Closing Price:
$1,100,000
992 Corolla Drive, Corolla, NC 27927
6 bd
5 ba
3117 sq ft
MLS #: 119889
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,025,000.00
Closing Date: 9/30/2022
Contract Date: 8/8/2022
Seller Concessions: Yes
Concession Comments: $5000 in lieu of repairs
Total Days on Market:
Cumulative Days on Market: 9
Due Diligence Date: 9/2/2022

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 9
Cumulative Days On Market: 9
Listing Price: $1,100,000
Original Listing Price: $1,100,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 9/30/2022
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: 3117
Asking Price Per SqFt: $353.00
Heated Living Area Sq Ft: 3117
BedroomsTotal: 6
Bathrooms Full: 5
Bathrooms Partial: 1
Year Built: 2003
Architectural Style: Contemporary, Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: 2nd Refrigerator, Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer
Roof: Asphalt
Parking: Off Street, Paved
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: In Ground, Outdoor Pool, Private, Vinyl
Counter Tops: Granite
Cooling: Heat Pump
Interior Features: Cathedral Ceiling(s), Wet Bar
Heating: Heat Pump
Room Type: Game Room
Flooring: Carpet, Ceramic Tile
Construction Materials: Frame, Wood Siding

Legal Description

Section: 7
County: Currituck
Subdivision: Whalehead Club
Deed Book: 507
Deed Book Page Number: 871
County Pin Number: 115A00000690007
Price Change: 9/29/2022
Road Surface: Paved, Public

Lot Details

Lot Size Acres: 0.46
Lot Size Square Feet: 20000
Lot Features: Level
Waterfront: More than 5th row
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2022
Annual Property Taxes: $4,541.00
Flood Zone: X
Water Source: Municipal
Yearly Expense: Actual
Contract Status Change Date: 9/30/2022
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: Cement Fiber Board
Extras: Ceiling Fan(s),Covered Decks,Hot Tub,Landscaped,Lawn Sprinklers,Outside Lighting,Outside Shower,Sun Deck,Dry Entry
Fuel Tanks: Owned
HOA Contact Name: -
Primary Residence: No
HOA Contact Info: -

Rental Income

Annual Rental Income: 94101
Rental Performance: 0.0918
Owner Renatl Income 2022 Amount: 41598
Avertised Income 2021 Amount: 50730
Owner Rental Income 2021 Amount: 45792
Avertised Income 2021 Amount: 55845

Listing Agent Remarks

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!

Directions

Ocean Trail north to right onto Bonito St, left onto Corolla Dr, property will be on the left.

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 992 Corolla Drive in Corolla is provided courtesy of Keller Williams - Outer Banks C: 252-207-6588. 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 992 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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