Closing Price:
$1,499,000
605 Tern Arch, Corolla, NC 27927
7 bd
7 ba
4574 sq ft
MLS #: 112151
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,499,000.00
Closing Date: 3/24/2021
Contract Date: 2/7/2021
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 560
Due Diligence Date: 3/19/2021

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 560
Cumulative Days On Market: 560
Listing Price: $1,499,000
Original Listing Price: $1,499,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 12/12/2020
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: 4574
Asking Price Per SqFt: $328.00
Heated Living Area Sq Ft: 4574
BedroomsTotal: 7
Bathrooms Full: 7
Bathrooms Partial: 2
Year Built: 2005
Garage: Carport
Architectural Style: Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Countertop Range, Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Washer, Wall Oven
Roof: Asphalt
Parking: Off Street, Paved
Foundation: Piling
Pool: Yes
Pool Type: Private and Association
Pool Features: Association, Indoor, Outdoor Pool, Private, Vinyl
Builder Name: Shoreline Builders
Counter Tops: Granite
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s), Pantry, Wet Bar
Heating: Central, Heat Pump
Room Type: Game Room
Flooring: Carpet, Ceramic Tile, Wood
Construction Materials: Frame, Wood Siding

Legal Description

Section: H
County: Currituck
Subdivision: Ocean Sands
Deed Book: 819
Deed Book Page Number: 494
County Pin Number: 126A0000042000H
Price Change: 3/24/2021
Block: -
Road Surface: Paved, Public
Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis

Lot Details

Lot Features: Beach Frontage
Lot Faces: E
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2020
Annual Property Taxes: $7,874.00
Water Source: Municipal
Contract Status Change Date: 3/25/2021
Estimated Annual Fee Amt: $1,225.00
Sewer: Shared Septic
Association Fee Includes: Electricity, Common Insurance, Management, 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: Cement Fiber Board
Extras: Beach Access,Ceiling Fan(s),Covered Decks,Elevator,Hot Tub,Jet Tub,Outside Lighting,Outside Shower,Sun Deck,Dry Entry
Fuel Tanks: Leased
HOA Contact Name: Signature Touch Property Mngmt
Primary Residence: No
HOA Contact Info: 252-441-8857

Rental Income

Annual Rental Income: 151425
Rental Performance: 0.101
Owner Rental Income 2021 Amount: 133174
Avertised Income 2021 Amount: 172901

Listing Agent Remarks

Oceanfront rental favorite complete with 7 en suite bedrooms, 7.5 bathrooms, elevator, game room and private pool/hot tub. Enjoy captivating ocean views from the open flow top floor where you will find a comfortable family room with fireplace, spacious dining area big enough for a large group, a smaller intimate dining area, and a stylish kitchen with stainless steel appliances, pantry and breakfast bar. The upscale cabinetry combined with the gorgeous hardwood floors and attractive décor set the tone for this custom-built oceanfront retreat. The first of the en suite bedrooms is found on this floor. Ocean views and a large custom tiled bathroom with double vanities and jet tub are featured. The mid level is comprised of 4 en suite guest rooms, each with custom tiled private bathrooms. One guestroom even has a private oceanside balcony- a perfect spot to stargaze or enjoy the sun coming up. The ground floor is where you will find the remaining two en suite bedrooms. The variety of sleeping configurations throughout the house easily allows for a large gathering of vacationers and access from floor to floor is easy with the convenient elevator. Also on the ground level is another half bath and the large game room (with pool table and wet bar) which leads out to the private pool, hot tub and outside shower. The boardwalk to the beach is steps away atop a well-established dune. Designed for large, comfortable gatherings this elegant Ocean Sands seaside retreat offers the amenities of the Ocean Lakes Swim and Tennis Club as well as a location close to restaurants, shopping and attractions found in the northern beaches. Supported by strong rentals, “Pain Relief” is the perfect remedy for those seeking a second home rental investment.

Directions

Ocean Trail to East on Seabird Way, turn right onto Sanderling Trail, turn left onto Tern Arch.

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 605 Tern Arch in Corolla is provided courtesy of Keller Williams - Outer Banks C: 252-207-6588. 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 605 Tern Arch 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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