Closing Price:
$724,900
1158 Franklyn Street, Corolla, NC 27927-9673
4 bd
4 ba
2022 sq ft
MLS #: 117659
Status: Closed

Sold Details

Status: Closed
Sold Price: $750,000.00
Closing Date: 3/14/2022
Contract Date: 2/22/2022
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 6
Due Diligence Date: 3/11/2022

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 6
Cumulative Days On Market: 6
Listing Price: $724,900
Original Listing Price: $724,900
Possession: Close Of Escrow, Subject To Tenant Rights
Short Sale: No
Price Date: 3/15/2022
Furnishing Available: Yes
Bill Of Sale Amount: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 2022
Asking Price Per SqFt: $359.00
Heated Living Area Sq Ft: 2022
BedroomsTotal: 4
Bathrooms Full: 4
Bathrooms Partial: 1
Year Built: 1987
Architectural Style: Coastal
Sub Type: Single Family Residence
Appliances: Dryer, Dishwasher, Microwave, Refrigerator, Range/Oven, Washer
Roof: Asphalt
Foundation: Piling
Pool: Yes
Pool Type: Association
Pool Features: Concrete, Association, Indoor, In Ground, Outdoor Pool
Counter Tops: Granite,Solid Surface
Cooling: Central Air, Heat Pump, Zoned
Interior Features: Beamed Ceilings, Cathedral Ceiling(s), Pantry
Heating: Central, Electric, Forced Air, Zoned
Room Type: Foyer, Pantry
Flooring: Carpet, Ceramic Tile, Laminate
Construction Materials: Frame, Wood Siding

Legal Description

County: Currituck
Subdivision: Corolla Light
Deed Book: 984
Deed Book Page Number: 723
County Pin Number: 115B00001190000
Price Change: 5/9/2022
Road Surface: Paved, Private
Association Amenities: Board Walk, Clubhouse, Common Area, Gated, Fitness Center, Indoor-Comm. Pool, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Park, Sound Access

Lot Details

Lot Features: Level
Waterfront: More than 5th row
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2021
Annual Property Taxes: $2,640.00
Home Oner Insurance Expense: 760
Flood Zone: X
Wind Insurance: 3385
Water Source: Municipal
Yearly Water Expense: 1428
Yearly Elecric Expense: 1852
Yearly Telephone Expense: 827
Yearly Cable Tv Expense: 1790
Contract Status Change Date: 5/10/2022
Estimated Annual Fee Amt: $3,329.00
Association Fee Includes: Electricity, Common Insurance, Maintenance Grounds, Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Lap Siding
Extras: Ceiling Fan(s),Covered Decks,Hot Tub,Landscaped,Outside Shower,Screened Porch,Smoke Detector(s),Sun Deck,Dry Entry,Inside Laundry Room
HOA Contact Name: Don Cheek
Primary Residence: No
HOA Contact Info: 2524532455

Rental Income

Annual Rental Income: 52824
Rental Performance: 0.0704
Owner Renatl Income 2022 Amount: 37586
Avertised Income 2021 Amount: 43361
Owner Rental Income 2021 Amount: 42983
Avertised Income 2021 Amount: 52824

Listing Agent Remarks

This IMMACUATLY MAINTAINED home would make a perfect second home or investment property. OVER $52,500 IN RENTAL INCOME FOR 2021 with the owner blocking multiple weeks for themselves to enjoy. Great floorplan with EVERY BEDROOM OFFERING A PRIVATE BATH! The SOARING BEAMED CEILING and beautiful wood accented FIREPLACE wall in the living room is sure to impress. Upgrades include GRANITE COUNTERTOPS in the kitchen, TILE FLOORING in the kitchen and baths, NEWER FLOORING THROUGHOUT the living room and bedrooms and a HOT TUB for relaxing after a day at the beach. VIEWS OF THE CURRITUCK LIGHTHOUSE and within an easy walk to numerous shops and restaurants as well as the Whalehead Club. Corolla Light is known to be the PREMIER COROLLA COMMUNITY. OCEANFRONT COMMUNITY POOL as well as the community playground, tennis courts, basketball, restaurant, and multiple walkways to the beach. In addition to the great ocean side amenities, you can enjoy the SOUND SIDE POOL AND DOCK, SOUND SIDE SPORTS CENTER that features an OLYMPIC SIZE INDOOR POOL, GYM, INDOOR TENNIS COURTS and activities center.

Directions

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Official MLS Disclaimer

The data relating to real estate for sale on this web site comes from the Broker Reciprocity Program of the Outer Banks Association of REALTORS. This property located at 1158 Franklyn Street in Corolla is provided courtesy of Keller Williams - Outer Banks C: 252-489-8054. Information is believed to be accurate but is not warranted. Copyrighted by Outer Banks Association of REALTORS. All Rights Reserved. IDX information is provided by Shore Realty of the OBX exclusively for consumers, personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. If this page disappears from this site it means the property at 1158 Franklyn Street in Corolla is no longer available for sale. If you are interested in this property or have any questions about buying or selling real estate on the Outer Banks call Shore Realty. Local 252-441-3416 OR 800-647-1868.
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