NOT LISTED FOR SALE

976 Lighthouse Dr Corolla, NC 27927

Estimated Value: $1,513,000 - $1,693,000

8 Beds
7.5 Baths
4,573 Sq Ft
$353/Sq Ft Est. Value

Last Sold May 26, 2021

Last sale price $1,200,000 $262 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $9,070/month

213 Days on Market

Highlights

  • Ocean Front
  • Home Theater
  • Second Refrigerator
  • Beach Access
  • In Ground Pool
  • Craftsman Architecture

About This Home

As of May 2021

8 Bedroom, nicely remodeled semioceanfront rental machine, located just 2 lots from the boardwalk to the one of the nicest beaches on the OBX. This spacious home offers a private gunite pool, hot tub, elevator, rec room with a pool table and a theater room, a great vacation home that handles a large family group with ease and comfort. This house has all the amenities the renters are looking for in a great vacation. Close to the beach access with good ocean views, convenient to shopping, restaurants and all the historical Corolla attractions. Just a short ride to the 4 Wheel Drive for a fun ride up the beach to fish or look at the wild horses. Already booked 116K in 2021!!

Last Agent to Sell the Property

William Hogan

Twiddy and Co. - Duck License #103949 Listed on: 08/13/2020

Last Buyer's Agent

Connie Gray

Island Crest OBX Realty License #170963

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,731

Year Built

  • Built in 1986

Lot Details

  • Ocean Front
  • Level Lot

Home Design

  • Craftsman Architecture
  • Coastal Architecture
  • Contemporary Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked
  • Vinyl Construction Material

Interior Spaces

  • 4,573 Sq Ft Home
  • Elevator
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Home Theater
  • Game Room
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

  • In Ground Pool
  • Gunite Pool
  • Outdoor Pool
  • Spa

Outdoor Features

  • Beach Access
  • Sun Deck
  • Covered Deck

Utilities

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

Community Details

  • Built by Remodel by Finch and Co
  • Whalehead Club Subdivision

Listing and Financial Details

  • Tax Lot 15

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,731

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Craftsman, Coastal
  • Directions: Go north on NC 12 past Tim Buck 2, then right on Bonito, left on Lighthouse to 976
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Elevator, Hot Tub, Sun Deck
  • Flood Zone: X
  • Headline: 8 BR semi
  • Heated Sq Ft: 4573
  • L V T Date: 08/14/2020
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: res
  • Advertised Income 2020: 112725
  • Deed Book Pg Number: 758
  • 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 w/Ice Maker, Washer, 2nd Refrigerator
  • Bedrooms: 8
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Wood
  • Foundation: Piling
  • Full Bathrooms: 7
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Gas Fireplace
  • Optional Rooms: Game Room, Home Theater
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: Remodel by Finch and Co
  • Construction: Frame
  • Exterior: Vinyl, Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Gunite, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Paved, Off Street

Utilities

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

Lot Info

  • Lot Description: Level
  • Lot Number: Lot 15
  • Deed Book: 1317

Rental Info

  • Est Annual Rental Income: 112725
  • Estimated Rental Performance: 0.0939
  • Lease Terms: Weekly
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Beach Melody
  • Rental Cottage Number: J20976
  • Rental Phone Number: 457-1100
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 1986

Tax Info

  • Year: 2020
  • Taxes: 5731

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2020
Closed on
Apr 16, 2021
Sold by
Tp Realty Investments I Llc
Bought by
Granville Eric and Granville Joyce
Seller's Agent
William Hogan
Twiddy and Co. - Duck
Buyer's Agent
Connie Gray
Island Crest OBX Realty
List Price
$1,250,000
Sold Price
$1,200,000
Premium/Discount to List
-$50,000
-4%
Current Estimated Value
$1,615,734

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$415,734
Avg. Annual Appreciation
6.68%
Original Mortgage
$220,000
Outstanding Balance
$160,958
Interest Rate
2.4%
Mortgage Type
New Conventional
Estimated Equity
$1,454,776

Purchase Details

Closed on
Feb 17, 2015
Sold by
Richardson Robert H and Richardson Laura R
Bought by
Tp Realty Investments I Llc

Purchase Details

Closed on
Apr 10, 2012
Sold by
Richardson Robert H and Richardson Laura R
Bought by
Richardson Robert H and Richardson Laura R

Purchase Details

Closed on
Oct 22, 2008
Sold by
Crumpler Peter D
Bought by
Reed Warren Kenneth and Richardson Robert H

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
5.25%
Mortgage Type
Purchase Money Mortgage
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
Granville Eric $1,200,000 None Available
Tp Realty Investments I Llc $1,000,000 None Available
Richardson Robert H -- None Available
Reed Warren Kenneth $700,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Granville Eric $220,000
Previous Owner Reed Warren Kenneth $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2021 05/26/21 Sold $1,200,000 -4.0% $262 / Sq Ft
03/14/2021 03/14/21 Pending -- -- --
08/13/2020 08/13/20 For Sale $1,250,000 -- $273 / 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 $7,553 $845,200 $400,000 $445,200
2024 $7,553 $845,200 $400,000 $445,200
2023 $7,537 $845,200 $400,000 $445,200
2022 $6,385 $845,200 $400,000 $445,200
2021 $6,370 $753,500 $330,000 $423,500
2020 $5,731 $753,500 $330,000 $423,500
2019 $5,731 $753,500 $330,000 $423,500
2018 $5,731 $751,800 $330,000 $421,800
2017 $5,326 $751,800 $330,000 $421,800
2016 $5,365 $751,800 $330,000 $421,800
2015 -- $751,800 $330,000 $421,800
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 110561

Outer Banks Association of REALTORS®

APN: 115A-000-0015-0007