NOT LISTED FOR SALE

862 Corolla Dr Corolla, NC 27927

Estimated Value: $780,926 - $1,005,000

7 Beds
4 Baths
2,700 Sq Ft
$337/Sq Ft Est. Value

Sale Details

Date Sold: January 13, 2015

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

Est. 84% increase in value since last sale

Current estimated payment $5,280 / mo

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 KDH License #185795 Listed on: 09/20/2014

Keller Williams Outer Banks KDH

Last Buyer's Agent

Heather McLay

OBX Homes License #188982

OBX Homes

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,421

Year Built

  • Built in 1996

Lot Details

  • 20,000 Sq Ft 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
  • 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

0.46 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2014
Closed on
Jan 14, 2015
Sold by
Bought by
Seller's Agent
Sarah Spencer
Keller Williams Outer Banks KDH
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
$910,482

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$414,382
Avg. Annual Appreciation
5.45%
Original Mortgage
$396,880
Outstanding Balance
$303,799
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$606,683

Purchase Details

Closed on
Jan 28, 2012
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Mar 25, 2010
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$496,500 None Available
$465,000 None Available
-- None Available
$465,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $396,880
Previous Owner $417,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 KDH

    (252) 202-3357

    259 Total Sales

    Sarah Spencer
    Section Image
  • Heather McLay

    Buyer's Agent in 2015

    Heather McLay

    OBX Homes

    (252) 202-3409

    117 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

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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