NOT LISTED FOR SALE

Estimated Value: $834,000 - $1,012,000

5 Beds
4.5 Baths
2,642 Sq Ft
$346/Sq Ft Est. Value

Last Sold August 12, 2022

Last sale price $895,000 $339 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,776/month

5 Days on Market

Highlights

  • Community Beach Access
  • Home Theater
  • Clubhouse
  • Health Club
  • In Ground Pool
  • Coastal Architecture

About This Home

As of August 2022

This wonderful 5 BR, 4.5BA oceanside home in Corolla Light feels both secluded and close to the action: perched amongst lush native vegetation, yet just steps from the ocean! The top level is fully dedicated to gathering, with an open-concept kitchen, dining, and living space with plenty of room for your whole group to mingle with ease. The inviting living room is tastefully decorated with coastal touches, with soaring vaulted ceilings and windows throughout. In the kitchen, you'll find timeless granite countertops, stainless appliances, and plentiful storage, as well as a breakfast bar perfect for serving up snacks. The dining area is conveniently attached to the kitchen to make serving and cleanup a breeze. You'll also find a powder room on this level. On the mid-level, you'll find three spacious suites, two sharing a large bath, and one with an en-suite bath. The mid-level also offers expansive covered porches for shaded lounging. The ground floor offers a den/media room with wet bar, the perfect spot for playing board games, working on a puzzle, reading, or having a movie night. You'll also find two additional bedrooms on this level, including a bunk room with en-suite bath, as well as a guest suite with attached bath that is shared with the common area. Take a break from the beach with a quick rinse-off in your outdoor shower, followed by a dip in your private pool, or spend an evening under the stars in your spa. Not only are terrific Corolla attractions, shops, and restaurants just around the corner, you can also take advantage of fantastic community amenities such as indoor and outdoor pools and tennis courts, health club, playground, and much more! Come fall in love with this fantastic home and neighborhood today.

Last Agent to Sell the Property

Danielle Taylor

Keller Williams - Outer Banks License #273134 Listed on: 06/29/2022

Keller Williams - Outer Banks

Last Buyer's Agent

Edith Rowe

Brindley Beach Vacations & Sales-Duck License #188824

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,110

Year Built

  • Built in 2001

Lot Details

  • 6,612 Sq Ft Lot
  • Property fronts a private road
  • Cul-De-Sac

HOA Fees

  • $277 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Cement Board or Planked

Interior Spaces

  • 2,642 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Home Theater

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

  • In Ground Pool
  • Fiberglass Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • 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 15

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,110

Year Built

Built in 2001

Lot Details

0

HOA Fees

$277 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: From 12-North: Turn right on Austin St., then turn right onto Villa Ct. Turn right on Gray Ct.
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Hot Tub, Outside Shower, Sun Deck, Dry Entry, Inside Laundry Room
  • Flood Zone: X
  • Headline: Corolla Light Oceanside Oasis!
  • Heated Sq Ft: 2642
  • L V T Date: 06/29/2022
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: More than 5th row
  • Zoning: Res
  • Advertised Income 2021: 45382
  • Advertised Income 2022: 49552
  • Deed Book Pg Number: 521
  • 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: Granite
  • Electronic Locks: Owned
  • Floor Coverings: Carpet, Ceramic Tile, Vinyl
  • Foundation: Slab
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Ensuite, Washer Connection, Wet Bar, 1st Flr Ensuite
  • Optional Rooms: Media Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Fiberglass, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Parking: Paved, Off Street

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, Security, Tennis Courts
  • Association Amenities: Clubhouse, Health Club, Indoor-Comm. Pool, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Park, Playground, Sound Access
  • Association Fee: Yes
  • Estimated Annual Fee: 3329
  • Hoa Contact: Ben Stikeleather
  • HOA Contact: 252.453.2455
  • Home Owner Dwelling Insurance: 3700

Lot Info

  • Estimated Lot Sq Ft: 6612
  • Lot Description: Cul-de-sac
  • Lot Number: Lot 15
  • Estimated Lot Size: 0.15
  • Deed Book: 1552

