NOT LISTED FOR SALE

Estimated Value: $1,328,000 - $2,076,000

0.51 Acre
$3,353,445 Price per Acre
22,216 Sq Ft Lot

Last Sold November 07, 2022

Last sale price $850,000

Est. 116% increase in value since last sale

Current estimated payment $10,780/month

27 Days on Market

Highlights

  • Community Beach Access
  • Corner Lot
  • Cul-De-Sac
  • Ocean Front

About This Lot

As of November 2022

Location! Location! Location! Rare opportunity to build the home of your absolute dreams on this spacious corner parcel situated in the heart of the Ocean Hill community of Corolla. Views of the Atlantic are yours to enjoy from a future build on this 22,000 square foot lot offering direct access to the beautiful beaches of Corolla just across the street. Enjoy the convenience of local shops & restaurants, the Historic Corolla Village, and Currituck Beach Lighthouse just a short walk or bike ride away!

Last Agent to Sell the Property

Hunter Davis

Twiddy and Company - Corolla License #301647 Listed on: 07/24/2022

Co-Listed By

Martha Springer

Twiddy and Company - Corolla License #135162

Last Buyer's Agent

Hunter Davis

Twiddy and Company - Corolla License #301647 Listed on: 07/24/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,356

Lot Details

  • 0.51 Acre Lot
  • Ocean Front
  • Property fronts a private road
  • Cul-De-Sac
  • Corner Lot
  • Level Lot

HOA Fees

  • $29 Monthly HOA Fees

Property Views

  • Ocean Views

Community Details

Overview

  • Association fees include road maintenance
  • Ocean Hill HOA
  • Ocean Hill Subdivision

Recreation

  • Community Beach Access

Property Details

Property Type

Land

Est. Annual Taxes

$2,356

Lot Details

0

HOA Fees

$29 per month

Listing Details

  • Class: LOTS/LAND
  • Flood Zone: X
  • Headline: Ocean Views!
  • L V T Date: 07/24/2022
  • Roads: Private, Paved
  • Sale/Rent: For Sale
  • Section: 1
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: Res
  • Deed Book Pg Number: 886
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C4556
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Ocean

Condo/Co-op/Association

  • Association Amenities: Ocean Access
  • Association Fee: Yes
  • Estimated Annual Fee: 344
  • Hoa Contact: Ocean Hill HOA
  • HOA Contact: oceanhill@vrobx.com
  • Fee Includes: Road Maintenance

Lot Info

  • Estimated Lot Sq Ft: 22000
  • Lot Description: Corner, Cul-de-sac, Level
  • Estimated Lot Size: 0.51
  • Deed Book: 1534
  • Unit/Lot Number: Lot #61

Tax Info

  • Year: 2021
  • Taxes: 2356.2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2020
Closed on
May 11, 2020
Sold by
Odonoghue Nancy G and King David
Bought by
Miller Gary S and Miller Patricia A
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Matt Myatt
Keller Williams - Outer Banks
List Price
$549,000
Sold Price
$535,000
Premium/Discount to List
-$14,000
-2.55%
Current Estimated Value
$1,832,628

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,297,628
Avg. Annual Appreciation
24.67%

Purchase Details

Closed on
May 13, 1994
Bought by
Donoghue O Donoghue J and Donoghue Nancy G O
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
Miller Gary S $535,000 None Available
Donoghue O Donoghue J $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Klein Irvin E $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/07/2022 11/07/22 Sold $850,000 -15.0% --
08/20/2022 08/20/22 Pending -- -- --
07/24/2022 07/24/22 For Sale $1,000,000 +86.9% --
05/11/2020 05/11/20 Sold $535,000 -2.6% --
03/14/2020 03/14/20 Pending -- -- --
03/08/2020 03/08/20 For Sale $549,000 -- --
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 $9,188 $1,245,800 $462,000 $783,800
2023 $9,188 $462,000 $462,000 $0
2022 $2,356 $462,000 $462,000 $0
2021 $2,356 $420,000 $420,000 $0
2020 $2,226 $420,000 $420,000 $0
2019 $2,226 $420,000 $420,000 $0
2018 $0 $420,000 $420,000 $0
2017 $2,016 $420,000 $420,000 $0
2016 $2,016 $420,000 $420,000 $0
2015 $2,016 $420,000 $420,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 119822

Outer Banks Association of REALTORS®

APN: 114C-000-0061-0001