NOT LISTED FOR SALE

702 Canal Rd Corolla, NC 27927

Estimated Value: $501,000 - $567,000

3 Beds
2.5 Baths
1,520 Sq Ft
$356/Sq Ft Est. Value

Last Sold November 25, 2019

Last sale price $290,000 $191 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $3,081/month

215 Days on Market

Highlights

  • Ocean View
  • Cathedral Ceiling
  • Furnished
  • Coastal Architecture
  • Wood Flooring
  • Screened Porch

About This Home

As of November 2019

A must see Old Nags Head style beach cottage! Nestled in a very quiet and peaceful section of Swan beach, this 2005 home was built with the classic look of the Outer Banks. The exterior is finished with red cedar shakes. With covered wrap around porches with built in benches, there is always a spot to find a breeze or quiet place to relax. Inside there are 3 bedrooms, 2.5 baths with finishes such as wide plank Cypress hardwood floors with exposed staples, wash-worn cabinets, cathedral ceilings, a large great room with access to a screened-in porch with limited horizon ocean and sound views. This is a great rental or second home. There's a workshop on the lower level with room to store an ATV. A new water treatment system was added recently. House is located in the X flood zone so flood insurance should be voluntary. Don't miss this one! Get away from it all in this cozy little getaway cottage with horizon views of the ocean and sound. Take a 10-minute stroll to the beach or just stay put and relax for a restful, no distractions vacation. Approximately 3.3 miles up the beach. Please view the Tour by clicking the link above or cut/paste into your browser: http://bit.ly/702CanalRdTour

Last Agent to Sell the Property

Robert Ladd

Twiddy and Co. - Duck License #64016 Listed on: 03/11/2019

Last Buyer's Agent

Len Cusato

Keller Williams - Outer Banks License #284979

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,395

Year Built

  • Built in 2005

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 100x165
  • Lot includes common area
  • Level Lot
  • Unpaved Streets

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 1,520 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • Workshop
  • Screened Porch
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • Unpaved Parking
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Covered Deck

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Water Filtration System
  • Private Water Source
  • Well
  • Private or Community Septic Tank

Community Details

  • Swan Beach Subdivision

Listing and Financial Details

  • Tax Lot 59

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,395

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Nags Head, Coastal
  • Extras: Ceiling Fan(s), Covered Decks, Outside Shower, Screened Porch, Smoke Detector(s), Water Filter
  • Flood Zone: X
  • Headline: Old Nags Head Style Home
  • Heated Sq Ft: 1520
  • L V T Date: 03/13/2019
  • Roads: Public, Unpaved
  • Sale/Rent: For Sale
  • Section: 2
  • Zoning: Res
  • Deed Book Pg Number: 01
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • 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: 3
  • Countertops: Laminate
  • Floor Coverings: Carpet, Tile, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Ensuite, Some Windows Treated
  • Optional Rooms: Workshop
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Shakes, Wood
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 100
  • View: Ocean, Sound

Garage/Parking

  • Parking: Off Street, Unpaved

Utilities

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

Lot Info

  • Estimated Lot Sq Ft: 16500
  • Lot Description: Adj. To Common Area, Level
  • Lot Size: 100x165
  • Lot Number: Lot 59
  • Estimated Lot Size: 0.38
  • Deed Book: 1321

Rental Info

  • Est Annual Rental Income: 20265
  • Estimated Rental Performance: 0.0699
  • Lease Terms: Weekly
  • Other Expenses: 46100
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Hideaway
  • Rental Cottage Number: S90702T
  • Rental Phone Number: 252-457-1100
  • Rental Turnover Day: Sunday
  • Rental Contact Email: jkavanaugh@twiddy.com
  • Rental Contact Name: Jen Kavanaugh
  • Rental Contact Phone: 252-457-1169

Building Info

  • Year Built: 2005

Tax Info

  • Year: 2018
  • Taxes: 1395

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2019
Closed on
Nov 25, 2019
Sold by
Hagen Grant J and Hagen Brandy M
Bought by
Bunch Gretchen M and Revocable Trust Of Gretchen M
Seller's Agent
Robert Ladd
Twiddy and Co. - Duck
Buyer's Agent
Len Cusato
Keller Williams - Outer Banks
List Price
$309,900
Sold Price
$290,000
Premium/Discount to List
-$19,900
-6.42%
Current Estimated Value
$554,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$264,121
Avg. Annual Appreciation
10.67%
Original Mortgage
$232,000
Outstanding Balance
$202,795
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$338,231

Purchase Details

Listed on
Feb 8, 2015
Closed on
Mar 25, 2015
Sold by
Old North State Trust Llc
Bought by
Hagen Grant J and Hagen Brandy M
Seller's Agent
Jason Summerton
Twiddy and Company - Wash Woods
Buyer's Agent
Robert Ladd
Twiddy and Co. - Duck
List Price
$299,900
Sold Price
$275,000
Premium/Discount to List
-$24,900
-8.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.14%
Original Mortgage
$220,000
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2012
Sold by
Southern Bank & Trust Company
Bought by
Old North State Trust Llc

Purchase Details

Closed on
Sep 8, 2005
Sold by
Cc & W Llc
Bought by
Bank Of The Commonwealth
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bunch Gretchen M $290,000 None Available
Hagen Grant J $275,000 None Available
Old North State Trust Llc -- None Available
Bank Of The Commonwealth $430,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bunch Gretchen M $232,000
Previous Owner Hagen Grant J $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/25/2019 11/25/19 Sold $290,000 -6.4% $191 / Sq Ft
10/12/2019 10/12/19 Pending -- -- --
03/11/2019 03/11/19 For Sale $309,900 +12.7% $204 / Sq Ft
03/27/2015 03/27/15 Sold $275,000 -8.3% $181 / Sq Ft View Prior Sale
02/27/2015 02/27/15 Pending -- -- --
02/08/2015 02/08/15 For Sale $299,900 -- $197 / 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 $2,198 $311,800 $36,800 $275,000
2024 $2,198 $311,800 $36,800 $275,000
2023 $2,189 $311,800 $36,800 $275,000
2022 $1,737 $311,800 $36,800 $275,000
2021 $1,735 $249,200 $46,100 $203,100
2020 $1,400 $249,200 $46,100 $203,100
2019 $1,395 $249,200 $46,100 $203,100
2018 $1,395 $249,200 $46,100 $203,100
2017 $1,359 $249,200 $46,100 $203,100
2016 $1,318 $249,200 $46,100 $203,100
2015 $1,317 $249,200 $46,100 $203,100
Source: Public Records

Agents Affiliated with this Home

  • Robert Ladd

    Seller's Agent in 2019

    Robert Ladd

    Twiddy and Co. - Duck

    (252) 202-8311

    3 in this area

    46 Total Sales

    Robert Ladd
    Section Image
  • Len Cusato

    Buyer's Agent in 2019

    Len Cusato

    Keller Williams - Outer Banks

    (252) 489-3065

    110 in this area

    163 Total Sales

    Len Cusato
    Section Image
  • Jason Summerton

    Seller's Agent in 2015

    Jason Summerton

    Twiddy and Company - Wash Woods

    (252) 202-0105

    338 in this area

    373 Total Sales

    Jason Summerton
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 104147

Outer Banks Association of REALTORS®

APN: 101A-000-0059-0002

North Carolina Currituck County Corolla 27927

702 Canal Rd, Corolla, NC

Not Listed for Sale

Detached

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