NOT LISTED FOR SALE

977 Corolla Dr Corolla, NC 27927

Estimated Value: $945,000 - $1,141,000

5 Beds
3.5 Baths
3,025 Sq Ft
$333/Sq Ft Est. Value

Last Sold December 20, 2013

Last sale price $502,500 $166 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $5,656/month

485 Days on Market

Highlights

  • Ocean View
  • Heated In Ground Pool
  • Furnished
  • Beach Access
  • Cathedral Ceiling
  • Game Room

About This Home

As of December 2013

Ocean views, near a corner for good beach access and home for vacations and your own time. Owners have done a nice job of maintaining this home and a new owner can add their own personal touch to enhance the property and further increase income potential. In fact, owners will provide a credit to help with cosmetic improvement with an acceptable offer. Many nice features include a large game room with pool table, foosball and mini-kitchen; generous sized bedrooms; large great room area with gas fireplace and an abundance of seating. The kitchen is spacious and well equipped. Enjoy days of fun and sun in the 16x32 heated pool and ocean views in the hot tub located on the upper deck. Wrap-around decking provides some undercover seating and sunrise ocean views. This home has so much to offer and will be a new owner's delight!

Last Agent to Sell the Property

Jack & Carol Riggle

Outer Banks Realty Group License #185778 Listed on: 07/14/2012

Co-Listed By

Carol Riggle

Outer Banks Realty Group License #207024

Last Buyer's Agent

Matt Myatt

Keller Williams - Outer Banks License #218707

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,473

Year Built

  • Built in 1997

Lot Details

  • Lot Dimensions are 100x200
  • Irregular Lot

HOA Fees

  • $4 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 3,025 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Game Room
  • Ocean Views

Kitchen

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

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Pool

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

Outdoor Features

  • Beach Access
  • Sun Deck
  • Covered Deck

Utilities

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

Community Details

  • Whalehead Club Subdivision

Listing and Financial Details

  • Tax Lot 56

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,473

Year Built

Built in 1997

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: Rte 12 North to Right on Bonito to Left on Corolla Drive to home on left.
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Hot Tub, Outside Shower, Sun Deck
  • Subdivision Name: Whalehead Club
  • Headline: OCEAN VIEWS & HUGE GREAT ROOM!
  • Heated Sq Ft: 3025
  • Roads: Paved
  • Sale/Rent: For Sale
  • Waterfront Location: 4 - lots from oceanfront (5th row)
  • Zoning: Res
  • Deed Book Pg Number: 170
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 5
  • Countertops: Laminate
  • Floor Coverings: Carpet, Ceramic Tile, Vinyl
  • Foundation: Piling
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Pantry, Washer Connection, Wet Bar
  • Optional Rooms: Game Room
  • Partial Bathrooms: 1

Exterior Features

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

Utilities

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

Condo/Co-op/Association

  • Estimated Annual Fee: 45

Lot Info

  • Lot Description: Irregular Terrain
  • Lot Faces: W
  • Lot Size: 100x200
  • Lot Number: Lot 56
  • Deed Book: 529

Rental Info

  • Est Annual Rental Income: 49214
  • Estimated Rental Performance: 0.0979
  • Lease Terms: Weekly
  • Other Expenses: 170000
  • Rental Co: Sun Realty
  • Rental Cottage Name: NU-Combers Escape
  • Rental Cottage Number: WHL-64
  • Rental Phone Number: 252-453-8822
  • Rental Turnover Day: Sat

Building Info

  • Year Built: 1997

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2013
  • Taxes: 3473.15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2012
Closed on
Dec 20, 2013
Sold by
Mardock Barry F and Mardock Janine E
Bought by
Thomas James W and Thomas Meghan S
Seller's Agent
Jack & Carol Riggle
Outer Banks Realty Group
Buyer's Agent
Matt Myatt
Keller Williams - Outer Banks
List Price
$614,900
Sold Price
$502,500
Premium/Discount to List
-$112,400
-18.28%
Current Estimated Value
$1,006,533

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$504,033
Avg. Annual Appreciation
5.94%
Original Mortgage
$400,000
Outstanding Balance
$230,985
Interest Rate
1.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$775,548
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
Thomas James W $502,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas James W $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2013 12/20/13 Sold $502,500 -18.3% $166 / Sq Ft
11/11/2013 11/11/13 Pending -- -- --
07/14/2012 07/14/12 For Sale $614,900 -- $203 / 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 $4,732 $503,300 $175,000 $328,300
2024 $4,732 $503,300 $175,000 $328,300
2023 $4,716 $503,300 $175,000 $328,300
2022 $4,002 $503,300 $175,000 $328,300
2021 $3,987 $469,700 $170,000 $299,700
2020 $3,687 $469,700 $170,000 $299,700
2019 $3,687 $469,700 $170,000 $299,700
2018 $3,687 $469,700 $170,000 $299,700
2017 $3,435 $469,700 $170,000 $299,700
2016 $3,459 $469,700 $170,000 $299,700
2015 $3,449 $469,700 $170,000 $299,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 75568

Outer Banks Association of REALTORS®

APN: 115A-000-0056-0007