NOT LISTED FOR SALE

1278 Lost Lake Ln Corolla, NC 27927

Estimated Value: $482,073 - $1,057,000

0.32 Acres
$2,314,119 Price per Acre
13,939 Sq Ft Lot

Last Sold August 27, 2020

Last sale price $61,250

Est. 1,109% increase in value since last sale

Current estimated payment $4,125/month

9 Days on Market

Highlights

  • Community Beach Access
  • Health Club
  • Corner Lot
  • Lake Front
  • Clubhouse
  • Community Pool

About This Lot

As of August 2020

Build your dream home at The Villages at Ocean Hill, an Ocean to Sound Community with a great amenity package: OCEANFRONT POOL COMPLEX(Oceanfront pool, Sharky's Snack Bar, restrooms, chair/umbrella rental & parking), Lakeside Pool & Recreational Complex(FULLY EQUIPPED FITNESS CENTER, outdoor pool, tennis, basketball, volleyball, shuffleboard) and Pedestrian Paths & Walkways to 7 community Beach Accesses. This lot is in a newly developed section of VofOH, nestled b/t the Sound, Community Lake and the Currituck Banks National Estuarine. Have it all….privacy, nature, water view & an amenity package 2nd to none! Also, very close by are some of our visitors favorites: Currituck Beach Lighthouse, Historic Corolla Village, 4WD Beaches of Carova, Currituck Club Golf Course, Whalehead Club....multi-use path to all!!

Last Agent to Sell the Property

Ashley Massey

Landmark Sotheby's Internation License #204018 Listed on: 06/28/2020

Landmark Sotheby's Internation

Co-Listed By

Jessica Evans

Coastal Carolina Vacations License #274806

Last Buyer's Agent

Melanie Day

Landmark Sotheby's Internation License #219374

Landmark Sotheby's Internation

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $662

Lot Details

  • 0.32 Acre Lot
  • Lake Front
  • Corner Lot
  • Level Lot
  • Cleared Lot

HOA Fees

  • $118 Monthly HOA Fees

Additional Features

  • Lake Views
  • Timber
  • Municipal Utilities District for Water and Sewer

Community Details

Overview

  • Association fees include common electric, common insurance, management, pool, tennis courts, walkways
  • Bryan Smith Association, Phone Number (252) 453-0162
  • Villages At Ocean Hill Subdivision

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Health Club
  • Tennis Courts
  • Community Pool

Property Details

Property Type

Land

Est. Annual Taxes

$662

Lot Details

0.32 Acres

HOA Fees

$118 per month

Listing Details

  • Class: LOTS/LAND
  • Flood Zone: AE
  • Subdivision Name: The Villages at Ocean Hill Phase 5
  • Headline: Lakefront Lot!
  • L V T Date: 06/28/2020
  • Phase: 5
  • Roads: Public, Paved
  • Sale/Rent: For Sale
  • Waterfront Location: Lakefront
  • Zoning: Res
  • Timber: Scattered
  • Deed Book Pg Number: 1
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C26996
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Lake/River, Salt Marsh

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Clubhouse, Health Club, Ocean Access, Outdoor-Comm. Tennis, Outdoor-Comm. Pool, Boardwalk to Beach, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 1421
  • Hoa Contact: Bryan Smith
  • HOA Contact: (252)453-0162
  • Fee Includes: Common Electric, Common Insurance, Management, Pool, Tennis Courts, Walkways

Lot Info

  • Lot Description: Adj to Park Serv./Preserv, Corner, Level, Water Frontage, Cleared
  • Lot Size: 11,048 sf
  • Estimated Lot Size: 0.32
  • Deed Book: 813
  • Unit/Lot Number: Lot 257

Tax Info

  • Year: 2019
  • Taxes: 662.5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 10, 2022
Sold by
Finch and Georgia
Bought by
Schauer Jacqueline
Current Estimated Value
$740,518

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Outstanding Balance
$265,105
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$475,413

Purchase Details

Listed on
Jun 28, 2020
Closed on
Aug 24, 2020
Sold by
6 5 Defense Llc
Bought by
Finch Olin
Seller's Agent
Ashley Massey
Landmark Sotheby's Internation
Buyer's Agent
Melanie Day
Landmark Sotheby's Internation
List Price
$75,000
Sold Price
$61,250
Premium/Discount to List
-$13,750
-18.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
57.20%

Purchase Details

Closed on
Oct 14, 2004
Bought by
6/5 Defense Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Schauer Jacqueline $1,500,000 None Listed On Document
Finch Olin $61,500 None Available
6/5 Defense Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schauer Jacqueline $285,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2020 08/27/20 Sold $61,250 -18.3% --
07/07/2020 07/07/20 Pending -- -- --
06/28/2020 06/28/20 For Sale $75,000 -- --
Source: Outer Banks Association of REALTORS®

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
2025 $2,449 $280,800 $85,000 $195,800
2024 $2,449 $280,800 $85,000 $195,800
2023 $2,433 $280,800 $85,000 $195,800
2022 $1,868 $280,800 $85,000 $195,800
2021 $855 $125,000 $125,000 $0
2020 $600 $125,000 $125,000 $0
2019 $663 $125,000 $125,000 $0
2018 $0 $125,000 $125,000 $0
2017 $600 $125,000 $125,000 $0
2016 $600 $125,000 $125,000 $0
2015 -- $125,000 $125,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 109888

Outer Banks Association of REALTORS®

APN: 114E-000-0257-0000

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