NOT LISTED FOR SALE

1131 Morris Dr Corolla, NC 27927

Estimated Value: $954,000 - $1,050,000

6 Beds
5.5 Baths
3,072 Sq Ft
$328/Sq Ft Est. Value

Last Sold July 12, 2022

Last sale price $930,000 $303 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $5,927/month

3 Days on Market

Highlights

  • Community Beach Access
  • Spa
  • Second Refrigerator
  • Health Club
  • Gated Community
  • Coastal Architecture

About This Home

As of July 2022

This handsome Corolla Light vacation home has the oceanside location and quality features that buyers want. Only a short stroll to the beach, this house has 6 bedrooms and 5 and a half baths. Meticulously maintained, this house is ready to enjoy as a second home or employ as a popular rental. It has been newly furnished and stylishly decorated throughout.There are gleaming hardwood floors in the top living area which is crowned with a tall cathedral ceiling and many windows. The large updated kitchen has Corian countertops and is equipped with stainless steel appliances. A breakfast barhas seating for four. There is a wet bar with mini fridge. In addition to a large dining area, there is a cozy raised breakfast nook. The bright and inviting living room with propane fireplace is adjacent to the kitchen and dining area– a great space for family gathering. To the side, is a sunny Florida room which can be used as an office or reading room. There are has many closets and utility storage areas along inn addition to built-in cabinets throughout. This house offers expansive decks with covered areas for outdoor dining or relaxing the hot-tub. In 2017, two new HVAC systems and a new roof were installed. Located on corner lot, this home enjoys a very short walk to the ocean. Shops, restaurants, and historic attractions are nearby. The home has not been a rental and the condition of the house is impeccable. A buyer could have immediate personal use of the home or put it in a rental program and expect strong rental demand right away. All of the amenities of the Corolla Light community are at your disposal including a year-round indoor sports center, multiple pools, tennis courts and much more. Don't miss this exceptional beach home.

Last Agent to Sell the Property

Scott Wheeler

Celebration Realty License #274905 Listed on: 06/10/2022

Last Buyer's Agent

Ronald Barrett

Brindley Beach Vacations & Sales - Cor License #94054

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,479

Year Built

  • Built in 1990

Lot Details

  • Property fronts a private road

HOA Fees

  • $269 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Piling Construction

Interior Spaces

  • 3,072 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Sun or Florida Room

Kitchen

  • Oven or Range
  • Second Refrigerator
  • Ice Maker
  • Dishwasher
  • Corian Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

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

Pool

  • Spa
  • Outdoor Pool

Utilities

  • Heat Pump System
  • Fuel Tank
  • Municipal Utilities District for Water and Sewer

Listing and Financial Details

  • Tax Lot 734

Community Details

Overview

  • Association fees include management, pool, road maintenance, security, tennis courts, walkways
  • Ben Stikeleather Association, Phone Number (252) 453-2455
  • Corolla Light Subdivision

Recreation

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

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,479

Year Built

Built in 1990

Lot Details

0

HOA Fees

$269 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Directions: From Rt 12, turn into Corolla Light main oceanside entrance Austin Street. Right turn on Franklyn Street. At end of street trunright on Morris Drive. House is on the corner.
  • Extras: Beach Access, Ceiling Fan(s), Hot Tub
  • Flood Zone: X
  • Headline: Move in now. Near the Ocean.
  • Heated Sq Ft: 3072
  • L V T Date: 06/10/2022
  • Roads: Private
  • Sale/Rent: For Sale
  • Waterfront Location: More than 5th row
  • Zoning: res
  • Deed Book Pg Number: 916
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Corolla Light
  • Newpoint Media: Yes
  • Office License Number: C31179
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Refrigerator
  • Bedrooms: 6
  • Countertops: Corian, Solid Surface
  • Floor Coverings: Carpet, Tile, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ice Maker Connection, Wet Bar
  • Optional Rooms: Sun/Florida Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Exterior: Wood
  • Pool: Yes
  • Pool: Association
  • Pool Type: Association Pool
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Parking: Parking Lot, Paved, Off Street, Under

