NOT LISTED FOR SALE

725 Mainsail Arch Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $968,739 - $1,159,000

6 Beds
4.5 Baths
2,928 Sq Ft
$359/Sq Ft Est. Value

Last Sold July 22, 2020

Last sale price $599,000 $205 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $6,177/month

78 Days on Market

Highlights

  • Community Beach Access
  • In Ground Pool
  • Coastal Architecture
  • Ocean View
  • Second Refrigerator
  • Cathedral Ceiling

About This Home

As of July 2020

"The Mainsail" is an immaculate 6 bedroom home, close to the beach with ocean views and a classic Outer Banks style. Appointed with nautical themed decor throughout the home. The walk to the beach is very short, only 6 lots from the oceanfront, less than 500 feet. If your looking for a rental home, this is an excellent choice with rents over $62,000 each of the last two years. The top level features an open floor plan, beautiful kitchen with granite counter tops, wood floors, gas fireplace, large master bedroom, cover porch, and ocean views! The middle level has 4 bedrooms with a den in the center of them all. Covered porch in the front with hammock and back porch with hot tub overlooking the pool deck. The ground floor has another bedroom, gameroom with pool table, a 2nd refrigerator and direct access to the private pool outback. If your looking for a move in ready home with top tier rentals, this is it!

Last Agent to Sell the Property

Steven Gross

Twiddy and Company - Corolla License #288399 Listed on: 03/05/2020

Last Buyer's Agent

William Hogan

Twiddy and Co. - Duck License #103949

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,687

Year Built

  • Built in 2000

Lot Details

  • Corner Lot
  • Level Lot

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 2,928 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

  • In Ground Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Covered Deck

Utilities

  • Heat Pump System
  • Municipal Utilities District for Water and Sewer

Listing and Financial Details

  • Tax Lot 23

Community Details

Overview

  • Association fees include management, security, tennis courts
  • Ocean Sands Subdivision

Recreation

  • Community Beach Access
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,687

Year Built

Built in 2000

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Hot Tub, Outside Shower, Smoke Detector(s), Inside Laundry Room
  • Flood Zone: X
  • Headline: Close to beach & 10%+ ROI!
  • Heated Sq Ft: 2928
  • L V T Date: 03/05/2020
  • Roads: Paved
  • Sale/Rent: For Sale
  • Section: P
  • Waterfront Location: More than 5th row
  • Zoning: RES
  • Advertised Income 2020: 34861
  • Deed Book Pg Number: 880
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Ocean Sands
  • Newpoint Media: Yes
  • Office License Number: C4556
  • 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, Washer, 2nd Refrigerator
  • Bedrooms: 6
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Wood
  • Foundation: Piling
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ensuite, Walk in Closet
  • Optional Rooms: Foyer, Game Room
  • Partial Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Management, Security, Tennis Courts
  • Association Amenities: Ocean Access, Outdoor-Comm. Tennis
  • Association Fee: Yes
  • Estimated Annual Fee: 600

Lot Info

  • Lot Description: Corner, Level
  • Lot Number: Lot 23
  • Deed Book: 1043

Rental Info

  • Est Annual Rental Income: 68440
  • Estimated Rental Performance: 0.1143
  • Lease Terms: Weekly
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: The Mainsail
  • Rental Cottage Number: G971
  • Rental Turnover Day: Sunday
  • Rental Contact Name: Jen Kavanaugh

Building Info

  • Year Built: 2000

Tax Info

  • Year: 2019
  • Taxes: 3687.48

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2023
Sold by
Soberick Michael T and Soberick Jean B
Bought by
725 Mainsail Arch Llc
Current Estimated Value
$1,051,435

Purchase Details

Listed on
Mar 5, 2020
Closed on
Jul 20, 2020
Sold by
Hollander Jeffrey S and Hollander Leigh
Bought by
Soberick Michael T and Soberick Jean B
Seller's Agent
Steven Gross
Twiddy and Company - Corolla
Buyer's Agent
William Hogan
Twiddy and Co. - Duck
List Price
$610,000
Sold Price
$599,000
Premium/Discount to List
-$11,000
-1.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.14%
Original Mortgage
$449,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2008
Sold by
Elliott Terry W and Elliott Melinda
Bought by
Hollander Jeffrey S and Hollander Leigh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
5.68%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
725 Mainsail Arch Llc -- None Listed On Document
Soberick Michael T $2,995,000 None Available
Hollander Jeffrey S $725,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Soberick Michael T $449,000
Previous Owner Hollander Jeffrey S $580,000
Previous Owner Hollander Jeffrey S $72,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2020 07/22/20 Sold $599,000 0.0% $205 / Sq Ft
05/22/2020 05/22/20 Pending -- -- --
05/15/2020 05/15/20 Price Changed $599,000 -1.8% $205 / Sq Ft
03/05/2020 03/05/20 For Sale $610,000 -- $208 / 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
2024 $6,635 $557,600 $180,000 $377,600
2023 $6,158 $557,600 $180,000 $377,600
2022 $4,835 $557,600 $180,000 $377,600
2021 $4,243 $477,400 $160,000 $317,400
2020 $3,678 $477,400 $160,000 $317,400
2019 $3,668 $477,400 $160,000 $317,400
2018 $3,717 $477,400 $160,000 $317,400
2017 $3,461 $477,400 $160,000 $317,400
2016 $3,115 $477,400 $160,000 $317,400
2015 $2,868 $477,400 $160,000 $317,400
Source: Public Records

Agents Affiliated with this Home

  • Steven Gross

    Seller's Agent in 2020

    Steven Gross

    Twiddy and Company - Corolla

    (252) 864-9035

    19 in this area

    46 Total Sales

    Steven Gross
    Section Image
  • William Hogan

    Buyer's Agent in 2020

    William Hogan

    Twiddy and Co. - Duck

    (252) 202-9090

    18 in this area

    42 Total Sales

    William Hogan
    Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 108612

Outer Banks Association of REALTORS®

APN: 126A-000-0023-000P

North Carolina Currituck County Corolla 27927 Corolla

725 Mainsail Arch, Corolla, NC

This home is located at 725 Mainsail Arch, Corolla, NC 27927 since 05 March 2020 and is currently estimated at $1,051,435, approximately $359 per square foot. This property was built in 2000. 725 Mainsail Arch is a home located in Currituck County with nearby schools including Knotts Island Elementary School, Currituck County Middle School, and Currituck County High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Outer Banks Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes