NOT LISTED FOR SALE

700 Spinnaker Arch Corolla, NC 27927

Estimated Value: $1,784,000 - $2,184,953

7 Beds
8 Baths
3,149 Sq Ft
$623/Sq Ft Est. Value

Last Sold April 21, 2021

Last sale price $1,550,000 $492 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $11,429/month

189 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Second Refrigerator
  • Community Beach Access
  • Heated In Ground Pool
  • Craftsman Architecture

About This Home

As of April 2021

This is an Ocean Front WOW! Everything Recently Re-Done from Top to Bottom Except the VIEW, IT'S PERFECT! The dedicated Green Space on your southern side Dramatically opens your View. The Ground Floor Game/Family Room is great when you need a little extra room to enjoy. The Five Master Suites and two additional bedrooms along with 6 Full and 2 Half Baths provides enough room for the entire family. The top floor Great Room with Vaulted Ceilings and Tons of Glass really Showcases the Spectacular Ocean Views. Hardwood Floors, Custom Fireplace, obvious Quality of Construction and Attention to Detail along with the High Quality Furnishings & Decor really set this home Apart From the Rest! The Well Appointed Kitchen has Up-Scale Cabinetry, Stainless Appliances, Granite Counter Tops with Custom Backsplash, Built-in Benches, Breakfast Nook and Additional Seating at the Custom Bar. Outside you have a Low Maintenance Exterior, Heated pool with Bar and Fire Pit, Hot Tub and Spacious Decks. If you are looking for the Perfect Ocean Front Get-Away in Move-In Condition that offers the opportunity to Invest in and Enjoy the Exceptional Serenity and Natural Beauty of the Northern Outer Banks, THIS IS IT! Did I mention that it has a Spectacular Ocean View!!! 1. Age of the Roof - 5 years old 2. Type of plumbing - modern plumbing 3. Age of Hot Water Heater - 5 years old 4. Age of HVAC - 5 years old 5. Exterior painted - 5 years ago

Last Agent to Sell the Property

Alex Argiroff

Keller Williams - Outer Banks License #176145 Listed on: 08/03/2020

Keller Williams - Outer Banks

Co-Listed By

Kathleen Argiroff

Keller Williams - Outer Banks License #216690

Last Buyer's Agent

Mike Bishal

Great Escapes Vacations & Sales License #201359

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,558

Year Built

  • Built in 1987

Lot Details

  • Beach Front
  • Cul-De-Sac
  • Lot includes common area
  • Level Lot

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • Paved Parking

Home Design

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

Interior Spaces

  • 3,149 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Gunite Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Exterior Lighting

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District for Water and Sewer

Listing and Financial Details

  • Tax Lot # 62

Community Details

Overview

  • Association fees include walkways
  • Kathy Ragen Association
  • Ocean Sands Subdivision

Recreation

  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,558

Year Built

Built in 1987

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Craftsman, Coastal
  • Directions: Turn East onto Driftwood Way, Straight onto Spinnaker Arch and house is at the end on the left.
  • Extras: Beach Access, Ceiling Fan(s), Hot Tub, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck
  • Headline: OCEANFRONT RE-DONE!
  • Heated Sq Ft: 3149
  • L V T Date: 08/04/2020
  • Roads: Paved
  • Sale/Rent: For Sale
  • Section: Q
  • Waterfront Location: Oceanfront
  • Zoning: RES
  • Advertised Income 2020: 152190
  • Advertised Income 2021: 158000
  • Deed Book Pg Number: 496
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Ocean Sands
  • Newpoint Media: Yes
  • Office License Number: C30917
  • 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 w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 7
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Wood
  • Foundation: Piling
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Some Windows Treated, Washer Connection, Wet Bar
  • Optional Rooms: Breakfast Nook, Game Room
  • Partial Bathrooms: 2

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: In Ground, Gunite, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Paved

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Walkways
  • Association Amenities: Ocean Access
  • Association Fee: Yes
  • Estimated Annual Fee: 600
  • Hoa Contact: Kathy Ragen
  • HOA Contact: Signature Touch

Lot Info

  • Lot Description: Adj. To Common Area, Beach Frontage, Cul-de-sac, Level
  • Lot Number: Lot# 62
  • Deed Book: 1353

