NOT LISTED FOR SALE

981 Whalehead Dr Corolla, NC 27927

Estimated Value: $1,333,000 - $1,642,000

7 Beds
7.5 Baths
3,724 Sq Ft
$398/Sq Ft Est. Value

Last Sold June 07, 2019

Last sale price $785,000 $211 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $8,299/month

267 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • Coastal Architecture
  • Beach Access
  • Second Refrigerator
  • Cathedral Ceiling

About This Home

As of June 2019

Pristine upgraded 7 bedroom 7.5 bath home located 2 Lots Ocean Front in the much sought after Whalehead Club subdivision. Strong consistent Advertised Gross Rental Income. 2018's Advertised Gross Rental Income is $84,815 with a 10.4% GRI. This home features granite counter tops, stainless steel appliances, hardwood floors, tiled bathrooms, huge Rec Room, Wet Bar, beautiful Private Pool area with Hot Tub, abundance of Decks and a very short walk to the beautiful wide soft sand beaches of the Whalehead Club. Top Floor is Open and Spacious with Kitchen, Dining Room, Great Room , 2 Master Bedrooms , Half Bath and lots of Sun Deck areas to relax and enjoy the Ocean View. Mid Level has inviting den , 4 bedrooms of which 3 are Master bedrooms with deck access, Hall bathroom and laundry closet. Ground level boasts large Rec Room with Pool Table & Wet Bar and TV lounging area with L shaped sofa, one bedroom, and hall full bath. Sellers have completed the following upgrades and improvements over the years: 2018 - New Adura Max Flooring Level 2 & 3, Replaced Front Porch steps, added 10 new Lounges, Pool Pump. 2017 - Dishwasher, Washer, Level 3 Refrigerator, New Adura Max Flooring on Level One. 2016 - Oven, Dryer, Mattresses in Level 3 bedroom, Sofa & Chairs on Level 3 Great Room with Sunbrella fabric and blue tooth Speakers in ceiling of Level 3 Great Room. 2015 - All outdoor furniture replaced, 8 of 10 TV replaced. 2014 - HVACs, WiFi remote controlled Thermostats and Hot Tub. If you are looking for a beautiful beach home located Close to the Beach with Ocean Views, recent Upgraded Improvements, Strong Advertised Gross Rental Income with 10.4% GRI and potential to rent a couple more weeks, then this is the home for you to see!

Last Agent to Sell the Property

Sandra LaRue

Corolla Beach Realty License #244093 Listed on: 08/18/2018

Co-Listed By

Daniel LaRue

Corolla Beach Realty License #257370

Last Buyer's Agent

Four Seasons Realty

Four Seasons Realty License #177785

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,243

Year Built

  • Built in 2005

Lot Details

  • 0.46 Acre Lot
  • Level Lot
  • Property is zoned Res.

HOA Fees

  • $4 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 3,724 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Living Room
  • Dining Room
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

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

Pool

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

Outdoor Features

  • Beach Access
  • Sun Deck
  • Covered Deck
  • Exterior Lighting

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 32

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,243

Year Built

Built in 2005

Lot Details

0.46 Acres

HOA Fees

$4 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Go North on NC-12, make a right on Bonita St, turn left onto Whalehead Drive, property is on right .
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Hot Tub, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck, Inside Laundry Room
  • Flood Zone: X
  • Subdivision Name: Whalehead Club
  • Headline: 2 LOTS OCEANFRONT / 10.4 % GRI
  • Heated Sq Ft: 3724
  • L V T Date: 08/18/2018
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 7
  • Waterfront Location: 2 - lots from oceanfront (3rd row
  • Zoning: Res.
  • Deed Book Pg Number: 234
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C18834
  • 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, Wine Cooler
  • Bedrooms: 7
  • Bedroom 1: On Level: 3
  • Bedroom 2: On Level: 3
  • Bedroom 3: On Level: 2
  • Bedroom 4: On Level: 2
  • Bedroom 5: On Level: 2
  • Bedroom 6: On Level: 2
  • Bedroom 7: On Level: 1
  • Kitchen: On Level: 3
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Wood, Vinyl Tile
  • Foundation: Piling, Slab
  • Full Bathrooms: 7
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Wet Bar
  • Dining Room: On Level: 3
  • Game Room: On Level: 1
  • Living Room: On Level: 3
  • Optional Room 2: Den, On Level: 2
  • Optional Rooms: Game Room, Pantry
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Fiberglass, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 100
  • View: Ocean

