NOT LISTED FOR SALE

720 Mainsail Arch Corolla, NC 27927

Estimated Value: $748,000 - $806,367

4 Beds
2.5 Baths
1,850 Sq Ft
$420/Sq Ft Est. Value

Last Sold March 10, 2023

Last sale price $737,000 $398 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,499/month

2 Days on Market

Highlights

  • Community Beach Access
  • Furnished
  • Lap Siding
  • Ocean View
  • Central Heating and Cooling System

About This Home

As of March 2023

720 Mainsail Arch, Corolla- Incredible opportunity to own this 4bd/2.5bth house for sale in the community of Ocean Sands located in Corolla. This Corolla home for sale is just 4 lots back from the beach and offers ocean views from the top deck. There is direct beach access right outside the back of the house via the community walking path. The sellers have made numerous updates over the years with new front and back top decking in 2022, new range, refrigerator, and dishwasher in 2021, new carpet in the bedrooms in 2020 and so much more. The house offers 4 bedrooms and one bathroom on the first floor along with access a deck off the back that leads down to the fenced in backyard. The open concept top floor has a spacious kitchen area with updated granite countertops and cabinets (2016), dining area, and living area. Off the living room there is another sitting area with half bath plus access to the back deck where you can enjoy the ocean views. There is also a deck off the front of the house accessed by the kitchen or living room. Under the house there are 2 storage areas, outside shower, and access to the fenced in back yard. With its fabulous location this house will make for a great 2nd home or rental. If you are looking for an Outer Banks beach house, you need to check this one out!

Last Agent to Sell the Property

Matt Huband

OBX Realty Group, LLC License #223529 Listed on: 02/09/2023

Last Buyer's Agent

Sarah Pritchard

SAGA Realty and Construction License #310311

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,052

Year Built

  • Built in 1989

Lot Details

  • Property is zoned SFO

HOA Fees

  • $75 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

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

Interior Spaces

  • 1,850 Sq Ft Home
  • Furnished
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

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

Listing and Financial Details

  • Tax Lot 14

Community Details

Overview

  • Signature Touch Association, Phone Number (252) 441-8857
  • Ocean Sands Subdivision

Recreation

  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,052

Year Built

Built in 1989

Lot Details

0

HOA Fees

$75 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: Turn onto Driftwood then right on Mariner Way then go to 2nd Mainsail Arch turn left house is on the right
  • Flood Zone: X
  • Subdivision Name: Ocean Sands
  • Headline: Ocean Views and Close To Beach
  • Heated Sq Ft: 1850
  • L V T Date: 02/09/2023
  • Sale/Rent: For Sale
  • Section: P
  • Waterfront Location: 4 - lots from oceanfront (5th row)
  • Zoning: SFO
  • Deed Book Pg Number: 122
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Ocean Sands
  • Newpoint Media: Yes
  • Office License Number: C22431
  • 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
  • Bedrooms: 4
  • Foundation: Piling
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Partial Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Parking: Off Street

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Ocean Access
  • Association Fee: Yes
  • Estimated Annual Fee: 900
  • Hoa Contact: Signature Touch
  • HOA Contact: 252-441-8857
  • Home Owner Dwelling Insurance: 1500

Lot Info

  • Lot Number: Lot 14
  • Deed Book: 1114

Rental Info

  • Est Annual Rental Income: 70000
  • Estimated Rental Performance: 0.095
  • Flood Expenses: 901
  • Other Expenses: 490
  • Yearly Expense Actual Estimate: Estimated
  • Annual Cable TV Expense: 3025
  • Annual Electric: 1900

Building Info

  • Year Built: 1989

Tax Info

  • Year: 2022
  • Taxes: 4052

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2023
Closed on
Mar 7, 2023
Sold by
Browning Chauncey H and Browning Judith L
Bought by
Henry Peter James and Jones Henry Sandra
Seller's Agent
Matt Huband
OBX Realty Group, LLC
Buyer's Agent
Sarah Pritchard
SAGA Realty and Construction
List Price
$725,000
Sold Price
$737,000
Premium/Discount to List
$12,000
1.66%
Views
10
Current Estimated Value
$758,129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,129
Avg. Annual Appreciation
1.86%

Purchase Details

Closed on
Jan 26, 2010
Sold by
Edler Shane M and Edler Shelly S
Bought by
Browning Chauncey H and Browning Judith L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,600
Interest Rate
4.8%
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
Henry Peter James $4,420,000 --
Henry Peter James $4,420,000 None Listed On Document
Browning Chauncey H $459,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Browning Chauncey H $268,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2023 03/10/23 Sold $737,000 +1.7% $398 / Sq Ft
02/11/2023 02/11/23 Pending -- -- --
02/09/2023 02/09/23 For Sale $725,000 -- $392 / 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 $5,421 $461,500 $235,000 $226,500
2024 $5,421 $461,500 $235,000 $226,500
2023 $5,143 $461,500 $235,000 $226,500
2022 $4,052 $461,500 $235,000 $226,500
2021 $3,563 $383,500 $185,000 $198,500
2020 $2,991 $383,500 $185,000 $198,500
2019 $2,985 $383,500 $185,000 $198,500
2018 $0 $383,500 $185,000 $198,500
2017 $2,814 $383,500 $185,000 $198,500
2016 $2,538 $383,500 $185,000 $198,500
2015 $2,340 $383,500 $185,000 $198,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 121405

Outer Banks Association of REALTORS®

APN: 126A-000-0014-000P