NOT LISTED FOR SALE

871 Lookout Way Corolla, NC 27927

Estimated Value: $673,000 - $765,000

4 Beds
3.5 Baths
2,050 Sq Ft
$350/Sq Ft Est. Value

Last Sold June 09, 2022

Last sale price $599,900 $293 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $4,107/month

35 Days on Market

Highlights

  • Boat Dock
  • Outdoor Pool
  • Coastal Architecture
  • Health Club
  • Clubhouse
  • Cathedral Ceiling

About This Home

As of June 2022

Here's your chance to own a new beach home for under $600,000 in Corolla! This 4 bedrooms 3 full baths 1 half baths home situated in the Monteray Shores community in Corolla. The fourth bedroom can be converted to a rec room with a wet bar. This home will be built with the latest SMART technology, front door camera, control the lights with your app, water sensors on all floors and televisions are hard-wired. No maintenance to worry about for years to come with new construction. No lot or construction loan needed. This is a turnkey package and will be ready for next summer rentals. Home comes with a one-year builder warranty, as well as a 4 year New Construction American Home Shield Warranty for years 2-5. Great for permanent residency, second home, or investment property. Community amenities include boat dock, clubhouse, health club, outdoor pool and tennis courts, playground and sound access. Monteray Shores has so much to offer you or your guests. Spend some time in the Currituck Sound kayaking, crabbing, paddle boarding and when you're done for the day and just want to sit back to take it all in, the sunsets are extraordinary.

Last Agent to Sell the Property

Raju Uppalapati

Outer Banks Realty Group License #187530 Listed on: 09/07/2021

Co-Listed By

Iryna Snyder

Outer Banks Realty Group License #313743

Last Buyer's Agent

Stephanie Omphalius

Outer Banks Realty Group License #325467

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $371

Year Built

  • Built in 2022

Lot Details

  • 8,276 Sq Ft Lot
  • Property fronts a private road
  • Fenced Yard
  • Landscaped
  • Level Lot

HOA Fees

  • $84 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Frame Construction
  • Asphalt Shingled Roof
  • Siding
  • Piling Construction

Interior Spaces

  • 2,050 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Electric Fireplace
  • Park or Greenbelt Views

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Tuck Under Parking
  • Off-Street Parking

Pool

  • Outdoor Pool
  • Outdoor Shower

Outdoor Features

  • Sun Deck

Utilities

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

Listing and Financial Details

  • Tax Lot 34

Community Details

Overview

  • Association fees include management, pool, road maintenance, tennis courts
  • Kathy Scott Association, Phone Number (252) 722-2722
  • Monteray Shores Subdivision

Amenities

  • Clubhouse

Recreation

  • Boat Dock
  • Health Club
  • Tennis Courts
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$371

Year Built

Built in 2022

Lot Details

0

HOA Fees

$84 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Extras: Ceiling Fan(s), Fenced Yard, Landscaped, Outside Shower, Sun Deck, Dry Entry, Inside Laundry Room
  • Flood Zone: X
  • Headline: New Under $600K in Corolla!
  • Heated Sq Ft: 2050
  • L V T Date: 09/07/2021
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Zoning: Res
  • Deed Book Pg Number: 223
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C25379
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 4
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Vinyl Tile
  • Foundation: Piling
  • Full Bathrooms: 3
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Ensuite, Electric Fireplace
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Composite Siding
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Park Serv/Preserve

Garage/Parking

  • Garage: 1 Car, Attached
  • Parking: Paved, Off Street, Under

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Management, Pool, Road Maintenance, Tennis Courts
  • Association Amenities: Boat Ramp, Clubhouse, Health Club, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Sound Access
  • Association Fee: Yes
  • Estimated Annual Fee: 1010
  • Hoa Contact: Kathy Scott
  • HOA Contact: 252-722-2722

Lot Info

  • Lot Description: Adj to Park Serv./Preserv, Level
  • Lot Number: Lot 34
  • Estimated Lot Size: 0.19
  • Deed Book: 1644

Building Info

  • Year Built: 2022

Tax Info

  • Year: 2020
  • Taxes: 371

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 8, 2024
Sold by
Shaw Karen Diane
Bought by
Hekmatdoost Kevon M B and Way Ewa M
Current Estimated Value
$717,298

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$587,200
Outstanding Balance
$579,060
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$138,238

Purchase Details

Listed on
Sep 7, 2021
Closed on
May 28, 2022
Sold by
Homes By Eillu Llc
Bought by
Shaw Karen Diane
Seller's Agent
Raju Uppalapati
Outer Banks Realty Group
Buyer's Agent
Stephanie Omphalius
Outer Banks Realty Group
List Price
$599,900
Sold Price
$599,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.12%
Original Mortgage
$300,000
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 13, 2021
Sold by
Hall Elizabeth H and Hall Bobby J
Bought by
Homes By Eillu Llc

Purchase Details

Closed on
Jun 8, 2001
Bought by
Hall Bobby J and Hall Elizabeth H
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hekmatdoost Kevon M B $734,000 None Listed On Document
Shaw Karen Diane $3,599,500 Evans & Meads Pllc
Homes By Eillu Llc $60,000 None Available
Hall Bobby J $33,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hekmatdoost Kevon M B $587,200
Previous Owner Shaw Karen Diane $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/09/2022 06/09/22 Sold $599,900 0.0% $293 / Sq Ft
10/12/2021 10/12/21 Pending -- -- --
09/07/2021 09/07/21 For Sale $599,900 -- $293 / 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 $3,310 $403,800 $50,000 $353,800
2024 $3,310 $403,800 $50,000 $353,800
2023 $3,294 $403,800 $50,000 $353,800
2022 $255 $50,000 $50,000 $0
2021 $255 $70,000 $70,000 $0
2020 $371 $70,000 $70,000 $0
2019 $371 $70,000 $70,000 $0
2018 $0 $70,000 $70,000 $0
2017 $336 $70,000 $70,000 $0
2016 $336 $70,000 $70,000 $0
2015 -- $70,000 $70,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 116029

Outer Banks Association of REALTORS®

APN: 115C-000-0034-0000