Listing Details For 703 Spinnaker Arch in Corolla

Closing Price:
$999,900
703 Spinnaker Arch, Corolla, NC 27927
6 bd
3 ba
2891 sq ft
MLS #: 106891
Status: Closed

Sold Details

Status: Closed
Sold Price: $935,000.00
Closing Date: 1/17/2020
Contract Date: 12/22/2019
Seller Concessions: Yes
Concession Comments: $6k for windows and repairs
Total Days on Market:
Cumulative Days on Market: 73
Due Diligence Date: 1/17/2020

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 73
Cumulative Days On Market: 73
Listing Price: $999,900
Original Listing Price: $999,900
Short Sale: No
Price Date: 1/17/2020
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 2891
Asking Price Per SqFt: $346.00
Heated Living Area Sq Ft: 2891
BedroomsTotal: 6
Bathrooms Full: 3
Bathrooms Partial: 1
Year Built: 1989
Garage: None
Architectural Style: Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: 2nd Refrigerator, Disposal, Dryer, Dishwasher, Indoor Grill, Refrigerator w/Ice Maker, Range/Oven, Washer, Wine Cooler
Roof: Asphalt
Parking: Off Street
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: Gunite, In Ground, Private
Counter Tops: Granite
Cooling: Central Air, Zoned
Interior Features: Cathedral Ceiling(s), Wet Bar
Heating: Electric, Heat Pump
Room Type: Game Room, Loft, Office
Flooring: Concrete, Tile, Vinyl
Construction Materials: Frame, Wood Siding

Legal Description

Section: Q
County: Currituck
Subdivision: Ocean Sands
Subdivision Name: Ocean Sands
Deed Book: 1192
Deed Book Page Number: 263
County Pin Number: 126A0000064000Q
Price Change: 1/16/2020
Block: NA
Road Surface: Paved, Private
Association Amenities: Ocean Access

Lot Details

Lot Size Acres: 0.16
Lot Size Dimensions: approx. 7000 sq/ft
Lot Size Square Feet: 7000
Lot Features: Beach Frontage
Lot Faces: E
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2019
Annual Property Taxes: $6,990.00
Home Oner Insurance Expense: 604
Flood Zone: X
Flood Insurance Expense: 2586
Wind Insurance: 3080
Water Source: Municipal
Contract Status Change Date: 1/17/2020
Estimated Annual Fee Amt: $480.00
Sewer: Shared Septic
Association Fee Includes: Electricity, Common Insurance, Management, Road Maintenance, Walkways
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Electroni Locks: Owned
Bank/Institution Owned: No
Exterior: Vinyl
Extras: Ceiling Fan(s),Covered Decks,Fenced Yard,Hot Tub,Outside Lighting,Outside Shower,Smoke Detector(s),Sun Deck
Fuel Tanks: Owned
Primary Residence: No

Rental Income

Annual Rental Income: 136470
Rental Performance: 0.146

Listing Agent Remarks

PRICED RIGHT with NEW WINDOWS & MORE RECENT UPDATES! Own on the OCEANFRONT in X ZONE for under $1M with an expected 13.6% ROI! Property has stayed dry storm after storm, unlike many neighboring homes! Used for the past years as a second home, but has rented beautifully in the past. RENTAL INCOME PROJECTED at $136,000+Advertised. Newly UPDATED KITCHEN with GRANITE, NEW CABINETRY, and brand NEW STAINLESS STEEL APPLIANCES! Seller has lovingly maintained and constantly improved the home. New Exterior siding in 2016, NEW exterior stairs and Decking with built-in seating 2016. This Bright & fresh, friendly-feeling oceanfront brings a colorful and airy vibe with plenty of updates. EASY BEACH ACCESS at LIFEGUARDED BEACH. The top-level living space is delightful, greeting you with 180 DEGREE breath-taking OCEAN VIEWS. The open generously-sized main living space hosts a sweet Ship's watch with ample built-in bench-style seating and recliner, the perfect place to take in the sunrise over morning coffee, curl up with a book or to lounge with friends while dolphin watching. You'll find a large well-stocked, ceramic-tiled kitchen with gorgeous granite countertops and bar with additional stool-style seating, a built-in countertop-indoor-grill perfect for roasting your oysters, a wine cooler, and more. The living area and dining room boast durable LVT flooring, leather sofas, a cozy gas fire place, LED Flatscreen TV, DVD, Stereo, large dining table and NEW Anderson windows and doors which lead to a 280 sq ft sundeck space with built-in seating. A quaint loft overlooks the Great room living space and offers yet additional ocean views whether relaxing and reading, lounging in front of tv, or working at the built-in workspace. The middle level of the home features four spacious bedrooms with adjoining baths and also features the NEW LVT Flooring throughout. The two king bedrooms offer access to oceanfront decks with ocean views and the two additional bedrooms are established as twin and bunk suites. The lower level offers a game room with extra refrigerator, sitting area with TV/gaming system and access to the pool patio featuring a spacious pool deck perfect for entertaining, an eight person hot tub (2013), ceramic-tiled wet bar with mini fridge, outdoor lighting, large picnic table, large charcoal grill, 3 outdoor showers (2 enclosed), fish cleaning station and nicely sized 14 x 26 pool with light, perfect for night swimming. The beach path is easily accessed from the rear pool gate making beach going a breeze and the Lifeguarded beach provides peace of mind. The ground floor of the home also hosts two additional bedrooms, one king with semi-private bath and one queen, both offering private access to the pool patio and all of its amenities. There is a laundry closet with newer washer and dryer and a second owners' closet for storage under the stairs. Improvements include: Windows Fall 2019. The previously mentioned Kitchen cabinet Refacing and New SS Appliances (2018), Low-Maintenance Vinyl Siding, decks and sand filter for pool (2016), LVT flooring, washer & dryer, electric stove (2015), All TVs/DVD players, microwave, hot tub and wifi operated front door lock (2013), 2 new heat pumps & 1 Air handler, Bar and downstairs refrigerators & stair carpeting (2012). Enjoy the newly constructed bike paths and the close proximity Section Q puts you to Timbuck II for your shopping and dining pleasure in the heart of Corolla! Easy to show with no renters! Don't let this deal get away! ****To view aerial drone video please copy and paste below link: https://youtu.be/ePge0KMhKEQp

Directions

Make Right onto Driftwood Way at Ocean Sands Section Q, follow directly to end of street.

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 703 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 703 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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