NOT LISTED FOR SALE

848 Corolla Dr Corolla, NC 27927

Estimated Value: $1,011,000 - $1,086,000

6 Beds
6 Baths
3,410 Sq Ft
$304/Sq Ft Est. Value

Last Sold July 29, 2021

Last sale price $800,000 $235 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $5,818/month

3 Days on Market

Highlights

  • Ocean View
  • Second Refrigerator
  • Wood Flooring
  • Gunite Pool
  • Coastal Architecture
  • Furnished

About This Home

As of July 2021

Charming & impeccably well maintained coastal retreat conveniently located on a large tract in the Whalehead community of Corolla. "Two Oaks" is the perfect size & location to serve as a promising investment property or second home! Situated just north of the Marlin St. beach access, enjoy ample exterior amenities to include a private pool, hot tub, outside shower, volleyball court, playground, and grilling station for prime outdoor entertainment. Inside on the ground floor you are welcomed by a game room w/ pool table, dining, and wet bar (full size refrigerator & microwave), a master en suite, bedroom, full bath, and laundry room with sink & shelving. An inviting foyer leads you onto the second floor where there is a master en suite with direct deck access, two bedrooms, a full bath, covered porches, and owner locked storage closets. The third floor boasts tall ceilings and a large open concept living area w/ gas fireplace & built in cabinetry, perfect for hosting groups of family & friends. The kitchen features stainless steel appliances, tons of counter & storage space, island & dining seating, and a pantry. A large bedroom w/ direct deck access & bay window seating and a full bath make up the top floor. Enjoy the convenience of all of Corolla's local shops & restaurants a short walk or bike ride away.

Last Agent to Sell the Property

Hunter Davis

Twiddy and Company - Corolla License #301647 Listed on: 05/21/2021

Co-Listed By

Martha Springer

Twiddy and Company - Corolla License #135162

Last Buyer's Agent

Len Cusato

Keller Williams - Outer Banks License #284979

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,853

Year Built

  • Built in 1995

Lot Details

  • Fenced Yard
  • Landscaped

HOA Fees

  • $5 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Slab Foundation
  • Asphalt Shingled Roof
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 3,410 Sq Ft Home
  • Wet Bar
  • Furnished
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Fireplace
  • Game Room
  • Ocean Views

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom
  • 6 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

  • Gunite Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Heat Pump System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Community Details

  • Whalehead Club Subdivision

Listing and Financial Details

  • Tax Lot #61

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,853

Year Built

Built in 1995

Lot Details

0

HOA Fees

$5 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Coastal
  • Directions: Head north on Rt 12 & make a right on Dolphin St. into the Whalehead Community. Take a left onto Corolla Drive and the home will be just past the Marlin St. access on your left.
  • Extras: Ceiling Fan(s), Covered Decks, Fenced Yard, Hot Tub, Landscaped, Outside Lighting, Outside Shower, Sun Deck, Dry Entry, Inside Laundry Room
  • Flood Zone: X
  • Headline: 6 BEDROOM OCEANSIDE!
  • Heated Sq Ft: 3410
  • L V T Date: 05/21/2021
  • Roads: Paved
  • Sale/Rent: For Sale
  • Section: 12
  • Waterfront Location: More than 5th row
  • Zoning: Res
  • Deed Book Pg Number: 636
  • 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: Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Refrigerator
  • Bedrooms: 6
  • Floor Coverings: Carpet, Vinyl, Hardwood
  • Foundation: Piling, Slab
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Dryer Connection, Gas Connection, Gas Fireplace, Pantry, Washer Connection, Wet Bar, 1st Flr Ensuite
  • Optional Rooms: Breakfast Nook, Game Room, Pantry

Exterior Features

  • Exterior: Vinyl
  • Pool: Yes
  • Pool: Private
  • Pool Type: Gunite, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • Association Fee: Yes
  • Estimated Annual Fee: 60
  • HOA Contact: https://www.wpoa.org

Lot Info

  • Lot Number: Lot#61
  • Deed Book: 1401

Rental Info

  • Lease Terms: Weekly
  • Poolspa Expense: 3437
  • Rental Co: Leslie Vacation Rentals
  • Rental Cottage Name: Two Oaks
  • Rental Cottage Number: WH-21
  • Rental Phone Number: 252-441-6816
  • Rental Turnover Day: Saturday
  • Annual Electric: 2345
  • Annual Telephone Expense: 2755
  • Annual Water Expense: 695
  • Rental Contact Name: rentals@lesliesvacationrentals.com

Building Info

  • Year Built: 1995

Tax Info

  • Year: 2020
  • Taxes: 3852.91

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2021
Closed on
Jun 30, 2021
Sold by
O Clyde
Bought by
Cobb Jason and Cobb Martha
Seller's Agent
Hunter Davis
Twiddy and Company - Corolla
Buyer's Agent
Len Cusato
Keller Williams - Outer Banks
List Price
$699,000
Sold Price
$800,000
Premium/Discount to List
$101,000
14.45%
Current Estimated Value
$1,037,126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$237,126
Avg. Annual Appreciation
6.02%
Original Mortgage
$640,000
Outstanding Balance
$577,191
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$459,935

Purchase Details

Closed on
Mar 27, 2017
Sold by
Carroll Clyde N and Carroll Sharlene P
Bought by
Carroll Clyde N and Carroll Sharlene P

Purchase Details

Closed on
Apr 2, 1998
Bought by
Carroll Clyde N and Carroll Sharlene P
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cobb Jason $5,792,500 Sharp Starkey
Cobb Jason $5,792,500 Sharp Starkey
Carroll Clyde N -- Attorney
Carroll Clyde N $304,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cobb Jason $640,000
Closed Cobb Jason $640,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2021 07/29/21 Sold $800,000 +14.4% $235 / Sq Ft
05/24/2021 05/24/21 Pending -- -- --
05/21/2021 05/21/21 For Sale $699,000 -- $205 / 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 $4,735 $515,600 $131,300 $384,300
2024 $4,735 $515,600 $131,300 $384,300
2023 $4,719 $515,600 $131,300 $384,300
2022 $4,005 $515,600 $131,300 $384,300
2021 $3,986 $502,800 $168,000 $334,800
2020 $3,853 $502,800 $168,000 $334,800
2019 $3,884 $507,100 $168,000 $339,100
2018 $3,884 $507,100 $168,000 $339,100
2017 $3,604 $507,100 $168,000 $339,100
2016 $3,640 $507,100 $168,000 $339,100
2015 $3,636 $507,100 $168,000 $339,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 114494

Outer Banks Association of REALTORS®

APN: 115A-000-0061-0012