NOT LISTED FOR SALE

643 Wave Arch Corolla, NC 27927

Estimated Value: $1,325,000 - $1,355,010

7 Beds
5.5 Baths
3,482 Sq Ft
$386/Sq Ft Est. Value

Last Sold September 12, 2023

Last sale price $1,425,000 $409 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $7,810/month

85 Days on Market

Highlights

  • Community Beach Access
  • In Ground Pool
  • Coastal Architecture
  • Ocean View
  • Second Refrigerator
  • Cathedral Ceiling

About This Home

As of September 2023

Simply sensational & Turn Key TODAY! This quality build by Olin Finch has been lovingly cared for by the same homeowners for nearly 20 years with pride that shines through and through. The perfect coastal retreat & investor's dream just 2 lots from the oceanfront with effortless direct beach access located in an X Flood Zone with no through traffic on quiet cul-de-sac-like street. Keep your guests entertained with top amenities from private pool with composite-deck & rock surround, Hot tub, 2 outdoor showers and expansive game room with pool table, arcade game console, foosball, poolside Kitchenette, gas & charcoal grills, plus TWO sun decks on the front and rear of home lend ocean views! A fantastic floor-plan features 7 spacious Bedrooms (6 of which have direct bath access) with the Primary Bedroom located on top floor with oversized ensuite bath with large shower, jetted soaking tub and private access to rear sun deck. An enormous Great Room with vaulted ceilings entertains a crowd with gas fireplace, built-in cabinetry which flows effortlessly to lovely updated Kitchen, large dining area with ocean view, access to front and rear decks and Powder bath. The freshly updated Kitchen boasts gleaming granite countertops, stainless steel appliances and center island with counter-style dining. The home's mid-level features a gathering space ideal for TV watching or gaming and access to covered decks for lounging, 4 additional bedrooms, 2 with en suite baths and 2 with Jack and Jill style setup bath offering a dual vanity plus separate water/linen closets. The ground floor hosts BRs #6 and #7, a Laundry closet and Recreational Room Galore! All furnishings and decor convey with sale. Sellers have used the home frequently in the past, not maximizing rental income but have still managed to generate over $120k in income the past few seasons with plenty of opportunity for growth. Multiple rental Projections on file with EST GROSS ANNUAL INCOME at $153k! Recent Updates include-New Fortified Roof 2020, majority of home's Windows replaced 2023, New Range/Oven & 2 New refrigerators 2023, New gutters 2022- New HVAC bottom & middle floors 2021, New top front & rear Decks 2021, New Carpeting 2021, New Hot Tub and New Pool Pump 2020, New Exterior Pool Fence & gate 2021, New Washer/Dryer 2021. Property's 3D Virtual Tour COMING SOON! Don't hesitate on this one! All of the heavy lifting home improvements have been completed for you, all you need to do is relax! For 3D Virtual Tour copy and paste the following link: https://unbranded.youriguide.com/643_wave_arch_corolla_nc/

Last Agent to Sell the Property

Heather VanderMyde

Coldwell Banker Seaside Realty - KDH License #207518 Listed on: 05/18/2023

Coldwell Banker Seaside Realty - KDH

Co-Listed By

Kiirsten Farr

Coldwell Banker Seaside Realty - KDH License #276883

Last Buyer's Agent

Sarah Spencer

Keller Williams - Outer Banks License #185795

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,636

Year Built

  • Built in 1998

Lot Details

  • 6,000 Sq Ft Lot
  • Lot Dimensions are 60x100
  • Fenced Yard
  • Landscaped
  • Level Lot
  • Property is zoned SFO

HOA Fees

  • $152 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 3,482 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Bay Window
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Game Room
  • Utility Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

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

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting
  • Storage Shed

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Fuel Tank
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot #59

Community Details

Overview

  • Association fees include common insurance, management, pool, road maintenance, security, tennis courts, walkways
  • Signature Touch Association, Phone Number (252) 441-8857
  • Built by Olin Finch
  • Ocean Sands Subdivision

