1110 Schoolhouse Ln Corolla, NC 27927

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6 beds · 5 baths · 3,807 sq ft · Lot Size: 20,020 sq ft · Single Family Home
Est. Property Value: $1,037,331

High Demand Long-Term RentalLarge Lot AdvantageOwned for 10 - 15 YearsOwner Age 45 - 55

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1110 Schoolhouse Ln is in the 27927 neighborhood of Corolla, NC. It is located in Currituck County and ZIP code 27927. This Single Family Home was built in 2001 and is approximately 24 years old. The single family home spans 3807 sq ft with 6 bedrooms and 5 bathrooms and sits on a 20020 sq ft lot. According to public records, it was last sold in 2013 for $749,000 and has a tax-assessed value of $810,900, which is $272 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 1110 Schoolhouse Ln Corolla, NC 27927 with Property Intel by Whitepages.

Investment Potential for 1110 Schoolhouse Ln

The property has a current estimated value of $1,037,331, which is 14% above the zip median, based on public records. It last sold on November 06, 2013 for $749K. Projected long-term
is $58,200 annually ($4,850 per month) with a 10% occupancy rate.

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Long-Term

Gross Rental
$58,200 per year($4,850 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
10%in 27927 zip code
 
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Owners & Occupancy for 1110 Schoolhouse Ln

This property is owned by Kelley C Wolfe. Owner contact information includes 9 phone numbers and 5 email addresses.

Property Owners

Cell Phone(703) ***-****View Cell Phone
Residence************
Landline(540) 896-2821
Distance from Property**********
Email Address********@att.netView Email
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Property Ownership Information

Purchase DateNovember 06, 2013
Property Tax Amount$6,333 in 2024
Purchase Price$749,000

Occupancy

Current Occupancy******View Occupancy

Property Details for 1110 Schoolhouse Ln

Property Details

Property Sq Ft

Living Area

3,807 sq ft

29% above market

Lot Size

20,020 sq ft

33% above market

Price Per Sq Ft

Living Area

$272 / sq ft

13% below market

Lot Size Area

$52 / sq ft

25% below market

Property condition, age, exterior, etc. for 1110 Schoo…
Longitude: -75.827281 Latitude: 36.378437 Parcel Number (APN): 114B-000-0029-0003…
Mortgage originated on through lender: Guaranteed Rate Inc for$******View Mortgage Details

Recommended Properties in 27927

Discover more single family homes near 1110 Schoolhouse Ln in Corolla, North Carolina. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 1110 Schoolhouse Ln in Currituck County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$1,037,331
$437,153
$600,178 (137%)
$*******
$583,318
$893,214 (153%)
YoY Price Change
****%
1.98%
-986%
Year Built
2001
2000
1 year
Living Space
3,807 sq ft
2,660 sq ft
1147 (43%)
$ Per Living Sq Ft
$272
$165
$107 (65%)
Lot Size
20,020 sq ft
19,733 sq ft
287 (1%)
$ Per Lot Sq Ft
$52
$24
$28 (115%)

Net Operating Income
$*****
$22,208
$14,354 (65%)
Annual Revenue
$58,200
$33,000
$25,200 (76%)
$*****
$10,249
$11,389 (111%)
Net Operating Income
$*****
$22,208
$14,354 (65%)
Cap Rate
****%
5.29%
—
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Home Value Comparison: Property vs. Local and Regional 6-Bed Single Family Home Medians

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