NOT LISTED FOR SALE

992 Whalehead Dr Corolla, NC 27927

Estimated Value: $2,612,000 - $3,296,000

12 Beds
14 Baths
7,000 Sq Ft
$413/Sq Ft Est. Value

Last Sold January 08, 2018

Last sale price $1,850,000 $264 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $17,382/month

242 Days on Market

Highlights

  • Ocean View
  • Cabana
  • Craftsman Architecture
  • Home Theater
  • Second Refrigerator
  • Cathedral Ceiling

About This Home

As of January 2018

202k Rental Income in 2017 not including an owner week blocked with over 192k already booked for 2018, that's right 2018! !!!!! To the Moon and Back!!! Take a look at these views......all of them.....Panoramic Ocean View, Sound View and elaborate Pool area setting. Take your Pick. This 12 bedroom and 12 bathroom 7000 square foot custom home is an investment that generates all the numbers. Built in 2016 this home is turn key. Located in an X flood zone this property is one of the most elevated properties in Corolla east of route 12. Completely unobstructed panoramic Ocean views that you normally only get on the oceanfront and only 250 yards to the beach access. "Moon Glow" includes an extravagant and elegant kitchen complete with dual appliances and high end finishing, media room, office, huge game room and an elevator that makes this totally handicap friendly. Built with wrap around decking accessible from ground to top floor........and then some. You have to see this truly unique and beautiful Outer Banks home to really appreciate the "Moon Glow".

Last Agent to Sell the Property

Tim Lancsek

Surfside Realty License #210399 Listed on: 03/28/2017

Surfside Realty

Last Buyer's Agent

Daniel LaRue

Corolla Beach Realty License #257370

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,500

Year Built

  • Built in 2016

Lot Details

  • 0.46 Acre Lot
  • Fenced Yard
  • Landscaped
  • Level Lot
  • Sprinkler System

Parking

  • Paved Parking

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

  • Craftsman Architecture
  • Coastal Architecture
  • Contemporary Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Lap Siding
  • Piling Construction

Interior Spaces

  • 7,000 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Home Theater
  • Game Room
  • Utility Room

Kitchen

  • Built-In Oven
  • Built-In Range
  • Microwave
  • Second Refrigerator
  • Freezer
  • Ice Maker
  • Second Dishwasher
  • Wine Cooler
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Accessible Home Design

  • Handicap Accessible

Pool

  • Cabana
  • Concrete Pool
  • Heated In Ground Pool
  • Outdoor Pool
  • Outdoor Shower
  • Spa

Outdoor Features

  • Covered Deck
  • Exterior Lighting
  • Tiki or Chickee Hut

Utilities

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

Community Details

  • Built by Olin Finch
  • Whalehead Club Subdivision

Listing and Financial Details

  • Tax Lot 45

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,500

Year Built

Built in 2016

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Craftsman, Coastal
  • Extras: Cabana, Ceiling Fan(s), Covered Decks, Elevator, Fenced Yard, Handicap Friendly, Hot Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Security System, Smoke Detector(s), Tiki Bar
  • Flood Zone: X
  • Headline: 207k Income for 2018 GROWING
  • Heated Sq Ft: 7000
  • L V T Date: 03/28/2017
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 7
  • Waterfront Location: 3 - lots from oceanfront (4th row)
  • Zoning: residentia
  • Deed Book Pg Number: 319
  • Office License Number: C21933
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Countertop Range, Dishwasher, Dryer, Freezer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator, Wine Cooler
  • Bedrooms: 12
  • Countertops: Granite
  • Electronic Locks: Owned
  • Floor Coverings: Carpet, Tile, Wood, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 12
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Washer Connection, Wet Bar
  • Optional Rooms: Foyer, Game Room, Office, Utility Room, Shipswatch, Home Theater, Media Room
  • Partial Bathrooms: 2

Exterior Features

  • Homebuilder: Olin Finch
  • Construction: Frame, Wood
  • Exterior: Lap Siding, Wood
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Concrete, Custom, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean, Sound

