NOT LISTED FOR SALE

718 Mainsail Arch Corolla, NC 27927

Estimated Value: $776,000 - $832,000

5 Beds
3 Baths
1,760 Sq Ft
$457/Sq Ft Est. Value

Last Sold August 06, 2018

Last sale price $385,000 $219 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $4,688/month

309 Days on Market

Highlights

  • Ocean View
  • Furnished
  • Screened Porch
  • Rooftop Deck
  • Wood Countertops
  • Outdoor Shower

About This Home

As of August 2018

Great location for a classic Corolla beach house only 300 feet to the beach. As of 6/23, the most affordable 4th row in Corolla. This home is well maintained and just got a brand new exterior paint job on the house and decks. The great room and kitchen boast open floor plans with ocean views. Currently the landscaping is being revamped and has a clean slate for any potential buyer to be creative. A SMALL POOL CAN FIT ON THE PROPERTY. The back of the property backs up to the common area separating Ocean Sands Section O-P, which means that no one will ever be able to build and take away that beautiful ocean view. Enjoy a morning coffee from the rooftop deck where you get 360 degree views of Corolla. Call today to make your appointment, great value!

Last Agent to Sell the Property

Matt Preston

Twiddy and Company - Corolla License #288364 Listed on: 06/23/2017

Last Buyer's Agent

David Weybright

Coastal Outer Banks Realty License #185816

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,612

Year Built

  • Built in 1985

Lot Details

  • Property fronts a private road
  • Lot includes common area
  • Level Lot

HOA Fees

  • $29 Monthly HOA Fees

Home Design

  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 1,760 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Screened Porch
  • Ocean Views
  • Attic Fan

Kitchen

  • Microwave
  • Dishwasher
  • Wood Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Sun Deck
  • Rooftop Deck
  • Covered Deck

Utilities

  • Central Air
  • Heat Pump System
  • Municipal Utilities District Water
  • Community Sewer or Septic

Community Details

  • Association fees include road maintenance, security, tennis courts, walkways
  • Ocean Sands Subdivision

Listing and Financial Details

  • Tax Lot 15

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,612

Year Built

Built in 1985

Lot Details

0

HOA Fees

$29 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: From NC-12, turn onto Driftwood Way, take a right onto Mariner Dr, take your 2nd left on Mainsail Arch and the house is on the right.
  • Extras: Attic Fan, Ceiling Fan(s), Covered Decks, Outside Shower, Screened Porch, Sun Deck, Roof Top Deck
  • Flood Zone: AE
  • Headline: Motivated Seller, Bring Offer!
  • Heated Sq Ft: 1760
  • L V T Date: 06/23/2017
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Section: P
  • Waterfront Location: 3 - lots from oceanfront (4th row)
  • Zoning: R
  • Deed Book Pg Number: 865
  • Major Subdivision: Ocean Sands
  • Office License Number: C4556
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Bedrooms: 5
  • Countertops: Wood
  • Floor Coverings: Carpet, Tile
  • Foundation: Piling, Slab
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: Dryer Connection

Exterior Features

  • Construction: Frame
  • Exterior: Lap Siding, Shakes
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Road Maintenance, Security, Tennis Courts, Walkways
  • Association Fee: Yes
  • Estimated Annual Fee: 350

Lot Info

  • Lot Description: Adj. To Common Area, Level
  • Lot Number: Lot 15
  • Deed Book: 1245

Rental Info

  • Est Annual Rental Income: 31555
  • Estimated Rental Performance: 0.082
  • Lease Terms: Weekly
  • Rental Co: Beach Realty & Construction
  • Rental Cottage Name: On a Whim
  • Rental Cottage Number: 7100
  • Rental Phone Number: 252-453-4141
  • Rental Turnover Day: Sat

Building Info

  • Year Built: 1985

Tax Info

  • Year: 2016
  • Taxes: 2612.36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2017
Closed on
Aug 6, 2018
Sold by
Manry Bradly C and Manry Jennifer M
Bought by
Garnache Neil A and Garnache Kristin W
Seller's Agent
Matt Preston
Twiddy and Company - Corolla
Buyer's Agent
David Weybright
Coastal Outer Banks Realty
List Price
$435,000
Sold Price
$385,000
Premium/Discount to List
-$50,000
-11.49%
Current Estimated Value
$803,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$418,695
Avg. Annual Appreciation
10.43%
Original Mortgage
$327,250
Outstanding Balance
$283,016
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$520,679

Purchase Details

Listed on
Jun 13, 2012
Closed on
Apr 8, 2013
Sold by
Rebollo Antonio E and Rebollo Barbara A
Bought by
Manry Bradley C and Manry Jennifer M
Seller's Agent
Cooper Hawk
Outer Banks Realty Group
Buyer's Agent
John Leatherwood
Coldwell Banker Seaside Realty KH
List Price
$499,000
Sold Price
$412,000
Premium/Discount to List
-$87,000
-17.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.27%
Original Mortgage
$329,600
Interest Rate
3.55%
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
Garnache Neil A $385,000 None Available
Manry Bradley C $412,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garnache Neil A $327,250
Previous Owner Manry Bradley C $329,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/06/2018 08/06/18 Sold $385,000 -3.5% $219 / Sq Ft
04/28/2018 04/28/18 Pending -- -- --
02/26/2018 02/26/18 Price Changed $399,000 -3.9% $227 / Sq Ft
12/27/2017 12/27/17 Price Changed $415,000 -2.3% $236 / Sq Ft
10/13/2017 10/13/17 Price Changed $424,900 -1.0% $241 / Sq Ft
08/11/2017 08/11/17 Price Changed $429,000 -1.4% $244 / Sq Ft
06/23/2017 06/23/17 For Sale $435,000 +5.6% $247 / Sq Ft
04/17/2013 04/17/13 Sold $412,000 -17.4% $234 / Sq Ft View Prior Sale
02/22/2013 02/22/13 Pending -- -- --
06/13/2012 06/13/12 For Sale $499,000 -- $284 / 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 $5,529 $471,600 $275,000 $196,600
2024 $5,529 $471,600 $275,000 $196,600
2023 $5,513 $471,600 $275,000 $196,600
2022 $4,034 $471,600 $275,000 $196,600
2021 $3,530 $394,800 $225,000 $169,800
2020 $2,994 $394,800 $225,000 $169,800
2019 $2,994 $394,800 $225,000 $169,800
2018 $3,115 $397,800 $225,000 $172,800
2017 $2,897 $397,800 $225,000 $172,800
2016 $2,612 $397,800 $225,000 $172,800
2015 $2,404 $397,800 $225,000 $172,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 96892

Outer Banks Association of REALTORS®

APN: 126A-000-0015-000P