NOT LISTED FOR SALE

1988 Ocean Pearl Rd Corolla, NC 27927

Carova Beach Neighborhood

Estimated Value: $170,773 - $525,000

0.34 Acre
$961,020 Price per Acre
14,985 Sq Ft Lot

Last Sold July 22, 2022

Last sale price $89,900

Est. 302% increase in value since last sale

Current estimated payment $2,018/month

1 Day on Market

About This Lot

As of July 2022

Stellar 6th row lot with great elevation in the X Flood Zone! Enjoy the remote wide beaches of North Swan Beach and the Wild Horses that roam the area. This lot has gorgeous live oak trees and backs up to a large low density tract for added privacy. Very easy beach access either through adjacent pedestrian easement all the way to the beach or by sand road. Future 2-story home should have ocean views and views the old Wash Woods Coast Guard Station, Tower and Boat House. Unbeatable location for privacy and convenience. Land was surveyed and perc test performed when originally purchased and those docs are on file.

Last Agent to Sell the Property

Jason Summerton

Twiddy and Company - Wash Woods License #231486 Listed on: 06/01/2022

Co-Listed By

Emily Morris

Twiddy and Company - Wash Woods License #304377

Last Buyer's Agent

Matt Preston

Twiddy and Company - Corolla License #288634

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $184

Lot Details

  • Unpaved Streets
  • Wooded Lot

HOA Fees

  • $4 Monthly HOA Fees

Property Views

  • Ocean Views

Utilities

  • Private Water Source
  • Well
  • Private or Community Septic Tank

Community Details

  • Jan Epstein Association
  • North Swan Bch Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$184

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Class: LOTS/LAND
  • Flood Zone: Cobra, Shaded X, X
  • Headline: X flood zone in N. Swan!
  • L V T Date: 06/01/2022
  • Roads: Unpaved
  • Sale/Rent: For Sale
  • Section: 3
  • Waterfront Location: 4 - lots from oceanfront (5th row)
  • Zoning: Res
  • Deed Book Pg Number: 482
  • 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

Utilities

  • Sewer/Septic System: Private Septic
  • Water: Private, Well
  • Electric: Available

Condo/Co-op/Association

  • Association Fee: Voluntary - Restrictive Covenants May Apply
  • Estimated Annual Fee: 50
  • Hoa Contact: Jan Epstein
  • HOA Contact: nsbpoa1@gmail.com

Lot Info

  • Lot Description: Wooded
  • Deed Book: 1157
  • Unit/Lot Number: Lot #147

Tax Info

  • Year: 2021
  • Taxes: 184

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2022
Closed on
Jul 7, 2022
Sold by
Schmidt Eric A and Schmidt Rebecca S
Bought by
Esth Llc
Seller's Agent
Jason Summerton
Twiddy and Company - Wash Woods
Buyer's Agent
Matt Preston
Twiddy and Company - Corolla
List Price
$89,900
Sold Price
$89,900
Current Estimated Value
$361,208

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$271,308
Avg. Annual Appreciation
52.83%

Purchase Details

Closed on
Mar 24, 2011
Sold by
Egnotovich Jonathan Mark and Egnotovich Kelly Ann
Bought by
Schmidt Eric A and Schmidt Rebecca S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
4.95%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Esth Llc $449,500 Evans & Meads Pllc
Schmidt Eric A $75,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schmidt Eric A $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2022 07/22/22 Sold $89,900 0.0% --
06/02/2022 06/02/22 Pending -- -- --
06/01/2022 06/01/22 For Sale $89,900 -- --
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 $554 $89,300 $40,000 $49,300
2023 $224 $40,000 $40,000 $0
2022 $184 $40,000 $40,000 $0
2021 $184 $44,500 $44,500 $0
2020 $214 $44,500 $44,500 $0
2019 $214 $44,500 $44,500 $0
2018 $0 $44,500 $44,500 $0
2017 $214 $44,500 $44,500 $0
2016 $214 $44,500 $44,500 $0
2015 $214 $44,500 $44,500 $0
Source: Public Records

Agents Affiliated with this Home

  • Jason Summerton

    Seller's Agent in 2022

    Jason Summerton

    Twiddy and Company - Wash Woods

    (252) 202-0105

    369 in this area

    410 Total Sales

    Section Image
  • Emily Morris

    Seller Co-Listing Agent in 2022

    Emily Morris

    Twiddy and Company - Wash Woods

    (703) 624-2737

    242 in this area

    261 Total Sales

    Section Image
  • Matt Preston

    Buyer's Agent in 2022

    Matt Preston

    Twiddy and Company - Corolla

    (252) 207-6143

    43 in this area

    162 Total Sales

    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 119095

Outer Banks Association of REALTORS®

APN: 099A-000-0147-0003

North Carolina Currituck County Corolla 27927 Carova Beach

1988 Ocean Pearl Rd, Corolla, NC

This home is located at 1988 Ocean Pearl Rd, Corolla, NC 27927 since 01 June 2022 and is currently estimated at $330,591. 1988 Ocean Pearl Rd 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.
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