Garage/Parking

  • Parking: Paved

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Forced Air, Heat Pump, Zoned
  • Fuel Tanks: Owned
  • Sewer/Septic System: Non Conventional Septic
  • Water: Municipal

Lot Info

  • Estimated Lot Sq Ft: 20000
  • Lot Description: Level
  • Lot Number: Lot 45
  • Deed Book: 1293

Rental Info

  • Est Annual Rental Income: 202840
  • Estimated Rental Performance: 0.1096
  • Lease Terms: Weekly
  • Rental Co: Carolina Designs
  • Rental Cottage Name: Moon Glow
  • Rental Cottage Number: 054
  • Rental Turnover Day: Sunday

Building Info

  • Year Built: 2016

Tax Info

  • Year: 2016
  • Taxes: 7500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 2, 2025
Sold by
Varacallo Christopher P and Varacallo Elissa A
Bought by
992 Whalehead Llc
Current Estimated Value
$3,141,814

Purchase Details

Closed on
Oct 22, 2021
Sold by
Vareh Enterprises Llc
Bought by
Varacallo Christopher P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,464,900
Interest Rate
2.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 28, 2017
Closed on
Jan 2, 2018
Sold by
Harris Ii Richard S and Harris Luana M
Bought by
Vareh Enterprises Llc
Seller's Agent
Tim Lancsek
Surfside Realty
Buyer's Agent
Daniel LaRue
Corolla Beach Realty
List Price
$1,959,000
Sold Price
$1,850,000
Premium/Discount to List
-$109,000
-5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.73%
Original Mortgage
$1,572,500
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 14, 2012
Closed on
Apr 28, 2014
Sold by
Day Sandra B
Bought by
Harris Ii Richard S
Seller's Agent
Martha Springer
Twiddy and Company - Corolla
Buyer's Agent
Adam Burkhimer
SERHANT North Carolina LLC
List Price
$500,000
Sold Price
$297,500
Premium/Discount to List
-$202,500
-40.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
66.85%
Original Mortgage
$223,125
Interest Rate
4.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 6, 2012
Sold by
Day Sandra B
Bought by
Day Sandra B and The Sandra B Day Revocable Trust
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
992 Whalehead Llc $3,236,000 None Listed On Document
992 Whalehead Llc $3,236,000 None Listed On Document
Varacallo Christopher P -- Boston National Title
Vareh Enterprises Llc $1,850,000 None Available
Harris Ii Richard S $297,500 None Available
Day Sandra B -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Varacallo Christopher P $1,464,900
Previous Owner Vareh Enterprises Llc $1,572,500
Previous Owner Harris Ii Richard S $223,125
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/08/2018 01/08/18 Sold $1,850,000 -5.6% $264 / Sq Ft
11/25/2017 11/25/17 Pending -- -- --
03/28/2017 03/28/17 For Sale $1,959,000 +558.5% $280 / Sq Ft
06/16/2014 06/16/14 Sold $297,500 -40.5% -- View Prior Sale
03/18/2014 03/18/14 Pending -- -- --
11/14/2012 11/14/12 For Sale $500,000 -- --
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 $13,375 $1,511,400 $230,000 $1,281,400
2024 $13,359 $1,511,400 $230,000 $1,281,400
2023 $13,359 $1,511,400 $230,000 $1,281,400
2022 $11,256 $1,511,400 $230,000 $1,281,400
2021 $11,241 $1,194,200 $250,000 $944,200
2020 $9,055 $1,194,200 $250,000 $944,200
2019 $9,022 $1,194,200 $250,000 $944,200
2018 $9,022 $1,187,700 $250,000 $937,700
2017 $8,367 $1,187,700 $250,000 $937,700
2016 $7,811 $1,102,900 $250,000 $852,900
2015 $1,650 $250,000 $250,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 95789

Outer Banks Association of REALTORS®

APN: 115A-000-0045-0007