NOT LISTED FOR SALE

868 Lighthouse Dr Corolla, NC 27927

Estimated Value: $1,770,229 - $1,977,000

8 Beds
9 Baths
4,580 Sq Ft
$411/Sq Ft Est. Value

Last Sold June 06, 2018

Last sale price $1,120,000 $245 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $10,630/month

42 Days on Market

Highlights

  • Community Beach Access
  • Cabana
  • Second Refrigerator
  • Ocean Front
  • Rooftop Deck
  • Cathedral Ceiling

About This Home

As of June 2018

Semi Oceanfront home with ocean views and direct beach access. Lovingly maintained by owners with plenty of extras. Elevator, cabana pool deck, private master bedroom decks, granite kitchen counters, double appliances, to name a few. Sizeable pool deck that connects to ground floor game room provides fun for all. 3 levels of pleasure insure strong rental income. 2018 booked solid (161 days) May through September. Currently exceeds 10% gross ROI.

Last Agent to Sell the Property

Ronald Barrett

Brindley Beach Vacations & Sales - Cor License #94054 Listed on: 03/09/2018

Last Buyer's Agent

Matt Preston

Twiddy and Company - Corolla License #288364

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,176

Year Built

  • Built in 2000

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 100' x 200'
  • Ocean Front
  • Landscaped
  • Level Lot

Home Design

  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 4,580 Sq Ft Home
  • Elevator
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Built-In Oven
  • Built-In Range
  • Microwave
  • Second Refrigerator
  • Plumbed For Ice Maker
  • Second Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Parking Lot

Pool

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

Outdoor Features

  • Sun Deck
  • Rooftop 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
  • Fuel Tank
  • Private or Community Septic Tank
  • Private Sewer

Listing and Financial Details

  • Tax Lot #23

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include walkways
  • Whalehead Club Subdivision

Recreation

  • Community Boardwalk
  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,176

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: North on Hwy 12 towards Corolla. Turn right on Albacore Street at Food Lion stop light. Left on Lighthouse Drive. House 2 blocks down on left (West) side.
  • Extras: Beach Access, Boardwalk to Beach, Cabana, Ceiling Fan(s), Covered Decks, Elevator, Hot Tub, Jet Tub, Landscaped, Outside Lighting, Outside Shower, Patio, Smoke Detector(s), Sun Deck, Tiki Bar, Roof Top Deck
  • Flood Zone: AE
  • Subdivision Name: Whalehead
  • Headline: BEACH PALACE, SO TRUE
  • Heated Sq Ft: 4580
  • L V T Date: 03/09/2018
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 12
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: Res
  • Deed Book Pg Number: 903
  • 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: Countertop Range, Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 8
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile
  • Foundation: Piling, Slab
  • Full Bathrooms: 7
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry
  • Optional Rooms: Game Room, Shipswatch
  • Partial Bathrooms: 2

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 100
  • View: Ocean

Garage/Parking

  • Parking: Parking Lot, Paved

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Electric, Forced Air, Heat Pump, Zoned
  • Fuel Tanks: Leased
  • Septic Fee: 500
  • Sewer/Septic System: Private Septic, Private Sewer
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Walkways
  • Association Amenities: Ocean Access
  • Association Fee: Voluntary - Restrictive Covenants May Apply
  • Home Owner Dwelling Insurance: 2425

Lot Info

  • Estimated Lot Sq Ft: 20000
  • Lot Description: Level
  • Lot Faces: East
  • Lot Size: 100' x 200'
  • Lot Number: Lot #23
  • Estimated Lot Size: 0.46
  • Deed Book: 864

Rental Info

  • Est Annual Rental Income: 123000
  • Estimated Rental Performance: 0.1098
  • Flood Expenses: 2395
  • Lease Terms: Weekly
  • Maintenance Expenses: 893
  • Other Expenses: 450
  • Other Expenses2: 240
  • Poolspa Expense: 3095
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Beach Palace
  • Rental Cottage Number: J20868
  • Rental Phone Number: 457-1100
  • Rental Turnover Day: Sun
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 1100
  • Annual Electric: 3640
  • Annual Telephone Expense: 532
  • Annual Water Expense: 1299
  • Rental Contact Name: Twiddy And Company
  • Rental Contact Phone: 252-457-1100

Building Info

  • Year Built: 2000

Tax Info

  • Year: 2017
  • Taxes: 6176

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2018
Closed on
May 25, 2018
Sold by
Boocks Joseph H and Boocks Carolyn F
Bought by
Hoover Torrance D and Hoover Jill R
Seller's Agent
Ronald Barrett
Brindley Beach Vacations & Sales - Cor
Buyer's Agent
Matt Preston
Twiddy and Company - Corolla
List Price
$1,179,000
Sold Price
$1,120,000
Premium/Discount to List
-$59,000
-5%
Current Estimated Value
$1,880,557

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$760,557
Avg. Annual Appreciation
7.09%
Original Mortgage
$896,000
Outstanding Balance
$769,969
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$1,110,588

Purchase Details

Closed on
Apr 12, 2005
Sold by
Knoll David A and Knoll Nancy
Bought by
Boocks Josehp H and Boocks Carolyn F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Interest Rate
5.98%
Mortgage Type
New Conventional
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
Hoover Torrance D $1,120,000 None Available
Boocks Josehp H $18,850,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoover Torrance D $896,000
Previous Owner Boocks Josehp H $1,250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/06/2018 06/06/18 Sold $1,120,000 -5.0% $245 / Sq Ft
04/20/2018 04/20/18 Pending -- -- --
03/09/2018 03/09/18 For Sale $1,179,000 -- $257 / 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 $9,322 $1,048,800 $400,000 $648,800
2024 $9,322 $1,048,800 $400,000 $648,800
2023 $9,306 $1,048,800 $400,000 $648,800
2022 $7,832 $1,048,800 $400,000 $648,800
2021 $7,835 $897,900 $330,000 $567,900
2020 $6,825 $897,900 $330,000 $567,900
2019 $6,825 $897,900 $330,000 $567,900
2018 $0 $897,900 $330,000 $567,900
2017 $6,177 $897,900 $330,000 $567,900
2016 $6,225 $897,900 $330,000 $567,900
2015 $6,229 $897,900 $330,000 $567,900
Source: Public Records

Agents Affiliated with this Home

  • Ronald Barrett

    Seller's Agent in 2018

    Ronald Barrett

    Brindley Beach Vacations & Sales - Cor

    (252) 202-8999

    35 in this area

    40 Total Sales

    Ronald Barrett
    Section Image
  • Matt Preston

    Buyer's Agent in 2018

    Matt Preston

    Twiddy and Company - Corolla

    (252) 207-6143

    31 in this area

    155 Total Sales

    Matt Preston
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 99578

Outer Banks Association of REALTORS®

APN: 115A-000-0023-0012

North Carolina Currituck County Corolla 27927

868 Lighthouse Dr, Corolla, NC

Not Listed for Sale

Detached

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