NOT LISTED FOR SALE

607 Ocean Front Arch Corolla, NC 27927

Estimated Value: $1,865,986 - $2,233,000

7 Beds
6.5 Baths
4,098 Sq Ft
$497/Sq Ft Est. Value

Last Sold September 27, 2019

Last sale price $1,150,000 $281 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $11,959/month

78 Days on Market

Highlights

  • Community Beach Access
  • Home Theater
  • Second Refrigerator
  • Ocean Front
  • In Ground Pool
  • Contemporary Architecture

About This Home

As of September 2019

Vacation in Carolina Style! This 7 bedroom, oceanfront home features 5 master bedrooms, open concept living/dining room and amazing ocean views. Relax and enjoy everything that this comfortable home has to offer: plenty of room to spread out, private pool, hot tub, game room and media room. Ground floor features 2 bedrooms, a bathroom, game room with a pool table, wet bar and full size fridge, media room and a half bath. Second level offers 4 master bedrooms and a den with foosball table. Top level features high ceilings, open floor design, well stocked kitchen with granite counter tops, great room with gas fire place, half bath, master suite and stunning views. Walk out to sun deck where you can watch sunrise over the Atlantic Ocean or look for dolphins playing in the waves. Walking to the beach is so easy with walkway right next door. Ocean Sands offers miles of wide, soft-sandy, lifeguarded beaches. Location is perfect with community pool and tennis just short walk away. Close to grocery store, shopping and numerous activities that Corolla has to offer including wild horse tours, Currituck Club Golf Course and Corolla Light Lighthouse. Great rental income is an icing on the cake. Rents have been increasing over the past 3 years: $96,930.25 in 2016, $109,860 in 2017 and $121,495 in 2018. Come and see it for yourself

Last Agent to Sell the Property

Anna Hunt

Brindley Beach Vacations & Sales - KH License #231616 Listed on: 05/21/2019

Last Buyer's Agent

Jane Plante

Coldwell Banker Seaside Realty - KDH License #286312

Coldwell Banker Seaside Realty - KDH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,475

Year Built

  • Built in 2000

Lot Details

  • 6,098

HOA Fees

  • $102 Monthly HOA Fees

Parking

  • Paved Parking

Home Design

  • Contemporary Architecture
  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Shake Siding
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 4,098 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Home Theater
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Fiberglass Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District for Water and Sewer

Additional Features

  • Sun Deck
  • Ocean Front

Listing and Financial Details

  • Tax Lot #32

Community Details

Overview

  • Association fees include common electric, common insurance, walkways
  • Built by Olin Finch
  • Ocean Sands Subdivision

Recreation

  • Community Beach Access
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,475

Year Built

Built in 2000

Lot Details

0

HOA Fees

$102 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan
  • Directions: Off NC 12 going N, turn right onto Seabird Way, right onto Ocean Front Arch,
  • Extras: Beach Access, Ceiling Fan(s), Hot Tub, Outside Shower, Smoke Detector(s), Sun Deck
  • Subdivision Name: Ocean Sands
  • Headline: Oceanfront Home in Corolla!
  • Heated Sq Ft: 4098
  • L V T Date: 05/21/2019
  • Roads: Paved
  • Sale/Rent: For Sale
  • Section: O
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 627
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Ocean Sands
  • Newpoint Media: Yes
  • Office License Number: C14121
  • 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, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Refrigerator
  • Bedrooms: 7
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Foundation: Piling, Slab
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ensuite, Washer Connection, Wet Bar
  • Optional Rooms: Game Room, Home Theater
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: Olin Finch
  • Construction: Frame
  • Exterior: Shakes, Vinyl
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Fiberglass, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Paved

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Walkways
  • Association Amenities: Ocean Access, Outdoor-Comm. Tennis
  • Association Fee: Yes
  • Estimated Annual Fee: 1225

Lot Info

  • Lot Number: Lot #32
  • Deed Book: 1324

Rental Info

  • Flood Expenses: 760
  • Lease Terms: Weekly
  • Other Expenses: 1800
  • Other Insurance Expenses: 5800
  • Poolspa Expense: 3000
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Carolina Style
  • Rental Cottage Number: GOL11
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 1300
  • Annual Electric: 4900
  • Annual Water Expense: 800

Building Info

  • Year Built: 2000

Tax Info

  • Year: 2017
  • Taxes: 7475

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2019
Closed on
Sep 27, 2019
Sold by
Tp Realty Investments 1 Llc
Bought by
Smith Phillip N and Smith Barbara Bailey
Seller's Agent
Anna Hunt
Brindley Beach Vacations & Sales - KH
Buyer's Agent
Jane Plante
Coldwell Banker Seaside Realty - KDH
List Price
$1,299,000
Sold Price
$1,150,000
Premium/Discount to List
-$149,000
-11.47%
Current Estimated Value
$2,037,247

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$887,247
Avg. Annual Appreciation
9.57%
Original Mortgage
$977,500
Outstanding Balance
$861,584
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,175,663

Purchase Details

Closed on
Apr 23, 2015
Sold by
Carolina Coastal Investments Llc
Bought by
Tp Realty Investments I Llc
Source: Public Records

Range of Values:

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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
Smith Phillip N $1,150,000 None Available
Tp Realty Investments I Llc $1,050,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Phillip N $977,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2019 09/27/19 Sold $1,150,000 -11.5% $281 / Sq Ft
08/07/2019 08/07/19 Pending -- -- --
05/21/2019 05/21/19 For Sale $1,299,000 -- $317 / 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 $14,201 $1,257,700 $770,000 $487,700
2024 $14,201 $1,257,700 $770,000 $487,700
2023 $14,185 $1,257,700 $770,000 $487,700
2022 $10,218 $1,257,700 $770,000 $487,700
2021 $8,921 $1,090,200 $700,000 $390,200
2020 $7,927 $1,090,200 $700,000 $390,200
2019 $7,927 $1,090,200 $700,000 $390,200
2018 $8,038 $1,090,200 $700,000 $390,200
2017 $7,476 $1,090,200 $700,000 $390,200
2016 $6,698 $1,090,200 $700,000 $390,200
2015 -- $1,090,200 $700,000 $390,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 105232

Outer Banks Association of REALTORS®

APN: 126A-000-0032-000O