NOT LISTED FOR SALE

523 Ocean Trail Corolla, NC 27927

Estimated Value: $712,000 - $994,000

5 Beds
3 Baths
2,891 Sq Ft
$305/Sq Ft Est. Value

Last Sold December 28, 2015

Last sale price $477,500 $165 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $4,972/month

229 Days on Market

Highlights

  • 200 Feet of Waterfront
  • Beach Access
  • Traditional Architecture
  • Ocean View
  • Cabana
  • Furnished

About This Home

As of December 2015

Make "Our Sandcastle" YOUR Sandcastle!! Home is in 2015 rental program with Carolina Shores Vacation Rentals with projected income of $49,395. For the past two years and currently, it is the owners primary residence. A County approved bike/walking path along Route 12 is planned. This 20,000 square foot homesite has ocean and sound views from the top deck. It is in Flood Zone X meaning a preferred insurance rate and the homeowner's association is voluntary. Features of this home are: Private pool and pool garden, Pergola, hot tub, wrap-around decking on two levels, game room with built-in storage (or 2 car garage), basketball hoop, volleyball, beautifully decorated and appointed with coordinated room painting, shows like a model home, dining room with built-in buffet and hutch, stainless steel well-equipped kitchen, separate breakfast area, family room with built-in entertainment center and bookcase, living room, home is center hall in style, California closet systems are in each of the bedrooms, half acre landscaped lot with irrigation and lighting, ample parking area, easy beach access, public water (no sewage fees), home has consistently been up-graded and meticulously maintained, fabulous location to many activities and sites such as Currituck Club golf course, wine, food, art and music summer festivals, Currituck Light House and Education Center plus tours to see the Wild Horses of Currituck. You must see this home to appreciate all it offers.

Last Agent to Sell the Property

Jack & Carol Riggle

Outer Banks Realty Group License #185778 Listed on: 01/30/2015

Co-Listed By

Carol Riggle

Outer Banks Realty Group License #207024

Last Buyer's Agent

Whitney Hawkins

Brindley Beach Vacations & Sales - Cor License #187617

Brindley Beach Vacations & Sales - Cor

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,469

Year Built

  • Built in 1991

Lot Details

  • 0.51 Acre Lot
  • Lot Dimensions are 110x200
  • 200 Feet of Waterfront
  • Landscaped
  • Level Lot
  • Sprinkler System

HOA Fees

  • $8 Monthly HOA Fees

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

  • Traditional Architecture
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 2,891 Sq Ft Home
  • Furnished
  • Window Treatments
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Workshop
  • Dryer

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Parking

  • Garage
  • Carport
  • Garage Door Opener

Pool

  • Cabana
  • In Ground Pool
  • Fiberglass Pool
  • Outdoor Pool
  • Spa

Outdoor Features

  • Beach Access

Utilities

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

Community Details

  • Ocean Sands Subdivision

Listing and Financial Details

  • Tax Lot 4

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,469

Year Built

Built in 1991

Lot Details

0

HOA Fees

$8 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Traditional
  • Directions: Oceanside between south and north entrances to The Currituck Club
  • Extras: Beach Access, Cabana, Garage Door Opener, Hot Tub, Landscaped, Lawn Sprinklers
  • Flood Zone: X
  • Subdivision Name: Ocean Sands
  • Headline: A GREAT BUY - SUPER HOUSE!!
  • Heated Sq Ft: 2891
  • Primary Residence: Yes
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: A
  • Waterfront Location: More than 5th row
  • Zoning: Residentia
  • Deed Book Pg Number: 937
  • Major Subdivision: Ocean Sands
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker
  • Bedrooms: 5
  • Bedroom 1: On Level: 2
  • Bedroom 2: On Level: 2
  • Bedroom 3: On Level: 2
  • Bedroom 4: On Level: 2
  • Bedroom 5: On Level: Ground
  • Kitchen: On Level: 1
  • Countertops: Laminate, Solid Surface
  • Floor Coverings: Carpet, Ceramic Tile, Vinyl
  • Foundation: Piling
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Pantry
  • Dining Room: On Level: 1
  • Family Room: On Level: 1
  • Living Room: On Level: 1
  • Optional Rooms: Breakfast Nook, Foyer, Pantry, Workshop

Exterior Features

  • Construction: Frame
  • Exterior: Vinyl
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Fiberglass, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 110
  • View: Ocean, Sound
  • Water Frontage: 200

Garage/Parking

  • Garage: 2 Car, Attached

Utilities

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

Condo/Co-op/Association

  • Estimated Annual Fee: 100

Lot Info

  • Estimated Lot Sq Ft: 22069
  • Lot Description: Level
  • Lot Faces: W
  • Lot Size: 110x200
  • Lot Number: Lot 4
  • Deed Book: 656

Rental Info

  • Est Annual Rental Income: 49395
  • Estimated Rental Performance: 0.1034
  • Lease Terms: Weekly
  • Other Expenses: 170000
  • Rental Co: Carolina Shores
  • Rental Cottage Name: Our Sand Castle
  • Rental Cottage Number: OS 523
  • Rental Phone Number: 866 418-5263
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 1991

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2014
  • Taxes: 2469.04

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2015
Closed on
Dec 18, 2015
Sold by
Caporal John G and Caporal Debra E
Bought by
Ravo Jude and Ravo Brandy
Seller's Agent
Jack & Carol Riggle
Outer Banks Realty Group
Buyer's Agent
Whitney Hawkins
Brindley Beach Vacations & Sales - Cor
List Price
$527,900
Sold Price
$477,500
Premium/Discount to List
-$50,400
-9.55%
Current Estimated Value
$882,653

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$405,153
Avg. Annual Appreciation
6.34%
Original Mortgage
$381,600
Outstanding Balance
$301,557
Interest Rate
4.01%
Mortgage Type
New Conventional
Estimated Equity
$581,096
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
Ravo Jude $477,500 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ravo Jude $381,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/28/2015 12/28/15 Sold $477,500 -9.5% $165 / Sq Ft
09/16/2015 09/16/15 Pending -- -- --
01/30/2015 01/30/15 For Sale $527,900 -- $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
2025 $3,908 $471,700 $120,000 $351,700
2024 $3,908 $471,700 $120,000 $351,700
2023 $3,892 $471,700 $120,000 $351,700
2022 $2,931 $471,700 $120,000 $351,700
2021 $2,916 $462,300 $170,000 $292,300
2020 $2,798 $462,300 $170,000 $292,300
2019 $2,798 $462,300 $170,000 $292,300
2018 $2,798 $462,300 $170,000 $292,300
2017 $2,539 $462,300 $170,000 $292,300
2016 $2,539 $462,300 $170,000 $292,300
2015 $2,469 $462,300 $170,000 $292,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 86550

Outer Banks Association of REALTORS®

APN: 126A-000-0004-000A