Seller's Agent in 2023
Jeanne-Marie DeStefano
Keller Williams - Outer Banks
(252) 599-7250
27 in this area
119 Total Sales
752 Waters Edge Corolla, NC 27927
Corolla NeighborhoodEstimated Value: $707,000 - $844,000
5
Beds
4
Baths
2,503
Sq Ft
$305/Sq Ft
Est. Value
Highlights
- Community Beach Access
- Lake View
- Cathedral Ceiling
- Fiberglass Pool
- Second Refrigerator
- Sun or Florida Room
About This Home
As of May 2023The perfect beach house does exist!! This adorable home in Corolla is the quintessential Outer Banks beach cottage. 5 bedrooms, 4 baths, WALKABLE TO THE BEACH, private pool, hot tub, ground level game room with kitchenette and it comes fully furnished with SIGNIFICANT INCOME already on the books! PLUS this home has added privacy since it's located on a cul-de-sac, surrounded by trees and one house away from the Ocean Sands lake. The top floor features an open floor plan with cathedral ceilings, large kitchen and dining, with living space that is centered around a gas fireplace and built-in shelving. The large east facing windows let in great natural light. Sliders lead out to the east-facing deck with ocean breezes and lake views! An all-seasons room off the living area adds to the usable space and is a great place to read a book or enjoy the views. Off of the living space is a nice sized bedroom and full bath. On the mid level, you'll find a bedroom with its own en suite, and two more bedrooms that share a hall bathroom. There's plenty of covered decks on this level, great for hammocks and adirondack chairs. The ground level has another bedroom, full bath, laundry area, storage and a large game room entertaining space with its own kitchenette. Sliders lead out from this space to the large pool area with hot tub, that backs up to the wooded common area, adding to your privacy. It's a short walk to the beach using the paved neighborhood streets, or you can take the sandy trail along the lake and enjoy the partially shaded walk and pretty views, plus you'll probably see some turtles along the way. Seeing the occasional turtle on the lake walk to the beach has been a surprising hit with vacation renters. A new owner will benefit from the almost-fully booked rental season for 2023, and a rental projection of a fully opened calendar in 2024 conservatively estimates approx 79k in rental income potential. It's a turn-key Outer Banks investment, where everything has been done for you. New luxury vinyl flooring installed in 2020, fresh paint in bedrooms and bathrooms in 2020, new roof in 2021, decking and railings just painted in 2023.
Last Agent to Sell the Property
Keller Williams - Outer Banks License #282161 Listed on: 04/18/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,455
Year Built
- Built in 1992
Lot Details
- Property fronts a private road
- Cul-De-Sac
- Lot includes common area
- Level Lot
- Property is zoned SFO
HOA Fees
- $75 Monthly HOA Fees
Home Design
- Asphalt Shingled Roof
- Wood Siding
- Lap Siding
- Piling Construction
Interior Spaces
- 2,503 Sq Ft Home
- Furnished
- Cathedral Ceiling
- Ceiling Fan
- Gas Fireplace
- Sun or Florida Room
- Lake Views
Kitchen
- Microwave
- Second Refrigerator
- Ice Maker
- Dishwasher
Flooring
- Ceramic Tile
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- En-Suite Primary Bedroom
- 4 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Pool
- Fiberglass Pool
- Outdoor Pool
- Spa
Outdoor Features
- 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 147
Community Details
Overview
- Association fees include walkways
- Signature Touch Association, Phone Number (252) 441-8857
- Ocean Sands Subdivision
Amenities
- Common Area
Recreation
- Community Beach Access
