643 Wave Arch, Corolla, NC 27927

$1,425,000
7
BD
6
BA
3,482
SqFt
Sold Price
$1,425,000
List Price
$1,495,000
Closing Date
Sep 12, 2023
MLS#
122269
Status
SOLD
Type
Single Family Residential
Property Type
Single Family - Detached
Bedrooms
7
Bathrooms
6
Full-baths
5
Half-baths
1
Living Area
3,482
Neighborhood
Ocean Sands

Property Description

Simply sensational & Turn Key TODAY! This quality build by Olin Finch has been lovingly cared for by the same homeowners for nearly 20 years with pride that shines through and through. The perfect coastal retreat & investor's dream just 2 lots from the oceanfront with effortless direct beach access located in an X Flood Zone with no through traffic on quiet cul-de-sac-like street. Keep your guests entertained with top amenities from private pool with composite-deck & rock surround, Hot tub, 2 outdoor showers and expansive game room with pool table, arcade game console, foosball, poolside Kitchenette, gas & charcoal grills, plus TWO sun decks on the front and rear of home lend ocean views! A fantastic floor-plan features 7 spacious Bedrooms (6 of which have direct bath access) with the Primary Bedroom located on top floor with oversized ensuite bath with large shower, jetted soaking tub and private access to rear sun deck. An enormous Great Room with vaulted ceilings entertains a crowd with gas fireplace, built-in cabinetry which flows effortlessly to lovely updated Kitchen, large dining area with ocean view, access to front and rear decks and Powder bath. The freshly updated Kitchen boasts gleaming granite countertops, stainless steel appliances and center island with counter-style dining. The home's mid-level features a gathering space ideal for TV watching or gaming and access to covered decks for lounging, 4 additional bedrooms, 2 with en suite baths and 2 with Jack and Jill style setup bath offering a dual vanity plus separate water/linen closets. The ground floor hosts BRs #6 and #7, a Laundry closet and Recreational Room Galore! All furnishings and decor convey with sale. Sellers have used the home frequently in the past, not maximizing rental income but have still managed to generate over $120k in income the past few seasons with plenty of opportunity for growth. Multiple rental Projections on file with EST GROSS ANNUAL INCOME at $153k! Recent Updates include-New Fortified Roof 2020, majority of home's Windows replaced 2023, New Range/Oven & 2 New refrigerators 2023, New gutters 2022- New HVAC bottom & middle floors 2021, New top front & rear Decks 2021, New Carpeting 2021, New Hot Tub and New Pool Pump 2020, New Exterior Pool Fence & gate 2021, New Washer/Dryer 2021. Property's 3D Virtual Tour COMING SOON! Don't hesitate on this one! All of the heavy lifting home improvements have been completed for you, all you need to do is relax! For 3D Virtual Tour copy and paste the following link: https://unbranded.youriguide.com/643_wave_arch_corolla_nc/

Additional Information

Air Conditioning
Central, Heat Pump, Zoned
Appliances
Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer, 2nd Refrigerator
Association Ammenities
Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Board Walk
Association Fee Includes
Common Insurance, Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
Construction
Frame
Countertops
Granite
Siding
Shakes, Wood
Extras
Ceiling Fan(s), Covered Decks, Fenced Yard, Hot Tub, Jet Tub, Landscaped, Outside Lighting, Outside Shower, Smoke Detector(s), Storage Shed, Sun Deck, Whirlpool/Spa, Dry Entry
Floor Coverings
Carpet, Ceramic Tile, Vinyl
Foundation
Piling
Garage
Carport
Heating
Central, Heat Pump, Zoned
Interior Features
9' Ceilings, All Window Treatments, Bay/Bow Window, Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Washer Connection
Lot Description
Level
Optional Rooms
Foyer, Game Room
Parking
Paved, Off Street
Pool
Yes
Possession
At Closing
Roads
Paved
Roof
Asphalt/Fiber Shingle
Sewer
Community Septic
Style
Contemporary, Reverse Floor Plan, Coastal
View
Ocean
Well
Municipal
Zip
27927
Neighborhood
Ocean Sands
Lot Dimension
60x100
Year Built
1998
Annual Fee
1825
Directions
From Rt 12 North, Make right onto Seabird Way, Section O- Ocean Sands. Continue straight through stop signs to Ocean Lake Trail. Make right onto Wave Arch. House is on the left.
Association Fee
$True
County
Currituck
Annual Rental Income
152849
Rental Co
Managed By Homeowner
Rental Cottage Name
Urban S Cape -Airbnb/Vrbo
Furnishings Available
Yes
Bill of Sale in $
Yes
Bill of Sale Amt
1
Annual Rental Income$
152849
Rental Performance
0.1073

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Seaside Realty - Kdh. Selling Office: Keller Williams - Outer Banks.

Listed by Heather Vandermyde

Copyright 2023 Outer Banks Association of REALTORS®. All rights reserved.

The data relating to real estate for sale on this web site comes from the Broker Reciprocity Program of the Outer Banks Association of REALTORS®. Real estate listings include the name of the brokerage firms and listing agents. Information is believed to be accurate but is not warranted. Copyrighted by Outer Banks Association of REALTORS®. All rights reserved.

Real estate listing held by brokerage firms other than Real Estate Company are marked with the Broker Reciprocity logoSM or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

This information is deemed reliable, but not guaranteed. Neither the Outer Banks Association of REALTORS®, nor the listing broker, nor their agents or subagents are responsible for the accuracy of the information. The buyer is responsible for verifying all information.