Seller's Agent in 2017
Scott Wheeler
Celebration Realty
(757) 775-5115
28 in this area
36 Total Sales
1140 Franklyn St Corolla, NC 27927
Estimated Value: $1,078,000 - $1,115,919
5
Beds
4.5
Baths
3,020
Sq Ft
$364/Sq Ft
Est. Value
Highlights
- Community Beach Access
- Outdoor Pool
- Clubhouse
- Health Club
- Second Refrigerator
- Cathedral Ceiling
About This Home
As of December 2017"Lighthouse Lookout" is a quality vacation home close to the ocean with an easy stroll to the beach access. It features an open kitchen with ceramic tile flooring, two refrigerators and breakfast bar. Just added were stone countertops in the kitchen and breakfast bar. There is a Hot Tub on the top deck. Master bedroom with whirlpool tub and cedar lined closet. Lower level has game room, full bath and laundry room. This home also has 2 carports, 2 outdoor showers and access to all of the Corolla Light amenities. Very spacious inside. Renters love it and it generates close to $50,000 plus in gross income if you add back the two weeks of owners use in August. Priced to sell at less than tax value. This home has been meticulously maintained and would be a perfect second home or vacation rental.
Last Agent to Sell the Property
Celebration Realty License #274905 Listed on: 05/06/2017
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,416
Year Built
- Built in 1992
Lot Details
- Property fronts a private road
- Landscaped
- Level Lot
HOA Fees
- $269 Monthly HOA Fees
Parking
- Paved Parking
Home Design
- Reverse Style Home
- Slab Foundation
- Frame Construction
- Asphalt Shingled Roof
- Wood Siding
- Lap Siding
- Piling Construction
Interior Spaces
- 3,020 Sq Ft Home
- Furnished
- Cathedral Ceiling
- Ceiling Fan
- Gas Fireplace
- Fire and Smoke Detector
Kitchen
- Oven or Range
- Microwave
- Second Refrigerator
- Ice Maker
- Dishwasher
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- En-Suite Primary Bedroom
- Cedar Closet
Laundry
- Dryer
- Washer
Pool
- Outdoor Pool
- Outdoor Shower
- Spa
Outdoor Features
- Sun Deck
- Covered Deck
- Exterior Lighting
Utilities
- Forced Air Zoned Heating and Cooling System
- Heat Pump System
- Municipal Utilities District Water
- Community Sewer or Septic
Listing and Financial Details
- Tax Lot #123
Community Details
Overview
- Association fees include common electric, common insurance, grounds maintenance, management, pool, road maintenance, security, tennis courts
- Corolla Light Subdivision
Amenities
- Clubhouse
Recreation
- Community Boardwalk
- Community Beach Access
- Health Club
- Tennis Courts
- Indoor Tennis Courts
- Racquetball
- Community Playground
- Community Indoor Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 6, 2017
Closed on
Nov 29, 2017
Sold by
Edmond Eric A and Warren Iris T
Bought by
Genovese Michael and Genovese Barbara Lynn
Seller's Agent
Scott Wheeler
Celebration Realty
Buyer's Agent
Chelsea Jordan
Coldwell Banker Seaside Realty KH
List Price
$559,000
Sold Price
$510,000
Premium/Discount to List
-$49,000
-8.77%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$590,480
Avg. Annual Appreciation
9.96%
Original Mortgage
$408,000
Outstanding Balance
$340,709
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$759,771
Purchase Details
Closed on
Oct 24, 2000
Bought by
Edmond Eric A and Warren Robert J
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Genovese Michael | $510,000 | None Available | |
| Edmond Eric A | $422,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Genovese Michael | $408,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/21/2017 12/21/17 | Sold | $510,000 | -6.3% | $169 / Sq Ft |
| 11/17/2017 11/17/17 | Pending | -- | -- | -- |
| 08/01/2017 08/01/17 | Price Changed | $544,000 | -2.7% | $180 / Sq Ft |
| 05/06/2017 05/06/17 | For Sale | $559,000 | -- | $185 / 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 | $5,916 | $747,200 | $357,500 | $389,700 |
| 2024 | $5,916 | $747,200 | $357,500 | $389,700 |
| 2023 | $5,837 | $747,200 | $357,500 | $389,700 |
| 2022 | $4,346 | $747,200 | $357,500 | $389,700 |
| 2021 | $4,218 | $640,800 | $325,000 | $315,800 |
| 2020 | $3,750 | $640,800 | $325,000 | $315,800 |
| 2019 | $3,750 | $640,800 | $325,000 | $315,800 |
| 2018 | $3,750 | $642,300 | $325,000 | $317,300 |
| 2017 | $3,409 | $642,300 | $325,000 | $317,300 |
| 2016 | $3,417 | $642,300 | $325,000 | $317,300 |
| 2015 | $3,409 | $642,300 | $325,000 | $317,300 |
Source: Public Records
Agents Affiliated with this Home
-
Scott Wheeler
-
Chelsea Jordan
Buyer's Agent in 2017
Chelsea Jordan
Coldwell Banker Seaside Realty KH
(252) 207-6659
4 in this area
50 Total Sales
Map
Source: Outer Banks Association of REALTORS®
MLS Number: 96307
APN: 115B-000-0123-0000
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