NOT LISTED FOR SALE

406 Shark Ln Corolla, NC 27927

Estimated Value: $107,000 - $404,000

0.51 Acre
$402,833 Price per Acre
22,216 Sq Ft Lot

Last Sold December 16, 2020

Last sale price $75,000

Est. 206% increase in value since last sale

Current estimated payment $1,232/month

61 Days on Market

About This Lot

As of December 2020

Beautiful Canal lot sitting on Beach access road. Easy beach access, boat slip, and views, views, views. Lot has been filled and bulkheaded. LOMA in hand.

Last Agent to Sell the Property

Julie Rozella

Corolla Beach Realty License #239808 Listed on: 09/16/2020

Last Buyer's Agent

Julie Rozella

Corolla Beach Realty License #239808 Listed on: 09/16/2020

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $495

Lot Details

  • 0.51 Acre Lot
  • Home fronts a canal
  • Level Lot
  • Unpaved Streets
  • Cleared Lot

Property Views

  • Canal Views

Utilities

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

Community Details

  • Carova Beach Subdivision

Listing and Financial Details

  • Tax Block 4A

Property Details

Property Type

Land

Est. Annual Taxes

$495

Lot Details

0

Listing Details

  • Class: LOTS/LAND
  • Flood Zone: X
  • Subdivision Name: Carova Beach 87A
  • Headline: Ocean Views, and Boat slip
  • L V T Date: 09/16/2020
  • Roads: Unpaved
  • Sale/Rent: For Sale
  • Section: 5
  • Waterfront Location: Canalfront
  • Zoning: Res
  • Deed Book Pg Number: 43
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C18834
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Canal

Utilities

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

Lot Info

  • Estimated Lot Sq Ft: 22075
  • Lot Description: Bulkheaded, Level, Water Frontage, Cleared
  • Estimated Lot Size: 0.51
  • Deed Book: 919
  • Unit/Lot Number: Lot 7

Tax Info

  • Year: 2020
  • Taxes: 495

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 13, 2025
Sold by
James John L
Bought by
John L James Declaration Of Trust and James
Current Estimated Value
$229,636

Purchase Details

Listed on
Sep 16, 2020
Closed on
Dec 8, 2020
Sold by
Safford Shawn David and Safford Kristine Marie
Bought by
James John L and James Lorraine P
Seller's Agent
Julie Rozella
Corolla Beach Realty
Buyer's Agent
Julie Rozella
Corolla Beach Realty
List Price
$129,000
Sold Price
$75,000
Premium/Discount to List
-$54,000
-41.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.85%

Purchase Details

Closed on
Dec 7, 2005
Sold by
Crawford James A and Beroski Carol
Bought by
Safford Shawn David and Safford Kristine Maie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
6.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
John L James Declaration Of Trust -- None Listed On Document
James John L -- None Listed On Document
James John L $75,000 None Available
Safford Shawn David $310,000 None Available
Crawford James A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Crawford James A $243,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2020 12/16/20 Sold $75,000 -31.2% --
11/16/2020 11/16/20 Pending -- -- --
11/16/2020 11/16/20 Price Changed $109,000 -8.4% --
10/09/2020 10/09/20 Price Changed $119,000 -7.8% --
09/16/2020 09/16/20 For Sale $129,000 -- --
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
2025 $515 $80,400 $74,800 $5,600
2024 $515 $80,400 $74,800 $5,600
2023 $515 $80,400 $74,800 $5,600
2022 $386 $80,400 $74,800 $5,600
2021 $378 $101,100 $97,400 $3,700
2020 $495 $101,100 $97,400 $3,700
2019 $495 $101,100 $97,400 $3,700
2018 $485 $101,100 $97,400 $3,700
2017 $485 $101,100 $97,400 $3,700
2016 $485 $101,100 $97,400 $3,700
2015 -- $101,100 $97,400 $3,700
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Julie Rozella

    Corolla Beach Realty

    (252) 619-8109

    19 in this area

    20 Total Sales

    Julie Rozella
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 111048

Outer Banks Association of REALTORS®

APN: 087A-04A-0007-0005

North Carolina Currituck County Corolla 27927

406 Shark Ln, Corolla, NC

Not Listed for Sale

Lots

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