Utilities

  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Fuel Tanks: Leased
  • Septic Fee: 720
  • Sewer/Septic System: Municipal Sewer
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
  • Association Amenities: Gated Community, Health Club, Indoor-Comm. Pool, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Tennis, Playground
  • Association Fee: Yes
  • Estimated Annual Fee: 3229
  • Hoa Contact: Ben Stikeleather
  • HOA Contact: 252-453-2455
  • Home Owner Dwelling Insurance: 5220

Lot Info

  • Lot Number: Lot 734
  • Deed Book: 1505

Rental Info

  • Yearly Expense Actual Estimate: Estimated
  • Annual Cable TV Expense: 948
  • Annual Electric: 850
  • Annual Water Expense: 360

Building Info

  • Year Built: 1990

Tax Info

  • Year: 2021
  • Taxes: 3479.45

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2022
Closed on
Jun 20, 2022
Sold by
Hare William F
Bought by
Chalfin Todd H and Chalfin Kristina L
Seller's Agent
Scott Wheeler
Celebration Realty
Buyer's Agent
Ronald Barrett
Brindley Beach Vacations & Sales - Cor
List Price
$925,000
Sold Price
$930,000
Premium/Discount to List
$5,000
0.54%
Current Estimated Value
$1,007,546

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,546
Avg. Annual Appreciation
2.33%
Original Mortgage
$744,000
Outstanding Balance
$704,786
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$302,760

Purchase Details

Listed on
Nov 26, 2017
Closed on
Oct 2, 2019
Sold by
Mininger Jay and Mininger Kelly
Bought by
Hare William F and Boyd Mary C
Seller's Agent
Scott Wheeler
Celebration Realty
Buyer's Agent
Scott Wheeler
Celebration Realty
List Price
$499,000
Sold Price
$499,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.93%
Original Mortgage
$250,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 2003
Bought by
Mininger, Jay C and Mininger Kelly W
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
Chalfin Todd H $930,000 Hornthal Riley Ellis & Maland
Hare William F $499,000 None Available
Mininger, Jay C $645,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chalfin Todd H $744,000
Previous Owner Hare William F $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/12/2022 07/12/22 Sold $930,000 +0.5% $303 / Sq Ft
06/13/2022 06/13/22 Pending -- -- --
06/10/2022 06/10/22 For Sale $925,000 +85.4% $301 / Sq Ft
11/01/2019 11/01/19 Sold $499,000 0.0% $162 / Sq Ft View Prior Sale
09/02/2019 09/02/19 Pending -- -- --
08/29/2019 08/29/19 Price Changed $499,000 0.0% $162 / Sq Ft
08/29/2019 08/29/19 For Sale $499,000 0.0% $162 / Sq Ft
08/28/2019 08/28/19 Off Market $499,000 -- --
10/01/2018 10/01/18 Price Changed $519,000 -5.5% $169 / Sq Ft
06/21/2018 06/21/18 For Sale $549,000 +10.0% $179 / Sq Ft
06/11/2018 06/11/18 Off Market $499,000 -- --
11/26/2017 11/26/17 For Sale $549,000 -- $179 / 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 $4,542 $579,900 $220,000 $359,900
2024 $4,542 $579,900 $220,000 $359,900
2023 $4,526 $579,900 $220,000 $359,900
2022 $3,393 $579,900 $220,000 $359,900
2021 $3,479 $507,400 $200,000 $307,400
2020 $3,049 $507,400 $200,000 $307,400
2019 $3,041 $507,400 $200,000 $307,400
2018 $3,041 $509,000 $200,000 $309,000
2017 $2,775 $509,000 $200,000 $309,000
2016 $2,767 $509,000 $200,000 $309,000
2015 $2,775 $509,000 $200,000 $309,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 119220

Outer Banks Association of REALTORS®

APN: 115B-000-0734-0000