NOT LISTED FOR SALE

608 Wave Arch Corolla, NC 27927

Estimated Value: $1,345,833 - $1,705,000

8 Beds
8.5 Baths
3,850 Sq Ft
$396/Sq Ft Est. Value

Last Sold July 20, 2020

Last sale price $1,075,000 $279 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $8,866/month

109 Days on Market

Highlights

  • Community Beach Access
  • In Ground Pool
  • Contemporary Architecture
  • Ocean Front
  • Second Refrigerator
  • Cathedral Ceiling

About This Home

As of July 2020

LOCATION, VIEWS, FRESHLY RENOVATED, ELEVATOR with OCEAN VIEW, and an X Flood Zone, so NO Flood Insurance required! Just 25 Steps to the direct Beach Access, this property is Fresh, Vibrant, and Professionally Decorated and has been Meticulously Maintained with High End Coastal Furnishings...not to mention well appointed and over stocked to provide all the comforts of home and more! Over $120,500 in '19 Rentals Income...IMPRESSIVE INCOME PRODUCER WITH 11% GROSS RENTAL RETURN, and has the feel of a true 2nd Home! Open up rentals in the off season, and they have potential to reach over $130,000! This stylish and thoughtfully designed semi-oceanfront with Ocean View Elevator boasts expansive views of the Ocean from most of the upper level, and offers the perfect balance of multiple wide open common spaces on each floor, luxury with each bedroom offering a private en-suite bath, and a fresh coastal style. Multiple decks, a charming porch swing, and a generous pool area with high end furniture provide ample space to relax. A beach bar, boat bar, flat screen TVs with DIRECTV in all bedrooms and common areas are just the start – this is a sophisticated, fun and comfortable coastal compound. MASSIVE RENOVATION COMPLETED in 2017-2018 – REMODELED and overstocked Kitchen with Quartz Counters, New Island, New Cabinetry, New Stainless Appliances, and New Tile Backsplash; NEW Mid/Lower Level HVAC (air handler and heat pump...Upper level NEW in 2014) 2017/2018, NEW high end Furniture, Bedding, Memory Foam Mattresses, Light Fixtures, Plantation Blinds, and Shiplap details; NEW Luxury Vinyl Plank Flooring, and NEW Interior Paint! The Top Level offers abundant Ocean Views, Open Floor Plan with seating for 22, Renovated Kitchen, Gas Fireplace, Slipcovered Furniture, Renovated Powder Room, King Master Suite with Custom Barn Doors leading to private bath, an Ocean View Sun Deck, and a Rear Deck overlooking the Pool area. The Mid Level continues with the New Luxury Vinyl Flooring, and 4 Bedrooms each with a Private en-suite Bathroom including a custom built Twin Boat Bedroom, and a spacious Bonus Den that opens to a large deck with an outdoor pool table! The Lower Level offers 3 more Bedrooms, Game Room with Custom Ping Pong table and Shuffleboard, comfortable common area for lounging with another fridge, Laundry Room, and direct access to the outside Pool area. You will be absolutely wowed by the details of this home! Outside the fun continues with Basketball, a Custom Beach Bar, Custom Outdoor Dining Table, Private Pool with built in ledge seating, Hot Tub, Charcoal Park Grill, and Outside Shower! This home also offers a custom private gated access to its 'sister' home at 620 WAVE ARCH, which is also FOR SALE (MLS 108499) … purchase both properties to create a 15 bedroom compound of fun!

Last Agent to Sell the Property

Heather Sakers

Coldwell Banker Seaside Realty KH License #255119 Listed on: 02/21/2020

Coldwell Banker Seaside Realty KH

Co-Listed By

Charles Gill

Coldwell Banker Seaside Realty KH License #273660

Last Buyer's Agent

Matt Myatt

Keller Williams - Outer Banks License #218707

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,045

Year Built

  • Built in 2003

Lot Details

  • 6,000 Sq Ft Lot
  • Lot Dimensions are 60x100
  • Ocean Front
  • Property fronts a private road
  • Level Lot

HOA Fees

  • $102 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 3,850 Sq Ft Home
  • Elevator
  • 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
  • Solid Surface Countertops

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting
  • Tiki or Chickee Hut
  • Storage Shed

Utilities

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

Listing and Financial Details

  • Tax Lot 75

Community Details

Overview

  • Association fees include management, pool, road maintenance, security, tennis courts, walkways
  • Ocean Sands HOA
  • Ocean Sands Subdivision

Recreation

  • Community Boardwalk
  • Community Beach Access
  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,045

