NOT LISTED FOR SALE

533 Ocean Trail Corolla, NC 27927

Estimated Value: $861,000 - $960,807

5 Beds
5.5 Baths
3,100 Sq Ft
$294/Sq Ft Est. Value

Last Sold March 16, 2020

Last sale price $488,000 $157 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $5,117/month

438 Days on Market

Highlights

  • Community Beach Access
  • In Ground Pool
  • Whirlpool Bathtub
  • Ocean View
  • Second Refrigerator
  • Furnished

About This Home

As of March 2020

COMING SOON! NEW EXTERIOR PAINT-A LOVELY COASTAL BLUE PROFESSIONALLY DONE AND BRAND NEW ROOF 10/2019! WILL UPDATE PICTURES BY END OF WEEK! Welcome to Reel Retreat, a beautifully maintained Corolla beach home with Elevator, Pool, and Hot Tub on a half-acre lot in the preferred X flood zone, just minutes to the ocean in upscale Section A of Ocean Sands! This home features 5 bedrooms and 5.5 baths, 4 of which are master suites! The upper floor has a deck off the front and back of home for sunrise and sunset views; gorgeous trey ceilings in the great room with gas fireplace; a kitchen with a large bar area seating 5, an additional sink, and stainless steel appliances; a King master suite with deck access and Silestone counter tops, double sink, and tiled Whirlpool tub in bathroom; and a half bath for guests. The mid-level features 3 master suites (King, Queen, Duobunk) each with deck access and double sinks and Silestone counter tops and a laundry area! The ground floor features a game room with pool table, flat screen with seating area, a full size fridge, and two owner storage closets with access to patio leading to outdoor pool (with afternoon shade), large shower, and hot tub! The lower level also includes a Queen junior master suite with patio access. You will love the hand painted beach-themed murals throughout house! Improvements include BRAND NEW HOT TUB 2019, 2 new HVAC systems, water heater, stainless steel appliances, bedroom carpeting, an outdoor custom shed matching the home for additional storage, and circular driveway for easy ingress and egress! Check out the 12-16 ft very wide decks which feature Polywood Furniture! The Currituck Club Golf Course is to its west, allowing for some peak sound and golf course views across the street! Use the safe new sidewalks in Corolla to take a quick bike ride or leisurely walk to the beach access less than 1400 ft away or grocery located only 1 mile to the north.

Last Agent to Sell the Property

Catherine Strachan

Brindley Beach Vacations & Sales-Duck License #246162 Listed on: 10/19/2018

Co-Listed By

Edith Rowe

Brindley Beach Vacations & Sales-Duck License #188824

Last Buyer's Agent

Trisha Midgett

Midgett Realty - Rodanthe License #162204

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,924

Year Built

  • Built in 2007

Lot Details

  • 0.51 Acre Lot
  • Lot Dimensions are 112x200
  • Level Lot

HOA Fees

  • $8 Monthly HOA Fees

Parking

  • Off-Street Parking

Property Views

  • Ocean
  • Views of a Sound
  • Golf Course

Home Design

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

Interior Spaces

  • 3,100 Sq Ft Home
  • Elevator
  • Furnished
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Game Room
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Accessible Home Design

  • Handicap Accessible

Pool

  • In Ground Pool
  • Fiberglass Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Storage Shed

Utilities

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

Listing and Financial Details

  • Tax Lot 55

Community Details

Overview

  • Ocean Sands South Association
  • Ocean Sands Subdivision

Recreation

  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,924

Year Built

Built in 2007

Lot Details

0

HOA Fees

$8 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: Home located on east side of Rt 12 (Oceanside) north of Ocean Way and south of Seashell Lane in Section A of Ocean Sands.
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Elevator, Handicap Friendly, Hot Tub, Outside Shower, Smoke Detector(s), Storage Shed, Sun Deck, Whirlpool/Spa, Inside Laundry Room
  • Flood Zone: X
  • Subdivision Name: Ocean Sands Section A
  • Headline: 5 BD & Elevator on .5 acre lot
  • Heated Sq Ft: 3100
  • L V T Date: 10/19/2018
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: A
  • Waterfront Location: More than 5th row
  • Zoning: Res
  • Advertised Income 2020: 3405
  • Deed Book Pg Number: 712
  • 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, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Refrigerator
  • Bedrooms: 5
  • Countertops: Laminate, Silestone
  • Floor Coverings: Carpet, Ceramic Tile
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Washer Connection
  • Optional Rooms: Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Modular (Pre-Fab)
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Fiberglass, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 112
  • View: Golf Course, Ocean, Sound

