NOT LISTED FOR SALE

601 Wave Arch Corolla, NC 27927

Estimated Value: $1,642,000 - $1,901,000

6 Beds
6.5 Baths
3,798 Sq Ft
$468/Sq Ft Est. Value

Last Sold April 06, 2018

Last sale price $850,000 $224 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $10,559/month

1,563 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Second Refrigerator
  • Community Beach Access
  • Spa
  • Coastal Architecture

About This Home

As of April 2018

This gorgeous oceanfront home is the ideal setting for gatherings. 5 master bedrooms, a large gameroom with a kitchenette, and a bonus den area on the mid level. Exceptionally furnished with a New England nautical theme and perfectly maintained. The property sits just to the north of an open space to allow for maximum views. Strong rental history and raving reviews by guests. Home was built by Olin Finch.

Last Agent to Sell the Property

Heather McLay

Landmark Sotheby's Internation License #188982 Listed on: 11/03/2013

Landmark Sotheby's Internation

Last Buyer's Agent

Raju Uppalapati

Outer Banks Realty Group License #187530

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,091

Year Built

  • Built in 1998

Lot Details

  • Beach Front
  • Lot includes common area
  • Level Lot

HOA Fees

  • $100 Monthly HOA Fees

Parking

  • Paved Parking

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding

Interior Spaces

  • 3,798 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Pool

  • Spa
  • Outdoor Pool
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Patio
  • Exterior Lighting

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Municipal Utilities District Water
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot 49

Community Details

Overview

  • Built by Olin Finch
  • Ocean Sands Subdivision

Recreation

  • Community Beach Access
  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,091

Year Built

Built in 1998

Lot Details

0

HOA Fees

$100 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Directions: Turn into Sec O of Ocean Sands on Seabird Way. Turn left on Ocean Lake Trail, then right onto Wave Arch. Go to end and house is at end on right.
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Hot Tub, Jet Tub, Outside Lighting, Outside Shower, Patio, Smoke Detector(s), Sun Deck
  • Headline: BRING OFFER! Great value!!
  • Heated Sq Ft: 3798
  • Roads: Paved
  • Sale/Rent: For Sale
  • Section: O
  • Waterfront Location: Oceanfront
  • Zoning: RES
  • Deed Book Pg Number: 402
  • Major Subdivision: Ocean Sands
  • Office License Number: C4556
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 6
  • Floor Coverings: Carpet, Ceramic Tile
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Washer Connection, Wet Bar
  • Optional Rooms: Foyer, Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: Olin Finch
  • Construction: Frame, Wood
  • Exterior: Shakes, Wood
  • Pool: Yes
  • Pool: Association
  • Pool Type: Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Paved

Utilities

  • Cooling: Heat Pump, Zoned
  • Heating: Heat Pump, Zoned
  • Oilgas Severed Pre Owner: No Representation
  • Sewer/Septic System: Community Septic
  • Water: Municipal

Condo/Co-op/Association

  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis
  • Association Fee: Yes
  • Estimated Annual Fee: 1200

Lot Info

  • Lot Description: Adj. To Common Area, Beach Frontage, Level, Water Frontage
  • Lot Faces: W
  • Lot Number: Lot 49
  • Deed Book: 876

Rental Info

  • Lease Terms: Weekly
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: A Buoy and 4 Gulls
  • Rental Cottage Number: GOL49
  • Rental Phone Number: 2524571100
  • Rental Turnover Day: Sunday

Building Info

  • Year Built: 1998

Tax Info

  • Year: 2017
  • Taxes: 7091.15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2013
Closed on
Mar 29, 2018
Sold by
Mcmillan Peter B and Mcmillan Patricia W
Bought by
Family Time Please Llc
Seller's Agent
Heather McLay
Landmark Sotheby's Internation
Buyer's Agent
Raju Uppalapati
Outer Banks Realty Group
List Price
$1,199,000
Sold Price
$850,000
Premium/Discount to List
-$349,000
-29.11%
Current Estimated Value
$1,775,712

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$925,712
Avg. Annual Appreciation
10.00%
Original Mortgage
$600,000
Outstanding Balance
$505,420
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,270,292

Purchase Details

Closed on
Jun 7, 2005
Sold by
Queen Mary Corp
Bought by
Mcmillan Peter B and Mcmillan Patricia W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,045,000
Interest Rate
5.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Family Time Please Llc $850,000 None Available
Mcmillan Peter B $1,900,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Family Time Please Llc $600,000
Previous Owner Mcmillan Peter B $1,045,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/06/2018 04/06/18 Sold $850,000 -5.5% $224 / Sq Ft
02/13/2018 02/13/18 Pending -- -- --
01/18/2018 01/18/18 Price Changed $899,000 -4.3% $237 / Sq Ft
10/31/2017 10/31/17 Price Changed $939,000 -0.4% $247 / Sq Ft
08/25/2017 08/25/17 Price Changed $942,500 -21.4% $248 / Sq Ft
11/03/2013 11/03/13 For Sale $1,199,000 -- $316 / 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 $13,877 $1,228,800 $770,000 $458,800
2024 $13,877 $1,228,800 $770,000 $458,800
2023 $13,861 $1,228,800 $770,000 $458,800
2022 $9,987 $1,228,800 $770,000 $458,800
2021 $8,720 $1,035,700 $700,000 $335,700
2020 $7,532 $1,035,700 $700,000 $335,700
2019 $7,532 $1,035,700 $700,000 $335,700
2018 $7,637 $1,035,700 $700,000 $335,700
2017 $7,091 $1,035,700 $700,000 $335,700
2016 $6,354 $1,035,700 $700,000 $335,700
2015 $5,837 $1,035,700 $700,000 $335,700
Source: Public Records

Agents Affiliated with this Home

  • Heather McLay

    Seller's Agent in 2018

    Heather McLay

    Landmark Sotheby's Internation

    (252) 202-3409

    60 in this area

    150 Total Sales

    Heather McLay
    Section Image
  • Raju Uppalapati

    Buyer's Agent in 2018

    Raju Uppalapati

    Outer Banks Realty Group

    (252) 305-0707

    61 in this area

    80 Total Sales

    Raju Uppalapati
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 81211

Outer Banks Association of REALTORS®

APN: 126A-000-0049-000O

North Carolina Currituck County Corolla 27927

601 Wave Arch, Corolla, NC

Not Listed for Sale

Detached

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