NOT LISTED FOR SALE

1132 Morris Dr Corolla, NC 27927

Estimated Value: $823,000 - $922,000

5 Beds
3 Baths
2,362 Sq Ft
$369/Sq Ft Est. Value

Last Sold May 27, 2022

Last sale price $890,000 $377 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $5,231/month

Highlights

  • Community Beach Access
  • Outdoor Pool
  • Coastal Architecture
  • Health Club
  • Clubhouse
  • Wooded Lot

About This Home

As of May 2022

This 5-bedroom, 3-bath home in Corolla Light features gorgeous coastal-inspired updates with impeccable attention to detail throughout! On the top level, you'll find a thoughtfully-designed gathering space with soaring vaulted ceilings and plenty of natural light. The living area is open, yet cozy, with beachy accents punctuating the soothing neutral tones throughout. The newly-updated kitchen offers high-end touches such as quartz countertops, white shaker-style cabinets, crisp white appliances, and a beautiful backsplash reminiscent of sea glass. Gathering for meals presents several options, with a breakfast table connecting the kitchen and living areas, along with a spacious dining room painted in a soothing sea-green hue. Step out onto the sun deck with your morning coffee, where birdwatchers can observe nesting ospreys, or slip away to the ship's watch with a good book in the evening. Ready to call it a night? Escape to your top level owner's suite, with a brand new private bath featuring a stunning spa-inspired tiled walk-in shower with massive rainfall showerhead. On the mid-level, you'll find four generously-sized bedrooms, each laid out in two sets of suites with shared baths on opposite ends of the hall. You'll also find covered porches along the mid-level, with a screened porch off of one of the queen bedrooms. The laundry room is conveniently located on the mid-level as well. On the ground level, you'll find two storage closets and dry entry from the double carports, as well as an outdoor shower. This property feels like a spacious retreat in the woods, but just a short .22 mile walk to the beach, and you'll fall in love with all the fun amenities Corolla Light has to offer, including community pools inside and out, tennis, sports courts, fitness center, and nature trail! You'll also find fantastic Corolla shopping, dining, and attractions just around the corner. With its eye-catching updates, designer details, and thoughtful floorplan, you'll want to make this lovingly-kept gem your very own!

Last Agent to Sell the Property

Danielle Taylor

Keller Williams - Outer Banks License #273134 Listed on: 04/12/2022

Keller Williams - Outer Banks

Last Buyer's Agent

Chris Keyser

Keller Williams - Outer Banks License #295416

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,922

Year Built

  • Built in 1989

Lot Details

  • 8,928 Sq Ft Lot
  • Property fronts a private road
  • Landscaped
  • Level Lot
  • Wooded Lot

HOA Fees

  • $267 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 2,362 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Screened Porch
  • Carpet

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Quartz Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

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

Pool

  • Outdoor Pool
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Storage Shed

Utilities

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

Listing and Financial Details

  • Tax Lot 719

Community Details

Overview

  • Association fees include common electric, common insurance, management, road maintenance, security, tennis courts
  • Corolla Light Resort Association, Phone Number (252) 453-2455
  • Corolla Light Subdivision

Amenities

  • Clubhouse

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,922

Year Built

Built in 1989

Lot Details

0

HOA Fees

$267 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: From NC-12 North, turn right onto Austin Street. Turn right onto Franklyn St, then right onto Morris Drive. 1132 Morris Dr. will be on your left.
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Landscaped, Outside Shower, Screened Porch, Storage Shed, Sun Deck, Dry Entry, Inside Laundry Room
  • Flood Zone: X
  • Headline: Updated Corolla Light Stunner!
  • Heated Sq Ft: 2362
  • L V T Date: 04/12/2022
  • Phase: I
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Zoning: Res
  • Advertised Income 2022: 84275
  • Deed Book Pg Number: 311
  • 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, Washer
  • Bedrooms: 5
  • Countertops: Quartz
  • Electronic Locks: Owned
  • Floor Coverings: Carpet, Vinyl Tile
  • Foundation: Piling, Slab
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Ensuite, Pantry, Washer Connection
  • Optional Rooms: Pantry, Shipswatch

