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Listing Details For 700 Spinnaker Arch in Corolla

Closing Price:
$1,495,000
700 Spinnaker Arch, Corolla, NC 27927
7 bd
6 ba
3121 sq ft
MLS #: 89315
Status: Closed

Sold Details

Status: Closed
Sold Price: $1,440,000.00
Closing Date: 1/28/2016
Contract Date: 11/9/2015
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 300

Listing Information

Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 154
Cumulative Days On Market: 300
Listing Price: $1,495,000
Original Listing Price: $1,495,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 1/29/2016
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 3121
Asking Price Per SqFt: $479.00
Heated Living Area Sq Ft: 3121
BedroomsTotal: 7
Bathrooms Full: 6
Bathrooms Partial: 2
Year Built: 1987
Architectural Style: Craftsman, Contemporary, Coastal, Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: 2nd Dishwasher, 2nd Refrigerator, Dryer, Dishwasher, Refrigerator w/Ice Maker, Range/Oven, Washer
Roof: Asphalt
Parking: Paved
Foundation: Piling, Slab
Pool: Yes
Pool Type: Private
Pool Features: Concrete, Heated, In Ground, Outdoor Pool, Private
Counter Tops: Granite
Cooling: Central Air, Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s)
Heating: Central, Heat Pump, Zoned
Room Type: Breakfast Nook, Game Room, Utility Room
Flooring: Carpet, Ceramic Tile, Hardwood
Construction Materials: Frame, Wood Siding

Legal Description

County: Currituck
Subdivision: Ocean Sands
Deed Book: 019
Deed Book Page Number: 1097
County Pin Number: 126A0000062000Q
Price Change: 1/28/2016
Road Surface: Paved, Private
Association Amenities: Board Walk, Common Area

Lot Details

Lot Size Square Feet: 8400
Lot Features: Adj. To Common Area, Beach Frontage, Cul-De-Sac, Level, Waterfront
Waterfront: Ocean Front
View: Ocean
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2014
Annual Property Taxes: $5,602.00
Home Oner Insurance Expense: 6200
Flood Zone: VE
Flood Insurance Expense: 2000
Water Source: Municipal
Contract Status Change Date: 1/29/2016
Estimated Annual Fee Amt: $380.00
Sewer: Public Sewer
Association Fee Includes: Walkways
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Cement Fiber Board
Extras: Beach Access,Ceiling Fan(s),Covered Decks,Hot Tub,Landscaped,Outside Lighting,Outside Shower,Smoke Detector(s),Storage Shed,Storm Doors,Storm Windows,Sun Deck
Primary Residence: No

Rental Income

Annual Rental Income: 161000
Rental Performance: 0.1118

Listing Agent Remarks

This classic beachfront estate has $146,000 booked YTD as of 9/12/15. This is exceptional income considering there was no recent rental history, sellers weren't in the 2015 rental book, and got into Carolina Designs program in mid March. Seller has raised rates for 2016 so will generate even more income next year. If same weeks book for next year,new income will be $158,000. Carolina Designs says they can do $161,000 on this home,if a seller didn't limit weeks.(see associated docs) Seller has over $108,000 in rental reservations for 2016. Located in one of the most coveted locations in Ocean Sands at the end of a private cul de sac, and beside open space. This oceanfront retreat brings the inspiration of relaxed beach life indoors with sweeping ocean views, upscale yet comfortable furnishings, classic nautical details, glistening hardwoods and upgrades throughout. Equipped with the exciting amenities guests demand, has both intimate bedroom suites (6 masters) as well as an abundance of gathering areas (both) inside and out. The exterior has all been resided with Hardiplank and composite Smart Trim and new Tamaks composite handrails. A new covered front entrance was added as well as a brand new roof constructed with 30 year Landmark architectural shingles. The GRAND TOP LEVEL will WOW your friends and family; reconfigured to include 5 foot paneled Wainscoting,spacious great room with custom stone gas fireplace, vaulted ceilings, a window wall with astounding blue ocean views, large open gourmet kitchen featuring granite countertops, custom cabinetry, and top of the line Stainless Steel Appliances. All outdoor furniture is made of exclusive durable Carolina Casual Furniture.The entire furniture package including outdoor furniture, retails over $100,000. Seller's spared no expense in making this a rare opportunity to own a LIKE NEW home.Try to find a brand new 7 bedroom oceanfront home in Corolla less than 1.5 million. SECOND LEVEL includes 4 Master Suites,3 with private deck access. All bathrooms have been remodeled including new vanities, mirrors, faucets, granite countertops, toilets, custom tile showers, shower doors, and white ceramic tile floors.The recreation lounge features two 48'' Flat Screen TV's for xbox competitors and "game days". There's also a utility room (comes equipped with a full size refrigerator, full size washer/dryer, brand new hot water heater), ground floor also has access to pool area which includes an OVERSIZED deck extending the inside living area outside with several conversation areas, 6 person hot tub, custom bar with ceramic tile countertop, gas fire pit, under-house lounge area, private in ground concrete HEATED pool with all new pool equipment spring 2015. Bring your most discerning buyers, this is a must see for anyone wanting a brand new feel for an affordable value with great rental income.

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Official MLS Disclaimer

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. This property located at 700 Spinnaker Arch in Corolla is provided courtesy of Coldwell Banker Seaside Realty - KDH C: 252-202-2375. Information is believed to be accurate but is not warranted. Copyrighted by Outer Banks Association of REALTORS. All Rights Reserved. IDX information is provided by Shore Realty of the OBX exclusively for consumers, personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. If this page disappears from this site it means the property at 700 Spinnaker Arch in Corolla is no longer available for sale.

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