NOT LISTED FOR SALE

506 Breakers Arch Corolla, NC 27927

Estimated Value: $1,470,000 - $1,574,000

7 Beds
7 Baths
3,932 Sq Ft
$389/Sq Ft Est. Value

Last Sold November 08, 2022

Last sale price $1,520,000 $387 Per Sq Ft

Current estimated payment $8,527/month

45 Days on Market

Highlights

  • Community Beach Access
  • In Ground Pool
  • Cathedral Ceiling
  • Ocean View
  • Second Refrigerator
  • Hydromassage or Jetted Bathtub

About This Home

As of November 2022

This home has better location, beach access and ocean views than most semi-oceanfront homes!.. Just 150’ to the private beach access! 1/2 acre elevated site in Section A of Ocean Sands South! Incredible, sweeping ocean views to the southeast! " Corolla Horizon " has a fabulous layout, almost 4000 sf heated, 7BR's 5 Full Baths and 2 half baths! Huge game room with small kitchenette, Billiard Table plus sitting area, opens to a large pool w/ lots of room to spread out! All bedrooms are spacious, 3 are master suites and 3 of the 4 other BR's have adjoining baths! Laundry room on mid level! Large great room with a big kitchen, dual dishwashers, huge island bar plus adjoining dining area (could double as home office)... great for card games and also doubles as a sunroom! Great room is adjacent to large open oceanside decks and a southern exposed screened porch! Quality wood accents, gas log fireplace with built-in entertainment center! Whole house charcoal filtration system and a hot water recirculation system. New exterior paint! Quiet Cul-de- sac location, direct ocean access, 6 owner closets, no through traffic here! Recent Improvements: All new Tv’s in the last year, two new heat pumps (one in 2021 the other in 2022), 25 of the windows were upgraded last year, new concrete coping and tile in the swimming pool 2018, New vinyl railing on decks (2016 & 2019) and Roof replaced 2016.

Last Agent to Sell the Property

Daniel Fenyak

Outer Banks Blue Realty Srvcs. License #103918 Listed on: 06/21/2022

Last Buyer's Agent

Jack Cook

ROG OBX, Inc License #223869

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,589

Year Built

  • Built in 2000

Lot Details

  • Lot Dimensions are 118x170
  • Level Lot
  • Property is zoned SFO

HOA Fees

  • $10 Monthly HOA Fees

Home Design

  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Cement Board or Planked

Interior Spaces

  • 3,932 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Screened Porch
  • Ocean Views

Kitchen

  • Breakfast Area or Nook
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • En-Suite Primary Bedroom
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Outdoor Pool
  • Vinyl Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Hot Water Heating System
  • Well
  • Fuel Tank
  • Private or Community Septic Tank

Listing and Financial Details

  • Tax Lot 13

Community Details

Overview

  • Kimberly Galub Association, Phone Number (703) 405-4410
  • Ocean Sands Subdivision

Recreation

  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,589

Year Built

Built in 2000

Lot Details

0

HOA Fees

$10 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Extras: Ceiling Fan(s), Covered Decks, Hot Tub, Jet Tub, Outside Shower, Screened Porch, Sun Deck
  • Flood Zone: X
  • Headline: Beautiful Ocean Views
  • Heated Sq Ft: 3932
  • L V T Date: 06/21/2022
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: A
  • Waterfront Location: 2 - lots from oceanfront (3rd row
  • Zoning: SFO
  • Advertised Income 2020: 102675
  • Advertised Income 2021: 106082
  • Advertised Income 2022: 123871
  • Deed Book Pg Number: 667
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Ocean Sands
  • Newpoint Media: Yes
  • Office License Number: C15771
  • 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, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 7
  • Countertops: Granite
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Tile
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ensuite, Washer Connection
  • Optional Rooms: Breakfast Nook
  • Partial Bathrooms: 2

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Vinyl, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: Carport

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Electric, Hot Water, Zoned
  • Fuel Tanks: Leased
  • Sewer/Septic System: Private Septic
  • Water: Well

Condo/Co-op/Association

  • Association Amenities: Ocean Access
  • Association Fee: Voluntary - Restrictive Covenants May Apply
  • Estimated Annual Fee: 125
  • Hoa Contact: Kimberly Galub
  • HOA Contact: 7034054410
  • Home Owner Dwelling Insurance: 1332

Lot Info

  • Lot Description: Level
  • Lot Size: 118X170
  • Lot Number: Lot 13
  • Deed Book: 1292

Rental Info

  • Flood Expenses: 797
  • Lease Terms: Weekly
  • Other Expenses: 120
  • Other Expenses2: 430
  • Other Insurance Expenses: 347
  • Poolspa Expense: 2636
  • Rental Co: Outer Banks Blue
  • Rental Cottage Name: Corolla Horizon
  • Rental Cottage Number: OS3A
  • Rental Phone Number: 2522551220
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Actual
  • Annual Electric: 4541
  • Annual Telephone Expense: 1043
  • Rental Contact Email: debbie@outerbanksblue.com
  • Rental Contact Name: Debbie Runnells
  • Rental Contact Phone: 2522551220

Building Info

  • Year Built: 2000

Tax Info

  • Year: 2022
  • Taxes: 4589.43

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2022
Closed on
Oct 24, 2022
Sold by
Chinnici Joseph S and Chinnici Patricia A
Bought by
Heemstra Pieter and Heemstra Katie
Seller's Agent
Daniel Fenyak
Outer Banks Blue Realty Srvcs.
Buyer's Agent
Jack Cook
ROG OBX, Inc
List Price
$1,790,000
Sold Price
$1,520,000
Premium/Discount to List
-$270,000
-15.08%
Current Estimated Value
$1,517,527

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,473
Avg. Annual Appreciation
0.23%
Original Mortgage
$1,216,000
Outstanding Balance
$1,174,370
Interest Rate
6.92%
Mortgage Type
New Conventional
Estimated Equity
$356,753

Purchase Details

Closed on
May 28, 2014
Sold by
Jewell In The Crown Llc
Bought by
Chinnici Joseph S and Chinnici Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$579,000
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2012
Sold by
Kelsey Sidney H and Kelsey Carolyn A
Bought by
Jewel In The Crown Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage
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
Heemstra Pieter $15,200 --
Chinnici Joseph S -- None Available
Jewel In The Crown Llc $850,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heemstra Pieter $1,216,000
Previous Owner Chinnici Joseph S $579,000
Previous Owner Jewel In The Crown Llc $595,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/08/2022 11/08/22 Sold $1,520,000 -10.1% $387 / Sq Ft
08/05/2022 08/05/22 Pending -- -- --
07/05/2022 07/05/22 Price Changed $1,690,000 -5.6% $430 / Sq Ft
06/21/2022 06/21/22 For Sale $1,790,000 -- $455 / 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 $6,518 $840,800 $310,000 $530,800
2024 $6,518 $840,800 $310,000 $530,800
2023 $6,489 $840,800 $310,000 $530,800
2022 $4,859 $840,800 $310,000 $530,800
2021 $4,844 $754,200 $325,000 $429,200
2020 $4,392 $754,200 $325,000 $429,200
2019 $4,381 $754,200 $325,000 $429,200
2018 $4,381 $754,200 $325,000 $429,200
2017 $3,983 $754,200 $325,000 $429,200
2016 $3,973 $754,200 $325,000 $429,200
2015 $3,973 $754,200 $325,000 $429,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 119385

Outer Banks Association of REALTORS®

APN: 126A-000-0013-000A