NOT LISTED FOR SALE

Estimated Value: $846,000 - $915,000

0.37 Acre
$2,348,298 Price per Acre
16,248 Sq Ft Lot

Last Sold October 25, 2017

Last sale price $60,000

Est. 1,360% increase in value since last sale

Current estimated payment $5,452/month

217 Days on Market

Highlights

  • Community Beach Access
  • Health Club
  • Clubhouse
  • Views of a Sound
  • Home fronts a sound
  • Wooded Lot

About This Lot

As of October 2017

This is a rare opportunity to buy one of the last remaining lots in Corolla Light on the soundside. It's perfectly located at the end of the road in a cul-de-sac which establishes more privacy for the property. Combined with the seclusion, the sound views help to create a peaceful atmosphere within this popular subdivision. This large lot presents plenty of area to build a beautiful home, and room for a pool. Along with the endless possibilities the lot offers, the community is a great place to enjoy amenities for all ages and activity levels. Subdivision offers several pools, indoor sports center, playgrounds, trolley service, basketball courts, shuffleboard, lighted volleyball courts, tennis courts, oceanfront complex, shops and restaurants.

Last Listed By

Heather McLay

Landmark Sotheby's International Realty License #188982 Listed on: 02/09/2017

Landmark Sotheby's International Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $480

Year Built

  • 2018

Lot Details

  • Home fronts a sound
  • Cul-De-Sac
  • Wooded Lot

HOA Fees

  • $216 Monthly HOA Fees

Additional Features

  • Views of a Sound
  • Municipal Utilities District for Water and Sewer

Community Details

Overview

  • Association fees include management, pool, tennis courts, walkways
  • Corolla Light Resort Association, Phone Number (252) 453-2455
  • Corolla Light Subdivision

Amenities

  • Common Area
  • Clubhouse

Recreation

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

Property Details

Property Type

Land

Est. Annual Taxes

$480

Year Built

2018

Lot Details

0

HOA Fees

$216 per month

Listing Details

  • Class: LOTS/LAND
  • Directions: Heading North on Route 12 turn left on Hampton St and go all the way to end of street. The lot is a the end of the cul-de-sac on the southeast corner.
  • Flood Zone: X
  • Subdivision Name: Corolla Light
  • Headline: Great price!! Below tax value!
  • L V T Date: 02/09/2017
  • Roads: Paved
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Soundfront
  • Zoning: res
  • Deed Book Pg Number: 638
  • Major Subdivision: Corolla Light
  • Office License Number: C4556
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 2018

Exterior Features

  • View: Sound

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Clubhouse, Health Club, Indoor Comm. Pool, Ocean Access, Outdoor-Comm. Tennis, Outdoor-Comm. Pool, Playground, Sound Access, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 2595
  • Hoa Contact: Corolla Light Resort
  • HOA Contact: 252-453-2455
  • Fee Includes: Management, Pool, Tennis Courts, Walkways

Lot Info

  • Lot Description: Cul-de-sac, Wooded
  • Deed Book: 798
  • Unit/Lot Number: Lot 564

Tax Info

  • Year: 2016
  • Taxes: 480

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 13, 2019
Sold by
Homes By Eillu Llc
Bought by
Mclaughlin Geoffrey A and Mclaughlin Laurie
Total Days on Market
217
Current Estimated Value
$875,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,520
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 9, 2017
Closed on
Oct 25, 2017
Sold by
Robibaro Ralph and Robibaro Carol
Bought by
Homes By Eillu Llc
Seller's Agent
Heather McLay
Landmark Sotheby's International Realty
Buyer's Agent
Raju Uppalapati
Outer Banks Realty Group
List Price
$89,000
Sold Price
$60,000
Premium/Discount to List
-$29,000
-32.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.39%

Purchase Details

Closed on
Aug 12, 2004
Bought by
Robibaro Ralph and Robibaro Carol

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
Mclaughlin Geoffrey A $482,000 None Available
Homes By Eillu Llc $60,000 Attorney
Robibaro Ralph $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mclaughlin Geoffrey $386,000
Closed Mclaughlin Geoffrey A $385,520
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2017 10/25/17 Sold $60,000 -14.2% --
09/14/2017 09/14/17 Pending -- -- --
08/24/2017 08/24/17 Price Changed $69,900 -4.1% --
07/23/2017 07/23/17 Price Changed $72,900 -7.7% --
06/24/2017 06/24/17 Price Changed $79,000 -11.2% --
02/09/2017 02/09/17 For Sale $89,000 -- --
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 $3,995 $504,000 $70,000 $434,000
2023 $3,995 $504,000 $70,000 $434,000
2022 $3,006 $504,000 $70,000 $434,000
2021 $2,991 $443,200 $100,000 $343,200
2020 $2,695 $443,200 $100,000 $343,200
2019 $1,437 $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: 95144

Outer Banks Association of REALTORS®

APN: 115B-000-0564-0000