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

HeadlinePOSITIVE CASH FLOW! x2 HOMES!
AreaCorolla Oceanside
Beds8
Full Baths6
Partial Baths2
Asking Price$685,000
Price Date2/3/2021
Original Asking Price$699,000
Price Per Square Foot$138
Days On Market272
Cumulative Days On Market455
Days On MLS272
Cumulative Days On MLS454
Listing Date1/6/2020
Listing TypeExclusive Right Sell
Input Date Date1/6/2020
Update Date2/3/2021 1:16:49 PM
Sale Or RentFor Sale
OwnershipO
Primary Residence Y/NN

Building Details

TypeSingle Family - Detached
ClassRESIDENTIAL
StyleContemporary,Reverse Floor Plan
Year Built1998
Heated Living Area4975
Air ConditoningCentral,Heat Pump,Zoned
HeatingCentral,Heat Pump,Zoned
AppliancesDishwasher,Disposal,Dryer,Microwave,Range/Oven,Refrigerator w/Ice Maker,Stackable Washer/Dryer,Washer
Interior Features9 Ceilings,All Window Treatments,Cathedral Ceiling(s),Cedar Closet(s),Ensuite,Gas Connection,Gas Fireplace,Pantry,Walk in Closet
CountertopsGranite
ExtrasCeiling Fan(s),Hot Tub,Jet Tub,Landscaped,Lawn Sprinklers,Outside Shower,Inside Laundry Room
Floor CoveringsCarpet,Cork,Tile,Wood
AppliancesDishwasher,Disposal,Dryer,Microwave,Range/Oven,Refrigerator w/Ice Maker,Stackable Washer/Dryer,Washer
BuilderBD&A
ConstructionFrame,Wood
RoofAsphalt/Fiber Shingle
Pool Y/NYes
Pool TypeAssociation Pool
ExteriorCement Fiber Board
FoundationPiling,Slab
Optional RoomsGame Room

Lot Details & Legal Description

Address787 Broad Street
Unit/Lot #Unit #25
SubdivisionBI-Buck Island
Full Subdivision NameBuck Island - Charleston Place
CountyCurrituck
CityCorolla
StateNC
Zip27927
Deed Page293
Deed Book877
Doc Timestamp11/19/2020 1:57:00 PM
Pin Number116C00000250000
Lot DescritionLevel
Distance To WaterMore than 5th r
ZoningRes
Flood ZoneX
ParkingOff Street,Parking Lot,Paved
RoadsPaved,Private
Association AmenitiesCommon Area,Gated Community,Ocean Access,Outdoor-Comm. Pool,Outdoor-Comm. Tennis,Playground

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!

Association Fee Y/NYes
Annual Association Fee$6,572
Association Fee IncludesCommon Electric,Common Insurance,Grounds Maintenance,Management,Road Maintenance,Security,Tennis Courts
Tax Year2019
Property Taxes$4,204
Hazard Insurance$6,132
Yearly Expenses Actual/Estimated$6,132
CABLE1898
Yearly Cable Expense$1,898
Yearly Electrical Expense$3,497
Water SourceMunicipal
Yearly Water Expense$3,452
Septic Disposal SystemMunicipal Sewer
Pool/Spa Expense$1,495

Financial's

Rental Cottage NameTwice the Fun I & II
Rental Turnover DaySunday
Finance OptionsCash,Conventional
Furniture Available ?Yes
Furniture Price/Bill Of Sale Amount$1
PossessionAt Closing
Potential Short Sale Y/NNo
Bank Owned Y/NNo
Associated Document Count8

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

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.



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