NOT LISTED FOR SALE

1132 Gray Ct Corolla, NC 27927

Estimated Value: $711,000 - $791,000

5 Beds
3 Baths
2,372 Sq Ft
$316/Sq Ft Est. Value

Last Sold July 09, 2020

Last sale price $389,000 $164 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $4,568/month

118 Days on Market

Highlights

  • Community Beach Access
  • Spa
  • Wood Flooring
  • Health Club
  • Clubhouse
  • Furnished

About This Home

As of July 2020

Put your family in Corolla’s premier community in a wonderful house at an irresistible price. Five bedrooms, three baths, OCEANSIDE, with high-end kitchen and a two-car garage. This home is in outstanding condition, gently used (and updated) by its original owners. Not a rental, so it shows no nicks & knocks nor wear & tear. The wood trim and walls are unmarked and the house smells and looks clean and fresh. Built by Dave Stormont, the contractor of choice for many high-end Corolla homes, this house has many quality features including wood wainscoting, double closets in some bedrooms, solid wood six-panel doors, and built-in cabinets. The kitchen is exceptional with barely used Samsung stainless steel appliances. Thick granite counter-tops with an enormous center island. Aristocraft solid wood cabinets with lots of storage. The top floor has new hardwood flooring- solid oak tongue-in-groove planks finished in place, not laminate. The fireplace is woodburning with a raised hearth. One feature seldom found in a beach home is an enclosed garage. This house has a two door double-bay garage with room to keep a 4WD beach Jeep and/ or to set up a workshop area. Room for a pool! A new owner should have no worries about the major systems of the house- the roof, exterior paint, HVACs and major appliances have all been recently renewed. This house was previously on the market at a much higher price. Now, the owner has re-offered it at a Buy-it-Now price. If you have been sitting on the sidelines waiting for a quality house for family or investment, make your move on this home.

Last Agent to Sell the Property

Scott Wheeler

Celebration Realty License #274905 Listed on: 01/28/2020

Last Buyer's Agent

Danielle Taylor

Keller Williams - Outer Banks License #273134

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,368

Year Built

  • Built in 1992

Lot Details

  • Property fronts a private road
  • Cul-De-Sac

HOA Fees

  • $277 Monthly HOA Fees

Interior Spaces

  • 2,372 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Wood Burning Fireplace
  • Screened Porch

Kitchen

  • Oven or Range
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport

Pool

  • Spa
  • Outdoor Pool
  • Outdoor Shower

Utilities

  • Central Heating and Cooling System
  • Municipal Utilities District for Water and Sewer

Listing and Financial Details

  • Tax Lot #14

Community Details

Overview

  • Association fees include common electric, common insurance, grounds maintenance, management, pool, road maintenance, security
  • Built by Dave Stormont
  • Corolla Light Subdivision

Amenities

  • Clubhouse

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,368

Year Built

Built in 1992

Lot Details

0

HOA Fees

$277 per month

Listing Details

  • Class: RESIDENTIAL
  • Directions: From Rt 12, enter main entrance West onto Austin Street. take first right at Villa Drive, go right on Twiford Street. Right On Gray Court in the circle.
  • Extras: Ceiling Fan(s), Hot Tub, Outside Shower, Screened Porch
  • Flood Zone: X
  • Headline: Best Value in Corolla
  • Heated Sq Ft: 2372
  • L V T Date: 01/28/2020
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: More than 5th row
  • Zoning: Res
  • Deed Book Pg Number: 523
  • 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: Dryer, Range/Oven, Washer
  • Bedrooms: 5
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: Wood Fireplace

Exterior Features

  • Homebuilder: Dave Stormont
  • Pool: Yes
  • Pool: Association
  • Pool Type: Association Pool

Garage/Parking

  • Garage: 2 Car

Utilities

  • Cooling: Central
  • Heating: Central
  • 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
  • Association Amenities: Clubhouse, Health Club, Indoor-Comm. Pool, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis
  • Association Fee: Yes
  • Estimated Annual Fee: 3329

Lot Info

  • Lot Description: Cul-de-sac
  • Lot Number: Lot#14
  • Deed Book: 1229

Rental Info

  • Annual Electric: 2400
  • Annual Water Expense: 500

Building Info

  • Year Built: 1992

Tax Info

  • Year: 2019
  • Taxes: 2367.74

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2020
Closed on
Jun 23, 2020
Sold by
Merckens Rory W and Vesely Patricia
Bought by
Breig Robert David and Willson Christina Fran
Seller's Agent
Scott Wheeler
Celebration Realty
Buyer's Agent
Danielle Taylor
Keller Williams - Outer Banks
List Price
$399,000
Sold Price
$389,000
Premium/Discount to List
-$10,000
-2.51%
Current Estimated Value
$750,170

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$361,170
Avg. Annual Appreciation
13.33%
Original Mortgage
$311,200
Outstanding Balance
$275,336
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$474,834

Purchase Details

Closed on
Dec 21, 2012
Sold by
Merekens Dary M
Bought by
Merckens Rory W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2011
Sold by
Vesely William J
Bought by
Merckens Rory and Merckens Dary M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
4.71%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Breig Robert David $389,000 None Available
Merckens Rory W -- None Available
Merckens Rory $405,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Breig Robert David $311,200
Previous Owner Merckens Rory W $285,000
Previous Owner Merckens Rory $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2020 07/09/20 Sold $389,000 -2.5% $164 / Sq Ft
05/25/2020 05/25/20 Pending -- -- --
01/28/2020 01/28/20 For Sale $399,000 -- $168 / 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
2024 $3,570 $443,300 $192,500 $250,800
2023 $3,570 $443,300 $192,500 $250,800
2022 $2,697 $443,300 $192,500 $250,800
2021 $2,682 $395,800 $175,000 $220,800
2020 $2,368 $395,800 $175,000 $220,800
2019 $2,368 $395,800 $175,000 $220,800
2018 $2,368 $395,800 $175,000 $220,800
2017 $2,150 $395,800 $175,000 $220,800
2016 $2,150 $395,800 $175,000 $220,800
2015 $2,150 $395,800 $175,000 $220,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 108051

Outer Banks Association of REALTORS®

APN: 115B-000-0014-0000