NOT LISTED FOR SALE

615 Tide Arch Corolla, NC 27927

Estimated Value: $1,925,000 - $2,867,915

9 Beds
11 Baths
4,895 Sq Ft
$486/Sq Ft Est. Value

Last Sold June 20, 2016

Last sale price $2,220,409 $454 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $14,267/month

103 Days on Market

Highlights

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

About This Home

As of June 2016

From the moment you step into to incredible home, you are met by three levels of graceful coastal living and fine finishes. This upscale 5,000 square foot home will provide you with a wonderful flow of stylish bedroom suites and trend setting amenities all set to the backdrop of memorable views of the Atlantic. All bedrooms are master suites with private baths. This exceptional custom home offers a modern gourmet kitchen featuring elegant custom wood cabinets, granite counter tops and a custom kitchen island with wine cooler and bar seating for three. It is well equipped with two full refrigerators with ice makers, two dishwashers, a 6-burner Jenn-Air gas range, double ovens, a microwave drawer, and plenty of counter space and storage. Experience the ultimate in movie viewing in the vibrant private home theater appointed with 5 theater-style rocking seats, an extra long sofa, rear bar with seating for five. The recreation lounge is perfectly equipped for rousing competition and provides ceramic slate tile flooring, a wet bar with granite countertops, sink, full refrigerator and microwave and ice maker. A door leads from the recreation lounge to the outdoor amenities where the fun continues! Outside living spaces include a covered deck with low maintenance Trex decking, and a tile-topped bar with sink and ice bin. The oceanfront custom heated pool includes a wet deck/kiddie pool and hot tubs. Rental projection for $269,700, updated by rental company on 02/29/2016

Last Agent to Sell the Property

Sumit Gupta

VR Real Estate Advisors, LLC License #212627 Listed on: 06/12/2015

Co-Listed By

Tammy Aycock

SAGA Realty and Construction License #174696

Last Buyer's Agent

Tammy Johnson

Island Life Realty License #278552

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,710

Year Built

  • Built in 2015

Lot Details

  • Beach Front
  • Fenced Yard
  • Landscaped
  • Level Lot
  • Sprinkler System
  • Property is zoned Single Fam

HOA Fees

  • $69 Monthly HOA Fees

Parking

  • Tuck Under Parking

Home Design

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

Interior Spaces

  • 4,895 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Home Theater
  • 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

  • 9 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Handicap Accessible

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting
  • Gazebo
  • Tiki or Chickee Hut

Utilities

  • Zoned Heating and Cooling System
  • Heat Pump System
  • Private Water Source
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot 123

Community Details

Overview

  • Built by SAGA Construction and Develop
  • Ocean Lakes Subdivision

Recreation

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

Property Details

Property Type

Other

Est. Annual Taxes

$3,710

Year Built

Built in 2015

Lot Details

0

HOA Fees

$69 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Elevator, Fenced Yard, Gazebo, Handicap Friendly, Hot Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck, Tiki Bar
  • Subdivision Name: Ocean Sands, Ocean Lakes
  • Headline: New Construction Oceanfront
  • Heated Sq Ft: 4895
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: O
  • Waterfront Location: Oceanfront
  • Zoning: Single Fam
  • Deed Book Pg Number: 0579
  • Major Subdivision: Ocean Sands
  • Office License Number: C18181
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Refrigerator
  • Bedrooms: 9
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 9
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Washer Connection, Wet Bar
  • Optional Rooms: Home Theater
  • Partial Bathrooms: 2

Exterior Features

  • Homebuilder: SAGA Construction and Develop
  • Construction: Frame
  • Exterior: Lap Siding
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Concrete, Custom, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Under

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Board Walk
  • Association Fee: Yes
  • Estimated Annual Fee: 830

Lot Info

  • Lot Description: Beach Frontage, Level
  • Lot Faces: E
  • Lot Number: Lot 123
  • Deed Book: 1248

Rental Info

  • Est Annual Rental Income: 269700
  • Estimated Rental Performance: 0.1215
  • Lease Terms: Weekly

Building Info

  • Year Built: 2015

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2015
  • Taxes: 3710

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2015
Closed on
Sep 25, 2015
Sold by
Grant Stacey M
Bought by
Arrighi Scott Anthony and Arrighi Ellen Marie
Seller's Agent
Brad Beacham
Landmark Sotheby's Internation
Buyer's Agent
Tammy Johnson
Island Life Realty
List Price
$850,000
Sold Price
$850,000
Current Estimated Value
$2,401,169

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,551,169
Avg. Annual Appreciation
10.51%
Original Mortgage
$1,582,500
Outstanding Balance
$1,234,802
Interest Rate
3.88%
Mortgage Type
Construction
Estimated Equity
$1,144,427

Purchase Details

Closed on
Apr 28, 2006
Sold by
Coastland Shores Inc
Bought by
Grant Walter W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,162,500
Interest Rate
6.28%
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
Arrighi Scott Anthony $850,000 Attorney
Grant Walter W $1,550,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arrighi Scott Anthony $1,582,500
Previous Owner Grant Walter W $1,162,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/20/2016 06/20/16 Sold $2,220,409 +161.2% $454 / Sq Ft
09/25/2015 09/25/15 Sold $850,000 -63.0% -- View Prior Sale
09/23/2015 09/23/15 Pending -- -- --
06/12/2015 06/12/15 For Sale $2,295,000 +170.0% $469 / Sq Ft
05/29/2015 05/29/15 Pending -- -- --
05/20/2015 05/20/15 For Sale $850,000 -- --
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 $19,857 $1,761,100 $770,000 $991,100
2024 $19,857 $1,761,100 $770,000 $991,100
2023 $19,841 $1,761,100 $770,000 $991,100
2022 $14,251 $1,761,100 $770,000 $991,100
2021 $12,426 $1,384,100 $700,000 $684,100
2020 $10,056 $1,384,100 $700,000 $684,100
2019 $10,056 $1,384,100 $700,000 $684,100
2018 $10,198 $1,384,100 $700,000 $684,100
2017 $9,469 $1,388,800 $700,000 $688,800
2016 $4,507 $700,000 $700,000 $0
2015 $3,710 $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: 88488

Outer Banks Association of REALTORS®

APN: 126A-000-0123-000O