NOT LISTED FOR SALE

885 Corolla Dr Corolla, NC 27927

Estimated Value: $711,000 - $833,000

4 Beds
2 Baths
1,600 Sq Ft
$467/Sq Ft Est. Value

Last Sold October 02, 2020

Last sale price $450,000 $281 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $4,224/month

51 Days on Market

Highlights

  • Community Beach Access
  • Cabana
  • Cathedral Ceiling
  • Ocean View
  • Saltbox Architecture
  • Wood Flooring

About This Home

As of October 2020

Bright and cheery 4 bedroom/ 2 bath Whalehead home, perfect for vacation or second home. Not only are there ocean views from the top deck, but there is a fantastic pool house with wet bar by the 11'x24' pool and a horseshoe pit in the backyard. This property has been well maintained and designed for family enjoyment. Three bedrooms on the mid-level are perfect for a variety of sleeping arrangements- a lovely queen bedroom with access to the covered deck, the whimsical jungle-themed double bunk room and a large double twin bed room. A full hall bath is also on this level. The upstairs open floor plan is enhanced by a large deck accessible by several large sliders which also bring in the sunshine to this cozy top floor. The natural wood beams add architectural interest to the high ceilings. There are several areas for dining including the breakfast bar. The kitchen has lots of cabinet and counter space with a clean white subway backsplash and new appliances (fridge/stove/hood/dishwasher). Another queen bedroom is also on this level and has access to the renovated full hall bath. This is a charming cottage with newly renovated bathrooms, brand new carpet throughout, playful decor and tremendour outdoor amenities, including a hot tub. Located in the desirable Whalehead neighborhood, this property is a favorite with families who prefer a more intimate rental property without missing out on the big fun of a great beach vacation. Walking distance to the beach and close to shopping and other Corolla activities. Seller has recently replaced all exterior decking and updated bathrooms (updated photos to come).

Last Agent to Sell the Property

Matt Myatt

Keller Williams - Outer Banks License #218707 Listed on: 07/02/2020

Keller Williams - Outer Banks

Co-Listed By

Terry Blocher

Keller Williams - Outer Banks License #271673

Last Buyer's Agent

Whitney Hawkins

Brindley Beach Vacations & Sales - Cor License #187617

Brindley Beach Vacations & Sales - Cor

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,677

Year Built

  • Built in 1988

Lot Details

  • 0.46 Acre Lot
  • Level Lot

HOA Fees

  • $8 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 1,600 Sq Ft Home
  • Furnished
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Laminate Countertops

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tax Lot lot 52

Community Details

Overview

  • Association fees include walkways
  • Whalehead Club Subdivision

Recreation

  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,677

Year Built

Built in 1988

Lot Details

0

HOA Fees

$8 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Saltbox
  • Directions: Ocean Trail north to right on Dolphin St. Turn left on Corolla Drive. About .5 mi ahead on the right.
  • Extras: Beach Access, Cabana, Ceiling Fan(s), Covered Decks, Hot Tub, Outside Lighting, Outside Shower, Sun Deck
  • Headline: Whalehead with Views!
  • Heated Sq Ft: 1600
  • L V T Date: 07/02/2020
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 11
  • Waterfront Location: 4 - lots from oceanfront (5th row)
  • Zoning: res
  • Advertised Income 2020: 32214
  • Deed Book Pg Number: 43
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C30917
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 4
  • Countertops: Laminate
  • Floor Coverings: Vinyl, Wood
  • Foundation: Piling
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: Beamed Ceiling(s), Cathedral Ceiling(s), Dryer Connection, Washer Connection

Exterior Features

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

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Walkways
  • Association Amenities: Ocean Access
  • Association Fee: Voluntary - Restrictive Covenants May Apply
  • Estimated Annual Fee: 100

Lot Info

  • Estimated Lot Sq Ft: 20000
  • Lot Description: Level
  • Lot Number: lot 52
  • Estimated Lot Size: 0.46
  • Deed Book: 1436

Rental Info

  • Est Annual Rental Income: 32214
  • Estimated Rental Performance: 0.0716
  • Lease Terms: Weekly
  • Rental Co: Resort Realty
  • Rental Cottage Name: Just Beachy
  • Rental Cottage Number: #1479
  • Rental Phone Number: 252-261-8888
  • Rental Turnover Day: Saturday
  • Rental Contact Email: debbie.hartlove@resortrealty.com
  • Rental Contact Name: Debbie Hartlove
  • Rental Contact Phone: 261-8888

Building Info

  • Year Built: 1988

Tax Info

  • Year: 2020
  • Taxes: 3677

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2020
Closed on
Oct 2, 2020
Sold by
Pitney Michael P
Bought by
Gallagher Timothy M and Gallagher Mary Chris
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Whitney Hawkins
Brindley Beach Vacations & Sales - Cor
List Price
$450,000
Sold Price
$450,000
Current Estimated Value
$747,020

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$297,020
Avg. Annual Appreciation
10.10%
Original Mortgage
$405,000
Outstanding Balance
$357,774
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$389,246

Purchase Details

Closed on
Jan 22, 2018
Sold by
Pitney Sharon B
Bought by
Pitney Michael P

Purchase Details

Closed on
Jun 8, 2001
Bought by
Pitney Michael P and Pitney Sharon B
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
Gallagher Timothy M $450,000 None Available
Pitney Michael P -- None Available
Pitney Michael P $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallagher Timothy M $405,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2020 10/02/20 Sold $450,000 0.0% $281 / Sq Ft
08/22/2020 08/22/20 Pending -- -- --
08/13/2020 08/13/20 For Sale $450,000 0.0% $281 / Sq Ft
08/11/2020 08/11/20 Pending -- -- --
07/27/2020 07/27/20 For Sale $450,000 0.0% $281 / Sq Ft
07/19/2020 07/19/20 Pending -- -- --
07/02/2020 07/02/20 For Sale $450,000 -- $281 / 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 $3,772 $400,800 $175,000 $225,800
2024 $3,772 $400,800 $175,000 $225,800
2023 $3,756 $400,800 $175,000 $225,800
2022 $3,196 $400,800 $175,000 $225,800
2021 $3,181 $338,700 $170,000 $168,700
2020 $2,675 $338,700 $170,000 $168,700
2019 $2,677 $338,700 $170,000 $168,700
2018 $0 $338,700 $170,000 $168,700
2017 $2,490 $338,700 $170,000 $168,700
2016 $2,512 $338,700 $170,000 $168,700
2015 $2,515 $338,700 $170,000 $168,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 109938

Outer Banks Association of REALTORS®

APN: 115A-000-0052-0011