NOT LISTED FOR SALE

507 Seashell Ln Corolla, NC 27927

Estimated Value: $1,652,021 - $2,268,000

8 Beds
8.5 Baths
4,700 Sq Ft
$406/Sq Ft Est. Value

Last Sold August 08, 2018

Last sale price $1,087,500 $231 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $10,800/month

63 Days on Market

Highlights

  • Ocean View
  • Outdoor Pool
  • Coastal Architecture
  • Beach Access
  • Second Refrigerator
  • Cathedral Ceiling

About This Home

As of August 2018

Wow, an exceptionally Beautiful Design that is exciting for Family Fun ! Awesome Great Room, Dining & Kitchen Areas, provide Huge Gathering Arenas with Grand Picture Windows to capture Ocean Views ! With Eight spacious Bedrooms & Eight Baths; a Shipswatch, Elevator, Rec Room, Private Pool & Hot Tub, Sky Deck and only seconds to the Beach Access, all of which makes for an amazing Beach Vacation. Master Bedrooms have Bathrooms w Custom Tiled Showers & Jet Tubs. A Dream Kitchen with Six Burner Gas Stove, Two Dishwashers, etc. New in 2017: Fridge, 2 Dishwashers, stand alone Icemaker! On a quiet Courtside Setting and so close to the Beach, this Beach Home is in a Community with Large Lots, so this Beach Home is MUCH closer to the beach access than most Semi-Oceanfronts, plus without a two lane street to cross! It is seconds to the Beach Access at only 170 feet ! The "Big Sea" Lower Level Rec Room has Foosball, Ping Pong, Billiards, Wet Bar with Ice Maker, Full Size Fridge, Flat Screen and all very convenient to Pool & Elevator. The Large 14 x 33 Private Swimming Pool may be heated for a weekly fee and is strategically positioned for maximum Sunshine. The Top Level main Living Area has Flat Screen, Ocean Views, Elevator, Gas Fireplace, surround sound, multiple electronics, Breakfast Bar, Large glorious Dining Table for 12. Convenience of Two Sets of Full Size Washer & Dryer, one on Mid Level and another on the Rec Room Level. Enjoy ample Decking with access to the Sky Deck for more Ocean Views and Night Sky Views of the Stars & Moon. The "Big Sea" is special with Lots of Decking using low maintenance PVC Railings and Synthetic Trex-like Decking. No mandatory Association Fees; Street Maintenance by NCDOT; and FEMA X Zone for low premium & optional FEMA Insurance. The Big Sea is a Beauty !

Last Agent to Sell the Property

Paul Sabadash

Sun Realty - Corolla License #119788 Listed on: 05/07/2018

Last Buyer's Agent

Bucky Harrison

Beach Realty & Construction License #236016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,723

Year Built

  • Built in 2005

Lot Details

  • 0.46

HOA Fees

  • $13 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 4,700 Sq Ft Home
  • Elevator
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Game Room
  • Ocean Views

Kitchen

  • Built-In Oven
  • Built-In Range
  • Microwave
  • Second Refrigerator
  • Second Dishwasher
  • Solid Surface Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • En-Suite Primary Bedroom
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry Room
  • Dryer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

  • Outdoor Pool
  • Vinyl Pool

Utilities

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

Additional Features

  • Beach Access
  • Cul-De-Sac

Community Details

  • Built by Shoreline Construction
  • Ocean Sands Subdivision

Listing and Financial Details

  • Tax Lot # 100

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,723

Year Built

Built in 2005

Lot Details

0

HOA Fees

$13 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Ocean Sands Turn into Section B onto Seashell Lane. Straight to Oceanfront Courtside Setting : On Left / North Side of Seashell Lane : Gray Home 507 Seashell Lane as Shoreline Rental OSB-1 "Big Sea".
  • Extras: Beach Access, Ceiling Fan(s), Elevator, Jet Tub, Inside Laundry Room
  • Flood Zone: X
  • Subdivision Name: Ocean Sands South ( Large 20,000 Sq Ft Lots )
  • Headline: Great Design to Beach Access !
  • Heated Sq Ft: 4700
  • L V T Date: 05/07/2018
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: B
  • Waterfront Location: 2 - lots from oceanfront (3rd row
  • Zoning: RES
  • Deed Book Pg Number: 0447
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Ocean Sands
  • Newpoint Media: Yes
  • Office License Number: C3211
  • 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, Ice Machine, Microwave, Range/Oven, Refrigerator, Wall Oven, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 8
  • Countertops: Solid Surface
  • Floor Coverings: Carpet, Tile, Wood
  • Foundation: Piling
  • Full Bathrooms: 8
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ensuite, Washer Connection
  • Optional Rooms: Game Room, Shipswatch
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: Shoreline Construction
  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, Vinyl, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: Attached
  • Garage Sq Ft: 195
  • Parking: Paved, Off Street

Utilities

  • Cooling: Heat Pump, Zoned
  • Heating: Electric, Forced Air, Heat Pump, Zoned
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Condo/Co-op/Association

  • Association Fee: Voluntary - Restrictive Covenants May Apply
  • Estimated Annual Fee: 150

Lot Info

  • Lot Description: Cul-de-sac
  • Lot Faces: South
  • Lot Number: Lot # 100
  • Deed Book: 0752

Rental Info

  • Lease Terms: Weekly
  • Rental Co: Shoreline OBX
  • Rental Cottage Name: The Big Sea
  • Rental Cottage Number: OSB-1
  • Rental Phone Number: Shoreline OBX
  • Rental Turnover Day: SUNDAY
  • Rental Contact Name: Shoreline OBX
  • Rental Contact Phone: 252-261-5300

Building Info

  • Year Built: 2005

Tax Info

  • Year: 2017
  • Taxes: 4723

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2018
Closed on
Aug 2, 2018
Sold by
Gosnell Gary and Gosnell Leslie
Bought by
Ross Kevin P and Ross Jennifer N
Seller's Agent
Paul Sabadash
Sun Realty - Corolla
Buyer's Agent
Bucky Harrison
Beach Realty & Construction
List Price
$1,185,000
Sold Price
$1,087,500
Premium/Discount to List
-$97,500
-8.23%
Current Estimated Value
$1,910,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$822,755
Avg. Annual Appreciation
8.19%
Original Mortgage
$870,000
Outstanding Balance
$755,560
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$1,154,695

Purchase Details

Closed on
Feb 25, 2004
Bought by
Gosnell Gary S and Gosnell Leslie B
Source: Public Records

Range of Values:

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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
Ross Kevin P $1,237,500 None Available
Gosnell Gary S $630,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ross Kevin P $870,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2018 08/08/18 Sold $1,087,500 -8.2% $231 / Sq Ft
07/09/2018 07/09/18 Pending -- -- --
05/07/2018 05/07/18 For Sale $1,185,000 -- $252 / Sq Ft
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
2024 $7,910 $1,021,900 $310,000 $711,900
2023 $7,894 $1,021,900 $310,000 $711,900
2022 $5,847 $1,021,900 $310,000 $711,900
2021 $5,832 $925,800 $325,000 $600,800
2020 $5,352 $925,800 $325,000 $600,800
2019 $5,336 $925,800 $325,000 $600,800
2018 $0 $902,900 $325,000 $577,900
2017 $4,723 $902,900 $325,000 $577,900
2016 $4,723 $902,900 $325,000 $577,900
2015 $4,723 $902,900 $325,000 $577,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 100407

Outer Banks Association of REALTORS®

APN: 126A-000-0100-000B