Listing Details For 614 Tern Arch in Corolla
Closing Price:
$1,900,000
$1,900,000
614 Tern Arch,
Corolla, NC 27927
8 bd
8 ba
4664 sq ft
MLS #: 120446
Status: Closed
Sold Details
Status: Closed
Sold Price: $1,730,000.00
Closing Date: 12/29/2022
Contract Date: 11/13/2022
Seller Concessions: Yes
Concession Comments: Price was reduced from the agreed upon contract price based on repairs (roof) and desk appraisal.
Total Days on Market:
Cumulative Days on Market: 46
Due Diligence Date: 12/14/2022
Listing Information
Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 46
Cumulative Days On Market: 46
Listing Price: $1,900,000
Original Listing Price: $1,900,000
Possession: Subject To Tenant Rights
Short Sale: No
Price Date: 1/3/2023
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: 4664
Asking Price Per SqFt: $407.00
Heated Living Area Sq Ft: 4664
BedroomsTotal: 8
Bathrooms Full: 8
Bathrooms Partial: 1
Year Built: 2005
Garage: Carport
Architectural Style: Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Stackable Washer/Dryer
Roof: Asphalt
Parking: Paved
Foundation: Piling
Pool: Yes
Pool Type: Private
Pool Features: In Ground, Outdoor Pool, Private
Counter Tops: Solid Surface
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s)
Heating: Central, Heat Pump
Room Type: Game Room, Home Theater
Flooring: Carpet, Tile
Construction Materials: Wood Siding
Legal Description
Section: H
County: Currituck
Subdivision: Ocean Sands
Deed Book: 1576
Deed Book Page Number: 387
County Pin Number: 126A0000039000H
Price Change: 1/2/2023
Block: na
Road Surface: Paved
Association Amenities: Ocean Access
Lot Details
Lot Features: Adj. To Common Area, Level
Waterfront: Semi-Oceanfront (2nd row)
View: Ocean
Property Type: Residential
Property Expenses & Utilities
Tax Year: 2022
Annual Property Taxes: $7,238.00
Home Oner Insurance Expense: 8308
Flood Zone: X
Flood Insurance Expense: 900
Water Source: Municipal
Yearly Water Expense: 360
Pool Or Spa Expense: 3450
Yearly Elecric Expense: 4400
Yearly Cable Tv Expense: 3442
Contract Status Change Date: 1/3/2023
Estimated Annual Fee Amt: $900.00
Sewer: Public Sewer
Association Fee Includes: Electricity, Maintenance Grounds, Management, Tennis Courts
Association Fee Yes or No: Yes
Financials
Bill Of Sale Amoung: 1
Electroni Locks: Leased
Bank/Institution Owned: No
Exterior: Lap Siding
Extras: Beach Access,Ceiling Fan(s),Covered Decks,Elevator,Hot Tub,Outside Shower,Smoke Detector(s),Sun Deck,Tiki Bar,Roof Top Deck,Dry Entry,Inside Laundry Room
Fuel Tanks: None
HOA Contact Name: Kathy Regan
Primary Residence: No
HOA Contact Info: kathy.regan@signaturetouc
Rental Income
There is no rental income information availableListing Agent Remarks
Fantastic opportunity to own a solid investment property priced right! Fintastic Views is a semi-oceanfront with near oceanfront views! This turnkey property has gorgeous views, tasteful decor, a great pool area to include a tiki bar and ample play space both in the huge kitchen/dining/living area and the awesome gameroom with plenty of toys including a theater room! The exterior is super low maintenance, with turf for grass - meaning no trying to cut around chairs and no muddy feet in the dirt! You'll love the rooftop deck, ample parking, the easy ocean access and the FANTASTIC numbers this 8 bedroom/8 bathroom home produces. The owner has replaced nearly all the furnishings in the past two years, had a full house interior paint and plenty of other updates. Fintastic Views did $180,000 in owner rents in 2022 - and that is with some owner usage - and there is already $120,000 booked for 2023! The house is scheduled to be caulked and painted starting mid-October so if you get this under contract soon, you can assist in picking the color! Well-priced, solid investments are hard to come by in this market so hurry in to show this to your investor clients!
Directions
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Program of the Outer Banks Association of REALTORS. This property located at 614 Tern Arch in Corolla is provided
courtesy of Coastal Outer Banks Realty . Information is believed to be accurate but is not
warranted. Copyrighted by Outer Banks Association of REALTORS. All Rights Reserved. IDX
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means the property at 614 Tern Arch in Corolla is no longer available for sale. If you are interested in this property
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