NOT LISTED FOR SALE

564 White Whale Way Corolla, NC 27927

Estimated Value: $556,000 - $692,000

4 Beds
2 Baths
1,097 Sq Ft
$563/Sq Ft Est. Value

Last Sold January 15, 2019

Last sale price $300,000 $273 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $3,648/month

59 Days on Market

Highlights

  • Community Beach Access
  • Cathedral Ceiling
  • Tennis Courts
  • Ocean View
  • Furnished
  • Covered Deck

About This Home

As of January 2019

LOCATION, OCEAN VIEWS AND 11% ROI! This 4 bedroom, 2 bathroom cottage features updated kitchen and bathrooms, new furnishings and decor, OCEAN VIEWS, and is so close to beach access!! The top level features open-concept living space with vaulted ceilings and ocean views, a master bedroom with ocean views, full bathroom (recently updated with new floors and fixtures), and kitchen. The kitchen has a new backsplash, new countertops, new sink and more. There is a large deck spanning the entire east-facing side of the home, allowing plenty of space to take in the ocean views and smell the salt air. The lower level features three bedrooms, another full bath (also renovated), and another long span of shaded, covered porch, and a cozy hammock nook. The ground level features an outdoor shower, storage space, laundry and utility room, and pathway to the street. It's elevated, so it's high and dry in the x-flood zone, meaning that a lender won't require flood insurance, and no history of standing water during the big storms. The owners have done well renting the home on their own, and a property management projection estimates 36k in gross rent. That's an 11% ROI. This one is a gem in every way: location, character, views and rental potential.

Last Agent to Sell the Property

Jeanne-Marie DeStefano

Keller Williams - Outer Banks License #282161 Listed on: 09/05/2018

Keller Williams - Outer Banks

Last Buyer's Agent

Steven Gross

Twiddy and Company - Corolla License #288399

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,407

Year Built

  • Built in 1983

Lot Details

  • 7,405

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Piling Construction

Interior Spaces

  • 1,097 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ocean Views
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Outdoor Shower
  • Covered Deck

Utilities

  • Central Air
  • Heat Pump System
  • Municipal Utilities District Water
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot 248

Community Details

Overview

  • Association fees include road maintenance, sewer/septic, tennis courts, walkways
  • Ocean Sands HOA
  • Ocean Sands Subdivision

Recreation

  • Community Beach Access
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,407

Year Built

Built in 1983

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Class: RESIDENTIAL
  • Directions: Coming from NC 12 turn east into Ocean Sands section D, second left onto White Whale Way, house is on the left.
  • Extras: Covered Decks, Outside Shower, Outside Laundry Room
  • Flood Zone: X
  • Headline: Ocean views,so close to beach!
  • Heated Sq Ft: 1097
  • L V T Date: 09/05/2018
  • Roads: Paved
  • Sale/Rent: For Sale
  • Waterfront Location: 3 - lots from oceanfront (4th row)
  • Zoning: res
  • Deed Book Pg Number: 336
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Ocean Sands
  • Newpoint Media: Yes
  • Office License Number: C15442
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Foundation: Piling
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Washer Connection

Exterior Features

  • Construction: Frame
  • Exterior: Lap Siding
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Road Maintenance, Sewer/Septic, Tennis Courts, Walkways
  • Association Amenities: Ocean Access, Outdoor-Comm. Tennis
  • Association Fee: Yes
  • Estimated Annual Fee: 600
  • Hoa Contact: Ocean Sands HOA
  • Home Owner Dwelling Insurance: 514

Lot Info

  • Lot Number: Lot 248
  • Deed Book: 1366

Rental Info

  • Est Annual Rental Income: 36145
  • Estimated Rental Performance: 0.1205
  • Other Expenses: 120
  • Rental Co: Managed by Homeowner
  • Annual Electric: 1317
  • Annual Water Expense: 610

Building Info

  • Year Built: 1983

Tax Info

  • Year: 2018
  • Taxes: 2407

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2018
Closed on
Jan 4, 2019
Sold by
Warren William C and Warren Lindsay H
Bought by
Fennimore Elizabeth J
Seller's Agent
Jeanne-Marie DeStefano
Keller Williams - Outer Banks
Buyer's Agent
Steven Gross
Twiddy and Company - Corolla
List Price
$319,000
Sold Price
$300,000
Premium/Discount to List
-$19,000
-5.96%
Current Estimated Value
$617,685

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,685
Avg. Annual Appreciation
11.29%
Original Mortgage
$268,000
Outstanding Balance
$236,574
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$381,112

Purchase Details

Listed on
Mar 10, 2016
Closed on
May 27, 2016
Sold by
Dunlap William H and Dunlap Diane P
Bought by
Warren William C and Warren Lindsay H
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Jeanne-Marie DeStefano
Keller Williams - Outer Banks
List Price
$297,500
Sold Price
$280,000
Premium/Discount to List
-$17,500
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.65%
Original Mortgage
$252,000
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 2002
Bought by
Dunlap, William H Trustee
Source: Public Records

Range of Values:

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Average Value
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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
Fennimore Elizabeth J $299,000 None Available
Warren William C $280,000 Attorney
Dunlap, William H Trustee $224,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fennimore Elizabeth J $268,000
Previous Owner Warren William C $252,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/15/2019 01/15/19 Sold $300,000 -6.0% $273 / Sq Ft
11/03/2018 11/03/18 Pending -- -- --
09/05/2018 09/05/18 For Sale $319,000 +13.9% $291 / Sq Ft
05/27/2016 05/27/16 Sold $280,000 -5.9% $255 / Sq Ft View Prior Sale
04/20/2016 04/20/16 Pending -- -- --
03/10/2016 03/10/16 For Sale $297,500 -- $270 / 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
2024 $3,874 $312,800 $190,000 $122,800
2023 $3,874 $312,800 $190,000 $122,800
2022 $2,865 $312,800 $190,000 $122,800
2021 $2,532 $299,600 $180,000 $119,600
2020 $2,376 $299,600 $180,000 $119,600
2019 $2,372 $299,600 $180,000 $119,600
2018 $2,403 $299,600 $180,000 $119,600
2017 $2,226 $299,600 $180,000 $119,600
2016 $1,988 $299,600 $180,000 $119,600
2015 $1,838 $299,600 $180,000 $119,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 101909

Outer Banks Association of REALTORS®

APN: 126A-000-0248-000D