NOT LISTED FOR SALE

862 Corolla Dr Corolla, NC 27927

Estimated Value: $753,438 - $1,057,000

7 Beds
4 Baths
2,700 Sq Ft
$340/Sq Ft Est. Value

Last Sold January 13, 2015

Last sale price $496,100 $184 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $5,170/month

74 Days on Market

Highlights

  • In Ground Pool
  • Cathedral Ceiling
  • Game Room
  • Coastal Architecture
  • Furnished
  • En-Suite Primary Bedroom

About This Home

As of January 2015

Great opportunity to own a 7-bedroom investment property in Whalehead, famous for it's beautiful wide beaches. Renters love this house-whether it's playing in the private 14 x 32 pool, relaxing in the hot tub, playing volleyball in the back yard, or reading a good book by the fire on a cozy fall night. This 7-bedroom home is lovingly maintained and it shows. Just in the past two years: New pool pump house, new a/c unit, new tvs, new interior decor, new propane tank, new interior paint, exterior trim and fence painted...just to name a few!

Last Agent to Sell the Property

Sarah Spencer

Keller Williams - Outer Banks License #185795 Listed on: 09/20/2014

Keller Williams - Outer Banks

Last Buyer's Agent

Heather McLay

Landmark Sotheby's Internation License #188982

Landmark Sotheby's Internation

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,421

Year Built

  • Built in 1996

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 200 x 100
  • Property fronts a private road

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,700 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Game Room
  • Fire and Smoke Detector

Kitchen

  • Microwave
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • En-Suite Primary Bedroom
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

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

Outdoor Features

  • Sun Deck
  • Exterior Lighting

Utilities

  • Heat Pump System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Community Details

  • Whalehead Club Subdivision

Listing and Financial Details

  • Legal Lot and Block 68 / 12

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,421

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Extras: Ceiling Fan(s), Hot Tub, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck
  • Flood Zone: X
  • Headline: 7-Bedroom Rental Dream!
  • Heated Sq Ft: 2700
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: More than 5th row
  • Zoning: res
  • Deed Book Pg Number: 29
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Bedrooms: 7
  • Countertops: Laminate
  • Floor Coverings: Carpet, Vinyl
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Gas Fireplace, Ensuite
  • Optional Rooms: Game Room

Exterior Features

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

Utilities

  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Oilgas Severed Pre Owner: No Representation
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Condo/Co-op/Association

  • Home Owner Dwelling Insurance: 4250

Lot Info

  • Estimated Lot Sq Ft: 20000
  • Lot Faces: E
  • Lot Size: 200 x 100
  • Lot Number: Lot 68
  • Deed Book: 1215

Rental Info

  • Est Annual Rental Income: 52390
  • Estimated Rental Performance: 0.1056
  • Flood Expenses: 490
  • Lease Terms: Weekly
  • Other Expenses: 388
  • Other Expenses2: 60
  • Poolspa Expense: 4040
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: OBXcape
  • Rental Cottage Number: J60862
  • Rental Phone Number: 252-457-1100
  • Rental Turnover Day: SAT
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 1909
  • Annual Electric: 2801
  • Annual Water Expense: 1774

Building Info

  • Year Built: 1996

Tax Info

  • Year: 2014
  • Taxes: 3421

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2014
Closed on
Jan 14, 2015
Sold by
Lenick Marc C and Lenick Kristi H
Bought by
Bates Richard L and Bates Nicole M
Seller's Agent
Sarah Spencer
Keller Williams - Outer Banks
Buyer's Agent
Heather McLay
OBX Homes
List Price
$525,000
Sold Price
$496,100
Premium/Discount to List
-$28,900
-5.5%
Current Estimated Value
$917,610

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$421,510
Avg. Annual Appreciation
5.77%
Original Mortgage
$396,880
Outstanding Balance
$303,799
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$613,811

Purchase Details

Closed on
Jan 28, 2012
Sold by
Taz Llc
Bought by
Leniek Marc C and Leniek Kristi H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2010
Sold by
Zoby David C and Bozard Thomas W
Bought by
Taz Llc

Purchase Details

Closed on
Mar 25, 2010
Sold by
Mastromatto Robert and Mastromatto Cheryl Lynn
Bought by
Zoby David C and Bozard Thomas W
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Bates Richard L $496,500 None Available
Leniek Marc C $465,000 None Available
Taz Llc -- None Available
Zoby David C $465,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bates Richard L $396,880
Previous Owner Leniek Marc C $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/13/2015 01/13/15 Sold $496,100 -5.5% $184 / Sq Ft
12/03/2014 12/03/14 Pending -- -- --
09/20/2014 09/20/14 For Sale $525,000 +12.9% $194 / Sq Ft
08/31/2012 08/31/12 Sold $465,000 -7.0% $172 / Sq Ft View Prior Sale
07/18/2012 07/18/12 Pending -- -- --
07/11/2012 07/11/12 For Sale $499,900 -- $185 / 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 $4,344 $455,600 $125,000 $330,600
2024 $4,344 $455,600 $125,000 $330,600
2023 $4,328 $455,600 $125,000 $330,600
2022 $3,677 $455,600 $125,000 $330,600
2021 $3,662 $465,300 $160,000 $305,300
2020 $3,669 $465,300 $160,000 $305,300
2019 $3,658 $465,300 $160,000 $305,300
2018 $3,658 $465,300 $160,000 $305,300
2017 $3,408 $465,300 $160,000 $305,300
2016 $3,432 $465,300 $160,000 $305,300
2015 $3,432 $465,300 $160,000 $305,300
Source: Public Records

Agents Affiliated with this Home

  • Sarah Spencer

    Seller's Agent in 2015

    Sarah Spencer

    Keller Williams - Outer Banks

    (252) 202-3357

    95 in this area

    298 Total Sales

    Sarah Spencer
    Section Image
  • Heather McLay

    Buyer's Agent in 2015

    Heather McLay

    Landmark Sotheby's Internation

    (252) 202-3409

    61 in this area

    151 Total Sales

    Heather McLay
    Section Image

  • J

    Seller's Agent in 2012

    Jim Soles

    Soles Realty OBX

    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 85268

Outer Banks Association of REALTORS®

APN: 115A-000-0068-0012

North Carolina Currituck County Corolla 27927

862 Corolla Dr, Corolla, NC

Not Listed for Sale

Detached

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