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Listing Details For 1040 Corolla Drive in Corolla

Closing Price:
$499,900
1040 Corolla Drive, Corolla, NC 27927
6 bd
5 ba
2754 sq ft
MLS #: 98666
Status: Closed

Sold Details

Status: Closed
Sold Price: $486,000.00
Closing Date: 5/24/2018
Contract Date: 4/23/2018
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 137

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 137
Cumulative Days On Market: 137
Listing Price: $499,900
Original Listing Price: $499,900
Possession: Close Of Escrow
Short Sale: No
Price Date: 5/24/2018
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 2754
Asking Price Per SqFt: $182.00
Heated Living Area Sq Ft: 2754
BedroomsTotal: 6
Bathrooms Full: 5
Bathrooms Partial: 1
Year Built: 2002
Garage: Carport
Architectural Style: Contemporary, Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: Dryer, Dishwasher, Microwave, Refrigerator, Range/Oven, Washer
Roof: Asphalt
Parking: Paved
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: In Ground, Private
Counter Tops: Laminate
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s), Wet Bar
Heating: Heat Pump
Room Type: Breakfast Nook, Game Room
Flooring: Carpet, Ceramic Tile
Construction Materials: Frame, Wood Siding

Legal Description

County: Currituck
Subdivision: Whalehead Club
Deed Book: 778
Deed Book Page Number: 695
County Pin Number: 115A00000700005
Price Change: 5/24/2018
Road Surface: Paved
Association Amenities: Ocean Access

Lot Details

Lot Size Acres: 0.46
Lot Size Dimensions: 100x200
Lot Size Square Feet: 20000
Lot Features: Wooded
Lot Faces: E
Waterfront: More than 5th row
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2017
Annual Property Taxes: $3,358.00
Flood Zone: X
Water Source: Municipal
Contract Status Change Date: 5/25/2018
Estimated Annual Fee Amt: $45.00
Sewer: Septic Tank
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Cement Fiber Board
Extras: Beach Access,Ceiling Fan(s),Covered Decks,Hot Tub,Landscaped,Outside Lighting,Outside Shower,Sun Deck
Primary Residence: No

Rental Income

Annual Rental Income: 51350
Rental Performance: 0.1057

Listing Agent Remarks

This 6 bedroom (3 are master suites) 5.5 bath home is located 3 lots from direct beach access on Sturgeon Street and in an X Flood zone (NO FLOOD INSURANCE REQUIRED). The rental income is consistently over $50,000 generating a 10% Gross Rate of Return. Probably could do more with some updating. Top level has a master bedroom with private deck access, large great room with gas fireplace and cathedral ceilings, kitchen with ceramic tile flooring, and a 1/2 bath. There's plenty of deck space to watch the children play in the pool or volleyball in the backyard. Mid-level: Cozy den with day bed and french glass doors for privacy, two queen master bedrooms, a bedroom with a double bed, a full bath and laundry room. Ground Level: Has the game room with bumper pool, air hockey, wet bar, and mini refrigerator. There is also a bunk bedroom, a bedroom with a pyramid bed and a full bath. Outside there's a sand volleyball court, a 12x30 pool with spacious hangout area, and a private hot tub. Looking for a rental machine that's get's that 10% return and potential to do more? This is it. 2017: Replaced bedroom TV's. 2016: Replaced 2 sofas in great room, pool and spa pumps, 2 HVAC units. 20015: Carpet in all bedroomsMost big ticket items like HVAC, Hot Water Heater, Appliances and Flooring have been replaced in the past 3 years. 2014: Replaced recreation room flooring, and 2 Hot Water Heaters. 2012 Hot Tub was replaced.

Directions

Ocean Trail to Shad, right on Corolla Drive House is on the 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 1040 Corolla Drive in Corolla is provided courtesy of Coldwell Banker Seaside Realty - KDH C: 252-202-2375. 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 1040 Corolla Drive in Corolla is no longer available for sale.

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