NOT LISTED FOR SALE

1171 Franklyn St Corolla, NC 27927

Corolla Area

Estimated Value: $1,200,000 - $1,343,000

6 Beds
6.5 Baths
3,000 Sq Ft
$414/Sq Ft Est. Value

Sale Details

Date Sold: September 18, 2023

Last sale price $1,163,000 $388 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $7,606 / mo

52 Days on Market

Highlights

  • Community Beach Access
  • Ocean View
  • Tennis Courts
  • Knotts Island Elementary School Rated 9+
  • Health Club
  • Home Theater

About This Home

As of September 2023

A rare find located oceanside in the award winning Corolla Light Resort. This location affords a partial ocean view from the 3rd level sun deck. The home backs up to a community walking path that has a direct to beach access. The current original owners chose highly regarded Renaissance Construction to build this family's beach retreat. Centrally located near all of Corolla Light communities oceanside amenities. This home is generously appointed with hard wood flooring, tiled Kitchen and bath surfaces, solid wood doors, high end trim package, vinyl deck railings & posts. Engineered Board exterior siding for long life. This well maintained 6 BR, 6.5 BA home is spread out on 3 levels. The ground floor has game/entertainment room with a bedroom and adjoining bath to recreation area. The mid level has 4 BR with en-suite baths and access to a comfortable front porch and covered oceanside deck. The top level has an expansive great room, well equipped kitchen, adjoining screen porch with access to a large sundeck. In addition, this is where you will find the King Master Bedroom suite with a jacuzzi tub. Take pleasure in knowing you are well situated in a well built home, within this private ocean to sound community. 1 new Heat Pump/Air Handler 2022, 1 Heat Pump/Air Handler 2015. Water Heater 2022. All new kitchen appliances except refrigerator 2014. Washer/Dryer 2020. Hot tub cover. Exterior painting.

Last Agent to Sell the Property

Ronald Barrett

Brindley Beach Vacations & Sales - Cor License #94054 Listed on: 06/16/2023

Last Buyer's Agent

Jonathan Waddill

Surf or Sound Realty - Rodanthe License #237283

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,380

Year Built

  • Built in 2002

Lot Details

  • Property fronts a private road
  • Lot includes common area
  • Landscaped
  • Level Lot
  • Property is zoned SFO

HOA Fees

  • $305 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 3,000 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Home Theater
  • Game Room
  • Screened Porch
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Garage
  • Carport

Pool

  • In Ground Pool
  • Spa
  • Outdoor Shower
  • Gunite Pool

Outdoor Features

  • Sun Deck
  • Tennis Courts
  • Covered Deck
  • Patio
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tax Lot 217

Community Details

Overview

  • Association fees include common electric, common insurance, grounds maintenance, management, pool, road maintenance, security, tennis courts, walkways
  • Erin@Corolla Light.Com Association, Phone Number (252) 453-2455
  • Built by Renaissance Construction
  • 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

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,380

Year Built

Built in 2002

Lot Details

7,841 Sq Ft Lot

HOA Fees

$305 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Hwy 12 North to Corolla. Turn right onto Austin St. to enter Main Entrance to Corolla Light. Driveway to home is at the beginning of Franklyn Street.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Hot Tub, Indoor Tennis, Jet Tub, Landscaped, Outdoor Tennis, Outside Lighting, Outside Shower, Patio, Screened Porch, Smoke Detector(s), Sun Deck, Dry Entry, Inside Laundry Room
  • Flood Zone: X
  • Subdivision Name: Corolla Light PUD
  • Headline: Well Maintained Oceanside
  • Heated Sq Ft: 3000
  • L V T Date: 06/16/2023
  • Phase: 2B
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: 4 - lots from oceanfront (5th row)
  • Zoning: SFO
  • Advertised Income 2021: 48242
  • Advertised Income 2022: 63297
  • Deed Book Pg Number: 269
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Corolla Light
  • Newpoint Media: Yes
  • Office License Number: C14121
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 6
  • Countertops: Solid Surface
  • Electronic Locks: Owned
  • Floor Coverings: Carpet, Tile, Hardwood
  • Foundation: Piling, Slab
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Walk in Closet, Washer Connection
  • Optional Rooms: Foyer, Game Room, Pantry, Media Room
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: Renaissance Construction
  • Construction: Frame, Wood
  • Exterior: Lap Siding, Composite Siding
  • Pool: Yes
  • Pool: Association
  • Pool Type: Outdoor, In Ground, Gunite, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: 3 + Car, Carport
  • Parking: Paved

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Electric, Forced Air, Heat Pump, Zoned
  • Septic Fee: 1076
  • Sewer/Septic System: Municipal Sewer
  • 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, Playground, Sound Access, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 3662
  • Hoa Contact: erin@corolla-light.com
  • HOA Contact: 252-453-2455

Lot Info

  • Lot Description: Adj. To Common Area, Level
  • Lot Faces: E
  • Lot Number: Lot 217
  • Deed Book: 1596

Rental Info

  • Est Annual Rental Income: 98630
  • Estimated Rental Performance: 0.0848
  • Lease Terms: Weekly
  • Poolspa Expense: 2359
  • Rental Co: Brindley Beach Vacations
  • Rental Cottage Name: Family Affair
  • Rental Cottage Number: 217
  • Rental Phone Number: 252-453-3000
  • Rental Turnover Day: Sat
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 2018
  • Annual Electric: 2359
  • Annual Water Expense: 1442
  • Rental Contact Email: emma@brindleybeach.com
  • Rental Contact Name: Emma Muir
  • Rental Contact Phone: 252-261-2222

Building Info

  • Year Built: 2002

Tax Info

  • Year: 2022
  • Taxes: 4380

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
Jun 16, 2023
Closed on
Aug 28, 2023
Sold by
Bought by
Seller's Agent
Ronald Barrett
Brindley Beach Vacations & Sales - Cor
Buyer's Agent
Jonathan Waddill
Surf or Sound Realty - Rodanthe
List Price
$1,225,000
Sold Price
$1,163,000
Premium/Discount to List
-$62,000
-5.06%
Views
201
Current Estimated Value
$1,243,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,139
Avg. Annual Appreciation
2.37%

Purchase Details

Closed on
Nov 18, 2020
Sold by
Bought by

Purchase Details

Closed on
Oct 14, 2002
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
$5,815,000 None Listed On Document
-- None Available
$299,000 --
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 $450,000
Previous Owner $332,000
Previous Owner $417,000
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
09/18/2023 09/18/23 Sold $1,163,000 -5.1% $388 / Sq Ft
08/07/2023 08/07/23 Pending -- -- --
06/16/2023 06/16/23 For Sale $1,225,000 -- $408 / 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 $6,340 $812,600 $330,000 $482,600
2024 $6,340 $812,600 $330,000 $482,600
2023 $5,246 $752,200 $330,000 $422,200
2022 $4,380 $752,200 $330,000 $422,200
2021 $4,365 $661,700 $300,000 $361,700
2020 $3,873 $661,700 $300,000 $361,700
2019 $3,873 $661,700 $300,000 $361,700
2018 $3,873 $661,700 $300,000 $361,700
2017 $3,513 $661,700 $300,000 $361,700
2016 $3,522 $661,700 $300,000 $361,700
2015 $3,513 $661,700 $300,000 $361,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 122543

Outer Banks Association of REALTORS®

APN: 115B-000-0217-0000

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