1175 Franklyn St Unit 215 Corolla, NC 27927
Corolla NeighborhoodEstimated Value: $1,403,000 - $1,750,000
5
Beds
6.5
Baths
4,543
Sq Ft
$339/Sq Ft
Est. Value
Highlights
- Community Beach Access
- Heated In Ground Pool
- Clubhouse
- Health Club
- Gated Community
- Coastal Architecture
About This Home
As of October 2020This iconic home in Corolla Light is available now after years of private family enjoyment. It is in outstanding condition, always pampered and never rented. With 5 bedrooms, 6.5 bathrooms and luxury features throughout, this house will be a welcome find for a buyer looking for a premium beach home. Upon entering the front door, a dramatic foyer and staircase leads into a spacious interior of more than 4500 square feet on three floors. There are four bedrooms on the mid-level, most opening up to an outside deck. A study with built-in cherry cabinets and desk serves as a home office and could be converted to an additional sixth bedroom. On the covered deck is a hot-tub. Upstairs, the top floor living area is an open layout with cathedral ceilings and light filled windows. Oak hardwood floors and oversized ceramic tiles blend the kitchen and dining areas with the great room and loft. There is a gas fireplace with custom oak mantle and built-in cabinets. The upstairs living space is crowned with a shipswatch where guests can get a view of the ocean. Refreshments are nearby with a wet-bar, icemaker and fridge. The deluxe kitchen has custom cabinetry, granite countertops, and double sinks. The stainless-steel appliances are top of the line and include a gas range, double wall ovens, and oversize refrigerator. The master bedroom suite on this floor includes a large bathroom area with a beautiful tiled shower and designer sinks. On the ground level are two large tiled recreation rooms including a media room with wet-bar and a separate game room with full-size billiard table. A large garage provides a place for a vehicle, workshop and storage. On the first level is a full bathroom with shower to service this floor and connect to the outside swimming pool area. The backyard is a picture-perfect oasis where guests can swim, cook-out, and unwind. There is a built-in grill, and heated pool surrounded by a handsome paver deck. Colorful flowers from selected perennials and bushes are everywhere creating a lush outdoor space for relaxing and entertaining. The beach is a short walk away as are shops, restaurants and historic attractions. Located in the Corolla Light community, the home benefits from a long list of amenities offered. Residents and their guests can use the indoor sports center which is open year-round with its Olympic-sized pool, exercise rooms, and indoor tennis courts. The community’s Oceanfront Complex has a restaurant, two swimming pools, playground, beach access and more. Security and trolley service are provided. Make an appointment to see this very special home in Corolla.
Last Agent to Sell the Property
Celebration Realty License #274905 Listed on: 07/20/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,292
Year Built
- Built in 1989
Lot Details
- Property fronts a private road
- Fenced Yard
- Landscaped
- Level Lot
- Sprinkler System
HOA Fees
- $277 Monthly HOA Fees
Home Design
- Coastal Architecture
- Contemporary Architecture
- Slab Foundation
- Frame Construction
- Asphalt Shingled Roof
- Wood Siding
- Shake Siding
- Piling Construction
Interior Spaces
- 4,543 Sq Ft Home
- Wet Bar
- Furnished
- Cathedral Ceiling
- Ceiling Fan
- Gas Fireplace
- Window Treatments
- Entrance Foyer
- Library
- Loft
Kitchen
- Built-In Oven
- Built-In Range
- Microwave
- Ice Maker
- Dishwasher
- Wine Cooler
- Granite Countertops
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- En-Suite Primary Bedroom
- Cedar Closet
Laundry
- Dryer
- Washer
Home Security
- Storm Doors
- Fire and Smoke Detector
Parking
- Garage
- Carport
- Garage Door Opener
Pool
- Heated In Ground Pool
- Outdoor Pool
- Vinyl Pool
- Outdoor Shower
- Spa
Outdoor Features
- Sun Deck
- Covered Deck
- Patio
- Storage Shed
Utilities
- Zoned Cooling
- Heat Pump System
- Fuel Tank
- Municipal Utilities District for Water and Sewer
Community Details
Overview
- Association fees include common insurance, management, pool, road maintenance, security, tennis courts, walkways
- Don Cheek Association
- 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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 20, 2020
Closed on
Oct 26, 2020
Sold by
Hotchkiss Carter W and Hotchkiss Elizabeth Chandler
Bought by
Hager Mary K
Seller's Agent
Scott Wheeler
Celebration Realty
Buyer's Agent
Terry Cremia
Shore Realty
List Price
$939,000
Sold Price
$940,000
Premium/Discount to List
$1,000
0.11%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$600,534
Avg. Annual Appreciation
11.42%
Original Mortgage
$705,000
Outstanding Balance
$633,049
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$921,085
Purchase Details
Closed on
Aug 31, 2010
Sold by
Hotchkiss Carter W and Williams Fielding L
Bought by
Hotchkiss Carter W and Williams Fielding L
Purchase Details
Closed on
Jun 30, 2010
Sold by
Hotchkiss Carter W and Hotchkiss Elizabeth A
Bought by
Hotchkiss Carter W and Hotchkiss Elizabeth A
Similar Homes in Corolla, NC
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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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hager Mary K | $940,000 | None Available | |
| Hotchkiss Carter W | -- | None Available | |
| Hotchkiss Carter W | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hager Mary K | $705,000 | |
| Previous Owner | Hotchkiss Carter W | $368,000 | |
| Previous Owner | Hotchkiss Carter W | $417,000 | |
| Previous Owner | Hotchkiss Carter W | $454,000 | |
| Previous Owner | Hotchkiss Carter W | $250,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/26/2020 10/26/20 | Sold | $940,000 | +0.1% | $207 / Sq Ft |
| 08/26/2020 08/26/20 | Pending | -- | -- | -- |
| 08/24/2020 08/24/20 | For Sale | $939,000 | 0.0% | $207 / Sq Ft |
| 08/24/2020 08/24/20 | Price Changed | $939,000 | -1.1% | $207 / Sq Ft |
| 07/24/2020 07/24/20 | Pending | -- | -- | -- |
| 07/20/2020 07/20/20 | For Sale | $949,000 | -- | $209 / Sq Ft |
Source: Outer Banks Association of REALTORS®
Tax History Compared to Growth
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 | $7,058 | $920,200 | $330,000 | $590,200 |
| 2023 | $7,058 | $920,200 | $330,000 | $590,200 |
| 2022 | $5,237 | $920,200 | $330,000 | $590,200 |
| 2021 | $5,221 | $758,900 | $300,000 | $458,900 |
| 2020 | $4,292 | $758,900 | $300,000 | $458,900 |
| 2019 | $4,292 | $758,900 | $300,000 | $458,900 |
| 2018 | $0 | $758,900 | $300,000 | $458,900 |
| 2017 | $3,893 | $758,900 | $300,000 | $458,900 |
| 2016 | $3,893 | $758,900 | $300,000 | $458,900 |
| 2015 | $3,893 | $758,900 | $300,000 | $458,900 |
Source: Public Records
Agents Affiliated with this Home
-
Scott Wheeler
Seller's Agent in 2020
Scott Wheeler
Celebration Realty
(757) 775-5115
38 in this area
46 Total Sales
-
Terry Cremia
Buyer's Agent in 2020
Terry Cremia
Shore Realty
(252) 207-3111
15 in this area
105 Total Sales
Map
Source: Outer Banks Association of REALTORS®
MLS Number: 110203
APN: 115B-000-0215-0000
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