Closing Price:
$639,755
505 Ocean Way, Corolla, NC 27927
5 bd
4 ba
2364 sq ft
MLS #: 104276
Status: Closed

Sold Details

Status: Closed
Sold Price: $597,000.00
Closing Date: 9/21/2020
Off Market Date: 9/13/2020
Contract Date: 8/6/2020
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 419

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 419
Cumulative Days On Market: 419
Listing Price: $639,755
Original Listing Price: $639,755
Possession: Close Of Escrow
Short Sale: No
Price Date: 9/23/2020
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 2364
Asking Price Per SqFt: $271.00
Heated Living Area Sq Ft: 2364
BedroomsTotal: 5
Bathrooms Full: 4
Year Built: 1989
Garage: Carport
Architectural Style: Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer
Roof: Asphalt
Parking: Paved, Underground
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: In Ground, Private
Cooling: Heat Pump
Interior Features: Cathedral Ceiling(s)
Heating: Heat Pump
Flooring: Carpet, Tile
Construction Materials: Frame, Wood Siding

Legal Description

Section: A
County: Currituck
Subdivision: Ocean Sands
Deed Book: 992
Deed Book Page Number: 531
County Pin Number: 126A0000031000A
Price Change: 9/22/2020
Block: n/a
Road Surface: Paved

Lot Details

Total Assessed Value: 629100
Lot Features: Cul-De-Sac
Waterfront: Semi-Oceanfront (2nd row)
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2018
Annual Property Taxes: $3,660.00
Home Oner Insurance Expense: 4028
Flood Insurance Expense: 724
Water Source: Municipal
Yearly Water Expense: 400
Pool Or Spa Expense: 4020
Yearly Elecric Expense: 2924
Contract Status Change Date: 9/23/2020
Estimated Annual Fee Amt: $100.00
Sewer: Septic Tank
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Extras: Ceiling Fan(s),Covered Decks,Hot Tub,Outside Lighting,Outside Shower,Sun Deck
HOA Contact Name: OSSPOA
Primary Residence: No
HOA Contact Info: (252) 453-8559

Rental Income

Annual Rental Income: 63350
Rental Performance: 0.1061

Listing Agent Remarks

ONE OF THE BEST LOCATIONS ON THE OUTER BANKS! GORGEOUS VIEWS WITHOUT THE MAINTENANCE OF AN OCEANFRONT HOME! SOUGHT AFTER SECTION A OF OCEAN SANDS! HUGE LOT! UNCROWDED BEACHES! POOL & HOT TUB! The Oasis offers 5 bedrooms, 4 baths and over 2300 sq ft of living space! The huge 16' x 24' pools calls you in after a hot day at the beach to cool off and relax. 2017 brought new kitchen cabinets and beautiful granite countertops. A new hot tub was added in 2018. You will absolutely adore dining on the screened in porch and enjoying amazing sunrises from the front deck! this section has large lots which mean less guests and more room on the beach! 2018 updates include hot tub and both hvac units. Pool liner was replaced in 2019. ALREADY $50,000 BOOKED FOR 2020 AS OF JANUARY 10TH!!

Directions

Turn east off of NC 12 on Ocean Way. Go straight to the end of the street. The home is the second row from the end on the left.

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 505 Ocean Way in Corolla is provided courtesy of Howard Hanna Outer Banks Realty . 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 505 Ocean Way 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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