Listing Details For 1072 Corolla Drive in Corolla

Closing Price:
$1,699,000
1072 Corolla Drive, Corolla, NC 27927
9 bd
8 ba
5288 sq ft
MLS #: 124178
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,600,000.00
Closing Date: 3/26/2024
Contract Date: 2/20/2024
Seller Concessions: Yes
Concession Comments: $6,000 Seller paid closing credit
Total Days on Market:
Cumulative Days on Market: 62
Due Diligence Date: 3/21/2024

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 62
Cumulative Days On Market: 62
Listing Price: $1,699,000
Original Listing Price: $1,699,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 3/26/2024
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: 5288
Asking Price Per SqFt: $321.00
Heated Living Area Sq Ft: 5288
BedroomsTotal: 9
Bathrooms Full: 8
Bathrooms Partial: 1
Year Built: 2006
Architectural Style: Contemporary, Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Stackable Washer/Dryer, Washer
Roof: Asphalt
Parking: Paved
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: Heated, In Ground, Outdoor Pool, Private
Screen Porch Size: 10 X 16.5
Sun Deck Size: 10Ft. Wide
Counter Tops: Granite
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s), Wet Bar
Heating: Central, Heat Pump
Room Type: Game Room, Home Theater, Pantry, Shipswatch
Flooring: Carpet, Ceramic Tile
Construction Materials: Frame, Wood Siding

Legal Description

County: Currituck
Subdivision: Whalehead Club
Deed Book: 1685
Deed Book Page Number: 284
County Pin Number: 115A00000590003
Price Change: 3/25/2024
Road Surface: Paved, Public
Association Amenities: Ocean Access

Lot Details

Waterfront: More than 5th row
View: Ocean, Sound
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2023
Annual Property Taxes: $5,799.00
Flood Zone: X
Water Source: Municipal
Yearly Water Expense: 2278
Yearly Expense: Actual
Yearly Elecric Expense: 4440
Yearly Cable Tv Expense: 3496
Contract Status Change Date: 3/26/2024
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: Cement Fiber Board
Extras: Attic Fan,Beach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Elevator,Handicap Friendly,Hot Tub,Outside Shower,Screened Porch,Smoke Detector(s),Sun Deck
Fuel Tanks: None
HOA Contact Name: Whalehead POA
Primary Residence: No
HOA Contact Info: wpoa.org

Rental Income

Annual Rental Income: 176120
Rental Performance: 0.1101
Owner Rental Income 2024 Amount: 131899
Avertised Income 2024 Amount: 143213
Owner Renatl Income 2023 Amount: 126586
Avertised Income 2023 Amount: 137440
Owner Renatl Income 2022 Amount: 152023
Avertised Income 2021 Amount: 140047
Owner Rental Income 2021 Amount: 135337
Avertised Income 2021 Amount: 123660

Listing Agent Remarks

This is a truly amazing beach house offering all the amenities and excellent maintenance with special attention to detail. Ocean and sound views from the roof top deck, elevator, theatre room, 9 bedrooms (7 masters) 8 bathrooms, 1 half bath, game room, handicap accessible, X flood zone, 2 pools (large pool heated and refurbished kiddie pool). NEW hot tub, furniture, appliances, exterior and interior paint, expansive decking with all NEW steps and more! Excellent rental investment (Repeat Rental Loyalty Program). Solid rental performance year after year. Over $101,000.00 Booked Already for 2024. NOTE pets allowed projection $176,000.00. Improvements are endless, HVAC, hot water heater, exterior and interior paint, pool heater, furniture, appliances, tile in foyer, all new deck steps, refurbished kiddie pool, flat screen TV’s throughout. See entire list of improvements provided in associated documents. Top level fully equipped kitchen providing everything guests need or want, granite countertops, 2 full size refrigerators, 2 dishwashers, 2 pantries, microwave, wine cooler, large great room and new ceiling lighting, access to deck facing the ocean and screen porch, reading nook, large master bedroom with sitting room and private deck. Second level 5 master bedrooms, full size washer and dryer. Bottom level Theatre room seats 16 with a 100” projector Screen, 2 bedrooms, stack washer dryer, game room with full size pool table, Wet bar with fridge, microwave, glass front cabinets, access to expansive pool area with 2 pools, new hot tub and a super abundant amount of deck furniture. Outdoor shower, basketball hoop and storage for beach chairs and toys. Located in the very popular Whalehead Club subdivision only 3 streets and Corolla Fire Department located within the subdivision. Currituck County maintains the streets and beach walkways. No association fees. Close to popular attractions, Currituck Lighthouse, the historic Whalehead Club, Currituck Club Golf, 4-wheel drive area & horse tours, very popular restaurants and shopping. New public playground, boating/sailing in Currituck Sound. Rentals are blocked until spring 2024 vacant easy to show! Be sure to SHOW this one!

Directions

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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 1072 Corolla Drive in Corolla is provided courtesy of Beach Realty & Construction- Corolla joanne@beachrealtync.com. 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 1072 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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