1126 Payson Ct Corolla, NC 27927

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5 beds · 3 baths · 2,712 sq ft · Lot Size: 9,442 sq ft · Single Family Home
Est. Property Value: $1,026,824

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1126 Payson Ct 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 1987 and is approximately 38 years old. The single family home spans 2712 sq ft with 5 bedrooms and 3 bathrooms and sits on a 9442 sq ft lot. According to public records, it was last sold in 2020 for $530,000 and has a tax-assessed value of $534,000, which is $379 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 1126 Payson Ct Corolla, NC 27927 with Property Intel by Whitepages.

1126 Payson Ct

Corolla, NC 27927

Owner Info

Owners & Occupancy for 1126 Payson Ct

This property is owned by Karen E Christian. Owner contact information includes 4 phone numbers and 2 email addresses.

Property Owners

Residence**************
Landline(703) 443-3712
Distance from Property**********
Email Address*********@msn.comView Email

Occupancy

Current Occupancy******View Occupancy

Property Financials for 1126 Payson Ct

1126 Payson Ct, Corolla, NC has a mortgage from Caliber Hm Loans Inc (orig. August 13, 2020). The Currituck county assessment for 2024 values it at $534,000, with annual taxes of $4,276.

Mortgage & Equity Information

Loan Amount$******
LenderCaliber Hm Loans Inc
Origination DateAugust 13, 2020
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date******************
Equity View Equity

Property Tax

Purchase DateAugust 14, 2020
Property Tax Amount$4,276 in 2024
Purchase Price$530,000
Assessed Value$534,000 on 2024

Investment Potential for 1126 Payson Ct

The property has a current estimated value of $1,026,824, which is 13% above the zip median, based on public records. It last sold on August 14, 2020 for $530K. Projected long-term
is $46,800 annually ($3,900 per month) with a 10% occupancy rate.

Discover more Single Family Homes in 27927.

Long-Term

Gross Rental
$46,800 per year($3,900 per month)
Net Operating Income
Cap Rate
Occupancy Rate
10%in 27927 zip code
 
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Property Details for 1126 Payson Ct

Property Details

Property Sq Ft

Living Area

2,712 sq ft

8% below market

Lot Size

9,442 sq ft

37% below market

Price Per Sq Ft

Living Area

$379 / sq ft

20% above market

Lot Size Area

$109 / sq ft

57% above market

Property condition, age, exterior, etc. for 1126 Payso…
Longitude: -75.825432 Latitude: 36.37448 Parcel Number (APN): 115B-000-0134-0000…

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Market Benchmarks

Compare data for 1126 Payson Ct in Currituck County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$1,026,824
$437,153
$589,671 (135%)
$583,318
$878,258 (151%)
YoY Price Change
1.98%
-890%
Year Built
1987
2000
-13 years
Living Space
2,712 sq ft
2,660 sq ft
52 (2%)
$ Per Living Sq Ft
$379
$165
$213 (129%)
Lot Size
9,442 sq ft
19,733 sq ft
-10291 (-52%)
$ Per Lot Sq Ft
$109
$24
$85 (352%)

Net Operating Income
$22,208
$6,625 (30%)
Annual Revenue
$46,800
$33,000
$13,800 (42%)
$10,249
$7,718 (75%)
Net Operating Income
$22,208
$6,625 (30%)
Cap Rate
5.29%
Home Value Comparison: Property vs. Local and Regional 5-Bed Single Family Home Medians

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