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association Fee: Voluntary - Restrictive Covenants May Apply
  • Estimated Annual Fee: 45
  • Home Owner Dwelling Insurance: 1066

Lot Info

  • Estimated Lot Sq Ft: 20000
  • Lot Description: Level
  • Lot Faces: W
  • Lot Size: 100 frontage x 200 depth
  • Lot Number: Lot 32
  • Estimated Lot Size: 0.46
  • Deed Book: 1195

Rental Info

  • Est Annual Rental Income: 84815
  • Estimated Rental Performance: 0.108
  • Flood Expenses: 841
  • Lease Terms: Weekly
  • Other Expenses: 353
  • Other Expenses2: 1408
  • Poolspa Expense: 3000
  • Rental Co: Vacasa - North
  • Rental Cottage Name: Our Beach Xscape
  • Rental Cottage Number: 4012
  • Rental Phone Number: 252.453.9660
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 2005

Tax Info

  • Year: 2017
  • Taxes: 5242.61

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2018
Closed on
Jun 4, 2019
Sold by
Broderick Dale G and Broderick Ruth T
Bought by
Schneider Matthew G and Schneider Amy K
Seller's Agent
Sandra LaRue
Corolla Beach Realty
Buyer's Agent
Four Seasons Realty
Four Seasons Realty
List Price
$819,000
Sold Price
$785,000
Premium/Discount to List
-$34,000
-4.15%
Current Estimated Value
$1,481,533

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$696,533
Avg. Annual Appreciation
9.87%
Original Mortgage
$628,000
Outstanding Balance
$549,858
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$931,675

Purchase Details

Closed on
Mar 29, 2012
Sold by
Keller Melvin C
Bought by
Broderick Dale G and Broderick Ruth T

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
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2010
Sold by
Mel Keller Venture Ii Llc
Bought by
Keller Melvin C

Purchase Details

Closed on
May 18, 2005
Sold by
Keller Melvin C
Bought by
Mel Keller Ventures Ii L L C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 2005
Sold by
Mcgrath Raymond J and Mcgrath Carri A
Bought by
Keller Melvin C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.98%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
Schneider Matthew G $785,000 None Available
Broderick Dale G $765,000 None Available
Keller Melvin C -- None Available
Mel Keller Ventures Ii L L C -- None Available
Keller Melvin C $13,750,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schneider Matthew G $628,000
Previous Owner Broderick Dale G $417,000
Previous Owner Broderick Dale G $195,000
Previous Owner Keller Melvin C $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2019 06/07/19 Sold $785,000 -4.2% $211 / Sq Ft
05/12/2019 05/12/19 Pending -- -- --
08/18/2018 08/18/18 For Sale $819,000 -- $220 / Sq Ft
Source: Outer Banks Association of REALTORS®

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 $8,219 $934,700 $270,000 $664,700
2024 $8,219 $790,900 $270,000 $520,900
2023 $7,021 $779,800 $270,000 $509,800
2022 $5,869 $779,800 $270,000 $509,800
2021 $5,854 $749,000 $270,000 $479,000
2020 $5,653 $749,000 $270,000 $479,000
2019 $5,644 $749,000 $270,000 $479,000
2018 $5,644 $749,000 $270,000 $479,000
2017 $5,243 $749,000 $270,000 $479,000
2016 $5,264 $749,000 $270,000 $479,000
2015 $5,264 $749,000 $270,000 $479,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 101671

Outer Banks Association of REALTORS®

APN: 115A-000-0032-0007

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