NOT LISTED FOR SALE

1287 Lost Lake Dr Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $836,287 - $927,000

0.28 Acre
$3,139,543 Price per Acre
12,197 Sq Ft Lot

Last Sold August 19, 2020

Last sale price $80,000

Est. 999% increase in value since last sale

Current estimated payment $5,114/month

1 Day on Market

Highlights

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

About This Lot

As of August 2020

This home is located at 1287 Lost Lake Dr, Corolla, NC 27927 since 13 June 2020 and is currently estimated at $879,072. 1287 Lost Lake Dr is a home located in Currituck County with nearby schools including Knotts Island Elementary School, Currituck County Middle School, and Currituck County High School.

Last Agent to Sell the Property

Ashley Massey

Landmark Sotheby's International Realty License #204018 Listed on: 06/13/2020

Landmark Sotheby's International Realty

Co-Listed By

Jessica Evans

Coastal Carolina Vacations License #274806

Last Buyer's Agent

Mark Massey

Outer Banks Realty Group License #188389

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $928

Lot Details

  • 0.28 Acre Lot
  • Home fronts a sound
  • Cul-De-Sac

HOA Fees

  • $118 Monthly HOA Fees

Additional Features

  • Views of a Sound
  • 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

  • Clubhouse

Recreation

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

Property Details

Property Type

Land

Est. Annual Taxes

$928

Lot Details

0

HOA Fees

$118 per month

Listing Details

  • Class: LOTS/LAND
  • Directions: Hwy 12 N to Villages at Ocean Hill, left on Lakeside Dr., rt. on Lost Lake Ln.,lot on Cul-de-Sac
  • Flood Zone: AE
  • Subdivision Name: The Villages at Ocean Hill Phase 5
  • L V T Date: 06/14/2020
  • Phase: 5
  • Roads: Public, Paved
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Soundfront
  • Zoning: Res
  • Timber: Timbered
  • 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: Sound, 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
  • 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, Cul-de-sac
  • Estimated Lot Size: 0.28
  • Unit/Lot Number: Lot 243

Tax Info

  • Year: 2019
  • Taxes: 927.5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2020
Closed on
Aug 19, 2020
Sold by
6 5 Defense Llc
Bought by
Cramer James J and Cramer Pamela F
Seller's Agent
Ashley Massey
Landmark Sotheby's International Realty
Buyer's Agent
Mark Massey
Outer Banks Realty Group
List Price
$99,900
Sold Price
$80,000
Premium/Discount to List
-$19,900
-19.92%
Current Estimated Value
$879,072

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$799,072
Avg. Annual Appreciation
60.14%

Purchase Details

Closed on
Oct 14, 2004
Bought by
6/5 Defense 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
Cramer James J $80,000 None Available
6/5 Defense Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cramer James J $175,006
Closed Cramer James J $100,000
Open Cramer James J $548,000
Closed Cramer James J $548,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2020 08/19/20 Sold $80,000 -19.9% --
06/14/2020 06/14/20 Pending -- -- --
06/13/2020 06/13/20 For Sale $99,900 -- --
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 $4,232 $537,800 $75,000 $462,800
2023 $4,232 $504,600 $75,000 $429,600
2022 $3,009 $504,600 $75,000 $429,600
2021 $804 $175,000 $175,000 $0
2020 $928 $175,000 $175,000 $0
2019 $928 $175,000 $175,000 $0
2018 $0 $175,000 $175,000 $0
2017 $840 $175,000 $175,000 $0
2016 $840 $175,000 $175,000 $0
2015 -- $175,000 $175,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Ashley Massey

    Seller's Agent in 2020

    Ashley Massey

    Landmark Sotheby's International Realty

    (252) 202-4874

    15 in this area

    56 Total Sales

    Ashley Massey
    Section Image

  • J

    Seller Co-Listing Agent in 2020

    Jessica Evans

    Coastal Carolina Vacations

    (252) 305-0629

    13 in this area

    54 Total Sales

    Jessica Evans
    Section Image
  • Mark Massey

    Buyer's Agent in 2020

    Mark Massey

    Outer Banks Realty Group

    (252) 202-4335

    23 in this area

    75 Total Sales

    Mark Massey
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 109698

Outer Banks Association of REALTORS®

APN: 114E-000-0243-0000

North Carolina Currituck County Corolla 27927 Corolla

1287 Lost Lake Dr, Corolla, NC

This home is located at 1287 Lost Lake Dr, Corolla, NC 27927 since 13 June 2020 and is currently estimated at $879,072. 1287 Lost Lake Dr is a home located in Currituck County with nearby schools including Knotts Island Elementary School, Currituck County Middle School, and Currituck County High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Outer Banks Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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