NOT LISTED FOR SALE

788 Sunset Blvd Corolla, NC 27927

Estimated Value: $891,771

0.03 Acre
$29,725,700 Price per Acre
1,307 Sq Ft Lot

Last Sold December 12, 2012

Last sale price $100,000

Est. 792% increase in value since last sale

Current estimated payment $5,178/month

44 Days on Market

About This Lot

As of December 2012

Commercial opportunity in the finest shopping center on the Northern Beaches. Prime location in the middle of TimBuck II shopping center. TimBuck II is a robust commercial location with great visibility and many attractions. Located in Corolla which has limited commercial development, TimBuck II is a premier destination in this vacation community. Lot will accomodate a stand alone commercial building with business possibilites. Property has been approved as a coffee shop location. Owner has completed designs for a 2 story building with tower for this property. Designs are available with the purchase of this property. The proposed coffee shop building has 2 floors of commercial space with an optional room in the tower that could be used as an office.

Last Agent to Sell the Property

Brad Beacham

Landmark Sotheby's Internation License #194377 Listed on: 08/11/2012

Landmark Sotheby's Internation

Last Buyer's Agent

Daniel Martier

Ford Luxury Properties, LLC License #212645

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $251

Lot Details

  • 1,307 Sq Ft Lot
  • Level Lot
  • Property is zoned Commercial

HOA Fees

  • $212 Monthly HOA Fees

Utilities

  • Municipal Utilities District Water
  • Community Sewer or Septic

Community Details

  • Timbuck Ii Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$251

Lot Details

0

HOA Fees

$212 per month

Listing Details

  • Class: LOTS/LAND
  • Directions: In Corolla....TimBuckII Shopping Center
  • Subdivision Name: Timbuck II
  • Headline: TimbuckII Opportunity!
  • Roads: Paved
  • Sale/Rent: For Sale
  • Zoning: Commercial
  • Deed Book Pg Number: 727
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • Sewer/Septic System: Community Septic
  • Water: Municipal

Condo/Co-op/Association

  • Association Fee: Yes
  • Estimated Annual Fee: 2538

Lot Info

  • Estimated Lot Sq Ft: 1307
  • Lot Description: Level
  • Lot Faces: E
  • Deed Book: 512
  • Unit/Lot Number: Lot # 17

Tax Info

  • Year: 2012
  • Taxes: 251

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 3, 2020
Sold by
Vornadore Kerry and Vornadore Florence P
Bought by
Yo Ho Town Inc
Current Estimated Value
$891,771

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 11, 2012
Closed on
Nov 16, 2012
Sold by
Zipay John W and Zipay Sylvia J
Bought by
Vornadore Kerry and Vornadore Florence P
Seller's Agent
Brad Beacham
Landmark Sotheby's Internation
Buyer's Agent
Daniel Martier
Ford Luxury Properties, LLC
List Price
$109,000
Sold Price
$100,000
Premium/Discount to List
-$9,000
-8.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.22%
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
Yo Ho Town Inc $500,000 None Available
Vornadore Kerry $100,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Yo Ho Town Inc $415,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2012 12/12/12 Sold $100,000 -8.3% --
09/24/2012 09/24/12 Pending -- -- --
08/11/2012 08/11/12 For Sale $109,000 -- --
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 $3,690 $424,600 $122,500 $302,100
2024 $3,690 $424,600 $122,500 $302,100
2023 $3,158 $424,600 $122,500 $302,100
2022 $2,558 $424,600 $122,500 $302,100
2021 $2,522 $177,000 $26,100 $150,900
2020 $938 $177,000 $26,100 $150,900
2019 $938 $177,000 $26,100 $150,900
2018 $938 $177,000 $26,100 $150,900
2017 $850 $177,000 $26,100 $150,900
2016 $850 $177,000 $26,100 $150,900
2015 $905 $269,400 $26,100 $243,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 75896

Outer Banks Association of REALTORS®

APN: 116D-000-0017-0000