Closing Price:
$525,000
$525,000
522 Magnolia Way,
Corolla, NC 27927
3 bd
2 ba
1850 sq ft
MLS #: 115430
Status: Closed
Sold Details
Status: Closed
Sold Price: $561,000.00
Closing Date: 10/15/2021
Off Market Date: 8/25/2021
Contract Date: 8/30/2021
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 11
Due Diligence Date: 10/8/2021
Listing Information
Area: Corolla Westside
Mls Status: Closed
Days On Market: 11
Cumulative Days On Market: 11
Listing Price: $525,000
Original Listing Price: $525,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 10/15/2021
Furnishing Available: Yes
Bill Of Sale Amount: Yes
Ownership: Owned 12 Months or less
Listing Type: Exclusive Right To Sell
Building Details
Primary Heated Living Area Sq Ft: 1850
Asking Price Per SqFt: $284.00
Heated Living Area Sq Ft: 1850
BedroomsTotal: 3
Bathrooms Full: 2
Bathrooms Partial: 1
Year Built: 1997
Garage: 1 Car,Attached
Architectural Style: Reverse Floor Plan, Coastal
Sub Type: Single Family Residence
Appliances: Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer, Wine Cooler
Roof: Asphalt
Parking: Off Street, Paved
Foundation: Piling, Slab
Pool: Yes
Pool Type: Association
Pool Features: Association, Indoor, Outdoor Pool
Counter Tops: Laminate
Cooling: Heat Pump
Interior Features: Cathedral Ceiling(s)
Heating: Heat Pump
Flooring: Carpet, Ceramic Tile
Construction Materials: Frame, Wood Siding
Legal Description
County: Currituck
Subdivision: TCC-Magnolia Bay
Subdivision Name: The Currituck Club
Deed Book: 1323
Deed Book Page Number: 322
County Pin Number: 127D00000210000
Price Change: 10/14/2021
Road Surface: Paved, Private
Association Amenities: Clubhouse, Common Area, Gated, Golf Course, Fitness Center, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground
Lot Details
Lot Size Dimensions: 60x90
Lot Features: Level, Waterfront
Water Frontage: 60
Waterfront: Soundfront
View: Sound
Property Type: Residential
Property Expenses & Utilities
Tax Year: 2020
Annual Property Taxes: $2,075.00
Water Source: Municipal
Contract Status Change Date: 10/15/2021
Estimated Annual Fee Amt: $5,720.00
Sewer: Shared Septic
Association Fee Includes: Electricity, Common Insurance, Maintenance Grounds, Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
Association Fee Yes or No: Yes
Financials
Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Cement Fiber Board
Extras: Ceiling Fan(s),Covered Decks,Garage Door Opener,Hot Tub,Jet Tub,Landscaped,Lawn Sprinklers,Outside Lighting,Outside Shower,Smoke Detector(s),Sun Deck
HOA Contact Name: Heidi Corsello
Primary Residence: No
Street Frontage : 60
HOA Contact Info: 252-453-4011
Rental Income
Annual Rental Income: 42597
Rental Performance: 0.0759
Owner Rental Income 2021 Amount: 34887
Avertised Income 2021 Amount: 42597
Listing Agent Remarks
Spectacular views of the sun setting over the Sound await you at this 3 bedroom, 2.5 bath Magnolia Bay home. Bask in the ever-changing natural splendor of the Currituck Sound from your own backyard, all the while enjoying the many resort amenities of this desirable gated community. This well cared for vacation home features an open floor plan, Primary ensuite with sound side deck access, 2 large ground level bedrooms with a shared bath, a one car garage with remote, and a sound side lounging/ patio area with hot tub and captivating views. “Sea-ville” is designed for peaceful relaxation. But if activity is your thing, one of the many community pools is within a short walk or take the convenient trolley service to the beach access. The neighborhood offers other amenities such as fitness center, playground, tennis, and a world-class golf course to name just a few. All in all, restful views, a comfortable floor plan, resort amenities, and a location convenient to shopping, restaurants, and attractions make this Magnolia Bay home a favorite with OBX visitors. Enjoy as an investment or keep it all to yourself as a private get-away; either way, you will be glad you did!
Directions
Main club entrance, turn left onto Hunt Club, turn left onto Magnolia Way, property will be on the rightOfficial 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 522 Magnolia Way in Corolla is provided
courtesy of Keller Williams - Outer Banks C: 252-207-6588. 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 522 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
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