NOT LISTED FOR SALE

897 Lighthouse Dr Corolla, NC 27927

Estimated Value: $2,225,000 - $2,660,000

6 Beds
7 Baths
4,300 Sq Ft
$569/Sq Ft Est. Value

Last Sold November 24, 2020

Last sale price $1,400,000 $326 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $13,927/month

243 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Home Theater
  • 0.8 Acre Lot
  • Ocean View
  • Concrete Pool
  • Second Refrigerator

About This Home

As of November 2020

Vacationers Love Spice of Life's location, layout, classic beach home feel, decor and amenities. This home has been meticulously maintained and consistently expanded and upgraded. 10 % GRI, Bring Offers! You Must See Inside & Pool. Spice of Life underwent extensive remodeling in 2014 when the entire ground level was built out - including one of the largest custom feature pools and big, irrigated grassy yards in Whalehead Club, complete with volleyball court. Walk up four private stairs to the boardwalk beach access that Owners do not have to maintain! You're 75' feet from putting your toes in the sand and protected by a large healthy dune. The Owners continue upgrading and enhancing their home every year to keep Spice of Life in top condition. Walk into a turnkey home that rents well in advance every year. Large, comfortable rooms and an open feel welcome you. The traditional floor plan with Kitchen, Dining and Great Room on the Mid level means more livability and much less stair climbing. This home features spacious, well equipped rooms with everything to make guests comfortable in a thoughtful 4300 square foot layout. Most features and elements of this home are newer and better than those in more recently built homes. Spice of Life has an effective age of 2000 according to county records. New Roof in 2018! 3 new Heat pumps in 2019, 2017 and 2015 under warranties! Gas Pool Heater New is 2018! New Hot Tub 2017! Exterior & Interior Paint 2014 & 2018, Most of the Flooring, Carpeting, Appliances, Decor, and Mattresses are five years and newer. New Living Room sectional & chairs in 2019, new Sleeper sectional 2020 in the Big Screen Room. Double appliances in kitchen. This means no need for you to upgrade or replace, Spice of Life is Ready to Go - Bring your Family, your Guests and your Offers!

Last Agent to Sell the Property

Lynn Hoffmann

Great Escapes Vacations & Sales License #288578 Listed on: 01/23/2020

Last Buyer's Agent

John Myers

Twiddy and Co. - Duck License #69112

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,133

Year Built

  • Built in 1984

Lot Details

  • 0.8 Acre Lot
  • Lot Dimensions are 100 x 350
  • 100 Feet of Waterfront
  • Ocean Front
  • Fenced Yard
  • Landscaped
  • Level Lot
  • Sprinkler System
  • Property is zoned single fam

HOA Fees

  • $5 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Coastal Architecture
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Shake Siding
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 4,300 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • Bay Window
  • Entrance Foyer
  • Home Theater
  • Loft
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Patio
  • Exterior Lighting
  • Storage Shed

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 1 / 1

Community Details

Overview

  • Built by effective age 2000 per county
  • Whalehead Club Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,133

Year Built

Built in 1984

Lot Details

0

HOA Fees

$5 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Directions: In Whalehead Club Beach Community. Turn right on Dolphin St (across the street from Ace Hardware) then Left on Lighthouse Dr to 897. Lockbox on front door.
  • Extras: Boardwalk to Beach, Ceiling Fan(s), Fenced Yard, Hot Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Patio, Smoke Detector(s), Storage Shed, Sun Deck
  • Flood Zone: X
  • Headline: Excellent Updated Oceanfront!
  • Heated Sq Ft: 4300
  • L V T Date: 01/23/2020
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 11
  • Waterfront Location: Oceanfront
  • Zoning: single fam
  • Advertised Income 2020: 147250
  • Deed Book Pg Number: 151
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C19850
  • 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, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 6
  • Countertops: Granite, Solid Surface
  • Electronic Locks: Owned
  • Floor Coverings: Carpet, Ceramic Tile, Vinyl Tile
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Bay/Bow Window, Cathedral Ceiling(s), Pantry, Walk in Closet, Wet Bar
  • Optional Rooms: Foyer, Game Room, Loft, Media Room
  • Partial Bathrooms: 2

Exterior Features

  • Homebuilder: effective age 2000 per county
  • Construction: Frame
  • Exterior: Lap Siding, Shakes, Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Concrete, Custom, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 100
  • View: Ocean
  • Water Frontage: 100

