NOT LISTED FOR SALE

850 Corolla Dr Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $758,000 - $1,860,000

6 Beds
5.5 Baths
3,096 Sq Ft
$369/Sq Ft Est. Value

Last Sold August 06, 2021

Last sale price $595,000 $192 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $5,473/month

16 Days on Market

Highlights

  • In Ground Pool
  • Coastal Architecture
  • Hydromassage or Jetted Bathtub
  • Second Refrigerator
  • Cathedral Ceiling
  • Furnished

About This Home

As of August 2021

The seller has done a LOT of work to this property to fix what neglect had brought. There is a brand new roof, one new HVAC unit, new exterior doors, mold removed and the pool sparkles in the sun! But there is more to do and the seller says let a buyer finish the work and we give them a great deal. Similar size properties on Corolla Drive are under contract for 760,000 to over 900k! Bring your contractor to take a look or if you are a contractor this could be an big opportunity for you! Rental potential for this 6 bedroom house is HUGE! The home is furnished but you may want to add your own touches and updates. Just one lot from walkway to beach! Offers will be responded to within 48 -72 business hours after 7 days on market. PLEASE NOTE: THIS HOME WILL REQUIRE CASH OR A RENOVATION LOAN TO PURCHASE. CONDITION AND WORK STILL NEEDED HAVE BEEN FACTORED INTO THE ASKING PRICE. OPPORTUNITY KNOCKS! SOLD AS IS.

Last Agent to Sell the Property

Wayne Strickland

Stellar Properties License #190095 Listed on: 06/23/2021

Co-Listed By

Laura Strickland

Stellar Properties License #264696

Last Buyer's Agent

Randy Jones

EXP Realty, LLC - Coastal License #187811

EXP Realty, LLC - Coastal

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,929

Year Built

  • Built in 2001

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 100 x 200
  • Level Lot

Home Design

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

Interior Spaces

  • 3,096 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Living Room
  • Game Room
  • Utility Room

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry Room
  • Dryer

Parking

  • Tuck Under Parking
  • Paved Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Sun Deck

Utilities

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

Community Details

  • Whalehead Club Subdivision

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Tax Lot 62

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,929

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Bank Owned: Yes
  • Extras: Ceiling Fan(s), Hot Tub, Jet Tub, Outside Shower, Sun Deck, Dry Entry, Inside Laundry Room
  • Flood Zone: X
  • Headline: FANTASTIC POTENTIAL 6 BEDROOM!
  • Heated Sq Ft: 3096
  • L V T Date: 06/23/2021
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 12
  • Waterfront Location: More than 5th row
  • Zoning: Res
  • Deed Book Pg Number: 541
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C22927
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: 20
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Range/Oven, Refrigerator w/Ice Maker, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 6
  • Countertops: Laminate
  • Floor Coverings: Carpet, Vinyl
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ensuite, Some Windows Treated, Washer Connection, Wet Bar
  • Game Room: On Level: 1
  • Living Room: On Level: 3
  • Optional Rooms: Breakfast Nook, Game Room, Utility Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Exterior: Lap Siding, Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Fiberglass, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 100

Garage/Parking

  • Parking: Paved, Off Street, Under

Utilities

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

Lot Info

  • Estimated Lot Sq Ft: 20000
  • Lot Description: Level
  • Lot Faces: E
  • Lot Size: 100 X 200
  • Lot Number: Lot 62
  • Estimated Lot Size: 0.46
  • Deed Book: 1584

Building Info

  • Year Built: 2001

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2020
  • Taxes: 3929

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 15, 2022
Sold by
Shahil Shariff
Bought by
Kanza Homes Llc
Current Estimated Value
$927,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Outstanding Balance
$769,947
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
$372,471

Purchase Details

Listed on
Jun 23, 2021
Closed on
Aug 5, 2021
Sold by
Kondaur Capital Real Property Llc
Bought by
Shariff Shahil
Seller's Agent
Wayne Strickland
Stellar Properties
Buyer's Agent
Randy Jones
EXP Realty, LLC - Coastal
List Price
$594,900
Sold Price
$595,000
Premium/Discount to List
$100
0.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.67%

Purchase Details

Closed on
Nov 9, 2020
Sold by
Diggs James L and Diggs Mary Hunt
Bought by
Kondaur Capital Corporation

Purchase Details

Closed on
Dec 31, 2003
Bought by
Diggs James L and Diggs Mary Hunt
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
Kanza Homes Llc -- Dixon & Dixon Law Office
Shariff Shahil $595,000 None Available
Kondaur Capital Real Property Llc -- None Available
Kondaur Capital Corporation $440,000 Accommodation
Diggs James L $749,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kanza Homes Llc $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2021 08/06/21 Sold $595,000 0.0% $192 / Sq Ft
07/09/2021 07/09/21 Pending -- -- --
06/23/2021 06/23/21 For Sale $594,900 -- $192 / 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 $4,720 $521,900 $125,000 $396,900
2023 $4,720 $521,900 $125,000 $396,900
2022 $3,928 $510,500 $125,000 $385,500
2021 $3,913 $508,400 $160,000 $348,400
2020 $3,929 $508,400 $160,000 $348,400
2019 $3,902 $505,500 $160,000 $345,500
2018 $3,902 $505,500 $160,000 $345,500
2017 $3,631 $505,500 $160,000 $345,500
2016 $3,657 $505,500 $160,000 $345,500
2015 $3,657 $505,500 $160,000 $345,500
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2021

    Wayne Strickland

    Stellar Properties

    Section Image
  • Laura Strickland

    Seller Co-Listing Agent in 2021

    Laura Strickland

    Stellar Properties

    (252) 489-9218

    1 in this area

    32 Total Sales

    Section Image
  • Randy Jones

    Buyer's Agent in 2021

    Randy Jones

    EXP Realty, LLC - Coastal

    (252) 202-2573

    30 in this area

    114 Total Sales

    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 114946

Outer Banks Association of REALTORS®

APN: 115A-000-0062-0012

North Carolina Currituck County Corolla 27927 Corolla

850 Corolla Dr, Corolla, NC

This home is located at 850 Corolla Dr, Corolla, NC 27927 since 23 June 2021 and is currently estimated at $1,142,418, approximately $368 per square foot. This property was built in 2001. 850 Corolla Dr is a home located in Currituck County with nearby schools including Knotts Island Elementary School, Currituck County Middle School, and Currituck County High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Outer Banks Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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