NOT LISTED FOR SALE

899 Lighthouse Dr Corolla, NC 27927

Estimated Value: $2,802,000 - $3,397,000

12 Beds
14 Baths
5,970 Sq Ft
$514/Sq Ft Est. Value

Last Sold June 17, 2015

Last sale price $2,350,000 $394 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $17,446/month

532 Days on Market

Highlights

  • Ocean Front
  • Home Theater
  • 35,000 Sq Ft lot
  • Beach Access
  • Concrete Pool
  • Second Refrigerator

About This Home

As of June 2015

Oceanfront 12 bedroom rental machine located in Whalehead Beach. This oceanfront estate rents for over $244,000 annually but shows like a 2nd home! Property offers 12 master bedrooms (all private bathrooms) and over 5,900 square feet of living space and tons of outdoor living space. Interior of home is professionally decorated and it shows! Upgrades include gourmet kitchen with granite countertops, elevator, media / theatre room with tiered seating, game room with pool table, large office / den entry area to name a few. Endless exterior space including private concrete pool, large oceanfront gazebo, tiki bar / outdoor bar with TV. The amenities in this home are endless and you won't be disappointed! Top quality home built by Olin Finch!

Last Agent to Sell the Property

Matt Myatt

Keller Williams - Outer Banks License #218707 Listed on: 10/29/2013

Keller Williams - Outer Banks

Last Buyer's Agent

Matt Myatt

Keller Williams - Outer Banks License #218707 Listed on: 10/29/2013

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,858

Year Built

  • Built in 2006

Lot Details

  • 0.8 Acre Lot
  • Lot Dimensions are 100 x 350
  • Ocean Front
  • Fenced Yard
  • Landscaped
  • Level Lot
  • Sprinkler System

Home Design

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

Interior Spaces

  • 5,970 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Home Theater
  • Library
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Beach Access
  • Sun Deck
  • Covered Deck
  • Patio
  • Exterior Lighting
  • Gazebo
  • Tiki or Chickee Hut

Utilities

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

Listing and Financial Details

  • Tax Lot #13

Community Details

Overview

  • Built by Olin Finch
  • Whalehead Club Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,858

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: Highway 12 - East on Dolphin Street, Left on Lighthouse, House on Right.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Elevator, Fenced Yard, Gazebo, Hot Tub, Jet Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Patio, Smoke Detector(s), Sun Deck, Tiki Bar
  • Flood Zone: VE
  • Headline: 12 Bedroom Rental Machine!
  • Heated Sq Ft: 5970
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 10
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 0768
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Countertop Range, Dishwasher, Dryer, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 12
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Tile, Wood, Hardwood
  • Foundation: Piling, Slab
  • Full Bathrooms: 12
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Some Windows Treated, Walk in Closet, Washer Connection, Wet Bar
  • Optional Rooms: Game Room, Library/Study, Pantry, Home Theater, Media Room
  • Partial Bathrooms: 2

Exterior Features

  • Homebuilder: Olin Finch
  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Concrete
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Paved, Off Street

Utilities

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

Lot Info

  • Estimated Lot Sq Ft: 35000
  • Lot Description: Level, Water Frontage
  • Lot Size: 100 x 350
  • Lot Number: Lot #13
  • Deed Book: 1142

Rental Info

  • Est Annual Rental Income: 271685
  • Estimated Rental Performance: 0.1156
  • Rental Co: Carolina Designs
  • Rental Cottage Name: Poseidon
  • Rental Cottage Number: 691
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 2006

Tax Info

  • Year: 2013
  • Taxes: 10857.92

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2013
Closed on
Jun 3, 2015
Sold by
Hatteras Homes Llc
Bought by
Tocci Matthew and Tocci Quynh Trang
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Matt Myatt
Keller Williams - Outer Banks
List Price
$2,495,000
Sold Price
$2,350,000
Premium/Discount to List
-$145,000
-5.81%
Current Estimated Value
$3,070,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$720,204
Avg. Annual Appreciation
2.57%
Original Mortgage
$1,175,000
Outstanding Balance
$426,520
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$2,643,684

Purchase Details

Closed on
Nov 23, 2010
Sold by
Ely John H and Ely Kay T
Bought by
Hatteras Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
4.2%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 7, 2005
Sold by
Ely John H and Ely Kay T
Bought by
Ely John H and Ely Kay T
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Tocci Matthew $2,350,000 Attorney
Hatteras Homes Llc $2,000,000 None Available
Ely John H -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tocci Matthew $1,175,000
Previous Owner Hatteras Homes Llc $1,300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2015 06/17/15 Sold $2,350,000 -5.8% $394 / Sq Ft
04/14/2015 04/14/15 Pending -- -- --
10/29/2013 10/29/13 For Sale $2,495,000 -- $418 / 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 $16,320 $2,140,000 $1,094,800 $1,045,200
2024 $16,320 $1,902,800 $1,094,800 $808,000
2023 $16,304 $1,902,800 $1,094,800 $808,000
2022 $13,727 $1,902,800 $1,094,800 $808,000
2021 $13,712 $1,544,900 $833,000 $711,900
2020 $11,413 $1,544,900 $833,000 $711,900
2019 $11,413 $1,544,900 $833,000 $711,900
2018 $11,413 $1,555,300 $833,000 $722,300
2017 $10,674 $1,555,300 $833,000 $722,300
2016 $10,753 $1,555,300 $833,000 $722,300
2015 $10,778 $1,555,300 $833,000 $722,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 81135

Outer Banks Association of REALTORS®

APN: 115A-000-0013-0010