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Listing Details For 1140 Franklyn Street in Corolla

Closing Price:
$544,000
1140 Franklyn Street, Corolla, NC 27927
5 bd
4 ba
3020 sq ft
MLS #: 96307
Status: Closed

Sold Details

Status: Closed
Sold Price: $510,000.00
Closing Date: 12/21/2017
Contract Date: 11/17/2017
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 195

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 195
Cumulative Days On Market: 195
Listing Price: $544,000
Original Listing Price: $559,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 12/22/2017
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: 3020
Asking Price Per SqFt: $180.00
Heated Living Area Sq Ft: 3020
BedroomsTotal: 5
Bathrooms Full: 4
Bathrooms Partial: 1
Year Built: 1992
Garage: Carport
Architectural Style: Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: 2nd Refrigerator, 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
Cooling: Central Air, Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s), Cedar Closet(s)
Heating: Central, Electric, Heat Pump, Zoned
Flooring: Carpet, Ceramic Tile
Construction Materials: Frame, Wood Siding

Legal Description

County: Currituck
Subdivision: Corolla Light
Subdivision Name: Corolla Light PUD
Deed Book: 506
Deed Book Page Number: 392
County Pin Number: 115B00001230000
Price Change: 12/21/2017
Road Surface: Paved, Private
Association Amenities: Board Walk, Clubhouse, Fitness Center, Indoor-Comm. Pool, Indoor-Comm. Tennis, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Racquetball, Sound Access

Lot Details

Lot Features: Level
Waterfront: 4 - lots from oceanfront (5th row)
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2016
Annual Property Taxes: $3,416.00
Home Oner Insurance Expense: 6563
Flood Zone: VE,X
Flood Insurance Expense: 2396
Water Source: Municipal
Yearly Water Expense: 2021
Other Yearly Expense: 395
Yearly Elecric Expense: 3900
Yearly Cable Tv Expense: 1443
Contract Status Change Date: 12/22/2017
Estimated Annual Fee Amt: $3,232.00
Sewer: Shared Septic
Association Fee Includes: Electricity, Common Insurance, Maintenance Grounds, Management, Pool, Road Maintenance, Security, Tennis Courts
Other Expenses 2: 1200
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Lap Siding,Wood
Extras: Beach Access,Ceiling Fan(s),Common Laundry Area,Covered Decks,Hot Tub,Landscaped,Outside Lighting,Outside Shower,Smoke Detector(s),Sun Deck
Primary Residence: No

Rental Income

Annual Rental Income: 40567
Rental Performance: 0.0795

Listing Agent Remarks

"Lighthouse Lookout" is a quality vacation home close to the ocean with an easy stroll to the beach access. It features an open kitchen with ceramic tile flooring, two refrigerators and breakfast bar. Just added were stone countertops in the kitchen and breakfast bar. There is a Hot Tub on the top deck. Master bedroom with whirlpool tub and cedar lined closet. Lower level has game room, full bath and laundry room. This home also has 2 carports, 2 outdoor showers and access to all of the Corolla Light amenities. Very spacious inside. Renters love it and it generates close to $50,000 plus in gross income if you add back the two weeks of owners use in August. Priced to sell at less than tax value. This home has been meticulously maintained and would be a perfect second home or vacation rental.

Directions

Hwy 12 N, rt on Austin St, left on Franklyn, pass Baldwin Ct, house on right.

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 1140 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 1140 Franklyn Street in Corolla is no longer available for sale.

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