Closing Price:
$779,000
675 Ocean Lake Trail, Corolla, NC 27927
6 bd
6 ba
3400 sq ft
MLS #: 107654
Status: Closed

Sold Details

Status: Closed
Sold Price: $750,000.00
Closing Date: 6/9/2020
Off Market Date: 3/27/2020
Contract Date: 4/22/2020
Seller Concessions: Yes
Concession Comments: 2,500.00 seller paid closing costs
Total Days on Market:
Cumulative Days on Market: 478
Due Diligence Date: 5/29/2020

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 476
Cumulative Days On Market: 478
Listing Price: $779,000
Original Listing Price: $810,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 6/10/2020
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 3400
Asking Price Per SqFt: $229.00
Heated Living Area Sq Ft: 3400
BedroomsTotal: 6
Bathrooms Full: 6
Bathrooms Partial: 1
Year Built: 2013
Garage: Carport
Architectural Style: Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Refrigerator, Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer
Roof: Asphalt
Foundation: Piling, Slab
Pool: Yes
Pool Type: Private and Association
Pool Features: Concrete, Association, Heated, In Ground, Outdoor Pool, Private
Builder Name: SAGA
Counter Tops: Granite
Cooling: Central Air, Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s), Pantry, Walk-In Closet(s)
Heating: Central, Heat Pump, Zoned
Room Type: Game Room
Flooring: Carpet, Ceramic Tile, Hardwood

Legal Description

Section: O
Phase: 4-B
County: Currituck
Subdivision: Ocean Sands
Subdivision Name: Ocean Lakes Subdivision of Ocean Sands Section O
Deed Book: 1266
Deed Book Page Number: 474
County Pin Number: 126A0000142000O
Price Change: 6/9/2020
Block: N/A
Road Surface: Paved, Private
Association Amenities: Common Area, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis

Lot Details

Lot Size Acres: 0.14
Lot Size Square Feet: 6000
Lot Features: Adj. To Common Area, Level
Waterfront: 4 - lots from oceanfront (5th row)
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2019
Annual Property Taxes: $4,499.00
Flood Zone: X
Water Source: Municipal
Contract Status Change Date: 6/10/2020
Estimated Annual Fee Amt: $1,225.00
Sewer: Public Sewer
Association Fee Includes: Common Insurance, Management, Pool, Road Maintenance, Tennis Courts, Walkways
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Electroni Locks: Leased
Bank/Institution Owned: No
Exterior: Vinyl
HashTag of Units: 1
Extras: Beach Access,Boardwalk to Beach,Ceiling Fan(s),Covered Decks,Fenced Yard,Hot Tub,Landscaped,Outside Lighting,Outside Shower,Sun Deck,Dry Entry
Fuel Tanks: Leased
HOA Contact Name: Signature Touch
Primary Residence: No
Street Frontage : 60
HOA Contact Info: 252-441-8857

Rental Income

Annual Rental Income: 85750
Rental Performance: 0.1143

Listing Agent Remarks

Corolla Oceanside! Custom 6 Bedroom with private pool, ocean view and close beach access! Located only 4 lots from the oceanfront, this home is a consistent rental producer. Custom built in 2013 but is like new as the original owners have meticulously maintained the property and it shows! It is a beautiful coastal living style home with stylish furnishings and many amenities. Top floor has a spacious great room with cathedral ceilings, hardwood floors, gas fireplace, entertainment center and access to a sun deck, a gourmet kitchen w/ granite counters, stainless steel appliances, pantry, dining area with built in seating, half bath and a beautiful master bedroom suite with deck access & large tiled bath w/ soaking tub & walk-in shower. The middle level features a tiled entry foyer, four master bedrooms, three w/deck access, laundry room, and covered decks. Ground level features a bedroom that shares a full bath with a game room featuring a granite wet bar, full size refrigerator, entertainment center, foosball table and access to the pool area. Outside you will enjoy the spacious covered and open decks, heated private pool, hot tub, professional landscaping and the ocean view. The property was well built having low maintenance and quality in mind with features such as vinyl shakes, vinyl rails, low maintenance yard and hurricane rated windows on all levels. This new phase of Ocean Sands is high and dry, home has never had any flooding. The community has great amenities such an outdoor pool, outdoor tennis courts and ocean access. Section O is just a quick drive to Harris Teeter, shopping, restaurants, entertainment and all that Corolla has to offer. Current owner rents on a limited calendar, May to September only and also does not allow pets. $85,750 rental projection on file from Twiddy for a full year with an open calendar and could potentially do more if pets were allowed. 2019 Rentals topped $75,000 and there are already 2020 bookings. This must see home is rental ready and a great opportunity!

Directions

SECT O. East on Seabird, Continue on Ocean Lake Trail. House on right, almost at the end of the street.

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 675 Ocean Lake Trail in Corolla is provided courtesy of Coldwell Banker Seaside Realty KH C: 252-202-6920. 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 675 Ocean Lake Trail 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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