Closing Price:
$625,000
612 Mainsail Lane, Corolla, NC 29727
3 bd
2 ba
1440 sq ft
MLS #: 121552
Status: Closed

Sold Details

Status: Closed
Sold Price: $665,000.00
Closing Date: 4/6/2023
Contract Date: 3/5/2023
Seller Concessions: Yes
Concession Comments: Price reduction of $10k from original 675k offer price for repairs.
Total Days on Market:
Cumulative Days on Market: 5
Due Diligence Date: 4/4/2023

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 5
Cumulative Days On Market: 5
Listing Price: $625,000
Original Listing Price: $625,000
Short Sale: No
Price Date: 4/6/2023
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: 1440
Asking Price Per SqFt: $434.00
Heated Living Area Sq Ft: 1440
BedroomsTotal: 3
Bathrooms Full: 2
Bathrooms Partial: 1
Year Built: 1985
Garage: Carport
Sub Type: Single Family Residence
Appliances: Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer
Roof: Asphalt
Pool: Yes
Pool Type: Private
Pool Features: Private
Cooling: Central Air, Heat Pump
Heating: Central, Heat Pump
Flooring: Carpet

Legal Description

Section: E
County: Currituck
Subdivision: Ocean Sands
Deed Book: 1415
Deed Book Page Number: 602
County Pin Number: 126A0000274000E
Price Change: 4/5/2023
Block: Lot 274
Road Surface: Paved
Association Amenities: Board Walk, Ocean Access

Lot Details

Waterfront: More than 5th row
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2022
Annual Property Taxes: $3,219.00
Flood Zone: X
Other Insurance: 3360
Water Source: Municipal
Yearly Water Expense: 794
Pool Or Spa Expense: 2839
Yearly Elecric Expense: 1688
Yearly Cable Tv Expense: 2884
Contract Status Change Date: 4/6/2023
Estimated Annual Fee Amt: $935.00
Sewer: Shared Septic
Association Fee Includes: Walkways
Association Fee Yes or No: Yes

Financials

Electroni Locks: Leased
Bank/Institution Owned: No
Exterior: Lap Siding,Wood
Extras: Beach Access,Covered Decks,Fenced Yard,Dry Entry
Fuel Tanks: None
HOA Contact Name: Kathy Regan
Primary Residence: No
HOA Contact Info: 252-441-8857

Rental Income

Annual Rental Income: 66004
Rental Performance: 0.0993
Owner Renatl Income 2023 Amount: 11780
Avertised Income 2023 Amount: 13990
Owner Renatl Income 2022 Amount: 34699
Avertised Income 2021 Amount: 40495
Owner Rental Income 2021 Amount: 34611
Avertised Income 2021 Amount: 39980

Listing Agent Remarks

LOCATION LOCATION LOCATION! This 3 bedroom 2.5 bath home in Corolla with a private pool and fenced yard is on a direct beach access and only 5 homes away from the beach! Ocean views abound on the top floor, with views from the top deck and from the main living space. Brand new kitchen cabinets and countertops in 2021. Bathroom updates in 2021 including new laminate floors, vanities, and toilets. 2020 exterior painted and some siding replaced. 2017 all interior painted, all new or updated furniture, new light fixtures, new artwork. Consistent rental income producer. X flood zone so flood insurance is not required. This "sunsational" home is not just super close to the beach, it is in a prime location that is convenient to grocery, restaurants, shops, golf and other fun beach activities. This Corolla home comes fully furnished and with 2023 income already on the books. Two very strong rental projections are available, one at 66k from a weekly management company and one for 80k+ from an airbnb/vrbo manager.

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 612 Mainsail Lane in Corolla is provided courtesy of Keller Williams - Outer Banks C: 252-599-7250. 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 612 Mainsail Lane 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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