NOT LISTED FOR SALE

565 Trolling Ln Corolla, NC 27927

Estimated Value: $1,073,000 - $1,564,000

10 Beds
10 Baths
4,872 Sq Ft
$272/Sq Ft Est. Value

Last Sold March 27, 2017

Last sale price $760,000 $156 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $7,792/month

214 Days on Market

Highlights

  • Community Beach Access
  • Heated In Ground Pool
  • Cathedral Ceiling
  • Ocean View
  • Second Refrigerator
  • Hydromassage or Jetted Bathtub

About This Home

As of March 2017

10 Bedroom home. Rental Machine! If you are looking for an oceanside home in Corolla with great ROI, this is it! Double of everything with 2 kitchens, 2 living rooms, 2 rec rooms plus 10 bedrooms and 10 baths. Originally set up as a duplex, the property is opened up and being used as one large 10 bedroom home. At almost 5,000 square feet, there is room for everyone. Pool is VERY large and is also heated. Short walk to the beach and tennis court. Close to shopping, restaurants and golfing. This is a great rental investment property with very high rental income! 2016 Rental Income 117,923. Incredible return on investment!

Last Agent to Sell the Property

Brad Beacham

Landmark Sotheby's International Realty License #194377 Listed on: 07/25/2016

Landmark Sotheby's International Realty

Last Buyer's Agent

Raju Uppalapati

Outer Banks Realty Group License #187530

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,952

Year Built

  • Built in 2005

Lot Details

  • Level Lot

HOA Fees

  • $34 Monthly HOA Fees

Home Design

  • Reverse Style Home
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 4,872 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Gas Fireplace
  • Window Treatments
  • Game Room
  • Ocean Views

Kitchen

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

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • En-Suite Primary Bedroom
  • 10 Full Bathrooms
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tax Lot 252B

Community Details

Overview

  • Association fees include management, road maintenance, tennis courts
  • Ocean Sands Subdivision

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,952

Year Built

Built in 2005

Lot Details

0

HOA Fees

$34 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: Section D Ocean Sands. East on Marlin Way, Left on Trolling
  • Extras: Beach Access, Boardwalk to Beach, Covered Decks, Hot Tub, Jet Tub, Outside Lighting, Outside Shower, Sun Deck
  • Flood Zone: X
  • Headline: Rental Machine...15% GRI/PP
  • Heated Sq Ft: 4872
  • L V T Date: 07/28/2016
  • Roads: Paved
  • Sale/Rent: For Sale
  • Section: D
  • Zoning: Res
  • Deed Book Pg Number: 611
  • Major Subdivision: Ocean Sands
  • Office License Number: C7166
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 10
  • Countertops: Laminate
  • Floor Coverings: Carpet, Ceramic Tile
  • Foundation: Piling
  • Full Bathrooms: 10
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ensuite, Wet Bar
  • Optional Rooms: Game Room

Exterior Features

  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Utilities

  • Cooling: Heat Pump, Zoned
  • Heating: Heat Pump, Zoned
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Management, Road Maintenance, Tennis Courts
  • Association Amenities: Ocean Access, Outdoor-Comm. Tennis
  • Association Fee: Yes
  • Estimated Annual Fee: 410

Lot Info

  • Lot Description: Level
  • Lot Number: Lot 252B
  • Deed Book: 1288

Rental Info

  • Est Annual Rental Income: 123420
  • Estimated Rental Performance: 0.1624
  • Rental Co: VRBO
  • Rental Cottage Name: Corolla Paradise
  • Rental Turnover Day: Sunday

Building Info

  • Year Built: 2005

Tax Info

  • Year: 2016
  • Taxes: 3952

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 17, 2020
Sold by
Emery Michael B
Bought by
Emery Michael B and Kirchhoff Carol Lee
Current Estimated Value
$1,323,471

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,700
Outstanding Balance
$365,565
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$957,906

