NOT LISTED FOR SALE

1126 Morris Dr Corolla, NC 27927

Estimated Value: $854,000 - $1,033,701

6 Beds
4.5 Baths
3,048 Sq Ft
$314/Sq Ft Est. Value

Last Sold December 28, 2018

Last sale price $403,000 $132 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $5,670/month

54 Days on Market

Highlights

  • Beach Access
  • Tennis Courts
  • Contemporary Architecture
  • Health Club
  • Spa
  • Wood Flooring

About This Home

As of December 2018

JUST REDUCED 26K. PRICED TO SELL. Located in the ocean side of prestigious Corolla Light Resort close to beach access in flood zone X. This spacious, six bedroom home is just a short walk to the beach, community oceanfront pools, playgrounds, shops and tennis courts. The reverse floor plan features an expansive top floor surrounded by tall, custom-designed windows allowing for an abundance of natural light. It also contains hardwood floors (installed in 2015), an entertainment center and elevated loft. The top and mid-level master bedrooms both have access to very large decks. The exterior has been freshly painted in 2017 and upgrades include a new deck, refrigerator/dishwasher, new carpet. Looking to use this property as a rental? Having six bedrooms that accommodate 14 occupants is a huge advantage in the sought-after Corolla Light Resort, an award-winning, ocean-to-sound family resort which boasts extensive indoor and outdoor recreational facilities and amenities.

Last Agent to Sell the Property

Ronald Barrett

Brindley Beach Vacations & Sales - Cor License #94054 Listed on: 10/05/2018

Last Buyer's Agent

Ronald Barrett

Brindley Beach Vacations & Sales - Cor License #94054 Listed on: 10/05/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,715

Year Built

  • Built in 1992

Lot Details

  • Property fronts a private road

HOA Fees

  • $269 Monthly HOA Fees

Parking

  • Paved Parking

Home Design

  • Contemporary Architecture
  • Beach Box Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 3,048 Sq Ft Home
  • Wet Bar
  • Furnished
  • Ceiling Fan
  • Wood Burning Fireplace
  • Fire and Smoke Detector

Kitchen

  • Microwave
  • Dishwasher
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Pool

  • Spa
  • Outdoor Pool
  • Outdoor Shower

Outdoor Features

  • Beach Access
  • Sun Deck
  • Tennis Courts

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot 716

Community Details

Overview

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

Recreation

  • Health Club
  • Indoor Tennis Courts
  • Community Indoor Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,715

Year Built

Built in 1992

Lot Details

0

HOA Fees

$269 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Beach Box, Contemporary, Reverse Floor Plan
  • Directions: Hwy 12 North to main ocean side entrance of Corolla Light. Enter on Austin St, turn right on Franklyn St. Turn right on Morris Dr. House is on left.
  • Extras: Beach Access, Ceiling Fan(s), Hot Tub, Jet Tub, Outdoor Tennis, Outside Shower, Smoke Detector(s), Sun Deck
  • Flood Zone: X
  • Subdivision Name: Corolla Light
  • Headline: AFFORDABLE OCEANFRONT
  • Heated Sq Ft: 3048
  • L V T Date: 10/05/2018
  • Phase: 1
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Zoning: Res
  • Deed Book Pg Number: 493
  • Destination Commerce Corp: Yes
  • Major Subdivision: Corolla Light
  • Office License Number: C14121
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Bedrooms: 6
  • Countertops: Laminate
  • Floor Coverings: Carpet, Vinyl, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: Dryer Connection, Ensuite, Washer Connection, Wet Bar, Wood Fireplace
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Shakes, Wood
  • Pool: Yes
  • Pool: Association
  • Pool Type: Association Pool
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Parking: Paved

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Electric, Heat Pump, Zoned
  • Sewer/Septic System: Community Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
  • Association Amenities: Health Club, Indoor-Comm. Pool, Indoor-Comm. Tennis, Outdoor-Comm. Pool
  • Association Fee: Yes
  • Estimated Annual Fee: 3232
  • Home Owner Dwelling Insurance: 1044

Lot Info

  • Lot Number: Lot 716
  • Deed Book: 215

Rental Info

  • Est Annual Rental Income: 35000
  • Estimated Rental Performance: 0.0868
  • Flood Expenses: 724
  • Lease Terms: Weekly
  • Maintenance Expenses: 2025
  • Other Expenses: 225000
  • Poolspa Expense: 1174
  • Rental Co: Brindley Beach Vacations
  • Rental Cottage Name: Q's Gemini Dream
  • Rental Cottage Number: 716
  • Rental Phone Number: 252-453-3000
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 829
  • Annual Electric: 2157
  • Annual Telephone Expense: 787
  • Annual Water Expense: 1520

Building Info

  • Year Built: 1992

Tax Info

  • Year: 2017
  • Taxes: 2715

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 18, 2019
Sold by
Rossi Paul C and Rossi Lorraine V
Bought by
Lvn Properties Llc
Current Estimated Value
$957,175

Purchase Details

Listed on
Oct 5, 2018
Closed on
Dec 19, 2018
Sold by
Kozloff Bilsky Steven Jay and Kozloff Bilsky Susan
Bought by
Rossi Paul C and Rossi Lorraine V
Seller's Agent
Ronald Barrett
Brindley Beach Vacations & Sales - Cor
Buyer's Agent
Ronald Barrett
Brindley Beach Vacations & Sales - Cor
List Price
$475,000
Sold Price
$403,000
Premium/Discount to List
-$72,000
-15.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.13%
Original Mortgage
$223,000
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 31, 1899
Bought by
Bilsky Steven Jay and Bilsky Susan Kozloff
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
Lvn Properties Llc -- None Available
Rossi Paul C $403,000 None Available
Bilsky Steven Jay -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rossi Paul C $223,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/28/2018 12/28/18 Sold $403,000 -15.2% $132 / Sq Ft
11/28/2018 11/28/18 Pending -- -- --
10/05/2018 10/05/18 For Sale $475,000 -- $156 / 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 $4,629 $575,800 $247,500 $328,300
2024 $4,624 $575,800 $247,500 $328,300
2023 $4,624 $575,800 $247,500 $328,300
2022 $3,456 $575,800 $247,500 $328,300
2021 $3,441 $498,500 $225,000 $273,500
2020 $2,985 $498,500 $225,000 $273,500
2019 $2,985 $498,500 $225,000 $273,500
2018 $2,985 $498,500 $225,000 $273,500
2017 $2,715 $498,500 $225,000 $273,500
2016 $2,715 $498,500 $225,000 $273,500
2015 $2,715 $498,500 $225,000 $273,500
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 102198

Outer Banks Association of REALTORS®

APN: 115B-000-0716-0000