NOT LISTED FOR SALE

992 Corolla Dr Corolla, NC 27927

Estimated Value: $1,031,000 - $1,127,000

6 Beds
5.5 Baths
3,117 Sq Ft
$346/Sq Ft Est. Value

Last Sold September 30, 2022

Last sale price $1,025,000 $329 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $6,111/month

9 Days on Market

Highlights

  • In Ground Pool
  • Contemporary Architecture
  • Furnished
  • Second Refrigerator
  • Cathedral Ceiling
  • Granite Countertops

About This Home

As of September 2022

Turn-key and updated, this Whalehead Beach vacation property offers a total of 6 bedrooms and 5.5 bathrooms, all within a 10-minute walk to the beach. This 3100+ sq ft home offers many recent updates, a reverse floor plan, 3 ensuite bedrooms, game room with kitchenette, hot tub, and private pool. The home is designed with half floors or step-downs, relieving the effort of climbing straight stairs to each level. The upper level is highlighted by cathedral ceilings, LVP flooring, a large kitchen with granite countertops, and the spacious family room and dining areas with abundant natural light. There is also a convenient powder bath. Just a few steps down is the Primary ensuite with its own private balcony. The ensuite bathroom has a custom tiled soaking tub, separate shower, and double vanity. The mid-level of the home consists of 2 guest rooms (one with covered deck access), a semi-private full hall bathroom, laundry closet, and another ensuite bedroom with custom tiled soaking tub and access to the covered deck where the hot tub is located. Down another half-flight is the third ensuite bedroom with another custom tiled soaking tub, separate shower, and double vanity. Finally, the ground floor sports the remainder of the guest rooms, a shared full bath, and the game room. Complete with pool table and kitchenette, this space is perfect for hanging out or relaxing after a round of volleyball in the backyard. The adjacent 16x32’ pool offers both sun and shade with plenty of poolside decking for lounging or picnicking. The owners have created a comfortable, tasteful vacation retreat not only for guests but for their own family and friends. The property is kept lightly rented and additional weeks could be opened for increased rental income. “Sammer’s Paradise”, situated in an X flood zone landscaped lot, is close to the beach, local restaurants, shopping, and attractions. Given all this home has to offer, it should be the one at the top of the list!

Last Agent to Sell the Property

Matt Myatt

Keller Williams - Outer Banks License #218707 Listed on: 07/30/2022

Keller Williams - Outer Banks

Co-Listed By

Terry Blocher

Keller Williams - Outer Banks License #271673

Last Buyer's Agent

Melissa Curry

SAGA Realty and Construction License #330672

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,541

Year Built

  • Built in 2003

Lot Details

  • 0.46 Acre Lot
  • Landscaped
  • Level Lot
  • Sprinkler System
  • Property is zoned SFO

HOA Fees

  • $4 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 3,117 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Game Room

Kitchen

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

Flooring

  • Carpet
  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

  • Heat Pump System
  • Municipal Utilities District Water
  • Fuel Tank
  • Private or Community Septic Tank

Community Details

  • Whalehead Club Subdivision

Listing and Financial Details

  • Tax Lot #69

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,541

Year Built

Built in 2003

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan
  • Directions: Ocean Trail north to right onto Bonito St, left onto Corolla Dr, property will be on the left.
  • Extras: Ceiling Fan(s), Covered Decks, Hot Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Sun Deck, Dry Entry
  • Flood Zone: X
  • Headline: Turn-key!
  • Heated Sq Ft: 3117
  • L V T Date: 07/30/2022
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 7
  • Waterfront Location: More than 5th row
  • Zoning: SFO
  • Advertised Income 2020: 38937
  • Advertised Income 2021: 55845
  • Advertised Income 2022: 50730
  • Deed Book Pg Number: 871
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C30917
  • 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: 6
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Luxury Vinyl Plank
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Some Windows Treated, Washer Connection, Wet Bar
  • Optional Rooms: Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Vinyl, Private Pool
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Parking: Paved, Off Street

Utilities

  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Fuel Tanks: Owned
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Condo/Co-op/Association

  • Association Fee: Voluntary - Restrictive Covenants May Apply
  • Estimated Annual Fee: 45

Lot Info

  • Estimated Lot Sq Ft: 20000
  • Lot Description: Level
  • Lot Number: Lot #69
  • Estimated Lot Size: 0.46
  • Deed Book: 507

Rental Info

  • Est Annual Rental Income: 94101
  • Estimated Rental Performance: 0.0918
  • Lease Terms: Weekly
  • Rental Co: Shoreline OBX
  • Rental Cottage Name: Sammer's Paradise
  • Rental Cottage Number: WHL-25
  • Rental Phone Number: 252-261-5300
  • Rental Turnover Day: SATURDAY
  • Yearly Expense Actual Estimate: Actual
  • Rental Contact Email: ashley@shorelineobx.com
  • Rental Contact Name: Ashley Reid

Building Info

  • Year Built: 2003

Tax Info

  • Year: 2022
  • Taxes: 4541

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2022
Closed on
Sep 27, 2022
Sold by
Raphelson Bruce J and Lynn Terri
Bought by
Adams Robert and Adams Nancy
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Melissa Curry
SAGA Realty and Construction
List Price
$1,100,000
Sold Price
$1,025,000
Premium/Discount to List
-$75,000
-6.82%
Current Estimated Value
$1,077,532

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,532
Avg. Annual Appreciation
1.55%
Original Mortgage
$820,000
Outstanding Balance
$780,406
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$297,126

Purchase Details

Closed on
Nov 14, 2000
Bought by
Raphelson Bruce J and Raphelson Terri Lyn
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Adams Robert $1,025,000 --
Adams Robert $1,025,000 --
Raphelson Bruce J $68,000 --
Raphelson Bruce J $68,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adams Robert $820,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2022 09/30/22 Sold $1,025,000 -6.8% $329 / Sq Ft
08/08/2022 08/08/22 Pending -- -- --
07/30/2022 07/30/22 For Sale $1,100,000 -- $353 / 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 $5,539 $594,600 $125,000 $469,600
2024 $5,539 $594,600 $125,000 $469,600
2023 $5,523 $594,600 $125,000 $469,600
2022 $4,541 $594,600 $125,000 $469,600
2021 $4,526 $575,400 $160,000 $415,400
2020 $4,366 $575,400 $160,000 $415,400
2019 $4,367 $575,400 $160,000 $415,400
2018 $4,367 $575,400 $160,000 $415,400
2017 $4,043 $575,400 $160,000 $415,400
2016 $4,080 $575,400 $160,000 $415,400
2015 $4,094 $575,400 $160,000 $415,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 119889

Outer Banks Association of REALTORS®

APN: 115A-000-0069-0007