Closing Price:
$349,900
508 Magnolia Way, Corolla, NC 27927
3 bd
2 ba
1806 sq ft
MLS #: 106644
Status: Closed

Sold Details

Status: Closed
Sold Price: $347,900.00
Closing Date: 3/5/2020
Contract Date: 1/20/2020
Seller Concessions: Yes
Concession Comments: $8000 Seller paid Buyer expenses
Total Days on Market:
Cumulative Days on Market: 118
Due Diligence Date: 2/24/2020

Listing Information

Area: Corolla Westside
Mls Status: Closed
Days On Market: 118
Cumulative Days On Market: 118
Listing Price: $349,900
Original Listing Price: $359,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 3/6/2020
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 1806
Asking Price Per SqFt: $194.00
Heated Living Area Sq Ft: 1806
BedroomsTotal: 3
Bathrooms Full: 2
Bathrooms Partial: 1
Year Built: 1996
Garage: 1 Car,Attached
Architectural Style: Coastal
Sub Type: Single Family Residence
Appliances: Dryer, Dishwasher, Microwave, Refrigerator, Range/Oven, Washer
Roof: Asphalt
Parking: Off Street
Foundation: Piling
Pool: Yes
Pool Type: Association
Pool Features: Association, Outdoor Pool
Counter Tops: Laminate
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s)
Heating: Central, Electric, Heat Pump
Room Type: Foyer, Utility Room
Flooring: Carpet, Ceramic Tile, Vinyl
Construction Materials: Frame

Legal Description

County: Currituck
Subdivision: TCC-Magnolia Bay
Subdivision Name: Magnolia Bay
Deed Book: 1393
Deed Book Page Number: 484
County Pin Number: 127D00000280000
Price Change: 3/5/2020
Road Surface: Private
Association Amenities: Common Area, Gated, Golf Course, Fitness Center, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Park

Lot Details

Lot Size Acres: 0.12
Lot Size Dimensions: 60 x 90
Lot Size Square Feet: 5400
Lot Features: Waterfront
Water Frontage: 9
Waterfront: Semi-Soundfront
View: Sound
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2018
Annual Property Taxes: $2,127.00
Home Oner Insurance Expense: 593
Flood Insurance Expense: 722
Wind Insurance: 2157
Water Source: Municipal
Yearly Water Expense: 437
Other Yearly Expense: 318
Yearly Expense: Actual
Yearly Elecric Expense: 2066
Yearly Cable Tv Expense: 2152
Contract Status Change Date: 3/6/2020
Estimated Annual Fee Amt: $5,625.00
Sewer: Shared Septic
Septic Fee: 505
Association Fee Includes: Management, Other-See Remarks, Pool, Road Maintenance, Security, Tennis Courts, Walkways
Other Expenses 2: 81
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Electroni Locks: Leased
Bank/Institution Owned: No
Exterior: Lap Siding
HashTag of Units: 0
Extras: Ceiling Fan(s),Covered Decks,Garage Door Opener,Hot Tub,Jet Tub,Landscaped,Lawn Sprinklers,Smoke Detector(s),Sun Deck,Dry Entry
Fuel Tanks: Leased
HOA Contact Name: Heidi Corsello
Primary Residence: No
Street Frontage : 60
HOA Contact Info: 252-453-4011

Rental Income

Annual Rental Income: 35444
Rental Performance: 0.1019

Listing Agent Remarks

Come see Magnolia Sunset a home that meets your desires. Whether you want a comfortable primary residence with an awesome sound-front view or you are looking for a second home location to escape into a relaxing and calm environment or possibly you want a performing investment home that will provide income annually from short term or long term renting – Look no further. This property gives you the coveted Outer Banks sunset. It is located in a gated golf course community where the grounds are meticulous; the walking paths go for miles and provides ocean access to enjoy an unbelievable sunrise! The front porch is shaded by live oaks and framed with hibiscus. You won’t miss the perfect spot for a hammock with a view. The colorful foyer is open and inviting whether you enter from the front door or your attached garage. The first floor, of this reverse floor plan, includes two furnished bedrooms with an adjoining bath. There is also access to the rear yard with a hot tub, picnic area and the view. As you approach the upper floor you can’t miss that expansive water view nor can you miss the colorful décor and furnishings. How could it be more perfect? The living area includes built-in cabinetry, a gas fireplace, the dining area, a fully equipped kitchen, laundry room and a half bath. Your master suite looks out to the water and your private bath provides spa like relaxation with a jetted tub, separate shower and double vanity. Step outside from every level of this home and enjoy your surroundings from sunrise to sunset. The Currituck Club community offers 2 swimming pools, clubhouse, tennis, volleyball, basketball courts, playground, and fitness center. In “season” they also offer a trolley to the beach and beach valet service. Magnolia Bay is walking distance to the South pool and this section of the community is provided with yard maintenance to give you more time for fun. It’s time to add time on your calendar to see Magnolia Sunset as soon as possible.

Directions

Enter at Guard Gate. Turn left on Hunt Club Road follow almost to the South Gate and Magnolia Way will be on your right. Follow around to home on the sound-front. Note these homes do not own to the sound but it is an unobstructed view. You can exit thru the South Gate.

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 508 Magnolia Way in Corolla is provided courtesy of CENTURY 21 Nachman Realty C: 252-261-6400. 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 508 Magnolia Way 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.
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