NOT LISTED FOR SALE

518 Ocean Trail Corolla, NC 27927

Estimated Value: $517,000 - $554,880

4 Beds
2.5 Baths
1,680 Sq Ft
$320/Sq Ft Est. Value

Last Sold July 15, 2022

Last sale price $480,000 $286 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,018/month

Highlights

  • Beach Access
  • Cathedral Ceiling
  • Beamed Ceilings
  • Golf Course View
  • Furnished
  • Garage

About This Home

As of July 2022

This home is located at 518 Ocean Trail, Corolla, NC 27927 since 15 June 2022 and is currently estimated at $537,470, approximately $319 per square foot. This property was built in 1986. 518 Ocean Trail is a home located in Currituck County with nearby schools including Knotts Island Elementary School, Currituck County Middle School, and Currituck County High School.

Last Agent to Sell the Property

Anna Hunt

Brindley Beach Vacations & Sales - KH License #231616 Listed on: 06/15/2022

Last Buyer's Agent

Anna Hunt

Brindley Beach Vacations & Sales - KH License #231616 Listed on: 06/15/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,803

Year Built

  • Built in 1986

Lot Details

  • 0.51

HOA Fees

  • $10 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 1,680 Sq Ft Home
  • Furnished
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • Utility Room
  • Golf Course Views
  • Storm Doors

Kitchen

  • Oven or Range
  • Plumbed For Ice Maker
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Tuck Under Parking
  • Off-Street Parking

Outdoor Features

  • Beach Access
  • Sun Deck

Utilities

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

Community Details

  • Kathy Regan Signature Touch Association, Phone Number (252) 441-8857
  • Ocean Sands Subdivision

Listing and Financial Details

  • Tax Lot 59

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,803

Year Built

Built in 1986

Lot Details

0

HOA Fees

$10 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Extras: Beach Access, Ceiling Fan(s), Storm Doors, Sun Deck, Dry Entry
  • Flood Zone: X
  • Heated Sq Ft: 1680
  • L V T Date: 07/15/2022
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: More than 5th row
  • Zoning: Res
  • Deed Book Pg Number: 203
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Ocean Sands
  • Newpoint Media: Yes
  • Office License Number: C14121
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Range/Oven, Washer
  • Bedrooms: 4
  • Floor Coverings: Carpet, Vinyl
  • Foundation: Piling
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Beamed Ceiling(s), Cathedral Ceiling(s), Dryer Connection, Ice Maker Connection, Washer Connection
  • Optional Rooms: Utility Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Exterior: Cement Fiber Board
  • Roof: Asphalt/Fiber Shingle
  • View: Golf Course

Garage/Parking

  • Garage: 1 Car, Carport
  • Parking: Off Street, Under

Utilities

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

Condo/Co-op/Association

  • Association Fee: Voluntary - Restrictive Covenants May Apply
  • Estimated Annual Fee: 125
  • Hoa Contact: Kathy Regan - Signature Touch
  • HOA Contact: 252-441-8857

Lot Info

  • Lot Description: Golf Course Frontage
  • Lot Number: Lot 59
  • Deed Book: 1400

Rental Info

  • Lease Terms: Month to Month

Building Info

  • Year Built: 1986

Tax Info

  • Year: 2021
  • Taxes: 1803

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 28, 2024
Sold by
Lawhorn Bill L and Ayers Samantha L
Bought by
Family Tides Llc
Current Estimated Value
$537,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Outstanding Balance
$189,358
Interest Rate
6.05%
Mortgage Type
Seller Take Back
Estimated Equity
$348,112

Purchase Details

Listed on
Jun 15, 2022
Closed on
Jul 8, 2022
Sold by
Riggs John P and Riggs Brenda J
Bought by
Lawhorn Bill L and Ayers Samantha L
Seller's Agent
Anna Hunt
Brindley Beach Vacations & Sales - KH
Buyer's Agent
Anna Hunt
Brindley Beach Vacations & Sales - KH
List Price
$480,000
Sold Price
$480,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.33%
Original Mortgage
$190,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 4, 2017
Closed on
Mar 22, 2017
Sold by
Pugh Andrew R and Roberts Dorothy L
Bought by
Riggs John P and Riggs Brenda J
Seller's Agent
Robert Ladd
Twiddy and Co. - Duck
Buyer's Agent
Anna Hunt
Brindley Beach Vacations & Sales - KH
List Price
$269,000
Sold Price
$240,000
Premium/Discount to List
-$29,000
-10.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.92%

Purchase Details

Closed on
Jun 30, 1987
Bought by
Roberts Andrew R and Roberts Dorothy L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Family Tides Llc $535,000 None Listed On Document
Family Tides Llc $535,000 None Listed On Document
Lawhorn Bill L $2,880,000 Rose Harrison Gilreath & Power
Riggs John P $240,000 Attorney
Roberts Andrew R $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Family Tides Llc $200,000
Closed Family Tides Llc $200,000
Previous Owner Lawhorn Bill L $190,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/15/2022 07/15/22 Sold $480,000 0.0% $286 / Sq Ft
06/15/2022 06/15/22 Pending -- -- --
06/15/2022 06/15/22 For Sale $480,000 +100.0% $286 / Sq Ft
03/22/2017 03/22/17 Sold $240,000 -10.8% $170 / Sq Ft View Prior Sale
02/14/2017 02/14/17 Pending -- -- --
02/04/2017 02/04/17 For Sale $269,000 -- $191 / 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 $2,394 $271,000 $110,000 $161,000
2024 $2,394 $271,000 $110,000 $161,000
2023 $2,131 $271,000 $110,000 $161,000
2022 $1,818 $271,000 $110,000 $161,000
2021 $1,803 $283,900 $150,000 $133,900
2020 $1,775 $283,900 $150,000 $133,900
2019 $1,775 $283,900 $150,000 $133,900
2018 $1,775 $283,900 $150,000 $133,900
2017 $1,613 $283,900 $150,000 $133,900
2016 $1,613 $283,900 $150,000 $133,900
2015 $1,613 $283,900 $150,000 $133,900
Source: Public Records

Agents Affiliated with this Home

  • Anna Hunt

    Seller's Agent in 2022

    Anna Hunt

    Brindley Beach Vacations & Sales - KH

    (252) 573-8934

    21 in this area

    70 Total Sales

    Anna Hunt
    Section Image
  • Robert Ladd

    Seller's Agent in 2017

    Robert Ladd

    Twiddy and Co. - Duck

    (252) 202-8311

    18 in this area

    46 Total Sales

    Robert Ladd
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 119704

Outer Banks Association of REALTORS®

APN: 126A-000-0059-000A

North Carolina Currituck County Corolla 27927

518 Ocean Trail, Corolla, NC

Not Listed for Sale

Detached

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