NOT LISTED FOR SALE

645 Wave Arch Corolla, NC 27927

Estimated Value: $1,201,787 - $1,350,000

7 Beds
6.5 Baths
3,652 Sq Ft
$351/Sq Ft Est. Value

Last Sold June 22, 2015

Last sale price $650,000 $178 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $7,486/month

48 Days on Market

Highlights

  • Community Beach Access
  • Tennis Courts
  • Second Refrigerator
  • Ocean View
  • In Ground Pool
  • Cathedral Ceiling

About This Home

As of June 2015

Gorgeous, very well-cared for home in Ocean Sands just steps to the beach! "Wave Ride Inn" welcomes you right in! Cozy and charming this home has everything you need to make you feel right at home. 7 Bedrooms including 4 masters, plenty of seating, lots of room to spread out with 3 living areas - main living area on top level plus a ships watch, mid-level den and lower level rec room, pool, hot tub, basketball goal, built-ins, 2 dishwashers, 2 refrigerators and more than enough sun decks and covered decks. You can even catch a view of the ocean from the ships watch and top deck! Recent updates include new heat pump both indoor and outdoor units including refrigerant lines and all new flat screen tv's. The community of Ocean Sands offers a community pool and tennis courts for you and your guests, not to mention the lifeguarded beach access which is less than 500 ft from your front door! When your ready for a break from the beach, fabulous shopping and dining in Corolla is only minutes away! This home has consistently produced close to $60k and up in rental income and as of early March already has over $50k booked for 2015. This is the one to check out!

Last Agent to Sell the Property

Randy Jones

EXP Realty, LLC - Coastal License #187811 Listed on: 03/09/2015

EXP Realty, LLC - Coastal

Co-Listed By

Lynn Sherman

EXP Realty, LLC - Coastal License #183247

Last Buyer's Agent

Susan Von Suskil

Howard Hanna Outer Banks Realt License #170335

Howard Hanna Outer Banks Realt

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,414

Year Built

  • Built in 1999

Lot Details

  • Level Lot

HOA Fees

  • $69 Monthly HOA Fees

Home Design

  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Shake Siding

Interior Spaces

  • 3,652 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • Game Room
  • Ocean Views

Kitchen

  • Oven or Range
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • Tuck Under Parking
  • Paved Parking

Pool

  • In Ground Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Tennis Courts
  • Covered Deck
  • Patio
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tax Lot 58

Community Details

Overview

  • Association fees include management, pool, tennis courts
  • Bob Defazio Association, Phone Number (252) 453-2105
  • Ocean Sands Subdivision

Recreation

  • Community Beach Access
  • Tennis Courts
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,414

Year Built

Built in 1999

Lot Details

0

HOA Fees

$69 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: HWY 12 North, right on Seabird Way, left on Ocean Trail, right on Wave Arch, home is on the left
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Hot Tub, Outdoor Tennis, Outside Lighting, Outside Shower, Patio, Sun Deck
  • Flood Zone: AE
  • Headline: OBX CHARM - WARM AND INVITING
  • Heated Sq Ft: 3652
  • Sale/Rent: For Sale
  • Section: O
  • Waterfront Location: 3 - lots from oceanfront (4th row)
  • Zoning: R
  • Deed Book Pg Number: 0212
  • Major Subdivision: Ocean Sands
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 7
  • Floor Coverings: Carpet, Tile, Wood
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Ice Maker Connection, Ensuite
  • Optional Rooms: Game Room, Shipswatch
  • Partial Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Under

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Management, Pool, Tennis Courts
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground
  • Association Fee: Yes
  • Estimated Annual Fee: 830
  • Hoa Contact: Bob DeFazio
  • HOA Contact: 252-453-2105
  • Home Owner Dwelling Insurance: 5780

Lot Info

  • Lot Description: Level
  • Lot Number: Lot 58
  • Deed Book: 1141

Rental Info

  • Est Annual Rental Income: 70505
  • Estimated Rental Performance: 0.1085
  • Flood Expenses: 1967
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Wave Ride Inn
  • Rental Cottage Number: GOL58
  • Rental Phone Number: 457-1100
  • Rental Turnover Day: Sun
  • Annual Electric: 3411
  • Annual Water Expense: 2234

Building Info

  • Year Built: 1999

Tax Info

  • Year: 2014
  • Taxes: 3414

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2015
Closed on
Jun 22, 2015
Sold by
Favor Land Company L C
Bought by
446-448 Main Street Nominee Trust and Seggelin Kerry F
Seller's Agent
Randy Jones
EXP Realty, LLC - Coastal
Buyer's Agent
Susan Von Suskil
Howard Hanna Outer Banks Realt
List Price
$697,900
Sold Price
$650,000
Premium/Discount to List
-$47,900
-6.86%
Current Estimated Value
$1,282,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$632,197
Avg. Annual Appreciation
6.66%
Original Mortgage
$450,000
Outstanding Balance
$348,173
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$934,024

Purchase Details

Closed on
Nov 2, 2010
Sold by
Boyers R Samuel and Boyers Nancy S
Bought by
Favor Land Company Lc
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
446-448 Main Street Nominee Trust $650,000 Attorney
Favor Land Company Lc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 446-448 Main Street Nominee Trust $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/22/2015 06/22/15 Sold $650,000 -6.9% $178 / Sq Ft
04/26/2015 04/26/15 Pending -- -- --
03/09/2015 03/09/15 For Sale $697,900 -- $191 / 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 $8,627 $699,500 $235,000 $464,500
2024 $8,627 $699,500 $235,000 $464,500
2023 $8,611 $699,500 $235,000 $464,500
2022 $5,968 $699,500 $235,000 $464,500
2021 $5,213 $553,000 $185,000 $368,000
2020 $4,225 $553,000 $185,000 $368,000
2019 $4,213 $553,000 $185,000 $368,000
2018 $4,446 $553,000 $185,000 $368,000
2017 $4,128 $553,000 $185,000 $368,000
2016 $3,736 $553,000 $185,000 $368,000
2015 $3,412 $553,000 $185,000 $368,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 87091

Outer Banks Association of REALTORS®

APN: 126A-000-0058-000O