NOT LISTED FOR SALE

Estimated Value: $1,019,000 - $1,205,571

0.23 Acre
$4,915,839 Price per Acre
10,000 Sq Ft Lot

Last Sold June 29, 2022

Last sale price $165,000

Est. 585% increase in value since last sale

Current estimated payment $6,777/month

398 Days on Market

Highlights

  • Community Beach Access
  • Community Indoor Pool
  • Tennis Courts
  • Health Club
  • Corner Lot

About This Lot

As of June 2022

This parcel is one of the last buildable homesites in Corolla Light. It is a prime corner lot with room for up to a 6 bedroom home with pool. The homesite is level and dry in a X- flood zone. Why buy an older beach house that needs updating and repairs? Construct your dream home here and enjoy the benefits of a state-of-the-art house located in this most sought-after neighborhood. Hampton Street's proximity to the sound offers peaceful strolls on the water's edge and spectacular sunsets nightly. Walk to the beach or take the community’s trolley to the oceanfront complex where there are two huge pools, playground and oceanfront restaurant. The indoor Sports Center is nearby with an olympic-sized pool, fitness rooms, and clay tennis courts. Everything is close at hand: shopping, dining, recreational facilities, Corolla Historic Park and more. There are very few unbuilt lots in Corolla Light and rarely does one come on the market. Seller is a local building contractor who would entertain an agreement with buyer to construct a new home on the site. Claim this lot now and construct a brand-new home with the features you want. Or just hold on to this precious homesite and watch your investment grow. A recent survey is available.

Last Agent to Sell the Property

Scott Wheeler

Celebration Realty License #274905 Listed on: 05/14/2021

Last Buyer's Agent

Jason Bare

Own Real Estate of NC, LLC License #312312

Own Real Estate of NC, LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $530

Lot Details

  • 10,000 Sq Ft Lot
  • Property fronts a private road
  • Corner Lot
  • Level Lot

HOA Fees

  • $223 Monthly HOA Fees

Utilities

  • Municipal Utilities District for Water and Sewer

Community Details

Overview

  • Association fees include grounds maintenance, management, pool, road maintenance, security, walkways
  • Don Cheek Association, Phone Number (252) 453-2455
  • Corolla Light Subdivision

Recreation

  • Community Beach Access
  • Health Club
  • Tennis Courts
  • Community Playground
  • Community Indoor Pool

Property Details

Property Type

Land

Est. Annual Taxes

$530

Lot Details

0

HOA Fees

$223 per month

Listing Details

  • Class: LOTS/LAND
  • Flood Zone: X
  • Headline: Prime Lot in Corolla Light
  • L V T Date: 05/14/2021
  • Roads: Private, Paved
  • Sale/Rent: For Sale
  • Zoning: res
  • Deed Book Pg Number: 76
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Corolla Light
  • Newpoint Media: Yes
  • Office License Number: C31179
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • Sewer/Septic System: Municipal Sewer
  • Water: Municipal

Condo/Co-op/Association

  • Association Amenities: Health Club, Indoor Comm. Pool, Indoor Comm. Tennis, Ocean Access, Outdoor-Comm. Tennis, Outdoor-Comm. Pool, Playground, Sound Access
  • Association Fee: Yes
  • Estimated Annual Fee: 2673
  • Hoa Contact: Don Cheek
  • HOA Contact: 252-453-2455
  • Fee Includes: Grounds Maintenance, Management, Pool, Road Maintenance, Security, Walkways

Lot Info

  • Estimated Lot Sq Ft: 10000
  • Lot Description: Corner, Level
  • Lot Size: 9936 .23 Acre
  • Estimated Lot Size: 0.23
  • Deed Book: 1396
  • Unit/Lot Number: Lot 592

Tax Info

  • Year: 2020
  • Taxes: 530

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 26, 2024
Sold by
Jrs Properties Llc
Bought by
Sheely Ryan Wesley
Current Estimated Value
$1,130,643

Purchase Details

Listed on
May 14, 2021
Closed on
Jun 27, 2022
Sold by
Paiterson and Wendy
Bought by
Jrs Properties Llc
Seller's Agent
Scott Wheeler
Celebration Realty
Buyer's Agent
Jason Bare
Own Real Estate of NC, LLC
List Price
$209,000
Sold Price
$165,000
Premium/Discount to List
-$44,000
-21.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
83.87%

Purchase Details

Closed on
Jan 10, 2017
Sold by
Harbinger Land & Timber Llc
Bought by
Patterson Rex and Patterson Wendy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,608
Interest Rate
4.3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 10, 2014
Sold by
Burrows Louisa Y and Burrows Allan M
Bought by
Harbinger Land & Timber Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sheely Ryan Wesley -- Priority Title
Jrs Properties Llc $990,000 Casey & Robbins Pc
Patterson Rex $77,000 Attorney
Harbinger Land & Timber Llc $44,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patterson Rex $56,608
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2022 06/29/22 Sold $165,000 0.0% --
06/16/2022 06/16/22 Pending -- -- --
03/21/2022 03/21/22 Price Changed $165,000 -7.8% --
10/25/2021 10/25/21 Price Changed $179,000 -10.1% --
07/31/2021 07/31/21 Price Changed $199,000 -4.8% --
05/14/2021 05/14/21 For Sale $209,000 -- --
Source: Outer Banks Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,721 $607,700 $70,000 $537,700
2023 $4,721 $607,700 $70,000 $537,700
2022 $357 $70,000 $70,000 $0
2021 $357 $100,000 $100,000 $0
2020 $530 $100,000 $100,000 $0
2019 $530 $100,000 $100,000 $0
2018 $530 $100,000 $100,000 $0
2017 $480 $100,000 $100,000 $0
2016 $480 $100,000 $100,000 $0
2015 $480 $100,000 $100,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 114401

Outer Banks Association of REALTORS®

APN: 115B-000-0592-0000