Closing Price:
$1,900,000
614 Tern Arch, Corolla, NC 27927
8 bd
8 ba
4664 sq ft
MLS #: 120446
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,730,000.00
Closing Date: 12/29/2022
Contract Date: 11/13/2022
Seller Concessions: Yes
Concession Comments: Price was reduced from the agreed upon contract price based on repairs (roof) and desk appraisal.
Total Days on Market:
Cumulative Days on Market: 46
Due Diligence Date: 12/14/2022

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 46
Cumulative Days On Market: 46
Listing Price: $1,900,000
Original Listing Price: $1,900,000
Possession: Subject To Tenant Rights
Short Sale: No
Price Date: 1/3/2023
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: 4664
Asking Price Per SqFt: $407.00
Heated Living Area Sq Ft: 4664
BedroomsTotal: 8
Bathrooms Full: 8
Bathrooms Partial: 1
Year Built: 2005
Garage: Carport
Architectural Style: Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Stackable Washer/Dryer
Roof: Asphalt
Parking: Paved
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: In Ground, Outdoor Pool, Private
Counter Tops: Solid Surface
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s)
Heating: Central, Heat Pump
Room Type: Game Room, Home Theater
Flooring: Carpet, Tile
Construction Materials: Wood Siding

Legal Description

Section: H
County: Currituck
Subdivision: Ocean Sands
Deed Book: 1576
Deed Book Page Number: 387
County Pin Number: 126A0000039000H
Price Change: 1/2/2023
Block: na
Road Surface: Paved
Association Amenities: Ocean Access

Lot Details

Lot Features: Adj. To Common Area, Level
Waterfront: Semi-Oceanfront (2nd row)
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2022
Annual Property Taxes: $7,238.00
Home Oner Insurance Expense: 8308
Flood Zone: X
Flood Insurance Expense: 900
Water Source: Municipal
Yearly Water Expense: 360
Pool Or Spa Expense: 3450
Yearly Elecric Expense: 4400
Yearly Cable Tv Expense: 3442
Contract Status Change Date: 1/3/2023
Estimated Annual Fee Amt: $900.00
Sewer: Public Sewer
Association Fee Includes: Electricity, Maintenance Grounds, Management, Tennis Courts
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Electroni Locks: Leased
Bank/Institution Owned: No
Exterior: Lap Siding
Extras: Beach Access,Ceiling Fan(s),Covered Decks,Elevator,Hot Tub,Outside Shower,Smoke Detector(s),Sun Deck,Tiki Bar,Roof Top Deck,Dry Entry,Inside Laundry Room
Fuel Tanks: None
HOA Contact Name: Kathy Regan
Primary Residence: No
HOA Contact Info: kathy.regan@signaturetouc

Rental Income

There is no rental income information available

Listing Agent Remarks

Fantastic opportunity to own a solid investment property priced right! Fintastic Views is a semi-oceanfront with near oceanfront views! This turnkey property has gorgeous views, tasteful decor, a great pool area to include a tiki bar and ample play space both in the huge kitchen/dining/living area and the awesome gameroom with plenty of toys including a theater room! The exterior is super low maintenance, with turf for grass - meaning no trying to cut around chairs and no muddy feet in the dirt! You'll love the rooftop deck, ample parking, the easy ocean access and the FANTASTIC numbers this 8 bedroom/8 bathroom home produces. The owner has replaced nearly all the furnishings in the past two years, had a full house interior paint and plenty of other updates. Fintastic Views did $180,000 in owner rents in 2022 - and that is with some owner usage - and there is already $120,000 booked for 2023! The house is scheduled to be caulked and painted starting mid-October so if you get this under contract soon, you can assist in picking the color! Well-priced, solid investments are hard to come by in this market so hurry in to show this to your investor clients!

Directions

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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 614 Tern Arch in Corolla is provided courtesy of Coastal Outer Banks Realty . 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 614 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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