NOT LISTED FOR SALE

1130 Payson Ct Corolla, NC 27927

Estimated Value: $794,000 - $805,889

4 Beds
3.5 Baths
1,951 Sq Ft
$411/Sq Ft Est. Value

Last Sold August 28, 2019

Last sale price $382,427 $196 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $4,827/month

442 Days on Market

Highlights

  • Community Beach Access
  • Tennis Courts
  • Gated Community
  • Health Club
  • Outdoor Pool
  • Clubhouse

About This Home

As of August 2019

This cozy 4 bedroom, 3.5 bath Oceanside home in Corolla Light would be a perfect second home or rental. Top living area is filled with light and has great views of the Currituck Lighthouse. Easy-care wood laminate floors, stone fireplace, and wood paneled walls. The large kitchen has a bar area. There is a top-floor screened-in porch with a swing – a perfect place to relax in the ocean breezes. All four bedrooms are located on the second level. Two master bedrooms are connected by a large dressing room with a sunken spa. Each master bedroom has its own private balcony with steps leading to the backyard. Never a rental, the house is in excellent condition with little use by longtime owner. This property is on a corner lot with live-oak trees and a backyard path to the beach. There is plenty of room to add a pool. The exterior was recently painted and the house is in top condition. Favorable "X" flood zone designtination makes floor insurance not required for financing. Guests will enjoy the proximity of the beach and the oceanfront recreation area, with shopping and restaurants nearby. The amenities of the Corolla Light community include a year-round indoor sports center, multiple pools, tennis courts and much more.

Last Agent to Sell the Property

Scott Wheeler

Celebration Realty License #274905 Listed on: 04/15/2018

Last Buyer's Agent

Hunter Davis

Twiddy and Company - Corolla License #301647

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,909

Year Built

  • Built in 1987

Lot Details

  • Property fronts a private road
  • Lot includes common area
  • Landscaped

HOA Fees

  • $269 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

  • 1,951 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Wood Burning Fireplace
  • Window Treatments
  • Screened Porch

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • Cedar Closet
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Pool

  • Outdoor Pool
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Tennis Courts
  • Covered Deck

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot 136

Community Details

Overview

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

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Health Club
  • Tennis Courts
  • Indoor Tennis Courts
  • Racquetball
  • Community Indoor Pool
  • Park

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,909

Year Built

Built in 1987

Lot Details

0

HOA Fees

$269 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Hwy 12 North, right onto Austin Street, then left on Franklyn Street, first street on right is Payson - first house on right.
  • Extras: Beach Access, Covered Decks, Jet Tub, Landscaped, Outdoor Tennis, Outside Shower, Screened Porch, Sun Deck
  • Flood Zone: X
  • Headline: CLOSE TO THE BEACH
  • Heated Sq Ft: 1951
  • L V T Date: 04/19/2018
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: More than 5th row
  • Zoning: Res
  • Deed Book Pg Number: E/00
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Corolla Light
  • Newpoint Media: Yes
  • Office License Number: C30917
  • 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: 4
  • Floor Coverings: Carpet, Ceramic Tile, Vinyl, Wood Laminate
  • Foundation: Piling, Slab
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Cedar Closet(s), Dryer Connection, Ice Maker Connection, Ensuite, Washer Connection, 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

  • Garage: Carport
  • Parking: Paved

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Heat Pump
  • Sewer/Septic System: Community Septic
  • 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, Gated Community, Health Club, Indoor-Comm. Pool, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Park, Racquetball, Sound Access, Board Walk
  • Association Fee: Yes
  • Estimated Annual Fee: 3232
  • Home Owner Dwelling Insurance: 4095

Lot Info

  • Lot Description: Adj. To Common Area
  • Lot Number: Lot 136
  • Deed Book: 14

Building Info

  • Year Built: 1987

Tax Info

  • Year: 2018
  • Taxes: 2909.16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2018
Closed on
Aug 1, 2019
Sold by
Damato Kathryn J and Regueira Kathryn J
Bought by
Motyczka Michael J and Motyczka Cynthia S
Seller's Agent
Scott Wheeler
Celebration Realty
Buyer's Agent
Hunter Davis
Twiddy and Company - Corolla
List Price
$434,300
Sold Price
$382,427
Premium/Discount to List
-$51,873
-11.94%
Current Estimated Value
$800,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$418,545
Avg. Annual Appreciation
12.33%
Original Mortgage
$344,184
Outstanding Balance
$300,111
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$500,861

Purchase Details

Closed on
Feb 15, 2014
Bought by
Regueira Kathryn J
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
Motyczka Michael J $382,500 None Available
Regueira Kathryn J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Motyczka Michael J $344,184
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2019 08/28/19 Sold $382,427 -4.2% $196 / Sq Ft
07/01/2019 07/01/19 Pending -- -- --
02/14/2019 02/14/19 Price Changed $399,000 -8.1% $205 / Sq Ft
06/21/2018 06/21/18 For Sale $434,300 +13.6% $223 / Sq Ft
06/14/2018 06/14/18 Off Market $382,427 -- --
04/15/2018 04/15/18 For Sale $434,300 -- $223 / 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 $4,445 $554,700 $330,000 $224,700
2024 $4,445 $554,700 $330,000 $224,700
2023 $4,429 $554,700 $330,000 $224,700
2022 $3,322 $554,700 $330,000 $224,700
2021 $3,307 $495,000 $300,000 $195,000
2020 $2,908 $495,000 $300,000 $195,000
2019 $2,908 $495,000 $300,000 $195,000
2018 $2,908 $495,000 $300,000 $195,000
2017 $2,640 $495,000 $300,000 $195,000
2016 $2,640 $495,000 $300,000 $195,000
2015 $2,640 $495,000 $300,000 $195,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 100143

Outer Banks Association of REALTORS®

APN: 115B-000-0136-0000