Closing Price:
$895,000
$895,000
931 Corolla Drive,
Corolla, NC 27927
4 bd
3 ba
1824 sq ft
MLS #: 118507
Status: Closed
Sold Details
Status: Closed
Sold Price: $875,000.00
Closing Date: 12/29/2022
Off Market Date: 5/23/2022
Contract Date: 12/11/2022
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 219
Due Diligence Date: 12/28/2022
Listing Information
Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 219
Cumulative Days On Market: 219
Listing Price: $895,000
Original Listing Price: $999,999
Possession: Close Of Escrow
Short Sale: No
Price Date: 12/29/2022
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell
Building Details
Primary Heated Living Area Sq Ft: 1824
Asking Price Per SqFt: $491.00
Heated Living Area Sq Ft: 1824
BedroomsTotal: 4
Bathrooms Full: 3
Year Built: 1987
Garage: Carport
Architectural Style: Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Refrigerator, Dryer, Dishwasher, Microwave, Refrigerator, Range/Oven, Washer
Roof: Asphalt
Parking: Off Street, Paved
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: Fiberglass, In Ground, Private
Counter Tops: Granite,Wood
Cooling: Central Air, Heat Pump
Heating: Central, Heat Pump
Flooring: Carpet, Engineered Wood, Tile
Construction Materials: Frame
Legal Description
Section: 9
County: Currituck
Subdivision: Whalehead Club
Subdivision Name: Whalehead Club /115A
Deed Book: 1068
Deed Book Page Number: 266
County Pin Number: 115A00000560009
Price Change: 12/28/2022
Road Surface: Paved, Public
Association Amenities: Ocean Access
Lot Details
Lot Size Acres: 0.46
Lot Size Dimensions: 100 x 200
Lot Size Square Feet: 20000
Lot Features: Level
Lot Faces: .46
Waterfront: 4 - lots from oceanfront (5th row)
Property Type: Residential
Property Expenses & Utilities
Tax Year: 2021
Annual Property Taxes: $3,130.00
Home Oner Insurance Expense: 1130
Flood Zone: X
Flood Insurance Expense: 759
Wind Insurance: 2633
Water Source: Municipal
Contract Status Change Date: 12/29/2022
Estimated Annual Fee Amt: $45.00
Sewer: Septic Tank
Association Fee Yes or No: Voluntary - Restrictive Covenants May Apply
Financials
Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Lap Siding
Extras: Ceiling Fan(s),Covered Decks,Gazebo,Landscaped,Outside Shower,Smoke Detector(s),Sun Deck
Fuel Tanks: None
HOA Contact Name: Whalehead Club POA
Primary Residence: No
Street Frontage : 100
HOA Contact Info: www.wpoa.org
Rental Income
Annual Rental Income: 94600
Rental Performance: 0.1081
Listing Agent Remarks
Impeccable attention to detail is demonstrated in this Pristine Gorgeous Remodeled 4 lots Ocean Front 4 Bedroom, 3 Bath Whalehead Home. Finally, here is the great opportunity that you have been waiting for. It is seldom that one finds such a quality updated bright and open home that has been meticulously maintained and located this close to the ocean. The huge oversized Pool Area with Gazebo has great potential for outdoor activities. Estimated OWNER Gross Rental Projection is $77,000 without a Hot Tub which is 7.9% GRI on OWNER Gross Rental Income Or $94,600 if a Hot Tub is added which is a 9.65% GRI on OWNER Gross Rental Income. Home is located on a spacious 20,000 Sq Ft lot in the preferred Flood Zone X. The following are some of the Upgrades and Improvements that the sellers have made: 2022 replaced top and midlevel Decks and added Vinyl Railings throughout, new Air Handler and Heat Pump to be installed July 5, 2022, 2022 Painted Exterior, 2016 converted to Paved Driveway, 2014 added Shed in carport, 2013 Hot Water Heater, 2012 new Roof, 2012 All Windows were replaced with Vinyl Windows, 2012 replaced ceiling fans and light fixtures, 2012 Olin Finch Remodel that included Expanded Living area/ Kitchen on top floor, remodeled entire kitchen with beautiful quality cabinets by Cozy Kitchens, Mannington LVS Flooring, Granite counter tops, Tile Back Splash, and Stainless Steel Appliances, added Bathroom on Midlevel, Remodeled Master Bath with Tile Shower / Tile Floor and remodeled Midlevel Bath, added Outdoor Bathroom, 2010 Pool Deck was expanded and a Gazebo was constructed, new Vinyl Fence, Improved Landscaping (rock & boulders). New owner could add outdoor activities to the oversized huge Pool Area/Gazebo and the large protected space under the house such as: Outdoor Pool Table and Outdoor Foosball table. Guests would be spending more time outside and there is less to maintain on a home with 1874 Sq Ft of Heated Living. Plus Estimated OWNER Gross Rental Projection is $94,600 if Hot Tub is added which is a 9.65 % GRI. This 4 Lots Ocean Front home is just a short distance to the beach If you are looking for a Pristine Updated Remodeled home that is beautifully decorated, has an abundance of Decks, Oversized Pool Area, very private yard, located on .46 acres, close to the ocean, in Flood Zone X , 4 bedroom home with less wear and tear than the larger homes Plus has the much sought after estimated OWNER Gross Rental Income of $94,600 (9.65% GRI ) by just adding a hot tub, and with a Voluntary Low Annual HOA fee of $50, then this is the home for you. Call now to schedule a showing.
Directions
Rt 12 North to Corolla. Right on Bonito and first left on Corolla Drive. Home is located on the right.Official MLS Disclaimer
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means the property at 931 Corolla Drive 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
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