Closing Price:
$1,179,000
2131 Sandfiddler Road, Corolla, NC 27927
8 bd
8 ba
7896 sq ft
MLS #: 103955
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,130,000.00
Closing Date: 10/6/2020
Contract Date: 8/5/2020
Seller Concessions: Yes
Concession Comments: $9,000 compensation for repairs.
Total Days on Market:
Cumulative Days on Market: 816
Due Diligence Date: 9/14/2020

Listing Information

Area: 4-Wheel Drive Area
Mls Status: Closed
Days On Market: 816
Cumulative Days On Market: 816
Listing Price: $1,179,000
Original Listing Price: $1,225,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 10/6/2020
Furnishing Available: Yes
Bill Of Sale Amount: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 7896
Asking Price Per SqFt: $149.00
Heated Living Area Sq Ft: 7896
BedroomsTotal: 8
Bathrooms Full: 8
Bathrooms Partial: 3
Year Built: 2000
Architectural Style: Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Dryer, Dishwasher, Ice Maker, Microwave, Refrigerator, Washer
Roof: Asphalt
Foundation: Slab
Pool: Yes
Pool Type: Private
Pool Features: Fiberglass, Heated, In Ground, Outdoor Pool, Private
Counter Tops: Solid Surface
Cooling: Central Air, Heat Pump
Interior Features: Beamed Ceilings, Cathedral Ceiling(s), Wet Bar
Heating: Central, Heat Pump
Room Type: Foyer
Flooring: Carpet, Tile, Vinyl
Construction Materials: Frame, Wood Siding

Legal Description

Section: 9
County: Currituck
Subdivision: Carova Beach
Subdivision Name: Carova Beach
Deed Book: 402
Deed Book Page Number: 624
County Pin Number: 087A00000110009
Price Change: 10/5/2020
Block: None
Road Surface: Unpaved

Lot Details

Lot Size Acres: 1.1
Lot Size Dimensions: 80 X 600 +
Lot Size Square Feet: 48000
Lot Features: Beach Frontage, Waterfront
Lot Faces: E
Water Frontage: 80
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2018
Annual Property Taxes: $5,400.00
Flood Zone: Cobra
Flood Insurance Expense: 0
Water Source: Private, Well
Yearly Expense: Actual
Contract Status Change Date: 10/6/2020
Estimated Annual Fee Amt: $0.00
Sewer: Septic Tank
Association Fee Yes or No: No - Restrictive Covenants May Apply

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Shakes,Vinyl
Extras: Beach Access,Boardwalk to Beach,Cabana,Ceiling Fan(s),Covered Decks,Gazebo,Hot Tub,Jet Tub,Outside Lighting,Outside Shower,Screened Porch,Sun Deck,Dumbwaiter/Lift
HOA Contact Name: N/A
Primary Residence: No
Street Frontage : 80
HOA Contact Info: N/A

Rental Income

Annual Rental Income: 160000
Rental Performance: 0.1416

Listing Agent Remarks

Welcome to the Mermaid's Reef - Magnificent one of a kind custom built oceanfront home. This large, super nice Oceanfront Retreat is situated on a beautiful, stable, high dune lot that measures over 600 feet deep and the home requires NO FLOOD INSURANCE! Mermaid's Reef has all the space and amenities to appease the most demanding rental guest. With over 7,900 sq ft of living area and featuring 8 bedrooms, 8 full baths, and 3 partial baths, there is plenty of room for everyone to spread out and relax. This special property also features: massive top floor great room with amazing ocean views, chef's kitchen with double appliances, loft, large dormitory suite setup for the kids, screened porch, large wrap around sun decks, huge media/game room with TV, pool table, poker table, 2nd fully equipped kitchen, separate game room with air hockey, table tennis, and shuffleboard, dumbwaiter, covered poolside bar, heated pool, over sized paved pool deck , hot tub, large oceanfront gazebo and much more! Great investment opportunity! Renters LOVE This Home, many repeat guests - can generate $150,000 in Rental Income and has potential to do even more! Home can easily be marketed as a wedding or special event home. Mermaids Reef is not the average cookie cutter rental home. This property was thoughtfully designed, solidly built and carefully maintained by the original owner. Only top quality materials were used during construction. Also, with future maintenance in mind the home was built using such features as 40+ year architectural roof shingles, high quality siding, vinyl railings, and vinyl covering on posts,and septic system is designed for 28 occupants. Recent upgrades include: all energy efficient HVAC units (inside and out), carpet and furniture updates. This is one really nice home! Come take a look!

Directions

Call Listing Agent for Showing Directions.

Official MLS Disclaimer

The data relating to real estate for sale on this web site comes from the Broker Reciprocity Program of the Outer Banks Association of REALTORS. This property located at 2131 Sandfiddler Road in Corolla is provided courtesy of Keller Williams - Outer Banks C: 252-207-7923. Information is believed to be accurate but is not warranted. Copyrighted by Outer Banks Association of REALTORS. All Rights Reserved. IDX information is provided by Shore Realty of the OBX exclusively for consumers, personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. If this page disappears from this site it means the property at 2131 Sandfiddler Road in Corolla is no longer available for sale. If you are interested in this property or have any questions about buying or selling real estate on the Outer Banks call Shore Realty. Local 252-441-3416 OR 800-647-1868.
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