Laundry Area, Covered Decks, Fenced Yard, Hot Tub, Landscaped, Outside Lighting, Outside Shower, Dry Entry
  • Flood Zone: X
  • Headline: Updated Oceanside Home w/ Pool
  • Heated Sq Ft: 3000
  • L V T Date: 08/13/2022
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Zoning: Res
  • Deed Book Pg Number: 756
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Corolla Light
  • Newpoint Media: Yes
  • Office License Number: C4556
  • Outer Banks Software: Yes
  • 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, 2nd Refrigerator, Wine Cooler
  • Bedrooms: 6
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Luxury Vinyl Plank
  • Foundation: Piling
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Dryer Connection, Gas Connection, Gas Fireplace, Washer Connection
  • Optional Rooms: Foyer, Game Room, Media Room
  • Partial Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Parking: Paved, Off Street

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Heat Pump
  • Water: Municipal

Condo/Co-op/Association

  • Association Amenities: Clubhouse, 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: 3329
  • Hoa Contact: Ben Stikeleather
  • HOA Contact: ben@corolla-light.com

Lot Info

  • Lot Description: Cul-de-sac
  • Lot Number: Lot #10
  • Deed Book: 1407

Rental Info

  • Est Annual Rental Income: 97665
  • Estimated Rental Performance: 0.1039
  • Lease Terms: Weekly
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Shore Crew
  • Rental Cottage Number: K010
  • Rental Phone Number: 252-457-1100
  • Rental Turnover Day: Sunday
  • Rental Contact Email: arobertson@twiddy.com
  • Rental Contact Name: Alison Robertson
  • Rental Contact Phone: 252-457-1100

Building Info

  • Year Built: 1994

Tax Info

  • Year: 2022
  • Taxes: 3400.47

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2022
Closed on
Oct 11, 2022
Sold by
Scheuer Ann Marie and Scheuer Kenneth D
Bought by
Davis Glen L
Seller's Agent
Hunter Davis
Twiddy and Company - Corolla
Buyer's Agent
Kaleigh DiPietro
Twiddy and Co. - Duck
List Price
$935,000
Sold Price
$940,000
Premium/Discount to List
$5,000
0.53%
Current Estimated Value
$984,313

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,313
Avg. Annual Appreciation
1.43%
Original Mortgage
$846,000
Outstanding Balance
$816,133
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$168,180

Purchase Details

Listed on
Jul 14, 2016
Closed on
May 25, 2017
Sold by
James M Kenna
Bought by
Scheuer Ann and Scheuer Kenneth
Seller's Agent
Tammy Russell
Keller Williams - Outer Banks
Buyer's Agent
Hugh Willey
Sun Realty - KDH
List Price
$499,900
Sold Price
$475,000
Premium/Discount to List
-$24,900
-4.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.50%
Original Mortgage
$380,000
Interest Rate
3.95%

Purchase Details

Closed on
Dec 7, 2010
Sold by
Tennent William W and Tennent Ann P
Bought by
Kenna James M and Kenna Kristen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$458,850
Interest Rate
4.31%
Mortgage Type
New Conventional
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
Davis Glen L $4,700,000 --
Davis Glen L $4,700,000 None Listed On Document
Scheuer Ann -- --
Kenna James M $575,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davis Glen L $846,000
Closed Davis Glen L $846,000
Previous Owner Scheuer Ann $380,000
Previous Owner Scheuer Ann --
Previous Owner Kenna James M $458,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/12/2022 10/12/22 Sold $940,000 +0.5% $313 / Sq Ft
08/29/2022 08/29/22 Pending -- -- --
08/25/2022 08/25/22 For Sale $935,000 0.0% $312 / Sq Ft
08/24/2022 08/24/22 Pending -- -- --
08/13/2022 08/13/22 For Sale $935,000 +96.8% $312 / Sq Ft
05/25/2017 05/25/17 Sold $475,000 -5.0% $158 / Sq Ft View Prior Sale
04/10/2017 04/10/17 Pending -- -- --
07/14/2016 07/14/16 For Sale $499,900 -- $167 / 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 $4,539 $561,000 $192,500 $368,500
2024 $4,539 $561,000 $192,500 $368,500
2023 $4,523 $561,000 $192,500 $368,500
2022 $3,400 $561,000 $192,500 $368,500
2021 $3,376 $486,000 $175,000 $311,000
2020 $2,936 $486,000 $175,000 $311,000
2019 $2,928 $486,000 $175,000 $311,000
2018 $2,928 $486,000 $175,000 $311,000
2017 $2,665 $486,000 $175,000 $311,000
2016 $2,665 $486,000 $175,000 $311,000
2015 $2,665 $486,000 $175,000 $311,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 120058

Outer Banks Association of REALTORS®

APN: 115B-000-0010-0000