Closing Price:
$1,495,000
1179 Franklyn Street, Corolla, NC 27927
6 bd
5 ba
3923 sq ft
MLS #: 124835
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,425,000.00
Closing Date: 5/16/2024
Contract Date: 4/16/2024
Seller Concessions: Yes
Concession Comments: $5,000 at closing toward Buyer for repairs
Total Days on Market:
Cumulative Days on Market: 46
Due Diligence Date: 5/7/2024

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 46
Cumulative Days On Market: 46
Listing Price: $1,495,000
Original Listing Price: $1,549,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 5/19/2024
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: 3923
Total Living Area Sq Ft: 3923
Asking Price Per SqFt: $381.00
Heated Living Area Sq Ft: 3923
BedroomsTotal: 6
Bathrooms Full: 5
Bathrooms Partial: 1
Year Built: 1994
Garage: 2 Car,3 + Car,Attached
Garage Sq Ft: 538
Architectural Style: Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: Disposal, Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Refrigerator, Wine Cooler
Roof: Asphalt
Parking: Paved
Foundation: Piling, Slab
Pool: Yes
Pool Type: Association
Pool Features: Indoor, Outdoor Pool, In Ground, Gunite, Association
Counter Tops: Granite
Cooling: Central Air, Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s), Cedar Closet(s), Pantry, Walk-In Closet(s), Wet Bar
Heating: Central, Electric, Forced Air, Heat Pump, Zoned
Room Type: Game Room, Pantry, Utility Room
Flooring: Carpet, Ceramic Tile, Tile, Vinyl, Wood
Construction Materials: Frame, Wood Siding

Legal Description

Phase: 8
County: Currituck
Subdivision: Corolla Light
Deed Book: 1050
Deed Book Page Number: 550
County Pin Number: 115b00008000000
Price Change: 5/18/2024
Road Surface: Paved, Private
Association Amenities: Gated, Fitness Center, Indoor-Comm. Pool, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Sound Access, Board Walk, Common Area

Lot Details

Lot Features: Adj. To Common Area, Corner Lot, Level
Lot Faces: E
Waterfront: 2 - lots from oceanfront (3rd row
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2023
Annual Property Taxes: $5,607.00
Flood Zone: X
Flood Insurance Expense: 819
Water Source: Municipal
Pool Or Spa Expense: 2218
Yearly Expense: Actual
Yearly Elecric Expense: 2172
Contract Status Change Date: 5/19/2024
Estimated Annual Fee Amt: $4,028.00
Sewer: Public Sewer
Association Fee Includes: Electricity, Common Insurance, Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Electroni Locks: Leased
Bank/Institution Owned: No
Listing Restrictions: See Broker Notes
Exterior: Lap Siding,Wood,Composite Siding
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Elevator,Garage Door Opener,Hot Tub,Indoor Tennis,Jet Tub,Landscaped,Lawn Sprinklers,Outdoor Tennis,Outside Lighting,Outside Shower,Smoke Detector(s),Storm Windows,Sun Deck,Dry Entry,Inside Laundry Room
Fuel Tanks: None
HOA Contact Name: Ben Stikeleather
Primary Residence: No
Street Frontage : 208
HOA Contact Info: 252-453-2455

Rental Income

Annual Rental Income: 116400
Rental Performance: 0.0817
Owner Rental Income 2024 Amount: 105689
Avertised Income 2024 Amount: 116938
Owner Renatl Income 2023 Amount: 88476
Avertised Income 2023 Amount: 96007
Owner Renatl Income 2022 Amount: 80860
Avertised Income 2021 Amount: 91200

Listing Agent Remarks

** $54,000 PRICE REDUCTION ** Hard to top this impressive residence located oceanside in the ocean to sound award winning resort community of Corolla Light. This iconic home is situated on the main square adjacent to the oceanfront complex, which is the heartbeat of this planned development. One of only 9 homesites that have this similar location, that offers unobstructed open space and panoramic ocean views. A bonus is the oversized corner lot that affords 2 driveways/2 garages for ample parking and storage. The lush landscaping is maintained with a separate water meter. The main entryway is flanked with grand window glazing that allows the light to filter through the home. The ground floor level has a bedroom and bath, media/rec room with pool table, wet bar, access to both garages and exterior shower. From there you have the luxury of an elevator that will whisk you and your supplies to the level you choose. The mid level offers 4 bedrooms, 2 of which are en suite masters with covered exterior deck access. A hot tub is available to soothe and relax. The top level opens up to a large great room that overlooks the ocean, half bath and fully appointed kitchen & appliances. An additional grand master bedroom with large bathroom, whirlpool tub and walk in shower. Bedroom and living area have access to the spacious sun deck with exceptional ocean views. 2 beach walkways nearby provide easy direct access. The numerous amenities (oceanfront/soundfront pools, tennis courts, pickleball, basketball, volleyball, indoor recreation/athletic center) that Corolla light has to offer are within walking distance on the dedicated walkways, or take the Corolla Light trolleys that run every 15 minutes within the community. Whether you want to swing in the hammock, swim in the ocean, paddleboard on the sound, relax by the pool or enjoy family time at your beach house, this is the place to be.

Directions

North on Hwy 12. Turn right on Austin St. at Corolla Light main entrance. Turn right on Franklyn St. House on left at 1179 Franklyn St.

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 1179 Franklyn Street in Corolla is provided courtesy of Brindley Beach Vacations & Sales-Corolla C: 252-453-3033. 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 1179 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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