- Tennis Courts
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 18, 2023
Closed on
May 26, 2023
Sold by
Abromson Henry and Abromson Elise Gail
Bought by
Gill Rajeiir S and Gill Navpreet
Seller's Agent
Jeanne-Marie DeStefano
Keller Williams - Outer Banks
Buyer's Agent
Haley Winslow
Coldwell Banker Seaside Realty KH
List Price
$759,000
Sold Price
$771,000
Premium/Discount to List
$12,000
1.58%
Views
24
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,548
Avg. Annual Appreciation
-0.48%
Original Mortgage
$577,500
Outstanding Balance
$561,716
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$200,736
Purchase Details
Listed on
Mar 27, 2018
Closed on
Sep 18, 2019
Sold by
Newbern Marlene H and Newbern Horatio D
Bought by
Abromson Henry and Abromson Elise Gail
Seller's Agent
Rebecca Woodson
OBHOA, LLC
Buyer's Agent
Jeanne-Marie DeStefano
Keller Williams - Outer Banks
List Price
$465,000
Sold Price
$362,000
Premium/Discount to List
-$103,000
-22.15%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.74%
Original Mortgage
$325,800
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 12, 2006
Sold by
Manganella Vincent J and Manganella Louise Lawes
Bought by
Newbern Marlene H and Newbern Horatio D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.21%
Mortgage Type
New Conventional
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gill Rajeiir S | $4,626,000 | None Listed On Document | |
| Abromson Henry | $362,000 | None Available | |
| Newbern Marlene H | $156,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gill Rajeiir S | $577,500 | |
| Previous Owner | Abromson Henry | $325,800 | |
| Previous Owner | Newbern Marlene H | $350,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/26/2023 05/26/23 | Sold | $771,000 | +1.6% | $308 / Sq Ft |
| 04/21/2023 04/21/23 | Pending | -- | -- | -- |
| 04/18/2023 04/18/23 | For Sale | $759,000 | +109.7% | $303 / Sq Ft |
| 09/17/2019 09/17/19 | Sold | $362,000 | -3.4% | $147 / Sq Ft |
| 07/15/2019 07/15/19 | Pending | -- | -- | -- |
| 03/27/2019 03/27/19 | Price Changed | $374,900 | -5.1% | $152 / Sq Ft |
| 12/04/2018 12/04/18 | Price Changed | $395,000 | -7.9% | $160 / Sq Ft |
| 07/07/2018 07/07/18 | Price Changed | $429,000 | -6.2% | $174 / Sq Ft |
| 06/07/2018 06/07/18 | Price Changed | $457,500 | -1.6% | $186 / Sq Ft |
| 03/27/2018 03/27/18 | For Sale | $465,000 | -- | $189 / Sq Ft |
Source: Outer Banks Association of REALTORS®
Tax History Compared to Growth
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 | $4,851 | $381,600 | $100,000 | $281,600 |
| 2023 | $4,851 | $381,600 | $100,000 | $281,600 |
| 2022 | $3,455 | $381,600 | $100,000 | $281,600 |
| 2021 | $3,054 | $359,900 | $115,000 | $244,900 |
| 2020 | $2,846 | $359,900 | $115,000 | $244,900 |
| 2019 | $2,838 | $359,900 | $115,000 | $244,900 |
| 2018 | $2,875 | $359,900 | $115,000 | $244,900 |
| 2017 | $2,677 | $359,900 | $115,000 | $244,900 |
| 2016 | $2,408 | $359,900 | $115,000 | $244,900 |
| 2015 | $2,222 | $359,900 | $115,000 | $244,900 |
Source: Public Records
Agents Affiliated with this Home
-
Jeanne-Marie DeStefano
-
Haley Winslow
Buyer's Agent in 2023
Haley Winslow
Coldwell Banker Seaside Realty KH
(828) 406-7387
3 in this area
75 Total Sales
-
Rebecca Woodson
R
Seller's Agent in 2019
Rebecca Woodson
OBHOA, LLC
(252) 473-7239
10 in this area
31 Total Sales
-
Gary Woodson
G
Seller Co-Listing Agent in 2019
Gary Woodson
OBHOA, LLC
7 in this area
24 Total Sales
Map
Source: Outer Banks Association of REALTORS®
MLS Number: 121984
APN: 126A-000-0147-000M
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Information is deemed reliable but not guaranteed.
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