NOT LISTED FOR SALE

518 Oak View Ct Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $583,000 - $744,000

3 Beds
2.5 Baths
1,800 Sq Ft
$362/Sq Ft Est. Value

Last Sold April 17, 2017

Last sale price $310,000 $172 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $4,394/month

301 Days on Market

Highlights

  • Community Beach Access
  • Golf Course Community
  • Gated Community
  • Health Club
  • In Ground Pool
  • Clubhouse

About This Home

As of April 2017

Charming Magnolia Bay home with outdoor pool and hot tub, spacious private yard, steps to the Magnolia Bay pool and best of all it is a quick walk to the ocean front! Home is beautifully furnished and offers an open floor plan which is perfect for entertaining. With 3 bedrooms and 2.5 bathrooms and 1,800 square feet of heated living space this home is the perfect size for your family and priced aggressively for a quick sale. The Currituck Club is a one of a kind development in Corolla offering a beautiful 18 hole Rees Jones designed golf course, pro shop, clubhouse, & driving range- everything needed to make the everyday or vacation golfer smile! Also the community offers 5 outdoor pools all with kiddie pools & bathhouses, 7 tennis courts, fitness center just to name a few. On top of that vacationers receive courtesy trolley service to/from the beach access along with concierge to help setup your beach items. The Currituck County beach access also has an excellent food and beverage service!

Last Agent to Sell the Property

Matt Myatt

Keller Williams - Outer Banks License #218707 Listed on: 05/13/2016

Keller Williams - Outer Banks

Last Buyer's Agent

Daniel LaRue

Corolla Beach Realty License #257370

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,765

Year Built

  • Built in 1999

Lot Details

  • Property fronts a private road
  • Landscaped
  • Level Lot
  • Sprinkler System

HOA Fees

  • $472 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 1,800 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Garage Door Opener
  • Off-Street Parking

Pool

  • In Ground Pool
  • Fiberglass Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Patio
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot #49

Community Details

Overview

  • Association fees include common electric, common insurance, grounds maintenance, management, pool, road maintenance, security, taxes, tennis courts, walkways
  • Tcc Magnolia Bay Subdivision

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Community Beach Access
  • Golf Course Community
  • Health Club
  • Tennis Courts
  • Community Playground
  • Community Pool

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,765

Year Built

Built in 1999

Lot Details

0

HOA Fees

$472 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Traditional
  • Directions: Main entrance to TCC. Left on Hunt Club Drive. Right on Meadow Lane. House on corner of Oak View and Meadow.
  • Extras: Ceiling Fan(s), Garage Door Opener, Hot Tub, Jet Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Patio, Smoke Detector(s), Sun Deck
  • Flood Zone: AE
  • Headline: Magnolia Bay Beauty!
  • Heated Sq Ft: 1800
  • L V T Date: 05/13/2016
  • Primary Residence: Yes
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Zoning: Res
  • Deed Book Pg Number: 0481
  • Major Subdivision: The Currituck Club
  • Office License Number: C26996
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 3
  • Countertops: Laminate
  • Floor Coverings: Carpet, Ceramic Tile, Tile
  • Foundation: Piling, Slab
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Washer Connection
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Fiberglass, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Garage: 1 Car, Attached
  • Parking: Paved, Off Street

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Heat Pump
  • Sewer/Septic System: Community Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Grounds Maintenance, Management, Pool, Road Maintenance, Security, Taxes, Tennis Courts, Walkways
  • Association Amenities: Clubhouse, Gated Community, Golf Course, Health Club, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 5663

Lot Info

  • Lot Description: Level
  • Lot Number: Lot #49
  • Deed Book: 0714

Rental Info

  • Est Annual Rental Income: 29060
  • Estimated Rental Performance: 0.0937
  • Lease Terms: Weekly
  • Rental Co: Village Realty
  • Rental Cottage Name: Sound Legacy
  • Rental Cottage Number: MB-49
  • Rental Phone Number: 252.453.9650
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 1999

Tax Info

  • Year: 2015
  • Taxes: 1765

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2016
Closed on
Apr 17, 2017
Sold by
Wolfe William Franklin and Wolfe Brenda Ann
Bought by
Schmitt Richard P and Schmitt Denise M
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Daniel LaRue
Corolla Beach Realty
List Price
$329,000
Sold Price
$310,000
Premium/Discount to List
-$19,000
-5.78%
Total Days on Market
301
Current Estimated Value
$651,837

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$341,837
Avg. Annual Appreciation
9.57%
Original Mortgage
$294,500
Outstanding Balance
$247,814
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$404,023

Purchase Details

Closed on
Sep 16, 2003
Bought by
Wolfe William Franklin and Wolfe Brenda Ann
Source: Public Records

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Range of Values:

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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
Schmitt Richard P $310,000 Attorney
Wolfe William Franklin $373,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schmitt Richard P $294,500
Previous Owner Wolfe William Franklin $221,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2017 04/17/17 Sold $310,000 -5.8% $172 / Sq Ft
03/10/2017 03/10/17 Pending -- -- --
05/13/2016 05/13/16 For Sale $329,000 -- $183 / 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 $3,150 $383,300 $88,000 $295,300
2023 $3,150 $383,300 $88,000 $295,300
2022 $2,391 $383,300 $88,000 $295,300
2021 $2,376 $315,700 $80,000 $235,700
2020 $1,943 $315,700 $80,000 $235,700
2019 $1,943 $315,700 $80,000 $235,700
2018 $1,943 $315,700 $80,000 $235,700
2017 $1,765 $315,700 $80,000 $235,700
2016 $1,765 $315,700 $80,000 $235,700
2015 -- $315,700 $80,000 $235,700
Source: Public Records

Agents Affiliated with this Home

  • Matt Myatt

    Seller's Agent in 2017

    Matt Myatt

    Keller Williams - Outer Banks

    (252) 207-6588

    236 in this area

    462 Total Sales

    Matt Myatt
    Section Image
  • Daniel LaRue

    Buyer's Agent in 2017

    Daniel LaRue

    Corolla Beach Realty

    (551) 404-7777

    36 in this area

    55 Total Sales

    Daniel LaRue
    Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 92372

Outer Banks Association of REALTORS®

APN: 127D-000-0049-0000

North Carolina Currituck County Corolla 27927 Corolla

518 Oak View Ct, Corolla, NC

This home is located at 518 Oak View Ct, Corolla, NC 27927 since 13 May 2016 and is currently estimated at $651,837, approximately $362 per square foot. This property was built in 1999. 518 Oak View Ct is a home located in Currituck County with nearby schools including Knotts Island Elementary School, Currituck County Middle School, and Currituck County High School.

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