NOT LISTED FOR SALE

948 Corolla Dr Corolla, NC 27927

Estimated Value: $729,000 - $1,085,000

6 Beds
4.5 Baths
3,200 Sq Ft
$295/Sq Ft Est. Value

Last Sold May 22, 2018

Last sale price $565,000 $177 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $5,437/month

7 Days on Market

Highlights

  • In Ground Pool
  • Coastal Architecture
  • Wood Flooring
  • Rooftop Deck
  • Cathedral Ceiling
  • Corner Lot

About This Home

As of May 2018

An excellent corner location, next to the walkway to the beach for easy access. Views from the rooftop deck! A new, fresh look with new living and dining room furniture. All recently added in early March. New Kitchen bar stools as well. The huge 3rd level is designed for easy living and even has an additional 2nd dining area. New table and chairs in there too! New bed spreads throughout. Nice, hardwood floors on the 2nd and 3rd level. Ceramic tile throughout the ground level. There is a large pool ( 14X30 ) and hot tub to keep guests busy. There is an outside shower and loo as well. The game room has a pool table with a 2nd fridge and wet bar. All are important to guests as this home has had strong, consistent rentals through the years with CCV. This home is solid and worth taking a look!

Last Agent to Sell the Property

Eddie Kavanaugh

Keller Williams - Outer Banks License #126307 Listed on: 03/23/2018

Keller Williams - Outer Banks

Co-Listed By

Denise Graham

Keller Williams - Outer Banks License #190990

Last Buyer's Agent

Glenn Jungen

Twiddy and Company - Corolla License #224940

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,460

Year Built

  • Built in 2001

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 100 x 200
  • Corner Lot
  • Level Lot

HOA Fees

  • $4 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 3,200 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Game Room

Kitchen

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

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Storm Doors
  • Fire and Smoke Detector

Parking

  • Tuck Under Parking
  • Paved Parking
  • Off-Street Parking

Pool

  • In Ground Pool
  • Outdoor Pool
  • Vinyl Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Rooftop Deck
  • Covered Deck
  • Exterior Lighting

Utilities

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

Community Details

  • Whalehead Club Subdivision

Listing and Financial Details

  • Legal Lot and Block 62 / 8

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,460

Year Built

Built in 2001

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Right on Bonito, left on Corolla Dr. 948 will be on left a few blocks N.
  • Extras: Ceiling Fan(s), Covered Decks, Hot Tub, Outside Lighting, Outside Shower, Smoke Detector(s), Storm Doors, Sun Deck, Roof Top Deck, Inside Laundry Room
  • Flood Zone: X
  • Headline: Corner Lot next to walkway!
  • Heated Sq Ft: 3200
  • L V T Date: 03/23/2018
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: More than 5th row
  • Zoning: Res
  • Deed Book Pg Number: 427
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C11444
  • 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: 6
  • Bedroom 1: King MBR, On Level: 2
  • Bedroom 2: King MBR, On Level: 2
  • Bedroom 3: King, On Level: 2
  • Bedroom 4: 2 Singles, On Level: 2
  • Bedroom 5: Queen, On Level: 1
  • Bedroom 6: Queen, On Level: 1
  • Kitchen: On Level: 3
  • Countertops: Laminate, Solid Surface
  • Floor Coverings: Tile, Vinyl, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Washer Connection, Wet Bar
  • Dining Room: On Level: 3
  • Family Room: On Level: 3
  • Game Room: On Level: 1
  • Living Room: On Level: 3
  • Optional Rooms: Foyer, Game Room
  • Partial Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street, Under

Utilities

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

Condo/Co-op/Association

  • Association Fee: Voluntary - Restrictive Covenants May Apply
  • Estimated Annual Fee: 45

Lot Info

  • Estimated Lot Sq Ft: 20000
  • Lot Description: Corner, Level
  • Lot Size: 100 X 200
  • Lot Number: Lot 62
  • Estimated Lot Size: 0.46
  • Deed Book: 878

Rental Info

  • Est Annual Rental Income: 59000
  • Estimated Rental Performance: 0.1044
  • Lease Terms: Weekly
  • Rental Co: Vacasa - North
  • Rental Cottage Name: Unbelievable
  • Rental Cottage Number: 450
  • Rental Phone Number: 252-453-9660
  • Rental Turnover Day: Sunday
  • Rental Contact Email: billy.casper@corollaclassicvacatiions.com
  • Rental Contact Name: Billy Casper 252-453-5014 Corolla Classic Vacati
  • Rental Contact Phone: 252-453-9660

Building Info

  • Year Built: 2001

Tax Info

  • Year: 2017
  • Taxes: 3460

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2018
Closed on
May 22, 2018
Sold by
Gerace Douglas M and Gerace Laila
Bought by
Kropaczek Edward and Kropaczek Catherine
Seller's Agent
Eddie Kavanaugh
Keller Williams - Outer Banks
Buyer's Agent
Glenn Jungen
Twiddy and Company - Corolla
List Price
$595,000
Sold Price
$565,000
Premium/Discount to List
-$30,000
-5.04%
Current Estimated Value
$967,477

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$402,477
Avg. Annual Appreciation
6.95%
Original Mortgage
$415,000
Outstanding Balance
$355,790
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$587,946

Purchase Details

Closed on
Jun 27, 2005
Sold by
Reynolds Luther T and Reynolds Caroline D
Bought by
Gerace Douglas M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Kropaczek Edward $565,000 None Available
Gerace Douglas M $949,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kropaczek Edward $415,000
Previous Owner Gerace Douglas M $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/22/2018 05/22/18 Sold $565,000 -5.0% $177 / Sq Ft
03/30/2018 03/30/18 Pending -- -- --
03/23/2018 03/23/18 For Sale $595,000 -- $186 / 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 $4,487 $490,800 $131,300 $359,500
2024 $4,487 $490,800 $131,300 $359,500
2023 $4,062 $490,800 $131,300 $359,500
2022 $3,796 $490,800 $131,300 $359,500
2021 $3,785 $515,100 $168,000 $347,100
2020 $3,908 $515,100 $168,000 $347,100
2019 $3,726 $490,200 $168,000 $322,200
2018 $3,726 $490,200 $168,000 $322,200
2017 $3,461 $490,200 $168,000 $322,200
2016 $3,485 $490,200 $168,000 $322,200
2015 -- $490,200 $168,000 $322,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 99789

Outer Banks Association of REALTORS®

APN: 115A-000-0062-0008