NOT LISTED FOR SALE

474 Land Fall Ct Corolla, NC 27927

Estimated Value: $1,280,942 - $1,831,000

5 Beds
4 Baths
3,300 Sq Ft
$447/Sq Ft Est. Value

Last Sold April 12, 2018

Last sale price $767,500 $233 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $8,409/month

163 Days on Market

Highlights

  • Community Beach Access
  • Tennis Courts
  • Rooftop Deck
  • Ocean Front
  • Outdoor Pool
  • 0.8 Acre Lot

About This Home

As of April 2018

Semi-Oceanfront cottage with solid rental income in Spindrift subdivision! Spectacular ocean views. Direct Beach Access. This large 5 bedroom home sits on an almost 1 acre lot and has a private pool and hot tub. Home is approximately 3,300 square feet and has large expansive decks. Sit in the hammock and enjoy the breeze while taking in the Ocean View. Top floor has a king bedroom with semi private bath, huge open living and dining area, upgraded kitchen and ships watch. Living area is spacious and has beautiful wood floors, gas fireplace, built-in shelves, surround sound and access to ocean view decks. Kitchen is recently upgraded and has beautiful cabinets, granite counters and stainless appliances. Mid floor has a foyer with wood floors, 3 bedrooms and 2 baths. Access to decks, hot tub and pool are all convenient. Ground Floor has a large recreation room with pool table and tv area with surround sound. There is also a bunk room and full bathroom on this level. This property is well maintained and has been a consistent renter for many years. Spindrift subdivision is a real plus offering privacy, gated entrance, huge lots giving owners and guests extra elbow room, easy beach access, community tennis and more. The location of this home is tremendous. Semi Oceanfront, all the way to the southern most point of Spindrift located in the cul-de-sac. Great property! Must see!

Last Agent to Sell the Property

Brad Beacham

Landmark Sotheby's Internation License #194377 Listed on: 09/09/2017

Landmark Sotheby's Internation

Last Buyer's Agent

Raju Uppalapati

Outer Banks Realty Group License #187530

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,234

Year Built

  • Built in 1996

Lot Details

  • 0.8 Acre Lot
  • Ocean Front
  • Property fronts a private road
  • Cul-De-Sac
  • Level Lot

HOA Fees

  • $42 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Cottage
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 3,300 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Living Room
  • Dining Room
  • Game Room
  • Utility Room
  • Ocean Views

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Tennis Courts
  • Rooftop Deck
  • Covered Deck
  • Patio
  • Exterior Lighting

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Fuel Tank
  • Private or Community Septic Tank

Listing and Financial Details

  • Tax Lot 17

Community Details

Overview

  • Spindrift Subdivision

Amenities

  • Common Area

Recreation

  • Community Boardwalk
  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,234

Year Built

Built in 1996

Lot Details

0.8 Acres

HOA Fees

$42 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal, Cottage
  • Directions: From HWY 12 take a right on Spindrift Trail then your second right to Land Fall Ct. The property is at the end of the cul-de-sac on the right hand side of the road.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Common Laundry Area, Covered Decks, Hot Tub, Outdoor Tennis, Outside Lighting, Outside Shower, Patio, Sun Deck, Roof Top Deck, Inside Laundry Room
  • Flood Zone: AE
  • Headline: Semi Oceanfront & Ocean Views
  • Heated Sq Ft: 3300
  • L V T Date: 09/09/2017
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: RES
  • Deed Book Pg Number: 545
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C7166
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 5
  • Bedroom 1: On Level: 3
  • Bedroom 2: On Level: 2
  • Bedroom 3: On Level: 2
  • Bedroom 4: On Level: 2
  • Bedroom 5: On Level: 1
  • Kitchen: On Level: 3
  • Floor Coverings: Carpet, Vinyl, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ensuite, Washer Connection
  • Dining Room: On Level: 3
  • Game Room: On Level: 1
  • Living Room: On Level: 3
  • Optional Rooms: Breakfast Nook, Utility Room

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Vinyl, Wood
  • Pool: Yes
  • Pool: Private
  • Pool Type: Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Heat Pump, Zoned
  • Fuel Tanks: Leased
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Condo/Co-op/Association

  • Association Amenities: Ocean Access, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 500

Lot Info

  • Estimated Lot Sq Ft: 35000
  • Lot Description: Cul-de-sac, Easement(s), Level
  • Lot Number: Lot 17
  • Estimated Lot Size: 0.80
  • Deed Book: 1117

Rental Info

  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Wave Watch
  • Rental Cottage Number: F200
  • Rental Phone Number: 252-457-1100
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 1996

Tax Info

  • Year: 2017
  • Taxes: 4234.48

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2017
Closed on
Apr 12, 2018
Sold by
Mason Frank J and Mason Frank A
Bought by
Paez Juan F and Cantos Victoria F
Seller's Agent
Brad Beacham
Landmark Sotheby's Internation
Buyer's Agent
Raju Uppalapati
Outer Banks Realty Group
List Price
$875,000
Sold Price
$767,500
Premium/Discount to List
-$107,500
-12.29%
Current Estimated Value
$1,476,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$708,986
Avg. Annual Appreciation
8.69%
Original Mortgage
$614,000
Outstanding Balance
$525,629
Interest Rate
4.43%
Mortgage Type
New Conventional
Estimated Equity
$950,857

Purchase Details

Closed on
Feb 16, 2010
Sold by
Mason Frank A and Mason Carol
Bought by
Mason Frank A
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
--
Adjusted for Inflation
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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
Paez Juan F $767,500 None Available
Mason Frank A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paez Juan F $614,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2018 04/12/18 Sold $767,500 -3.9% $233 / Sq Ft
02/19/2018 02/19/18 Pending -- -- --
01/02/2018 01/02/18 Price Changed $799,000 -8.7% $242 / Sq Ft
09/09/2017 09/09/17 For Sale $875,000 -- $265 / Sq Ft
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 $6,375 $819,500 $375,000 $444,500
2024 $6,375 $819,500 $375,000 $444,500
2023 $6,359 $819,500 $375,000 $444,500
2022 $4,729 $819,500 $375,000 $444,500
2021 $4,714 $812,000 $450,000 $362,000
2020 $4,670 $812,000 $450,000 $362,000
2019 $4,670 $812,000 $450,000 $362,000
2018 $4,670 $812,000 $450,000 $362,000
2017 $4,234 $812,000 $450,000 $362,000
2016 $4,234 $812,000 $450,000 $362,000
2015 $4,234 $812,000 $450,000 $362,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 97734

Outer Banks Association of REALTORS®

APN: 127A-000-0017-0000

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