NOT LISTED FOR SALE

973 Lighthouse Dr Corolla, NC 27927

Estimated Value: $1,483,000 - $2,179,000

4 Beds
3 Baths
1,809 Sq Ft
$1,074/Sq Ft Est. Value

Last Sold February 16, 2023

Last sale price $1,999,000 $1,105 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $11,057/month

41 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Traditional Architecture
  • Community Beach Access
  • In Ground Pool
  • Cathedral Ceiling

About This Home

As of February 2023

This charming Oceanfront Cottage beckons you in with its landscaped yard and ample parking. Reminiscent of days when spending a beach week on the Outer Banks was like heading to the edge of the world; a hidden oasis. The interior welcomes guests with a centralized kitchen and oversized island for dining. Two separate living areas sit on each side of the kitchen giving guests plenty of room to spread out and relax. The juniper wood tongue and groove ceilings and the gas fireplace (currently not hooked up) add to the cottage charm of this seaside getaway. The first floor also hosts two bedrooms; each with two twin beds allowing for multiple families to enjoy vacationing together. Following the whimsical spiral staircase to the top floor takes you to the two principal suites. Each suite has a private balcony, room for a King size bed and ocean views! When the outside beckons you, sunning by and swimming in the backyard pool or jumping in the hot tub is the perfect place to unwind. But, of course, the beautiful Outer Banks waters and wide Corolla beaches are an easy walk over the well vegetated, protective dune so that you can enjoy Oceanside fun as well as pool lounging! This home is a quick bike ride to shops and restaurants making it a perfect getaway location. “Mother Earth, Father Sky” is a special home that will please anyone looking to recapture their childhood days spent on the Outer Banks! Endless possibilities on this large lot with a stable, vegetated dune! Be sure to view the virtual tour by clicking link or cut/paste into browser: https://my.matterport.com/show/?m=Haece8PaPKA Seller has signed with Carolina Shores for 2023.

Last Agent to Sell the Property

Heather McLay

OBX Homes License #188982 Listed on: 09/04/2022

OBX Homes

Co-Listed By

Crystal Swain

Twiddy and Company - Corolla License #321765

Last Buyer's Agent

Sandra LaRue

Corolla Beach Realty License #244093

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,086

Year Built

  • Built in 1983

Lot Details

  • Beach Front
  • Landscaped
  • Level Lot

Parking

  • Paved Parking

Home Design

  • Traditional Architecture
  • Beach Box Architecture
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Piling Construction

Interior Spaces

  • 1,809 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Loft
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

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

Outdoor Features

  • Sun Deck

Utilities

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

Listing and Financial Details

  • Tax Lot 2

Community Details

Overview

  • Whalehead Club Subdivision

Recreation

  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,086

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Beach Box, Traditional
  • Directions: Head north from Duck on Hwy 12. Turn right onto Bonito St Turn left onto Lighthouse Dr. and the house will be on the right.
  • Extras: Ceiling Fan(s), Hot Tub, Landscaped, Outside Shower, Smoke Detector(s), Sun Deck
  • Headline: Classic Oceanfront Cottage!
  • Heated Sq Ft: 1809
  • L V T Date: 09/04/2022
  • Roads: Paved
  • Sale/Rent: For Sale
  • Section: 8
  • Waterfront Location: Oceanfront
  • Zoning: res
  • Deed Book Pg Number: 78
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C4556
  • 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
  • Bedrooms: 4
  • Countertops: Laminate
  • Floor Coverings: Carpet, Tile, Vinyl, Wood
  • Foundation: Piling
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Washer Connection
  • Optional Rooms: Loft

Exterior Features

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

Garage/Parking

  • Garage: Carport
  • Parking: Paved

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Ocean Access

Lot Info

  • Lot Description: Beach Frontage, Level
  • Lot Number: Lot 2
  • Deed Book: 1029

Rental Info

  • Est Annual Rental Income: 76076
  • Estimated Rental Performance: 0.0381
  • Lease Terms: Weekly
  • Rental Co: Carolina Shores
  • Rental Cottage Name: Mother Earth Father Sky
  • Rental Cottage Number: WH973
  • Rental Phone Number: 1.866.418.5263
  • Rental Turnover Day: Friday
  • Rental Contact Email: brenda@outerbankscarolinavacations.com
  • Rental Contact Name: Brenda McNeill
  • Rental Contact Phone: 252-715-1901

Building Info

  • Year Built: 1983

Tax Info

  • Year: 2022
  • Taxes: 9085.86

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 4, 2024
Sold by
Varacallo Christopher P and Varacallo Elissa A
Bought by
Vareh Enterprises Llc
Current Estimated Value
$1,943,726

Purchase Details

Closed on
Dec 2, 2022
Sold by
Kenneth B Swenson Family Trust
Bought by
Varacallo Christopher P and Varacallo Elissa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,499,250
Interest Rate
6.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 2007
Sold by
Swenson Kenneth B and Swenson Kathleen L
Bought by
Swenson Kenneth B and The Kenneth B Swenson Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Vareh Enterprises Llc -- None Listed On Document
Varacallo Christopher P $29,994,000 None Listed On Document
Swenson Kenneth B -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Varacallo Christopher P $1,499,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/16/2023 02/16/23 Sold $1,999,000 0.0% $1,105 / Sq Ft
10/15/2022 10/15/22 Pending -- -- --
10/11/2022 10/11/22 Price Changed $1,999,000 -7.0% $1,105 / Sq Ft
09/27/2022 09/27/22 Price Changed $2,149,000 -2.3% $1,188 / Sq Ft
09/04/2022 09/04/22 For Sale $2,199,000 -- $1,216 / 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 $10,845 $1,262,200 $1,094,800 $167,400
2024 $10,845 $1,262,200 $1,094,800 $167,400
2023 $10,829 $1,262,200 $1,094,800 $167,400
2022 $9,086 $1,262,200 $1,094,800 $167,400
2021 $9,073 $995,000 $833,000 $162,000
2020 $7,303 $995,000 $833,000 $162,000
2019 $7,303 $995,000 $833,000 $162,000
2018 $7,303 $995,000 $833,000 $162,000
2017 $6,783 $995,000 $833,000 $162,000
2016 $6,834 $995,000 $833,000 $162,000
2015 $6,838 $995,000 $833,000 $162,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 120246

Outer Banks Association of REALTORS®

APN: 115A-000-0002-0008