NOT LISTED FOR SALE

985 Ocean Forest Ct Corolla, NC 27927

Estimated Value: $340,000 - $762,000

0.34 Acre
$1,423,676 Price per Acre
14,810 Sq Ft Lot

Last Sold December 11, 2023

Last sale price $349,000

Est. 39% increase in value since last sale

Current estimated payment $3,045/month

9 Days on Market

Highlights

  • 40 Feet of Waterfront
  • Boat Dock
  • Clubhouse
  • Views of a Sound
  • Health Club
  • Community Pool

About This Lot

As of December 2023

Sound front, X Flood Zone with new bulkhead! Check out this large homesite situated on a quiet dead-end street in Corolla. Approximately 50 feet of water frontage with newly installed bulkhead and amazing unobstructed views of the Currituck Sound and the incredible sunsets! Monterey Shores offers recreational amenities including a large pool, fitness center, basketball, tennis, and boat ramp! A short drive or bike ride to the beautiful Corolla beaches! Also many local attractions such as the Corolla Lighthouse, Corolla Park, and great dining options are all at your fingertips.

Last Agent to Sell the Property

Daniel Byard

Coast Realty License #334827 Listed on: 07/08/2023

Last Buyer's Agent

Sarah Pritchard

SAGA Realty and Construction License #310311

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $459

Lot Details

  • 0.34 Acre Lot
  • 40 Feet of Waterfront
  • Home fronts a sound
  • Level Lot
  • Property is zoned SFO

HOA Fees

  • $123 Monthly HOA Fees

Property Views

  • Views of a Sound

Utilities

  • Municipal Utilities District Water
  • Private Sewer

Community Details

Overview

  • Association fees include common insurance, grounds maintenance, management, pool, tennis courts, walkways
  • Association Consultations Association, Phone Number (252) 500-0100
  • Monteray Shores Subdivision

Amenities

  • Common Area
  • Clubhouse

Recreation

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

Property Details

Property Type

Land

Est. Annual Taxes

$459

Lot Details

0

HOA Fees

$123 per month

Listing Details

  • Class: LOTS/LAND
  • Flood Zone: X
  • Headline: Soundfront X Flood Zone!
  • L V T Date: 07/08/2023
  • Sale/Rent: For Sale
  • Waterfront Location: Soundfront
  • Zoning: SFO
  • Deed Book Pg Number: 533
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C34699
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Street Frontage: 50
  • View: Sound
  • Water Frontage: 40

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Boat Ramp, Clubhouse, Health Club, Outdoor-Comm. Tennis, Outdoor-Comm. Pool, Sound Access, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 1474
  • Hoa Contact: Association Consultations
  • HOA Contact: 252-500-0100
  • Fee Includes: Common Insurance, Grounds Maintenance, Management, Pool, Tennis Courts, Walkways

Lot Info

  • Estimated Lot Sq Ft: 14641
  • Lot Description: Bulkheaded, Level
  • Lot Size: 0.34
  • Estimated Lot Size: 0.34
  • Deed Book: 1521
  • Unit/Lot Number: Lot 189A

Tax Info

  • Year: 2022
  • Taxes: 459

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2023
Closed on
Dec 4, 2023
Sold by
Whyte Properties Llc
Bought by
Pascale Michael
Seller's Agent
Daniel Byard
Coast Realty
Buyer's Agent
Sarah Pritchard
SAGA Realty and Construction
List Price
$349,000
Sold Price
$349,000
Views
30
Current Estimated Value
$484,050

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,050
Avg. Annual Appreciation
17.30%

Purchase Details

Listed on
Feb 28, 2019
Closed on
Feb 20, 2020
Sold by
Smith Robert Eugene and Mostiler Smith Ann Catherine
Bought by
Whyte Properties Llc
Seller's Agent
Rick Drumm
Beach Realty & Construction
Buyer's Agent
Joanne Kepler
Beach Realty & Construction- Corolla
List Price
$124,900
Sold Price
$82,500
Premium/Discount to List
-$42,400
-33.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.02%

Purchase Details

Listed on
Apr 3, 2013
Closed on
Mar 15, 2014
Sold by
Martin Stephen V and Faber Martin Margaretha M
Bought by
Smith Robert Eugene and Mostiler Smith Ann Calberine
Seller's Agent
Sarah Spencer
Keller Williams - Outer Banks
Buyer's Agent
Denice Tappero
Coldwell Banker Seaside Realty KH
List Price
$129,000
Sold Price
$96,000
Premium/Discount to List
-$33,000
-25.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.54%
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
Pascale Michael $349,000 None Listed On Document
Whyte Properties Llc $82,500 None Available
Smith Robert Eugene $96,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/11/2023 12/11/23 Sold $349,000 0.0% --
07/17/2023 07/17/23 Pending -- -- --
07/08/2023 07/08/23 For Sale $349,000 +323.0% --
02/20/2020 02/20/20 Sold $82,500 -17.4% -- View Prior Sale
02/05/2020 02/05/20 Pending -- -- --
01/01/2020 01/01/20 Price Changed $99,900 -16.7% --
06/26/2019 06/26/19 Price Changed $119,900 -4.0% --
05/07/2019 05/07/19 For Sale $124,900 0.0% --
03/27/2019 03/27/19 Pending -- -- --
02/28/2019 02/28/19 For Sale $124,900 +30.1% --
03/28/2014 03/28/14 Sold $96,000 -25.6% -- View Prior Sale
03/06/2014 03/06/14 Pending -- -- --
04/03/2013 04/03/13 For Sale $129,000 -- --
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 $4,630 $568,500 $90,000 $478,500
2024 $717 $102,400 $90,000 $12,400
2023 $635 $102,400 $90,000 $12,400
2022 $459 $90,000 $90,000 $0
2021 $459 $144,000 $144,000 $0
2020 $763 $144,000 $144,000 $0
2019 $763 $144,000 $144,000 $0
2018 $0 $144,000 $144,000 $0
2017 $691 $144,000 $144,000 $0
2016 $691 $144,000 $144,000 $0
2015 -- $144,000 $144,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 122722

Outer Banks Association of REALTORS®

APN: 115C-000-189A-0000