NOT LISTED FOR SALE

502 Breakers Arch Corolla, NC 27927

Estimated Value: $1,495,000 - $3,649,000

4 Beds
2 Baths
2,694 Sq Ft
$1,063/Sq Ft Est. Value

Last Sold April 14, 2014

Last sale price $985,000 $366 Per Sq Ft

Est. 191% increase in value since last sale

Current estimated payment $16,180/month

16 Days on Market

Highlights

  • Beach Front
  • Coastal Architecture
  • Covered Deck
  • Ocean View
  • Furnished
  • Outdoor Shower

About This Home

As of April 2014

A truly unique, custom-designed home with thoughtful extras. Designed by a faculty member at Carnegie Mellon Univ, the home is as interesting as it is unique. The uppermost level family/kitchen/dining areas flow smoothly together, enhanced by the lovely wooden walls and matching kitchen cabinetry. An out-of-the-ordinary double-sided fireplace will warm you on the cooler OBX nights. You can enjoy incredible ocean views from the family area or from the large sundeck, which is just steps away outside. And, the first floor bedrooms provide immediate outdoor access thru individual sliding doors. There's a telescope and binoculars to take in the views of the ocean or surrounding dunes. A private boardwalk to the beach is just steps away. And for the little members of your party, there are swings and a playpen! Everything here meets your family's orders for comfort and pleasure both indoors and outdoors.

Last Agent to Sell the Property

Trisha Midgett

Midgett Realty - Rodanthe License #162204 Listed on: 01/14/2014

Co-Listed By

Jonathan Waddill

Surf or Sound Realty - Rodanthe License #237283

Last Buyer's Agent

Martha Springer

Twiddy and Company - Corolla License #135162

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,563

Year Built

  • Built in 1985

Lot Details

  • Beach Front
  • Level Lot

HOA Fees

  • $8 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Piling Construction

Interior Spaces

  • 2,694 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Wood Burning Fireplace
  • Ocean Views

Kitchen

  • Oven or Range
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Tuck Under Parking
  • Paved Parking

Outdoor Features

  • Outdoor Shower
  • Sun Deck
  • Covered Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Private or Community Septic Tank

Listing and Financial Details

  • Tax Lot 15

Community Details

Overview

  • Ocean Sands Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,563

Year Built

Built in 1985

Lot Details

0

HOA Fees

$8 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Outside Shower, Sun Deck
  • Flood Zone: VE
  • Heated Sq Ft: 2694
  • Potential Short Sale: Yes
  • Roads: Public
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 400
  • Major Subdivision: Ocean Sands
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Bedrooms: 4
  • Countertops: Laminate
  • Floor Coverings: Carpet, Vinyl
  • Foundation: Piling
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: Wood Fireplace

Exterior Features

  • Construction: Frame
  • Exterior: Lap Siding
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Under

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Forced Air, Heat Pump
  • Sewer/Septic System: Private Septic

Condo/Co-op/Association

  • Association Fee: Yes
  • Estimated Annual Fee: 100

Lot Info

  • Lot Description: Beach Frontage, Level
  • Lot Number: Lot 15
  • Deed Book: 190

Rental Info

  • Est Annual Rental Income: 55281
  • Estimated Rental Performance: 0.0561
  • Lease Terms: Weekly
  • Rental Co: Kitty Hawk Rentals
  • Rental Cottage Name: Sand Lark
  • Rental Cottage Number: 188
  • Rental Phone Number: 252-261-6605
  • Rental Turnover Day: Friday

Building Info

  • Year Built: 1985

Tax Info

  • Year: 2013
  • Taxes: 5562.77

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2014
Closed on
Apr 10, 2014
Sold by
Tyler John M and Tyler Michelle M
Bought by
Edsall Richard J and Edsall Leslie L
Seller's Agent
Trisha Midgett
Midgett Realty - Rodanthe
Buyer's Agent
Martha Springer
Twiddy and Company - Corolla
List Price
$1,050,000
Sold Price
$985,000
Premium/Discount to List
-$65,000
-6.19%
Current Estimated Value
$2,864,131

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,879,131
Avg. Annual Appreciation
9.55%
Original Mortgage
$417,000
Outstanding Balance
$315,863
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$2,548,268
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Edsall Richard J $985,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edsall Richard J $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/14/2014 04/14/14 Sold $985,000 -6.2% $366 / Sq Ft
01/30/2014 01/30/14 Pending -- -- --
01/14/2014 01/14/14 For Sale $1,050,000 -- $390 / Sq Ft
Source: Outer Banks Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $13,994 $1,878,700 $850,000 $1,028,700
2024 $13,978 $1,878,700 $850,000 $1,028,700
2023 $12,418 $1,878,700 $850,000 $1,028,700
2022 $10,280 $1,878,700 $850,000 $1,028,700
2021 $10,265 $1,707,700 $850,000 $857,700
2020 $9,548 $1,707,700 $850,000 $857,700
2019 $9,548 $1,707,700 $850,000 $857,700
2018 $9,548 $1,707,700 $850,000 $857,700
2017 $8,653 $1,707,700 $850,000 $857,700
2016 $8,673 $1,707,700 $850,000 $857,700
2015 -- $1,074,000 $850,000 $224,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 81913

Outer Banks Association of REALTORS®

APN: 126A-000-0015-000A