Listing Details For 1141 Franklyn Street in Corolla

Closing Price:
$1,399,000
1141 Franklyn Street, Corolla, NC 27927
6 bd
4 ba
2871 sq ft
MLS #: 123670
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,250,000.00
Closing Date: 3/15/2024
Contract Date: 1/27/2024
Seller Concessions: Yes
Concession Comments: $17,500 credit for plumbing and structural
Total Days on Market:
Cumulative Days on Market: 106
Due Diligence Date: 3/11/2024

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 106
Cumulative Days On Market: 106
Listing Price: $1,399,000
Original Listing Price: $1,499,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 3/15/2024
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 2871
Asking Price Per SqFt: $487.00
Heated Living Area Sq Ft: 2871
BedroomsTotal: 6
Bathrooms Full: 4
Bathrooms Partial: 1
Year Built: 1987
Garage: Carport
Sub Type: Single Family Residence
Appliances: 2nd Refrigerator, Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer, Wine Cooler
Roof: Asphalt
Parking: Paved
Foundation: Piling
Pool: Yes
Pool Type: Private and Association
Pool Features: Association, Heated, In Ground, Outdoor Pool, Private
Counter Tops: Granite
Cooling: Central Air, Heat Pump
Interior Features: Wet Bar
Heating: Central, Heat Pump
Room Type: Library, Sun/Florida Room, Shipswatch
Flooring: Carpet, Ceramic Tile, Engineered Wood, Hardwood, Vinyl Tile
Construction Materials: Frame

Legal Description

County: Currituck
Subdivision: Corolla Light
Deed Book: 1602
Deed Book Page Number: 518
County Pin Number: 115B00001100000
Price Change: 3/14/2024
Road Surface: Paved
Association Amenities: Clubhouse, Common Area, Fitness Center, Indoor-Comm. Pool, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Sound Access

Lot Details

Land Tax Value: 357500
Total Assessed Value: 722800
Lot Size Acres: 0.21
Lot Size Square Feet: 9300
Waterfront: 3 - lots from oceanfront (4th row)
View: Ocean, Park/Greenbelt
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2023
Annual Property Taxes: $5,087.00
Home Oner Insurance Expense: 1728
Flood Insurance Expense: 914
Wind Insurance: 5291
Water Source: Municipal
Contract Status Change Date: 3/15/2024
Estimated Annual Fee Amt: $3,662.00
Sewer: Private Sewer
Association Fee Includes: Electricity, Common Insurance, Management, Pool, Security, Tennis Courts, Walkways
Association Fee Yes or No: Yes

Financials

Electroni Locks: Leased
Bank/Institution Owned: No
Exterior: Cement Fiber Board
HashTag of Units: 0
Extras: Ceiling Fan(s),Covered Decks,Hot Tub,Landscaped,Outside Shower,Sun Deck,Inside Laundry Room
Fuel Tanks: None
HOA Contact Name: Connie Johnson
Primary Residence: No
HOA Contact Info: connie@corolla-light.com

Rental Income

Annual Rental Income: 115119
Rental Performance: 0.0921
Owner Rental Income 2024 Amount: 23154
Avertised Income 2024 Amount: 25958
Avertised Income 2023 Amount: 112540
Avertised Income 2021 Amount: 102635
Avertised Income 2021 Amount: 98870

Listing Agent Remarks

This Row 4 COROLLA LIGHT oceanside stunner has PANORAMIC OCEAN VIEW larger than from many semi-oceanfront homes! And lighthouse lovers will adore the grand view of the historic CURRITUCK LIGHTHOUSE to the west. Beautifully-furnished and appointed with UPDATED kitchen and baths, NEW sunroom windows and in last several years--2016 Certainteed 30-yr ROOF Shingles; July 2020 two TRANE heat pump systems; 2019 Hayward POOL Heat Pump; 2010 Certainteed cement fiberboard siding, windows, exterior paint and front door! Also SINCE 2021 interior paint, flooring, furniture & decor! Fantastic RENTAL INCOME producer with unique floor plan that caters to relaxing pleasures, top to bottom: Enjoy a sip in the amazing view in the top-level Shipswatch with wet bar; this room is lined with upholstered bench built-ins for napping/reading, too. A cozy stairwell napping/reading nook is perfect at sunrise. The lower-level TV/library/open space is like another den and is convenient to the laundry space. "Sunroom" off kitchen/dining has THE MOST GORGEOUS VIEWS of all! Or head out from several sliders onto the OVER 900sf of covered and sun DECKS to bask or take in the ocean breeze. And the sparkling 26x11 HEATED PRIVATE POOL caps off fun and enjoyment! Corolla Light has THE BEST COMMUNITY AMENITIES, simply unmatched in OBX, creating a cloistered Resort that guests seek year after year, and include the year-round Brindley Sports Complex with Indoor Tennis, Racquetball, Gym & HUGE indoor pool; Oceanfront Complex with Dining/Bar ("Crabcake Heaven"), Snacks, Games, Kiddie Pool; outdoor Tennis Courts; soundside Outdoor Pool; Walking paths, and summertime Trolley Service! Annual HOA fees are billed bi-annually as $1,831 each Jan 1 and April 1. User Fees apply to all Corolla Light vacation rental owner properties; see User Fee schedule in Assoc Docs. Plus--easy access the numerous shops, activity rentals and dining spots at Corolla Light Town Center without ever leaving the neighborhood!

Directions

From Rt 12/Ocean Trail: east onto Austin St into Corolla Light; left at Franklyn St; house is on the left in the big curve.

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 1141 Franklyn Street in Corolla is provided courtesy of Shore Realty C: 800-647-1868. 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 1141 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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