NOT LISTED FOR SALE

1158 Franklyn St Corolla, NC 27927

Estimated Value: $807,000 - $857,591

4 Beds
4.5 Baths
2,022 Sq Ft
$411/Sq Ft Est. Value

Last Sold March 14, 2022

Last sale price $750,000 $371 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,994/month

6 Days on Market

Highlights

  • Community Beach Access
  • Indoor Pool
  • Clubhouse
  • Health Club
  • Gated Community
  • Coastal Architecture

About This Home

As of March 2022

This IMMACUATLY MAINTAINED home would make a perfect second home or investment property. OVER $52,500 IN RENTAL INCOME FOR 2021 with the owner blocking multiple weeks for themselves to enjoy. Great floorplan with EVERY BEDROOM OFFERING A PRIVATE BATH! The SOARING BEAMED CEILING and beautiful wood accented FIREPLACE wall in the living room is sure to impress. Upgrades include GRANITE COUNTERTOPS in the kitchen, TILE FLOORING in the kitchen and baths, NEWER FLOORING THROUGHOUT the living room and bedrooms and a HOT TUB for relaxing after a day at the beach. VIEWS OF THE CURRITUCK LIGHTHOUSE and within an easy walk to numerous shops and restaurants as well as the Whalehead Club. Corolla Light is known to be the PREMIER COROLLA COMMUNITY. OCEANFRONT COMMUNITY POOL as well as the community playground, tennis courts, basketball, restaurant, and multiple walkways to the beach. In addition to the great ocean side amenities, you can enjoy the SOUND SIDE POOL AND DOCK, SOUND SIDE SPORTS CENTER that features an OLYMPIC SIZE INDOOR POOL, GYM, INDOOR TENNIS COURTS and activities center.

Last Agent to Sell the Property

Tammy Russell

Keller Williams - Outer Banks License #152164 Listed on: 02/16/2022

Keller Williams - Outer Banks

Last Buyer's Agent

Tim Lancsek

Surfside Realty License #210399

Surfside Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,640

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
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Piling Construction

Interior Spaces

  • 2,022 Sq Ft Home
  • Furnished
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Entrance Foyer
  • Screened Porch
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Indoor Pool
  • Concrete Pool
  • In Ground Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water

Listing and Financial Details

  • Tax Lot 119

Community Details

Overview

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

Amenities

  • Common Area
  • Clubhouse

Recreation

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

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,640

Year Built

Built in 1987

Lot Details

0

HOA Fees

$277 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Extras: Ceiling Fan(s), Covered Decks, Hot Tub, Landscaped, Outside Shower, Screened Porch, Smoke Detector(s), Sun Deck, Dry Entry, Inside Laundry Room
  • Flood Zone: X
  • Headline: Immaculately Maintained!
  • Heated Sq Ft: 2022
  • L V T Date: 02/16/2022
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: More than 5th row
  • Zoning: Res
  • Advertised Income 2021: 52824
  • Advertised Income 2022: 43361
  • Deed Book Pg Number: 723
  • 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: 4
  • Countertops: Granite, Solid Surface
  • Floor Coverings: Carpet, Ceramic Tile, Wood Laminate
  • Foundation: Piling
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Beamed Ceiling(s), Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ensuite, Pantry, Washer Connection
  • Optional Rooms: Foyer, Pantry
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Lap Siding
  • Pool: Yes
  • Pool: Association
  • Pool Type: Indoor, Outdoor, In Ground, Concrete, Association Pool
  • Roof: Asphalt/Fiber Shingle

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Electric, Forced Air, Zoned
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Grounds Maintenance, Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
  • Association Amenities: Clubhouse, Gated Community, Health Club, Indoor-Comm. Pool, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Park, Playground, Sound Access, Board Walk, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 3329
  • Hoa Contact: Don Cheek
  • HOA Contact: 2524532455
  • Home Owner Dwelling Insurance: 760

Lot Info

  • Lot Description: Level
  • Lot Number: Lot 119
  • Deed Book: 984

Rental Info

  • Est Annual Rental Income: 52824
  • Estimated Rental Performance: 0.0704
  • Lease Terms: Weekly
  • Rental Co: Brindley Beach Vacations
  • Rental Cottage Name: Sea Sisters
  • Rental Cottage Number: 119
  • Annual Cable TV Expense: 1790
  • Annual Electric: 1852
  • Annual Telephone Expense: 827
  • Annual Water Expense: 1428
  • Rental Contact Email: Emma@brindleybeach.com
  • Rental Contact Name: Emma Muir
  • Rental Contact Phone: 252-253-3123

Building Info

  • Year Built: 1987

Tax Info

  • Year: 2021
  • Taxes: 2640.34

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 2, 2007
Sold by
Suzanne & Denise Llc
Bought by
Schepers Harry J and Schepers Karen G
Current Estimated Value
$830,148

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
Outstanding Balance
$247,112
Interest Rate
6.06%
Mortgage Type
New Conventional
Estimated Equity
$583,036
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
Schepers Harry J $645,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schepers Harry J $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/14/2022 03/14/22 Sold $750,000 +3.5% $371 / Sq Ft
02/22/2022 02/22/22 Pending -- -- --
02/16/2022 02/16/22 For Sale $724,900 -- $359 / 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 $3,581 $432,500 $302,500 $130,000
2023 $3,177 $432,500 $302,500 $130,000
2022 $2,675 $432,500 $302,500 $130,000
2021 $2,640 $383,000 $275,000 $108,000
2020 $2,314 $383,000 $275,000 $108,000
2019 $2,314 $383,000 $275,000 $108,000
2018 $0 $383,000 $275,000 $108,000
2017 $2,102 $383,000 $275,000 $108,000
2016 $2,102 $383,000 $275,000 $108,000
2015 -- $383,000 $275,000 $108,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 117659

Outer Banks Association of REALTORS®

APN: 115B-000-0119-0000