NOT LISTED FOR SALE

987 Lighthouse Dr Corolla, NC 27927

Estimated Value: $2,553,000 - $3,405,000

6 Beds
6.5 Baths
4,354 Sq Ft
$648/Sq Ft Est. Value

Last Sold August 01, 2017

Last sale price $1,466,000 $337 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $15,716/month

111 Days on Market

Highlights

  • Beach Front
  • In Ground Pool
  • Second Refrigerator
  • Ocean View
  • 35,000 Sq Ft lot
  • Main Floor Bedroom

About This Home

As of August 2017

BEST OCEANFRONT OPPORTUNITY IN WHALEHEAD! You may have admired this palatial home from afar. It is now available for your viewing up close and personal and it will not disappoint. From the moment you enter, a reception area invites you in and the views you immediately see will surround you as tour this home. A feeling of grandeur and attention to the finest detail will stand out in every room, nook and cranny. Upscale and unique furnishings are accessorized with exquisite taste. This six bedroom, six and one-half bath home has been lovingly maintained and is ready for a new family to love and enjoy and add their own personal touches. Owner master bedroom suite has 2-way gas fireplace, separate make-up seating, bidet and a wonderful soothing jacuzzi tub. Each bedroom is beautifully furnished with comfort as its primary goal. Each level of this home provides living space for groups and separate spaces for relaxation. The sun room off the kitchen is perfect to enjoy morning coffee and sunrise viewing or a little nap in the afternoon. The kitchen is a gourmet cook’s dream with double cooking surfaces, Jenn-air, ice maker, double dishwashers, double ovens, sub-zero refrigerator, etc., etc. Also, a double pantry!!! Tons of closets for storage and owner lockups. Four HVAC systems, gas and electric hot water heaters, central vacuum system, double car garage, elevator, double washer/dryer sets, three fireplaces. There is plenty of seating for everyone to enjoy meals together and plenty of spaces to just have a snack. The kitchenette off the mid-level deck is convenient for taking snacks and drinks to the beach, the gunite pool or sunken hot tub. Speaking of decks, enjoy sitting, reading or watching the dolphins play on all the deck seating that is provided. The tiled game room will be a favorite place for kids (and adults) to play foosball, air hockey, cards and other games. The great room with fireplace is inviting with plenty of seating and views of the Atlantic Ocean that go on forever. Once you enter, C'Villa will wrap its arms around you and you will never want to leave!!! One of the more interesting features of C'Villa is how it marries the amenities of the perfect vacation rental with an eye towards accommodating frequent stays from the owner with its two car garage, ample private storage and even a second kitchen refrigerator in the owner lock-up portion of the partry BUY NOW AND ENJOY A GREAT SEASON OF HIGH INCOME RENTALS! Owners want a quick and will respond to all reasonable offers.

Last Agent to Sell the Property

Jack & Carol Riggle

Outer Banks Realty Group License #185778 Listed on: 03/24/2017

Co-Listed By

Carol Riggle

Outer Banks Realty Group License #207024

Last Buyer's Agent

Holly Britt

SAGA Realty and Construction License #200150

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,433

Year Built

  • Built in 1994

Lot Details

  • 0.8 Acre Lot
  • Lot Dimensions are 100x350
  • Beach Front
  • 100 Feet of Waterfront
  • Landscaped
  • Sprinkler System

HOA Fees

  • $4 Monthly HOA Fees

Home Design

  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 4,354 Sq Ft Home
  • Elevator
  • Central Vacuum
  • Furnished
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Library
  • Game Room
  • Sun or Florida Room
  • Utility Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Built-In Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Whirlpool Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Garage Door Opener
  • Off-Street Parking

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck

Utilities

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

Listing and Financial Details

  • Tax Lot 7

Community Details

Overview

  • Jeff Lockhart, President Association
  • Whalehead Club Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,433

