NOT LISTED FOR SALE

648 Wave Arch Corolla, NC 27927

Estimated Value: $783,000 - $916,000

5 Beds
3.5 Baths
2,464 Sq Ft
$345/Sq Ft Est. Value

Last Sold May 06, 2016

Last sale price $490,000 $199 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $5,037/month

239 Days on Market

Highlights

  • Community Beach Access
  • In Ground Pool
  • Contemporary Architecture
  • Ocean View
  • Rooftop Deck
  • Cathedral Ceiling

About This Home

As of May 2016

ORIGINAL OWNERS AND NEVER RENTED.This house is in top condition at a location with ocean view from 3rd floor living room and a great ocean view from the ships watch, [sunrise deck]. On the south side of the property, [back yard], there is a dedicated open space so back yards have buffer zone privacy. Built in 1999, the owners have updated and improved as follows. 2001 added ground floor locked storage room. 2009 installed 1 new heat pump with 10 year transferable warranty, under annual maintenance contract. 2010 installed the the other new heat pump with 10 year transferable warranty, under annual maintenance contract. 2011 installed in ground, fiberglass, 12 X 30; added middle deck with slider to interior, with stairs to ground level; upgraded to poly-trim around all windows and 2/3 of house painted. 2012, new roof and remaining house painted. 2013 New SS refrigerator, with 5 year transferable warranty. 2014 extended heated living space on the ground floor by 100 square feet with additional closet, and door to the pool area and u upgraded lower level floor tile. Remodeled mid-level master bedroom with tiled walk-in shower, upgraded floor tile, granite counter tops on new cabinets and upgraded light fixtures. Re-modeled kitchen, with granite countertops and glass/tile backsplash. The yard has very nice landscaping; lovely bushes, and an all gravel yard. No grass to cut. The perfect permanent residence for buyers who wish to live on the Outer Banks; great 2nd home or a investment [weekly rental] property. Around the corner and a short walk are the community pool, tennis court. New to the Brindley Rental Program in 2016.

Last Agent to Sell the Property

Jim Heinrich

Default, Office License #151664 Listed on: 08/02/2015

Last Buyer's Agent

Robert Godley

Kitty Hawk Land Company License #185619

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,476

Year Built

  • Built in 1999

Lot Details

  • 6,000 Sq Ft Lot
  • Property fronts a private road
  • Lot includes common area
  • Fenced Yard
  • Landscaped
  • Level Lot

HOA Fees

  • $69 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 2,464 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Ocean Views

Kitchen

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

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • Tuck Under Parking
  • Paved Parking
  • Off-Street Parking

Pool

  • In Ground Pool
  • Fiberglass Pool
  • Outdoor Pool

Outdoor Features

  • Rooftop Deck
  • Covered Deck

Utilities

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

Listing and Financial Details

  • Tax Lot 44

Community Details

Overview

  • Association fees include common electric, pool, road maintenance, sewer/septic, tennis courts, water
  • Bob De Fazio Association, Phone Number (757) 422-9111
  • Ocean Sands Subdivision

Recreation

  • Community Beach Access
  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,476

Year Built

Built in 1999

Lot Details

0

HOA Fees

$69 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary
  • Directions: North on route 12 to Corolla, turn right on sec O Seabird way, continue to section O then right on Wave Arch, second house on right #641.
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Fenced Yard, Landscaped, Roof Top Deck
  • Flood Zone: AE
  • Subdivision Name: Ocean Sands Section O
  • Headline: Top quality ocean view perfect
  • Heated Sq Ft: 2464
  • Phase: 111 A
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Section: O
  • Waterfront Location: 4 - lots from oceanfront (5th row)
  • Zoning: Res
  • Deed Book Pg Number: 919
  • Major Subdivision: Ocean Sands
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 5
  • Bedroom 1: 14.6 x11 x, On Level: 3
  • Bedroom 2: 13.4 x 11., On Level: 2
  • Bedroom 3: 11 x 12, On Level: 2
  • Bedroom 4: 11 x1 0.6, On Level: 2
  • Bedroom 5: 15 X 19, On Level: 1
  • Kitchen: 11 X 11.6, On Level: 3
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Tile, Wood Laminate
  • Foundation: Piling, Slab
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ensuite, Washer Connection
  • Dining Room: 8 X 14, On Level: 3
  • Family Room: 15 X 19, On Level: 1
  • Living Room: 19 X 18, On Level: 3
  • Optional Rooms: Foyer, Shipswatch
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Covered Deck Size: 50 x 10
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Fiberglass, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 60
  • Sun Deck Size: 50 x 10
  • View: Ocean

Garage/Parking

  • Parking: Paved, Off Street, Under

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Pool, Road Maintenance, Sewer/Septic, Tennis Courts, Water
  • Association Amenities: Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis
  • Association Fee: Yes
  • Estimated Annual Fee: 830
  • Hoa Contact: Bob De Fazio
  • HOA Contact: 757-422-9111
  • Home Owner Dwelling Insurance: 3091

Lot Info

  • Estimated Lot Sq Ft: 6000
  • Lot Description: Adj. To Common Area, Level
  • Lot Number: Lot 44
  • Deed Book: 441

Rental Info

  • Flood Expenses: 2287
  • Other Expenses: 80
  • Poolspa Expense: 980
  • Rental Co: Brindley Beach Vacations
  • Rental Cottage Name: OB Wave
  • Rental Cottage Number: OL44
  • Rental Phone Number: 252-453-3000
  • Rental Turnover Day: Sunday
  • Total Expenses: 9410
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 1272
  • Annual Electric: 1600
  • Annual Telephone Expense: 660
  • Annual Water Expense: 424

Building Info

  • Year Built: 1999

Tax Info

  • Year: 2015
  • Taxes: 2476

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2015
Closed on
May 4, 2016
Sold by
Grier Steven C and Grier Donna H
Bought by
Stelter Christine S and Straub Terry L
Seller's Agent
Jim Heinrich
Default, Office
Buyer's Agent
Robert Godley
Kitty Hawk Land Company
List Price
$545,000
Sold Price
$490,000
Premium/Discount to List
-$55,000
-10.09%
Current Estimated Value
$850,904

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$360,904
Avg. Annual Appreciation
5.89%
Original Mortgage
$349,800
Outstanding Balance
$276,662
Interest Rate
3.71%
Mortgage Type
New Conventional
Estimated Equity
$574,242

Purchase Details

Closed on
Sep 9, 1998
Bought by
Grier Steven C and Grier Donna H
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
Stelter Christine S $490,000 Attorney
Grier Steven C $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stelter Christine S $349,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2016 05/06/16 Sold $490,000 -10.1% $199 / Sq Ft
03/28/2016 03/28/16 Pending -- -- --
08/02/2015 08/02/15 For Sale $545,000 -- $221 / 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 $6,119 $510,700 $190,000 $320,700
2024 $6,119 $482,600 $190,000 $292,600
2023 $5,787 $482,600 $190,000 $292,600
2022 $4,233 $482,600 $190,000 $292,600
2021 $3,718 $425,700 $180,000 $245,700
2020 $3,292 $425,700 $180,000 $245,700
2019 $3,292 $425,700 $180,000 $245,700
2018 $3,336 $425,700 $180,000 $245,700
2017 $3,097 $425,700 $180,000 $245,700
2016 $2,790 $425,700 $180,000 $245,700
2015 $2,506 $425,700 $180,000 $245,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 89029

Outer Banks Association of REALTORS®

APN: 126A-000-0044-000O