502 Ocean Way, Corolla, NC 27927 Property Records

Currituck County property record for 502 Ocean Way, Corolla, NC 27927

Property Summary

Property Type	Single Family Home
Details	8 bd · 9 ba · 5,110 sqft · built 2021
Lot Size	0.689 acres (30,013 sqft)
Owner	Company Name on Record
Last Sale	$1,065,000 (Dec 2020)
Tax Bill	$14,906 (2025)
Deeds & Mortgages	Jul 2021 Mortgage Dec 2020 Sale & Mortgage
Flood Zone	Zone X (minimal risk)
APN	`9943-39-9376`

Property Details

APN / Parcel Number

Primary APN	`9943-39-9376`
Alternative APNs	`126A0000027000A` `000160109` `9943-39`

Interior

Bedrooms	8 Beds
Full Baths	9 Baths
Half Baths	2 Half Baths
Stories	3 Stories
Building Area	5,110 sqft Living Area
Basement Area	255 sqft
Unfinished Basement	255 sqft
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 2021
Effective Year Built	Effective 2021
Architectural Style	Contemporary
Exterior Material	Other
Construction Type	Frame
Roof Material	Composition Shingle
Lot Area	30,013 sqft (0.689 acres)
Lot Dimensions	30 ft deep x 10 ft wide
Porch	Slab
Deck Area	480 sqft
Patio Area	1,216 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Central
Heating Fuel	Electric

Location & Zoning

Account Number	000160109
Street Address	502 OCEAN WAY
City	COROLLA
State	NC
Zip	27927
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	SFO
Legal Description	LOT 27 SECT A OCEAN SANDS
Legal Subdivision	OCEAN SANDS
Legal Lot Number	27
Jurisdiction	CURRITUCK NC
Township / Civil Division	POPLAR BRANCH
Census Block Group	1
Census Block	1080
Census Tract	110101

Historic Designation

Source: NPS National Register of Historic Places, as of August 1, 2026

Individually Listed	Currituck Shooting Club listed 1980 · 7 contributing resources · NRIS 80002816

Federal listing alone does not restrict alterations; local historic district rules, which this data does not cover, may apply.

Owner

Source: Currituck County records, as of December 2, 2025

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	5613 JOHNSON AVE, BETHESDA, MD 20817-3503
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Date	Document
Jul 9, 2021	Gift Deed, Transfer · Conventional Mortgage CITIZENS BANK NA
Dec 23, 2020	Warranty Deed, Transfer · Conventional Mortgage CITIZENS BANK NA

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Dec 23, 2020 · Amount on Record
Deed Sale	Dec 23, 2020 · Amount on Record
Deed Document Number	2020358976
Deed Book / Page	1587 / 610
Last Transfer Date	Jul 9, 2021
Transfer Doc	0016360593
Record Updated	Sep 20, 2026

July 2021: Gift Deed, Transfer

Document Type	Gift Deed
Jurisdiction	CURRITUCK NC
Recording Date	Jul 9, 2021
Property Address	502 OCEAN WAY, COROLLA, NC 27927
Document Number	0016360593
Book / Page	1636 / 593
Map Reference	MB 4 PG 7
Instrument Date	Jul 9, 2021
Instrument	366527
Transaction Type	Transfer
Record Updated	Feb 20, 2024

Transaction

Tax	$0.00
Amount Accuracy	No Consideration Stated
Additional	Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	5613 JOHNSON AVE, BETHESDA, MD 20817-3503

Mortgage

Document Number	0000366528
Date	Jul 9, 2021
Instrument	366528

Lender

Name	CITIZENS BANK NA
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	361 Months
Due	Aug 1, 2051

December 2020: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	CURRITUCK NC
Recording Date	Dec 23, 2020
Property Address	502 OCEAN WAY, COROLLA, NC 27927
Document Number	0015870610
Book / Page	1587 / 610
Map Reference	MB 4 PG 7
Instrument Date	Dec 18, 2020
Instrument	358976
Transaction Type	Transfer
Record Updated	Apr 13, 2022

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$2,130.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	220 JAMES RIVER DR, 220, NEWPORT NEWS, VA 23601-3618

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	502 OCEAN WAY, COROLLA, NC 27927

Mortgage

Document Number	0000358977
Date	Dec 23, 2020
Instrument	358977

Lender

Name	CITIZENS BANK NA
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	361 Months
Due	Jan 1, 2051

Interest

Rate Type	Adjustable Rate
Rate	2.62%
Type Change Date	Jan 1, 2026
Change Frequency	Annually
Min Rate At Change	2.25%
Max Rate At Change	4.62%
Index	1-Year LIBOR
Max Rate	7.62%

Tax Assessment & Valuation

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	$14,906.00 (+0.38%)	$1,997,400 (-) Land $850,000 Building $1,147,400
2024	$14,850.00 (+12.59%)	$1,997,400 (-) Land $850,000 Building $1,147,400
2023	$13,190.00 (+53.27%)	$1,997,400 (-) Land $850,000 Building $1,147,400	$1,997,400 (-) Land $850,000 Building $1,147,400
2022	$8,606.00	$1,997,400 Land $850,000 Building $1,147,400	$1,997,400 (-) Land $850,000 Building $1,147,400
2021			$1,997,400 Land $850,000 Building $1,147,400

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

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
Nearest Special Flood Hazard Area	Zone VE, within 100 ft
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on Record 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

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

Wildfire Risk	Low lower than 99.1% of the US · lower than 99.5% of North Carolina
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond ember reach

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 94 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Ripple Fiber Fiber	2,000 / 2,000
Spectrum Cable	1,000 / 50
Verizon Fixed Wireless	300 / 20
T-Mobile Fixed Wireless	100 / 20

May also be available: Brightspeed.

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