Year Built

Built in 2003

Lot Details

0

HOA Fees

$102 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan
  • Directions: East on Seabird Way, veer Right onto Ocean Lake Trail. 1st Left on Wave Arch. Home on Left...semi Oceanfront.
  • Extras: Ceiling Fan(s), Covered Decks, Elevator, Hot Tub, Jet Tub, Outside Lighting, Outside Shower, Smoke Detector(s), Storage Shed, Sun Deck, Tiki Bar, Inside Laundry Room
  • Flood Zone: X
  • Headline: SHOW STOPPING SEMI OF ~ 11%GRR
  • Heated Sq Ft: 3850
  • L V T Date: 02/21/2020
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Section: O
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: RES
  • Advertised Income 2020: 95940
  • Deed Book Pg Number: 152
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Ocean Sands
  • Newpoint Media: Yes
  • Office License Number: C7166
  • 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 Dishwasher, 2nd Refrigerator
  • Bedrooms: 8
  • Bedroom 1: KING MASTR, On Level: 3
  • Bedroom 2: KING BR, On Level: 2
  • Bedroom 3: QUEEN MSTR, On Level: 2
  • Bedroom 4: TWIN/BUNK, On Level: 2
  • Bedroom 5: TWIN BOAT, On Level: 2
  • Bedroom 6: KING MASTR, On Level: 1
  • Bedroom 7: QUEEN MSTR, On Level: 1
  • Bedroom 8: 2 TWINS, On Level: 1
  • Kitchen: OCEAN VIEW, On Level: 3
  • Countertops: Solid Surface
  • Floor Coverings: Carpet, Ceramic Tile, Wood Laminate
  • Foundation: Slab
  • Full Bathrooms: 8
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Gas Fireplace, Ensuite
  • Dining Room: OCEAN VIEW, On Level: 3
  • Family Room: BONUS DEN, On Level: 2
  • Game Room: PING PONG!, On Level: 1
  • Living Room: OCEAN VIEW, On Level: 3
  • Optional Room 3: TIKI BAR!, On Level: Ground
  • Optional Rooms: Foyer, Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Vinyl
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Fiberglass, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 60
  • View: Ocean

Garage/Parking

  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Board Walk
  • Association Fee: Yes
  • Estimated Annual Fee: 1225
  • Hoa Contact: OCEAN SANDS HOA
  • HOA Contact: Signature Touch Mgmt
  • Home Owner Dwelling Insurance: 1573

Lot Info

  • Estimated Lot Sq Ft: 6000
  • Lot Description: Level
  • Lot Size: 60x100
  • Lot Number: Lot 75
  • Estimated Lot Size: 0.14
  • Deed Book: 1422

Rental Info

  • Flood Expenses: 724
  • Other Expenses: 516
  • Poolspa Expense: 3541
  • Rental Co: Sun Realty
  • Rental Cottage Name: Anchor Management
  • Rental Cottage Number: 60-O
  • Rental Phone Number: 252-453-8822
  • Rental Turnover Day: SUN
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 700
  • Annual Electric: 3055
  • Annual Telephone Expense: 60
  • Annual Water Expense: 1662
  • Rental Contact Name: Sun Realty
  • Rental Contact Phone: 252-453-8822

Building Info

  • Year Built: 2003

Tax Info

  • Year: 2019
  • Taxes: 5044.77

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2020
Sold by
Lisle Christopher and Lisle Jennifer C
Bought by
Mcfadden Mark J and Mcfadden Susan E
Current Estimated Value
$1,525,208

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$860,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 2, 2016
Closed on
Oct 12, 2017
Sold by
Smith William S and Smith Lisa S
Bought by
Lisle Christopher and Lisle Jennifer C
Seller's Agent
Mercedes Tabano
Keller Williams - Outer Banks
Buyer's Agent
Heather Sakers
Coldwell Banker Seaside Realty KH
List Price
$924,900
Sold Price
$740,000
Premium/Discount to List
-$184,900
-19.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.17%
Original Mortgage
$424,100
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 2003
Bought by
Smith William S and Smith Lisa S
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
Mcfadden Mark J $1,075,000 None Available
Lisle Christopher $740,000 Attorney
Smith William S $450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcfadden Mark J $860,000
Previous Owner Lisle Christopher $424,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/20/2020 07/20/20 Sold $1,075,000 -2.2% $279 / Sq Ft
06/09/2020 06/09/20 Pending -- -- --
05/06/2020 05/06/20 Price Changed $1,099,000 -2.3% $285 / Sq Ft
02/21/2020 02/21/20 For Sale $1,125,000 +52.0% $292 / Sq Ft
10/13/2017 10/13/17 Sold $740,000 -20.0% $190 / Sq Ft View Prior Sale
09/28/2017 09/28/17 Pending -- -- --
03/02/2016 03/02/16 For Sale $924,900 -- $238 / 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 $9,553 $819,100 $300,000 $519,100
2024 $9,553 $819,100 $300,000 $519,100
2023 $9,537 $819,100 $300,000 $519,100
2022 $6,904 $819,100 $300,000 $519,100
2021 $6,041 $671,900 $270,000 $401,900
2020 $5,045 $671,900 $270,000 $401,900
2019 $5,045 $671,900 $270,000 $401,900
2018 $5,114 $671,900 $270,000 $401,900
2017 $4,748 $671,900 $270,000 $401,900
2016 $4,275 $671,900 $270,000 $401,900
2015 $3,928 $671,900 $270,000 $401,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 108387

Outer Banks Association of REALTORS®

APN: 126A-000-0075-000O