Rental Info

  • Est Annual Rental Income: 158000
  • Estimated Rental Performance: 0.1019
  • Lease Terms: Weekly
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: SEAS THE DAY II
  • Rental Cottage Number: G999
  • Rental Phone Number: 866-457-1190
  • Rental Turnover Day: SUNDAY
  • Rental Contact Email: jkavanaugh@twiddy.com
  • Rental Contact Name: JEN KAVANAUGH
  • Rental Contact Phone: 252-457-1100

Building Info

  • Year Built: 1987

Tax Info

  • Year: 2020
  • Taxes: 7557.51

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2013
Closed on
Aug 21, 2014
Sold by
Mongar Andrew and Mongar Susan
Bought by
Phillips Warren and Phillips Kathleen
Seller's Agent
Gray Berryman
Carolina Designs Realty
Buyer's Agent
Heather VanderMyde
Coldwell Banker Seaside Realty - KDH
List Price
$700,000
Sold Price
$635,000
Premium/Discount to List
-$65,000
-9.29%
Current Estimated Value
$1,962,488

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,327,488
Avg. Annual Appreciation
10.44%

Purchase Details

Listed on
Mar 15, 2013
Closed on
Aug 19, 2014
Sold by
Phillips Warren and Phillips Kathleen
Bought by
Ejz Profit Sharing Plan
Seller's Agent
Gray Berryman
Carolina Designs Realty
Buyer's Agent
Heather VanderMyde
Coldwell Banker Seaside Realty - KDH
List Price
$700,000
Sold Price
$635,000
Premium/Discount to List
-$65,000
-9.29%

Purchase Details

Closed on
Jul 16, 2009
Sold by
Picard Ralph A and Scott Patricia
Bought by
Mongar Susan

Purchase Details

Closed on
Aug 19, 2005
Sold by
Carcione Joseph and Picard Susan
Bought by
Picard Ralph and Picard Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,295,000
Interest Rate
5.72%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Phillips Warren $635,000 Attorney
Ejz Profit Sharing Plan -- Attorney
Mongar Susan -- None Available
Picard Ralph -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Picard Ralph $1,295,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/21/2021 04/21/21 Sold $1,550,000 +0.1% $492 / Sq Ft
02/08/2021 02/08/21 Pending -- -- --
12/02/2020 12/02/20 Price Changed $1,549,000 +10.7% $492 / Sq Ft
12/01/2020 12/01/20 For Sale $1,399,000 0.0% $444 / Sq Ft
10/25/2020 10/25/20 Price Changed $1,399,000 -6.7% $444 / Sq Ft
10/25/2020 10/25/20 For Sale $1,499,000 0.0% $476 / Sq Ft
10/25/2020 10/25/20 Price Changed $1,499,000 +7.1% $476 / Sq Ft
09/27/2020 09/27/20 Pending -- -- --
08/03/2020 08/03/20 For Sale $1,399,000 -2.8% $444 / Sq Ft
01/28/2016 01/28/16 Sold $1,440,000 -3.7% $461 / Sq Ft View Prior Sale
11/09/2015 11/09/15 Pending -- -- --
08/27/2015 08/27/15 For Sale $1,495,000 +135.4% $479 / Sq Ft
08/21/2014 08/21/14 Sold $635,000 -9.3% $203 / Sq Ft View Prior Sale
02/06/2014 02/06/14 Pending -- -- --
03/15/2013 03/15/13 For Sale $700,000 -- $224 / 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 $13,159 $1,164,900 $770,000 $394,900
2024 $13,159 $1,164,900 $770,000 $394,900
2023 $13,143 $1,164,900 $770,000 $394,900
2022 $9,475 $1,164,900 $770,000 $394,900
2021 $8,275 $1,039,200 $700,000 $339,200
2020 $7,558 $1,039,200 $700,000 $339,200
2019 $7,558 $1,039,200 $700,000 $339,200
2018 $7,663 $1,039,200 $700,000 $339,200
2017 $7,115 $1,039,200 $700,000 $339,200
2016 $6,386 $1,039,200 $700,000 $339,200
2015 $5,848 $997,800 $700,000 $297,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 110413

Outer Banks Association of REALTORS®

APN: 126A-000-0062-000Q