NOT LISTED FOR SALE

806 Corolla Dr Corolla, NC 27927

Estimated Value: $941,000 - $2,373,000

6 Beds
4.5 Baths
4,032 Sq Ft
$327/Sq Ft Est. Value

Last Sold May 11, 2023

Last sale price $870,000 $216 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $7,001/month

70 Days on Market

Highlights

  • Community Beach Access
  • Second Refrigerator
  • Main Floor Bedroom
  • In Ground Pool
  • Traditional Architecture
  • Furnished

About This Home

As of May 2023

Spacious 6-bedroom traditional style home located in the desired Whalehead Club neighborhood of Corolla just minutes to the beach! This gently used second home has all of the amenities you or guests could want including a private pool with ample space for seating and lounging, a pergola, a covered area for shade, a hot tub, and a game room! The grassy area in the backyard is large enough for a volleyball court or other outdoor games! The outdoor space also has an outdoor shower, an additional bathroom, and more storage! The first level features a sizable den with a gas fireplace and a fully equipped kitchen with plenty of room to prepare a meal and entertain family or guests. There are two bedrooms on the first level, a full bath, a laundry room with extra storage, and a game room with a pool table, foosball table, large sectional couch and TV, and two owners' closets. The second level boasts a spacious primary bedroom with an ensuite bath, a large walk-in cedar closet, and a private sun porch. There are two additional bedrooms on the second level with a jack-and-jill bathroom. The room over the game room features 2 sets of bunk beds, plus an additional bed, and a full bathroom. You will love how spacious all of the rooms are in this house! While currently used as a second home, this property could be a rental machine with a projected rental income of up to $111,000 which is a 12% Gross Rental Return. This property has it all and is a perfect second home, investment property, or primary home! New HVAC in 2022.

Last Agent to Sell the Property

Heather Sakers

Coldwell Banker Seaside Realty KH License #255119 Listed on: 02/02/2023

Coldwell Banker Seaside Realty KH

Co-Listed By

Ann Taylor Lusk

Coldwell Banker Seaside Realty KH License #309078

Last Buyer's Agent

Alex Argiroff

Keller Williams - Outer Banks License #176145

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,766

Year Built

  • Built in 1997

Lot Details

  • Fenced Yard
  • Level Lot
  • Sprinkler System
  • Property is zoned SFO

HOA Fees

  • $4 Monthly HOA Fees

Parking

  • Paved Parking

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Construction Material

Interior Spaces

  • 4,032 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Gas Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Game Room
  • Intercom

Kitchen

  • Built-In Oven
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

  • Central Air
  • Heating Available
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Listing and Financial Details

  • Tax Lot 64

Community Details

Overview

  • Whalehead Club Subdivision

Recreation

  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,766

Year Built

Built in 1997

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Traditional
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Fenced Yard, Hot Tub, Intercom, Lawn Sprinklers, Outside Lighting, Outside Shower, Sun Deck, Inside Laundry Room
  • Flood Zone: X
  • Headline: Projected Income 12% GRR
  • Heated Sq Ft: 4032
  • L V T Date: 02/02/2023
  • Sale/Rent: For Sale
  • Waterfront Location: 4 - lots from oceanfront (5th row)
  • Zoning: SFO
  • Deed Book Pg Number: 895
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C7166
  • 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, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Refrigerator
  • Bedrooms: 6
  • Bedroom 1: On Level: 1
  • Bedroom 2: On Level: 1
  • Bedroom 3: On Level: 2
  • Bedroom 4: On Level: 2
  • Bedroom 5: On Level: 2
  • Bedroom 6: On Level: 2
  • Kitchen: On Level: 1
  • Countertops: Laminate
  • Electronic Locks: Owned
  • Floor Coverings: Carpet, Ceramic Tile
  • Foundation: Slab
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: Dryer Connection, Gas Fireplace, Ensuite, Pantry, Walk in Closet, Washer Connection
  • Dining Room: On Level: 1
  • Family Room: On Level: 1
  • Game Room: On Level: 1
  • Living Room: On Level: 1
  • Optional Rooms: Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Exterior: Vinyl
  • Pool: Yes
  • Pool: Private
  • Pool Type: In Ground, Outdoor, Private Pool
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Parking: Paved

