NOT LISTED FOR SALE

516 Ocean Trail Corolla, NC 27927

Estimated Value: $632,000 - $747,611

4 Beds
2 Baths
1,568 Sq Ft
$438/Sq Ft Est. Value

Last Sold August 08, 2014

Last sale price $211,500 $135 Per Sq Ft

Est. 225% increase in value since last sale

Current estimated payment $3,871/month

29 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • Beamed Ceilings
  • Beach Access
  • Cathedral Ceiling
  • Forced Air Zoned Heating and Cooling System

About This Home

As of August 2014

A Handi-man Special, with the potential to completely renovate, update and customize to one's liking. Four Bedrooms, Two Baths, and a Private Pool gets one started. From the Top Level Decking on the West, there are strikingly wonderful views of the beautifully landscaped adjacent Golf Course Community of The Currituck Club. From the East Top Level Decking, there are awesome Ocean Views, over Land available for future development. With driveway access to Ocean Trail ( NC Rt 12 ), you are conveniently located to Retail Shops, Grocery Stores, Movie Theater, Putt Putt Golf, Pro Golf, Kayak Rentals, etc, all within a 10 minute drive. Beach Access is approximately 1440'. A Residential NC State Licensed General Building Contractor can provide insightful recommendations. ***This is a Fannie Mae HomePath property.***

Last Agent to Sell the Property

Paul Sabadash

Sun Realty - Corolla License #119788 Listed on: 06/23/2014

Last Buyer's Agent

Anna Hunt

Brindley Beach Vacations & Sales - KH License #231616

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,722

Year Built

  • Built in 1974

Lot Details

  • 0.5

Property Views

  • Ocean
  • Golf Course

Home Design

  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Lap Siding
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 1,568 Sq Ft Home
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • Paved Parking
  • Off-Street Parking

Pool

  • In Ground Pool
  • Outdoor Pool

Outdoor Features

  • Beach Access

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Well
  • Private or Community Septic Tank

Community Details

  • Ocean Sands Subdivision

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Tax Lot # A 58

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,722

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Bank Owned: Yes
  • Directions: Ocean Sands Sec A: NC Rt 12 Ocean Trail; when Northbound, Westside, 1st House. Vacant Show Anytime.
  • Extras: Beach Access, Ceiling Fan(s)
  • Flood Zone: X
  • Subdivision Name: Ocean Sands Sections A,B,C / Ocean Sands South
  • Headline: Fixer Upper Big Time
  • Heated Sq Ft: 1568
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: A
  • Zoning: RES
  • Deed Book Pg Number: 0880
  • Major Subdivision: Ocean Sands
  • Special Features: 20
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Floor Coverings: Carpet, Vinyl
  • Foundation: Piling
  • Full Bathrooms: 2
  • Interior Amenities: Beamed Ceiling(s), Cathedral Ceiling(s)

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Lap Siding, Shakes, Wood
  • Pool: Yes
  • Pool Type: Outdoor, In Ground, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Golf Course, Ocean

Garage/Parking

  • Parking: Paved, Off Street

Utilities

  • Cooling: Heat Pump, Zoned
  • Heating: Electric, Forced Air, Heat Pump
  • Oilgas Severed Pre Owner: No Representation
  • Sewer/Septic System: Private Septic
  • Water: Well

Lot Info

  • Lot Number: Lot# A 58
  • Deed Book: 1258

Building Info

  • Year Built: 1974

Tax Info

  • Year: 2013
  • Taxes: 1722

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2014
Closed on
Aug 5, 2014
Sold by
Fannie Mae
Bought by
Riggs John P and Riggs Brenda J
Seller's Agent
Paul Sabadash
Sun Realty - Corolla
Buyer's Agent
Anna Hunt
Brindley Beach Vacations & Sales - KH
List Price
$229,500
Sold Price
$211,500
Premium/Discount to List
-$18,000
-7.84%
Current Estimated Value
$687,153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$475,653
Avg. Annual Appreciation
10.89%

Purchase Details

Closed on
Jun 24, 2013
Sold by
Robinson Clay R and Robinson Angela M
Bought by
Federal National Mortgage Association
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
Riggs John P -- None Available
Federal National Mortgage Association $299,166 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2014 08/08/14 Sold $211,500 -7.8% $135 / Sq Ft
07/22/2014 07/22/14 Pending -- -- --
06/23/2014 06/23/14 For Sale $229,500 -- $146 / 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
2025 $3,238 $393,500 $110,000 $283,500
2024 $3,238 $393,500 $110,000 $283,500
2023 $3,222 $387,700 $110,000 $277,700
2022 $2,413 $387,700 $110,000 $277,700
2021 $2,398 $388,900 $150,000 $238,900
2020 $2,331 $388,900 $150,000 $238,900
2019 $2,331 $388,900 $150,000 $238,900
2018 $2,331 $388,900 $150,000 $238,900
2017 $2,117 $388,900 $150,000 $238,900
2016 $2,117 $388,900 $150,000 $238,900
2015 $1,954 $355,000 $150,000 $205,000
Source: Public Records

Agents Affiliated with this Home

  • Paul Sabadash

    Seller's Agent in 2014

    Paul Sabadash

    Sun Realty - Corolla

    (252) 722-3120

    31 in this area

    34 Total Sales

    Paul Sabadash
    Section Image
  • Anna Hunt

    Buyer's Agent in 2014

    Anna Hunt

    Brindley Beach Vacations & Sales - KH

    (252) 573-8934

    21 in this area

    70 Total Sales

    Anna Hunt
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 84211

Outer Banks Association of REALTORS®

APN: 126A-000-0058-000A

North Carolina Currituck County Corolla 27927

516 Ocean Trail, Corolla, NC

Not Listed for Sale

Detached

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