NOT LISTED FOR SALE

1167 Franklyn St Corolla, NC 27927

Estimated Value: $952,836 - $1,087,000

4 Beds
3.5 Baths
2,515 Sq Ft
$397/Sq Ft Est. Value

Last Sold February 24, 2017

Last sale price $480,000 $191 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $5,814/month

8 Days on Market

Highlights

  • Community Beach Access
  • Indoor Pool
  • Clubhouse
  • Health Club
  • Gated Community
  • Cathedral Ceiling

About This Home

As of February 2017

Steps to Corolla's amazing Beach! All new interior paint and no more popcorn ceilings! The perfect blend of coastal cottage chic. Entertain and cook for friends and family in the gorgeous new modern kitchen with all new stainless appliances, granite counters, custom tile backsplash and professional stainless sink. New Laminate wood floors bring warmth and classic current design trend to the entire top floor living area with ease of maintenance. The spacious great room offers fresh new furnishings with fun, tasteful splashes of color. The new SS wine cooler is ready for filling with your favorite vintages. Ascend up the stairs to the old school ships watch. This sunny, sweet spot is ideal to kick back and enjoy your favorite novel, coffee and a bit of an ocean view from this room reminds you that you are just steps to the boardwalk beach access and gazebo. Blissful morning and evening beach walks, sandcastle building, surfing and fishing are just a few steps away. Just off the dining area is an additional den/study. This room, is perfect for the sports fan catching their favorite team game or even for the kiddos to have a private movie/cartoon room. A half bath is located on the top floor for convenience. Top level deck access from the dining and family room lead to expansive deck space for soaking in the sun or just breathing in the salty ocean air. The main tiled entry foyer leads to all four spacious bedrooms and two full baths. The master offers an expansive ensuite with jet tub and separate shower. When is the last time you got to enjoy a REAL bubble bath? There are several owner lockups and a dry entry/storage on the lower level.. Tons of parking and a direct path behind the home leads to the breathtaking beach access depicted in the photos. In addition to this homes unique features, the Corolla Light community offers unsurpassable and award winning amenities.

Last Agent to Sell the Property

Whitney Hawkins

Brindley Beach Vacations & Sales - Cor License #187617 Listed on: 01/05/2017

Brindley Beach Vacations & Sales - Cor

Co-Listed By

Winston Hawkins

Brindley Beach Vacations & Sales - Cor License #188274

Last Buyer's Agent

Danielle Taylor

Keller Williams - Outer Banks License #273134

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,063

Year Built

  • Built in 1987

Lot Details

  • Property fronts a private road
  • Landscaped
  • Level Lot

HOA Fees

  • $269 Monthly HOA Fees

Home Design

  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Piling Construction

Interior Spaces

  • 2,515 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Library
  • Loft
  • Utility Room
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Off-Street Parking

Pool

  • Indoor Pool
  • In Ground Pool
  • Outdoor Shower

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 140

Community Details

Overview

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

Amenities

  • Common Area
  • Clubhouse

Recreation

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

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,063

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
  • Directions: Turn into COROLLA LIGHT go to stop sign (Franklyn) Make Left, home is 3rd on the right.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Jet Tub, Landscaped, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck, Dry Entry
  • Flood Zone: VE, X
  • Subdivision Name: Corolla Light P.U.D.
  • Headline: All New Interior Paint!
  • Heated Sq Ft: 2515
  • L V T Date: 01/05/2017
  • Phase: 2B
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: 4 - lots from oceanfront (5th row)
  • Zoning: res
  • Deed Book Pg Number: 701
  • Major Subdivision: Corolla Light
  • Office License Number: C17921
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, Wine Cooler
  • Bedrooms: 4
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Tile, Vinyl, Wood Laminate, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Some Windows Treated, Washer Connection, Wood Fireplace
  • Optional Rooms: Foyer, Library/Study, Loft, Pantry, Utility Room, Shipswatch
  • Partial Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: 1 Car, Carport
  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Grounds Maintenance, Management, Pool, Tennis Courts, Walkways
  • Association Amenities: Clubhouse, Gated Community, Health Club, Indoor-Comm. Pool, Indoor-Off Site Pool, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Park, Playground, Sound Access, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 3232
  • Home Owner Dwelling Insurance: 5985

Lot Info

  • Lot Description: Level
  • Lot Faces: W
  • Lot Number: Lot 140
  • Deed Book: 1160

Rental Info

  • Est Annual Rental Income: 30424
  • Estimated Rental Performance: 0.0634
  • Flood Expenses: 2259
  • Lease Terms: Weekly
  • Rental Co: Vacasa - North
  • Rental Cottage Name: Connecticut Whaler
  • Rental Cottage Number: 140
  • Rental Turnover Day: Saturday
  • Annual Electric: 2600

Building Info

  • Year Built: 1987

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2016
  • Taxes: 3063.36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2017
Closed on
Feb 23, 2017
Sold by
Gfeller Charles F and Gfeller Alena C
Bought by
Pellegrino Andrew P and Pellegrino Andrea W
Seller's Agent
Whitney Hawkins
Brindley Beach Vacations & Sales - Cor
Buyer's Agent
Danielle Taylor
Keller Williams - Outer Banks
List Price
$510,000
Sold Price
$480,000
Premium/Discount to List
-$30,000
-5.88%
Current Estimated Value
$997,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$517,209
Avg. Annual Appreciation
8.43%

Purchase Details

Closed on
Apr 29, 2011
Sold by
Fox Larry R and Fox Barbara S
Bought by
Gfeller Charles F and Gfeller Alena C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$411,300
Interest Rate
4.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2005
Sold by
Fox Barbara S
Bought by
Fox Larry R
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

Date Buyer Sale Price Title Company
Pellegrino Andrew P $480,000 Attorney
Gfeller Charles F $457,000 None Available
Fox Larry R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gfeller Charles F $411,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2017 02/24/17 Sold $480,000 -5.9% $191 / Sq Ft
01/13/2017 01/13/17 Pending -- -- --
01/05/2017 01/05/17 For Sale $510,000 -- $203 / 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 $5,071 $655,400 $330,000 $325,400
2024 $5,071 $655,400 $330,000 $325,400
2023 $5,055 $655,400 $330,000 $325,400
2022 $3,779 $655,400 $330,000 $325,400
2021 $3,855 $571,200 $300,000 $271,200
2020 $3,376 $571,200 $300,000 $271,200
2019 $3,369 $571,200 $300,000 $271,200
2018 $0 $571,200 $300,000 $271,200
2017 $3,057 $571,200 $300,000 $271,200
2016 $3,063 $571,200 $300,000 $271,200
2015 $3,057 $571,200 $300,000 $271,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 94730

Outer Banks Association of REALTORS®

APN: 115B-000-0140-0000

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