NOT LISTED FOR SALE

1136 Franklyn St Corolla, NC 27927

Estimated Value: $1,073,000 - $1,218,000

5 Beds
3.5 Baths
2,782 Sq Ft
$412/Sq Ft Est. Value

Last Sold August 31, 2020

Last sale price $670,000 $241 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $6,629/month

104 Days on Market

Highlights

  • Community Beach Access
  • Health Club
  • Clubhouse
  • Ocean Front
  • Heated In Ground Pool
  • Coastal Architecture

About This Home

As of August 2020

NEW! RAHoy will be installing (2) Air Scrubber Whole House Air Purifiers by Aerus - one for each HVAC system. Information on the Air Scrubber includes the following: “It uses ActivePure Technology and attaches directly to the HVAC system ductwork to remove VOC’s, contaminants, allergens, VIRUSES, dander, odors, dust, resulting a cleaner, healthier and more efficient home. Stop your semi-oceanfront searches now! This home has what you want from the updated kitchen, outstanding views of the ocean, a private gunnite pool, to being a well kept and loved home. The kitchen was remodeled in May of 2018 with all new cabinets, quartz counter tops & most appliances are new as well. New, and good looking, contrasting LTV flooring flows from the kitchen into the dining area and is so comfortable underfoot. March 2018 new mid level ext. heat pump installed. March '17 new carpet installed throughout and new deck railings on both levels were replaced; in 2016 the bathrooms' flooring were replaced; and there have also been 10 windows replaced Original owner has an incredible rental following which has made this home a consistent winner. The entire top level is dedicated to living and the great room, loft and sun room ensure plenty of room for all. All five bedrooms are on the mid level, including 2 masters. and 3 bedrooms have deck access. The private, gunnite pool (salt treated & heater) is a great area and is quiet and peaceful. See and you will appreciate! Corolla Light is an ocean to sound resort community that has the best amenities package on the northern beaches. An Indoor sports center with 2 tennis courts, 8 lane competition pool, hot tub, racquetball, work out room and exercise area. There are 3 oceanfront pools and kiddie pool, sound side pool, nature trails, 9 outdoor tennis courts, trolley system and recreation program in the summer are all available to owner and their guests.

Last Agent to Sell the Property

Denise Graham

Keller Williams - Outer Banks License #190990 Listed on: 03/13/2020

Keller Williams - Outer Banks

Co-Listed By

Eddie Kavanaugh

Keller Williams - Outer Banks License #126307

Last Buyer's Agent

Sarah Spencer

Keller Williams - Outer Banks License #185795

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,667

Year Built

  • Built in 1987

Lot Details

  • Ocean Front
  • Property fronts a private road
  • Landscaped
  • Level Lot

HOA Fees

  • $277 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 2,782 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Living Room
  • Dining Room
  • Screened Porch
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Second Dishwasher
  • Solid Surface Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tax Lot 125

Community Details

Overview

  • Association fees include common electric, common insurance, grounds maintenance, management, road maintenance, security, tennis courts, walkways
  • Don Cheek Association
  • Built by North Beach Builders
  • Corolla Light Subdivision

Amenities

  • Common Area
  • Clubhouse

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,667

Year Built

Built in 1987

Lot Details

7,841 Sq Ft Lot

HOA Fees

$277 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: N on Rt 12 to main Corolla Light entrance. Turn left at Franklyn St and follow all the way around to 1136. Home will be on the right.
  • Extras: Ceiling Fan(s), Covered Decks, Hot Tub, Landscaped, Outside Lighting, Outside Shower, Screened Porch, Smoke Detector(s), Sun Deck, Dry Entry
  • Flood Zone: X
  • Subdivision Name: Corolla Light
  • Headline: Great Home and Views!
  • Heated Sq Ft: 2782
  • L V T Date: 03/13/2020
  • Phase: 2D
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: Res
  • Advertised Income 2020: 75656
  • Deed Book Pg Number: 570
  • Destination Commerce Corp: Yes
  • Major Subdivision: Corolla Light
  • Office License Number: C30917
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher
  • Bedrooms: 5
  • Bedroom 1: On Level: 2
  • Bedroom 2: On Level: 2
  • Bedroom 3: On Level: 2
  • Bedroom 4: On Level: 2
  • Bedroom 5: On Level: 2
  • Kitchen: On Level: 3
  • Countertops: Solid Surface
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Tile, Vinyl Tile
  • Foundation: Piling
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Ensuite, Washer Connection, Wet Bar
  • Dining Room: On Level: 3
  • Living Room: On Level: 3
  • Optional Rooms: Shipswatch
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: North Beach Builders
  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Gunite, Heated, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Grounds Maintenance, Management, Road Maintenance, Security, Tennis Courts, Walkways
  • Association Amenities: Clubhouse, Health Club, Indoor-Comm. Pool, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Racquetball, Sound Access, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 3329
  • Hoa Contact: Don Cheek
  • HOA Contact: Don Cheek

Lot Info

  • Lot Description: Level
  • Lot Number: Lot 125
  • Deed Book: 310

Rental Info

  • Est Annual Rental Income: 77000
  • Estimated Rental Performance: 0.1149
  • Lease Terms: Weekly
  • Rental Co: Vacasa - North
  • Rental Cottage Name: Camelot
  • Rental Cottage Number: 125
  • Rental Phone Number: 252-453-9660
  • Rental Turnover Day: Saturday
  • Rental Contact Name: Phyliss Cole
  • Rental Contact Phone: 252-453-9660

Building Info

  • Year Built: 1987

Tax Info

  • Year: 2019
  • Taxes: 3667

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2020
Closed on
Aug 21, 2020
Sold by
Jones Nancy J
Bought by
Grandisch Gero and Grandisch Ashley E
Seller's Agent
Denise Graham
Keller Williams - Outer Banks
Buyer's Agent
Sarah Spencer
Keller Williams - Outer Banks
List Price
$703,000
Sold Price
$670,000
Premium/Discount to List
-$33,000
-4.69%
Current Estimated Value
$1,145,102

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$475,102
Avg. Annual Appreciation
10.22%
Original Mortgage
$510,400
Outstanding Balance
$449,849
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$695,253

Purchase Details

Closed on
Dec 31, 1899
Bought by
Jones Nancy J
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
Grandisch Gero $670,000 None Available
Jones Nancy J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grandisch Gero $510,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2020 08/31/20 Sold $670,000 -2.9% $241 / Sq Ft
06/25/2020 06/25/20 Pending -- -- --
04/13/2020 04/13/20 Price Changed $690,000 -1.8% $248 / Sq Ft
03/13/2020 03/13/20 For Sale $703,000 -- $253 / Sq Ft
Source: Outer Banks Association of REALTORS®

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 $5,637 $718,300 $357,500 $360,800
2024 $5,637 $718,300 $357,500 $360,800
2023 $5,634 $718,300 $357,500 $360,800
2022 $4,191 $718,300 $357,500 $360,800
2021 $4,186 $624,400 $325,000 $299,400
2020 $3,667 $624,400 $325,000 $299,400
2019 $3,659 $624,400 $325,000 $299,400
2018 $3,659 $624,400 $325,000 $299,400
2017 $3,326 $624,400 $325,000 $299,400
2016 $3,326 $624,400 $325,000 $299,400
2015 $3,326 $624,400 $325,000 $299,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 108726

Outer Banks Association of REALTORS®

APN: 115B-000-0125-0000

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