Shore Realty Outer Banks Home Sales

Listing Details For 1058 Lighthouse Drive in Corolla


MLS #: 94003
1058 Lighthouse Drive
Corolla, NC 27927
Asking Price: $1,150,000
Status: Active
Status Date: 10/7/2016



Listing Information

Headline$50,000 Price Reduction
AreaCorolla Oceanside
Beds9
Full Baths9
Partial Baths1
Asking Price$1,150,000
Price Date7/14/2017
Original Asking Price$1,350,000
Land Tax Assessd Value$330,000
Price Per Square Foot$205
Days On Market314
Cumulative Days On Market314
Listing Date10/7/2016
Listing TypeExclusive Right Sell
Input Date Date10/7/2016
Update Date8/16/2017 7:29:00 PM
Sale Or RentFor Sale
OwnershipO
Primary Residence Y/NN

Building Details

TypeSingle Family - Detached
ClassRESIDENTIAL
StyleReverse Floor Plan
Year Built2005
Heated Living Area5600
Air ConditoningCentral,Heat Pump
HeatingCentral,Electric,Heat Pump
AppliancesDisposal,Dishwasher,Dryer,Microwave,Range/Oven,Refrigerator w/Ice Maker,Washer,2nd Dishwasher,2nd Refrigerator
GarageCarport
Interior FeaturesAll Window Treatments,Cathedral Ceiling(s),Dryer Connection,Gas Connection,Gas Fireplace,Master Bath,Pantry,Walk in Closet,Washer Connection,Wet Bar
ExtrasBeach Access,Ceiling Fan(s),Covered Decks,Elevator,Hot Tub,Jet Tub,Outside Lighting,Outside Shower,Patio,Smoke Detector(s),Sun Deck
Floor CoveringsCarpet,Ceramic Tile,Tile,Wood,Hardwood
AppliancesDisposal,Dishwasher,Dryer,Microwave,Range/Oven,Refrigerator w/Ice Maker,Washer,2nd Dishwasher,2nd Refrigerator
ConstructionFrame
RoofAsphalt/Fiber Shingle
Pool Y/NYes
Pool TypeOutdoor,In Ground,Concrete,Private Pool
ExteriorCement Fiber Board
FoundationPiling
Bedroom 1 Level2
Bedroom 2 Level 1
Bedroom 3 Level 1
Bedroom 4 Level 1
Bedroom 5 Level 1
Bedroom 6 Level Ground
Bedroom 7 Level Ground
Bedroom 8 Level Ground
Living Room Level 2
Kitchen Level 2
Dining Room Level 2
Family Room Level Ground
Utility Room Level 1
Optional RoomsFoyer,Game Room
Optional Room 3 Level 1

Lot Details & Legal Description

Address1058 Lighthouse Drive
Unit/Lot #Lot 19
SubdivisionWhalehead Club
Full Subdivision NameWhalehead Club
CountyCurrituck
CityCorolla
StateNC
Zip27927
Deed Page0255
Deed Book0941
Doc Timestamp8/16/2017 7:29:00 PM
Pin Number115A00000190004
Tax Database ID3
Tax Property ID115A00000190004
Lot Square Feet20000
Lot Size/Dimensions100 X 200
Lot FacesE
Street Frontage100
Lot DescritionLevel
View DescriptionOcean
Distance To WaterSemi-Oceanfront
ZoningRES
Flood ZoneAE
ParkingPaved,Off Street,Under
RoadsPaved,Public

Property Expense & Utilities

If the seller of this property located at 1058 Lighthouse Drive in Corolla has provided the expenses, you will see them below, as provided by the listing agent. If there are no expenses listed, give Shore Realty of the OBX a call and let us do the research for you. It helps to know! Local 252-441-3416 or 800-647-1868. OBX Local experts here to help you!

Association Fee Y/NNo
Tax Year2017
Property Taxes$6,200
Flood Insurance$926
Hazard Insurance$724
Maintenance Expenses$450
Yearly Expenses Actual/Estimated$450
Yearly Cable Expense$1,654
Yearly Electrical Expense$4,510
Yearly Telephone Expense$745
Water SourceMunicipal
Yearly Water Expense$738
Other Expenses$800
Other Expenses 2$692
Septic Disposal SystemPrivate Septic
Pool/Spa Expense$3,000

Financial's

Rental Cottage NameWH042 Downtime
Rental Cottage #WH042
Rental Turnover DaySaturday
Finance OptionsCash,Conventional
Furniture Available ?Yes
Bill Of Sale?Yes
Furniture Price/Bill Of Sale Amount$1
PossessionAt Closing
Potential Short Sale Y/NNo
Bank Owned Y/NNo
Associated Document Count8

Rental Income

This section will only apply to homes already in a some type of rental program. If the property located at 1058 Lighthouse Drive is used as a vacation rental home or as a year round rental, you will see the income listed below if provided by the seller's agent. A lack of rental numbers does not necessarily mean the property is not rented out. For more call 800-647-1868 and we can get you the actual rental numbers.

Listing Agent Remarks

Awesome extremely spacious home -- 5600 SF -- semi-oceanfront -- rental income consistently exceeds $100,000. 9 Bedrooms and 9-1/2 baths -- Great ocean views -- Many upgrades -- large open great room, gourmet kitchen, hardwood floors, large gameroom, pool with waterfall, baby pool, hot tub, elevator. Seller only opens for guests from Memorial Day to Labor Day -- a "Projection" of rents for 2018 for an open calendar appears in Associated Docs OWNER OFFERING A $3,000 credit to buyer at settlement for carpeting replacement -- can only be done at end of rental season. Check out the ASSOCIATED DOCS for the awesome Investment Analysis based on the current 2017 rents of $126,175!!! Nearly $30,000 yearly positive cash flow!!!

Directions

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 1058 Lighthouse Drive in Corolla is provided courtesy of Sally Bass of Outer Banks Consulting. 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 1058 Lighthouse 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.

Schools

The school systems on the Outer Banks are never lacking for money. With most of the property owners living out of town, there is a disproportionate amount of tax money available to the schools, the result is lots of money spent per pupil.

We have 2 county school systems on the OBX, the Currituck County School System for residents of Corolla and the Currituck Mainland AND the Dare County School System for residents of the beach's from Duck south through Nags Head to Hatteras Island, Manteo and the Dare County Mainland.

Looking for more info about this property or another OBX properties? We can answer all your questions. Call DIRECT 800-647-1868 or fill out this form and let us know what you need, so we can start to help. It is easier than you think.




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