Closing Price:
$685,000
$685,000
787 Broad Street,
Corolla, NC 27927
8 bd
6 ba
4975 sq ft
MLS #: 107746
Status: Closed
Sold Details
Status: Closed
Sold Price: $660,000.00
Closing Date: 2/2/2021
Off Market Date: 11/18/2020
Contract Date: 11/27/2020
Seller Concessions: Yes
Concession Comments: $4000 in closing cost credit
Total Days on Market:
Cumulative Days on Market: 455
Due Diligence Date: 1/15/2021
Listing Information
Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 454
Cumulative Days On Market: 455
Listing Price: $685,000
Original Listing Price: $699,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 2/3/2021
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell
Building Details
Primary Heated Living Area Sq Ft: 4975
Asking Price Per SqFt: $138.00
Heated Living Area Sq Ft: 4975
BedroomsTotal: 8
Bathrooms Full: 6
Bathrooms Partial: 2
Year Built: 1998
Architectural Style: Contemporary, Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: Disposal, Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Stackable Washer/Dryer, Washer
Roof: Asphalt
Parking: Parking Lot, Off Street, Paved
Foundation: Piling, Slab
Pool: Yes
Pool Type: Association
Pool Features: Association
Builder Name: BD&A
Counter Tops: Granite
Cooling: Central Air, Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s), Cedar Closet(s), Pantry, Walk-In Closet(s)
Heating: Central, Heat Pump, Zoned
Room Type: Game Room
Flooring: Carpet, Cork, Tile, Wood
Construction Materials: Frame, Wood Siding
Legal Description
County: Currituck
Subdivision: BI-Buck Island
Subdivision Name: Buck Island - Charleston Place
Deed Book: 877
Deed Book Page Number: 293
County Pin Number: 116C00000250000
Price Change: 2/2/2021
Road Surface: Paved, Private
Association Amenities: Common Area, Gated, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground
Lot Details
Lot Features: Level
Waterfront: More than 5th row
Property Type: Residential
Property Expenses & Utilities
Tax Year: 2019
Annual Property Taxes: $4,204.00
Home Oner Insurance Expense: 6132
Flood Zone: X
Water Source: Municipal
Yearly Water Expense: 3452
Pool Or Spa Expense: 1495
Yearly Expense: Actual
Yearly Elecric Expense: 3497
Yearly Cable Tv Expense: 1898
Contract Status Change Date: 2/3/2021
Estimated Annual Fee Amt: $6,572.00
Sewer: Public Sewer
Association Fee Includes: Electricity, Common Insurance, Maintenance Grounds, Management, Road Maintenance, Security, Tennis Courts
Association Fee Yes or No: Yes
Financials
Bill Of Sale Amoung: 1
Electroni Locks: Leased
Bank/Institution Owned: No
Exterior: Cement Fiber Board
Extras: Ceiling Fan(s),Hot Tub,Jet Tub,Landscaped,Lawn Sprinklers,Outside Shower,Inside Laundry Room
HOA Contact Name: Signature Touch
Primary Residence: No
HOA Contact Info: (252) 441-8857
Rental Income
Annual Rental Income: 86920
Rental Performance: 0.1317
Listing Agent Remarks
POSITIVE CASH FLOW & TWO HOMES IN ONE! 12.5% ROI! Over $86,000 in annual rental income on the books for 2020! 787 Broad Street is a luxury style home located in the prestigious gated community of Buck Island in Corolla, NC. Immaculate, modern and completely updated on both sides, this home offers the perfect opportunity to own a second home and a vacation rental all in one. Rent one side and use one side for your own personal enjoyment! Each side features 4 bedrooms and 3 ½ bathrooms, game room, one car garage, hot tub, private decks, laundry room, and an open concept kitchen/dining/living area. The furniture and décor are absolutely stunning throughout the entire home and shows the care and hard work the current owners have put into this beautiful property. Both sides have had several updates and improvements done; cork flooring, bamboo flooring, NEW carpet and modern tile flooring throughout, granite counters in both kitchens and in all bathrooms, all stainless steel appliances (contact agent for full list) making this home a true, turn-key gem! New Trex type decking material installed on front steps for both units this spring. Each side earns approximately $43K in annual gross rental income making this an incredible investment opportunity! Conveniently located within walking distance to the beach, dining, shopping and entertainment in Corolla as well as all of the community amenities that Buck Island has to offer: community pool, tennis and basketball courts, playground and beach cabana service. Beautifully landscaped with great curb appeal, this home is an EXCELLENT INVESTMENT OPPORTUNITY and is in EXCELLENT CONDITION! Reserve peak summer weeks on one side for yourself and still be able to generate rental income from the other side. Buck Island is a golf cart friendly community, use the garage space on either side to store yours! To view the 3D tour of the B side copy and paste this address in your browser: https://my.matterport.com/show/?m=YCNU1oSsi1d - To view the 3D tour of the A side copy and paste this address in your browser: https://my.matterport.com/show/?m=nRP7NQ9vJsd
Directions
From Hwy 12 North, head east on Orions Way. Once through the entry gate, take a left onto Broad Street. The house is the second house on the right.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 787 Broad Street in Corolla is provided
courtesy of Outer Banks Realty Group . 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 787 Broad Street 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
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