Closing Price:
$1,495,000
$1,495,000
643 Wave Arch,
Corolla, NC 27927
7 bd
5 ba
3482 sq ft
MLS #: 122269
Status: Closed
Sold Details
Status: Closed
Sold Price: $1,425,000.00
Closing Date: 9/12/2023
Contract Date: 8/11/2023
Seller Concessions: Yes
Concession Comments: Misc Repairs
Total Days on Market:
Cumulative Days on Market: 85
Due Diligence Date: 9/1/2023
Listing Information
Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 85
Cumulative Days On Market: 85
Listing Price: $1,495,000
Original Listing Price: $1,599,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 9/12/2023
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: 3482
Asking Price Per SqFt: $429.00
Heated Living Area Sq Ft: 3482
BedroomsTotal: 7
Bathrooms Full: 5
Bathrooms Partial: 1
Year Built: 1998
Garage: Carport
Architectural Style: Contemporary, Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Refrigerator, Dryer, Dishwasher, Microwave, Refrigerator, Range/Oven, Washer
Roof: Asphalt
Parking: Off Street, Paved
Foundation: Piling
Pool: Yes
Pool Type: Private and Association
Pool Features: Association, In Ground, Private
Builder Name: Olin Finch
Counter Tops: Granite
Cooling: Central Air, Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s)
Heating: Central, Heat Pump, Zoned
Room Type: Foyer, Game Room
Flooring: Carpet, Ceramic Tile, Vinyl
Construction Materials: Frame
Legal Description
Section: O
County: Currituck
Subdivision: Ocean Sands
Deed Book: 817
Deed Book Page Number: 674
County Pin Number: 126A0000059000O
Price Change: 9/11/2023
Block: NA
Road Surface: Paved
Association Amenities: Board Walk, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis
Lot Details
Lot Size Acres: 0.14
Lot Size Dimensions: 60x100
Lot Size Square Feet: 6000
Lot Features: Level
Lot Faces: S
Waterfront: 2 - lots from oceanfront (3rd row
View: Ocean
Property Type: Residential
Property Expenses & Utilities
Tax Year: 2022
Annual Property Taxes: $5,636.00
Flood Zone: X
Water Source: Municipal
Contract Status Change Date: 9/12/2023
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: Shakes,Wood
Extras: Ceiling Fan(s),Covered Decks,Fenced Yard,Hot Tub,Jet Tub,Landscaped,Outside Lighting,Outside Shower,Smoke Detector(s),Storage Shed,Sun Deck,Whirlpool/Spa,Dry Entry
Fuel Tanks: Leased
HOA Contact Name: Signature Touch
Primary Residence: No
HOA Contact Info: (252) 441-8857
Rental Income
Annual Rental Income: 152849
Rental Performance: 0.1073
Owner Renatl Income 2023 Amount: 105513
Owner Renatl Income 2022 Amount: 123757
Owner Rental Income 2021 Amount: 113385
Listing Agent Remarks
Simply sensational & Turn Key TODAY! This quality build by Olin Finch has been lovingly cared for by the same homeowners for nearly 20 years with pride that shines through and through. The perfect coastal retreat & investor's dream just 2 lots from the oceanfront with effortless direct beach access located in an X Flood Zone with no through traffic on quiet cul-de-sac-like street. Keep your guests entertained with top amenities from private pool with composite-deck & rock surround, Hot tub, 2 outdoor showers and expansive game room with pool table, arcade game console, foosball, poolside Kitchenette, gas & charcoal grills, plus TWO sun decks on the front and rear of home lend ocean views! A fantastic floor-plan features 7 spacious Bedrooms (6 of which have direct bath access) with the Primary Bedroom located on top floor with oversized ensuite bath with large shower, jetted soaking tub and private access to rear sun deck. An enormous Great Room with vaulted ceilings entertains a crowd with gas fireplace, built-in cabinetry which flows effortlessly to lovely updated Kitchen, large dining area with ocean view, access to front and rear decks and Powder bath. The freshly updated Kitchen boasts gleaming granite countertops, stainless steel appliances and center island with counter-style dining. The home's mid-level features a gathering space ideal for TV watching or gaming and access to covered decks for lounging, 4 additional bedrooms, 2 with en suite baths and 2 with Jack and Jill style setup bath offering a dual vanity plus separate water/linen closets. The ground floor hosts BRs #6 and #7, a Laundry closet and Recreational Room Galore! All furnishings and decor convey with sale. Sellers have used the home frequently in the past, not maximizing rental income but have still managed to generate over $120k in income the past few seasons with plenty of opportunity for growth. Multiple rental Projections on file with EST GROSS ANNUAL INCOME at $153k! Recent Updates include-New Fortified Roof 2020, majority of home's Windows replaced 2023, New Range/Oven & 2 New refrigerators 2023, New gutters 2022- New HVAC bottom & middle floors 2021, New top front & rear Decks 2021, New Carpeting 2021, New Hot Tub and New Pool Pump 2020, New Exterior Pool Fence & gate 2021, New Washer/Dryer 2021. Property's 3D Virtual Tour COMING SOON! Don't hesitate on this one! All of the heavy lifting home improvements have been completed for you, all you need to do is relax! For 3D Virtual Tour copy and paste the following link: https://unbranded.youriguide.com/643_wave_arch_corolla_nc/
Directions
From Rt 12 North, Make right onto Seabird Way, Section O- Ocean Sands. Continue straight through stop signs to Ocean Lake Trail. Make right onto Wave Arch. House is on the left.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 643 Wave Arch in Corolla is provided
courtesy of Coldwell Banker Seaside Realty - KDH C: 252-202-2375. 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 643 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.
For Immediate Service
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