NOT LISTED FOR SALE

550 Ocean Trail Corolla, NC 27927

Estimated Value: $697,000 - $791,000

0.63 Acre
$1,195,565 Price per Acre
27,400 Sq Ft Lot

Last Sold July 19, 2013

Last sale price $105,000

Est. 616% increase in value since last sale

Current estimated payment $4,201/month

105 Days on Market

Highlights

  • Golf Course View
  • Timber
  • Level Lot

About This Lot

As of July 2013

GREAT PRICE for this LOT - 7 back from the oceanfront. Flood zone X !!. Large oversized (half acre +) lot looking out over #3 Hole Fairway of The Currituck Club. Mature pines and live oaks. Direct beach access street down Seashell Lane in Sec. B of Ocean Sands South. Great location without the high price. 2 story home will have golf course and ocean views.

Last Agent to Sell the Property

Ronald Barrett

Brindley Beach Vacations & Sales - Cor License #94054 Listed on: 03/06/2013

Last Buyer's Agent

Paul Sabadash

Sun Realty - Corolla License #119788

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $829

Lot Details

  • 0.63 Acre Lot
  • Lot Dimensions are 100x274
  • Level Lot
  • Irregular Lot

Property Views

  • Golf Course
  • Park or Greenbelt

Farming

  • Timber

Utilities

  • Municipal Utilities District Water
  • Private Sewer

Community Details

Overview

  • Ocean Sands Subdivision

Recreation

  • Community Boardwalk

Property Details

Property Type

Land

Est. Annual Taxes

$829

Lot Details

0

Listing Details

  • Class: LOTS/LAND
  • Directions: Hwy 12 N past the S Entrance of Currituck Club. Lot is on W side-directly across from Sec. B access
  • Subdivision Name: Ocean Sands South
  • Headline: FLOOD ZONE X !!
  • Roads: Public, Paved
  • Sale/Rent: For Sale
  • Section: B
  • Waterfront Location: More than 5th row
  • Zoning: Res
  • Timber: Light
  • Deed Book Pg Number: 590
  • Major Subdivision: Ocean Sands
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Street Frontage: 100
  • View: Park Serv./Preserve

Utilities

  • Sewer/Septic System: Private Sewer
  • Water: Municipal
  • Electric: Available

Condo/Co-op/Association

  • Association Amenities: Boardwalk to Beach

Lot Info

  • Estimated Lot Sq Ft: 27400
  • Lot Description: Golf Course Frontage, Irregular Terrain, Level
  • Lot Size: 100x274
  • Deed Book: 379
  • Unit/Lot Number: Lot #131

Tax Info

  • Year: 2012
  • Taxes: 829.44

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2013
Closed on
Jun 26, 2013
Sold by
Barrett Ronald C
Bought by
Defeo Robert Anthony and Robert Anthony Defeo Revocable Living Tr
Seller's Agent
Ronald Barrett
Brindley Beach Vacations & Sales - Cor
Buyer's Agent
Paul Sabadash
Sun Realty - Corolla
List Price
$129,000
Sold Price
$105,000
Premium/Discount to List
-$24,000
-18.6%
Current Estimated Value
$752,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$647,031
Avg. Annual Appreciation
17.10%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Defeo Robert Anthony $105,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2013 07/19/13 Sold $105,000 -18.6% --
06/19/2013 06/19/13 Pending -- -- --
03/06/2013 03/06/13 For Sale $129,000 -- --
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 $3,281 $399,200 $77,000 $322,200
2024 $3,281 $399,200 $77,000 $322,200
2023 $2,930 $399,200 $77,000 $322,200
2022 $2,391 $382,700 $77,000 $305,700
2021 $2,204 $381,700 $105,000 $276,700
2020 $2,296 $381,700 $105,000 $276,700
2019 $2,296 $381,700 $105,000 $276,700
2018 $0 $381,700 $105,000 $276,700
2017 $2,082 $381,700 $105,000 $276,700
2016 $2,082 $381,700 $105,000 $276,700
2015 $2,082 $358,500 $105,000 $253,500
Source: Public Records

Agents Affiliated with this Home

  • Ronald Barrett

    Seller's Agent in 2013

    Ronald Barrett

    Brindley Beach Vacations & Sales - Cor

    (252) 202-8999

    35 in this area

    40 Total Sales

    Ronald Barrett
    Section Image
  • Paul Sabadash

    Buyer's Agent in 2013

    Paul Sabadash

    Sun Realty - Corolla

    (252) 722-3120

    31 in this area

    34 Total Sales

    Paul Sabadash
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 78100

Outer Banks Association of REALTORS®

APN: 126A-000-0131-000B

North Carolina Currituck County Corolla 27927

550 Ocean Trail, Corolla, NC

Not Listed for Sale

Lots

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