Listing Details For 1117 Franklyn Street in Corolla

Closing Price:
$2,299,000
1117 Franklyn Street, Corolla, NC 27927
6 bd
6 ba
3886 sq ft
MLS #: 121560
Status: Closed

Sold Details

Status: Closed
Sold Price: $2,010,000.00
Closing Date: 12/8/2023
Contract Date: 11/1/2023
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 245

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 245
Cumulative Days On Market: 245
Listing Price: $2,299,000
Original Listing Price: $2,599,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 12/9/2023
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: 3886
Asking Price Per SqFt: $592.00
Heated Living Area Sq Ft: 3886
BedroomsTotal: 6
Bathrooms Full: 6
Bathrooms Partial: 1
Year Built: 1994
Architectural Style: Coastal
Sub Type: Single Family Residence
Appliances: Disposal, Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer
Roof: Asphalt
Parking: Off Street, Underground
Foundation: Piling
Pool: Yes
Pool Type: Private and Association
Pool Features: Association, In Ground, Outdoor Pool, Private
Counter Tops: Granite
Cooling: Heat Pump
Interior Features: Cathedral Ceiling(s), Pantry, Wet Bar
Heating: Heat Pump
Flooring: Ceramic Tile, Vinyl Tile
Construction Materials: Frame, Wood Siding

Legal Description

County: Currituck
Subdivision: Corolla Light
Deed Book: 1622
Deed Book Page Number: 51 364205
County Pin Number: 115B00002300000
Price Change: 12/8/2023
Road Surface: Paved, Private
Association Amenities: Clubhouse, Common Area, Fitness Center, Indoor-Comm. Pool, Ocean Access, Outdoor-Comm. Pool, Playground

Lot Details

Lot Features: Waterfront
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2022
Annual Property Taxes: $6,578.00
Home Oner Insurance Expense: 2850
Flood Zone: X
Flood Insurance Expense: 1056
Wind Insurance: 5539
Other Expenses 3: 235
Water Source: Municipal
Yearly Water Expense: 953
Other Yearly Expense: 913
Pool Or Spa Expense: 3126
Yearly Expense: Actual
Yearly Elecric Expense: 3880
Yearly Cable Tv Expense: 2619
Contract Status Change Date: 12/9/2023
Estimated Annual Fee Amt: $3,662.00
Sewer: Public Sewer
Association Fee Includes: Building Maintenance, Electricity, Common Insurance, Maintenance Grounds, Management, Pool, Tennis Courts
Other Expenses 2: 500
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Lap Siding
Extras: Beach Access,Ceiling Fan(s),Common Laundry Area,Hot Tub,Outside Lighting,Outside Shower,Screened Porch,Smoke Detector(s),Sun Deck,Whirlpool/Spa,Dry Entry
Fuel Tanks: Leased
HOA Contact Name: Erin@corolla-light.com
Primary Residence: No
HOA Contact Info: 2524532455

Rental Income

Annual Rental Income: 256080
Rental Performance: 0.1274
Owner Rental Income 2024 Amount: 221440
Avertised Income 2024 Amount: 236554
Owner Renatl Income 2023 Amount: 153442
Avertised Income 2023 Amount: 164925
Owner Renatl Income 2022 Amount: 130472
Avertised Income 2021 Amount: 137972
Owner Rental Income 2021 Amount: 156216
Avertised Income 2021 Amount: 166208

Listing Agent Remarks

Oceanfront? Yes. Private Pool? Yes. Upgraded? Yes. In Corolla? Yes. Luxurious? Yes, yes, yes! All of it! Experience the ultimate beachfront lifestyle in this extraordinary 6-bedroom (5 with ensuites), 6.5-bath custom-built home in the coveted Corolla Light community. The panoramic ocean views are unparalleled and the meticulous attention to detail and craftsmanship throughout the home are evident. The roof is brand new and the exterior recently painted. The upgraded kitchen with granite countertops and gas range is perfect for cooking and entertaining Outer Banks style. Bask in the sun or relax in the gentle sea breezes on the expansive decking including sun decks and covered areas. The private heated pool with ocean views is an absolute highlight of the property, along with the covered poolside cabana featuring a bar, flat-screen TV and hot tub. With direct access to the community walkway to the beach, you can enjoy the sand and surf with ease. Take advantage of all that Corolla Light has to offer, too, including a community clubhouse with additional pools and amenities such as tennis courts, a sports center, and even an indoor pool. This home has a strong rental history and is perfect for those seeking a luxurious beachfront vacation home or investment opportunity. Don't miss out on this rare gem!

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 1117 Franklyn Street in Corolla is provided courtesy of Keller Williams - Outer Banks C: 252-202-3357. 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 1117 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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