NOT LISTED FOR SALE

555 Trolling Ln Corolla, NC 27927

Estimated Value: $669,000 - $778,000

4 Beds
3 Baths
1,659 Sq Ft
$439/Sq Ft Est. Value

Last Sold May 21, 2015

Last sale price $320,000 $193 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $4,347/month

36 Days on Market

Highlights

  • Community Beach Access
  • Wooded Lot
  • Furnished
  • Coastal Architecture
  • Corner Lot
  • Screened Porch

About This Home

As of May 2015

These are the original owners! Years ago, they had the home in a vacation rental program for several years, but removed it because they didn't like the 'wear and tear' the home experienced as a result! They have enjoyed it themselves through the years and have many fond memories of family vacations and holidays here! The four bedrooms are located on the first level. This home is located in an 'X' FLOOD ZONE, WHICH MEANS THAT FLOOD INSURANCE IS NOT REQUIRED! THE HOME IS SITUATED ON ONE HALF OF THIS LARGE CORNER PROPERTY (please see the survey in Associated Docs.), so there is PLENTY OF ROOM FOR AN ADDITION, A POOL, OR BOTH! The vacant part of the lot is wooded and provides a nice buffer from the neighbors to the east. The Seller states that they did have an ocean view before the trees matured, so perhaps that could be recaptured should your Buyer desire. This house is SPARKLING, as the Sellers have just had the exterior and decks power (gentle) washed, the lawn care service has mowed, and the windows and screens have been cleaned! It is an easy walk to the beach boardwalk access, AND there is a beach cart provided to haul your chairs, cooler, towels and toys. You will see that there are TWO outdoor shower stalls! The house conveys with everything as you see it: All furniture, pictures, lamps, accessories, books, bedding, bedspreads, and beach toys! It is a short walk to the TENNIS COURTS AND THE LIFEGUARDED BEACH ACCESS! SECTION D OFFERS THE ONLY BEACH ACCESS THAT HAS A LIFEGUARD ON DUTY IN THE SUMMER! The homesites in Section D are larger than in many other sections of Ocean Sands...and this location is GREAT! When you walk out to Marlin Way from the back of the house, it is a STRAIGHT SHORT WALK TO THE BOARDWALK BEACH ACCESS....LOCATION...LOCATION!

Last Agent to Sell the Property

Barbara Gudoski

Atlantic Realty License #104070 Listed on: 02/27/2015

Co-Listed By

John Bone

Default, Office License #176701

Last Buyer's Agent

John Leatherwood

Coldwell Banker Seaside Realty KH License #86507

Coldwell Banker Seaside Realty KH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,971

Year Built

  • Built in 1988

Lot Details

  • 9,000 Sq Ft Lot
  • Lot Dimensions are 100.2 x 90.2
  • Landscaped
  • Corner Lot
  • Level Lot
  • Wooded Lot

HOA Fees

  • $32 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Piling Construction

Interior Spaces

  • 1,659 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Living Room
  • Dining Room
  • Screened Porch
  • Utility Room
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Tuck Under Parking
  • Paved Parking

Outdoor Features

  • Outdoor Shower
  • Sun Deck

Utilities

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

Listing and Financial Details

  • Tax Lot 251C

Community Details

Overview

  • Association fees include common electric, common insurance, management, road maintenance, security, tennis courts, walkways
  • Robert Defazio, Sr. Association, Phone Number (252) 619-8351
  • Built by Mark Sullivan
  • Ocean Sands Subdivision

Amenities

  • Common Area

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,971

Year Built

Built in 1988

Lot Details

0

HOA Fees

$32 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Directions: North (or South from Corolla) on Ocean Trail to Section D of Ocean Sands; Turn East onto Marlin Way then left onto Trolling Ln. House on NE corner, with a STRAIGHT SHORT WALK TO THE BEACH ACCESS...complete with wooden steps and walkway!
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Landscaped, Outside Shower, Screened Porch, Smoke Detector(s), Sun Deck
  • Subdivision Name: Ocean Sands
  • Headline: PRICE REDUCED/TAKE A LOOK!
  • Heated Sq Ft: 1659
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: D
  • Waterfront Location: More than 5th row
  • Zoning: Res
  • Deed Book Pg Number: 557
  • Major Subdivision: Ocean Sands
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 4
  • Kitchen: On Level: 2
  • Countertops: Laminate
  • Floor Coverings: Carpet, Vinyl
  • Foundation: Piling
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Dryer Connection, Washer Connection, Wood Fireplace
  • Dining Room: On Level: 2
  • Living Room: On Level: 2
  • Optional Rooms: Utility Room

Exterior Features

  • Homebuilder: Mark Sullivan
  • Construction: Frame, Wood
  • Exterior: Lap Siding
  • Roof: Asphalt/Fiber Shingle
  • Screen Porch Size: Nice!

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Under

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Management, Road Maintenance, Security, Tennis Courts, Walkways
  • Association Amenities: Ocean Access, Outdoor-Comm. Tennis, Board Walk, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 380
  • Hoa Contact: Robert DeFazio, Sr.
  • HOA Contact: 252-619-8351
  • Home Owner Dwelling Insurance: 545

Lot Info

  • Estimated Lot Sq Ft: 9000
  • Lot Description: Corner, Level, Wooded
  • Lot Size: 100.2 X 90.2
  • Lot Number: Lot 251C
  • Deed Book: 231

Rental Info

  • Est Annual Rental Income: 20600
  • Estimated Rental Performance: 0.0644
  • Other Expenses: 160000
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 467
  • Annual Electric: 458
  • Annual Water Expense: 365

Building Info

  • Year Built: 1988

Tax Info

  • Year: 2014
  • Taxes: 1970.65

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2015
Closed on
May 22, 2015
Sold by
Elrefai Malak and Elrefai Ahmed
Bought by
Gibson Brian T and Gibson Theresa L
Seller's Agent
Barbara Gudoski
Atlantic Realty
Buyer's Agent
John Leatherwood
Coldwell Banker Seaside Realty KH
List Price
$349,900
Sold Price
$320,000
Premium/Discount to List
-$29,900
-8.55%
Current Estimated Value
$728,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$408,244
Avg. Annual Appreciation
8.23%
Original Mortgage
$288,000
Outstanding Balance
$222,427
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$505,817
Source: Public Records

Range of Values:

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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
Gibson Brian T $320,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gibson Brian T $288,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2015 05/21/15 Sold $320,000 -8.5% $193 / Sq Ft
04/04/2015 04/04/15 Pending -- -- --
02/27/2015 02/27/15 For Sale $349,900 -- $211 / 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
2024 $5,445 $465,200 $170,000 $295,200
2023 $5,445 $465,200 $170,000 $295,200
2022 $3,985 $465,200 $170,000 $295,200
2021 $3,505 $391,300 $160,000 $231,300
2020 $2,970 $391,300 $160,000 $231,300
2019 $2,512 $314,800 $160,000 $154,800
2018 $2,544 $314,800 $160,000 $154,800
2017 $2,368 $314,800 $160,000 $154,800
2016 $2,140 $314,800 $160,000 $154,800
2015 $1,972 $314,800 $160,000 $154,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 86949

Outer Banks Association of REALTORS®

APN: 126A-000-251C-000D