NOT LISTED FOR SALE

Estimated Value: $1,009,000 - $1,091,000

6 Beds
5.5 Baths
3,462 Sq Ft
$303/Sq Ft Est. Value

Last Sold November 18, 2021

Last sale price $829,000 $239 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $6,253/month

55 Days on Market

Highlights

  • Ocean View
  • Second Refrigerator
  • Cathedral Ceiling
  • In Ground Pool
  • Coastal Architecture
  • Furnished

About This Home

As of November 2021

This spacious rental investment home is just what you need for a perfect OBX beach retreat, complete with an elevator, private pool, hot tub, and just a short walk from beach access, water-sports rentals, restaurants, and great Corolla shops and attractions! Located one lot in from the corner, it has an easy and direct beach access, and ocean views too! It’s also only a short drive to historic Corolla Village and its lighthouse, wildlife center and shops, and to the four-wheel drive area, which includes a wild horse refuge. This lovely home boasts an ideal layout with six large bedrooms, including three master suites so this property can accommodate large groups with ease. Spacious, open, and bright living area with lots of natural light and ocean views with plenty of room to spread out. Gas fireplace, half bath, screened porch, and two dining areas make for the perfect gathering place for everyone to enjoy time together. Large pool (heated/concrete) with plenty of lounging and seating and a bar area too, ideal for those lazy summer afternoons after strolling back from the beach or nearby shopping. Rec room on the ground floor offers a pool table, foosball, wet bar, full fridge, and full bathroom. There's even a volleyball court, basketball, and horseshoes for extra fun! Take in the ocean breezes, views, and sunshine on the spacious decks with great outdoor furniture. All this only steps away from the beautiful Corolla beach! Fantastic rental investment with proven rental history. Virtual tour and more photos coming soon!

Last Agent to Sell the Property

Heather McLay

Landmark Sotheby's International Realty License #188982 Listed on: 08/08/2021

Landmark Sotheby's International Realty

Co-Listed By

Crystal Swain

Twiddy and Company - Corolla License #321765

Last Buyer's Agent

Sarah Pritchard

SAGA Realty and Construction License #310311

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,524

Year Built

  • Built in 2003

Lot Details

  • Landscaped
  • Level Lot

HOA Fees

  • $4 Monthly HOA Fees

Parking

  • Paved Parking

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 3,462 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting
  • Tiki or Chickee Hut

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Private Water Source
  • Well
  • Private or Community Septic Tank

Community Details

  • Whalehead Club Subdivision

Listing and Financial Details

  • Tax Lot 62

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,524

Year Built

Built in 2003

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Heading North on Rt 12 into Corolla. Turn right onto Albacore St Turn left onto Corolla Dr. and the house will be on the left.
  • Extras: Ceiling Fan(s), Covered Decks, Elevator, Hot Tub, Landscaped, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck, Tiki Bar
  • Headline: Ocean views! Close to beach!
  • Heated Sq Ft: 3462
  • L V T Date: 08/08/2021
  • Roads: Paved
  • Sale/Rent: For Sale
  • Section: 14
  • Waterfront Location: More than 5th row
  • Zoning: res
  • Advertised Income 2020: 60475
  • Advertised Income 2021: 58826
  • Deed Book Pg Number: 698
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C4556
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer, 2nd Refrigerator
  • Bedrooms: 6
  • Countertops: Laminate
  • Floor Coverings: Carpet, Tile
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ensuite, Pantry, Some Windows Treated, Washer Connection, Wet Bar
  • Optional Rooms: Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Gunite, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Paved

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Electric, Heat Pump, Zoned
  • Sewer/Septic System: Private Septic
  • Water: Private, Well

Condo/Co-op/Association

  • Association Fee: Voluntary - Restrictive Covenants May Apply
  • Estimated Annual Fee: 45

Lot Info

  • Lot Description: Level
  • Lot Number: Lot 62
  • Deed Book: 1396

Rental Info

  • Lease Terms: Weekly
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Getaway Place
  • Rental Cottage Number: J60802
  • Rental Phone Number: 252-457-1100
  • Rental Turnover Day: Saturday
  • Rental Contact Email: jkavanaugh@twiddy.com
  • Rental Contact Name: Jen Kavanaugh
  • Rental Contact Phone: 252-457-1100

Building Info

  • Year Built: 2003

Tax Info

  • Year: 2021
  • Taxes: 4524.42

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2021
Closed on
Nov 17, 2021
Sold by
Kirby Mary P
Bought by
Farrar Bryan A and Farrar Joan
Seller's Agent
Heather McLay
Landmark Sotheby's International Realty
Buyer's Agent
Sarah Pritchard
SAGA Realty and Construction
List Price
$849,000
Sold Price
$829,000
Premium/Discount to List
-$20,000
-2.36%
Current Estimated Value
$1,064,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$235,900
Avg. Annual Appreciation
6.47%
Original Mortgage
$580,300
Interest Rate
2.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 24, 2016
Closed on
Jan 27, 2017
Sold by
Gpnc Llc
Bought by
Kirby Mary P
Seller's Agent
Martha Springer
Twiddy and Company - Corolla
Buyer's Agent
Heather McLay
Landmark Sotheby's International Realty
List Price
$585,000
Sold Price
$537,500
Premium/Discount to List
-$47,500
-8.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.53%
Original Mortgage
$187,500
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 7, 2015
Sold by
Scibell Kenneth M and Scibell Donna N
Bought by
Gpnc Llc
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
Farrar Bryan A $1,658 Gilreath James R
Kirby Mary P $537,500 Attorney
Gpnc Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farrar Bryan A $612,000
Closed Farrar Bryan A $580,300
Previous Owner Kirby Mary P $182,000
Previous Owner Kirby Mary P $187,500
Previous Owner Scibelli Kenneth M $150,000
Previous Owner Bracey Earl W $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2021 11/18/21 Sold $829,000 -2.4% $239 / Sq Ft
10/02/2021 10/02/21 Pending -- -- --
08/08/2021 08/08/21 For Sale $849,000 +58.0% $245 / Sq Ft
02/13/2017 02/13/17 Sold $537,500 -8.1% $158 / Sq Ft
12/09/2016 12/09/16 Pending -- -- --
04/24/2016 04/24/16 For Sale $585,000 -- $172 / 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 $5,356 $577,300 $125,000 $452,300
2023 $5,356 $577,300 $125,000 $452,300
2022 $4,539 $577,300 $125,000 $452,300
2021 $4,524 $589,700 $160,000 $429,700
2020 $4,594 $589,700 $160,000 $429,700
2019 $4,579 $589,700 $160,000 $429,700
2018 $4,479 $589,700 $160,000 $429,700
2017 $4,166 $589,700 $160,000 $429,700
2016 $4,191 $589,700 $160,000 $429,700
2015 $4,191 $589,700 $160,000 $429,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 115624

Outer Banks Association of REALTORS®

APN: 115A-000-0062-0014