NOT LISTED FOR SALE

623 Wave Arch Corolla, NC 27927

Estimated Value: $1,243,233 - $1,334,000

7 Beds
6.5 Baths
3,421 Sq Ft
$379/Sq Ft Est. Value

Last Sold June 22, 2015

Last sale price $650,000 $190 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $7,631/month

13 Days on Market

Highlights

  • Community Beach Access
  • In Ground Pool
  • Traditional Architecture
  • Ocean View
  • Clubhouse
  • Cathedral Ceiling

About This Home

As of June 2015

This outstanding vacation home has everything your summer renters could ask for and more: 7 bedrooms, 6 1/2 baths, ELEVATOR, private pool, hot tub, UNOBSTRUCTED VIEWS OF THE OCEAN, tastefully decorated with 3 separate living areas, one on each floor. Ground level has 2 bedrooms, full bath, recreation room with pool table, video game, wet bar and access to the pool. Mid level has 4 bedrooms each with private bath, den/TV area and access to back decks, hot tub and pool, Top floor has updated kitchen with granite counter tops, large dining area and great room, sun decks with beautiful ocean views and stair access to private pool area

Last Agent to Sell the Property

Tammy Long

Default, Office License #202518 Listed on: 04/28/2015

Last Buyer's Agent

Daniel LaRue

Corolla Beach Realty License #257370

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,327

Year Built

  • Built in 2004

Lot Details

  • 3,421 Sq Ft Lot
  • Fenced Yard
  • Level Lot
  • Property is zoned RO1

HOA Fees

  • $69 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 3,421 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Game Room
  • Utility Room
  • Stacked Washer and Dryer
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

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

Parking

  • Tuck Under Parking
  • Paved Parking

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck
  • 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 86

Community Details

Overview

  • Association fees include grounds maintenance, pool, tennis courts, walkways
  • Built by SANDALWOOD CONSTRUCTION
  • Ocean Lakes Subdivision

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Community Beach Access
  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,327

Year Built

Built in 2004

Lot Details

0

HOA Fees

$69 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Traditional
  • Directions: turn into section HIJO of Ocean Sands onto Seabird turn left at tennis courts, right onto 2nd Wave Arch home is on the left
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Elevator, Fenced Yard, Hot Tub, Jet Tub, Smoke Detector(s), Storage Shed, Sun Deck, Tiki Bar
  • Flood Zone: AE
  • Subdivision Name: OCEAN SANDS SECTION O
  • Headline: PICTURE PERFECT VACATION HOME
  • Heated Sq Ft: 3421
  • Roads: Paved
  • Sale/Rent: For Sale
  • Section: SECTION O
  • Waterfront Location: 3 - lots from oceanfront (4th row)
  • Zoning: RO1
  • Deed Book Pg Number: 881
  • Major Subdivision: Ocean Sands
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Disposal, Dishwasher, Microwave, Range/Oven, Refrigerator w/Ice Maker, Stackable Washer/Dryer
  • Bedrooms: 7
  • Bedroom 1: On Level: 3
  • Bedroom 2: On Level: 2
  • Bedroom 3: On Level: 2
  • Bedroom 4: On Level: 2
  • Bedroom 5: On Level: 2
  • Bedroom 6: On Level: Ground
  • Bedroom 7: On Level: Ground
  • Kitchen: On Level: 3
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Wood Laminate
  • Foundation: Piling
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Washer Connection, Wet Bar
  • Dining Room: On Level: 3
  • Family Room: On Level: 3
  • Living Room: On Level: 3
  • Optional Rooms: Foyer, Game Room, Pantry, Utility Room
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: SANDALWOOD CONSTRUCTION
  • Construction: Frame
  • Exterior: Vinyl
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Fiberglass, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Under

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Grounds Maintenance, Pool, Tennis Courts, Walkways
  • Association Amenities: Clubhouse, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 830
  • Home Owner Dwelling Insurance: 7400

Lot Info

  • Estimated Lot Sq Ft: 3421
  • Lot Description: Level
  • Lot Faces: S
  • Lot Number: Lot 86
  • Deed Book: 735

Rental Info

  • Est Annual Rental Income: 53720
  • Estimated Rental Performance: 0.0826
  • Flood Expenses: 599
  • Lease Terms: Weekly
  • Other Expenses: 185000
  • Poolspa Expense: 3200
  • Rental Co: Brindley Beach Vacations
  • Rental Cottage Name: TASTE OF CAROLINA
  • Rental Phone Number: 2524533000
  • Rental Turnover Day: Saturday
  • Annual Cable TV Expense: 1300
  • Annual Electric: 3500
  • Annual Water Expense: 1678

Building Info

  • Year Built: 2004

Tax Info

  • Year: 2014
  • Taxes: 3327

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2015
Closed on
Jun 17, 2015
Sold by
Jamison James J
Bought by
Mclaughlin Grant R and Mclaughlin Tracey A
Seller's Agent
Tammy Long
Default, Office
Buyer's Agent
Daniel LaRue
Corolla Beach Realty
List Price
$699,900
Sold Price
$650,000
Premium/Discount to List
-$49,900
-7.13%
Current Estimated Value
$1,307,223

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$657,223
Avg. Annual Appreciation
6.77%
Original Mortgage
$70,500
Outstanding Balance
$54,567
Interest Rate
3.89%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,241,491
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mclaughlin Grant R $650,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mclaughlin Grant R $70,500
Open Mclaughlin Grant R $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/22/2015 06/22/15 Sold $650,000 -7.1% $190 / Sq Ft
05/11/2015 05/11/15 Pending -- -- --
04/28/2015 04/28/15 For Sale $699,900 -- $205 / 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 $8,540 $728,300 $235,000 $493,300
2024 $8,550 $728,300 $235,000 $493,300
2023 $7,930 $728,300 $235,000 $493,300
2022 $6,200 $728,300 $235,000 $493,300
2021 $5,413 $580,600 $185,000 $395,600
2020 $4,413 $580,600 $185,000 $395,600
2019 $4,413 $580,600 $185,000 $395,600
2018 $0 $580,600 $185,000 $395,600
2017 $4,165 $580,600 $185,000 $395,600
2016 $3,617 $580,600 $185,000 $395,600
2015 -- $580,600 $185,000 $395,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 87865

Outer Banks Association of REALTORS®

APN: 126A-000-0086-000O