Listing Details For 787 Broad Street in Corolla
MLS #: 107746 787 Broad Street Corolla, NC 27927 | Selling Price: $660,000 Asking Price: $685,000 Closing Date: 2/2/2021 Status: Sold CO OP by Member Status Date: 2/3/2021 |
Listing Information
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Headline | POSITIVE CASH FLOW! x2 HOMES! |
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| Original Asking Price | $699,000 |
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Price Per Square Foot | $138 |
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Cumulative Days On Market | 455 |
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Cumulative Days On MLS | 454 |
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Listing Type | Exclusive Right Sell |
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Update Date | 2/3/2021 1:16:49 PM |
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Building Details
Type | Single Family - Detached |
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Style | Contemporary,Reverse Floor Plan |
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| Air Conditoning | Central,Heat Pump,Zoned |
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Heating | Central,Heat Pump,Zoned |
| Appliances | Dishwasher,Disposal,Dryer,Microwave,Range/Oven,Refrigerator w/Ice Maker,Stackable Washer/Dryer,Washer |
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Interior Features | 9 Ceilings,All Window Treatments,Cathedral Ceiling(s),Cedar Closet(s),Ensuite,Gas Connection,Gas Fireplace,Pantry,Walk in Closet |
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Extras | Ceiling Fan(s),Hot Tub,Jet Tub,Landscaped,Lawn Sprinklers,Outside Shower,Inside Laundry Room |
| Floor Coverings | Carpet,Cork,Tile,Wood |
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Appliances | Dishwasher,Disposal,Dryer,Microwave,Range/Oven,Refrigerator w/Ice Maker,Stackable Washer/Dryer,Washer |
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| Roof | Asphalt/Fiber Shingle |
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| Pool Type | Association Pool |
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Exterior | Cement Fiber Board |
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Lot Details & Legal Description
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| Subdivision | BI-Buck Island |
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Full Subdivision Name | Buck Island - Charleston Place |
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| Doc Timestamp | 11/19/2020 1:57:00 PM |
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Pin Number | 116C00000250000 |
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Distance To Water | More than 5th r |
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| Parking | Off Street,Parking Lot,Paved |
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| Association Amenities | Common Area,Gated Community,Ocean Access,Outdoor-Comm. Pool,Outdoor-Comm. Tennis,Playground |
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Property Expense & Utilities
If the seller of this property located at 787 Broad Street in Corolla has provided the expenses, you will see them below, as provided by the listing agent. If there are no expenses listed, give Shore Realty of the OBX a call and let us do the research for you. It helps to know! Local 252-441-3416 or 800-647-1868. OBX Local experts here to help you!
| Annual Association Fee | $6,572 |
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Association Fee Includes | Common Electric,Common Insurance,Grounds Maintenance,Management,Road Maintenance,Security,Tennis Courts |
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Yearly Expenses Actual/Estimated | $6,132 |
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Yearly Cable Expense | $1,898 |
| Yearly Electrical Expense | $3,497 |
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| Yearly Water Expense | $3,452 |
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Septic Disposal System | Municipal Sewer |
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Financial's
Rental Cottage Name | Twice the Fun I & II |
| Rental Turnover Day | Sunday |
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Finance Options | Cash,Conventional |
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Furniture Price/Bill Of Sale Amount | $1 |
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Potential Short Sale Y/N | No |
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Associated Document Count | 8 |
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Rental Income
This section will only apply to homes already in a some type of rental program. If the property located at 787 Broad Street is used as a vacation rental home or as a year round rental, you will see the income listed below if provided by the seller's agent. A lack of rental numbers does not necessarily mean the property is not rented out. For more call 800-647-1868 and we can get you the actual rental numbers.
Gross Annual Rental Income | $86,920 |
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Listing Agent Remarks
POSITIVE 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
Directions
From Hwy 12 North, head east on Orions Way. Once through the entry gate, take a left onto Broad Stre
Official MLS Disclaimer
Listing Office: Outer Banks Realty Group 252-491-3333
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 787 Broad Street in Corolla is provided courtesy of Outer Banks Realty Group 252-491-3333. 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 787 Broad Street in Corolla is no longer available for sale. If you are interested in this property or have any questions about buying or selling real estate on the Outer Banks call Shore Realty. Local 252-441-3416 OR 800-647-1868.
Schools
The school systems on the Outer Banks are never lacking for money. With most of the property owners living out of town, there is a disproportionate amount of tax money available to the schools, the result is lots of money spent per pupil.
We have 2 county school systems on the OBX, the Currituck County School System for residents of Corolla and the Currituck Mainland AND the Dare County School System for residents of the beach's from Duck south through Nags Head to Hatteras Island, Manteo and the Dare County Mainland.
Looking for more info about this property or another OBX properties? We can answer all your questions. Call DIRECT 800-647-1868 or fill out this form and let us know what you need, so we can start to help. It is easier than you think.
For Immediate Service
252-441-3416 (Local OBX)
800-647-1868 (Toll Free)
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