NOT LISTED FOR SALE

1189 Franklyn St Corolla, NC 27927

Estimated Value: $1,313,786 - $1,402,000

5 Beds
5.5 Baths
3,393 Sq Ft
$404/Sq Ft Est. Value

Last Sold September 11, 2019

Last sale price $845,000 $249 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $7,977/month

492 Days on Market

Highlights

  • Community Beach Access
  • Health Club
  • Spa
  • Ocean Front
  • Tennis Courts
  • Gated Community

About This Home

As of September 2019

****This listing has been removed from the MLS during the summer. Will return in the Fall**** One of the finest homes in Corolla Light, this house will take your breath away as soon as you enter. A wall of huge two story windows opens to panoramic ocean views. The sophisticated interior design and dramatic color schemes will delight the eye. Top of the line features abound from the flawless oak flooring to the cobalt tile and granite topped gourmet kitchen to the covered Tiki bar downstairs. A house that is full of features including FUN. Lovingly tended for many years as a private retreat, the house has never been rented. There are five bedrooms with 5 and half baths. The second floor blends the kitchen, dining and living areas along with one master bath. The other four bedrooms are upstairs on the top level. This arrangement allows for greater convenience than the traditional reverse floor plan. All bedrooms open up to outdoor decks or balconies. The bathrooms are deluxe, the downstairs master bedroom bath suite has its own washer & dryer along with a sunlit tiled shower room large enough for the whole family (if you dare.) A large screened porch is attached to the dining area. The kitchen is a showplace with beautiful tile work and custom cabinets over blue Silestone countertops. Double wall ovens, icemaker and wine fridge. The outside multilevel decks are enormous and floored with Trex planking. Vinyl handrails, cement board siding, and a “40 year shingle” roof add to the exterior features that are high quality and maintenance free. Two brand new HVAC systems and recently replaced water heater give you peace of mind. Retractable storm shutters protect the northeast side windows and sliding doors. Two large garages provide a place for vehicles or a workshop, game room or utility storage. A Bermuda grass lawn with mature shrubs is irrigated and spacious enough for a private pool. From top to bottom, this house has everything you could want in a seaside vacation home. No updating, upgrading nor maintenance required. This house is ready to enjoy. Entertain family and friends in style in a showplace home in Corolla Light.

Last Agent to Sell the Property

Scott Wheeler

Celebration Realty License #274905 Listed on: 10/16/2017

Last Buyer's Agent

Scott Wheeler

Celebration Realty License #274905 Listed on: 10/16/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,925

Year Built

  • Built in 1994

Lot Details

  • 10,050 Sq Ft Lot
  • Ocean Front
  • Property fronts a private road
  • Landscaped
  • Level Lot
  • Sprinkler System

HOA Fees

  • $269 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 3,393 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Game Room
  • Workshop
  • Screened Porch
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Dishwasher
  • Wine Cooler

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Garage Door Opener

Pool

  • Spa
  • Outdoor Pool
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Tennis Courts
  • Exterior Lighting
  • Tiki or Chickee Hut

Utilities

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

Listing and Financial Details

  • Tax Lot 805

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

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,925

Year Built

Built in 1994

Lot Details

0

HOA Fees

$269 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary
  • Directions: Hwy 12 N, enter Corolla Light Oceanside main gate, then second right on Franklyn Street - go straight, house on left side.
  • Extras: Ceiling Fan(s), Garage Door Opener, Hot Tub, Jet Tub, Landscaped, Lawn Sprinklers, Outdoor Tennis, Outside Lighting, Outside Shower, Screened Porch, Smoke Detector(s), Sun Deck, Tiki Bar
  • Flood Zone: X
  • Subdivision Name: Corolla Light PUD
  • Headline: Show-Stopper in Corolla
  • Heated Sq Ft: 3393
  • L V T Date: 10/16/2017
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Unheated Lvarsf: 472
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: Res
  • Deed Book Pg Number: 425
  • Major Subdivision: Corolla Light
  • Office License Number: C30917
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Refrigerator, Wine Cooler
  • Bedrooms: 5
  • Countertops: Silestone
  • Floor Coverings: Carpet, Ceramic Tile, Wood
  • Foundation: Piling, Slab
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Washer Connection, Wet Bar
  • Optional Rooms: Game Room, Workshop
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Association
  • Pool Type: Association Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 80
  • View: Ocean