Garage/Parking

  • Garage: Carport
  • Parking: Off Street

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Ocean Access
  • Association Fee: Voluntary - Restrictive Covenants May Apply
  • Estimated Annual Fee: 100
  • Hoa Contact: Ocean Sands South

Lot Info

  • Estimated Lot Sq Ft: 22288
  • Lot Description: Level
  • Lot Faces: W
  • Lot Size: 112x200
  • Lot Number: Lot 55
  • Estimated Lot Size: 0.51
  • Deed Book: 1102

Rental Info

  • Est Annual Rental Income: 53210
  • Estimated Rental Performance: 0.109
  • Flood Expenses: 740
  • Lease Terms: Weekly
  • Maintenance Expenses: 1000
  • Other Expenses: 170000
  • Other Expenses2: 200
  • Other Expenses3: 120
  • Other Insurance Expenses: 5759
  • Poolspa Expense: 1625
  • Rental Co: Village Realty
  • Rental Cottage Name: Reel Retreat
  • Rental Cottage Number: OSA02
  • Rental Phone Number: 252-480-2224
  • Rental Turnover Day: Sat
  • Yearly Expense Actual Estimate: Estimated
  • Annual Cable TV Expense: 1050
  • Annual Electric: 3300
  • Annual Telephone Expense: 240
  • Annual Water Expense: 1000
  • Rental Contact Email: obxrentals@villagerealty.com
  • Rental Contact Name: Candy Basnight & Jakob Kessler
  • Rental Contact Phone: 252-480-2224

Building Info

  • Year Built: 2007

Tax Info

  • Year: 2017
  • Taxes: 2924

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2018
Closed on
Mar 11, 2020
Sold by
Kimidy Kenneth M and Kimidy Jane D
Bought by
Singer John William and Singer Katherine Rose
Seller's Agent
Catherine Strachan
Brindley Beach Vacations & Sales-Duck
Buyer's Agent
Trisha Midgett
Midgett Realty - Rodanthe
List Price
$499,000
Sold Price
$488,000
Premium/Discount to List
-$11,000
-2.2%
Current Estimated Value
$912,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$424,702
Avg. Annual Appreciation
11.38%
Original Mortgage
$288,000
Outstanding Balance
$253,965
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$658,737

Purchase Details

Closed on
Aug 31, 2009
Sold by
Jp Morgan Chase Bank National Associatio
Bought by
Kimidy Kenneth M and Kimidy Jane D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,375
Interest Rate
5.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 2009
Sold by
Grube Peter J and Gillig Grube Susan G
Bought by
Jp Morgan Chase Bank National Associatio

Purchase Details

Closed on
Jul 11, 2006
Sold by
Decesare Charles and Decesare Catherine
Bought by
Grube Peter J and Gillig Grube Susan
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Singer John William $488,000 None Available
Kimidy Kenneth M $424,500 None Available
Jp Morgan Chase Bank National Associatio $463,000 None Available
Grube Peter J $290,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Singer John William $288,000
Previous Owner Kimidy Kenneth M $318,375
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2020 03/16/20 Sold $488,000 -2.2% $157 / Sq Ft
12/31/2019 12/31/19 Pending -- -- --
06/25/2019 06/25/19 For Sale $499,000 0.0% $161 / Sq Ft
05/12/2019 05/12/19 Pending -- -- --
04/27/2019 04/27/19 Price Changed $499,000 -2.0% $161 / Sq Ft
03/17/2019 03/17/19 Price Changed $509,000 -1.9% $164 / Sq Ft
02/01/2019 02/01/19 For Sale $519,000 0.0% $167 / Sq Ft
01/23/2019 01/23/19 Pending -- -- --
10/20/2018 10/20/18 Price Changed $519,000 -1.9% $167 / Sq Ft
10/19/2018 10/19/18 For Sale $529,000 -- $171 / 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 $4,109 $509,200 $120,000 $389,200
2024 $4,109 $509,200 $120,000 $389,200
2023 $4,093 $509,200 $120,000 $389,200
2022 $3,077 $509,200 $120,000 $389,200
2021 $3,062 $548,400 $170,000 $378,400
2020 $3,223 $548,400 $170,000 $378,400
2019 $3,219 $548,400 $170,000 $378,400
2018 $3,219 $548,400 $170,000 $378,400
2017 $2,924 $548,400 $170,000 $378,400
2016 $2,920 $548,400 $170,000 $378,400
2015 $2,932 $548,400 $170,000 $378,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 102404

Outer Banks Association of REALTORS®

APN: 126A-000-0055-000A