NOT LISTED FOR SALE

607 Tide Arch Corolla, NC 27927

Estimated Value: $1,848,000 - $3,010,709

0.23 Acre
$10,763,813 Price per Acre
9,841 Sq Ft Lot

Last Sold June 06, 2014

Last sale price $695,000

Est. 256% increase in value since last sale

Current estimated payment $14,577/month

79 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Tennis Courts
  • Community Beach Access
  • Community Pool
  • Level Lot

About This Lot

As of June 2014

One of the prettiest beaches in Corolla! This homesite can accommodate up to a 10-bedroom home with pool. Low developer pricing for a limited time. Come see and compare. If you thought owning Oceanside in Corolla was out of reach, check out Ocean Lakes. Final subdivision plat has not been approved or recorded and is subject to change. A contract may be terminated without breach, if the final record plat differs in any material respect from the preliminary plat (per NCGS 153A-334). Cashflow for an 8-bedroom luxury oceanfront= under $1,900,000 including furniture, heated pool, gazebo, etc. Rental projections of $205,000. 10%+ GRI/PP!!! Ocean Lakes at Ocean Sands offers a setting perfect for every member of your family. Combining the ease of beach living with an extraordinary array of nearby recreational amenities, this very special neighborhood puts all the best that Corolla has to offer right at your doorstep. A short walk to the Olympic-sized community pool, separate kid’s pool and tennis. Wide beaches, a stocked 10-acre lake, world-class golf, tennis, dining and shopping and the history of the Outer Banks are all around you. Beautiful new homes are just completed or under construction now. Stop by anytime to see how handsome Ocean Lakes is turning out to be! Several homes available for walkthrough on short notice. House plans and pricing, as well as special financing information, available in associated documents or contact the listing agent.

Last Agent to Sell the Property

Sarah Spencer

Keller Williams - Outer Banks License #185795 Listed on: 01/18/2014

Keller Williams - Outer Banks

Last Buyer's Agent

Sumit Gupta

VR Real Estate Advisors, LLC License #212627

Property Details

Property Type

  • Land

Lot Details

  • 9,841 Sq Ft Lot
  • Beach Front
  • Level Lot
  • Cleared Lot

HOA Fees

  • $69 Monthly HOA Fees

Additional Features

  • Ocean Views
  • Municipal Utilities District for Water and Sewer

Community Details

Overview

  • Association fees include common electric, common insurance, management, pool, road maintenance, security, tennis courts, walkways
  • Bob Defazio Association, Phone Number (252) 453-2105
  • Ocean Sands Subdivision

Recreation

  • Community Beach Access
  • Tennis Courts
  • Community Pool

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$69 per month

Listing Details

  • Class: LOTS/LAND
  • Directions: R onto Seabird Way. Continue onto Ocean Lake Trail. Turn R onto Tide Arch.
  • Flood Zone: AE
  • Subdivision Name: Ocean Lakes, Sec O, Phase 4-B
  • Headline: build your 10-bedroom OF here!
  • Phase: 4-B
  • Roads: Paved
  • Sale/Rent: For Sale
  • Section: Sec O
  • Waterfront Location: Oceanfront
  • Zoning: res
  • Major Subdivision: Ocean Sands
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Ocean

Utilities

  • Sewer/Septic System: Municipal Sewer
  • Water: Municipal
  • Electric: Available

Condo/Co-op/Association

  • Association Amenities: Ocean Access, Outdoor-Comm. Tennis, Outdoor-Comm. Pool
  • Association Fee: Yes
  • Estimated Annual Fee: 830
  • Hoa Contact: Bob DeFazio
  • HOA Contact: 252-453-2105
  • Fee Includes: Common Electric, Common Insurance, Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways

Lot Info

  • Estimated Lot Sq Ft: 9841
  • Lot Description: Beach Frontage, Level, Water Frontage, Cleared
  • Lot Faces: E
  • Unit/Lot Number: Lot #119

Tax Info

  • Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2014
Closed on
Jun 11, 2014
Sold by
Coastland Development & Sales Inc
Bought by
Carter Anthony T and Carter Allison A
Seller's Agent
Sarah Spencer
Keller Williams - Outer Banks
Buyer's Agent
Sumit Gupta
VR Real Estate Advisors, LLC
List Price
$695,000
Sold Price
$695,000
Current Estimated Value
$2,475,677

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,780,677
Avg. Annual Appreciation
11.59%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Carter Anthony T $695,000 None Available
Coastland Development & Sales Inc -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/06/2014 06/06/14 Sold $695,000 0.0% --
04/07/2014 04/07/14 Pending -- -- --
01/18/2014 01/18/14 For Sale $695,000 -- --
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 $18,449 $1,635,800 $770,000 $865,800
2024 $18,433 $1,635,800 $770,000 $865,800
2023 $17,117 $1,635,800 $770,000 $865,800
2022 $13,280 $1,635,800 $770,000 $865,800
2021 $11,266 $1,313,400 $700,000 $613,400
2020 $6,304 $1,313,400 $700,000 $613,400
2019 $9,332 $1,313,400 $700,000 $613,400
2018 $0 $1,313,400 $700,000 $613,400
2017 $8,787 $1,313,400 $700,000 $613,400
2016 $7,868 $1,313,400 $700,000 $613,400
2015 -- $700,000 $700,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 81952

Outer Banks Association of REALTORS®

APN: 126A-000-0119-000O