NOT LISTED FOR SALE

1126 Payson St Corolla, NC 27927

Estimated Value: $882,000 - $970,000

5 Beds
3.5 Baths
2,712 Sq Ft
$342/Sq Ft Est. Value

Last Sold August 17, 2020

Last sale price $530,000 $195 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $5,538/month

516 Days on Market

Highlights

  • Community Beach Access
  • In Ground Pool
  • Clubhouse
  • Ocean View
  • Gated Community
  • Contemporary Architecture

About This Home

As of August 2020

This lovely home located in the amazing Corolla Light Resort offers everything you need for a wonderful beach ownership experience. Walking distance to everything you will need, from restaurants to entertainment and even a short drive up to the 4 wheel drive area for a day searching for horses! This 5 bedroom home has several improvements for 2019: new carpeting throughout, remodeled powder room, kitchen updates including backsplash, restored cabinets and some interior painting. Key features include, beautiful ocean views, ample deck space, large open top floor living/dining, mid level den for a kids getaway and beautiful spacious bedrooms. This home has everything you need in an amazing location.

Last Agent to Sell the Property

Ilona Matteson

Beach Realty & Construction License #174596 Listed on: 02/05/2019

Last Buyer's Agent

Vanessa Watson

Coastal Carolina Vacations License #217744

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,441

Year Built

  • Built in 1987

Lot Details

  • Lot Dimensions are 80x110
  • Property fronts a private road
  • Landscaped
  • Level Lot

HOA Fees

  • $278 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Lap Siding
  • Piling Construction

Interior Spaces

  • 2,712 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Parking

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

Pool

  • In Ground Pool
  • Fiberglass Pool
  • Gunite Pool
  • Outdoor Pool
  • Spa

Outdoor Features

  • Sun Deck
  • Covered Deck

Utilities

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

Listing and Financial Details

  • Tax Lot 134

Community Details

Overview

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

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Tennis Courts
  • Racquetball
  • Community Playground
  • Community Indoor Pool
  • Park

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,441

Year Built

Built in 1987

Lot Details

0

HOA Fees

$278 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan
  • Directions: Ocean Blvd North, Turn right onto Austin St., left at Franklin St. Turn Right at stop sign onto Payson St. House on right.
  • Extras: Ceiling Fan(s), Covered Decks, Hot Tub, Landscaped, Smoke Detector(s), Sun Deck
  • Flood Zone: X
  • Subdivision Name: Corolla Light
  • Heated Sq Ft: 2712
  • L V T Date: 02/05/2019
  • Phase: 2D
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: 3 - lots from oceanfront (4th row)
  • Zoning: Resi
  • Advertised Income 2020: 47320
  • Deed Book Pg Number: 76
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Corolla Light
  • Newpoint Media: Yes
  • Office License Number: C3297
  • 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, Washer
  • Bedrooms: 5
  • Countertops: Laminate
  • Floor Coverings: Carpet, Ceramic Tile, Wood
  • Foundation: Piling, Slab
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Gas Connection, Ice Maker Connection, Ensuite, Some Windows Treated, Washer Connection, Wood Fireplace
  • Optional Rooms: Breakfast Nook
  • Partial Bathrooms: 1

Exterior Features

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

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Building Maintenance, Common Electric, Common Insurance, Grounds Maintenance, Management, Pool, Road Maintenance, Sewer/Septic, Tennis Courts
  • Association Amenities: Clubhouse, Gated Community, Indoor-Comm. Pool, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Park, Playground, Racquetball, Sound Access, Board Walk, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 3332
  • Hoa Contact: Don Cheek
  • HOA Contact: 252-453-2455
  • Home Owner Dwelling Insurance: 3425

Lot Info

  • Lot Description: Level
  • Lot Size: 80x110
  • Lot Number: Lot 134
  • Deed Book: 273

Rental Info

  • Est Annual Rental Income: 63030
  • Estimated Rental Performance: 0.1189
  • Flood Expenses: 759
  • Lease Terms: Weekly
  • Poolspa Expense: 3670
  • Rental Co: Leslie Vacation Rentals
  • Rental Cottage Name: Trade Winds
  • Rental Cottage Number: CL-134
  • Rental Phone Number: 252-441-6816
  • Rental Turnover Day: Sat
  • Yearly Expense Actual Estimate: Actual
  • Annual Electric: 3090
  • Annual Water Expense: 2496
  • Rental Contact Email: info@leslievacationrentals.com
  • Rental Contact Name: Leslie Homfeck
  • Rental Contact Phone: 441-6816

Building Info

  • Year Built: 1987

Tax Info

  • Year: 2018
  • Taxes: 3440.59

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2019
Closed on
Aug 14, 2020
Sold by
Depaulis Thomas A and Depaulis Pamela J
Bought by
Torborg David Scott and Christian Karen E
Seller's Agent
Ilona Matteson
Beach Realty & Construction
Buyer's Agent
Vanessa Watson
Coastal Carolina Vacations
List Price
$559,000
Sold Price
$530,000
Premium/Discount to List
-$29,000
-5.19%
Current Estimated Value
$937,425

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$407,425
Avg. Annual Appreciation
10.90%
Original Mortgage
$450,500
Outstanding Balance
$397,822
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$529,634

Purchase Details

Closed on
Apr 16, 1990
Bought by
Depaulis Thomas A and Depaulis Pamela J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Torborg David Scott $530,000 None Available
Depaulis Thomas A $330,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torborg David Scott $450,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2020 08/17/20 Sold $530,000 -1.7% $195 / Sq Ft
07/05/2020 07/05/20 Pending -- -- --
05/17/2020 05/17/20 Price Changed $539,000 -3.6% $199 / Sq Ft
01/11/2020 01/11/20 For Sale $559,000 0.0% $206 / Sq Ft
12/08/2019 12/08/19 Pending -- -- --
11/20/2019 11/20/19 Price Changed $559,000 -1.8% $206 / Sq Ft
07/30/2019 07/30/19 Price Changed $569,000 -5.0% $210 / Sq Ft
05/02/2019 05/02/19 Price Changed $599,000 -6.3% $221 / Sq Ft
02/05/2019 02/05/19 For Sale $639,000 -- $236 / 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 $4,300 $534,000 $330,000 $204,000
2024 $4,300 $534,000 $330,000 $204,000
2023 $4,276 $534,000 $330,000 $204,000
2022 $3,202 $534,000 $330,000 $204,000
2021 $3,183 $590,400 $325,000 $265,400
2020 $3,440 $590,400 $325,000 $265,400
2019 $3,440 $590,400 $325,000 $265,400
2018 $3,441 $590,400 $325,000 $265,400
2017 $3,121 $590,400 $325,000 $265,400
2016 $3,139 $590,400 $325,000 $265,400
2015 $3,145 $590,400 $325,000 $265,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 103573

Outer Banks Association of REALTORS®

APN: 115B-000-0134-0000