Listing Details For 701 Spinnaker Arch in Corolla

Closing Price:
$1,299,900
701 Spinnaker Arch, Corolla, NC 27927
4 bd
3 ba
2484 sq ft
MLS #: 113260
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,300,000.00
Closing Date: 6/24/2021
Off Market Date: 3/27/2021
Contract Date: 4/17/2021
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 35
Due Diligence Date: 6/1/2021

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 35
Cumulative Days On Market: 35
Listing Price: $1,299,900
Original Listing Price: $1,399,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 6/25/2021
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 2484
Asking Price Per SqFt: $523.00
Heated Living Area Sq Ft: 2484
BedroomsTotal: 4
Bathrooms Full: 3
Bathrooms Partial: 1
Year Built: 1988
Architectural Style: Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: Dryer, Dishwasher, Microwave, Refrigerator, Range/Oven, Washer
Roof: Asphalt
Parking: Paved, Underground
Foundation: Piling, Slab
Pool: Yes
Pool Type: Private
Pool Features: Concrete, Heated, Private
Counter Tops: Granite
Cooling: Central Air
Interior Features: Beamed Ceilings, Pantry
Heating: Central
Room Type: Loft
Flooring: Carpet, Ceramic Tile, Hardwood
Construction Materials: Frame, Wood Siding

Legal Description

Section: Q
County: Currituck
Subdivision: Ocean Sands
Deed Book: 532
Deed Book Page Number: 933
County Pin Number: 126A0000063000Q
Price Change: 6/24/2021
Block: N/A
Road Surface: Paved
Association Amenities: Common Area, Ocean Access

Lot Details

Lot Features: Cul-De-Sac, Level
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2020
Annual Property Taxes: $6,849.00
Flood Zone: X
Water Source: Municipal
Contract Status Change Date: 6/25/2021
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
Bank/Institution Owned: No
Exterior: Shakes,Wood
Extras: Beach Access,Covered Decks,Hot Tub,Outside Shower,Sun Deck
HOA Contact Name: Helen Regan
Primary Residence: No
HOA Contact Info: (252) 441-8857

Rental Income

Annual Rental Income: 111285
Rental Performance: 0.0856
Owner Rental Income 2021 Amount: 102155
Avertised Income 2021 Amount: 97155

Listing Agent Remarks

A real turnkey find: Beautiful oceanfront with pool/hot tub that’s your perfect family beach house but also a rental producer that pays for itself! Over 20 years of attentive maintenance and updating have turned this charmer into a one-of-a-kind offering in convenient Ocean Sands – in an X flood zone so no flood insurance required. Only a few homes have this expansive outdoor pool area with 15 x 30 pool and hot tub, where all can play, dine, sun and swim. The house has four bedrooms plus what the children and grandchildren claim as "their special place" - a 3-twin bed loft overlooking the great room with spectacular ocean views. Attention to detail means in the past few years: new HVAC, new roof, refinished pool, new pool heater, exterior painting, new deck boards, gas fireplace, washer/dryer, appliances, and other furnishings that make this beach house a "home" -- whether it's for a week or a month. Seller has always limited rentals to reduce wear and tear yet 2021 rents total $102k (if owner didn’t take weeks) and that’s just 4/18-10/10 and doesn’t include Easter nor Thanksgiving weeks. Level one includes four bedrooms (2 masters) with three, recently updated baths. The main living level has panoramic views and features an open floor plan with a great room, dining area, and alcove desk, all accented with whitewashed beadboard. Updated kitchen has bar seating and is stocked for everything from cookouts to Thanksgiving. Exterior has a 2-car carport, double outdoor shower and storage. Step out the back gate for beach access to the walkway, just one house over. Ocean Sands-section Q is an unbeatable location, minutes to grocery, restaurants and shopping at Timbuck II – close enough for walking or biking on the new Corolla bike paths. Copy & Paste link for aerial video: https://www.youtube.com/watch?v=0HYHurYPaKc Copy and paste Link for 3D Virtual Tour: https://my.matterport.com/show/?m=YpSQSwnBhHm&mls=1

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 701 Spinnaker 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 701 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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