NOT LISTED FOR SALE

Estimated Value: $1,087,000 - $1,169,000

6 Beds
5.5 Baths
2,940 Sq Ft
$384/Sq Ft Est. Value

Last Sold September 14, 2020

Last sale price $650,000 $221 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $6,722/month

301 Days on Market

Highlights

  • Ocean View
  • Second Refrigerator
  • Second Dishwasher
  • Outdoor Pool
  • Furnished
  • Tile Flooring

About This Home

As of September 2020

Turn-key rental home in Corolla just steps away from the beach! Located only two lots from the oceanfront in the Ocean Lake subdivision of Ocean Sands (Sec O) and perfectly positioned on the outside of Wave Arch for those fantastic ocean views. The bright and spacious top-level allows ample natural light in the great room, kitchen, and dining room. A small loft space off of the great room would make for the perfect reading nook. The two sliding doors on the top-level open up to a large deck with water views – ideal for morning coffee with the sunrise and evening cocktails watching for dolphins. On the top floor you’ll also find an over-sized master bedroom with ocean views. The mid-level has four bedrooms – two of which are master bedrooms with deck access. The other two mid-level bedrooms have a shared bathroom and the northeast bedroom has a private deck. Downstairs you’ll find one bedroom – large enough for a duo-bunk and twin bed! The bottom-level rec room is complete with a full refrigerator and microwave that transitions right to the outside pool area. A covered patio space and outdoor shower sits just before the gated pool deck – and beyond the gate you’ll find a large (14 x 26), private pool! This home has proven and consistent rental performance with room to grow.

Last Agent to Sell the Property

Matt Preston

Twiddy and Company - Corolla License #288364 Listed on: 09/25/2019

Last Buyer's Agent

Melissa Morgan

Coldwell Banker Seaside Realty - KDH License #199669

Coldwell Banker Seaside Realty - KDH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,188

Year Built

  • Built in 2000

Lot Details

  • 6,098

HOA Fees

  • $79 Monthly HOA Fees

Parking

  • Paved Parking

Home Design

  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 2,940 Sq Ft Home
  • Furnished
  • Ceiling height of 9 feet or more
  • Window Treatments
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Plumbed For Ice Maker
  • Second Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Community Sewer or Septic

Additional Features

  • Outdoor Pool
  • Lot includes common area

Listing and Financial Details

  • Tax Lot 47

Community Details

Overview

  • Association fees include management
  • Ocean Sands Poa
  • Built by BD&A
  • Ocean Sands Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,188

Year Built

Built in 2000

Lot Details

0

HOA Fees

$79 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: Take Seabird Way towards Section O and Wave Arch will be on your right. House is on the right.
  • Flood Zone: X
  • Headline: Ocean Views-Great Value
  • Heated Sq Ft: 2940
  • L V T Date: 09/25/2019
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: 2 - lots from oceanfront (3rd row
  • Zoning: Res
  • Deed Book Pg Number: 706
  • 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, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 6
  • Floor Coverings: Carpet, Tile
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Dryer Connection, Ice Maker Connection, Ensuite, Washer Connection
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: BD&A
  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Paved

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Management
  • Association Fee: Yes
  • Estimated Annual Fee: 950
  • Hoa Contact: Ocean Sands POA
  • HOA Contact: http://osspoa.org/

Lot Info

  • Lot Description: Adj. To Common Area
  • Lot Number: Lot 47
  • Deed Book: 437

Rental Info

  • Est Annual Rental Income: 59440
  • Estimated Rental Performance: 0.0914
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Changes in Attitude
  • Rental Cottage Number: GOL47
  • Rental Phone Number: 252-453-1100
  • Rental Turnover Day: Saturday
  • Rental Contact Name: Jen Kavanaugh

Building Info

  • Year Built: 2000

Tax Info

  • Year: 2019
  • Taxes: 4187.99

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2019
Closed on
Sep 3, 2020
Sold by
Macher Robert George and Torlone Macher Debra
Bought by
Walters Steve L and Walters Jennifer H
Seller's Agent
Matt Preston
Twiddy and Company - Corolla
Buyer's Agent
Melissa Morgan
Coldwell Banker Seaside Realty - KDH
List Price
$689,000
Sold Price
$650,000
Premium/Discount to List
-$39,000
-5.66%
Current Estimated Value
$1,127,874

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$477,874
Avg. Annual Appreciation
11.22%
Original Mortgage
$510,400
Outstanding Balance
$454,998
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$656,093

Purchase Details

Closed on
Jul 21, 1998
Bought by
Macher Robert G and Groves Shawn M
Source: Public Records

Range of Values:

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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
Walters Steve L $650,000 None Available
Macher Robert G $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walters Steve L $510,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2020 09/14/20 Sold $650,000 -4.0% $221 / Sq Ft
07/22/2020 07/22/20 Pending -- -- --
06/16/2020 06/16/20 Price Changed $677,000 -1.7% $230 / Sq Ft
05/16/2020 05/16/20 For Sale $689,000 +6.0% $234 / Sq Ft
03/31/2020 03/31/20 Off Market $650,000 -- --
03/09/2020 03/09/20 Price Changed $689,000 -3.5% $234 / Sq Ft
10/26/2019 10/26/19 Price Changed $714,000 -1.5% $243 / Sq Ft
09/25/2019 09/25/19 For Sale $725,000 -- $247 / 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
2024 $7,961 $678,500 $280,000 $398,500
2023 $7,961 $678,500 $280,000 $398,500
2022 $5,780 $678,500 $280,000 $398,500
2021 $5,065 $551,500 $225,000 $326,500
2020 $4,199 $551,500 $225,000 $326,500
2019 $4,188 $551,500 $225,000 $326,500
2018 $0 $551,500 $225,000 $326,500
2017 $3,941 $551,500 $225,000 $326,500
2016 $3,553 $551,500 $225,000 $326,500
2015 $3,259 $551,500 $225,000 $326,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 106657

Outer Banks Association of REALTORS®

APN: 126A-000-0047-000O