Utilities

  • Cooling: Central
  • Heating: Electric
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Condo/Co-op/Association

  • Association Amenities: Ocean Access
  • Association Fee: Voluntary - Restrictive Covenants May Apply
  • Estimated Annual Fee: 45
  • HOA Contact: https://wpoa.org/

Lot Info

  • Lot Description: Level
  • Lot Number: Lot 64
  • Deed Book: 1467

Rental Info

  • Est Annual Rental Income: 111516
  • Estimated Rental Performance: 0.1282

Building Info

  • Year Built: 1997

Tax Info

  • Year: 2022
  • Taxes: 3766.4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2023
Closed on
May 11, 2023
Sold by
Shope Edwin W and Shope Regina H
Bought by
Stauffer John F and Stauffer Wendy G
Seller's Agent
Heather Sakers
Coldwell Banker Seaside Realty KH
Buyer's Agent
Alex Argiroff
Keller Williams - Outer Banks
List Price
$949,000
Sold Price
$870,000
Premium/Discount to List
-$79,000
-8.32%
Views
230
Current Estimated Value
$1,266,166

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$396,166
Avg. Annual Appreciation
17.21%
Original Mortgage
$652,500
Outstanding Balance
$632,705
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$686,153

Purchase Details

Listed on
Oct 12, 2018
Closed on
Dec 13, 2018
Sold by
C & L Management Company Llc
Bought by
Shope Edwin W and Shope Regina H
Seller's Agent
Rubert Wilson III
Century 21 Nachman Realty
Buyer's Agent
Matt Preston
Twiddy and Company - Corolla
List Price
$519,900
Sold Price
$430,000
Premium/Discount to List
-$89,900
-17.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.54%
Original Mortgage
$344,000
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2008
Sold by
Wiener Craig B and Smartz Lisa J
Bought by
C&L Management Company Llc

Purchase Details

Closed on
Apr 26, 2005
Sold by
Johnson Michael J and Michels Suzanne E
Bought by
Wiener Craig B and Smartz Lisa J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,000
Interest Rate
5.88%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Stauffer John F $5,220,000 None Listed On Document
Shope Edwin W $430,000 None Available
C&L Management Company Llc -- None Available
Wiener Craig B -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stauffer John F $652,500
Previous Owner Shope Edwin W $344,000
Previous Owner Wiener Craig B $645,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/11/2023 05/11/23 Sold $870,000 -3.2% $216 / Sq Ft
04/13/2023 04/13/23 Pending -- -- --
04/05/2023 04/05/23 Price Changed $899,000 -5.3% $223 / Sq Ft
02/02/2023 02/02/23 For Sale $949,000 +120.7% $235 / Sq Ft
12/31/2018 12/31/18 Sold $430,000 -10.4% $107 / Sq Ft View Prior Sale
12/04/2018 12/04/18 Pending -- -- --
11/16/2018 11/16/18 Price Changed $479,900 -4.0% $119 / Sq Ft
10/26/2018 10/26/18 Price Changed $499,900 -3.8% $124 / Sq Ft
10/12/2018 10/12/18 For Sale $519,900 -- $129 / 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 $4,599 $486,900 $125,000 $361,900
2024 $4,599 $486,900 $125,000 $361,900
2023 $4,583 $486,900 $125,000 $361,900
2022 $3,766 $486,900 $125,000 $361,900
2021 $3,751 $487,600 $160,000 $327,600
2020 $3,730 $487,600 $160,000 $327,600
2019 $3,684 $481,100 $160,000 $321,100
2018 $3,684 $481,100 $160,000 $321,100
2017 $3,422 $481,100 $160,000 $321,100
2016 $3,468 $481,100 $160,000 $321,100
2015 $3,449 $481,100 $160,000 $321,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 121328

Outer Banks Association of REALTORS®

APN: 115A-000-0064-0014