Garage/Parking

  • Parking: Off Street

Utilities

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

Condo/Co-op/Association

  • Association Fee: Yes
  • Estimated Annual Fee: 60
  • Hoa Contact: N.A
  • HOA Contact: N.A
  • Home Owner Dwelling Insurance: 1400

Lot Info

  • Estimated Lot Sq Ft: 35000
  • Lot Description: Level
  • Lot Faces: east facing .8 acre lot
  • Lot Size: 100 x 350
  • Lot Number: Lot 1
  • Estimated Lot Size: 0.80
  • Deed Book: 1242

Rental Info

  • Flood Expenses: 740
  • Maintenance Expenses: 850
  • Other Expenses: 7276
  • Other Expenses2: 4627
  • Poolspa Expense: 4650
  • Rental Co: VRBO
  • Rental Cottage Name: Spice of Life
  • Rental Cottage Number: # 467724
  • Rental Phone Number: 202.213.9627
  • Rental Turnover Day: Sunday
  • Total Expenses: 32669
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 2616
  • Annual Electric: 3660
  • Annual Water Expense: 1886
  • Rental Contact Email: lynnhoffmann11@gmail.com
  • Rental Contact Name: Lynn Hoffmann 2022139627/ Great Escapes Vacations
  • Rental Contact Phone: 202.213.9627

Building Info

  • Year Built: 1984

Tax Info

  • Year: 2019
  • Taxes: 9132.53

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2020
Closed on
Nov 10, 2020
Sold by
Hoffman Richard R and Hoffman Lynn E
Bought by
Bitar Rosana and Rung Christopher S
Seller's Agent
Lynn Hoffmann
Great Escapes Vacations & Sales
Buyer's Agent
John Myers
Twiddy and Co. - Duck
List Price
$1,430,000
Sold Price
$1,400,000
Premium/Discount to List
-$30,000
-2.1%
Current Estimated Value
$2,446,263

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,046,263
Avg. Annual Appreciation
11.61%
Original Mortgage
$1,120,000
Outstanding Balance
$992,083
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,454,180

Purchase Details

Listed on
Dec 24, 2012
Closed on
Mar 7, 2013
Sold by
Hanson Steven H and Talbert Terry L
Bought by
Hoffmann Richard R and Hoffmann Lynn E
Seller's Agent
Chandler Spawr
Coastal Property Partners
Buyer's Agent
Nick Martini
Dareprox, LLC
List Price
$1,185,000
Sold Price
$1,100,000
Premium/Discount to List
-$85,000
-7.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.19%
Original Mortgage
$698,750
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bitar Rosana $1,400,000 None Available
Hoffmann Richard R $1,100,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bitar Rosana $1,120,000
Previous Owner Hoffmann Richard R $698,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/24/2020 11/24/20 Sold $1,400,000 -2.1% $326 / Sq Ft
09/22/2020 09/22/20 Pending -- -- --
07/17/2020 07/17/20 For Sale $1,430,000 0.0% $333 / Sq Ft
06/19/2020 06/19/20 Pending -- -- --
01/23/2020 01/23/20 For Sale $1,430,000 +30.0% $333 / Sq Ft
03/25/2013 03/25/13 Sold $1,100,000 -7.2% $358 / Sq Ft View Prior Sale
02/09/2013 02/09/13 Pending -- -- --
12/24/2012 12/24/12 For Sale $1,185,000 -- $385 / 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 $13,254 $1,544,500 $1,094,800 $449,700
2024 $13,254 $1,530,900 $1,094,800 $436,100
2023 $13,122 $1,476,600 $1,094,800 $381,800
2022 $10,667 $1,476,600 $1,094,800 $381,800
2021 $10,652 $1,236,900 $833,000 $403,900
2020 $9,133 $1,236,900 $833,000 $403,900
2019 $9,133 $1,236,900 $833,000 $403,900
2018 $0 $1,236,900 $833,000 $403,900
2017 $8,484 $1,236,900 $833,000 $403,900
2016 $8,547 $1,236,900 $833,000 $403,900
2015 $8,547 $1,228,800 $833,000 $395,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 108001

Outer Banks Association of REALTORS®

APN: 115A-000-0001-0011