Closing Price:
$759,000
$759,000
752 Waters Edge,
Corolla, NC 27927
5 bd
4 ba
2503 sq ft
MLS #: 121984
Status: Closed
Sold Details
Status: Closed
Sold Price: $771,000.00
Closing Date: 5/26/2023
Contract Date: 4/21/2023
Seller Concessions: Yes
Concession Comments: $2500 towards updates/repairs
Total Days on Market:
Cumulative Days on Market: 3
Due Diligence Date: 5/5/2023
Listing Information
Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 3
Cumulative Days On Market: 3
Listing Price: $759,000
Original Listing Price: $759,000
Short Sale: No
Price Date: 5/27/2023
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell
Building Details
Primary Heated Living Area Sq Ft: 2503
Asking Price Per SqFt: $303.00
Heated Living Area Sq Ft: 2503
BedroomsTotal: 5
Bathrooms Full: 4
Year Built: 1992
Sub Type: Single Family Residence
Appliances: 2nd Refrigerator, Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Washer
Roof: Asphalt
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: Fiberglass, Private
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s)
Heating: Central, Heat Pump
Room Type: Sun/Florida Room
Flooring: Ceramic Tile
Legal Description
Section: M
County: Currituck
Subdivision: Ocean Sands
Deed Book: 1499
Deed Book Page Number: 49
County Pin Number: 126A0000147000M
Price Change: 5/26/2023
Block: n/a
Road Surface: Paved, Private
Association Amenities: Common Area, Ocean Access, Outdoor-Comm. Tennis
Lot Details
Lot Features: Adj. To Common Area, Cul-De-Sac, Level
Waterfront: More than 5th row
View: Lake
Property Type: Residential
Property Expenses & Utilities
Tax Year: 2022
Annual Property Taxes: $3,455.00
Flood Zone: X
Water Source: Municipal
Contract Status Change Date: 5/27/2023
Estimated Annual Fee Amt: $900.00
Sewer: Shared Septic
Association Fee Includes: Walkways
Association Fee Yes or No: Yes
Financials
Bill Of Sale Amoung: 1
Electroni Locks: Leased
Bank/Institution Owned: No
Exterior: Lap Siding,Wood
Extras: Beach Access,Ceiling Fan(s),Covered Decks,Hot Tub,Inside Laundry Room
Fuel Tanks: None
HOA Contact Name: Signature Touch
Primary Residence: No
HOA Contact Info: 252-441-8857
Rental Income
Annual Rental Income: 92017
Rental Performance: 0.1193
Owner Renatl Income 2023 Amount: 56305
Owner Renatl Income 2022 Amount: 49663
Listing Agent Remarks
The perfect beach house does exist!! This adorable home in Corolla is the quintessential Outer Banks beach cottage. 5 bedrooms, 4 baths, WALKABLE TO THE BEACH, private pool, hot tub, ground level game room with kitchenette and it comes fully furnished with SIGNIFICANT INCOME already on the books! PLUS this home has added privacy since it's located on a cul-de-sac, surrounded by trees and one house away from the Ocean Sands lake. The top floor features an open floor plan with cathedral ceilings, large kitchen and dining, with living space that is centered around a gas fireplace and built-in shelving. The large east facing windows let in great natural light. Sliders lead out to the east-facing deck with ocean breezes and lake views! An all-seasons room off the living area adds to the usable space and is a great place to read a book or enjoy the views. Off of the living space is a nice sized bedroom and full bath. On the mid level, you'll find a bedroom with its own en suite, and two more bedrooms that share a hall bathroom. There's plenty of covered decks on this level, great for hammocks and adirondack chairs. The ground level has another bedroom, full bath, laundry area, storage and a large game room entertaining space with its own kitchenette. Sliders lead out from this space to the large pool area with hot tub, that backs up to the wooded common area, adding to your privacy. It's a short walk to the beach using the paved neighborhood streets, or you can take the sandy trail along the lake and enjoy the partially shaded walk and pretty views, plus you'll probably see some turtles along the way. Seeing the occasional turtle on the lake walk to the beach has been a surprising hit with vacation renters. A new owner will benefit from the almost-fully booked rental season for 2023, and a rental projection of a fully opened calendar in 2024 conservatively estimates approx 79k in rental income potential. It's a turn-key Outer Banks investment, where everything has been done for you. New luxury vinyl flooring installed in 2020, fresh paint in bedrooms and bathrooms in 2020, new roof in 2021, decking and railings just painted in 2023.
Directions
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Program of the Outer Banks Association of REALTORS. This property located at 752 Waters Edge in Corolla is provided
courtesy of Keller Williams - Outer Banks C: 252-599-7250. Information is believed to be accurate but is not
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means the property at 752 Waters Edge 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
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