NOT LISTED FOR SALE

1127 Morris Dr Corolla, NC 27927

Estimated Value: $902,000 - $1,011,497

5 Beds
4.5 Baths
2,800 Sq Ft
$350/Sq Ft Est. Value

Last Sold January 15, 2014

Last sale price $525,000 $188 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $5,847/month

34 Days on Market

Highlights

  • Community Beach Access
  • Tennis Courts
  • Clubhouse
  • Ocean View
  • Spa
  • Coastal Architecture

About This Home

As of January 2014

Affordable Oceanside home in Corolla Light. Close to beach with direct ocean access. Well maintained and cared for home in X flood zone. Enjoy the comfort and convenience of this special home. The Hardwood floors on top level with nice trim package, compliments the warm feeling you get while walking room to room. A comfortable ships watch area with wet bar along with a ground floor rec area add to the charm of this home. Street presence is enhanced with mature landscaping.

Last Agent to Sell the Property

Ronald Barrett

Brindley Beach Vacations & Sales - Cor License #94054 Listed on: 10/22/2013

Last Buyer's Agent

Veronica Marsh

Keller Williams - Outer Banks License #157703

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,331

Year Built

  • Built in 1997

Lot Details

  • Lot Dimensions are 82x104
  • Property fronts a private road
  • Landscaped
  • Level Lot

HOA Fees

  • $264 Monthly HOA Fees

Parking

  • Paved Parking

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 2,800 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Game Room
  • Screened Porch
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Pool

  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Tennis Courts
  • Covered Deck
  • 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 #736

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,331

Year Built

Built in 1997

Lot Details

0

HOA Fees

$264 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Enter Cor Lgt Main Entrance (Austin Str), right on Franklyn, right on Morris, house on right.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Hot Tub, Indoor Tennis, Landscaped, Outdoor Tennis, Outside Lighting, Outside Shower, Screened Porch, Smoke Detector(s), Sun Deck
  • Flood Zone: X
  • Subdivision Name: Corolla Light PUD
  • Headline: X FLOOD ZONE, CLOSE TO BEACH
  • Heated Sq Ft: 2800
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: More than 5th row
  • Zoning: Res
  • Deed Book Pg Number: 0685
  • Major Subdivision: Corolla Light
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 5
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Foundation: Piling, Slab
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Washer Connection, Wet Bar
  • Optional Rooms: Game Room, Shipswatch
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Shakes, Wood
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 82
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Paved

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Electric, Forced Air, 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, Tennis Courts, Walkways
  • Association Amenities: Clubhouse, Indoor-Comm. Pool, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Racquetball, Sound Access, Board Walk
  • Association Fee: Yes
  • Estimated Annual Fee: 3168
  • Home Owner Dwelling Insurance: 2357

Lot Info

  • Lot Description: Level
  • Lot Faces: SE
  • Lot Size: 82x104
  • Lot Number: Lot #736
  • Deed Book: 0567

Rental Info

  • Est Annual Rental Income: 45000
  • Estimated Rental Performance: 0.0857
  • Flood Expenses: 458
  • Lease Terms: Weekly
  • Other Expenses: 475
  • Other Expenses2: 2500
  • Poolspa Expense: 1100
  • Rental Co: Brindley Beach Vacations
  • Rental Cottage Name: Hop Inn
  • Rental Cottage Number: 736
  • Rental Phone Number: 453-3000
  • Rental Turnover Day: Sat
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 700
  • Annual Electric: 2600
  • Annual Telephone Expense: 750
  • Annual Water Expense: 1900

Building Info

  • Year Built: 1997

Tax Info

  • Year: 2013
  • Taxes: 2331

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2013
Closed on
Dec 11, 2013
Sold by
Hopkins Howard W and Hopkins Frances M
Bought by
Spillman Earl and Spillman Drbra
Seller's Agent
Ronald Barrett
Brindley Beach Vacations & Sales - Cor
Buyer's Agent
Veronica Marsh
Keller Williams - Outer Banks
List Price
$575,000
Sold Price
$525,000
Premium/Discount to List
-$50,000
-8.7%
Current Estimated Value
$980,874

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$455,874
Avg. Annual Appreciation
5.36%
Original Mortgage
$400,000
Outstanding Balance
$300,336
Interest Rate
4.48%
Mortgage Type
New Conventional
Estimated Equity
$680,538
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
Spillman Earl $525,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spillman Earl $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2014 01/15/14 Sold $525,000 -8.7% $188 / Sq Ft
11/25/2013 11/25/13 Pending -- -- --
10/22/2013 10/22/13 For Sale $575,000 -- $205 / 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 $5,507 $556,500 $247,500 $309,000
2024 $5,507 $556,500 $247,500 $309,000
2023 $4,371 $556,500 $247,500 $309,000
2022 $3,280 $556,500 $247,500 $309,000
2021 $3,265 $486,200 $225,000 $261,200
2020 $2,847 $486,200 $225,000 $261,200
2019 $2,847 $486,200 $225,000 $261,200
2018 $2,847 $486,200 $225,000 $261,200
2017 $2,584 $486,200 $225,000 $261,200
2016 $2,646 $486,200 $225,000 $261,200
2015 $2,624 $480,600 $225,000 $255,600
Source: Public Records

Agents Affiliated with this Home

  • Ronald Barrett

    Seller's Agent in 2014

    Ronald Barrett

    Brindley Beach Vacations & Sales - Cor

    (252) 202-8999

    35 in this area

    40 Total Sales

    Ronald Barrett
    Section Image

  • V

    Buyer's Agent in 2014

    Veronica Marsh

    Keller Williams - Outer Banks

    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 81027

Outer Banks Association of REALTORS®

APN: 115B-000-0736-0000

North Carolina Currituck County Corolla 27927

1127 Morris Dr, Corolla, NC

Not Listed for Sale

Detached

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