NOT LISTED FOR SALE

512 Breakers Arch Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $2,198,000 - $2,550,000

10 Beds
10.5 Baths
6,951 Sq Ft
$335/Sq Ft Est. Value

Last Sold November 08, 2019

Last sale price $1,545,000 $222 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $13,720/month

62 Days on Market

Highlights

  • Community Beach Access
  • Home Theater
  • Second Refrigerator
  • Ocean View
  • Concrete Pool
  • Craftsman Architecture

About This Home

As of November 2019

Ocean Views ALL DAY LONG in an "EXTREMELY Rare" location. Closer distance to the beach access or equal to many semi-oceanfront lots in Corolla!!!!! So, really........ how many homes are truly built for their highest and best use? How many homes built over the years have had the vision and insight as to where the real estate market was going? Then look at the homes on the market and say to yourself "Even if I buy the home and renovate it, is the structure really built for its highest and best use?" I have a strong suspicion the answer 9 times out of 10 will be "No". Hitting the ceiling on land potential is the name of the game and "Coastal Dalliance" is just that. A perfectly executed home of vision and design. This is absolutely not your standard rental home floor plan. This 7000 square foot home is "Wide Open". Cannot stand the term "Open Concept" because its overused and normally not applicable? This home is actually a real "Open Concept" floor plan. This is an investment property that actually feels like a "Home" and not a "Hotel". "Coastal Dalliance" can potentially generate 197k annually in"advertised" income and has the potential for significant additional income. Looking for a turn key investment that doesn't need a HUGE renovation and also built for its highest and best use. Your options are extremely limited, so look no further.

Last Agent to Sell the Property

Tim Lancsek

Surfside Realty License #210399 Listed on: 07/26/2019

Surfside Realty

Last Buyer's Agent

Carol Perry

Sun Realty - KDH License #204144

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,976

Year Built

  • Built in 2012

Lot Details

  • 0.62 Acre Lot
  • Landscaped
  • Level Lot
  • Sprinkler System

Parking

  • Paved Parking

Home Design

  • Craftsman Architecture
  • Coastal Architecture
  • Reverse Style Home
  • Asphalt Shingled Roof
  • Wood Siding
  • Lap Siding
  • Piling Construction

Interior Spaces

  • 6,951 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • Entrance Foyer
  • Home Theater
  • Game Room
  • Screened Porch
  • Ocean Views

Kitchen

  • Built-In Oven
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Wine Cooler
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Accessible Home Design

  • Handicap Accessible

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Covered Deck
  • Patio
  • Exterior Lighting

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Listing and Financial Details

  • Tax Lot 10

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include walkways
  • Built by Olin Finch
  • Ocean Sands Subdivision

Recreation

  • Community Boardwalk
  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,976

Year Built

Built in 2012

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Nags Head, Craftsman, Coastal
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Elevator, Handicap Friendly, Hot Tub, Jet Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Patio, Screened Porch, Security System, Smoke Detector(s)
  • Flood Zone: X
  • Subdivision Name: Ocean Sands South
  • Headline: +Cashflow without Renovation!!
  • Heated Sq Ft: 6951
  • L V T Date: 07/26/2019
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: 4 - lots from oceanfront (5th row)
  • Zoning: Residentia
  • Deed Book Pg Number: 346
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Ocean Sands
  • Newpoint Media: Yes
  • Office License Number: C21933
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Machine, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator, Wine Cooler
  • Bedrooms: 10
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Wood
  • Foundation: Piling
  • Full Bathrooms: 10
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Ice Maker Connection, Ensuite, Pantry, Some Windows Treated, Washer Connection, Wet Bar
  • Optional Rooms: Foyer, Game Room, Pantry, Shipswatch, Home Theater, Media Room
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: Olin Finch
  • Construction: Wood
  • Exterior: Lap Siding, Wood
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Concrete, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Paved

