NOT LISTED FOR SALE

502 Sandbucket Arch Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $2,088,000 - $2,838,000

4 Beds
2 Baths
1,536 Sq Ft
$1,565/Sq Ft Est. Value

Last Sold March 02, 2021

Last sale price $1,000,000 $651 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $14,530/month

74 Days on Market

Highlights

  • Beach Front
  • Beach Box Architecture
  • Furnished
  • Ocean View
  • Cathedral Ceiling
  • Beamed Ceilings

About This Home

As of March 2021

This is the oceanfront property you have been waiting for. This large oceanfront lot (32,000 Sq Ft+) in Ocean Sands South sits on one of the most amazing beaches in all of Corolla. Ocean Sands South is lower density than similar developments in Corolla to the north, resulting in quieter, less crowded beaches. This home’s location on a private cul-de-sac makes for the perfect quiet, peaceful oceanfront retreat yet will take you just moments to reach Corolla’s upscale restaurants, shops, bike trails, tennis courts and golf course. The existing home has been well-loved since it was built and offers the “H floor plan.” This layout is one of the most popular designs for beach homes and offers a large open great room, kitchen and dining area making for a perfect place for the family to gather. Enjoy the current 4 bedroom, 2 bathroom home or remove it to build your custom second home or investment property. Lot should be large enough to support a 10 bedroom home, with private pool and private beach boardwalk. Images show what the potential view would be from the upper level of a newly-constructed house. Enjoy amazing sunrises over the beautiful Atlantic from the privacy of your own home! Whatever your plans, this property is a home run.

Last Listed By

Matt Myatt

Keller Williams - Outer Banks License #218707 Listed on: 06/04/2020

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,492

Year Built

  • Built in 1976

Lot Details

  • 0.73 Acre Lot
  • Beach Front
  • Property fronts a private road
  • Cul-De-Sac
  • Level Lot

HOA Fees

  • $10 Monthly HOA Fees

Parking

  • Paved Parking

Home Design

  • Beach Box Architecture
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 1,536 Sq Ft Home
  • Furnished
  • Beamed Ceilings
  • Cathedral Ceiling
  • Window Treatments
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Sun Deck

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Listing and Financial Details

  • Tax Lot #151

Community Details

Overview

  • Association fees include walkways
  • Osspoa Association
  • Ocean Sands Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,492

Year Built

Built in 1976

Lot Details

0

HOA Fees

$10 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Beach Box
  • Directions: NC-12 north to right onto Sandhill Lane. Turn right onto Sandbucket Arch. Property is oceanfront on cul-de-sac.
  • Extras: Beach Access, Boardwalk to Beach, Smoke Detector(s), Sun Deck
  • Flood Zone: VE, X
  • Headline: Historic Oceanfront Cottage
  • Heated Sq Ft: 1536
  • L V T Date: 06/04/2020
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Section: C
  • Waterfront Location: Oceanfront
  • Zoning: res
  • Deed Book Pg Number: 433
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Ocean Sands
  • Newpoint Media: Yes
  • Office License Number: C30917
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 4
  • Countertops: Laminate
  • Floor Coverings: Carpet, Vinyl
  • Foundation: Piling, Slab
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Beamed Ceiling(s), Cathedral Ceiling(s), Dryer Connection, Washer Connection

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Shakes, Wood
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Paved

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Heat Pump
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Walkways
  • Association Fee: Voluntary - Restrictive Covenants May Apply
  • Estimated Annual Fee: 125
  • Hoa Contact: OSSPOA

Lot Info

  • Estimated Lot Sq Ft: 32000
  • Lot Description: Beach Frontage, Cul-de-sac, Level, Water Frontage
  • Lot Size: 100 x 300+/-
  • Lot Number: Lot #151
  • Estimated Lot Size: 0.73
  • Deed Book: 1240

Rental Info

  • Lease Terms: Weekly
  • Rental Co: Kitty Hawk Rentals
  • Rental Cottage Name: Escape Hatch
  • Rental Cottage Number: D0130
  • Rental Turnover Day: Sunday
  • Rental Contact Email: helen@beachrealtync.com
  • Rental Contact Name: Helen Newbern
  • Rental Contact Phone: 252-261-6605

Building Info

  • Year Built: 1976

Tax Info

  • Year: 2020
  • Taxes: 5492

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2020
Closed on
Mar 2, 2021
Sold by
Renwick Lisa V H and Mccall Christopher
Bought by
Sandbucket Folly Llc
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Martha Springer
Twiddy and Company - Corolla
List Price
$1,049,900
Sold Price
$1,000,000
Premium/Discount to List
-$49,900
-4.75%
Total Days on Market
74
Current Estimated Value
$2,404,041

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,404,041
Avg. Annual Appreciation
23.54%

Purchase Details

Closed on
Mar 1, 2013
Sold by
Mccall Lisa V H Renwick and Mccall Christopher
Bought by
Mccall Lisa V H Renwick

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sandbucket Folly Llc $1,000,000 None Available
Mccall Lisa V H Renwick -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2021 03/02/21 Sold $1,000,000 -4.8% $651 / Sq Ft
08/17/2020 08/17/20 Pending -- -- --
08/07/2020 08/07/20 For Sale $1,049,900 +5.0% $684 / Sq Ft
07/11/2020 07/11/20 Off Market $1,000,000 -- --
06/04/2020 06/04/20 For Sale $1,049,900 -- $684 / Sq Ft
Source: Outer Banks Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $13,233 $1,772,900 $850,000 $922,900
2023 $13,233 $990,500 $850,000 $140,500
2022 $5,527 $990,500 $850,000 $140,500
2021 $5,508 $979,000 $850,000 $129,000
2020 $5,493 $979,000 $850,000 $129,000
2019 $5,493 $979,000 $850,000 $129,000
2018 $0 $979,000 $850,000 $129,000
2017 $4,980 $979,000 $850,000 $129,000
2016 $4,983 $979,000 $850,000 $129,000
2015 -- $979,000 $850,000 $129,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 109556

Outer Banks Association of REALTORS®

APN: 126A-000-0151-000C