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512 Meadow Lane

512 Meadow Lane, Corolla, NC 27927
House in Currituck
Sold Sep 16, 2020
$626,000
$304,000 by Movement Mortgage
Mortgage Due Oct 01, 2050
512 Meadow Lane has been categorized by the local assessors in Corolla, NC as a residential type of property. The building on the property was first built in 1998 and is 26 years old. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 512 Meadow Lane has 2,223 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 5,850 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Love to swim? You'll be excited to find out that there is a vinyl in-ground pool on the property. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B- by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of materials we are unsure of. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with electricity. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 512 Meadow Lane sold most recently in Sep 11, 2020 for a total of $626,000. If you work out the math, that's approximately a cost of $281.60 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,816 in taxes each year. 512 Meadow Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $380,800. If we break it down further, the land itself was valued at $88,000. Improvements to the property, however, were assessed at a total of $292,800. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Parking

Off Street Parking
Paved Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: B-
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Other
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Vinyl in-ground pool

    Dimensions

  • Lot Size Square Feet: 5,850
  • Lot Size Depth Feet: 90
  • Total Building Area: 2,223
  • Gross Building Area: 2,223
  • Building Area: 2,223
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,223
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MAGNOLIA BAY
  • Land Acres: 0.13
  • Standard Land Use Code: Parcels with improvements, use not specified
  • County Land Use Code: Personal property general
  • Legal Description 1: MAGNOLIA BAY LOT 58

Ownership

  • Current Owner : RYAN SHAWN
  • Current Owner 2: RYAN LISA
  • Previous Owner : RAY MICHAEL S
  • Previous Owner 2: RAY TRACIE L

Neighborhood

  • School District Name: Currituck County Schools
  • Census Tract: 110101

Zoning

  • Zoning: SFO

Geography

  • Assessors Map Reference: 127D
  • Account Number: 000155997
  • District: 11
  • Parcel: 127D00000580000
  • Lot: 58
  • Municipality: POPLAR BRANCH BCH
  • Latitude: 36.2803
  • Longitude: -75.8007

    Address

  • Full Address: 512 Meadow Ln
  • Address - House Number: 512
  • Address - Street Name: Meadow
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Corolla
  • Carrier Code: H066
  • 4-Digit Zip Code: 9542
  • Zip Code: 27927

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,816
  • Tax Rate Code Area: POPLAR BRA

    Appraisal Valuation

  • Standard Deviation: 0.1891
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 75
  • Final Value: 995,536
  • High Value: 1,183,855
  • Low Value: 807,217

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $304,000
  • First Open Lien Mortgage Lender: MOVEMENT MORTGAGE
  • First Open Lien Mortgage Recording Date: Sep 16, 2020
  • First Open Lien Mortgage Loan Amount: $304,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2050

    Market Valuation

  • Market Total Value: $380,800
  • Market Land Value: $88,000
  • Market Improvement Value: $292,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $380,800
  • Assessed Land Value: $88,000
  • Assessed Improvements Value: $292,800

    Sales

  • Current Sale Contract Date: Sep 11, 2020
  • Current Sale Recording Date: Sep 16, 2020
  • Current Sale Transaction ID: 11807290085
  • Current Sale Price: $626,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 355076

    Last Sale Mortgage

  • First Mortgage Lender: MOVEMENT MORTGAGE
  • First Mortgage Transaction Date: Sep 16, 2020
  • First Mortgage Loan Amount: $304,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

About Currituck



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 512 Meadow Lane located in?
The 512 Meadow Lane is a house located in the neighborhood of Currituck in Currituck, Corolla.
What is the average sales price for listings in 512 Meadow Lane?
The average sales price for units in 512 Meadow Lane is $0 currently.

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