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,636

Year Built

Built in 1998

Lot Details

0

HOA Fees

$152 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Directions: From Rt 12 North, Make right onto Seabird Way, Section O- Ocean Sands. Continue straight through stop signs to Ocean Lake Trail. Make right onto Wave Arch. House is on the left.
  • Extras: Ceiling Fan(s), Covered Decks, Fenced Yard, Hot Tub, Jet Tub, Landscaped, Outside Lighting, Outside Shower, Smoke Detector(s), Storage Shed, Sun Deck, Whirlpool/Spa, Dry Entry
  • Flood Zone: X
  • Headline: OCEAN VIEWS*NewFortified Roof!
  • Heated Sq Ft: 3482
  • L V T Date: 05/18/2023
  • Roads: Paved
  • Sale/Rent: For Sale
  • Section: O
  • Waterfront Location: 2 - lots from oceanfront (3rd row
  • Zoning: SFO
  • Deed Book Pg Number: 674
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Ocean Sands
  • Newpoint Media: Yes
  • Office License Number: C7166
  • 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 Refrigerator
  • 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, Vinyl
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Bay/Bow Window, Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Washer Connection
  • Dining Room: On Level: 3
  • Game Room: On Level: Ground
  • Living Room: On Level: 3
  • Optional Room 2: On Level: 2
  • Optional Rooms: Foyer, Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: Olin Finch
  • Construction: Frame
  • Exterior: Shakes, Wood
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: In Ground, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Heat Pump, Zoned
  • Fuel Tanks: Leased
  • Sewer/Septic System: Community Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Common Insurance, Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Board Walk
  • Association Fee: Yes
  • Estimated Annual Fee: 1825
  • Hoa Contact: Signature Touch
  • HOA Contact: (252) 441-8857

Lot Info

  • Estimated Lot Sq Ft: 6000
  • Lot Description: Level
  • Lot Faces: S
  • Lot Size: 60x100
  • Lot Number: Lot #59
  • Estimated Lot Size: 0.14
  • Deed Book: 817

Rental Info

  • Est Annual Rental Income: 152849
  • Estimated Rental Performance: 0.1073
  • Rental Co: Managed by Homeowner
  • Rental Cottage Name: Urban S Cape -Airbnb/VRBO
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 1998

Tax Info

  • Year: 2022
  • Taxes: 5635.77

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2023
Closed on
Sep 11, 2023
Sold by
Goss David G and Goss Deniz O
Bought by
Anderson Erik David and Anderson Jennifer Bunt
Seller's Agent
Heather VanderMyde
Coldwell Banker Seaside Realty - KDH
Buyer's Agent
Sarah Spencer
Keller Williams - Outer Banks
List Price
$1,599,000
Sold Price
$1,425,000
Premium/Discount to List
-$174,000
-10.88%
Views
165
Current Estimated Value
$1,338,487

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$86,513
Avg. Annual Appreciation
-2.54%
Original Mortgage
$1,140,000
Outstanding Balance
$1,112,906
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$230,597

Purchase Details

Closed on
Nov 1, 2004
Bought by
Goss David G and Goss Deniz O
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Anderson Erik David $1,425,000 None Listed On Document
Goss David G $810,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson Erik David $1,140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2023 09/12/23 Sold $1,425,000 -4.7% $409 / Sq Ft
08/11/2023 08/11/23 Pending -- -- --
07/22/2023 07/22/23 Price Changed $1,495,000 -3.5% $429 / Sq Ft
06/12/2023 06/12/23 Price Changed $1,549,000 -3.1% $445 / Sq Ft
05/18/2023 05/18/23 For Sale $1,599,000 -- $459 / 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 $7,754 $660,300 $275,000 $385,300
2024 $7,754 $660,300 $275,000 $385,300
2023 $7,738 $660,300 $275,000 $385,300
2022 $5,636 $660,300 $275,000 $385,300
2021 $4,927 $557,400 $225,000 $332,400
2020 $4,231 $557,400 $225,000 $332,400
2019 $4,231 $557,400 $225,000 $332,400
2018 $0 $557,400 $225,000 $332,400
2017 $3,981 $557,400 $225,000 $332,400
2016 $3,589 $557,400 $225,000 $332,400
2015 -- $557,400 $225,000 $332,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 122269

Outer Banks Association of REALTORS®

APN: 126A-000-0059-000O