NOT LISTED FOR SALE

1163 Franklyn St Corolla, NC 27927

Corolla Area

Estimated Value: $711,000 - $842,000

4 Beds
3.5 Baths
2,030 Sq Ft
$379/Sq Ft Est. Value

Sale Details

Date Sold: August 21, 2020

Last sale price $400,000 $197 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $4,739 / mo

205 Days on Market

Highlights

  • Community Beach Access
  • Health Club
  • Gated Community
  • Knotts Island Elementary School Rated 9+
  • Indoor Pool
  • Coastal Architecture

About This Home

As of August 2020

Meticulously maintained Corolla Light home nestled in the Oaks, convenient to the beach and the Corolla Light Resort amenities, enhanced by views of the iconic Currituck Beach Lighthouse. The owners have enjoyed this property both as a second home and as a rental investment (but limiting the season**). Buyers will love how effortless it will be to own this turnkey property. Most importantly the major systems have been updated, and there is a 50-year roof! A reverse floor plan, large sundeck, covered porches, hot tub, and beach walkway directly behind the property are just some of the many features this home has to offer. The upper level is bright and open, has hardwood floors, a private Master en suite, lovely natural Juniper accents, and from the comfortable family room access to a large deck which wraps the east and south sides of the house- perfect for al fresco entertaining or soaking up our beautiful OBX sun. The galley kitchen has all a vacationer needs to create culinary memories with Frigidaire Professional Series stainless appliances and a convenient pantry. There is also a powder bath on this level. The mid-level has 3 more bedrooms (with covered deck/ hot tub access) and two more full baths, as well as the laundry. This is a well-maintained home in a private setting close to the beach with all that an investment or second home buyer could want in the amenity-packed community of Corolla Light. Put this one on your buyer's Must-See list!

Last Agent to Sell the Property

Matt Myatt

Keller Williams Outer Banks KDH License #218707 Listed on: 12/06/2019

Keller Williams Outer Banks KDH

Last Buyer's Agent

Grace Anlauf

Ocean Pearl Realty LLC License #309364

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,128

Year Built

  • Built in 1987

Lot Details

  • 7,841 Sq Ft Lot
  • Property fronts a private road
  • Level Lot

HOA Fees

  • $269 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 2,030 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Window Treatments
  • Entrance Foyer

Kitchen

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

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tax Lot lot #138

Community Details

Overview

  • Association fees include building maintenance, common electric, common insurance, grounds maintenance, management, pool, road maintenance, security, tennis courts
  • Corolla Light Subdivision

Recreation

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

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,128

Year Built

Built in 1987

Lot Details

7,841 Sq Ft Lot

HOA Fees

$269 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Rt12 north to Corolla Light- right onto Austin St- left onto Franklyn. Property is on the right.
  • Extras: Covered Decks, Hot Tub, Jet Tub, Outside Lighting, Outside Shower, Sun Deck
  • Flood Zone: X
  • Headline: Resort Amenities!
  • Heated Sq Ft: 2030
  • L V T Date: 12/06/2019
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: 4 - lots from oceanfront (5th row)
  • Zoning: res
  • Advertised Income 2020: 26780
  • Deed Book Pg Number: 950
  • 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
  • Bedrooms: 4
  • Countertops: Laminate, Solid Surface
  • Floor Coverings: Carpet, Hardwood, Vinyl Tile
  • Foundation: Piling, Slab
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Ensuite, Pantry, Washer Connection
  • Optional Rooms: Foyer
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Shakes, Wood
  • Pool: Yes
  • Pool: Association
  • Pool Type: Indoor, In Ground, Association Pool
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Building Maintenance, Common Electric, Common Insurance, Grounds Maintenance, Management, Pool, Road Maintenance, Security, Tennis Courts
  • Association Amenities: Gated Community, Health Club, Indoor-Comm. Pool, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Park, Playground, Racquetball, Sound Access
  • Association Fee: Yes
  • Estimated Annual Fee: 3232

Lot Info

  • Lot Description: Level
  • Lot Number: lot #138
  • Estimated Lot Size: 0.18
  • Deed Book: 754

Rental Info

  • Est Annual Rental Income: 39452
  • Estimated Rental Performance: 0.0986
  • Lease Terms: Weekly
  • Poolspa Expense: 1000
  • Rental Co: Village Realty
  • Rental Cottage Name: Light Keeper
  • Rental Cottage Number: CL-138
  • Rental Phone Number: 252-453-3335
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 950
  • Annual Electric: 1200
  • Annual Water Expense: 2296
  • Rental Contact Name: Kami Trusz

Building Info

  • Year Built: 1987

Tax Info

  • Year: 2019
  • Taxes: 3128

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

Listed on
Dec 6, 2019
Closed on
Aug 21, 2020
Sold by
Bought by
Seller's Agent
Matt Myatt
Keller Williams Outer Banks KDH
Buyer's Agent
Grace Anlauf
Ocean Pearl Realty LLC
List Price
$399,900
Sold Price
$400,000
Premium/Discount to List
$100
0.03%
Current Estimated Value
$768,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$368,588
Avg. Annual Appreciation
11.73%
Original Mortgage
$200,000
Interest Rate
0.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2004
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
$400,000 None Available
$575,000 --
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 $200,000
Previous Owner $515,000
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
08/21/2020 08/21/20 Sold $400,000 0.0% $197 / Sq Ft
06/28/2020 06/28/20 Pending -- -- --
06/19/2020 06/19/20 For Sale $399,900 0.0% $197 / Sq Ft
05/23/2020 05/23/20 Pending -- -- --
01/29/2020 01/29/20 Price Changed $399,900 -4.8% $197 / Sq Ft
12/06/2019 12/06/19 For Sale $419,900 -- $207 / 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 $3,389 $415,200 $330,000 $85,200
2024 $3,389 $415,200 $330,000 $85,200
2023 $3,373 $415,200 $330,000 $85,200
2022 $2,554 $415,200 $330,000 $85,200
2021 $2,539 $537,800 $300,000 $237,800
2020 $3,128 $537,800 $300,000 $237,800
2019 $3,128 $534,700 $300,000 $234,700
2018 $3,112 $534,700 $300,000 $234,700
2017 $2,824 $534,700 $300,000 $234,700
2016 $2,824 $534,700 $300,000 $234,700
2015 $2,824 $534,700 $300,000 $234,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 107542

Outer Banks Association of REALTORS®

APN: 115B-000-0138-0000

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