NOT LISTED FOR SALE

888 Drifting Sands Dr Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $640,866 - $788,000

5 Beds
5 Baths
2,366 Sq Ft
$300/Sq Ft Est. Value

Last Sold August 20, 2013

Last sale price $343,250 $145 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $4,140/month

522 Days on Market

Highlights

  • Community Beach Access
  • Boat Dock
  • Spa
  • Views of a Sound
  • Home fronts a sound
  • Clubhouse

About This Home

As of August 2013

Spacious well appointed beach house with sound and natural wildlife views. "Soundwatch" offers a beautiful home with everything a tenant wants on vacation. The community offers private boat ramps, community pool, tennis courts, playground and bike trails. Great for water sports (kayaks/jet skis,boats-bring them!). Lots of decks for watching the sunsets. Owners are currently making arrangements to paint exterior and install tile floors in mid level bathrooms. All offers welcome!

Last Agent to Sell the Property

Joanne Kepler

Beach Realty & Construction- Corolla License #190335 Listed on: 01/24/2012

Last Buyer's Agent

Danielle Taylor

Keller Williams - Outer Banks License #273134

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,621

Year Built

  • Built in 1995

Lot Details

  • Home fronts a sound
  • Property fronts a private road
  • Level Lot

HOA Fees

  • $124 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 2,366 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Game Room
  • Views of a Sound

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Laminate Countertops

Flooring

  • Engineered Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • Tuck Under Parking
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Spa
  • Sun Deck

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot 383

Community Details

Overview

  • Association fees include common electric, common insurance, road maintenance, tennis courts, walkways
  • Monteray Shores Subdivision

Amenities

  • Clubhouse

Recreation

  • Boat Dock
  • Community Boardwalk
  • Community Beach Access
  • Tennis Courts
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,621

Year Built

Built in 1995

Lot Details

0

HOA Fees

$124 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Extras: Beach Access, Hot Tub, Sun Deck
  • Flood Zone: X
  • Subdivision Name: Monteray Shores
  • Headline: Vacant - Easy to Show!
  • Heated Sq Ft: 2366
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Soundfront
  • Zoning: Res
  • Deed Book Pg Number: 71
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 5
  • Countertops: Laminate
  • Floor Coverings: Carpet, Tile, Vinyl, Engineered Wood
  • Foundation: Piling
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Ensuite, Washer Connection
  • Optional Rooms: Game Room
  • Partial Bathrooms: 2

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Roof: Asphalt/Fiber Shingle
  • View: Sound

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street, Under

Utilities

  • Cooling: Heat Pump, Zoned
  • Heating: Electric, Forced Air, Heat Pump, Zoned
  • Sewer/Septic System: Community Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Road Maintenance, Tennis Courts, Walkways
  • Association Amenities: Boat Ramp, Clubhouse, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Sound Access, Board Walk
  • Association Fee: Yes
  • Estimated Annual Fee: 1490

Lot Info

  • Lot Description: Level
  • Lot Number: Lot 383
  • Deed Book: 916

Rental Info

  • Est Annual Rental Income: 21104
  • Estimated Rental Performance: 0.0615
  • Lease Terms: Weekly
  • Rental Co: Kitty Hawk Rentals
  • Rental Cottage Name: Soundwatch
  • Rental Cottage Number: 8793
  • Rental Phone Number: 252-453-4141
  • Rental Turnover Day: Sunday

Building Info

  • Year Built: 1995

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2011
  • Taxes: 1620.58

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2012
Closed on
Jul 31, 2013
Sold by
Farrell Mary E
Bought by
Scott Robert P and Scott Kathleen L
Seller's Agent
Joanne Kepler
Beach Realty & Construction- Corolla
Buyer's Agent
Danielle Taylor
Keller Williams - Outer Banks
List Price
$420,000
Sold Price
$343,250
Premium/Discount to List
-$76,750
-18.27%
Current Estimated Value
$709,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$366,217
Avg. Annual Appreciation
6.61%
Original Mortgage
$274,600
Interest Rate
4.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2005
Sold by
Farrington Thomas and Farrington Deborah
Bought by
Farrell James E and Farrell Mary E

Purchase Details

Closed on
Jun 8, 2005
Sold by
Potter Thomas B and Potter Jane P
Bought by
Farfington Deborah and Farfington Michael
Source: Public Records

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Range of Values:

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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
Scott Robert P $343,500 None Available
Farrell James E $535,000 None Available
Farfington Deborah $525,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scott Robert P $220,841
Closed Scott Robert P $272,393
Closed Scott Robert P $274,600
Previous Owner Potter Thomas B $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2013 08/20/13 Sold $343,250 -18.3% $145 / Sq Ft
06/29/2013 06/29/13 Pending -- -- --
01/24/2012 01/24/12 For Sale $420,000 -- $178 / 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 $3,012 $363,600 $55,000 $308,600
2023 $3,012 $363,600 $55,000 $308,600
2022 $2,290 $363,600 $55,000 $308,600
2021 $2,318 $320,700 $65,000 $255,700
2020 $2,015 $320,700 $65,000 $255,700
2019 $2,010 $320,700 $65,000 $255,700
2018 $2,010 $320,700 $65,000 $255,700
2017 $1,830 $320,700 $65,000 $255,700
2016 $1,826 $320,700 $65,000 $255,700
2015 $1,826 $320,700 $65,000 $255,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 73254

Outer Banks Association of REALTORS®

APN: 115C-000-0383-0000