NOT LISTED FOR SALE

1131 Gray Ct Corolla, NC 27927

Estimated Value: $982,000 - $990,000

5 Beds
5.5 Baths
2,686 Sq Ft
$367/Sq Ft Est. Value

Last Sold August 14, 2020

Last sale price $610,000 $227 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $5,841/month

6 Days on Market

Highlights

  • Community Beach Access
  • Heated In Ground Pool
  • Clubhouse
  • Health Club
  • Gated Community
  • Cathedral Ceiling

About This Home

As of August 2020

This stunning and well maintained home can continue to serve as a permanent residence or meet all expectations for weekly rental guests. With multiple outside gathering areas it is sure to please whether you are looking for shade, sun, private heated pool, hot tub, or a lighthouse view. Stretch out in the spacious top floor living area with beautiful hardwood floors, dining area and convenient kitchen. Five large bedrooms and five and a half baths provide the rest you will need after taking advantage of all this award winning community has to offer. From this convenient location you can walk to all the ocean side amenities or take the trolley to the sound side and the nature trails. Enjoy the ground level game room or just wile away some time on the screened porch or one of the decks. Refer to the exclusion list to know which furniture pieces and personal property do not convey with the sale. Come see! Let's talk!

Last Agent to Sell the Property

Rodney Perry

Brindley Beach Vacations & Sales - Cor License #218159 Listed on: 07/17/2020

Last Buyer's Agent

Brook Sparks

Coldwell Banker Seaside Realty KH License #275425

Coldwell Banker Seaside Realty KH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,037

Year Built

  • Built in 2004

Lot Details

  • Property fronts a private road
  • Landscaped
  • Level Lot

HOA Fees

  • $277 Monthly HOA Fees

Parking

  • Paved Parking

Home Design

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

Interior Spaces

  • 2,686 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Game Room
  • Screened Porch
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Outdoor Pool
  • Vinyl Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

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 #16

Community Details

Overview

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

Amenities

  • Common Area
  • Clubhouse

Recreation

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

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,037

Year Built

Built in 2004

Lot Details

0

HOA Fees

$277 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: Turn east on Austin Street in Corolla Light Oceanside, first right on Villa Court and next right on Twiford Street - next right on Gray Court - second house on right.
  • Extras: Ceiling Fan(s), Covered Decks, Hot Tub, Jet Tub, Landscaped, Outside Lighting, Outside Shower, Screened Porch, Smoke Detector(s), Sun Deck
  • Flood Zone: X
  • Subdivision Name: Corolla Light HOA
  • Headline: Heart of Corolla Light!
  • Heated Sq Ft: 2686
  • L V T Date: 07/17/2020
  • Primary Residence: Yes
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: More than 5th row
  • Zoning: Res
  • Deed Book Pg Number: 417
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Corolla Light
  • Newpoint Media: Yes
  • Office License Number: C14121
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 5
  • Countertops: Laminate
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Foundation: Piling, Slab
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Some Windows Treated, Washer Connection
  • Optional Rooms: Game Room
  • 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, Vinyl, Heated, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Garage: Carport
  • 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: Clubhouse, Gated Community, Health Club, Indoor-Comm. Pool, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Park, Sound Access, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 3329

Lot Info

  • Lot Description: Level
  • Lot Number: Lot #16
  • Deed Book: 610

Rental Info

  • Est Annual Rental Income: 57080
  • Estimated Rental Performance: 0.0936

Building Info

  • Year Built: 2004

Tax Info

  • Year: 2019
  • Taxes: 3037

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2020
Closed on
Aug 5, 2020
Sold by
Cheek Donald and Cheek Rhonda
Bought by
Hildreth James C and Keljo Lindsey W
Seller's Agent
Rodney Perry
Brindley Beach Vacations & Sales - Cor
Buyer's Agent
Brook Sparks
Coldwell Banker Seaside Realty KH
List Price
$625,000
Sold Price
$610,000
Premium/Discount to List
-$15,000
-2.4%
Current Estimated Value
$986,149

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$376,149
Avg. Annual Appreciation
9.32%
Original Mortgage
$488,000
Outstanding Balance
$430,937
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$555,212

Purchase Details

Closed on
Sep 20, 2002
Bought by
Cheek Donald F and Cheek Rhonda E
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
Hildreth James C $610,000 None Available
Cheek Donald F $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hildreth James C $488,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/14/2020 08/14/20 Sold $610,000 -2.4% $227 / Sq Ft
07/23/2020 07/23/20 Pending -- -- --
07/17/2020 07/17/20 For Sale $625,000 -- $233 / 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 $4,892 $607,000 $192,500 $414,500
2024 $4,892 $607,000 $192,500 $414,500
2023 $4,876 $607,000 $192,500 $414,500
2022 $3,637 $607,000 $192,500 $414,500
2021 $3,622 $522,200 $175,000 $347,200
2020 $3,041 $522,200 $175,000 $347,200
2019 $3,038 $522,200 $175,000 $347,200
2018 $3,038 $522,200 $175,000 $347,200
2017 $2,757 $522,200 $175,000 $347,200
2016 $2,757 $522,200 $175,000 $347,200
2015 $2,757 $522,200 $175,000 $347,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 110144

Outer Banks Association of REALTORS®

APN: 115B-000-0016-0000