NOT LISTED FOR SALE

842 Lighthouse Dr Corolla, NC 27927

Estimated Value: $2,195,000 - $2,625,742

11 Beds
11.5 Baths
5,874 Sq Ft
$412/Sq Ft Est. Value

Last Sold June 02, 2021

Last sale price $2,100,000 $358 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $13,716/month

183 Days on Market

Highlights

  • Community Beach Access
  • Home Theater
  • Second Refrigerator
  • Ocean Front
  • Cabana
  • Coastal Architecture

About This Home

As of June 2021

Exceptional investment opportunity with great ocean views! You will fall in love with "Beach Paradise". Gorgeous top level living area with open concept floor plan, huge kitchen, and ample seating for your entire crew. Custom built by Olin Finch. 11 master suites in this 11 bedroom rental machine. Just steps to the beach access, 2 lots away on foot. Every amenity that renters are looking for! 3 living rooms, elevator, large theater room, game room, pool and hot tub with tiki bar! Professionally decorated with durable, high quality furniture. Two of every appliance in the kitchen and a 3rd refrigerator in the game room! Each of the 9 master suites has deck access. Mid level, top level and ground level living rooms allow everyone a place to unwind! A true handicap friendly home with multiple master suites being fully handicap accessible. Low maintenance landscape design for functionality and beauty.

Last Agent to Sell the Property

Edith Rowe

Brindley Beach Vacations & Sales-Duck License #188824 Listed on: 10/14/2020

Co-Listed By

Catherine Strachan

Brindley Beach Vacations & Sales-Duck License #246162

Last Buyer's Agent

Tim Lancsek

Surfside Realty License #210399

Surfside Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,023

Year Built

  • Built in 2013

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 200x100
  • Ocean Front
  • Landscaped
  • Level Lot

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 5,874 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Home Theater
  • Game Room
  • Utility Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 11 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking
  • Reserved Parking

Accessible Home Design

  • Handicap Accessible

Pool

  • Cabana
  • Concrete Pool
  • In Ground Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Listing and Financial Details

  • Legal Lot and Block 23 / 13

Community Details

Overview

  • Built by Olin Finch
  • Whalehead Club Subdivision

Amenities

  • Common Area

Recreation

  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,023

Year Built

Built in 2013

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: From Ocean Trail, east onto Dolphin Street, North onto Lighthouse Drive. House on left
  • Extras: Beach Access, Cabana, Ceiling Fan(s), Covered Decks, Elevator, Handicap Friendly, Hot Tub, Landscaped, Outside Lighting, Outside Shower, Patio, Smoke Detector(s), Sun Deck, Tiki Bar, Inside Laundry Room
  • Flood Zone: X
  • Subdivision Name: Whalehead and Improvements
  • Headline: Investors Dream, 11 masters!
  • Heated Sq Ft: 5874
  • L V T Date: 10/14/2020
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: Res
  • Advertised Income 2020: 183375
  • Advertised Income 2021: 209290
  • Deed Book Pg Number: 346
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C14121
  • 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, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 11
  • Bedroom 1: On Level: 3
  • Bedroom 2: On Level: 3
  • Bedroom 3: On Level: 2
  • Bedroom 4: On Level: 2
  • Bedroom 5: On Level: 2
  • Bedroom 6: On Level: 2
  • Bedroom 7: On Level: 2
  • Bedroom 8: On Level: 2
  • Kitchen: On Level: 3
  • Floor Coverings: Carpet, Tile, Wood
  • Foundation: Piling, Slab
  • Full Bathrooms: 11
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Walk in Closet, Washer Connection, Wet Bar, 1st Flr Ensuite
  • Dining Room: On Level: 3
  • Family Room: On Level: 2
  • Game Room: On Level: 1
  • Living Room: On Level: 3
  • Optional Room 2: On Level: 2
  • Optional Room 3: On Level: 1
  • Optional Rooms: Foyer, Game Room, Pantry, Utility Room, Home Theater, Media Room
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: Olin Finch
  • Construction: Frame, Wood
  • Exterior: Shakes, Wood
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Concrete, Custom, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 100
  • View: Ocean

