NOT LISTED FOR SALE

613 Wave Arch Corolla, NC 27927

Estimated Value: $1,828,889 - $2,070,000

7 Beds
8 Baths
3,594 Sq Ft
$544/Sq Ft Est. Value

Last Sold May 08, 2013

Last sale price $960,000 $267 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $11,661/month

38 Days on Market

Highlights

  • Beach Front
  • Concrete Pool
  • Game Room
  • Ocean View
  • Furnished
  • Tennis Courts

About This Home

As of May 2013

Oceanfront in Corolla! ** great rental income ** outstanding dune ** adjacent to beach access ** 7 bedrooms ** 5 masters ** gameroom with pool table ** 10 x 24 heated concrete pool ** cheery decor ** wide beach ** low maintenance railings trim and siding ** priced to sell!

Last Agent to Sell the Property

Gray Berryman

Carolina Designs Realty License #214315 Listed on: 07/07/2012

Last Buyer's Agent

Beth Dobney Garcia

Coldwell Banker Seaside Realty KH License #174853

Coldwell Banker Seaside Realty KH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,754

Year Built

  • Built in 2004

Lot Details

  • Beach Front
  • Property fronts a private road
  • Lot includes common area

HOA Fees

  • $65 Monthly HOA Fees

Home Design

  • Reverse Style Home
  • Lap Siding
  • Cement Board or Planked

Interior Spaces

  • 3,594 Sq Ft Home
  • Furnished
  • Game Room
  • Ocean Views

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms

Pool

  • Concrete Pool
  • Heated In Ground Pool

Utilities

  • Municipal Utilities District for Water and Sewer

Listing and Financial Details

  • Tax Lot 90

Community Details

Overview

  • Ocean Sands Subdivision

Recreation

  • Community Boardwalk
  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,754

Year Built

Built in 2004

Lot Details

0

HOA Fees

$65 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: Seabird Way to Wave Arch
  • Extras: Beach Access, Boardwalk to Beach
  • Headline: Oceanfront!
  • Heated Sq Ft: 3594
  • Potential Short Sale: Yes
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Section: O
  • Waterfront Location: Oceanfront
  • Zoning: res
  • Deed Book Pg Number: 736
  • Major Subdivision: Ocean Sands
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 7
  • Countertops: Silestone
  • Floor Coverings: Carpet, Tile
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Optional Rooms: Game Room
  • Partial Bathrooms: 2

Exterior Features

  • Exterior: Lap Siding, Cement Fiber Board
  • Pool: Yes
  • Pool Type: Outdoor, In Ground, Concrete, Heated
  • View: Ocean

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Outdoor-Comm. Pool, Outdoor-Comm. Tennis
  • Association Fee: Yes
  • Estimated Annual Fee: 775

Lot Info

  • Lot Description: Adj to Park Serv./Preserv, Adj. To Common Area, Beach Frontage, Water Frontage
  • Lot Number: Lot 90
  • Deed Book: 697

Rental Info

  • Est Annual Rental Income: 108545
  • Estimated Rental Performance: 0.1131
  • Other Expenses: 1
  • Rental Co: Carolina Designs
  • Rental Cottage Name: Atlantic Breeze
  • Rental Cottage Number: 200
  • Rental Phone Number: 252 261 3934
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 2004

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2012
  • Taxes: 5754

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2012
Closed on
May 8, 2013
Sold by
Breit Barry and Breit Deborah
Bought by
Wilson Darrell L and Wilson Leah C
Seller's Agent
Gray Berryman
Carolina Designs Realty
Buyer's Agent
Beth Dobney Garcia
Coldwell Banker Seaside Realty KH
List Price
$1,195,000
Sold Price
$960,000
Premium/Discount to List
-$235,000
-19.67%
Current Estimated Value
$1,954,222

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$994,222
Avg. Annual Appreciation
5.78%
Original Mortgage
$672,000
Outstanding Balance
$475,285
Interest Rate
3.59%
Mortgage Type
New Conventional
Estimated Equity
$1,478,937
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
Wilson Darrell L $960,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilson Darrell L $672,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2013 05/08/13 Sold $960,000 -19.7% $267 / Sq Ft
08/14/2012 08/14/12 Pending -- -- --
07/07/2012 07/07/12 For Sale $1,195,000 -- $332 / 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 $16,283 $1,439,800 $770,000 $669,800
2024 $16,283 $1,243,400 $770,000 $473,400
2023 $14,050 $1,243,400 $770,000 $473,400
2022 $10,104 $1,243,400 $770,000 $473,400
2021 $8,822 $1,063,000 $700,000 $363,000
2020 $7,730 $1,063,000 $700,000 $363,000
2019 $7,730 $1,063,000 $700,000 $363,000
2018 $7,838 $1,063,000 $700,000 $363,000
2017 $7,289 $1,063,000 $700,000 $363,000
2016 $6,521 $1,063,000 $700,000 $363,000
2015 -- $1,063,000 $700,000 $363,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 75481

Outer Banks Association of REALTORS®

APN: 126A-000-0090-000O