Closing Price:
$925,000
627 Wave Arch, Corolla, NC 27927
7 bd
4 ba
2520 sq ft
MLS #: 115862
Status: Closed

Sold Details

Status: Closed
Sold Price: $910,000.00
Closing Date: 3/3/2022
Contract Date: 1/21/2022
Seller Concessions: Yes
Concession Comments: Seller paid expenses $2500
Total Days on Market:
Cumulative Days on Market: 149
Due Diligence Date: 2/20/2022

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 149
Cumulative Days On Market: 149
Listing Price: $925,000
Original Listing Price: $925,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 8/25/2021
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: 2520
Asking Price Per SqFt: $367.00
Heated Living Area Sq Ft: 2520
BedroomsTotal: 7
Bathrooms Full: 4
Year Built: 2001
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
Parking: Off Street, Paved
Foundation: Piling
Pool: Yes
Pool Type: Private and Association
Pool Features: Association, Fiberglass, In Ground, Outdoor Pool, Private
Counter Tops: Laminate
Cooling: Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s), Wet Bar
Heating: Electric, Heat Pump, Zoned
Room Type: Game Room
Flooring: Carpet, Ceramic Tile, Vinyl Tile
Construction Materials: Frame, Wood Siding

Legal Description

Section: O
County: Currituck
Subdivision: Ocean Sands
Deed Book: 1553
Deed Book Page Number: 410
County Pin Number: 126A0000084000O
Price Change: 3/3/2022
Block: -
Road Surface: Paved, Private
Association Amenities: Board Walk, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis

Lot Details

Lot Features: Corner Lot, Level
Lot Faces: S
Waterfront: None
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2021
Annual Property Taxes: $3,918.00
Flood Zone: X
Flood Insurance Expense: 858
Water Source: Municipal
Yearly Water Expense: 1747
Pool Or Spa Expense: 2700
Yearly Expense: Actual
Yearly Elecric Expense: 2878
Yearly Cable Tv Expense: 1600
Contract Status Change Date: 3/4/2022
Estimated Annual Fee Amt: $1,525.00
Sewer: Shared Septic
Maintenance Expense: 487
Association Fee Includes: Pool, Road Maintenance, Security, Tennis Courts, Walkways
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Electroni Locks: Leased
Bank/Institution Owned: No
Exterior: Vinyl
Extras: Ceiling Fan(s),Covered Decks,Hot Tub,Jet Tub,Landscaped,Outside Lighting,Outside Shower,Smoke Detector(s),Sun Deck,Dry Entry
HOA Contact Name: Signature Touch
Primary Residence: No
HOA Contact Info: signaturetouchobx.com

Rental Income

Annual Rental Income: 136500
Rental Performance: 0.15
Owner Renatl Income 2022 Amount: 10650
Avertised Income 2021 Amount: 11350
Owner Rental Income 2021 Amount: 65649
Avertised Income 2021 Amount: 72392

Listing Agent Remarks

Turn-key Ocean Lakes (section O) of Ocean Sands vacation home now available! Fresh and well-maintained, this property features 7 bedrooms (2 en suite), 4 bathrooms, reverse floor plan, game room, private pool & hot tub, ocean views and a short walk to the beach or the community pool and tennis courts. Ideally suited as a vacation rental, there is a spacious primary en Suite on the upper level with deck access, along with a large family room boasting cathedral ceilings, a gas fireplace, and deck access. The adjacent kitchen features natural wood cabinetry, stainless appliances and an island with additional prep space and seating. The dining area offers large windows highlighting the views over the green space buffer out to the ocean. The main living areas are tied together with warm toned LVT flooring and natural wood wainscotting. The mid-level features 4 more bedrooms- 2 guest rooms, another en suite with covered deck access, and a combo den/bedroom with covered deck access. There is also a hall full bathroom and laundry on this level. On the ground level are the remaining two bedrooms which share a full bathroom, and the game room with convenient wet bar and access to the covered patio and hot tub. The 22x10’ pool area is completely fenced and offers southern exposure for maximum sun throughout the day. Open, airy, and comfortable, “Fish Tales” offers the vacation rental investor the opportunity to own a move-in ready, x-flood zone property. Ocean views, 425’ to the beach, Ocean Lakes swim & tennis amenities, and proximity to restaurants, shopping, and attractions, make this property one you won’t want to get away!

Directions

Ocean Trail north to right onto Seabird Way, turn right onto Wave 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 627 Wave 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 627 Wave 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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