Garage/Parking

  • Parking: Paved, Reserved, Off Street

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Ocean Access, Common Area
  • Home Owner Dwelling Insurance: 1000

Lot Info

  • Estimated Lot Sq Ft: 20000
  • Lot Description: Level
  • Lot Faces: E
  • Lot Size: 200x100
  • Lot Number: Lot 23
  • Estimated Lot Size: 0.46
  • Deed Book: 1264

Rental Info

  • Flood Expenses: 850
  • Lease Terms: Weekly
  • Poolspa Expense: 2900
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Beach Paradise
  • Rental Cottage Number: J20842
  • Rental Phone Number: 252-457-1100
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 1920
  • Annual Electric: 6000
  • Annual Telephone Expense: 600
  • Annual Water Expense: 1800
  • Rental Contact Email: jkavanough@twiddy.com
  • Rental Contact Name: Jen Kavanaugh
  • Rental Contact Phone: 457-1100

Building Info

  • Year Built: 2013

Tax Info

  • Year: 2020
  • Taxes: 8023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2020
Closed on
May 27, 2021
Sold by
Richardson Robert H and Richardson Laura R
Bought by
Duarte John M and Duarte Deborah L
Seller's Agent
Edith Rowe
Brindley Beach Vacations & Sales-Duck
Buyer's Agent
Tim Lancsek
Surfside Realty
List Price
$2,249,000
Sold Price
$2,100,000
Premium/Discount to List
-$149,000
-6.63%
Current Estimated Value
$2,422,247

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$322,247
Avg. Annual Appreciation
3.29%
Original Mortgage
$520,000
Outstanding Balance
$389,628
Interest Rate
2.2%
Mortgage Type
New Conventional
Estimated Equity
$2,032,619

Purchase Details

Closed on
Aug 28, 2013
Sold by
Bonczek Robert and Bonczek Constance Hughes
Bought by
Richardson Robert H and Richardson Laura R
Source: Public Records

Range of Values:

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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
Duarte John M $2,100,000 None Available
Richardson Robert H $387,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Duarte John M $520,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2021 06/02/21 Sold $2,100,000 -4.5% $358 / Sq Ft
04/15/2021 04/15/21 Pending -- -- --
04/11/2021 04/11/21 Price Changed $2,199,000 -2.2% $374 / Sq Ft
10/14/2020 10/14/20 For Sale $2,249,000 -- $383 / 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 $12,438 $1,284,100 $400,000 $884,100
2023 $11,329 $1,284,100 $400,000 $884,100
2022 $9,552 $1,284,100 $400,000 $884,100
2021 $9,507 $1,063,100 $330,000 $733,100
2020 $8,023 $1,063,100 $330,000 $733,100
2019 $8,023 $1,063,100 $330,000 $733,100
2018 $0 $1,063,100 $330,000 $733,100
2017 $7,453 $1,063,100 $330,000 $733,100
2016 $7,508 $1,063,100 $330,000 $733,100
2015 $7,508 $1,063,400 $330,000 $733,400
Source: Public Records

Agents Affiliated with this Home

  • Edith Rowe

    Seller's Agent in 2021

    Edith Rowe

    Brindley Beach Vacations & Sales-Duck

    (252) 202-6165

    65 in this area

    205 Total Sales

    Edith Rowe
    Section Image
  • Catherine Strachan

    Seller Co-Listing Agent in 2021

    Catherine Strachan

    Brindley Beach Vacations & Sales-Duck

    (252) 489-9540

    53 in this area

    168 Total Sales

    Catherine Strachan
    Section Image
  • Tim Lancsek

    Buyer's Agent in 2021

    Tim Lancsek

    RE/MAX

    (252) 619-6089

    46 in this area

    127 Total Sales

    Tim Lancsek
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 111463

Outer Banks Association of REALTORS®

APN: 115A-000-0023-0013

North Carolina Currituck County Corolla 27927

842 Lighthouse Dr, Corolla, NC

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