NOT LISTED FOR SALE

1126 Gray Ct Corolla, NC 27927

Estimated Value: $818,000 - $984,000

5 Beds
3.5 Baths
2,850 Sq Ft
$323/Sq Ft Est. Value

Last Sold April 05, 2021

Last sale price $675,000 $237 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $5,326/month

2 Days on Market

Highlights

  • Community Beach Access
  • Health Club
  • Clubhouse
  • Ocean View
  • Gated Community
  • Coastal Architecture

About This Home

As of April 2021

Impeccable, extraordinary architecture, and extremely well kept! Stunning second home located in resort community, Corolla Light. Filled with updates inside and out. This home will surely not disappoint. Tall cathedral ceilings with ample windows letting in the natural light and open floorplan. Recently, the home received a brand new roof (2020), remodeled bathrooms upstairs, new wood flooring, carpet, HVAC, water heater, remodeled kitchen with new granite and stainless steel appliances, new furniture, décor, electronics, and remodeled fireplace. The home has 5 bedrooms, 3 1/2 baths and features a shipswatch seating area off kitchen, screened in porch, two car garage, and a large storage area. Positioned perfectly between the beach and sound. A short walk to both ocean and the historic Whalehead Club area. Very easy to enjoy both sunrises and sunsets. The community, Corolla Light has some of the best amenities on the OBX including indoor/outdoor tennis, indoor and outdoor pools by the oceanfront and soundfront, fitness center, racquetball, fitness center, basketball courts, and trolley system. Want to be close to restaurants and shops? A two minute walk puts you at some of the best spots in Corolla. This home is absolutely beautiful inside and out. Schedule your showing or tour today!

Last Agent to Sell the Property

Steven Gross

Twiddy and Company - Corolla License #288399 Listed on: 02/21/2021

Last Buyer's Agent

Four Seasons Realty

Four Seasons Realty License #177785

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,943

Year Built

  • Built in 1992

Lot Details

  • Cul-De-Sac

HOA Fees

  • $277 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction

Interior Spaces

  • 2,850 Sq Ft Home
  • Central Vacuum
  • Furnished
  • Cathedral Ceiling
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Utility Room
  • Laundry Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • Hydromassage or Jetted Bathtub

Parking

  • Garage
  • Carport
  • Garage Door Opener

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

  • Heat Pump System
  • Municipal Utilities District for Water and Sewer

Listing and Financial Details

  • Tax Lot 11

Community Details

Overview

  • Association fees include common electric, common insurance, pool, security, tennis courts, walkways
  • Don Cheek Association, Phone Number (252) 453-3550
  • Corolla Light Subdivision

Recreation

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

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,943

Year Built

Built in 1992

Lot Details

8,625 Sq Ft Lot

HOA Fees

$277 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Turn into Corolla Light, take first right, take next immediate right onto Gray, follow street to the left.
  • Extras: Central Vacuum, Common Laundry Area, Covered Decks, Garage Door Opener, Jet Tub, Outside Lighting, Smoke Detector(s), Sun Deck, Inside Laundry Room
  • Flood Zone: X
  • Headline: Stunning Corolla Light Home
  • Heated Sq Ft: 2850
  • L V T Date: 02/21/2021
  • Sale/Rent: For Sale
  • Zoning: res
  • Deed Book Pg Number: 316
  • 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, Microwave, Range/Oven, Refrigerator
  • Bedrooms: 5
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Wood
  • Foundation: Piling
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Gas Connection, Gas Fireplace, Ensuite, Some Windows Treated
  • Optional Rooms: Foyer, Utility Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: 2 Car, Attached

Utilities

  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Sewer/Septic System: Municipal Sewer
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Pool, Security, Tennis Courts, Walkways
  • Association Amenities: Clubhouse, Gated Community, 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: 3329
  • Hoa Contact: Don Cheek
  • HOA Contact: 252-453-3550

