NOT LISTED FOR SALE

605 Tern Arch Corolla, NC 27927

Estimated Value: $2,124,089 - $2,251,000

7 Beds
9 Baths
4,574 Sq Ft
$477/Sq Ft Est. Value

Last Sold March 24, 2021

Last sale price $1,499,000 $328 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $12,717/month

57 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Second Refrigerator
  • Community Beach Access
  • Indoor Pool
  • Coastal Architecture

About This Home

As of March 2021

Oceanfront rental favorite complete with 7 en suite bedrooms, 7.5 bathrooms, elevator, game room and private pool/hot tub. Enjoy captivating ocean views from the open flow top floor where you will find a comfortable family room with fireplace, spacious dining area big enough for a large group, a smaller intimate dining area, and a stylish kitchen with stainless steel appliances, pantry and breakfast bar. The upscale cabinetry combined with the gorgeous hardwood floors and attractive décor set the tone for this custom-built oceanfront retreat. The first of the en suite bedrooms is found on this floor. Ocean views and a large custom tiled bathroom with double vanities and jet tub are featured. The mid level is comprised of 4 en suite guest rooms, each with custom tiled private bathrooms. One guestroom even has a private oceanside balcony- a perfect spot to stargaze or enjoy the sun coming up. The ground floor is where you will find the remaining two en suite bedrooms. The variety of sleeping configurations throughout the house easily allows for a large gathering of vacationers and access from floor to floor is easy with the convenient elevator. Also on the ground level is another half bath and the large game room (with pool table and wet bar) which leads out to the private pool, hot tub and outside shower. The boardwalk to the beach is steps away atop a well-established dune. Designed for large, comfortable gatherings this elegant Ocean Sands seaside retreat offers the amenities of the Ocean Lakes Swim and Tennis Club as well as a location close to restaurants, shopping and attractions found in the northern beaches. Supported by strong rentals, “Pain Relief” is the perfect remedy for those seeking a second home rental investment.

Last Agent to Sell the Property

Matt Myatt

Keller Williams - Outer Banks License #218707 Listed on: 12/12/2020

Keller Williams - Outer Banks

Co-Listed By

Terry Blocher

Keller Williams - Outer Banks License #271673

Last Buyer's Agent

Four Seasons Realty

Four Seasons Realty License #177785

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,874

Year Built

  • Built in 2005

Lot Details

  • Beach Front

HOA Fees

  • $102 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 4,574 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Family Room
  • Dining Room
  • Game Room
  • Ocean Views

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

  • Indoor Pool
  • Outdoor Pool
  • Vinyl Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Fuel Tank
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot #42

Community Details

Overview

  • Association fees include common electric, common insurance, management, road maintenance, tennis courts, walkways
  • Signature Touch Property Mngmt Association, Phone Number (252) 441-8857
  • Built by Shoreline Builders
  • Ocean Sands Subdivision

Recreation

  • Community Beach Access
  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,874

Year Built

Built in 2005

Lot Details

0

HOA Fees

$102 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Ocean Trail to East on Seabird Way, turn right onto Sanderling Trail, turn left onto Tern Arch.
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Elevator, Hot Tub, Jet Tub, Outside Lighting, Outside Shower, Sun Deck, Dry Entry
  • Headline: Oceanfront & Elevator!
  • Heated Sq Ft: 4574
  • L V T Date: 12/12/2020
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: H
  • Waterfront Location: Oceanfront
  • Zoning: res
  • Advertised Income 2020: 151425
  • Advertised Income 2021: 172901
  • Deed Book Pg Number: 494
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Ocean Sands
  • Newpoint Media: Yes
  • Office License Number: C30917
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Countertop Range, Dishwasher, Dryer, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 7
  • Bedroom 1: 11x15, On Level: 2
  • Bedroom 2: 14x11, On Level: 1
  • Bedroom 3: 11x12, On Level: 1
  • Bedroom 4: 11x13, On Level: 1
  • Bedroom 5: 11x11, On Level: 1
  • Bedroom 6: 11x13, On Level: Ground
  • Bedroom 7: 11x11, On Level: Ground
  • Kitchen: On Level: 2
  • Countertops: Granite
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Ceramic Tile, Wood
  • Foundation: Piling
  • Full Bathrooms: 7
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Some Windows Treated, Washer Connection, Wet Bar
  • Dining Room: On Level: 2
  • Family Room: On Level: 2
  • Game Room: On Level: Ground
  • Optional Rooms: Game Room
  • Partial Bathrooms: 2

Exterior Features

  • Homebuilder: Shoreline Builders
  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Indoor, Outdoor, Vinyl, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Heat Pump
  • Fuel Tanks: Leased
  • Sewer/Septic System: Community Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Management, Road Maintenance, Tennis Courts, Walkways
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis
  • Association Fee: Yes
  • Estimated Annual Fee: 1225
  • Hoa Contact: Signature Touch Property Mngmt
  • HOA Contact: 252-441-8857

Lot Info

  • Lot Description: Beach Frontage
  • Lot Faces: E
  • Lot Number: Lot #42
  • Deed Book: 819

Rental Info

  • Est Annual Rental Income: 151425
  • Estimated Rental Performance: 0.101
  • Lease Terms: Weekly
  • Rental Co: Shoreline OBX
  • Rental Cottage Name: Pain Relief
  • Rental Cottage Number: OSH-1
  • Rental Phone Number: 252-261-5300
  • Rental Turnover Day: Saturday
  • Rental Contact Email: jennifer@shorelineobx.com
  • Rental Contact Name: Jennifer Hurd
  • Rental Contact Phone: 252-261-5300

Building Info

  • Year Built: 2005

Tax Info

  • Year: 2020
  • Taxes: 7874

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2020
Sold by
Rr And H Partnership
Bought by
Gegus Mary Beth and Watson Daniel Lee
Current Estimated Value
$2,180,696

Purchase Details

Closed on
Nov 9, 2004
Bought by
Rr And H Partnership
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gegus Mary Beth $1,499,000 None Available
Rr And H Partnership $1,300,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2021 03/24/21 Sold $1,499,000 0.0% $328 / Sq Ft
02/07/2021 02/07/21 Pending -- -- --
12/12/2020 12/12/20 For Sale $1,499,000 -- $328 / 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 $14,278 $1,262,200 $770,000 $492,200
2024 $14,278 $1,262,200 $770,000 $492,200
2023 $14,236 $1,262,200 $770,000 $492,200
2022 $10,254 $1,262,200 $770,000 $492,200
2021 $8,969 $1,081,100 $700,000 $381,100
2020 $7,874 $1,081,100 $700,000 $381,100
2019 $7,861 $1,081,100 $700,000 $381,100
2018 $7,971 $1,081,100 $700,000 $381,100
2017 $7,413 $1,081,100 $700,000 $381,100
2016 $6,642 $1,081,100 $700,000 $381,100
2015 -- $1,081,100 $700,000 $381,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 112151

Outer Banks Association of REALTORS®

APN: 126A-000-0042-000H