Closing Price:
$824,900
$824,900
1136 Morris Drive,
Corolla, NC 27927
4 bd
4 ba
2716 sq ft
MLS #: 125777
Status: Closed
Sold Details
Status: Closed
Sold Price: $800,000.00
Closing Date: 9/4/2024
Contract Date: 7/30/2024
Seller Concessions: Yes
Concession Comments: $300 seller credit at closing.
Total Days on Market:
Cumulative Days on Market: 131
Due Diligence Date: 8/29/2024
Listing Information
Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 131
Cumulative Days On Market: 131
Listing Price: $824,900
Original Listing Price: $889,995
Possession: Close Of Escrow
Short Sale: No
Price Date: 9/5/2024
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell
Building Details
Primary Heated Living Area Sq Ft: 2716
Total Living Area Sq Ft: 2716
Asking Price Per SqFt: $304.00
Heated Living Area Sq Ft: 2716
BedroomsTotal: 4
Bathrooms Full: 4
Bathrooms Partial: 1
Year Built: 1987
Garage: Carport
Architectural Style: Reverse Floor Plan, Coastal, Cottage
Sub Type: Single Family Residence
Appliances: Dryer, Dishwasher, Microwave, Refrigerator, Range/Oven, Washer
Roof: Asphalt
Parking: Off Street, Paved, Underground
Foundation: Piling
Pool: Yes
Pool Type: Association
Pool Features: Association
Counter Tops: Granite
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s), Wet Bar
Heating: Central, Electric, Heat Pump
Room Type: Game Room, Loft
Flooring: Carpet, Hardwood, Tile, Laminate
Construction Materials: Wood Siding
Legal Description
Section: NA
Phase: 1
County: Currituck
Subdivision: Corolla Light
Deed Book: 1149
Deed Book Page Number: 672
County Pin Number: 115B00007210000
Price Change: 9/4/2024
Block: NA
Tract: NA
Road Surface: Paved
Association Amenities: Clubhouse, Fitness Center, Indoor-Comm. Pool, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Sound Access
Lot Details
Waterfront: None
Property Type: Residential
Property Expenses & Utilities
Tax Year: 2023
Annual Property Taxes: $3,525.00
Home Oner Insurance Expense: 1505
Flood Zone: X
Flood Insurance Expense: 1050
Wind Insurance: 5203
Other Expenses 3: 691
Water Source: Municipal
Yearly Water Expense: 638
Other Yearly Expense: 300
Total Yearly Expense: 16308
Yearly Expense: Estimated
Yearly Elecric Expense: 2139
Yearly Cable Tv Expense: 948
Contract Status Change Date: 9/5/2024
Estimated Annual Fee Amt: $4,028.00
Sewer: Shared Septic
Maintenance Expense: 2322
Association Fee Includes: Electricity, Common Insurance, Management, Road Maintenance, Security, Tennis Courts
Other Expenses 2: 1512
Association Fee Yes or No: Yes
Financials
Electroni Locks: Leased
Bank/Institution Owned: No
Exterior: Shakes,Wood
Extras: Outside Shower,Patio,Screened Porch,Sun Deck,Roof Top Deck,Dry Entry,Inside Laundry Room
Fuel Tanks: Leased
HOA Contact Name: Connie Johnson, Corolla Light
Primary Residence: No
HOA Contact Info: info@corolla-light.com
Rental Income
Annual Rental Income: 77000
Rental Performance: 0.0963
Owner Rental Income 2024 Amount: 37870
Avertised Income 2024 Amount: 43876
Owner Renatl Income 2023 Amount: 40183
Avertised Income 2023 Amount: 46378
Listing Agent Remarks
If you’ve been dreaming of a WELL-MAINTAINED oceanside home with coastal charm and GREAT INCOME POTENTIAL, search no further than this wonderful 4 BR | 4.5 BA property in amenity-rich Corolla Light! HOME UPDATES in the recent past include top floor HVAC (2024); Kitchen remodeled and top level hardwood floors refinished (2020); Roof (2020); Main decking and railings replaced (2018); New treetop deck (2022); Dryer (2023); New flooring in bunk room (2024) and more! The top floor living area is warm and inviting, with HARDWOOD FLOORING and PLANKED VAULTED CEILING and fireplace surround, and flows easily into the dining room, featuring a CUSTOM WET BAR and an adjacent SCREENED PORCH perfect for serving up happy hour appetizers. The UPDATED KITCHEN offers expansive GRANITE countertops, TILED BACKSPLASH, undermounted double sink, STAINLESS APPLIANCES and SHAKER CABINETRY with a honey blonde finish. This level also features a quiet READING LOFT with a treetop deck, a convenient powder room, and a well-appointed king suite with a private bath featuring a soaking tub and separate shower. As you head downstairs, you’ll want to curl up with a book in the cozy library on the landing with built-in bookcases. On the mid-level, you will find three spacious guest suites, all with PRIVATE ENSUITE BATHS. The king suite offers access to the mid-level deck, and a large bath with soaking tub, separate shower, and elongated sink vanity. The queen bedroom offers private deck access and ensuite bath with a tub/shower combo and refreshed sink vanity. A massive bunk room rounds out the space, with a combination of twin and bunk beds, deck access, and an attached bath with standalone shower. The ground level of this home features a MASSIVE GAME ROOM AND LOUNGE for year-round fun! Challenge the family to a game of pool, watch a late-night movie, or work on a puzzle – the options are endless. A large laundry room is also located on the ground level. Outside, a wooded seaside escape awaits, with manicured landscaping and mature live oaks. Outdoor lounge spaces abound, with expansive sun decks and shaded porches on the mid and upper levels, a treetop lounge off the reading loft, and a cozy screened porch adjacent to the dining room. On the ground level, you’ll find a serene paver patio, picnic area, and a pair of relaxing hammocks swaying with the breeze. An outdoor shower offers added convenience for rinsing the sand away from a day at the beach. Nestled in DESIRABLE COROLLA LIGHT, this home is situated close to the beach access and RESORT-STYLE community amenities including indoor and outdoor pools, tennis, sports courts, fitness center, and nature trail. Local shops, restaurants, and area attractions are also just around the corner. With a thoughtful floor plan, expansive outdoor living, established rental history, and luxurious neighborhood amenities, what’s not to love? Schedule your private tour of this fantastic home today!
Directions
From NC-12: Head East on Austin St. for .2 mi, then turn South onto Franklyn St. and continue for .2 mi. Turn West onto Morris Drive. House is in the loop-around.Official MLS Disclaimer
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courtesy of Keller Williams - Outer Banks C: 252-489-9185. Information is believed to be accurate but is not
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