NOT LISTED FOR SALE

931 Corolla Dr Corolla, NC 27927

Estimated Value: $793,636 - $940,000

4 Beds
3 Baths
1,824 Sq Ft
$470/Sq Ft Est. Value

Last Sold December 29, 2022

Last sale price $875,000 $480 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $4,805/month

239 Days on Market

Highlights

  • Community Beach Access
  • Second Refrigerator
  • Engineered Wood Flooring
  • In Ground Pool
  • Coastal Architecture
  • Furnished

About This Home

As of December 2022

Impeccable attention to detail is demonstrated in this Pristine Gorgeous Remodeled 4 lots Ocean Front 4 Bedroom, 3 Bath Whalehead Home. Finally, here is the great opportunity that you have been waiting for. It is seldom that one finds such a quality updated bright and open home that has been meticulously maintained and located this close to the ocean. The huge oversized Pool Area with Gazebo has great potential for outdoor activities. Estimated OWNER Gross Rental Projection is $77,000 without a Hot Tub which is 7.9% GRI on OWNER Gross Rental Income Or $94,600 if a Hot Tub is added which is a 9.65% GRI on OWNER Gross Rental Income. Home is located on a spacious 20,000 Sq Ft lot in the preferred Flood Zone X. The following are some of the Upgrades and Improvements that the sellers have made: 2022 replaced top and midlevel Decks and added Vinyl Railings throughout, new Air Handler and Heat Pump to be installed July 5, 2022, 2022 Painted Exterior, 2016 converted to Paved Driveway, 2014 added Shed in carport, 2013 Hot Water Heater, 2012 new Roof, 2012 All Windows were replaced with Vinyl Windows, 2012 replaced ceiling fans and light fixtures, 2012 Olin Finch Remodel that included Expanded Living area/ Kitchen on top floor, remodeled entire kitchen with beautiful quality cabinets by Cozy Kitchens, Mannington LVS Flooring, Granite counter tops, Tile Back Splash, and Stainless Steel Appliances, added Bathroom on Midlevel, Remodeled Master Bath with Tile Shower / Tile Floor and remodeled Midlevel Bath, added Outdoor Bathroom, 2010 Pool Deck was expanded and a Gazebo was constructed, new Vinyl Fence, Improved Landscaping (rock & boulders). New owner could add outdoor activities to the oversized huge Pool Area/Gazebo and the large protected space under the house such as: Outdoor Pool Table and Outdoor Foosball table. Guests would be spending more time outside and there is less to maintain on a home with 1874 Sq Ft of Heated Living. Plus Estimated OWNER Gross Rental Projection is $94,600 if Hot Tub is added which is a 9.65 % GRI. This 4 Lots Ocean Front home is just a short distance to the beach If you are looking for a Pristine Updated Remodeled home that is beautifully decorated, has an abundance of Decks, Oversized Pool Area, very private yard, located on .46 acres, close to the ocean, in Flood Zone X , 4 bedroom home with less wear and tear than the larger homes Plus has the much sought after estimated OWNER Gross Rental Income of $94,600 (9.65% GRI ) by just adding a hot tub, and with a Voluntary Low Annual HOA fee of $50, then this is the home for you. Call now to schedule a showing.

Last Agent to Sell the Property

Sandra LaRue

Corolla Beach Realty License #244093 Listed on: 04/16/2022

Co-Listed By

Daniel LaRue

Corolla Beach Realty License #257370

Last Buyer's Agent

Kelli Hobbs

Howard Hanna William E. Wood - Currituck License #329243

Howard Hanna William E. Wood - Currituck

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,130

Year Built

  • Built in 1987

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 100 x 200
  • Landscaped
  • Level Lot
  • Property is zoned SFO

HOA Fees

  • $4 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Piling Construction

Interior Spaces

  • 1,824 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Dishwasher
  • Granite Countertops
  • Wood Countertops

Flooring

  • Engineered Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

  • In Ground Pool
  • Fiberglass Pool
  • Outdoor Pool
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Gazebo