Purchase Details

Listed on
Jul 25, 2016
Closed on
Mar 22, 2017
Sold by
Dpt Properties Llc
Bought by
Emery Michael B
Seller's Agent
Brad Beacham
Landmark Sotheby's International Realty
Buyer's Agent
Raju Uppalapati
Outer Banks Realty Group
List Price
$807,000
Sold Price
$760,000
Premium/Discount to List
-$47,000
-5.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.70%
Original Mortgage
$424,100
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 27, 2014
Closed on
May 7, 2014
Sold by
Powers Daniel P and Holt Michael D
Bought by
Dpp Properties Llc and Mh40 Properties Llc
Seller's Agent
Wayne Strickland
Stellar Properties
Buyer's Agent
Laura Strickland
Stellar Properties
List Price
$614,900
Sold Price
$564,500
Premium/Discount to List
-$50,400
-8.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.84%
Original Mortgage
$522,325
Interest Rate
4.37%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 27, 2014
Closed on
Apr 7, 2014
Sold by
Wells Fargo Bank National Association
Bought by
Powers Daniel P and Molt Michael D
Seller's Agent
Wayne Strickland
Stellar Properties
Buyer's Agent
Laura Strickland
Stellar Properties
List Price
$614,900
Sold Price
$564,500
Premium/Discount to List
-$50,400
-8.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$522,325
Interest Rate
4.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 1, 2013
Sold by
Mclean Melvin J
Bought by
Wells Fargo Bank National Association

Purchase Details

Closed on
Apr 8, 2010
Sold by
Mclean Melvin
Bought by
Zveibil Robert

Purchase Details

Closed on
Jul 11, 2006
Sold by
R & P Investments Of Virginia Llc
Bought by
Mclean Melvin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
1%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 18, 2005
Sold by
Jones Realty And Construciton Corp
Bought by
R & P Investments Of Virginia Llc
Source: Public Records

Range of Values:

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Average Value
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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
Emery Michael B -- None Available
Emery Michael B $760,000 Attorney
Dpp Properties Llc -- None Available
Powers Daniel P $564,500 None Available
Wells Fargo Bank National Association $721,315 None Available
Zveibil Robert -- None Available
Mclean Melvin J $1,410,000 None Available
R & P Investments Of Virginia Llc $430,000 None Available
Jones Realty & Construction Corp -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Emery Michael B $412,700
Closed Emery Michael B $424,100
Previous Owner Dpp Properties Llc $522,325
Previous Owner Powers Daniel P $522,325
Previous Owner Mclean Melvin J $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/27/2017 03/27/17 Sold $760,000 -5.8% $156 / Sq Ft
02/24/2017 02/24/17 Pending -- -- --
07/25/2016 07/25/16 For Sale $807,000 +43.0% $166 / Sq Ft
05/08/2014 05/08/14 Sold $564,500 -8.2% $115 / Sq Ft View Prior Sale
04/04/2014 04/04/14 Pending -- -- --
02/27/2014 02/27/14 For Sale $614,900 -- $125 / 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 $8,897 $771,500 $180,000 $591,500
2023 $8,897 $771,500 $180,000 $591,500
2022 $6,471 $771,500 $180,000 $591,500
2021 $5,678 $615,500 $160,000 $455,500
2020 $4,651 $615,500 $160,000 $455,500
2019 $4,673 $615,500 $160,000 $455,500
2018 $4,673 $615,500 $160,000 $455,500
2017 $4,345 $615,500 $160,000 $455,500
2016 $3,952 $615,500 $160,000 $455,500
2015 $3,633 $615,500 $160,000 $455,500
Source: Public Records

Agents Affiliated with this Home

  • Brad Beacham

    Seller's Agent in 2017

    Brad Beacham

    Landmark Sotheby's International Realty

    (252) 202-6920

    12 in this area

    190 Total Sales

    Brad Beacham
    Section Image
  • Raju Uppalapati

    Buyer's Agent in 2017

    Raju Uppalapati

    Outer Banks Realty Group

    (252) 305-0707

    64 in this area

    88 Total Sales

    Raju Uppalapati
    Section Image

  • W

    Seller's Agent in 2014

    Wayne Strickland

    Stellar Properties

    Section Image
  • Laura Strickland

    Seller Co-Listing Agent in 2014

    Laura Strickland

    Stellar Properties

    (252) 489-9218

    1 in this area

    29 Total Sales

    Laura Strickland
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 93232

Outer Banks Association of REALTORS®

APN: 126A-000-252B-000D

North Carolina Currituck County Corolla 27927

565 Trolling Ln, Corolla, NC

This home is located at 565 Trolling Ln, Corolla, NC 27927 since 25 July 2016 and is currently estimated at $1,323,471, approximately $271 per square foot. This property was built in 2005. 565 Trolling Ln is a home located in Currituck County with nearby schools including Knotts Island Elementary School, Currituck County Middle School, and Currituck County High School.

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