NOT LISTED FOR SALE

479 Land Fall Ct Corolla, NC 27927

Estimated Value: $2,209,000 - $2,611,000

6 Beds
6.5 Baths
4,715 Sq Ft
$498/Sq Ft Est. Value

Last Sold July 17, 2020

Last sale price $1,365,000 $290 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $13,057/month

73 Days on Market

Highlights

  • Beach Front
  • Outdoor Pool
  • Dumbwaiter
  • Ocean View
  • Gated Community
  • Coastal Architecture

About This Home

As of July 2020

Embark on coastal elegance from this stunning oceanfront estate perched on an acre of natural habitat in the private gated community, Spindrift. The home's oceanfront pool, hot tub, open outside shower, private walkway, and dune top deck provide ample options for fun in the sun! The top floors open concept includes a ship's watch with surrounding ocean views, living area with wood burning fireplace & wet bar, half bath, gourmet kitchen with viking gas range, stainless steel appliances, granite countertops, & island seating, and a king master suite with private deck access. On the second level are five master suites with spacious oceanside decks and beautifully tiled private baths. The ground level includes a game room with a pool table and dumbwaiter lift accessible to all levels for conveniently getting groceries & luggage in & out. Enjoy a close proximity to all of Corolla's locally owned shops & restaurants from this centrally located community!

Last Agent to Sell the Property

Hunter Davis

Twiddy and Company - Corolla License #301647 Listed on: 03/23/2020

Co-Listed By

Martha Springer

Twiddy and Company - Corolla License #135162

Last Buyer's Agent

Matt Myatt

Keller Williams - Outer Banks License #218707

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,773

Year Built

  • Built in 1987

Lot Details

  • Beach Front
  • Property fronts a private road
  • Landscaped

HOA Fees

  • $79 Monthly HOA Fees

Parking

  • Tuck Under Parking

Home Design

  • Coastal Architecture
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 4,715 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Entrance Foyer
  • Game Room
  • Ocean Views

Kitchen

  • Dumbwaiter
  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom
  • Cedar Closet
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

  • Heat Pump System
  • Well
  • Private or Community Septic Tank

Listing and Financial Details

  • Tax Lot #14

Community Details

Overview

  • Chris Lakenan Association, Phone Number (410) 465-6888
  • Spindrift Subdivision

Recreation

  • Community Boardwalk
  • Tennis Courts

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,773

Year Built

Built in 1987

Lot Details

0.91 Acres

HOA Fees

$79 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Directions: Head North on Rt 12, East onto Spindrift Trail, and East on Land Fall Court. Home is on your left.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Common Laundry Area, Covered Decks, Hot Tub, Landscaped, Outside Lighting, Outside Shower, Sun Deck, Dumbwaiter/Lift, Inside Laundry Room
  • Flood Zone: X
  • Headline: Views! Acre of Oceanfront!
  • Heated Sq Ft: 4715
  • L V T Date: 03/23/2020
  • Roads: Private
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 159
  • 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: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 6
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Cedar Closet(s), Dryer Connection, Ensuite, Walk in Closet, Washer Connection, Wet Bar, Wood Fireplace
  • Optional Rooms: Foyer, Game Room, Shipswatch
  • Partial Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: Carport
  • Parking: Under

Utilities

  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Sewer/Septic System: Private Septic
  • Water: Well

Condo/Co-op/Association

  • Association Amenities: Gated Community, Outdoor-Comm. Tennis
  • Association Fee: Yes
  • Estimated Annual Fee: 950
  • Hoa Contact: Chris Lakenan
  • HOA Contact: 410-465-6888

Lot Info

  • Lot Description: Beach Frontage, Water Frontage
  • Lot Size: Lot#14
  • Lot Number: Lot#14
  • Deed Book: 1096

Rental Info

  • Est Annual Rental Income: 157735
  • Estimated Rental Performance: 0.1156
  • Lease Terms: Weekly
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: The Breakers I
  • Rental Cottage Number: F103
  • Rental Phone Number: 252-457-1100
  • Rental Turnover Day: Sunday
  • Rental Contact Email: jkavanaugh@twiddy.com
  • Rental Contact Name: Jen Kavanaugh
  • Rental Contact Phone: 252-457-1169

Building Info

  • Year Built: 1987

Tax Info

  • Year: 2019
  • Taxes: 7773.19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2020
Closed on
Jun 29, 2020
Sold by
Harrison Frank S and Harrison Josephine V
Bought by
Steinhilber Timothy D and Steinhilber Lisa
Seller's Agent
Hunter Davis
Twiddy and Company - Corolla
Buyer's Agent
Matt Myatt
Keller Williams - Outer Banks
List Price
$1,595,000
Sold Price
$1,365,000
Premium/Discount to List
-$230,000
-14.42%
Current Estimated Value
$2,349,488

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$984,488
Avg. Annual Appreciation
10.13%
Original Mortgage
$1,092,000
Outstanding Balance
$952,559
Interest Rate
2.62%
Mortgage Type
New Conventional
Estimated Equity
$1,396,929

Purchase Details

Closed on
Jun 23, 2009
Sold by
Harrison Frank S and Harrison Josephine V
Bought by
Colo Michael S and Colo Mary Alice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
5.27%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 31, 2007
Sold by
Evans Rowland C
Bought by
Evans Linda S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
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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
Steinhilber Timothy D $1,365,000 None Available
Colo Michael S $175,000 None Available
Evans Linda S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Steinhilber Timothy D $1,092,000
Previous Owner Colo Michael S $255,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2020 07/17/20 Sold $1,365,000 -14.4% $290 / Sq Ft
06/04/2020 06/04/20 Pending -- -- --
03/23/2020 03/23/20 For Sale $1,595,000 -- $338 / 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 $10,936 $1,467,400 $950,000 $517,400
2024 $10,936 $1,467,400 $950,000 $517,400
2023 $10,920 $1,440,000 $950,000 $490,000
2022 $7,905 $1,440,000 $950,000 $490,000
2021 $7,545 $1,395,900 $1,000,000 $395,900
2020 $7,773 $1,395,900 $1,000,000 $395,900
2019 $7,773 $1,395,900 $1,000,000 $395,900
2018 $7,773 $1,395,900 $1,000,000 $395,900
2017 $7,145 $1,395,900 $1,000,000 $395,900
2016 $7,045 $1,395,900 $1,000,000 $395,900
2015 $7,045 $1,395,900 $1,000,000 $395,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 108851

Outer Banks Association of REALTORS®

APN: 127A-000-0014-0000

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