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, Off Street, Under

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Electric, Heat Pump
  • Sewer/Septic System: Community Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Management, Road Maintenance, Security, Tennis Courts
  • Association Amenities: Clubhouse, Health Club, Indoor-Comm. Pool, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Sound Access
  • Association Fee: Yes
  • Estimated Annual Fee: 3200
  • Hoa Contact: Corolla Light Resort
  • HOA Contact: 252-453-2455
  • Home Owner Dwelling Insurance: 4501

Lot Info

  • Estimated Lot Sq Ft: 8928
  • Lot Description: Level, Wooded
  • Lot Number: Lot 719
  • Estimated Lot Size: 0.20
  • Deed Book: 1400

Rental Info

  • Est Annual Rental Income: 84275
  • Estimated Rental Performance: 0.0947
  • Flood Expenses: 950
  • Other Expenses: 900
  • Other Expenses2: 525
  • Rental Co: VRBO
  • Rental Cottage Name: Carolina Belle
  • Rental Cottage Number: 1159706
  • Yearly Expense Actual Estimate: Estimated
  • Annual Cable TV Expense: 1100
  • Annual Electric: 2200
  • Annual Water Expense: 600

Building Info

  • Year Built: 1989

Tax Info

  • Year: 2021
  • Taxes: 2922.35

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2022
Closed on
May 26, 2022
Sold by
Bastarache Alan P and Bastarache Suzanne M
Bought by
Lent Todd Cgarrison
Seller's Agent
Danielle Taylor
Keller Williams - Outer Banks
Buyer's Agent
Chris Keyser
Keller Williams - Outer Banks
List Price
$840,000
Sold Price
$890,000
Premium/Discount to List
$50,000
5.95%
Current Estimated Value
$871,207

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,793
Avg. Annual Appreciation
-0.63%
Original Mortgage
$555,000
Outstanding Balance
$527,296
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$343,911

Purchase Details

Listed on
Feb 14, 2017
Closed on
Mar 23, 2017
Sold by
Powers Brian Edward and Powers Janet Ann
Bought by
Bastarache Alan P and Bastarche Suzanne M
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Greg Green
Village Realty Holdings, LLC - NH
List Price
$389,000
Sold Price
$360,000
Premium/Discount to List
-$29,000
-7.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.09%
Original Mortgage
$324,000
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2013
Sold by
Powers Brian E and Powers Janet A
Bought by
Powers Brian Edward and Powers Janet Ann
Source: Public Records

Range of Values:

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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
Lent Todd Cgarrison $890,000 Evans & Meads Pllc
Bastarache Alan P $360,000 Attorney
Powers Brian Edward -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lent Todd Cgarrison $555,000
Previous Owner Bastarache Alan P $324,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/27/2022 05/27/22 Sold $890,000 +6.0% $377 / Sq Ft
04/12/2022 04/12/22 Pending -- -- --
04/12/2022 04/12/22 For Sale $840,000 +133.3% $356 / Sq Ft
03/22/2017 03/22/17 Sold $360,000 -7.5% $130 / Sq Ft View Prior Sale
02/22/2017 02/22/17 Pending -- -- --
02/14/2017 02/14/17 For Sale $389,000 -- $141 / 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 $3,925 $480,900 $220,000 $260,900
2023 $3,925 $480,900 $220,000 $260,900
2022 $2,933 $480,900 $220,000 $260,900
2021 $2,922 $418,800 $200,000 $218,800
2020 $2,545 $418,800 $200,000 $218,800
2019 $2,540 $418,800 $200,000 $218,800
2018 $2,540 $418,800 $200,000 $218,800
2017 $2,295 $418,800 $200,000 $218,800
2016 $2,295 $418,800 $200,000 $218,800
2015 $2,295 $418,800 $200,000 $218,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 118438

Outer Banks Association of REALTORS®

APN: 115B-000-0719-0000