Seller's Agent in 2023
Mandy Robinson
Outer Banks Realty Group
(252) 202-1991
33 in this area
83 Total Sales
787 Broad St Unit 25 Corolla, NC 27927
Corolla Neighborhood
8
Beds
8
Baths
4,975
Sq Ft
0.35
Acres
Highlights
- Community Beach Access
- Gated Community
- Cathedral Ceiling
- Spa
- Contemporary Architecture
- Wood Flooring
About This Home
As of November 2023POSITIVE CASH FLOW & TWO HOMES IN ONE! 12.5% ROI! Over $86,000 in annual rental income on the books for 2020! 787 Broad Street is a luxury style home located in the prestigious gated community of Buck Island in Corolla, NC. Immaculate, modern and completely updated on both sides, this home offers the perfect opportunity to own a second home and a vacation rental all in one. Rent one side and use one side for your own personal enjoyment! Each side features 4 bedrooms and 3 ½ bathrooms, game room, one car garage, hot tub, private decks, laundry room, and an open concept kitchen/dining/living area. The furniture and décor are absolutely stunning throughout the entire home and shows the care and hard work the current owners have put into this beautiful property. Both sides have had several updates and improvements done; cork flooring, bamboo flooring, NEW carpet and modern tile flooring throughout, granite counters in both kitchens and in all bathrooms, all stainless steel appliances (contact agent for full list) making this home a true, turn-key gem! New Trex type decking material installed on front steps for both units this spring. Each side earns approximately $43K in annual gross rental income making this an incredible investment opportunity! Conveniently located within walking distance to the beach, dining, shopping and entertainment in Corolla as well as all of the community amenities that Buck Island has to offer: community pool, tennis and basketball courts, playground and beach cabana service. Beautifully landscaped with great curb appeal, this home is an EXCELLENT INVESTMENT OPPORTUNITY and is in EXCELLENT CONDITION! Reserve peak summer weeks on one side for yourself and still be able to generate rental income from the other side. Buck Island is a golf cart friendly community, use the garage space on either side to store yours! To view the 3D tour of the B side copy and paste this address in your browser: https://my.matterport.com/show/?m=YCNU1oSsi1d - To view the 3D tour of the A side copy and paste this address in your browser: https://my.matterport.com/show/?m=nRP7NQ9vJsd
Last Agent to Sell the Property
Outer Banks Realty Group License #300017 Listed on: 01/06/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,204
Year Built
- Built in 1998
Lot Details
- Property fronts a private road
- Landscaped
- Level Lot
- Sprinkler System
HOA Fees
- $548 Monthly HOA Fees
Home Design
- Contemporary Architecture
- Reverse Style Home
- Slab Foundation
- Frame Construction
- Asphalt Shingled Roof
- Piling Construction
- Cement Board or Planked
Interior Spaces
- 4,975 Sq Ft Home
- Furnished
- Cathedral Ceiling
- Ceiling Fan
- Gas Fireplace
- Window Treatments
- Game Room
Kitchen
- Oven or Range
- Microwave
- Ice Maker
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Wood
- Carpet
- Cork
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- En-Suite Primary Bedroom
- Cedar Closet
- Walk-In Closet
- Hydromassage or Jetted Bathtub
Laundry
- Laundry Room
- Stacked Washer and Dryer
Parking
- Paved Parking
- Parking Lot
- Off-Street Parking
Pool
- Spa
- Outdoor Pool
- Outdoor Shower
Utilities
- Forced Air Zoned Heating and Cooling System
- Heat Pump System
- Municipal Utilities District for Water and Sewer
Community Details
Overview
- Association fees include common electric, common insurance, grounds maintenance, management, road maintenance, security, tennis courts
- Signature Touch Association, Phone Number (252) 441-8857
- Built by BD&A
- Bi Buck Island Subdivision
Recreation
- Community Beach Access
- Tennis Courts
- Community Playground
- Community Pool
Additional Features
- Common Area
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 14, 2023
Closed on
Nov 15, 2023
Sold by
Blair Germain O and Blair Erika M
Bought by
Nott Keagan and Nott Graham G
Seller's Agent
Mandy Robinson
Outer Banks Realty Group
Buyer's Agent
Melissa Morgan
Coldwell Banker Seaside Realty - KDH
List Price
$1,092,870
Sold Price
$1,092,870
Views
17
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
$58,042
Avg. Annual Appreciation
3.33%
Original Mortgage
$928,939
Outstanding Balance
$916,590
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$234,322
Purchase Details
Listed on
Jan 6, 2020
Closed on
Jan 15, 2021
Sold by
Amari R Richard R and Amari Mary Ann
Bought by
Blair Germain O and Blair Erika M
Seller's Agent
Mandy Robinson
Outer Banks Realty Group
Buyer's Agent
Holly Henry-West
Century 21 Nachman Realty
List Price
$685,000
Sold Price
$660,000
Premium/Discount to List
-$25,000
-3.65%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.74%
Original Mortgage
$594,000
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jun 16, 2005
Sold by
Adamson Jane L
Bought by
Amari R Richard and Amari Mary Ann
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,093,000 | None Listed On Document | |
| Warranty Deed | $660,000 | None Available | |
| Warranty Deed | $995,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $928,939 | New Conventional | |
| Previous Owner | $594,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $650,000 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/20/2023 11/20/23 | Sold | $1,092,870 | 0.0% | $220 / Sq Ft |
| 09/17/2023 09/17/23 | Pending | -- | -- | -- |
| 09/14/2023 09/14/23 | For Sale | $1,092,870 | +65.6% | $220 / Sq Ft |
| 02/02/2021 02/02/21 | Sold | $660,000 | -3.6% | $133 / Sq Ft |
| 11/27/2020 11/27/20 | Pending | -- | -- | -- |
| 11/18/2020 11/18/20 | For Sale | $685,000 | 0.0% | $138 / Sq Ft |
| 09/25/2020 09/25/20 | Pending | -- | -- | -- |
| 06/10/2020 06/10/20 | Price Changed | $685,000 | -2.0% | $138 / Sq Ft |
| 01/06/2020 01/06/20 | For Sale | $699,000 | -- | $141 / 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 | $5,825 | $664,400 | $40,000 | $624,400 |
| 2023 | $5,825 | $664,400 | $40,000 | $624,400 |
| 2022 | $4,313 | $664,400 | $40,000 | $624,400 |
| 2021 | $4,279 | $681,100 | $150,000 | $531,100 |
| 2020 | $4,200 | $681,100 | $150,000 | $531,100 |
| 2019 | $4,204 | $681,100 | $150,000 | $531,100 |
| 2018 | $0 | $681,100 | $150,000 | $531,100 |
| 2017 | $3,819 | $681,100 | $150,000 | $531,100 |
| 2016 | $3,819 | $681,100 | $150,000 | $531,100 |
| 2015 | -- | $681,100 | $150,000 | $531,100 |
Source: Public Records
Agents Affiliated with this Home
-
Mandy Robinson
-
Melissa Morgan
Buyer's Agent in 2023
Melissa Morgan
Coldwell Banker Seaside Realty - KDH
(252) 202-5636
13 in this area
63 Total Sales
-
Holly Henry-West
Buyer's Agent in 2021
Holly Henry-West
Century 21 Nachman Realty
(252) 489-7778
18 in this area
58 Total Sales
Map
Source: Outer Banks Association of REALTORS®
MLS Number: 107746
APN: 116C-000-0025-0000
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