NOT LISTED FOR SALE

525 Ocean Trail Corolla, NC 27927

Estimated Value: $1,087,000 - $1,360,000

6 Beds
5.5 Baths
4,088 Sq Ft
$293/Sq Ft Est. Value

Last Sold May 18, 2012

Last sale price $604,000 $148 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $6,405/month

85 Days on Market

Highlights

  • Ocean View
  • Heated In Ground Pool
  • Coastal Architecture
  • Beach Access
  • Second Refrigerator
  • Cathedral Ceiling

About This Home

As of May 2012

THIS IS A SHORT SALE AND PRICED AGGRESSIVELY, NICELY DONE AND MANY UPGRADES. OCEAN VIEWS, RECREATION ROOM, LARGE CORNER LOT. PRIVATE HEATED POOL AND CLOSE TO THE BEACH. HUGH LOT AT OVER .5 ACRE. EXCELLENT RENTAL HISTORY. MAKE SURE TO SEE THIS ONE, WILL NOT LAST.

Last Agent to Sell the Property

Whitney Hawkins

Brindley Beach Vacations & Sales - Cor License #187617 Listed on: 02/06/2012

Brindley Beach Vacations & Sales - Cor

Co-Listed By

Winston Hawkins

Brindley Beach Vacations & Sales - Cor License #188274

Last Buyer's Agent

Cooper Hawk

Outer Banks Realty Group License #229028

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,659

Year Built

  • Built in 2000

Lot Details

  • Fenced Yard
  • Corner Lot
  • Level Lot

HOA Fees

  • $8 Monthly HOA Fees

Parking

  • Off-Street Parking

Property Views

  • Ocean
  • Views of a Sound
  • Golf Course

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 4,088 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Beach Access
  • Sun Deck
  • Covered Deck

Utilities

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

Listing and Financial Details

  • Tax Lot 5

Community Details

Overview

  • Ocean Sands Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,659

Year Built

Built in 2000

Lot Details

0

HOA Fees

$8 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: 12 N, TO RIGHT ON OCEAN WAY, CORNER HOME
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Fenced Yard, Hot Tub, Outside Shower, Smoke Detector(s), Sun Deck
  • Flood Zone: X
  • Subdivision Name: OCEAN SANDS
  • Headline: CLOSE TO OCEAN,GREAT RENTALS
  • Heated Sq Ft: 4088
  • Potential Short Sale: Yes
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: A
  • Waterfront Location: 4 - lots from oceanfront (5th row)
  • Zoning: RES
  • Deed Book Pg Number: 221
  • Major Subdivision: Ocean Sands
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 6
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Wood
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Walk in Closet, Washer Connection
  • Partial Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: Carport
  • Parking: Off Street

Utilities

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

Condo/Co-op/Association

  • Association Fee: Yes
  • Estimated Annual Fee: 100

Lot Info

  • Lot Description: Corner, Level
  • Lot Number: Lot 5
  • Deed Book: 820

Rental Info

  • Est Annual Rental Income: 53000
  • Estimated Rental Performance: 0.0877
  • Rental Co: Brindley Beach Vacations
  • Rental Cottage Name: ENDLESS SUMMER
  • Rental Cottage Number: 0S1A
  • Rental Phone Number: 252-453-3335
  • Rental Turnover Day: SAT
  • Yearly Expense Actual Estimate: Actual

Building Info

  • Year Built: 2000

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2012
  • Taxes: 2659

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2012
Closed on
May 18, 2012
Sold by
Arey David P and Arey Anita M
Bought by
Furlong Joseph T and Furlong Theresa J
Seller's Agent
Whitney Hawkins
Brindley Beach Vacations & Sales - Cor
Buyer's Agent
Cooper Hawk
Outer Banks Realty Group
List Price
$625,000
Sold Price
$604,000
Premium/Discount to List
-$21,000
-3.36%
Current Estimated Value
$1,152,791

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$548,791
Avg. Annual Appreciation
5.14%
Original Mortgage
$458,000
Outstanding Balance
$316,707
Interest Rate
4.01%
Mortgage Type
New Conventional
Estimated Equity
$881,187
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
Furlong Joseph T $604,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Furlong Joseph T $458,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/18/2012 05/18/12 Sold $604,000 -3.4% $148 / Sq Ft
05/01/2012 05/01/12 Pending -- -- --
02/06/2012 02/06/12 For Sale $625,000 -- $153 / 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 $4,497 $565,000 $120,000 $445,000
2024 $4,497 $565,000 $120,000 $445,000
2023 $4,578 $565,000 $120,000 $445,000
2022 $3,431 $565,000 $120,000 $445,000
2021 $3,416 $526,600 $170,000 $356,600
2020 $3,155 $526,600 $170,000 $356,600
2019 $3,155 $526,600 $170,000 $356,600
2018 $3,155 $526,600 $170,000 $356,600
2017 $2,863 $526,600 $170,000 $356,600
2016 $2,863 $526,600 $170,000 $356,600
2015 $2,863 $526,600 $170,000 $356,600
Source: Public Records

Agents Affiliated with this Home

  • Whitney Hawkins

    Seller's Agent in 2012

    Whitney Hawkins

    Brindley Beach Vacations & Sales - Cor

    (252) 202-4949

    14 in this area

    57 Total Sales

    Whitney Hawkins
    Section Image
  • Winston Hawkins

    Seller Co-Listing Agent in 2012

    Winston Hawkins

    Brindley Beach Vacations & Sales - Cor

    (252) 202-2002

    8 in this area

    53 Total Sales

    Winston Hawkins
    Section Image
  • Cooper Hawk

    Buyer's Agent in 2012

    Cooper Hawk

    Outer Banks Realty Group

    (252) 202-4019

    10 in this area

    38 Total Sales

    Cooper Hawk
    Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 73427

Outer Banks Association of REALTORS®

APN: 126A-000-0005-000A

North Carolina Currituck County Corolla 27927

525 Ocean Trail, Corolla, NC

Not Listed for Sale

Detached

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