Closing Price:
$2,300,000
713 Spinnaker Arch, Corolla, NC 27927
6 bd
5 ba
3673 sq ft
MLS #: 122589
Status: Closed

Sold Details

Status: Closed
Sold Price: $2,250,000.00
Closing Date: 8/29/2023
Contract Date: 7/23/2023
Seller Concessions: Yes
Concession Comments: 10k toward repairs -
Total Days on Market:
Cumulative Days on Market: 30
Due Diligence Date: 8/13/2023

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 30
Cumulative Days On Market: 30
Listing Price: $2,300,000
Original Listing Price: $2,300,000
Short Sale: No
Price Date: 8/30/2023
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: 3673
Asking Price Per SqFt: $626.00
Heated Living Area Sq Ft: 3673
BedroomsTotal: 6
Bathrooms Full: 5
Bathrooms Partial: 2
Year Built: 1998
Garage: Carport
Architectural Style: Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer, Wine Cooler
Roof: Asphalt
Parking: Off Street, Paved, Underground
Foundation: Piling, Slab
Pool: Yes
Pool Type: Private
Pool Features: Gunite, Heated Salt, Heated, In Ground, Private
Counter Tops: Granite
Cooling: Central Air, Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s)
Heating: Central, Heat Pump, Zoned
Room Type: Foyer, Game Room, Media Room, Office, Utility Room
Flooring: Hardwood, Tile
Construction Materials: Frame, Wood Siding

Legal Description

Section: Q
County: Currituck
Subdivision: Ocean Sands
Deed Book: 1427
Deed Book Page Number: 491
County Pin Number: 126A0000069000Q
Price Change: 8/29/2023
Block: -
Road Surface: Private
Association Amenities: Outdoor-Comm. Tennis

Lot Details

Lot Size Acres: 0.24
Lot Size Square Feet: 10400
Lot Features: Adj. To Common Area, Beach Frontage, Level, Waterfront
Water Frontage: 70
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2022
Annual Property Taxes: $9,487.00
Home Oner Insurance Expense: 2915
Flood Zone: X
Flood Insurance Expense: 1492
Other Insurance: 6948
Water Source: Municipal
Yearly Water Expense: 1680
Other Yearly Expense: 700
Pool Or Spa Expense: 4500
Yearly Expense: Actual
Yearly Elecric Expense: 4248
Yearly Telephone Expense: 571
Yearly Cable Tv Expense: 2320
Contract Status Change Date: 8/30/2023
Estimated Annual Fee Amt: $900.00
Sewer: Private Sewer
Maintenance Expense: 2500
Association Fee Includes: Tennis Courts
Other Expenses 2: 6700
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Electroni Locks: Leased
Bank/Institution Owned: No
Listing Restrictions: 1031 Tax Deferred Exch.
Exterior: Shakes
HashTag of Units: 0
Extras: Beach Access,Ceiling Fan(s),Elevator,Fenced Yard,Hot Tub,Outdoor Tennis,Screened Porch,Sun Deck,Dry Entry,Inside Laundry Room
Fuel Tanks: Leased
HOA Contact Name: Signature Touch
Primary Residence: No
Street Frontage : 80
HOA Contact Info: https://signaturetouchobx

Rental Income

Annual Rental Income: 241967
Rental Performance: 0.1075
Owner Renatl Income 2023 Amount: 109380
Avertised Income 2023 Amount: 114780
Owner Renatl Income 2022 Amount: 102790
Avertised Income 2021 Amount: 109090
Owner Rental Income 2021 Amount: 82940
Avertised Income 2021 Amount: 87890

Listing Agent Remarks

Experience the whimsical salty ocean views from this meticulously maintained coastal retreat with ELEVATOR! Two 2022 HVAC's, 2019 exterior paint, 2019 hot water heater, 2022 kitchen appliances, 2013 roof with 50 year architectural shingles offer piece of mind. Professionally decorated with soothing hues of blue combined with natural hardwood flooring and an abundance of sweeping windows create an atmosphere of freedom and grace. The top floor features an expansive, open floorplan with a well equipped kitchen, comfortable great room, magnificent dining area, sundecks, and screened porch. The grand ensuite bedroom features the best ocean views. The elevator takes you down to the midlevel featuring 4 bedrooms (2 ensuites) with ocean views and access to the decks and a foyer. The ground floor features upscale, durable, stone flooring throughout, a game room/media room. The backyard oasis boasts a SALTWATER, heated gunite pool with open space and green landscaping, and a hot tub under the twinkling starlight. This home is situated on a 10,400 square foot lot bordering open space offering protected, panoramic views! There is also a bedroom, bathroom, laundry area and a locked (from rental guests) room which the owners use as an office but could be used as a bonus theater room. These owners limited the rental use of "Barefoot Bungalow" from the rental market providing their family with awesome memories!

Directions

From Croatan Highway 158 turn North heading to Duck/Corolla on Highway 12 which is Ocean Trail. Travel through Duck into Corolla. Turn right onto Driftwood Way, turn left onto Spinnaker Arch an home is oceanfront next to open space.

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 713 Spinnaker Arch in Corolla is provided courtesy of Landmark Sotheby's International 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 713 Spinnaker 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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