Utilities

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

Listing and Financial Details

  • Tax Lot 56

Community Details

Overview

  • Whalehead Club Poa
  • Whalehead Club Subdivision

Recreation

  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,130

Year Built

Built in 1987

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Rt 12 North to Corolla. Right on Bonito and first left on Corolla Drive. Home is located on the right.
  • Extras: Ceiling Fan(s), Covered Decks, Gazebo, Landscaped, Outside Shower, Smoke Detector(s), Sun Deck
  • Flood Zone: X
  • Subdivision Name: Whalehead Club /115A
  • Headline: Pristine Remodeled 4 Lots OF
  • Heated Sq Ft: 1824
  • L V T Date: 04/16/2022
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 9
  • Waterfront Location: 4 - lots from oceanfront (5th row)
  • Zoning: SFO
  • Deed Book Pg Number: 266
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C18834
  • 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, Washer, 2nd Refrigerator
  • Bedrooms: 4
  • Countertops: Granite, Wood
  • Floor Coverings: Carpet, Tile, Engineered Wood
  • Foundation: Piling
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Dryer Connection, Washer Connection

Exterior Features

  • Construction: Frame
  • Exterior: Lap Siding
  • Pool: Yes
  • Pool: Private
  • Pool Type: In Ground, Fiberglass, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 100

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Ocean Access
  • Association Fee: Voluntary - Restrictive Covenants May Apply
  • Estimated Annual Fee: 45
  • Hoa Contact: Whalehead Club POA
  • HOA Contact: www.wpoa.org
  • Home Owner Dwelling Insurance: 1130

Lot Info

  • Estimated Lot Sq Ft: 20000
  • Lot Description: Level
  • Lot Faces: .46
  • Lot Size: 100 x 200
  • Lot Number: Lot 56
  • Estimated Lot Size: 0.46
  • Deed Book: 1068

Rental Info

  • Est Annual Rental Income: 94600
  • Estimated Rental Performance: 0.1081
  • Flood Expenses: 759

Building Info

  • Year Built: 1987

Tax Info

  • Year: 2021
  • Taxes: 3130

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 23, 2025
Sold by
Artibani Tara M and Artibani Frank
Bought by
Simile Michael and Simile Julia L
Current Estimated Value
$857,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$398,884
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$458,525

Purchase Details

Listed on
Apr 16, 2022
Closed on
Dec 22, 2022
Sold by
Saltzer Michael Allen and Saltzer Laura Hughes
Bought by
Artibani Tara M
Seller's Agent
Sandra LaRue
Corolla Beach Realty
Buyer's Agent
Kelli Hobbs
Howard Hanna William E. Wood - Currituck
List Price
$999,999
Sold Price
$875,000
Premium/Discount to List
-$124,999
-12.5%
Views
18

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.68%

Purchase Details

Closed on
Nov 20, 2008
Sold by
Doering Paul E and Doering Mary Ann
Bought by
Ratkus Theodore S and Ratkus Cynthia A

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
5.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 18, 2008
Sold by
Ratkus Theodore S and Ratkus Cynthia A
Bought by
Saltzer Michael Allen and Saltzer Laura Hughes

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
5.89%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Simile Michael $860,000 None Listed On Document
Artibani Tara M $5,250,000 --
Ratkus Theodore S -- None Available
Saltzer Michael Allen $535,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simile Michael $400,000
Previous Owner Saltzer Michael Allen $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2022 12/29/22 Sold $875,000 -2.2% $480 / Sq Ft
12/11/2022 12/11/22 Pending -- -- --
12/11/2022 12/11/22 Price Changed $895,000 -4.3% $491 / Sq Ft
11/15/2022 11/15/22 Price Changed $935,000 -4.6% $513 / Sq Ft
10/09/2022 10/09/22 Price Changed $979,999 -2.0% $537 / Sq Ft
05/23/2022 05/23/22 For Sale $999,999 0.0% $548 / Sq Ft
05/03/2022 05/03/22 Pending -- -- --
04/16/2022 04/16/22 For Sale $999,999 -- $548 / 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 $3,711 $396,100 $175,000 $221,100
2024 $3,711 $396,100 $175,000 $221,100
2023 $3,695 $396,100 $175,000 $221,100
2022 $3,145 $396,100 $175,000 $221,100
2021 $3,130 $373,500 $170,000 $203,500
2020 $2,903 $373,500 $170,000 $203,500
2019 $2,903 $373,500 $170,000 $203,500
2018 $2,903 $373,500 $170,000 $203,500
2017 $2,696 $373,500 $170,000 $203,500
2016 $2,715 $373,500 $170,000 $203,500
2015 $2,715 $373,500 $170,000 $203,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 118507

Outer Banks Association of REALTORS®

APN: 115A-000-0056-0009