NOT LISTED FOR SALE

504 Breakers Arch Corolla, NC 27927

Estimated Value: $2,011,000 - $2,518,000

10 Beds
13 Baths
5,500 Sq Ft
$412/Sq Ft Est. Value

Last Sold August 14, 2020

Last sale price $1,650,000 $300 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $12,760/month

420 Days on Market

Highlights

  • Ocean Front
  • Outdoor Pool
  • Coastal Architecture
  • Home Theater
  • Second Refrigerator
  • Cathedral Ceiling

About This Home

As of August 2020

Semi-Oceanfront Investment Opportunity You Don't Want to Miss! Boasting phenomenal ocean views & countless amenities, it's no wonder this home is a consistently high rental producer. On the top floor you will find an open floor plan with stunning hardwood floors, three dining areas showcasing the surrounding ocean views, a great room with entertainment center & gas fireplace, and a kitchen equipped with two refrigerators, dishwashers, and ovens to make hosting large groups a piece of cake! Enjoy privacy from this levels king master bedroom with whirlpool tub & private deck to soak up the ocean breeze, as well as a queen master bedroom, and half bath. On the second floor you are greeted by a spacious second den with direct deck access, theater room, four master bedrooms (K, K, Q, 2Duo Bunks), a half bath, and one of two laundry rooms. Make your way to the first floor where you will find four more master bedrooms (K, K, Q, 2T), a game room with wet bar, pool table, queen sleeper sofa & entertainment center, half bath, and second laundry room with ample storage space. The homes elevator makes unloading an easy process for all. Time spent outdoors is always a success at Beachy Keen where you will find an outside wet bar, picnic table seating, a heated private pool and hot tub. Situated on a large lot backing up to open space and just a short walk or bike ride to local shops & restaurants, this home is the ideal location for family & friends.

Last Agent to Sell the Property

Hunter Davis

Twiddy and Company - Corolla License #301647 Listed on: 05/09/2019

Co-Listed By

Martha Springer

Twiddy and Company - Corolla License #135162

Last Buyer's Agent

Chandler Spawr

Coastal Property Partners License #190456

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,632

Year Built

  • Built in 2003

Lot Details

  • Ocean Front
  • Cul-De-Sac
  • Fenced Yard

HOA Fees

  • $8 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 5,500 Sq Ft Home
  • Elevator
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Home Theater
  • Game Room
  • Ocean Views

Kitchen

  • Built-In Oven
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

  • Outdoor Pool
  • Spa
  • Heated Pool
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Tiki or Chickee Hut

Utilities

  • Heat Pump System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Community Details

  • Kathy Regan, Signature Touch Association, Phone Number (252) 441-8857
  • Ocean Sands Subdivision

Listing and Financial Details

  • Tax Lot #14

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,632

Year Built

Built in 2003

Lot Details

0

HOA Fees

$8 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Directions: Head north on Rt. 12, east on Ocean Way, take your first right and head south on Breakers Arch, home will be on your right.
  • Extras: Ceiling Fan(s), Common Laundry Area, Covered Decks, Elevator, Fenced Yard, Hot Tub, Outside Shower, Sun Deck, Tiki Bar, Inside Laundry Room
  • Flood Zone: X
  • Headline: Semi-OF Investment Opportunity
  • Heated Sq Ft: 5500
  • L V T Date: 05/09/2019
  • Roads: Paved
  • Sale/Rent: For Sale
  • Section: A
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: Res
  • Deed Book Pg Number: 382
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Ocean Sands
  • Newpoint Media: Yes
  • Office License Number: C4556
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 10
  • Floor Coverings: Carpet, Tile, Hardwood
  • Full Bathrooms: 10
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ensuite, Washer Connection, 1st Flr Ensuite
  • Optional Rooms: Game Room, Home Theater
  • Partial Bathrooms: 3

Exterior Features

  • Construction: Frame
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Paved, Off Street

Utilities

  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Condo/Co-op/Association

  • Association Fee: Yes
  • Estimated Annual Fee: 100
  • Hoa Contact: Kathy Regan, Signature Touch
  • HOA Contact: 252-441-8857

Lot Info

  • Lot Description: Cul-de-sac
  • Lot Number: Lot#14
  • Deed Book: 629

Rental Info

  • Lease Terms: Weekly
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Beachy Keen
  • Rental Cottage Number: G101
  • Rental Phone Number: 252-457-1100
  • Rental Turnover Day: Sunday
  • Rental Contact Email: jkavanaugh@twiddy.com
  • Rental Contact Name: Jen Kavanaugh

Building Info

  • Year Built: 2003

Tax Info

  • Year: 2019
  • Taxes: 5632.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2019
Closed on
Aug 11, 2020
Sold by
Moriarty John M and Moriarty Anne M
Bought by
Gwyn Nicholas C and Gwyn Brigitte S
Seller's Agent
Hunter Davis
Twiddy and Company - Corolla
Buyer's Agent
Chandler Spawr
Coastal Property Partners
List Price
$1,749,000
Sold Price
$1,650,000
Premium/Discount to List
-$99,000
-5.66%
Current Estimated Value
$2,267,326

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$617,326
Avg. Annual Appreciation
6.09%
Original Mortgage
$1,320,000
Outstanding Balance
$1,165,650
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$1,101,676

Purchase Details

Closed on
Nov 22, 2002
Bought by
Elrefai Mohamed A and Moriarty John M
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
Gwyn Nicholas C $1,650,000 None Available
Elrefai Mohamed A $529,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gwyn Nicholas C $1,320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/14/2020 08/14/20 Sold $1,650,000 -5.7% $300 / Sq Ft
07/02/2020 07/02/20 Pending -- -- --
05/09/2019 05/09/19 For Sale $1,749,000 -- $318 / 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 $10,469 $1,377,700 $400,000 $977,700
2024 $10,469 $1,377,700 $400,000 $977,700
2023 $10,487 $1,377,700 $400,000 $977,700
2022 $7,462 $1,377,700 $400,000 $977,700
2021 $7,447 $1,011,700 $420,000 $591,700
2020 $5,632 $1,011,700 $420,000 $591,700
2019 $5,632 $1,011,700 $420,000 $591,700
2018 $5,632 $1,011,700 $420,000 $591,700
2017 $5,106 $1,011,700 $420,000 $591,700
2016 $5,106 $1,011,700 $420,000 $591,700
2015 $5,106 $1,011,700 $420,000 $591,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 105111

Outer Banks Association of REALTORS®

APN: 126A-000-0014-000A