NOT LISTED FOR SALE

2131 Petrel Rd Corolla, NC 27927

Estimated Value: $144,000 - $603,000

0.38 Acre
$728,213 Price per Acre
16,553 Sq Ft Lot

Last Sold March 04, 2015

Last sale price $85,000

Est. 226% increase in value since last sale

Current estimated payment $1,493/month

157 Days on Market

Highlights

  • 200 Feet of Waterfront
  • Canal View
  • Level Lot
  • Boat Dock
  • Cul-De-Sac

About This Lot

As of March 2015

Outstanding South-Facing lot at the end of dead end street with 200ft on the canal and over-sized above 19,000 sq ft. Excellent opportunity to be on the canal in Carova and still be close to the ocean! One of the best canal for easy sound access in all of Carova. Nice level lot ready to go! SELLER FINANCING AVAILABLE at great terms.

Last Agent to Sell the Property

Jason Summerton

Twiddy and Company - Wash Woods License #231486 Listed on: 08/19/2014

Last Buyer's Agent

Jason Summerton

Twiddy and Company - Wash Woods License #231486 Listed on: 08/19/2014

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $374

Lot Details

  • 200 Feet of Waterfront
  • Home fronts a canal
  • Cul-De-Sac
  • Level Lot
  • Unpaved Streets

Property Views

  • Canal Views

Utilities

  • Private Water Source
  • Well
  • Private Sewer

Community Details

Overview

  • Carova Beach Subdivision

Recreation

  • Boat Dock

Property Details

Property Type

Land

Est. Annual Taxes

$374

Lot Details

0

Listing Details

  • Class: LOTS/LAND
  • Directions: South on Ocean Pearl from Firestation. R on Mallard, L on Petrel to end
  • Flood Zone: AE, Cobra
  • Headline: 200' water frontage!
  • Roads: Unpaved
  • Sale/Rent: For Sale
  • Section: 7
  • Waterfront Location: Canalfront
  • Zoning: Res
  • Deed Book Pg Number: 14
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Canal
  • Water Frontage: 200

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Boat Ramp

Lot Info

  • Lot Description: Cul-de-sac, Level, Water Frontage
  • Deed Book: 1273
  • Unit/Lot Number: Lot# 49

Tax Info

  • Year: 2014
  • Taxes: 374

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 3, 2019
Sold by
Smith Molly K
Bought by
The Molly K Smith Revocable Trust
Current Estimated Value
$276,721

Purchase Details

Listed on
Aug 19, 2014
Closed on
Feb 19, 2015
Sold by
Carova Beach Llc
Bought by
Smith Molly K
Seller's Agent
Jason Summerton
Twiddy and Company - Wash Woods
Buyer's Agent
Jason Summerton
Twiddy and Company - Wash Woods
List Price
$99,500
Sold Price
$85,000
Premium/Discount to List
-$14,500
-14.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.50%

Purchase Details

Listed on
Aug 30, 2013
Closed on
Nov 5, 2013
Sold by
Northeastern North Carolina Properties L
Bought by
Carova Beach Llc
Seller's Agent
Jason Summerton
Twiddy and Company - Wash Woods
Buyer's Agent
Jason Summerton
Twiddy and Company - Wash Woods
List Price
$87,500
Sold Price
$77,000
Premium/Discount to List
-$10,500
-12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.90%

Purchase Details

Closed on
Aug 30, 2013
Sold by
Setzer Richard W and Setzer Lola C
Bought by
Northeastern North Carolina Properties L

Purchase Details

Closed on
Apr 4, 2008
Sold by
Devine Kevin M and Devine Amy L
Bought by
Setzer Richard W and Setzer Lola C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
The Molly K Smith Revocable Trust -- None Available
Smith Molly K $85,000 None Available
Carova Beach Llc $77,000 None Available
Northeastern North Carolina Properties L $70,300 None Available
Setzer Richard W $125,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Setzer Richard W $112,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/04/2015 03/04/15 Sold $85,000 -14.6% --
01/23/2015 01/23/15 Pending -- -- --
08/19/2014 08/19/14 For Sale $99,500 +29.2% --
11/14/2013 11/14/13 Sold $77,000 -12.0% -- View Prior Sale
10/16/2013 10/16/13 Pending -- -- --
08/30/2013 08/30/13 For Sale $87,500 -- --
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
2025 $563 $88,000 $88,000 $0
2024 $563 $88,000 $88,000 $0
2023 $510 $88,000 $88,000 $0
2022 $422 $88,000 $88,000 $0
2021 $414 $77,900 $77,900 $0
2020 $382 $77,900 $77,900 $0
2019 $382 $77,900 $77,900 $0
2018 $374 $77,900 $77,900 $0
2017 $374 $77,900 $77,900 $0
2016 $374 $77,900 $77,900 $0
2015 $374 $77,900 $77,900 $0
Source: Public Records

Agents Affiliated with this Home

  • Jason Summerton

    Seller's Agent in 2015

    Jason Summerton

    Twiddy and Company - Wash Woods

    (252) 202-0105

    341 in this area

    377 Total Sales

    Jason Summerton
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 84933

Outer Banks Association of REALTORS®

APN: 087A-000-0049-0007

North Carolina Currituck County Corolla 27927

2131 Petrel Rd, Corolla, NC

Not Listed for Sale

Lots

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