NOT LISTED FOR SALE

1156 Franklyn St Corolla, NC 27927

Estimated Value: $826,390 - $959,000

4 Beds
3.5 Baths
2,139 Sq Ft
$409/Sq Ft Est. Value

Last Sold May 13, 2021

Last sale price $615,000 $288 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $5,159/month

21 Days on Market

Highlights

  • Community Beach Access
  • Indoor Pool
  • Clubhouse
  • Health Club
  • Gated Community
  • Furnished

About This Home

As of May 2021

This is the home you have been waiting for. Sweet four bedroom, lovingly used by the Owners with occasional rental. Whether you choose to use it yourself, or rent it more often, this is close to community activities, a short walk to the beach and a hop, skip and jump to the shopping center (think ice cream for the kids!). Watch 4th of July fireworks from the porch, or walk over to the lighthouse. The community has fabulous amenities: indoor pool, 3 outdoor pools, tennis, pickle ball, fitness center just to name a few. Make this your vacation home!! Visit the 3D virtual tour at https://my.matterport.com/show/?m=no6AhbAA8so&mls=1

Last Agent to Sell the Property

Karen DelVacchio

Basnight Realty License #222123 Listed on: 03/23/2021

Last Buyer's Agent

Matt Myatt

Keller Williams - Outer Banks License #218707

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,731

Year Built

  • Built in 1987

Lot Details

  • Property fronts a private road

HOA Fees

  • $277 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 2,139 Sq Ft Home
  • Wet Bar
  • Furnished
  • Gas Fireplace
  • Window Treatments
  • Game Room

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • Tuck Under Parking
  • Off-Street Parking

Pool

  • Indoor Pool
  • Outdoor Pool
  • Outdoor Shower

Outdoor Features

  • Covered Deck
  • Exterior Lighting

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Fuel Tank
  • Municipal Utilities District for Water and Sewer

Listing and Financial Details

  • Tax Lot 118

Community Details

Overview

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

Recreation

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

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,731

Year Built

Built in 1987

Lot Details

0

HOA Fees

$277 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Extras: Covered Decks, Outside Lighting, Outside Shower, Dry Entry
  • Flood Zone: X
  • Subdivision Name: Corolla Light PUD
  • Headline: HIDDEN GEM>>>WAITING FOR YOU!
  • Heated Sq Ft: 2139
  • L V T Date: 03/23/2021
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Zoning: R
  • Advertised Income 2020: 9845
  • Advertised Income 2021: 32697
  • Deed Book Pg Number: 31
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Corolla Light
  • Newpoint Media: Yes
  • Office License Number: C26996
  • 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
  • Bedrooms: 4
  • Countertops: Laminate
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Ceramic Tile, Wood Laminate
  • Foundation: Piling
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Washer Connection, Wet Bar
  • Optional Rooms: Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Association
  • Pool Type: Indoor, Outdoor, Association Pool
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Parking: Off Street, Under

Utilities

  • Cooling: Heat Pump, Zoned
  • Heating: Heat Pump, Zoned
  • Fuel Tanks: Leased
  • Sewer/Septic System: Municipal Sewer
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Grounds Maintenance, Management, Pool, Security, Tennis Courts
  • Association Amenities: Clubhouse, Gated Community, Health Club, Indoor-Comm. Pool, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Racquetball
  • Association Fee: Yes
  • Estimated Annual Fee: 3329
  • Hoa Contact: Corolla Light Community Assoc
  • HOA Contact: (252) 453-2455

Lot Info

  • Lot Number: Lot 118
  • Deed Book: 1142

Rental Info

  • Est Annual Rental Income: 32697
  • Estimated Rental Performance: 0.0532
  • Lease Terms: Weekly
  • Rental Co: Village Realty
  • Rental Cottage Number: CL 118
  • Rental Phone Number: 252.480.2224
  • Rental Turnover Day: Sunday
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 1802
  • Annual Electric: 1085
  • Annual Water Expense: 1197
  • Rental Contact Name: Alyssa McDonald
  • Rental Contact Phone: 2424802224

Building Info

  • Year Built: 1987

Tax Info

  • Year: 2020
  • Taxes: 2730.79

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2022
Sold by
Healy Mary Kathleen T
Bought by
Sailors Rest Llc
Current Estimated Value
$874,348

Purchase Details

Listed on
Mar 23, 2021
Closed on
May 10, 2021
Sold by
Grabski Michael E and Grabski Judith A
Bought by
Healy Michael K and Healy Mary Kathleen
Seller's Agent
Karen DelVacchio
Basnight Realty
Buyer's Agent
Matt Myatt
Keller Williams - Outer Banks
List Price
$580,000
Sold Price
$615,000
Premium/Discount to List
$35,000
6.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.77%

Purchase Details

Closed on
Sep 22, 2010
Sold by
Grabski Michael E and Grabski Judith A
Bought by
Grabski Michael E and Grabski Judith A

Purchase Details

Closed on
Nov 5, 2009
Sold by
Raso Frank and Raso Terri L
Bought by
Grabski Michael E and Grabski Judith A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.92%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Sailors Rest Llc -- New Title Company Name
Sailors Rest Llc -- New Title Company Name
Healy Michael K $615,000 None Available
Grabski Michael E -- None Available
Grabski Michael E $521,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Grabski Michael E $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/13/2021 05/13/21 Sold $615,000 +6.0% $288 / Sq Ft
04/13/2021 04/13/21 Pending -- -- --
04/10/2021 04/10/21 For Sale $580,000 0.0% $271 / Sq Ft
03/27/2021 03/27/21 Pending -- -- --
03/23/2021 03/23/21 For Sale $580,000 -- $271 / 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
2025 $4,262 $528,500 $302,500 $226,000
2024 $4,246 $528,500 $302,500 $226,000
2023 $3,798 $528,500 $302,500 $226,000
2022 $3,195 $528,500 $302,500 $226,000
2021 $3,174 $464,300 $275,000 $189,300
2020 $2,731 $464,300 $275,000 $189,300
2019 $2,731 $464,300 $275,000 $189,300
2018 $2,731 $464,300 $275,000 $189,300
2017 $2,479 $464,300 $275,000 $189,300
2016 $2,479 $464,300 $275,000 $189,300
2015 $2,479 $464,300 $275,000 $189,300
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 113468

Outer Banks Association of REALTORS®

APN: 115B-000-0118-0000