1196 Ocean Trl, Corolla, NC 27927 Property Records

Currituck County property record for 1196 Ocean Trl, Corolla, NC 27927

Property Summary

Property Type	Hotel/Motel
Details	5,853 sqft · built 1989
Lot Size	0.52 acres (22,651 sqft)
Owner	Company Name on File
Last Sale	$3,875,000 (May 2021)
Tax Bill	$8,510 (2025)
Deeds & Mortgages	Nov 2021 Line of Credit May 2021 Sale & Line of Credit + 1 more
Flood Zone	Zone X (minimal risk)
APN	`9937-22-7303`

Property Details

APN / Parcel Number

Primary APN	`9937-22-7303`
Alternative APNs	`011400000250000` `000159232` `9937-22`

Interior

Stories	1 Story
Building Area	5,853 sqft Total Area

Exterior

Year Built	Built 1989
Effective Year Built	Effective 2010
Lot Area	22,651 sqft (0.52 acres)
Lot Depth	15.6 ft Depth
Porch	Porch
Porch Area	816 sqft
Deck Area	35 sqft

Location & Zoning

Account Number	000159232
Street Address	1196 OCEAN TRL
City	COROLLA
State	NC
Zip	27927-9704
Property Category	Commercial
Property Type	Commercial > Retail > Hotel/Motel
Local Zoning Code	GB
Legal Description	COMMERCIAL/SHOPS
Legal Subdivision	COROLLA VILLAGE
Legal Lot Number	25
Jurisdiction	CURRITUCK NC
Township / Civil Division	POPLAR BRANCH
Census Block Group	1
Census Block	1080
Census Tract	110101

Owner

1196 Ocean Trl, a commercial property, is owned by a company that bought it in May 2021.

Source: Currituck County records, as of October 19, 2026

Owner of Record	Company Name on File
Mailing Address	PO BOX 34, COROLLA, NC 27927-0034
Owner Type	Company
Vesting	Company

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Nov 23, 2021	Deed of Trust, Mortgage · Line of Credit TOWNEBANK
May 10, 2021	Deed, Transfer · Line of Credit TOWNEBANK
Oct 14, 2020	Warranty Deed, Transfer ATTORNEY ONLY

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	May 10, 2021 · Amount on File
Deed Sale	May 10, 2021 · Amount on File
Prior Sale	Jan 4, 2008 · Amount on File
Deed Document Number	2021364215
Deed Book / Page	1622 / 107
Record Updated	Oct 29, 2026

November 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	CURRITUCK NC
Property Address	1196 OCEAN TRL, COROLLA, NC 27927-9704
Transaction Type	Mortgage
Record Updated	Feb 20, 2024

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0016650032
Date	Nov 23, 2021
Book Page	1665/32
Instrument	371007

Lender

Name	TOWNEBANK
Type	Bank
Address	KITTY HAWK, NC 27949

Agreement

Type	Line of Credit
Amount	Amount on Record

May 2021: Deed, Transfer

Document Type	Deed
Jurisdiction	CURRITUCK NC
Recording Date	May 10, 2021
Property Address	1196 OCEAN TRL, COROLLA, NC 27927-9704
Document Number	0016220107
Book / Page	1622 / 107
Instrument Date	May 6, 2021
Instrument	364215
Transaction Type	Transfer
Record Updated	Feb 20, 2024

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$9,300.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	6001 HARBOUR VIEW BLVD, SUFFOLK, VA 23435-2767

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	3 IRON MOUNTAIN RD, MINE HILL, NJ 07803-2312

Mortgage

Document Number	0016220110
Date	May 10, 2021
Book Page	1622/110
Instrument	364216

Lender

Name	TOWNEBANK
Type	Bank
Address	KITTY HAWK, NC 27949

Agreement

Type	Line of Credit
Amount	Amount on Record

Interest

Rate Type	Adjustable Rate
Change Frequency	Monthly

October 2020: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	CURRITUCK NC
Recording Date	Oct 14, 2020
Property Address	1196 OCEAN TRL, COROLLA, NC 27927-9704
Document Number	0015680096
Book / Page	001568 / 000096
Instrument Date	Sep 2, 2020
Instrument	356147
Transaction Type	Transfer
Record Updated	Nov 2, 2020
Title Company	ATTORNEY ONLY

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	6001 HARBOUR VIEW BLVD SUFFOLK VA 234352767, SUFFOLK, VA 23435-2767

Tax Assessment & Valuation

The 2025 property tax bill for 1196 Ocean Trl was $8,510, up 0.4% from the year before.

Source: Currituck County assessment roll, as of December 2, 2025

Property Jurisdictions

Type	Name
State	North Carolina
County	Currituck County
Unified School District	Currituck County Schools (KG - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$8,510.00 (+0.39%)	$1,119,300 (-) Land $373,700 Building $745,600
2024	$8,477.00 (+12.56%)	$1,119,300 (-) Land $373,700 Building $745,600
2023	$7,531.00 (+29.76%)	$1,119,300 (+8.68%) Land $373,700 Building $745,600	$1,119,300 (+8.68%) Land $373,700 Building $745,600
2022	$5,804.00	$1,029,900 Land $373,700 Building $656,200	$1,029,900 (-7.99%) Land $373,700 Building $656,200
2021			$1,119,300 Land $373,700 Building $745,600

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

FEMA maps place 1196 Ocean Trl in Zone X, an area of minimal flood risk, though there have been 390 flood claims nearby since 1989.

Source: FEMA National Flood Hazard Layer, effective June 18, 2020 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on File median of 1,596 individual policies
Community Rating System	Class 6 (20% premium discount)
Nearby Flood Policies	1,634 units insured incl. 38 condo units
Nearby Flood Claims	390 (1989–2026)
Claims Outside the SFHA	313 of 390
Most Recent Claim	Jan 2026 · rainfall accumulation
Claims by Event	Hurricane Dorian, Sep 2019 · 18 claims Hurricane Matthew, Oct 2016 · 64 claims Hurricane Irene, Aug 2011 · 20 claims

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 1196 Ocean Trl is moderate, ranking above 42% of the US, with a 0.03% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Moderate above 42% of the US · above 62% of North Carolina
Wildfire Likelihood	0.03% annual chance
Exposure	Indirect within ember reach
Adjoins Burnable Land	Yes

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	SOUTHERN OUTER BANKS WTR SYST serves 8,209 people · EPA ID NC6027001
Water Source	Groundwater
Last State Inspection	Aug 2025
Lead	Under 1 ppb (2023–2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. The service area is an EPA estimate; the actual supplier may differ.

Internet Providers

Source: FCC Broadband Data Collection, based on 181 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Spectrum Cable · Fiber in parts of the area	1,000 / 1,000

May also be available: Ripple Fiber, T-Mobile, Verizon.

Nearby Properties on Ocean Trl

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