Closing Price:
$1,350,000
995 Corolla Drive, Corolla, NC 27927
9 bd
8 ba
4024 sq ft
MLS #: 119284
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,350,000.00
Closing Date: 8/5/2022
Contract Date: 6/17/2022
Seller Concessions: Yes
Concession Comments: 1500 Repair
Total Days on Market:
Cumulative Days on Market: 3
Due Diligence Date: 7/17/2022

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 3
Cumulative Days On Market: 3
Listing Price: $1,350,000
Original Listing Price: $1,350,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 6/14/2022
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: 4024
Asking Price Per SqFt: $335.00
Heated Living Area Sq Ft: 4024
BedroomsTotal: 9
Bathrooms Full: 8
Bathrooms Partial: 2
Year Built: 2004
Garage: None
Architectural Style: Coastal, Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: Countertop Range, Dryer, Dishwasher, Ice Maker, Refrigerator w/Ice Maker, Washer, Wall Oven
Roof: Asphalt
Parking: Off Street, Paved
Foundation: Piling, Slab
Pool: Yes
Pool Type: Private
Pool Features: Fiberglass, In Ground, Outdoor Pool, Private
Counter Tops: Granite
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s), Pantry, Wet Bar
Heating: Central, Heat Pump
Room Type: Game Room
Flooring: Carpet, Ceramic Tile, Laminate, Wood
Construction Materials: Frame, Wood Siding

Legal Description

County: Currituck
Subdivision: Whalehead Club
Subdivision Name: Whalehead Club
Deed Book: 1564
Deed Book Page Number: 698
County Pin Number: 115A00000470007
Price Change: 8/5/2022
Block: N/A
Road Surface: Paved, Public

Lot Details

Land Tax Value: 183800
Total Assessed Value: 781600
Lot Size Acres: 0.51
Lot Size Dimensions: 110' x 200'
Lot Size Square Feet: 22216
Lot Features: Corner Lot, Level
Waterfront: 4 - lots from oceanfront (5th row)
View: Ocean, Sound
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2021
Annual Property Taxes: $5,972.00
Home Oner Insurance Expense: 1193
Flood Zone: X
Flood Insurance Expense: 660
Wind Insurance: 5807
Water Source: Municipal
Yearly Water Expense: 1679
Other Yearly Expense: 1579
Yearly Elecric Expense: 4594
Yearly Cable Tv Expense: 2714
Contract Status Change Date: 8/6/2022
Estimated Annual Fee Amt: $0.00
Sewer: Septic Tank
Association Fee Yes or No: No - Restrictive Covenants May Apply

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Vinyl
HashTag of Units: 0
Extras: Beach Access,Ceiling Fan(s),Covered Decks,Hot Tub,Outside Lighting,Outside Shower,Sun Deck
Fuel Tanks: Leased
HOA Contact Name: N/A
Primary Residence: No
HOA Contact Info: N/A

Rental Income

Annual Rental Income: 166810
Rental Performance: 0.1236
Owner Renatl Income 2022 Amount: 136054
Avertised Income 2021 Amount: 147235
Owner Rental Income 2021 Amount: 118217
Avertised Income 2021 Amount: 128949

Listing Agent Remarks

True investment opportunity with over 10% ROI in 2022 and over 12% ROI projected for 2023! This is where priceless vacation memories are made - the ones that are fondly retold over and over for years to come! Sea La Vie delivers everything you and your family and guests desire for the ultimate and memorable Outer Banks experience. You can see why so many vacationers are swooning over this sought-after location in the heart of Corolla's Whalehead Beach community. Situated on a large corner lot, this dream beach home checks all of the boxes boasting 9 bedrooms, 8 full, and 2 partial bathrooms in a well-designed reverse floor plan with plenty of room to spread out or gather for a week chock full of exciting adventures. The top level affords ocean views, an open floor plan with modern designs, an upgraded kitchen and wide decks for outdoor entertainment. Travel the spiral staircase to a rooftop deck offering sound-to-ocean views, and a glimpse of the stately red-brick Corolla's lighthouse! The mid-level will help you unwind after a day of fun with four spacious bedrooms with en-suites, and the lower level has a well-equipped game room with a new arcade gaming system, four additional bedrooms, and a connection to all the wonderful outdoor amenities - private pool, hot tub, volleyball court and large pool deck. It's indeed the makings of an ultimate outdoor experience. With its close proximity to novelty mom and pop shops, excellent dining spots, a beach walkway and historical and educational sites, it's no wonder this is a perfect find for anyone looking to experience the best vacation ever! You don't want to let this beauty slip by...

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 995 Corolla Drive in Corolla is provided courtesy of Keller Williams - Outer Banks C: 252-202-3357. 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 995 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 252-441-3416 OR 800-647-1868.
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