NOT LISTED FOR SALE

520 Breakers Arch Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $1,202,000 - $1,276,126

6 Beds
6 Baths
3,202 Sq Ft
$387/Sq Ft Est. Value

Last Sold February 27, 2015

Last sale price $595,000 $186 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $7,346/month

89 Days on Market

Highlights

  • Concrete Pool
  • Cathedral Ceiling
  • Corner Lot
  • Second Refrigerator
  • Wood Flooring
  • Furnished

About This Home

As of February 2015

Pristine home in section A! This spacious home will provide all the ingredients for a relaxing and fun vacation! Well-equipped beach house with many extras and lots of decking on the upper two levels. The house is perfect for family reunions and the large great room on the top level is a perfect gathering space for family time. The open kitchen allows for lots of hands to help prepare family meals. Enjoy morning coffee on the east facing deck and watch the sun rise. Recent updates include two new air conditioner units (2014), exterior repainted in 2013, new carpet in living areas 2013 and new living room & mid level tv room furniture (2013). Upgrades include hardwood floors, tile, granite counters and new furniture. Enjoy the private 12 x 28 pool and a relaxing soak in the hot tub. House sits on over-sized corner lot in uncrowded Sect. A of Ocean Sands. Short walk to ocean and offering Fantastic Ocean Views. This is the turn key house your clients have been looking for!

Last Agent to Sell the Property

Randy Jones

EXP Realty, LLC - Coastal License #187811 Listed on: 10/01/2014

EXP Realty, LLC - Coastal

Last Buyer's Agent

Richard Tolson

RT Realty OBX, LLC License #119826

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,162

Year Built

  • Built in 2002

Lot Details

  • Corner Lot
  • Level Lot

HOA Fees

  • $8 Monthly HOA Fees

Home Design

  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction

Interior Spaces

  • 3,202 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Washer and Dryer Hookup

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom

Pool

  • Concrete Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Patio

Utilities

  • Heat Pump System
  • Municipal Utilities District Water

Community Details

  • Built by Don Shotton
  • Ocean Sands Subdivision

Listing and Financial Details

  • Tax Lot 6

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,162

Year Built

Built in 2002

Lot Details

0

HOA Fees

$8 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: N on 12, past Pine Island, turn rt on Ocean Way(Sec A), rt on Breakers Arch
  • Extras: Ceiling Fan(s), Covered Decks, Hot Tub, Outside Shower, Patio, Sun Deck
  • Flood Zone: X
  • Headline: This is the One!
  • Heated Sq Ft: 3202
  • Roads: Paved
  • Sale/Rent: For Sale
  • Section: A
  • Waterfront Location: More than 5th row
  • Zoning: R
  • Deed Book Pg Number: 0808
  • Major Subdivision: Ocean Sands
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Range/Oven, Refrigerator w/Ice Maker, 2nd Refrigerator
  • Bedrooms: 6
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Washer Connection
  • Partial Bathrooms: 2

Exterior Features

  • Homebuilder: Don Shotton
  • Construction: Frame, Wood
  • Pool: Yes
  • Pool: Private
  • Pool Type: Concrete
  • Roof: Asphalt/Fiber Shingle

Utilities

  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Oilgas Severed Pre Owner: No Representation
  • Water: Municipal

Condo/Co-op/Association

  • Estimated Annual Fee: 100
  • Home Owner Dwelling Insurance: 5890

Lot Info

  • Lot Description: Corner, Level
  • Lot Faces: E
  • Lot Number: Lot 6
  • Deed Book: 0246

Rental Info

  • Est Annual Rental Income: 39771
  • Estimated Rental Performance: 0.0668
  • Flood Expenses: 460
  • Poolspa Expense: 2400
  • Rental Co: Resort Realty
  • Rental Cottage Name: Drifting Aimlessly
  • Rental Cottage Number: 1974
  • Rental Phone Number: 252-453-8700
  • Rental Turnover Day: Sat
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 1432
  • Annual Electric: 2735
  • Annual Telephone Expense: 376
  • Annual Water Expense: 522

Building Info

  • Year Built: 2002

Tax Info

  • Year: 2014
  • Taxes: 3162.5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2014
Closed on
Feb 27, 2015
Sold by
Slepitza Mark A and Slepitza Catherine E
Bought by
Mcguire Michael S and Mcguire Alexis L
Seller's Agent
Randy Jones
EXP Realty, LLC - Coastal
Buyer's Agent
Richard Tolson
RT Realty OBX, LLC
List Price
$648,975
Sold Price
$595,000
Premium/Discount to List
-$53,975
-8.32%
Current Estimated Value
$1,237,782

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$642,782
Avg. Annual Appreciation
7.19%
Original Mortgage
$297,500
Outstanding Balance
$114,604
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$1,102,702
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
Mcguire Michael S $595,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcguire Michael S $297,500
Previous Owner Slepitza Mark A $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2015 02/27/15 Sold $595,000 -8.3% $186 / Sq Ft
12/29/2014 12/29/14 Pending -- -- --
10/01/2014 10/01/14 For Sale $648,975 -- $203 / 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 $5,312 $692,100 $220,000 $472,100
2023 $5,312 $677,900 $220,000 $457,900
2022 $3,893 $677,900 $220,000 $457,900
2021 $3,878 $587,400 $200,000 $387,400
2020 $3,486 $587,400 $200,000 $387,400
2019 $3,486 $587,400 $200,000 $387,400
2018 $3,486 $587,400 $200,000 $387,400
2017 $3,163 $587,400 $200,000 $387,400
2016 $3,163 $587,400 $200,000 $387,400
2015 $3,163 $587,400 $200,000 $387,400
Source: Public Records

Agents Affiliated with this Home

  • Randy Jones

    Seller's Agent in 2015

    Randy Jones

    EXP Realty, LLC - Coastal

    (252) 202-2573

    31 in this area

    116 Total Sales

    Randy Jones
    Section Image
  • Richard Tolson

    Buyer's Agent in 2015

    Richard Tolson

    RT Realty OBX, LLC

    (252) 202-9199

    4 in this area

    64 Total Sales

    Richard Tolson
    Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 85388

Outer Banks Association of REALTORS®

APN: 126A-000-0006-000A

North Carolina Currituck County Corolla 27927 Corolla

520 Breakers Arch, Corolla, NC

This home is located at 520 Breakers Arch, Corolla, NC 27927 since 01 October 2014 and is currently estimated at $1,237,782, approximately $386 per square foot. This property was built in 2002. 520 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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