NOT LISTED FOR SALE

1141 Franklyn St Corolla, NC 27927

Corolla Area

Estimated Value: $1,115,000 - $1,420,000

6 Beds
4.5 Baths
2,980 Sq Ft
$422/Sq Ft Est. Value

Sale Details

Date Sold: February 25, 2021

Last sale price $865,000 $290 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $7,594 / mo

153 Days on Market

Highlights

  • Community Beach Access
  • Ocean View
  • Fiberglass Pool
  • Knotts Island Elementary School Rated 9+
  • Health Club
  • Gated Community

About This Home

As of February 2021

We're not sure what aspect of this home you'll fall in love with first, but we fell hard for the Sea Watch room itself. The juniper-covered walls and ceilings wrap you in warmth while the surrounding large windows afford unending panoramic views of the restless Atlantic Ocean and the stately red-brick Currituck Light. It's the perfect place to drink that first morning cup of coffee or relax after a long day spent either on the beach or exploring the historical village of Corolla. This gorgeous 6-bedroom, 4 1/2-bath has been lovingly maintained with a well-manicured yard, beautiful hardwood floors, a soaring beamed ceiling and cozy fireplace in the great room, vinyl planking in the den and on the stairs, a large private and heated pool and hot tub, a handsomely laid-out kitchen to delight the most discerning cooks, and choice comfy beach decor throughout. There's plenty of space for large families to spread out or come together for those special memory invoking moments. And the amenities are generous in the coveted Corolla Light community - security, trolley, a restaurant, a health club, both indoor and outdoor community pools, outdoor community tennis, racquetball, playground, ocean access (and you're only a stone's throw away), sound access, walkways, common areas and garbage collection. What more could you even ask for? This ocean side gem is your dream come true!

Last Agent to Sell the Property

Sarah Spencer

Keller Williams Outer Banks KDH License #185795 Listed on: 08/06/2020

Keller Williams Outer Banks KDH

Last Buyer's Agent

Terry Cremia

Shore Realty License #204156

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,737

Year Built

  • Built in 1987

Lot Details

  • Property fronts a private road
  • Landscaped
  • Level Lot

HOA Fees

  • $277 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 2,980 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Library
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Parking

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

Pool

  • Fiberglass Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

  • Heat Pump System
  • Municipal Utilities District Water
  • Private Sewer

Listing and Financial Details

  • Tax Lot 110

Community Details

Overview

  • Association fees include management, pool, security, tennis courts, walkways
  • Don Cheek Association, Phone Number (252) 453-3550
  • Corolla Light Subdivision

Amenities

  • Common Area
  • Clubhouse

Recreation

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

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,737

Year Built

Built in 1987

Lot Details

10,019 Sq Ft Lot

HOA Fees

$277 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Extras: Beach Access, Ceiling Fan(s), Common Laundry Area, Covered Decks, Hot Tub, Landscaped, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck
  • Flood Zone: X
  • Subdivision Name: Corolla Light
  • Headline: Wide Open Views!
  • Heated Sq Ft: 2980
  • L V T Date: 08/06/2020
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: 3 - lots from oceanfront (4th row)
  • Zoning: Res
  • Advertised Income 2020: 87596
  • Advertised Income 2021: 91225
  • Deed Book Pg Number: 480
  • 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 w/Ice Maker, Washer, 2nd Refrigerator, Wine Cooler
  • Bedrooms: 6
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood, Vinyl Tile
  • Foundation: Piling
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Ensuite, Skylight, Wet Bar, Wood Fireplace
  • Optional Rooms: Library/Study
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, Fiberglass, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street, Under

Utilities

  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Sewer/Septic System: Private Sewer
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Management, Pool, Security, Tennis Courts, Walkways
  • Association Amenities: Clubhouse, Gated Community, Health Club, Indoor-Comm. Pool, 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: (252) 453-3550
  • Home Owner Dwelling Insurance: 4175

Lot Info

  • Lot Description: Level
  • Lot Number: Lot 110
  • Deed Book: 724

Rental Info

  • Est Annual Rental Income: 91225
  • Estimated Rental Performance: 0.1055
  • Flood Expenses: 741
  • Lease Terms: Weekly
  • Maintenance Expenses: 352
  • Other Insurance Expenses: 211
  • Poolspa Expense: 2500
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Sea Watch 1
  • Rental Cottage Number: K110
  • Rental Phone Number: (252) 457-1111
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 1356
  • Annual Electric: 2799
  • Annual Telephone Expense: 744
  • Annual Water Expense: 1645
  • Rental Contact Email: owner@twiddy.com
  • Rental Contact Name: Jen Kavanaugh
  • Rental Contact Phone: (252) 457-0489

Building Info

  • Year Built: 1987

Tax Info

  • Year: 2019
  • Taxes: 3736.58

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 14, 2024
Sold by
Bought by
Current Estimated Value
$1,256,293

Purchase Details

Listed on
Aug 6, 2020
Closed on
Feb 20, 2021
Sold by
Bought by
Seller's Agent
Sarah Spencer
Keller Williams Outer Banks KDH
Buyer's Agent
Terry Cremia
Shore Realty
List Price
$899,000
Sold Price
$865,000
Premium/Discount to List
-$34,000
-3.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.13%
Original Mortgage
$519,000
Interest Rate
0.027%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Apr 29, 1993
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,250,000 None Listed On Document
$4,325,000 None Listed On Document
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $937,500
Previous Owner $519,000
Previous Owner $236,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/25/2021 02/25/21 Sold $865,000 -3.8% $290 / Sq Ft
01/06/2021 01/06/21 Pending -- -- --
11/25/2020 11/25/20 For Sale $899,000 0.0% $302 / Sq Ft
10/24/2020 10/24/20 Pending -- -- --
08/06/2020 08/06/20 For Sale $899,000 -- $302 / Sq Ft
Source: Outer Banks Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,669 $722,800 $357,500 $365,300
2024 $5,669 $722,800 $357,500 $365,300
2023 $5,087 $722,800 $357,500 $365,300
2022 $4,225 $722,800 $357,500 $365,300
2021 $4,200 $638,400 $325,000 $313,400
2020 $3,737 $638,400 $325,000 $313,400
2019 $3,737 $638,400 $325,000 $313,400
2018 $3,818 $638,400 $325,000 $313,400
2017 $3,464 $638,400 $325,000 $313,400
2016 $3,473 $638,400 $325,000 $313,400
2015 $3,473 $638,400 $325,000 $313,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 110453

Outer Banks Association of REALTORS®

APN: 115B-000-0110-0000

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