Garage/Parking

  • Garage: 2 Car, Attached
  • Garage Sq Ft: 472
  • Parking: Paved

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Electric, Forced Air, Heat Pump, Zoned
  • 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, Board Walk, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 3232
  • Hoa Contact: Don Cheek
  • HOA Contact: 252-453-2455
  • Home Owner Dwelling Insurance: 4322

Lot Info

  • Estimated Lot Sq Ft: 10050
  • Lot Description: Level
  • Lot Number: Lot 805
  • Estimated Lot Size: 0.23
  • Deed Book: 1232

Rental Info

  • Est Annual Rental Income: 82470
  • Estimated Rental Performance: 0.0976
  • Flood Expenses: 383
  • Other Expenses: 2466
  • Rental Co: Twiddy and Company
  • Rental Cottage Number: K805
  • Rental Phone Number: 457-1100
  • Rental Turnover Day: Sat
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 1117
  • Annual Electric: 3442
  • Annual Water Expense: 1562

Building Info

  • Year Built: 1994

Tax Info

  • Year: 2018
  • Taxes: 3924.88

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2017
Closed on
Aug 15, 2019
Sold by
Zubowsky Barbara O and Zubowsky Paul B
Bought by
Isnardi Gene and Isnardi Debra
Seller's Agent
Scott Wheeler
Celebration Realty
Buyer's Agent
Scott Wheeler
Celebration Realty
List Price
$939,000
Sold Price
$845,000
Premium/Discount to List
-$94,000
-10.01%
Current Estimated Value
$1,370,447

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$525,447
Avg. Annual Appreciation
8.00%
Original Mortgage
$425,000
Outstanding Balance
$275,925
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$1,094,522

Purchase Details

Closed on
Apr 22, 2019
Sold by
Zubowsky P Bradford and Zubowsky Barbara O
Bought by
Zubowsky P Bradford and Zubowsky Barbara O

Purchase Details

Closed on
Nov 12, 2012
Sold by
Zubowsky P Bradford and Zubowsky Barbara O
Bought by
Zubowsky P Bradford and Zubowsky Barbara O

Purchase Details

Closed on
Mar 21, 2007
Sold by
Zubowsky Llc
Bought by
Zubowsky Paul B and Zubowsky Barbara O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2007
Sold by
The Zuowsky Llc
Bought by
Zubowsky P Bradford and Zubowsky Barbara O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.27%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Isnardi Gene $845,000 None Available
Zubowsky P Bradford -- None Available
Zubowsky P Bradford -- None Available
Zubowsky P Bradford -- None Available
Zubowsky Paul B -- None Available
Zubowsky P Bradford -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Isnardi Gene $425,000
Previous Owner Zubowsky Paul B $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2019 09/11/19 Sold $845,000 0.0% $249 / Sq Ft
06/12/2019 06/12/19 Off Market $845,000 -- --
05/31/2019 05/31/19 Price Changed $899,000 -4.3% $265 / Sq Ft
03/18/2019 03/18/19 For Sale $939,000 0.0% $277 / Sq Ft
02/20/2019 02/20/19 Pending -- -- --
12/07/2018 12/07/18 For Sale $939,000 +11.1% $277 / Sq Ft
12/03/2018 12/03/18 Off Market $845,000 -- --
10/04/2018 10/04/18 Price Changed $939,000 -1.5% $277 / Sq Ft
06/22/2018 06/22/18 For Sale $953,000 0.0% $281 / Sq Ft
06/22/2018 06/22/18 Price Changed $953,000 +12.8% $281 / Sq Ft
06/09/2018 06/09/18 Off Market $845,000 -- --
02/02/2018 02/02/18 Price Changed $967,000 -2.8% $285 / Sq Ft
10/24/2017 10/24/17 Price Changed $995,000 -5.1% $293 / Sq Ft
10/16/2017 10/16/17 For Sale $1,049,000 -- $309 / 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
2025 $6,320 $833,900 $330,000 $503,900
2024 $6,320 $833,900 $330,000 $503,900
2023 $6,304 $833,900 $330,000 $503,900
2022 $4,689 $833,900 $330,000 $503,900
2021 $4,674 $689,600 $300,000 $389,600
2020 $3,925 $689,600 $300,000 $389,600
2019 $3,925 $689,600 $300,000 $389,600
2018 $3,925 $689,600 $300,000 $389,600
2017 $3,560 $689,600 $300,000 $389,600
2016 $3,560 $689,600 $300,000 $389,600
2015 $3,560 $689,600 $300,000 $389,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 98140

Outer Banks Association of REALTORS®

APN: 115B-000-0805-0000