NOT LISTED FOR SALE

609 Wave Arch Corolla, NC 27927

Estimated Value: $2,204,237 - $2,428,000

9 Beds
8.5 Baths
4,169 Sq Ft
$553/Sq Ft Est. Value

Last Sold April 27, 2021

Last sale price $1,770,000 $425 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $13,535/month

137 Days on Market

Highlights

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

About This Home

As of April 2021

It's no surprise that this quality constructed oceanfront retreat generates strong rental income year after year. The spacious 9 bedroom, 8.5 bath home features a game room with pool table, media room, mid level den with wet bar, elevator, and 7 master suites. Soak up the surrounding ocean views from the top levels greatroom with gas fireplace & entertainment center, ships watch, kitchen with duo appliances, and large dining room. Extensive decks, a private pool & hot tub provide ample space to enjoy time in the sun. Close to all community amenities that include a seven-acre stocked fishing lake, oympic-sized swimming pool, and four tennis courts.

Last Agent to Sell the Property

Hunter Davis

Twiddy and Company - Corolla License #301647 Listed on: 10/09/2020

Co-Listed By

Martha Springer

Twiddy and Company - Corolla License #135162

Last Buyer's Agent

Doug Brindley

Brindley Beach Vacations & Sales - Cor License #79789

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,309

Year Built

  • Built in 2003

Lot Details

  • Beach Front

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Piling Construction

Interior Spaces

  • 4,169 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Home Theater
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Kitchen

  • Built-In Range
  • Second Refrigerator
  • Second Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • En-Suite Primary Bedroom

Parking

  • Paved Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

  • Heat Pump System
  • Municipal Utilities District for Water and Sewer

Listing and Financial Details

  • Tax Lot #76

Community Details

Overview

  • Kathy Regan Association
  • Built by Olin Finch
  • Ocean Sands Subdivision

Recreation

  • Community Beach Access
  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,309

Year Built

Built in 2003

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Elevator, Hot Tub, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck
  • Flood Zone: X
  • Headline: Oceanfront Income Producer!
  • Heated Sq Ft: 4169
  • L V T Date: 10/09/2020
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: O
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Advertised Income 2020: 180100
  • Advertised Income 2021: 188000
  • Deed Book Pg Number: 525
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Ocean Sands
  • Newpoint Media: Yes
  • Office License Number: C4556
  • 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, Refrigerator, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 9
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Wood Laminate
  • Foundation: Piling
  • Full Bathrooms: 8
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ensuite, Washer Connection, Wet Bar
  • Optional Rooms: Game Room, Shipswatch, Home Theater
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: Olin Finch
  • Construction: Frame
  • Exterior: Lap Siding
  • Pool: Yes
  • Pool: Private
  • Pool Type: In Ground, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street

Utilities

  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Sewer/Septic System: Municipal Sewer
  • Water: Municipal

Condo/Co-op/Association

  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis
  • Association Fee: Yes
  • Estimated Annual Fee: 600
  • Hoa Contact: Kathy Regan
  • HOA Contact: kathy.regan@signaturetouc

Lot Info

  • Lot Description: Beach Frontage, Water Frontage
  • Lot Number: Lot#76
  • Deed Book: 1380

Rental Info

  • Est Annual Rental Income: 180100
  • Estimated Rental Performance: 0.1018
  • Lease Terms: Weekly
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Corollabunga
  • Rental Cottage Number: GOL76
  • Rental Phone Number: 252-457-1100
  • Rental Turnover Day: Saturday
  • Rental Contact Email: jkavanaugh@twiddy.com
  • Rental Contact Name: Jen Kavanaugh

Building Info

  • Year Built: 2003

Tax Info

  • Year: 2020
  • Taxes: 8308.82

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2020
Closed on
Apr 27, 2021
Sold by
Moriarty John M and Moriarty Anne M
Bought by
Simper Ryan J and Kim Paula
Seller's Agent
Hunter Davis
Twiddy and Company - Corolla
Buyer's Agent
Doug Brindley
Brindley Beach Vacations & Sales - Cor
List Price
$1,750,000
Sold Price
$1,770,000
Premium/Discount to List
$20,000
1.14%
Current Estimated Value
$2,342,699

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$572,699
Avg. Annual Appreciation
5.76%
Original Mortgage
$1,416,000
Outstanding Balance
$1,273,981
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$1,029,828

Purchase Details

Closed on
Sep 15, 2016
Sold by
Curran Steven C and Curran Margaret M
Bought by
Curran Steven C and Curran Margaret M

Purchase Details

Closed on
Dec 18, 2008
Sold by
Hartle Gregory A and Hartle Robin L
Bought by
Sifferman Stephen J and Sifferman Leslie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Simper Ryan J $1,770,000 None Available
Simper Ryan J $17,700 Sharp Starkey
Curran Steven C -- None Available
Sifferman Stephen J $1,500,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simper Ryan J $1,416,000
Closed Simper Ryan J $1,416,000
Previous Owner Sifferman Stephen J $1,200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2021 04/27/21 Sold $1,770,000 +1.1% $425 / Sq Ft
02/23/2021 02/23/21 Pending -- -- --
10/09/2020 10/09/20 For Sale $1,750,000 -- $420 / 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 $14,814 $1,309,700 $770,000 $539,700
2024 $14,814 $1,309,700 $770,000 $539,700
2023 $14,798 $1,309,700 $770,000 $539,700
2022 $10,769 $1,309,700 $770,000 $539,700
2021 $9,373 $1,128,600 $700,000 $428,600
2020 $8,309 $1,128,600 $700,000 $428,600
2019 $8,304 $1,128,600 $700,000 $428,600
2018 $8,423 $1,128,600 $700,000 $428,600
2017 $7,841 $1,128,600 $700,000 $428,600
2016 $6,976 $1,128,600 $700,000 $428,600
2015 $6,395 $1,128,600 $700,000 $428,600
Source: Public Records

Agents Affiliated with this Home

  • Hunter Davis

    Seller's Agent in 2021

    Hunter Davis

    Twiddy and Company - Corolla

    (704) 936-6456

    106 in this area

    164 Total Sales

    Hunter Davis
    Section Image
  • Martha Springer

    Seller Co-Listing Agent in 2021

    Martha Springer

    Twiddy and Company - Corolla

    (252) 982-6045

    79 in this area

    108 Total Sales

    Martha Springer
    Section Image
  • Doug Brindley

    Buyer's Agent in 2021

    Doug Brindley

    Brindley Beach Vacations & Sales - Cor

    (252) 455-6924

    9 in this area

    26 Total Sales

    Doug Brindley
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 111390

Outer Banks Association of REALTORS®

APN: 126A-000-0076-000O

North Carolina Currituck County Corolla 27927

609 Wave Arch, Corolla, NC

Not Listed for Sale

Detached

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