NOT LISTED FOR SALE

540 Breakers Arch Corolla, NC 27927

Estimated Value: $2,057,000 - $2,625,000

0.69 Acre
$3,437,077 Price per Acre
30,013 Sq Ft Lot

Last Sold August 20, 2014

Last sale price $1,050,000

Est. 121% increase in value since last sale

Current estimated payment $13,061/month

42 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Cul-De-Sac

About This Lot

As of August 2014

Excellent Oceanfront Lot in very desirable Ocean Sands South ! Vacationers love the Courtside Setting of Ocean Sands Sections A,B,C. An Oceanfront Site with 100' Waterfrontage on a Cul-de-sac, with more privacy on the Beach and less traffic on the Street. Dynamite Value on this Ideal High Setting for Beautiful Ocean Views. High capacity Lot Size, like 8 or 9 or 10 Bedroom Beach Homes that have recently been built !

Last Agent to Sell the Property

Paul Sabadash

Sun Realty - Corolla License #119788 Listed on: 06/15/2014

Last Buyer's Agent

Jim Heinrich

Default, Office License #151664

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,040

Lot Details

  • Lot Dimensions are 100 x 300
  • Beach Front
  • 100 Feet of Waterfront
  • Cul-De-Sac

Property Views

  • Ocean Views

Community Details

  • Ocean Sands Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$4,040

Lot Details

0

Listing Details

  • Class: LOTS/LAND
  • Directions: Ocean Sands Sec A: OceanWay; Next Left: BreakersArch; Oceanfront: South side of Community Walkway.
  • Flood Zone: VE
  • Subdivision Name: Ocean Sands Sections A,B,C aka Ocean Sands South
  • Headline: Wonderful Oceanfront Lot
  • Roads: Public, Paved
  • Sale/Rent: For Sale
  • Section: A
  • Waterfront Location: Oceanfront
  • Zoning: RES
  • Deed Book Pg Number: 0110
  • Major Subdivision: Ocean Sands
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Street Frontage: 100
  • View: Ocean
  • Water Frontage: 100

Utilities

  • Electric: Available

Lot Info

  • Lot Description: Beach Frontage, Cul-de-sac, Water Frontage
  • Lot Size: 100 x 300
  • Deed Book: 0745
  • Unit/Lot Number: Lot 40 Sec A

Tax Info

  • Year: 2013
  • Taxes: 4040

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2014
Closed on
Aug 18, 2014
Sold by
Kain Michael R and Kain Marlana
Bought by
Grier Steven Craig and Grier Donna Haley
Seller's Agent
Paul Sabadash
Sun Realty - Corolla
Buyer's Agent
Jim Heinrich
Default, Office
List Price
$1,100,000
Sold Price
$1,050,000
Premium/Discount to List
-$50,000
-4.55%
Current Estimated Value
$2,318,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,268,787
Avg. Annual Appreciation
7.40%
Original Mortgage
$735,000
Outstanding Balance
$558,847
Interest Rate
4.19%
Mortgage Type
Commercial
Estimated Equity
$1,809,299
Source: Public Records
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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
Grier Steven Craig $1,050,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grier Steven Craig $735,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/20/2014 08/20/14 Sold $1,050,000 -4.5% --
07/27/2014 07/27/14 Pending -- -- --
06/15/2014 06/15/14 For Sale $1,100,000 -- --
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
2025 $11,231 $1,535,400 $850,000 $685,400
2024 $11,231 $1,535,400 $850,000 $685,400
2023 $11,215 $1,535,400 $850,000 $685,400
2022 $8,267 $1,535,400 $850,000 $685,400
2021 $8,252 $1,409,600 $833,000 $576,600
2020 $7,741 $1,409,600 $833,000 $576,600
2019 $7,741 $1,409,600 $833,000 $576,600
2018 $7,741 $1,409,600 $833,000 $576,600
2017 $7,016 $1,409,600 $833,000 $576,600
2016 $7,016 $1,409,600 $833,000 $576,600
2015 $4,728 $833,000 $833,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 84107

Outer Banks Association of REALTORS®

APN: 126A-000-0040-000A