NOT LISTED FOR SALE

617 Wave Arch Corolla, NC 27927

Estimated Value: $1,535,556 - $1,670,000

8 Beds
6.5 Baths
3,427 Sq Ft
$466/Sq Ft Est. Value

Last Sold November 24, 2020

Last sale price $975,000 $285 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $9,001/month

44 Days on Market

Highlights

  • Community Beach Access
  • In Ground Pool
  • Second Refrigerator
  • Ocean Front
  • Rooftop Deck
  • Coastal Architecture

About This Home

As of November 2020

Be the first in line to view this desirable vacation home! Consistent, strong rental income prove this property has universal appeal: popular location, functional home design and sought-after vacation amenities. The property backs up to undeveloped open space providing some privacy and ocean views. The community beach access is just 10-15 steps from the driveway. The home features maple hardwood and ceramic tile flooring, creating a low maintenance environment ideal for hosting weekly vacationers. The expansive top floor great room features ocean views, large new sectional couch with ample seating, gas fireplace, dining for ten and a poolside sun deck with steps leading to the rooftop deck. The fully equipped kitchen invites large gatherings with two dishwashers and an island with bar seating for six and the grand king master suite with private bath provides a secluded retreat with access to the deck. The mid-level features five bedrooms, 4 baths and decking with pool and ocean views. The ground level has two bedrooms, one full bath and a spacious game room with pool table, sofa, pub table, kitchenette with microwave, full size refrigerator and direct access to the pool area with 14x36 heated pool, hot tub and outdoor seating to enjoy coastal views and breezes.

Last Agent to Sell the Property

Robert Ladd

Twiddy and Co. - Duck License #64016 Listed on: 08/24/2020

Last Buyer's Agent

Four Seasons Realty

Four Seasons Realty License #177785

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,901

Year Built

  • Built in 2002

Lot Details

  • 6,125 Sq Ft Lot
  • Ocean Front
  • Property fronts a private road
  • Lot includes common area

HOA Fees

  • $102 Monthly HOA Fees

Parking

  • Paved Parking

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 3,427 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Living Room
  • Dining Room
  • Game Room
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Laminate Countertops

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Pool

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

Outdoor Features

  • Sun Deck
  • Rooftop Deck

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District for Water and Sewer

Listing and Financial Details

  • Tax Lot 89

Community Details

Overview

  • Association fees include management, pool, road maintenance, tennis courts, walkways
  • Kathy Regan Signature Touch Association, Phone Number (252) 441-8857
  • Ocean Sands Subdivision

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,901

Year Built

Built in 2002

Lot Details

0

HOA Fees

$102 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: From NC 12/Ocean Trail, turn right on Seabird Way (which becomes Ocean Lake Tr), then turn right on Wave Arch.
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Hot Tub, Outside Shower, Sun Deck, Roof Top Deck
  • Headline: Semi-OF Easy Beach Access
  • Heated Sq Ft: 3427
  • L V T Date: 08/27/2020
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Section: O
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: Res
  • Advertised Income 2020: 117300
  • Deed Book Pg Number: 462
  • 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: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 8
  • Bedroom 1: On Level: Ground
  • Bedroom 2: On Level: Ground
  • Bedroom 3: On Level: 2
  • Bedroom 4: On Level: 2
  • Bedroom 5: On Level: 2
  • Bedroom 6: On Level: 2
  • Bedroom 7: On Level: 2
  • Bedroom 8: On Level: 3
  • Kitchen: On Level: 3
  • Countertops: Laminate
  • Electronic Locks: Owned
  • Floor Coverings: Ceramic Tile, Wood
  • Foundation: Piling, Slab
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ensuite, Pantry, Washer Connection, Wet Bar
  • Dining Room: On Level: 3
  • Game Room: On Level: Ground
  • Living Room: On Level: 3
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Fiberglass, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 50
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Paved

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Management, Pool, Road Maintenance, Tennis Courts, Walkways
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis
  • Association Fee: Yes
  • Estimated Annual Fee: 1225
  • Hoa Contact: Kathy Regan Signature Touch
  • HOA Contact: 252-441-8857

Lot Info

  • Estimated Lot Sq Ft: 6125
  • Lot Description: Adj. To Common Area
  • Lot Faces: S
  • Lot Number: Lot 89
  • Estimated Lot Size: 0.14
  • Deed Book: 1295

Rental Info

  • Est Annual Rental Income: 112810
  • Estimated Rental Performance: 0.1157
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Seas N Suns
  • Rental Cottage Number: GOL89
  • Rental Phone Number: 252-457-1100
  • Rental Turnover Day: Sat
  • Rental Contact Email: jkavanaugh@twiddy.com
  • Rental Contact Name: Jen Kavanaugh
  • Rental Contact Phone: 252-457-1169

Building Info

  • Year Built: 2002

Tax Info

  • Year: 2020
  • Taxes: 4900.95

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 28, 2023
Sold by
Shryock James and Walters Robyn
Bought by
Wave Away Llc
Current Estimated Value
$1,530,767

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$964,620
Outstanding Balance
$943,224
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$652,165

Purchase Details

Listed on
Aug 24, 2020
Closed on
Nov 17, 2020
Sold by
Stevenson Richard and Stevenson Ellen P
Bought by
Shryock James and Walters Robyn
Seller's Agent
Robert Ladd
Twiddy and Co. - Duck
Buyer's Agent
Four Seasons Realty
Four Seasons Realty
List Price
$975,000
Sold Price
$975,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.14%
Original Mortgage
$731,250
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 22, 2014
Closed on
Jul 8, 2014
Sold by
Beveridge P Alan and Beveridge Karen R
Bought by
Stevenson Richard D and Stevenson Ellen P
Seller's Agent
Brad Beacham
Landmark Sotheby's Internation
Buyer's Agent
Richard Tolson
RT Realty OBX, LLC
List Price
$899,000
Sold Price
$850,000
Premium/Discount to List
-$49,000
-5.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.17%
Original Mortgage
$650,000
Interest Rate
4.19%
Mortgage Type
New Conventional
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
Wave Away Llc -- None Listed On Document
Shryock James $975,000 None Available
Stevenson Richard D $850,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wave Away Llc $964,620
Previous Owner Shryock James $731,250
Previous Owner Stevenson Richard D $650,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/24/2020 11/24/20 Sold $975,000 0.0% $285 / Sq Ft
10/07/2020 10/07/20 Pending -- -- --
08/24/2020 08/24/20 For Sale $975,000 +14.7% $285 / Sq Ft
07/08/2014 07/08/14 Sold $850,000 -5.5% $259 / Sq Ft View Prior Sale
05/08/2014 05/08/14 Pending -- -- --
01/22/2014 01/22/14 For Sale $899,000 -- $274 / 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 $10,544 $909,500 $350,000 $559,500
2024 $10,544 $909,500 $350,000 $559,500
2023 $10,528 $909,500 $350,000 $559,500
2022 $7,610 $909,500 $350,000 $559,500
2021 $6,636 $664,600 $300,000 $364,600
2020 $4,901 $664,600 $300,000 $364,600
2019 $4,901 $664,600 $300,000 $364,600
2018 $4,968 $664,600 $300,000 $364,600
2017 $4,612 $664,600 $300,000 $364,600
2016 $4,143 $664,600 $300,000 $364,600
2015 $3,807 $559,600 $195,000 $364,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 110726

Outer Banks Association of REALTORS®

APN: 126A-000-0089-000O