Seller's Agent in 2021
Heather VanderMyde
Coldwell Banker Seaside Realty - KDH
(252) 202-2375
67 in this area
364 Total Sales
500 Breakers Arch Corolla, NC 27927
Estimated Value: $2,314,000 - $4,765,553
5
Beds
3
Baths
2,306
Sq Ft
$1,369/Sq Ft
Est. Value
Highlights
- 100 Feet of Waterfront
- Contemporary Architecture
- Hydromassage or Jetted Bathtub
- Ocean View
- Cathedral Ceiling
- Loft
About This Home
As of January 2021Location, location, location! This oceanfront property offers a rare opportunity to own over 30,000 s/f in Ocean Sands South and in an X Flood Zone (no flood insurance required). It has been blessed (and continues to be blessed) with accretion (growth of the dune). Property should accommodate up to 10 bedrooms and pool should a buyer want to to remove existing house and maximize lot. This home is in the highly sought after section of Ocean Sands with the spacious lots, less crowded beaches, and expansive sandy white beaches. It just doesn't get any better than this for a perfect stretch of beach! If you're looking for a modest beach cottage to use now while having the option to maximize into a rental machine or sell as a desirable oceanfront lot later. Home sits far back from the massive vegetated dune line, down a private driveway accessed through a cul-de-sac. One of the few communities in Corolla that offers 30,000 plus of oceanfront property and at the same time the privacy of a cul-de-sac. Feel safe walking your dog or riding bikes with your family without a lot of traffic. Rare find! The main level of this house has a unique kitchen with a circular dining area; a living area, a master bedroom, and 2 bedrooms that share an adjoining bathroom. The upper level has a loft area, the 4th bedroom with a balcony and the 5th bedroom shared bathroom. Visualize the potential! For aerial video copy and paste link below: https://www.youtube.com/watch?v=3yEcgul2GtM and for 3D Tour see virtual tour above.
Last Agent to Sell the Property
Coldwell Banker Seaside Realty - KDH License #207518 Listed on: 10/25/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,788
Year Built
- Built in 1983
Lot Details
- 0.69 Acre Lot
- Lot Dimensions are 100x301x106x309
- 100 Feet of Waterfront
- Ocean Front
- Cul-De-Sac
HOA Fees
- $21 Monthly HOA Fees
Home Design
- Contemporary Architecture
- Frame Construction
- Asphalt Shingled Roof
- Piling Construction
- Vinyl Construction Material
Interior Spaces
- 2,306 Sq Ft Home
- Furnished
- Cathedral Ceiling
- Ceiling Fan
- Skylights
- Loft
- Screened Porch
- Ocean Views
Kitchen
- Oven or Range
- Microwave
- Dishwasher
- Laminate Countertops
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
- Hydromassage or Jetted Bathtub
Laundry
- Dryer
- Washer
Parking
- Tuck Under Parking
- Paved Parking
Outdoor Features
- Sun Deck
Utilities
- Central Heating and Cooling System
- Municipal Utilities District Water
- Private or Community Septic Tank
Community Details
- Ocean Sands South Poa, Phone Number (252) 453-8559
- Ocean Sands Subdivision
Listing and Financial Details
- Tax Lot #16
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 5, 2023
Sold by
Soldo Aleksandra and Soldo Haralairibos
Bought by
500 Breakers Arch Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,562,500
Outstanding Balance
$3,452,526
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
-$295,675
Purchase Details
Listed on
Oct 25, 2020
Closed on
Dec 17, 2020
Sold by
Mattu Rohini K and Mattu Lyra
Bought by
Soldo Aleksandra and Garofalis Haralambos
Seller's Agent
Heather VanderMyde
Coldwell Banker Seaside Realty - KDH
Buyer's Agent
Heather McLay
Landmark Sotheby's Internation
List Price
$1,175,000
Sold Price
$1,139,000
Premium/Discount to List
-$36,000
-3.06%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.87%
Original Mortgage
$854,250
Interest Rate
2.7%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jun 7, 2017
Sold by
Shangrila Associates Ocean Sands and Mattu Rohini K
Bought by
Mattu Rohini K and Mattu Lyra R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,000
Interest Rate
3.95%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 17, 2009
Sold by
Shangrila Associates Ocean Sands
Bought by
Mattu Rohini K and Mattu Lyra
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,000
Interest Rate
5.26%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 500 Breakers Arch Llc | $28,500,000 | None Listed On Document | |
| Soldo Aleksandra | $1,139,000 | None Available | |
| Mattu Rohini K | -- | First Title | |
| Mattu Rohini K | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 500 Breakers Arch Llc | $3,562,500 | |
| Previous Owner | Soldo Aleksandra | $854,250 | |
| Previous Owner | Mattu Rohini K | $445,000 | |
| Previous Owner | Mattu Rohini K | $163,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/12/2021 01/12/21 | Sold | $1,139,000 | -3.1% | $494 / Sq Ft |
| 10/27/2020 10/27/20 | Pending | -- | -- | -- |
| 10/25/2020 10/25/20 | For Sale | $1,175,000 | -- | $510 / Sq Ft |
Source: Outer Banks Association of REALTORS®
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $14,327 | $1,977,700 | $850,000 | $1,127,700 |
| 2024 | $14,327 | $1,977,700 | $850,000 | $1,127,700 |
| 2023 | $5,721 | $850,000 | $850,000 | $0 |
| 2022 | $4,771 | $850,000 | $850,000 | $0 |
| 2021 | $5,886 | $1,017,500 | $833,000 | $184,500 |
| 2020 | $5,712 | $1,017,500 | $833,000 | $184,500 |
| 2019 | $5,712 | $1,017,500 | $833,000 | $184,500 |
| 2018 | $5,788 | $1,017,500 | $833,000 | $184,500 |
| 2017 | $5,178 | $1,017,500 | $833,000 | $184,500 |
| 2016 | $5,178 | $1,017,500 | $833,000 | $184,500 |
| 2015 | $5,178 | $1,017,500 | $833,000 | $184,500 |
Source: Public Records
Agents Affiliated with this Home
-
Heather VanderMyde
-
Heather McLay
Buyer's Agent in 2021
Heather McLay
Landmark Sotheby's Internation
(252) 202-3409
60 in this area
150 Total Sales
-
Ashley Ladd
Buyer Co-Listing Agent in 2021
Ashley Ladd
Twiddy and Co. - Duck
(919) 592-7346
18 in this area
41 Total Sales
Map
Source: Outer Banks Association of REALTORS®
MLS Number: 111620
APN: 126A-000-0016-000A
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