NOT LISTED FOR SALE

944 Corolla Dr Corolla, NC 27927

Estimated Value: $1,159,000 - $1,232,000

7 Beds
7.5 Baths
4,235 Sq Ft
$283/Sq Ft Est. Value

Last Sold December 23, 2019

Last sale price $605,000 $143 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $6,726/month

127 Days on Market

Highlights

  • Ocean View
  • Second Refrigerator
  • Cathedral Ceiling
  • In Ground Pool
  • Coastal Architecture
  • Furnished

About This Home

As of December 2019

Shell Yeah - this is the house for you! Welcome to a wonderfully appointed home located in the Whalehead Club in Corolla. Just steps from the direct boardwalk to the beach access, you will find yourself enjoying the ocean in about 500 yards! From the moment you step inside, your every wish is met. Start with the wonderful reverse floor plan that provides for ocean views and not one but two master bedrooms on the top floor, flanking a huge living room and dining room. The updated and stocked kitchen provides room for multiple cooks and you are not seeing double… there are two refrigerators and two dishwashers in the kitchen to make meal prep and clean up a breeze. On the mid level you will find a cozy entertainment area, perfect for curling up with a good book or just finding some quiet space. 4 more bedrooms are located on this level including 3 master bedrooms and a 4th that shares the hallbath with the living area. On the ground floor there is a large game room complete with pool table and wet bar with 3rd refrigerator.2 levels of decking, overlooking the pool, provide lots of sun and shaded outdoor space. The pool and hot tub are perfect for hours of fun or challenge friends and family to a game of volleyball on the backyard court. To top it all off, all levels are easily accessible via the elevator. Owners have done many updates over the last couple of years including interior paint, updating kitchen, new furniture in many rooms, new TV's and more. This home has the living, sleeping and "fun space" for everyone - don't miss out on this beach treasure! Check out the virtual tour and see for yourself.

Last Agent to Sell the Property

Danielle Taylor

Keller Williams - Outer Banks License #273134 Listed on: 07/16/2019

Keller Williams - Outer Banks

Last Buyer's Agent

Hugh Willey

Sun Realty - KDH License #238260

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,349

Year Built

  • Built in 2002

Lot Details

  • 0.46

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 4,235 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Library
  • Game Room
  • Screened Porch
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Second Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

  • In Ground Pool
  • Outdoor Pool
  • Spa

Utilities

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

Additional Features

  • Sun Deck
  • 0.46 Acre Lot

Community Details

  • Whalehead Club Subdivision

Listing and Financial Details

  • Tax Lot #70

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,349

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: North on Hwy 12. Right on Bonito, left on Corolla Drive.
  • Extras: Elevator, Hot Tub, Screened Porch, Sun Deck, Dry Entry, Inside Laundry Room
  • Flood Zone: X
  • Headline: Over 14% GrossProjected Rents!
  • Heated Sq Ft: 4235
  • L V T Date: 07/16/2019
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 9
  • Waterfront Location: More than 5th row
  • Zoning: Res
  • Advertised Income 2020: 39150
  • Deed Book Pg Number: 730
  • 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, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 7
  • Floor Coverings: Carpet, Ceramic Tile
  • Foundation: Piling, Slab
  • Full Bathrooms: 7
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Ensuite, Washer Connection, Wet Bar
  • Optional Rooms: Game Room, Library/Study
  • Partial Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • Home Owner Dwelling Insurance: 1256

Lot Info

  • Estimated Lot Sq Ft: 20000
  • Lot Number: Lot #70
  • Estimated Lot Size: 0.46
  • Deed Book: 1413

Rental Info

  • Est Annual Rental Income: 87875
  • Estimated Rental Performance: 0.1452
  • Poolspa Expense: 4500
  • Rental Co: Beach Realty & Construction
  • Rental Cottage Name: Shell Yeah
  • Rental Cottage Number: C7070
  • Rental Turnover Day: Saturday
  • Annual Cable TV Expense: 1998
  • Annual Electric: 3647
  • Annual Water Expense: 1175

Building Info

  • Year Built: 2002

Tax Info

  • Year: 2018
  • Taxes: 4349

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2019
Closed on
Dec 23, 2019
Sold by
Stephenson Edward H and Stephenson Joyce E
Bought by
Cornu Michael J and Budi Katalin
Seller's Agent
Danielle Taylor
Keller Williams - Outer Banks
Buyer's Agent
Hugh Willey
Sun Realty - KDH
List Price
$625,000
Sold Price
$605,000
Premium/Discount to List
-$20,000
-3.2%
Current Estimated Value
$1,199,449

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$594,449
Avg. Annual Appreciation
12.04%
Original Mortgage
$480,000
Outstanding Balance
$421,361
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$778,088

Purchase Details

Listed on
Apr 17, 2017
Closed on
Jul 17, 2017
Sold by
Mcglone Patricia H
Bought by
Stephenson Edward H and Stephenson Joyce E
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Danielle Taylor
Keller Williams - Outer Banks
List Price
$599,000
Sold Price
$577,500
Premium/Discount to List
-$21,500
-3.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.94%
Original Mortgage
$462,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 31, 2003
Bought by
Mcglone Dennis M and Mcglone Patricia Hart
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
Cornu Michael J $605,000 None Available
Stephenson Edward H $577,500 Attorney
Mcglone Dennis M $835,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cornu Michael J $480,000
Previous Owner Stephenson Edward H $462,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/23/2019 12/23/19 Sold $605,000 -1.6% $143 / Sq Ft
11/20/2019 11/20/19 Pending -- -- --
09/04/2019 09/04/19 Price Changed $615,000 -1.6% $145 / Sq Ft
07/16/2019 07/16/19 For Sale $625,000 +8.2% $148 / Sq Ft
07/24/2017 07/24/17 Sold $577,500 -3.6% $131 / Sq Ft View Prior Sale
06/18/2017 06/18/17 Pending -- -- --
04/17/2017 04/17/17 For Sale $599,000 -- $136 / 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 $5,288 $581,900 $125,000 $456,900
2024 $5,288 $581,900 $125,000 $456,900
2023 $4,784 $581,900 $125,000 $456,900
2022 $4,469 $581,900 $125,000 $456,900
2021 $4,454 $571,000 $160,000 $411,000
2020 $4,345 $571,000 $160,000 $411,000
2019 $4,345 $571,000 $160,000 $411,000
2018 $4,345 $571,000 $160,000 $411,000
2017 $4,036 $571,000 $160,000 $411,000
2016 $4,065 $571,000 $160,000 $411,000
2015 $4,065 $571,000 $160,000 $411,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 105857

Outer Banks Association of REALTORS®

APN: 115A-000-0070-0009