Closing Price:
$1,495,000
640 Wave Arch, Corolla, NC 27927
7 bd
6 ba
4028 sq ft
MLS #: 118536
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,415,000.00
Closing Date: 11/7/2022
Contract Date: 9/26/2022
Seller Concessions: Yes
Concession Comments: $7,500 closing cost credit.
Total Days on Market:
Cumulative Days on Market: 160
Due Diligence Date: 10/31/2022

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 160
Cumulative Days On Market: 160
Listing Price: $1,495,000
Original Listing Price: $1,795,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 11/7/2022
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: 4028
Asking Price Per SqFt: $371.00
Heated Living Area Sq Ft: 4028
BedroomsTotal: 7
Bathrooms Full: 6
Bathrooms Partial: 2
Year Built: 1999
Garage: Carport
Architectural Style: Contemporary
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer, Wine Cooler
Roof: Asphalt
Parking: Off Street, Paved
Foundation: Piling
Pool: Yes
Pool Type: Association
Pool Features: Association
Counter Tops: Laminate
Cooling: Heat Pump
Interior Features: Cathedral Ceiling(s), Pantry, Wet Bar
Heating: Electric, Heat Pump
Room Type: Game Room, Shipswatch
Flooring: Carpet, Ceramic Tile, Hardwood, Tile
Construction Materials: Frame, Wood Siding

Legal Description

Section: O
Phase: IIIA
County: Currituck
Subdivision: Ocean Sands
Deed Book: 1445
Deed Book Page Number: 315
County Pin Number: 126A0000048000O
Price Change: 11/6/2022
Block: -
Road Surface: Paved
Association Amenities: Board Walk, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis

Lot Details

Lot Size Acres: 0.14
Lot Size Square Feet: 6119
Lot Features: Level
Waterfront: Semi-Oceanfront (2nd row)
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2022
Annual Property Taxes: $5,774.00
Flood Zone: X
Flood Insurance Expense: 797
Water Source: Municipal
Yearly Water Expense: 1886
Yearly Expense: Actual
Yearly Elecric Expense: 2160
Yearly Cable Tv Expense: 3324
Contract Status Change Date: 11/7/2022
Estimated Annual Fee Amt: $1,825.00
Sewer: Shared Septic
Association Fee Includes: Common Insurance, Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Aluminum,Vinyl
Extras: Ceiling Fan(s),Covered Decks,Elevator,Hot Tub,Outside Lighting,Outside Shower,Sun Deck,Dry Entry,Inside Laundry Room
HOA Contact Name: Signature Touch
Primary Residence: No
Street Frontage : 50
HOA Contact Info: 252-441-8857

Rental Income

Annual Rental Income: 114845
Rental Performance: 0.0812
Owner Renatl Income 2022 Amount: 53936
Avertised Income 2021 Amount: 57142
Owner Rental Income 2021 Amount: 60529
Avertised Income 2021 Amount: 64378

Listing Agent Remarks

Lowest price per Square Foot of any Corolla semi-oceanfront! Located in the desirable Ocean Lakes section of Ocean Sands, this 7-bedroom turnkey home features ocean views and is just steps to the beach. Enjoy the privacy of the Ocean Sands green space behind the home and the convenient location of the beach boardwalk at the end of the driveway. The upper level of the home is comprised of a spacious open flow floor plan- family room with cathedral ceilings and fireplace; an oversized dining area; and the kitchen with breakfast bar seating and ample storage/counter space. Enjoy ocean views from the Ships Watch or step outside onto the ample sundeck to enjoy the morning sun rising over the Atlantic. There is also a half bath on this level as well as the Primary en Suite. This top-level bedroom boasts privacy, space, ocean views, and a separate bathroom with an oversized walk-in glass shower and double vanity. Take the elevator down to the mid-level where you will find four more en suite bedroom with private bathrooms, and another bonus room/office set up as sleeping space. An ocean side covered deck runs along the southern elevation, providing convenient access to the new mid-level Jacuzzi Play hot tub. The ground level features two more bedrooms that share a full hall bath, and a spacious rec room with wet bar and adjacent half bath. The comfortable game room has plenty of room to play pool, stretch out and watch TV, or just relax and cool off after a day in the sun. “Serenity View” checks all the boxes for a vacation property- ocean views, open concept floor plan, large en suite bedrooms, elevator, and game room with wet bar. Situated on an X flood zone lot and convenient to the attractions, shopping, and dining of the northern beaches, this vacation property offers the proximity, updates, and space the discerning buyer is looking for.

Directions

Ocean Trail north to right onto Seabird Way, bear left onto Ocean Lakes Trail, to right onto Wave Arch. Property will be 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 640 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 640 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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