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Property Q&A in Corolla : Real Estate Advice

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  • Local Info0
  • Home Buying9
  • Home Selling0
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Activity 10
Sun Sep 6, 2015
Michael Siers answered:
By bedrooms on septic permit. Two adults per legal bedroom. I hope this helps contact me direct if you need more info.
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Sun Mar 9, 2014
bob.marian.conway asked:
club?

bob

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This question was asked from this property: http://www.trulia.com/property/3147521105-728-Ridge-Point-Dr-Corolla-NC-27927#photo-21
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Tue Sep 25, 2012
Greg Cremia answered:
1st, there is no such thing as hurricane insurance.

There is a beach policy which protects against fire and hazard damage and a flood policy from FEMA to cover rising water and a wind policy from the NC for wind damage.

There are some developments on the OBX where the individuals pay directly and some that don't require flood insurance but for the most part you will be covered by the HOA policy.

The most important thing for you is to find an agent with the experience to know what is covered and what is not covered.

To see all the beachfront condos on the OBX try this site.
http://www.outerbanksoceanfronthomesales.com/outer banks/oceanfront/oceanfront condos/
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Tue Jan 25, 2011
Dawn Stultz answered:
I am not sure if you are still looking but there was a foreclosure that sold in 2009 for $485,000, a 4 bedroom/2bath home on Persimmon Court. If you would like current information regarding foreclosures in Corolla, please let me know and I can send you a list.

Thank you.
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Wed Nov 17, 2010
Bruce Exum asked:
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This question is about this property: http://www.trulia.com/property/1082956918-905-Tuna-Rd-Corolla-NC-27927
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Tue Dec 15, 2009
Jean-Paul Peron asked:
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This question is about this property: http://www.trulia.com/property/1039571776-1678-Sandpiper-Rd-Corolla-NC-27927
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Fri Oct 23, 2009
Juli asked:
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This question is about this property: http://www.trulia.com/property/1071282080-500-Ocean-Way-Corolla-NC-27927
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Mon Sep 14, 2009
Eva Foster answered:
Hi Paul,

The property that you are asking about was built in 1987 and the HOA Dues are $4300 per year.

If you would like information concerning properties listed in the OuterBanks; please feel free to contact me directly. I am always happy to answer questions and assist you in your search. Are you looking for something that you can enjoy each summer or maybe this is just an investment property. Send me an e-mail and I can connect you with, foreclosures, short sales and a list of the best investment properties in the OuterBanks. No tricks! My company works with buyers and offers a Buyers Guide that will assist you in determining the best investment.

Happy Hunting!
Eva Foster
evarfoster@aol.com
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Mon Jul 27, 2009
Greg Cremia answered:
Maybe. If it is not wetlands it should be build-able. But the question you should be asking is the house you build on the lot insurable. All of the 4 wheel dive area is in a COBRA flood zone which means you can not get FEMA backed flood insurance. Flood insurance will have to be purchased from a private company like Loyd's of London and is prohibitively expensive if it is even available.

The exception to this is if the lot is in a flood zone x. Flood zone x means you do not have to have insurance to get a loan. If you are not getting a loan you might think this does not concern you but you or your heirs will eventually want/need to sell and if the buyers can not get a loan because of the flood insurance situation you will have a hard time selling it and this will result in reduced value.

Check the flood maps before you buy.
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Fri May 29, 2009
Sheila Williamson answered:
there isn't one in the MLS, but I can check on it for you if you are not working with another Outer Banks agent.
Sheila Williamson
RE/MAX Ocean Realty
252-202-4729 cell
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