NOT LISTED FOR SALE

531 Ocean Trail Corolla, NC 27927

Estimated Value: $679,000 - $907,459

5 Beds
4.5 Baths
2,885 Sq Ft
$277/Sq Ft Est. Value

Last Sold April 01, 2016

Last sale price $277,224 $96 Per Sq Ft

Est. 188% increase in value since last sale

Current estimated payment $4,507/month

231 Days on Market

Highlights

  • Community Beach Access
  • In Ground Pool
  • Main Floor Bedroom
  • Ocean View
  • Coastal Architecture
  • Screened Porch

About This Home

As of April 2016

Time Limit Bid Property. 4.5% Buyer Premium chgd buyer at closing. No contingencies accepted on TLB Properties. REO. Property sold As-Is w/o repair, warranty or Seller Disclosure. The Listing Broker & Seller assume no responsibility & make no guarantees as to the accuracy of info herein. Seller will accept cash or conventional offers only.

Last Agent to Sell the Property

Sherry Price

OWNERS.com License #280923 Listed on: 07/10/2015

Last Buyer's Agent

Becky Smith

Sun Realty - Kitty Hawk / Currituck License #189788

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,590

Year Built

  • Built in 2001

Lot Details

  • Fenced Yard
  • Level Lot

HOA Fees

  • $8 Monthly HOA Fees

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

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

Interior Spaces

  • 2,885 Sq Ft Home
  • Family Room
  • Living Room
  • Dining Room
  • Screened Porch
  • Utility Room
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom

Parking

  • Garage
  • Carport

Pool

  • In Ground Pool
  • Outdoor Pool

Outdoor Features

  • Covered Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Private Sewer

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Tax Lot 54

Community Details

Overview

  • Association fees include walkways
  • Ocean Sands Subdivision

Recreation

  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,590

Year Built

Built in 2001

Lot Details

0

HOA Fees

$8 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Bank Owned: Yes
  • Directions: North on Hwy 12, house on Right at 531 Ocean Trail.
  • Extras: Covered Decks, Fenced Yard, Screened Porch
  • Heated Sq Ft: 2885
  • Primary Residence: Yes
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: More than 5th row
  • Zoning: Res
  • Deed Book Pg Number: 1096
  • Major Subdivision: Ocean Sands
  • Special Features: 20
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Bedroom 1: On Level: 2
  • Bedroom 2: On Level: 3
  • Bedroom 3: On Level: 3
  • Bedroom 4: On Level: 1
  • Bedroom 5: On Level: 1
  • Kitchen: On Level: 2
  • Floor Coverings: Carpet, Vinyl
  • Foundation: Piling
  • Full Bathrooms: 4
  • Interior Amenities: Dryer Connection, Ensuite, Washer Connection
  • Dining Room: On Level: 2
  • Family Room: On Level: 1
  • Living Room: On Level: 2
  • Optional Rooms: Utility Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Exterior: Vinyl
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean, Sound

Garage/Parking

  • Garage: 1 Car, Carport
  • Parking: Paved

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Walkways
  • Association Amenities: Ocean Access
  • Association Fee: Yes
  • Estimated Annual Fee: 100

Lot Info

  • Lot Description: Level
  • Lot Number: Lot 54
  • Deed Book: 689

Building Info

  • Year Built: 2001

Tax Info

  • Year: 2014
  • Taxes: 2590

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2015
Closed on
Mar 8, 2016
Sold by
The Bank Of New York Mellon Trust Compan
Bought by
Brownorb Llc
Seller's Agent
Sherry Price
OWNERS.com
Buyer's Agent
Becky Smith
Sun Realty - Kitty Hawk / Currituck
List Price
$398,000
Sold Price
$277,224
Premium/Discount to List
-$120,776
-30.35%
Current Estimated Value
$799,615

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$522,391
Avg. Annual Appreciation
11.46%
Original Mortgage
$221,779
Outstanding Balance
$174,574
Interest Rate
3.65%
Mortgage Type
Commercial
Estimated Equity
$625,041

Purchase Details

Closed on
Jul 6, 2009
Sold by
Smith Tom C
Bought by
Herring Leslie
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
Brownorb Llc $277,500 Attorney
Herring Leslie $2,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brownorb Llc $221,779
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2016 04/01/16 Sold $277,224 -30.3% $96 / Sq Ft
02/26/2016 02/26/16 Pending -- -- --
07/10/2015 07/10/15 For Sale $398,000 -- $138 / 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 $3,864 $482,500 $120,000 $362,500
2024 $3,864 $482,500 $120,000 $362,500
2023 $3,848 $482,500 $120,000 $362,500
2022 $2,899 $482,500 $120,000 $362,500
2021 $2,974 $488,700 $170,000 $318,700
2020 $2,953 $488,700 $170,000 $318,700
2019 $2,945 $488,700 $170,000 $318,700
2018 $2,945 $488,700 $170,000 $318,700
2017 $2,596 $488,700 $170,000 $318,700
2016 $2,596 $488,700 $170,000 $318,700
2015 $2,596 $488,700 $170,000 $318,700
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Sherry Price

    OWNERS.com

    Section Image
  • Becky Smith

    Buyer's Agent in 2016

    Becky Smith

    Sun Realty - Kitty Hawk / Currituck

    (252) 202-4458

    7 Total Sales

    Becky Smith
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 88812

Outer Banks Association of REALTORS®

APN: 126A-000-0054-000A

North Carolina Currituck County Corolla 27927

531 Ocean Trail, Corolla, NC

Not Listed for Sale

Detached

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