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Electric, Forced Air, Heat Pump, Zoned
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Walkways
  • Association Amenities: Ocean Access, Board Walk
  • Association Fee: Voluntary - Restrictive Covenants May Apply

Lot Info

  • Estimated Lot Sq Ft: 27000
  • Lot Description: Level
  • Lot Faces: East
  • Lot Size: 27000 Sq Feet- Pie Shaped
  • Lot Number: Lot 10
  • Estimated Lot Size: 0.62
  • Deed Book: 1169

Rental Info

  • Est Annual Rental Income: 197610
  • Estimated Rental Performance: 0.1279
  • Lease Terms: Weekly
  • Rental Co: Carolina Designs
  • Rental Cottage Name: Coastal Dalliance
  • Rental Cottage Number: 954
  • Rental Phone Number: 2524571200
  • Rental Turnover Day: Sunday

Building Info

  • Year Built: 2012

Tax Info

  • Year: 2018
  • Taxes: 4976

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2020
Sold by
Kapko Kenneth John and Kapko Christy
Bought by
512 Breakers Arch Llc
Current Estimated Value
$2,326,195

Purchase Details

Listed on
Jul 26, 2019
Closed on
Oct 29, 2019
Sold by
Harris Richard S and Harris Luana
Bought by
Kapko Kenneth John
Seller's Agent
Tim Lancsek
Surfside Realty
Buyer's Agent
Carol Perry
Sun Realty - KDH
List Price
$1,599,900
Sold Price
$1,545,000
Premium/Discount to List
-$54,900
-3.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.48%

Purchase Details

Closed on
Jul 29, 2011
Sold by
Holley Leon and Holley Pauline
Bought by
Harris Ii Richard S
Source: Public Records

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Range of Values:

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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
512 Breakers Arch Llc -- None Available
Kapko Kenneth John $1,545,000 None Available
Harris Ii Richard S $225,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 512 Breakers Arch Llc $250,000
Previous Owner Harris Ii Richard S $240,000
Previous Owner Harris Ii Richard S $150,000
Previous Owner Harris Ii Richard S $770,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2019 11/08/19 Sold $1,545,000 -3.4% $222 / Sq Ft
09/26/2019 09/26/19 Pending -- -- --
07/26/2019 07/26/19 For Sale $1,599,900 -- $230 / 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
2024 $9,149 $1,191,700 $220,000 $971,700
2023 $9,149 $1,191,700 $220,000 $971,700
2022 $6,761 $1,191,700 $220,000 $971,700
2021 $6,746 $934,100 $200,000 $734,100
2020 $5,435 $934,100 $200,000 $734,100
2019 $5,415 $934,100 $200,000 $734,100
2018 $5,415 $934,100 $200,000 $734,100
2017 $4,910 $934,100 $200,000 $734,100
2016 $4,910 $934,100 $200,000 $734,100
2015 $4,910 $934,100 $200,000 $734,100
Source: Public Records

Agents Affiliated with this Home

  • Tim Lancsek

    Seller's Agent in 2019

    Tim Lancsek

    RE/MAX

    (252) 619-6089

    54 in this area

    137 Total Sales

    Tim Lancsek
    Section Image
  • Carol Perry

    Buyer's Agent in 2019

    Carol Perry

    Sun Realty - KDH

    (252) 207-5554

    4 in this area

    49 Total Sales

    Carol Perry
    Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 105962

Outer Banks Association of REALTORS®

APN: 126A-000-0010-000A

North Carolina Currituck County Corolla 27927 Corolla

512 Breakers Arch, Corolla, NC

This home is located at 512 Breakers Arch, Corolla, NC 27927 since 26 July 2019 and is currently estimated at $2,326,195, approximately $334 per square foot. This property was built in 2012. 512 Breakers Arch is a home located in Currituck County with nearby schools including Knotts Island Elementary School, Currituck County Middle School, and Currituck County High School.

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