Lot Info

  • Lot Description: Cul-de-sac
  • Lot Number: Lot 11
  • Deed Book: 1519

Building Info

  • Year Built: 1992

Tax Info

  • Year: 2020
  • Taxes: 2943.32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2021
Closed on
Apr 5, 2021
Sold by
Schmidt Jeffrey Mark and Schmidt Sharon Marie
Bought by
Nicholson Sean and Nicholson Claire
Seller's Agent
Steven Gross
Twiddy and Company - Corolla
Buyer's Agent
Four Seasons Realty
Four Seasons Realty
List Price
$650,000
Sold Price
$675,000
Premium/Discount to List
$25,000
3.85%
Current Estimated Value
$920,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$245,161
Avg. Annual Appreciation
6.57%

Purchase Details

Listed on
Jun 25, 2019
Closed on
Jan 31, 2020
Sold by
Starry Dale W and Starry Patricia L
Bought by
Schmidt Jeffrey Mark and Schmidt Sharon Marie
Seller's Agent
Steven Gross
Twiddy and Company - Corolla
Buyer's Agent
Veda Peters
EXP Realty, LLC - Coastal
List Price
$499,000
Sold Price
$477,750
Premium/Discount to List
-$21,250
-4.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.03%
Original Mortgage
$382,200
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 8, 2016
Closed on
Mar 8, 2017
Sold by
Wildermuth Rodney A and Mumford Cynthia K
Bought by
Starry Dale W and Starry Patricia L
Seller's Agent
Paul Sabadash
Sun Realty - Corolla
Buyer's Agent
Steven Gross
Twiddy and Company - Corolla
List Price
$475,000
Sold Price
$410,000
Premium/Discount to List
-$65,000
-13.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.45%
Original Mortgage
$328,000
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 2011
Sold by
Thomas Kendra L
Bought by
Wildermuth Rodney A and Mumford Cynthia K

Purchase Details

Closed on
Dec 4, 2008
Sold by
Thomas James E and Thomas Kendra L
Bought by
Thomas Kendra L
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
Nicholson Sean $675,000 None Available
Schmidt Jeffrey Mark $478,000 None Available
Starry Dale W $410,000 Attorney
Wildermuth Rodney A $500,000 None Available
Thomas Kendra L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schmidt Jeffrey Mark $382,200
Previous Owner Starry Dale W $328,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/05/2021 04/05/21 Sold $675,000 +3.8% $237 / Sq Ft
02/23/2021 02/23/21 Pending -- -- --
02/21/2021 02/21/21 For Sale $650,000 +36.1% $228 / Sq Ft
01/31/2020 01/31/20 Sold $477,750 -4.3% $168 / Sq Ft View Prior Sale
12/09/2019 12/09/19 Pending -- -- --
11/02/2019 11/02/19 For Sale $499,000 0.0% $175 / Sq Ft
10/16/2019 10/16/19 Pending -- -- --
10/09/2019 10/09/19 Price Changed $499,000 -3.1% $175 / Sq Ft
06/25/2019 06/25/19 For Sale $515,000 +25.6% $181 / Sq Ft
03/17/2017 03/17/17 Sold $410,000 -13.7% $144 / Sq Ft View Prior Sale
02/16/2017 02/16/17 Pending -- -- --
11/08/2016 11/08/16 For Sale $475,000 -- $167 / Sq Ft
Source: Outer Banks Association of REALTORS®

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 $3,877 $484,800 $192,500 $292,300
2024 $3,861 $484,800 $192,500 $292,300
2023 $3,457 $484,800 $192,500 $292,300
2022 $2,908 $484,800 $192,500 $292,300
2021 $0 $504,400 $175,000 $329,400
2020 $2,943 $504,400 $175,000 $329,400
2019 $2,507 $422,100 $175,000 $247,100
2018 $2,507 $512,300 $175,000 $337,300
2017 $2,709 $512,300 $175,000 $337,300
2016 $2,709 $512,300 $175,000 $337,300
2015 $2,709 $512,300 $175,000 $337,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 112998

Outer Banks Association of REALTORS®

APN: 115B-000-0011-0000

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