Year Built

Built in 1994

Lot Details

0.8 Acres

HOA Fees

$4 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: From Route 12 in Corolla, turn east on Bonito, left on Lighthouse to 987 on the right.
  • Extras: Boardwalk to Beach, Ceiling Fan(s), Central Vacuum, Covered Decks, Elevator, Garage Door Opener, Hot Tub, Landscaped, Lawn Sprinklers, Outside Shower, Smoke Detector(s), Sun Deck, Whirlpool/Spa
  • Flood Zone: VE
  • Headline: YOU'RE GOING TO LOVE IT!!!
  • Heated Sq Ft: 4354
  • L V T Date: 03/24/2017
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 7
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 325
  • Office License Number: C5591
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Countertop Range, Dishwasher, Dryer, Ice Machine, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 6
  • 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: 1
  • Kitchen: On Level: 3
  • Countertops: Laminate, Solid Surface
  • Floor Coverings: Carpet, Ceramic Tile, Tile
  • Foundation: Piling
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Gas Connection, Gas Fireplace, Ensuite, Pantry, Walk in Closet
  • Dining Room: On Level: 3
  • Game Room: On Level: 1
  • Living Room: On Level: 3
  • Optional Room 2: Sun Room, On Level: 3
  • Optional Rooms: Breakfast Nook, Foyer, Game Room, Library/Study, Pantry, Sun/Florida Room
  • Partial Bathrooms: 1
  • Optional Room 1: Den, On Level: 2

Exterior Features

  • Construction: Frame
  • Exterior: Shakes
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Gunite, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 100
  • View: Ocean
  • Water Frontage: 100

Garage/Parking

  • Garage: 2 Car, Attached
  • Parking: Off Street

Utilities

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

Condo/Co-op/Association

  • Association Fee: Voluntary - Restrictive Covenants May Apply
  • Estimated Annual Fee: 45
  • Hoa Contact: Jeff Lockhart, President
  • HOA Contact: www.wpoa.org

Lot Info

  • Estimated Lot Sq Ft: 35000
  • Lot Description: Beach Frontage, Water Frontage
  • Lot Faces: W
  • Lot Size: 100x350
  • Lot Number: Lot 7
  • Deed Book: 333

Rental Info

  • Est Annual Rental Income: 157580
  • Estimated Rental Performance: 0.1075
  • Lease Terms: Weekly
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: C'Villa
  • Rental Cottage Number: J10987
  • Rental Phone Number: 252 457-1100
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 1994

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2016
  • Taxes: 9433.21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2021
Sold by
Unmussing Donald L and Unmussig Jane W
Bought by
Kodu Llc
Current Estimated Value
$2,820,377

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Outstanding Balance
$203,587
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
$2,616,790

Purchase Details

Listed on
Mar 24, 2017
Closed on
Aug 1, 2017
Sold by
Mcelroy Robert D and Mcelroy Cynthia C
Bought by
Phillips David A and Phillips Diane M
Seller's Agent
Jack & Carol Riggle
Outer Banks Realty Group
Buyer's Agent
Holly Britt
SAGA Realty and Construction
List Price
$1,975,000
Sold Price
$1,466,000
Premium/Discount to List
-$509,000
-25.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.91%

Purchase Details

Closed on
Jan 28, 1994
Bought by
Mcelroy Robert D and Mcelroy Cynthia C
Source: Public Records
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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
Kodu Llc $225,000 None Available
Phillips David A $1,466,000 Attorney
Mcelroy Robert D $240,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kodu Llc $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2017 08/01/17 Sold $1,466,000 -8.1% $337 / Sq Ft
07/13/2017 07/13/17 Pending -- -- --
06/14/2017 06/14/17 Price Changed $1,595,000 -11.1% $366 / Sq Ft
05/13/2017 05/13/17 Price Changed $1,795,000 -9.1% $412 / Sq Ft
03/24/2017 03/24/17 For Sale $1,975,000 -- $454 / 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 $14,708 $1,730,200 $1,094,800 $635,400
2024 $14,708 $1,730,200 $1,094,800 $635,400
2023 $14,692 $1,730,200 $1,094,800 $635,400
2022 $12,374 $1,730,200 $1,094,800 $635,400
2021 $12,332 $1,376,200 $833,000 $543,200
2020 $10,079 $1,376,200 $833,000 $543,200
2019 $10,070 $1,376,200 $833,000 $543,200
2018 $0 $1,376,200 $833,000 $543,200
2017 $9,364 $1,376,200 $833,000 $543,200
2016 $9,433 $1,376,200 $833,000 $543,200
2015 $9,433 $1,376,200 $833,000 $543,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 95746

Outer Banks Association of REALTORS®

APN: 115A-000-0007-0007

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