NOT LISTED FOR SALE

500 Seashell Ln Corolla, NC 27927

Estimated Value: $1,746,000 - $2,424,000

5 Beds
7 Baths
3,602 Sq Ft
$604/Sq Ft Est. Value

Last Sold March 10, 2023

Last sale price $2,200,000 $611 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $12,417/month

190 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Craftsman Architecture
  • Community Beach Access
  • In Ground Pool
  • Cathedral Ceiling

About This Home

As of March 2023

Renters love this nicely maintained 5BR oceanfront house on a 100 ft wide homesite with private pool and elevator, there is elbow room between the houses. This was a one story house that was taken down to the studs in 2012 and the addition was done in 2013 by Seagrove Homes, the bottom floor was converted into a game room and 4 ensuite bedrooms and the new top floor include an ensuite BR and spacious great room providing views of the waves breaking on a wide uncrowded beach from this nice high homesite. Metal roof and vinyl shake siding and trex decking around the pool for low exterior maintenance. Open Floor plan on both floors, very spacious compared to most 5 BR homes.

Last Agent to Sell the Property

William Hogan

Twiddy and Co. - Duck License #103949 Listed on: 07/19/2022

Last Buyer's Agent

Barry Breit

Carolina Designs Realty License #187143

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,255

Year Built

  • Built in 1984

Lot Details

  • Beach Front
  • Level Lot

HOA Fees

  • $10 Monthly HOA Fees

Home Design

  • Craftsman Architecture
  • Coastal Architecture
  • Contemporary Architecture
  • Reverse Style Home
  • Frame Construction
  • Metal Roof
  • Shake Siding
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 3,602 Sq Ft Home
  • Elevator
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Game Room
  • Screened Porch
  • Ocean Views

Kitchen

  • Oven or Range
  • Built-In Range
  • Microwave
  • Ice Maker
  • Second Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Tuck Under Parking
  • Paved Parking
  • Off-Street Parking

Pool

  • In Ground Pool
  • Gunite Pool
  • Outdoor Pool
  • Spa

Outdoor Features

  • Sun Deck
  • Covered Deck

Utilities

  • Heat Pump System
  • Municipal Utilities District Water
  • Fuel Tank
  • Private or Community Septic Tank

Listing and Financial Details

  • Tax Lot 96

Community Details

Overview

  • Association fees include walkways
  • Osspoa.Org Association
  • Built by Seagrove Homes
  • Ocean Sands Subdivision

Recreation

  • Community Boardwalk
  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,255

Year Built

Built in 1984

Lot Details

0

HOA Fees

$10 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Craftsman, Coastal
  • Directions: Enter section B in Ocean Sands, go straight to the ocean, house is just south of the beach access
  • Extras: Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Elevator, Hot Tub, Screened Porch, Sun Deck, Inside Laundry Room
  • Flood Zone: X
  • Headline: Oceanfront comfort and fun
  • Heated Sq Ft: 3602
  • L V T Date: 07/19/2022
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: B
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Advertised Income 2021: 80149
  • Advertised Income 2022: 71402
  • Deed Book Pg Number: 708
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Ocean Sands
  • 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: Countertop Range, Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher
  • Bedrooms: 5
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Luxury Vinyl Plank
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Washer Connection
  • Optional Rooms: Game Room
  • Partial Bathrooms: 2

Exterior Features

  • Homebuilder: Seagrove Homes
  • Construction: Frame
  • Exterior: Shakes, Vinyl
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Gunite, Private Pool
  • Roof: Metal
  • View: Ocean

Garage/Parking

  • Parking: Paved, Off Street, Under

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Walkways
  • Association Amenities: Ocean Access, Board Walk
  • Association Fee: Voluntary - Restrictive Covenants May Apply
  • Estimated Annual Fee: 125
  • Hoa Contact: OSSPOA.org
  • HOA Contact: Kimberly Galub

Lot Info

  • Lot Description: Beach Frontage, Level, Water Frontage
  • Lot Number: Lot 96
  • Deed Book: 1147

Rental Info

  • Est Annual Rental Income: 177786
  • Estimated Rental Performance: 0.0808
  • Lease Terms: Weekly
  • Rental Co: Southern Shores Realty
  • Rental Cottage Name: High Hopes
  • Rental Cottage Number: 1002
  • Rental Turnover Day: Sunday
  • Rental Contact Email: CHass@southernshores.com
  • Rental Contact Phone: 252 261 2000 ext 312

Building Info

  • Year Built: 1984

Tax Info

  • Year: 2022
  • Taxes: 7255

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2022
Closed on
Mar 7, 2023
Sold by
Ehritz William J and Ehritz Susan E
Bought by
Tesch Jeffrey Charles and Tesch Karen Jean
Seller's Agent
William Hogan
Twiddy and Co. - Duck
Buyer's Agent
Barry Breit
Carolina Designs Realty
List Price
$2,400,000
Sold Price
$2,200,000
Premium/Discount to List
-$200,000
-8.33%
Views
5
Current Estimated Value
$2,174,574

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25,426
Avg. Annual Appreciation
-0.41%
Original Mortgage
$500,000
Outstanding Balance
$483,169
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$1,691,405

Purchase Details

Closed on
Oct 4, 2022
Sold by
Decandia Home Investments Llc
Bought by
Ehritz William J and Ehritz Susan E

Purchase Details

Closed on
Dec 17, 2010
Sold by
Lent Linda K
Bought by
Ehritz William J and Ehritz Susan E

Purchase Details

Closed on
Oct 21, 2005
Sold by
Lent Linda K and Lawrence Michael F
Bought by
Lent Linda K
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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
Tesch Jeffrey Charles $13,200,000 None Listed On Document
Tesch Jeffrey Charles $13,200,000 None Listed On Document
Ehritz William J $7,000,000 --
Ehritz William J $7,000,000 --
Ehritz William J $985,000 None Available
Ehritz William J $985,000 None Available
Lent Linda K -- None Available
Lent Linda K -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tesch Jeffrey Charles $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/10/2023 03/10/23 Sold $2,200,000 -4.3% $611 / Sq Ft
01/25/2023 01/25/23 Pending -- -- --
08/30/2022 08/30/22 Price Changed $2,300,000 -4.2% $639 / Sq Ft
07/19/2022 07/19/22 For Sale $2,400,000 +1555.2% $666 / Sq Ft
09/28/2017 09/28/17 Sold $145,000 -9.1% -- View Prior Sale
08/17/2017 08/17/17 Pending -- -- --
08/11/2017 08/11/17 For Sale $159,500 +10.0% --
08/11/2017 08/11/17 Off Market $145,000 -- --
06/02/2016 06/02/16 For Sale $188,000 -- --
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 $12,165 $1,629,800 $850,000 $779,800
2024 $12,165 $1,328,800 $850,000 $478,800
2023 $9,953 $1,328,800 $850,000 $478,800
2022 $7,256 $1,328,800 $850,000 $478,800
2021 $7,243 $1,236,800 $833,000 $403,800
2020 $6,868 $1,236,800 $833,000 $403,800
2019 $6,866 $1,236,800 $833,000 $403,800
2018 $6,870 $1,236,800 $833,000 $403,800
2017 $6,231 $1,236,800 $833,000 $403,800
2016 $6,231 $1,236,800 $833,000 $403,800
2015 $6,226 $1,236,800 $833,000 $403,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 119753

Outer Banks Association of REALTORS®

APN: 126A-000-0096-000B