NOT LISTED FOR SALE

520 Old Stoney Rd Unit 3 Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $222,674

-- Bed
-- Bath
-- Sq Ft
871 Sq Ft Lot

Last Sold December 20, 2023

Last sale price $175,000

Est. 27% increase in value since last sale

Current estimated payment $1,341/month

68 Days on Market

Highlights

  • Tile Flooring
  • Central Heating and Cooling System
  • Level Lot

About This Home

As of December 2023

Perfect Opportunity to own your own office, or customize the space to fulfill your needs. Office, Retail, and Restaurant options are a few of the many possibilities for this 800 Sq Ft commercial condo located in the highly sought after busy vacation destination of Corolla. Situated conveniently at the South entrance to The Currituck Club, near restaurants, shopping, Currituck Visitor Center, golf, tennis courts, and across the street from the public beach access. This prime commercial space offers great visibility and frontage with large windows for prospective clients/customers to see your offering. Upon entering, you step into the foyer with a sitting area and reception counter, which opens to the main area with 2 desks (currently). Additionally, there are 2 private offices that are well appointed on the left, a full kitchen, and a 1/2 bath bathroom. There is a large loft that can be utilized for storage which spans the length of the left side of the building, a generous storage closet, cabinets in the kitchen, and storage shelves in the bathroom. Furniture is negotiable. If you are tired of paying rent, or looking to invest in commercial real estate to begin your business and operate in your own commercial condo, then make an appointment to see this rare commercial opportunity in Corolla.

Last Agent to Sell the Property

Sandra LaRue

Corolla Beach Realty License #244093 Listed on: 09/14/2023

Last Buyer's Agent

Joanne Kepler

Beach Realty & Construction- Corolla License #190335

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $971

Year Built

  • Built in 2003

Lot Details

  • Level Lot

Home Design

  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof

Flooring

  • Carpet
  • Tile

Parking

  • Paved Parking
  • Parking Lot

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District for Water and Sewer

Community Details

  • Lydia Tudor Association, Phone Number (304) 633-3643
  • Ocean Club Ctr Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$971

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Class: COMMERCIAL/INDUSTRIAL
  • Directions: Rt 12 North. Left on Old Stoney Road. Office Space is located between Low Tide Restaurant and Just for the Beach.
  • Flood Zone: X
  • Subdivision Name: Tuward Condominiums
  • Headline: Commercial Space For Sale
  • L V T Date: 09/14/2023
  • Roads: Paved
  • Sale/Rent: For Sale
  • Zoning: LB
  • Current Use: Office
  • Permitted Use: Office,Retail,Restaurant
  • Property Features: Dumpster, Gutter(s)
  • Additional Showing Info: call to show or use Showing Time
  • Deed Book Pg Number: 629
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C18834
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Electronic Locks: Owned
  • Foundation: Slab
  • Floor Covering: Carpet, Tile

Exterior Features

  • Construction: Frame, Wood
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Garage Details: 51-100 Spaces, Parking Lot, Paved

Utilities

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

Condo/Co-op/Association

  • Hoa Contact: Lydia Tudor
  • HOA Contact: 304.633.3643

Lot Info

  • Lot Description: Level
  • Deed Book: 1074
  • Unit/Lot Number: Unit 3

Rental Info

  • Gross Income Range: Call Agent

Building Info

  • Year Built: 2003

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2023
  • Taxes: 971

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 13, 2024
Sold by
Wines Robert D and Wines Jeanette D
Bought by
Farmdog Surf School Llc
Total Days on Market
68
Current Estimated Value
$222,674

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Outstanding Balance
$119,475
Interest Rate
6.72%
Mortgage Type
Seller Take Back
Estimated Equity
$103,199

Purchase Details

Listed on
Sep 14, 2023
Closed on
Dec 7, 2023
Sold by
Larue Richard A and Larue Sandra L
Bought by
Wines Robert El and Wines Jeanette D
Seller's Agent
Sandra LaRue
Corolla Beach Realty
Buyer's Agent
Joanne Kepler
Beach Realty & Construction- Corolla
List Price
$249,000
Sold Price
$175,000
Premium/Discount to List
-$74,000
-29.72%
Views
152

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.08%

Purchase Details

Closed on
Feb 2, 2009
Sold by
Ward Gary E and Ward Jina L
Bought by
Larue Richard A and Larue Sandra L
Source: Public Records

Range of Values:

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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
Farmdog Surf School Llc $220,000 None Listed On Document
Wines Robert El $175,000 None Listed On Document
Larue Richard A $127,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farmdog Surf School Llc $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2023 12/20/23 Sold $175,000 -29.7% --
11/21/2023 11/21/23 Pending -- -- --
09/14/2023 09/14/23 For Sale $249,000 -- --
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
2024 $1,096 $156,600 $21,800 $134,800
2023 $971 $156,600 $21,800 $134,800
2022 $799 $156,600 $21,800 $134,800
2021 $799 $144,300 $17,400 $126,900
2020 $765 $144,300 $17,400 $126,900
2019 $765 $144,300 $17,400 $126,900
2018 $765 $144,300 $17,400 $126,900
2017 $693 $144,300 $17,400 $126,900
2016 $693 $144,300 $17,400 $126,900
2015 $693 $144,300 $17,400 $126,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 123429

Outer Banks Association of REALTORS®

APN: 127F-000-0003-0000