NOT LISTED FOR SALE

1129 Gray Ct Corolla, NC 27927

Estimated Value: $933,134 - $991,000

5 Beds
5.5 Baths
2,654 Sq Ft
$366/Sq Ft Est. Value

Last Sold April 28, 2017

Last sale price $497,000 $187 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $5,731/month

189 Days on Market

Highlights

  • Community Beach Access
  • In Ground Pool
  • Contemporary Architecture
  • Health Club
  • Clubhouse
  • Wood Flooring

About This Home

As of April 2017

Lovely home with a private pool, hot tub which is fully gated. Bedroom with 2 bunk sets, rec room with TV/DVD, Queen sleep sofa and foosball table and full bathroom. Mid level has a King master bedroom with a large private bathroom and deck access. There is an office area in the hall and the laundry area with washer and dryer. Also a half bath on the landing between the mid and top levels. Top level - Greatroom with TV/DVD/VCR, surround sound, gas fireplace and deck access with views of the lighthouse. Also a dining room which seats 10 and kitchen with breakfast bar. The private pool is 11x21. This home has been well taken care of by the owners and it shows.

Last Agent to Sell the Property

Richard Neher

Brindley Beach Vacations & Sales-Duck License #114134 Listed on: 09/08/2016

Last Buyer's Agent

Terry Cremia

Shore Realty License #204156

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,667

Year Built

  • Built in 2001

Lot Details

  • Property fronts a private road
  • Cul-De-Sac
  • Landscaped
  • Level Lot

HOA Fees

  • $269 Monthly HOA Fees

Parking

  • Paved Parking

Home Design

  • Contemporary Architecture
  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 2,654 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Gas Fireplace
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District for Water and Sewer

Listing and Financial Details

  • Tax Lot #17

Community Details

Overview

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

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Community Boardwalk
  • 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

$2,667

Year Built

Built in 2001

Lot Details

0

HOA Fees

$269 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan
  • Directions: Highway 12 North, turn right onto Austin Street (Entrance to Corolla Light) right on Villa Drive and sudden right onto Twiford Street which turns into Gray Court - 1st house on right.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Hot Tub, Landscaped, Outside Shower, Smoke Detector(s)
  • Flood Zone: X
  • Subdivision Name: Corolla Light PUD
  • Headline: BEAUTIFULLY MAINTAINED HOME
  • Heated Sq Ft: 2654
  • L V T Date: 09/08/2016
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: More than 5th row
  • Zoning: Res
  • Deed Book Pg Number: 90
  • Major Subdivision: Corolla Light
  • Office License Number: C14121
  • 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: Tile, Vinyl, Wood
  • Foundation: Piling, Slab
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: Dryer Connection, Gas Fireplace, Ensuite, Washer Connection
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Lap Siding, Cement Fiber Board
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • 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, 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: 3232

Lot Info

  • Lot Description: Cul-de-sac, Level
  • Lot Number: Lot #17
  • Deed Book: 1124

Rental Info

  • Est Annual Rental Income: 45000
  • Estimated Rental Performance: 0.0905
  • Lease Terms: Weekly
  • Rental Co: Brindley Beach Vacations
  • Rental Cottage Name: Sugar Magnolia
  • Rental Cottage Number: 17
  • Rental Phone Number: 453-3000
  • Rental Turnover Day: Sat

Building Info

  • Year Built: 2001

Tax Info

  • Year: 2016
  • Taxes: 2667

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2016
Closed on
Apr 26, 2017
Sold by
George Dennis C and Neville Rosanne
Bought by
Eubanks Stephen R and Eubanks Elizabeth L
Seller's Agent
Richard Neher
Brindley Beach Vacations & Sales-Duck
Buyer's Agent
Terry Cremia
Shore Realty
List Price
$528,000
Sold Price
$497,000
Premium/Discount to List
-$31,000
-5.87%
Current Estimated Value
$971,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$474,034
Avg. Annual Appreciation
8.01%
Original Mortgage
$397,600
Outstanding Balance
$330,114
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$640,920

Purchase Details

Closed on
May 5, 2010
Sold by
George Dennis C and Neville Rosanne
Bought by
George Dennis C and Neville Rosanne

Purchase Details

Closed on
Apr 26, 2004
Sold by
George Michael E and George Judity C
Bought by
Judith C George Living Trust
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
Eubanks Stephen R $497,000 Attorney
George Dennis C -- None Available
Judith C George Living Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eubanks Stephen R $397,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2017 04/28/17 Sold $497,000 -5.9% $187 / Sq Ft
03/16/2017 03/16/17 Pending -- -- --
09/08/2016 09/08/16 For Sale $528,000 -- $199 / 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 $4,610 $570,700 $192,500 $378,200
2024 $4,594 $570,700 $192,500 $378,200
2023 $4,107 $570,700 $192,500 $378,200
2022 $3,443 $570,700 $192,500 $378,200
2021 $3,376 $494,500 $175,000 $319,500
2020 $2,942 $494,500 $175,000 $319,500
2019 $2,937 $494,500 $175,000 $319,500
2018 $2,937 $494,500 $175,000 $319,500
2017 $2,665 $494,500 $175,000 $319,500
2016 $2,667 $494,500 $175,000 $319,500
2015 $2,665 $494,500 $175,000 $319,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 93666

Outer Banks Association of REALTORS®

APN: 115B-000-0017-0000