Listing Details For 1171 Franklyn Street in Corolla

Closing Price:
$1,225,000
1171 Franklyn Street, Corolla, NC 27927
6 bd
6 ba
3000 sq ft
MLS #: 122543
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,163,000.00
Closing Date: 9/18/2023
Contract Date: 8/7/2023
Seller Concessions: Yes
Concession Comments: Concession to buyer
Total Days on Market:
Cumulative Days on Market: 52
Due Diligence Date: 8/30/2023

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 52
Cumulative Days On Market: 52
Listing Price: $1,225,000
Original Listing Price: $1,225,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 9/21/2023
Furnishing Available: Yes
Bill Of Sale Amount: Yes
Ownership: Owned 12 Months or less
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 3000
Asking Price Per SqFt: $408.00
Heated Living Area Sq Ft: 3000
BedroomsTotal: 6
Bathrooms Full: 6
Bathrooms Partial: 1
Year Built: 2002
Garage: 3 + Car,Carport
Architectural Style: Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: Disposal, Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer
Roof: Asphalt
Parking: Paved
Foundation: Piling, Slab
Pool: Yes
Pool Type: Association
Pool Features: Association, Gunite, In Ground, Outdoor Pool
Builder Name: Renaissance Construction
Counter Tops: Solid Surface
Cooling: Central Air, Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s), Pantry, Walk-In Closet(s)
Heating: Central, Electric, Forced Air, Heat Pump, Zoned
Room Type: Foyer, Game Room, Media Room, Pantry
Flooring: Carpet, Hardwood, Tile
Construction Materials: Frame, Wood Siding

Legal Description

Phase: 2B
County: Currituck
Subdivision: Corolla Light
Subdivision Name: Corolla Light PUD
Deed Book: 1596
Deed Book Page Number: 269
County Pin Number: 115B00002170000
Price Change: 9/20/2023
Road Surface: Paved, Private
Association Amenities: Clubhouse, Common Area, Gated, Fitness Center, Indoor-Comm. Pool, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Sound Access

Lot Details

Lot Features: Adj. To Common Area, Level
Lot Faces: E
Waterfront: 4 - lots from oceanfront (5th row)
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2022
Annual Property Taxes: $4,380.00
Flood Zone: X
Water Source: Municipal
Yearly Water Expense: 1442
Pool Or Spa Expense: 2359
Yearly Expense: Actual
Yearly Elecric Expense: 2359
Yearly Cable Tv Expense: 2018
Contract Status Change Date: 9/21/2023
Estimated Annual Fee Amt: $3,662.00
Sewer: Public Sewer
Septic Fee: 1076
Association Fee Includes: Electricity, Common Insurance, Maintenance Grounds, Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Electroni Locks: Owned
Bank/Institution Owned: No
Exterior: Composite Siding,Lap Siding
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Hot Tub,Indoor Tennis,Jet Tub,Landscaped,Outdoor Tennis,Outside Lighting,Outside Shower,Patio,Screened Porch,Smoke Detector(s),Sun Deck,Dry Entry,Inside Laundry Room
Fuel Tanks: None
HOA Contact Name: erin@corolla-light.com
Primary Residence: No
HOA Contact Info: 252-453-2455

Rental Income

Annual Rental Income: 98630
Rental Performance: 0.0848
Owner Renatl Income 2023 Amount: 52913
Avertised Income 2023 Amount: 57332
Owner Renatl Income 2022 Amount: 58414
Avertised Income 2021 Amount: 63297
Owner Rental Income 2021 Amount: 43370
Avertised Income 2021 Amount: 48242

Listing Agent Remarks

A rare find located oceanside in the award winning Corolla Light Resort. This location affords a partial ocean view from the 3rd level sun deck. The home backs up to a community walking path that has a direct to beach access. The current original owners chose highly regarded Renaissance Construction to build this family's beach retreat. Centrally located near all of Corolla Light communities oceanside amenities. This home is generously appointed with hard wood flooring, tiled Kitchen and bath surfaces, solid wood doors, high end trim package, vinyl deck railings & posts. Engineered Board exterior siding for long life. This well maintained 6 BR, 6.5 BA home is spread out on 3 levels. The ground floor has game/entertainment room with a bedroom and adjoining bath to recreation area. The mid level has 4 BR with en-suite baths and access to a comfortable front porch and covered oceanside deck. The top level has an expansive great room, well equipped kitchen, adjoining screen porch with access to a large sundeck. In addition, this is where you will find the King Master Bedroom suite with a jacuzzi tub. Take pleasure in knowing you are well situated in a well built home, within this private ocean to sound community. 1 new Heat Pump/Air Handler 2022, 1 Heat Pump/Air Handler 2015. Water Heater 2022. All new kitchen appliances except refrigerator 2014. Washer/Dryer 2020. Hot tub cover. Exterior painting.

Directions

Hwy 12 North to Corolla. Turn right onto Austin St. to enter Main Entrance to Corolla Light. Driveway to home is at the beginning of Franklyn Street.

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 1171 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 1171 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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