Listing Details For 995 Corolla Drive in Corolla

Closing Price:
$949,000
995 Corolla Drive, Corolla, NC 27927
9 bd
8 ba
4024 sq ft
MLS #: 107151
Status: Closed

Sold Details

Status: Closed
Sold Price: $885,000.00
Closing Date: 9/30/2020
Off Market Date: 4/17/2020
Contract Date: 7/28/2020
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 214
Due Diligence Date: 9/5/2020

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 214
Cumulative Days On Market: 214
Listing Price: $949,000
Original Listing Price: $949,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 9/30/2020
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: $236.00
Heated Living Area Sq Ft: 4024
BedroomsTotal: 9
Bathrooms Full: 8
Bathrooms Partial: 2
Year Built: 2004
Garage: None
Architectural Style: Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: Countertop Range, Dryer, Dishwasher, Ice Maker, Refrigerator w/Ice Maker, Washer, Wine Cooler, Wall Oven
Roof: Asphalt
Parking: Off Street, Paved
Foundation: Piling, Slab
Pool: Yes
Pool Type: Private
Pool Features: Fiberglass, 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

Section: 7
County: Currituck
Subdivision: Whalehead Club
Subdivision Name: Whalehead Beach
Deed Book: 1136
Deed Book Page Number: 0435
County Pin Number: 115A00000470007
Price Change: 9/29/2020
Road Surface: Paved, Public

Lot Details

Lot Size Acres: 0.51
Lot Size Dimensions: 110x200
Lot Size Square Feet: 22000
Lot Features: Corner Lot, Level
Waterfront: 4 - lots from oceanfront (5th row)
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2019
Annual Property Taxes: $4,270.00
Home Oner Insurance Expense: 1092
Flood Zone: X
Flood Insurance Expense: 724
Wind Insurance: 4997
Water Source: Municipal
Contract Status Change Date: 9/30/2020
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
Extras: Beach Access,Ceiling Fan(s),Covered Decks,Hot Tub,Outside Lighting,Outside Shower,Sun Deck
HOA Contact Name: -
Primary Residence: No
Street Frontage : 110
HOA Contact Info: -

Rental Income

Annual Rental Income: 116700
Rental Performance: 0.1319
Avertised Income 2021 Amount: 84450

Listing Agent Remarks

Rental Machine! The term rental machine is often used when describing real estate, but in this case it's 100% spot on. This 9 bedroom, 8 full 2 partial bathroom home booked over $116,000 in 2019, making this property an investors dream. That's an ROI of 12.30%. 2020 bookings are already over $106,000 confirmed! Most homes that rent as strongly as this one require some updating, NOT THIS HOME, this property is turnkey and ready for the new owner. Buyer now to take advantage of the entire 2020 rental season already being booked. Located on a corner lot (110 x 200) in beautiful Whalehead Beach this property also offers amazing ocean views all while being a short walk to the beach (located next to beach walkway). Private pool, hot tub, volleyball court are just a few of the outdoor amenities. If you are looking for a home that offers STRONG cash flow, then look no further. This is the rental property you have been waiting for. See Associated Docs for 2021 bookings.

Directions

Highway 12 to Bonito. Right on Bonito, Left on Corolla. Home on corner of Corolla & Herring.

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: 252-207-6588. 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 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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