1008 Cruz Bay Ln Corolla, NC 27927

6 beds · 5 baths · 2,992 sq ft · Lot Size: 16,117 sq ft · Single Family Home
Get Owner Info

Get AI-powered intel on property income potential, propensity to sell and other key info to close on the right property.

1008 Cruz Bay Ln is in the 27927 neighborhood of Corolla, NC. It is located in Currituck County and ZIP code 27927. This Single Family Home was built in 2021 and is approximately 4 years old. The single family home spans 2992 sq ft with 6 bedrooms and 5 bathrooms and sits on a 16117 sq ft lot. According to public records, it was last sold in 2020 for $844,500. Analyze and compare real estate investment strategies for properties like this home at 1008 Cruz Bay Ln Corolla, NC 27927 with Property Intel by Whitepages.

Investment Potential for 1008 Cruz Bay Ln

The property has a current estimated value of $1,158,028, which is 56% above the zip median, based on public records. It last sold on March 20, 2020 for $845K. Projected long-term
is $32,400 annually ($2,700 per month) with a 10% occupancy rate.

Long-Term

Gross Rental
$32,400 per year($2,700 per month)
Net Operating Income
Cap Rate
Occupancy Rate
10%in 27927 zip code
 
View Rental Potential

Owners & Occupancy for 1008 Cruz Bay Ln

This property is owned by Suzanne P Turnipseed. Owner contact information includes 3 phone numbers and 1 email address.

Property Owners

OccupationSubcontracts Manager, Lockheed Martin Ms2
Cell Phone(856) ***-****
Residence****************
Landline(856) 787-1805
Distance from Property**********
Email Address*****************@yahoo.com

Property Ownership Information

Purchase DateMarch 20, 2020
Property Tax Amount$5,875 in 2024
Purchase Price$844,500

Occupancy

Current Occupancy******View Occupancy

Property Details for 1008 Cruz Bay Ln

Property Details

Property Sq Ft

Living Area

2,992 sq ft

Compare to 27927

Lot Size

16,117 sq ft

Compare to 27927

Price Per Sq Ft

Living Area

$387 / sq ft

Compare to 27927

Lot Size Area

$72 / sq ft

Compare to 27927
Property condition, age, exterior, etc. for 1008 Cruz …
Longitude: -75.827371 Latitude: 36.354884 Parcel Number (APN): 115E-000-0021-0000…
Mortgage originated on through lender: First Bk for$******View Mortgage Details
On a scale of 1-10, how useful do you find the information provided on this page?
Not usefulUseful

Market Benchmarks

Compare data for 1008 Cruz Bay Ln in Currituck County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$1,158,028
$442,904
$715,124 (161%)
$635,848
$901,120 (142%)
YoY Price Change
1.98%
-970%
Year Built
2021
2000
21 years
Living Space
2,992 sq ft
2,662 sq ft
330 (12%)
$ Per Living Sq Ft
$387
$173
$214 (124%)
Lot Size
16,117 sq ft
19,721 sq ft
-3604 (-18%)
$ Per Lot Sq Ft
$72
$31
$41 (133%)

Net Operating Income
$20,268
-$6,432 (-32%)
Annual Revenue
$32,400
$29,400
$3,000 (10%)
$8,561
$10,003 (117%)
Net Operating Income
$20,268
-$6,432 (-32%)
Cap Rate
4.55%
Home Value Comparison: Property vs. Local and Regional 6-Bed Single Family Home Medians