NOT LISTED FOR SALE

978 Corolla Dr Corolla, NC 27927

Estimated Value: $1,069,736 - $1,291,000

8 Beds
5.5 Baths
3,677 Sq Ft
$334/Sq Ft Est. Value

Last Sold August 01, 2019

Last sale price $700,000 $190 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $6,909/month

Highlights

  • Ocean View
  • Second Refrigerator
  • Granite Countertops
  • In Ground Pool
  • Furnished
  • Game Room

About This Home

As of August 2019

THIS IS IT! Beautiful "Country Club" style living in this fabulous and like-new home. Great investment...consistent rental with $80K in 2018 (with owners taking a prime week worth $6500) and $33,000 already booked for 2019. Only $749,000...that's an 12% ROI! Newly updated kitchen with granite counter tops and custom tile. Ocean and Sound views. Excellent location to beach access walkway. MASSIVE decking, large oversized pool (with new pool liner). This home offers so much...hot tub, tiki bar, putt putt golf, playground, corn hole, volleyball, basketball, horse shoes. What more could you ask for? New carpet on bottom level and updated bathroom vanities, 2nd refrigerator in equipped game room, pool table, flat screen TV, new furniture. Large fenced in yard, will accommodate big events...weddings, etc. GUEST COMMENTS: "The house was definitely the best we ever stayed at the Outer Banks" / "Met all the needs of a large family. Upper deck was our favorite hangout".

Last Agent to Sell the Property

Joanne Kepler

Beach Realty & Construction- Corolla License #190335 Listed on: 06/26/2019

Last Buyer's Agent

Cory Taylor

Southern Shores Realty License #225898

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,682

Year Built

  • Built in 2000

Lot Details

  • Fenced Yard

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

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

Interior Spaces

  • 3,677 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Game Room
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck

Utilities

  • Central 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 62

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,682

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Extras: Ceiling Fan(s), Covered Decks, Fenced Yard, Hot Tub, Outside Shower, Smoke Detector(s), Sun Deck, Inside Laundry Room
  • Flood Zone: X
  • Subdivision Name: Whalehead Club
  • Heated Sq Ft: 3677
  • L V T Date: 06/26/2019
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: More than 5th row
  • Zoning: Res
  • Deed Book Pg Number: 407
  • Destination Commerce Corp: Yes
  • Office License Number: C3297
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 8
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Vinyl
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Dryer Connection, Gas Connection, Gas Fireplace, Ensuite, Washer Connection
  • Optional Rooms: Game Room
  • Partial Bathrooms: 1

Exterior Features

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

Utilities

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

Condo/Co-op/Association

  • Home Owner Dwelling Insurance: 6910

Lot Info

  • Lot Number: Lot 62
  • Deed Book: 1336

Rental Info

  • Est Annual Rental Income: 78705
  • Estimated Rental Performance: 0.1124
  • Poolspa Expense: 1386
  • Rental Co: Kitty Hawk Rentals
  • Rental Cottage Name: The Country Club
  • Rental Cottage Number: 7006
  • Rental Phone Number: 453-4141
  • Rental Turnover Day: Saturday
  • Total Expenses: 16667
  • Annual Cable TV Expense: 2100
  • Annual Electric: 2700
  • Annual Water Expense: 1200

Building Info

  • Year Built: 2000

Tax Info

  • Year: 2018
  • Taxes: 4682.43

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2019
Closed on
Jul 23, 2019
Sold by
Whyte Chadford J and Whyte Amy E
Bought by
Bollinger John R and Bollinger Lia M
Seller's Agent
Joanne Kepler
Beach Realty & Construction- Corolla
Buyer's Agent
Cory Taylor
Southern Shores Realty
List Price
$799,000
Sold Price
$700,000
Premium/Discount to List
-$99,000
-12.39%
Current Estimated Value
$1,226,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$526,434
Avg. Annual Appreciation
9.14%
Original Mortgage
$520,850
Outstanding Balance
$454,155
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$772,279

Purchase Details

Listed on
Apr 9, 2015
Closed on
Jul 10, 2015
Sold by
Wells Fargo Bank Na
Bought by
Whyte Chadford J and Byard Daniel A
Seller's Agent
Rosemarie Doshier
The Doshier Team OBX Realty
Buyer's Agent
Joanne Kepler
Beach Realty & Construction- Corolla
List Price
$569,900
Sold Price
$510,010
Premium/Discount to List
-$59,890
-10.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.22%
Original Mortgage
$382,507
Interest Rate
4.04%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 26, 2015
Sold by
Contino Ron P and Contino Patricia E
Bought by
Wells Fargo Bank Na
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
Bollinger John R $700,000 None Available
Whyte Chadford J $510,500 Attorney
Wells Fargo Bank Na $747,886 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bollinger John R $520,850
Previous Owner Whyte Chadford J $382,507
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/01/2019 08/01/19 Sold $700,000 -12.4% $190 / Sq Ft
06/26/2019 06/26/19 Pending -- -- --
06/26/2019 06/26/19 For Sale $799,000 +56.7% $217 / Sq Ft
07/31/2015 07/31/15 Sold $510,010 -10.5% $139 / Sq Ft View Prior Sale
06/26/2015 06/26/15 Pending -- -- --
04/09/2015 04/09/15 For Sale $569,900 -- $155 / 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 $5,813 $628,800 $125,000 $503,800
2024 $5,813 $628,800 $125,000 $503,800
2023 $5,797 $628,800 $125,000 $503,800
2022 $4,909 $628,800 $125,000 $503,800
2021 $4,803 $612,900 $160,000 $452,900
2020 $4,674 $612,900 $160,000 $452,900
2019 $4,674 $612,900 $160,000 $452,900
2018 $4,674 $612,900 $160,000 $452,900
2017 $4,349 $612,900 $160,000 $452,900
2016 $4,381 $612,900 $160,000 $452,900
2015 $4,381 $612,900 $160,000 $452,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 105639

Outer Banks Association of REALTORS®

APN: 115A-000-0062-0007