Rental Info

  • Est Annual Rental Income: 49552
  • Estimated Rental Performance: 0.0554
  • Lease Terms: Weekly
  • Other Expenses: 662
  • Other Expenses2: 948
  • Poolspa Expense: 2516
  • Rental Co: Managed by Homeowner
  • Rental Cottage Name: Wonderful Life
  • Rental Turnover Day: Friday
  • Total Expenses: 12166
  • Yearly Expense Actual Estimate: Estimated
  • Annual Electric: 2626
  • Annual Water Expense: 1714

Building Info

  • Year Built: 2001

Tax Info

  • Year: 2021
  • Taxes: 3110.46

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2023
Sold by
Ball David E and Ball Angie L
Bought by
1133 Gray Court Llc
Current Estimated Value
$941,083

Purchase Details

Listed on
Jun 29, 2022
Closed on
Aug 12, 2022
Sold by
Mulkey Gordon L and Mulkey Amy D
Bought by
Ball David E and Ball Angie L
Seller's Agent
Danielle Taylor
Keller Williams - Outer Banks
Buyer's Agent
Edith Rowe
Brindley Beach Vacations & Sales-Duck
List Price
$910,000
Sold Price
$895,000
Premium/Discount to List
-$15,000
-1.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.75%
Original Mortgage
$716,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 8, 2020
Closed on
Aug 10, 2020
Sold by
Elzey Emmous G and Elzey Susan O
Bought by
Mulkey Gordon L and Mulkey Amy D
Seller's Agent
Rodney Perry
Brindley Beach Vacations & Sal
Buyer's Agent
Anna Hunt
Brindley Beach Vacations & Sal
List Price
$489,000
Sold Price
$461,825
Premium/Discount to List
-$27,175
-5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.21%
Original Mortgage
$415,642
Interest Rate
3%
Mortgage Type
VA

Purchase Details

Closed on
Jun 22, 2012
Sold by
Hahn Thomas F and Hahn Jennifer O
Bought by
Elzey Emmons G and Elzey Susan O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,000
Interest Rate
3.76%
Mortgage Type
VA

Purchase Details

Closed on
May 20, 2005
Sold by
Fazio Victor H and Fazio Judy Kern
Bought by
Hahn Thomas F and Hahn Jennifer O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
5.8%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
1133 Gray Court Llc -- None Listed On Document
Ball David E $4,475,000 Mann Mcgibney & Jordan
Mulkey Gordon L $462,000 None Available
Elzey Emmons G -- None Available
Hahn Thomas F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ball David E $716,000
Previous Owner Mulkey Gordon L $415,642
Previous Owner Elzey Emmons G $374,000
Previous Owner Hahn Thomas F $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2022 08/12/22 Sold $895,000 -1.6% $339 / Sq Ft
07/04/2022 07/04/22 Pending -- -- --
06/29/2022 06/29/22 For Sale $910,000 +97.0% $344 / Sq Ft
08/12/2020 08/12/20 Sold $461,825 +0.4% $179 / Sq Ft
07/03/2020 07/03/20 Pending -- -- --
06/30/2020 06/30/20 Price Changed $459,900 -6.0% $178 / Sq Ft
06/08/2020 06/08/20 For Sale $489,000 -- $189 / 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 $4,158 $511,400 $192,500 $318,900
2023 $4,158 $511,400 $192,500 $318,900
2022 $3,125 $511,400 $192,500 $318,900
2021 $3,110 $461,000 $175,000 $286,000
2020 $2,789 $461,000 $175,000 $286,000
2019 $2,789 $461,000 $175,000 $286,000
2018 $2,789 $461,000 $175,000 $286,000
2017 $2,531 $461,000 $175,000 $286,000
2016 $2,538 $461,000 $175,000 $286,000
2015 $2,531 $461,000 $175,000 $286,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 119505

Outer Banks Association of REALTORS®

APN: 115B-000-0015-0000