NOT LISTED FOR SALE

554 Trolling Ln Corolla, NC 27927

Estimated Value: $586,000 - $703,453

4 Beds
2 Baths
1,556 Sq Ft
$402/Sq Ft Est. Value

Last Sold March 18, 2020

Last sale price $295,000 $190 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $3,662/month

115 Days on Market

Highlights

  • Community Beach Access
  • Coastal Architecture
  • Loft
  • Ocean View
  • Cathedral Ceiling
  • Furnished

About This Home

As of March 2020

Adorable, affordable, classic beach cottage! And only steps to the wide, beautiful Corolla beaches. This home has been used as a second home/non-rental, so little wear and tear and very well maintained. Nice layout with living area, dining, and kitchen on the main level, along with two bedrooms and one full bath. Juniper wood walls, gas fireplace (not currently hooked up) for those cooler evenings at the beach, and great kitchen/dining area for gathering everyone together. Top floor offers two additional spacious bedrooms and another full bathroom. Great screened porch off kitchen area for al fresco dining and enjoying the ocean breezes and a really great sun deck for lounging too. Huge storage areas on the ground floor for all your beach toys like bikes, kayaks, beach chairs, and more. Close to the Corolla Greenway Trail and a super short walk to the beach (direct access) and close to all the wonderful Corolla shops and restaurants, and the community tennis courts too. This is a great location for a second home or a desirable rental (rental projection coming). May be room for a pool (new survey needed and permitting required to be certain). Easy to show. Be sure to check out the virtual tour by clicking link or cut/paste into browser: https://my.matterport.com/show/?m=JVTLLVngMXH&mls=1

Last Agent to Sell the Property

Heather McLay

OBX Homes License #188982 Listed on: 09/27/2019

OBX Homes

Co-Listed By

Ashley Ladd

Twiddy and Co. - Duck License #276643

Last Buyer's Agent

Matt Huband

OBX Realty Group, LLC License #223529

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,284

Year Built

  • Built in 1987

Lot Details

  • Level Lot

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • Tuck Under Parking

Home Design

  • Coastal Architecture
  • Saltbox Architecture
  • Cottage
  • Frame Construction
  • Asphalt Shingled Roof
  • Shake Siding
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 1,556 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Loft
  • Screened Porch
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Sun Deck
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District for Water and Sewer

Listing and Financial Details

  • Tax Lot 257C

Community Details

Overview

  • Association fees include management, walkways
  • Ocean Sands Subdivision

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,284

Year Built

Built in 1987

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Saltbox, Coastal, Cottage
  • Directions: From Rt 12 turn east on Marlin Way and then take a left and the house will be on the left.
  • Extras: Beach Access, Ceiling Fan(s), Outside Lighting, Outside Shower, Screened Porch, Sun Deck
  • Headline: Perfect Beach Retreat!
  • Heated Sq Ft: 1556
  • L V T Date: 09/27/2019
  • Roads: Paved
  • Sale/Rent: For Sale
  • Section: D
  • Zoning: res
  • Deed Book Pg Number: 78
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Ocean Sands
  • Newpoint Media: Yes
  • Office License Number: C4556
  • 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, Washer
  • Bedrooms: 4
  • Countertops: Laminate
  • Floor Coverings: Carpet, Vinyl
  • Foundation: Piling
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Washer Connection
  • Optional Rooms: Loft

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Shakes, Vinyl
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Under

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Management, Walkways
  • Association Amenities: Ocean Access, Outdoor-Comm. Tennis, Board Walk
  • Association Fee: Yes
  • Estimated Annual Fee: 600

Lot Info

  • Lot Description: Level
  • Lot Number: Lot 257C
  • Deed Book: 1209

Rental Info

  • Est Annual Rental Income: 19759
  • Estimated Rental Performance: 0.067

Building Info

  • Year Built: 1987

Tax Info

  • Year: 2019
  • Taxes: 2284.11

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 2, 2023
Sold by
Mayo Charles R and Mayo Judy S
Bought by
Mayo Living Trust and Mayo
Current Estimated Value
$625,613

Purchase Details

Listed on
Sep 27, 2019
Closed on
Mar 11, 2020
Sold by
Errico Phyllis A and Errico Nancy E
Bought by
Mayo Charles R and Mayo Judy S
Seller's Agent
Heather McLay
OBX Homes
Buyer's Agent
Matt Huband
OBX Realty Group, LLC
List Price
$319,000
Sold Price
$295,000
Premium/Discount to List
-$24,000
-7.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.86%
Original Mortgage
$200,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 2012
Sold by
Errico Audrey L
Bought by
Errico Phyllis A and Errico Nancy E
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
Mayo Living Trust -- None Listed On Document
Mayo Living Trust -- None Listed On Document
Mayo Charles R $295,000 None Available
Errico Phyllis A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mayo Charles R $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/18/2020 03/18/20 Sold $295,000 -7.5% $190 / Sq Ft
01/20/2020 01/20/20 Pending -- -- --
09/27/2019 09/27/19 For Sale $319,000 -- $205 / 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 $4,123 $340,200 $150,000 $190,200
2024 $4,123 $340,200 $150,000 $190,200
2023 $4,107 $340,200 $150,000 $190,200
2022 $3,032 $340,200 $150,000 $190,200
2021 $2,509 $291,900 $135,000 $156,900
2020 $2,284 $291,900 $135,000 $156,900
2019 $2,284 $291,900 $135,000 $156,900
2018 $0 $291,900 $135,000 $156,900
2017 $2,147 $291,900 $135,000 $156,900
2016 $1,943 $291,900 $135,000 $156,900
2015 -- $291,900 $135,000 $156,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 106697

Outer Banks Association of REALTORS®

APN: 126A-000-257C-000D