Closing Price:
$549,900
$549,900
537 Magnolia Way,
Corolla, NC 27927
4 bd
3 ba
2379 sq ft
MLS #: 116406
Status: Closed
Sold Details
Status: Closed
Sold Price: $559,500.00
Closing Date: 12/3/2021
Contract Date: 10/18/2021
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 9
Due Diligence Date: 11/24/2021
Listing Information
Area: Corolla Westside
Mls Status: Closed
Days On Market: 9
Cumulative Days On Market: 9
Listing Price: $549,900
Original Listing Price: $549,900
Possession: Close Of Escrow
Short Sale: No
Price Date: 12/3/2021
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell
Building Details
Primary Heated Living Area Sq Ft: 2379
Asking Price Per SqFt: $231.00
Heated Living Area Sq Ft: 2379
BedroomsTotal: 4
Bathrooms Full: 3
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, Range/Oven, Washer
Roof: Asphalt
Parking: Paved
Foundation: Piling, Slab
Pool: Yes
Pool Type: Private and Association
Pool Features: Association, Private
Counter Tops: Laminate
Cooling: Central Air, Heat Pump
Interior Features: Pantry
Heating: Central, Heat Pump
Flooring: Carpet, Ceramic Tile
Construction Materials: Frame, Wood Siding
Legal Description
County: Currituck
Subdivision: TCC-Magnolia Bay
Deed Book: 428
Deed Book Page Number: 123
County Pin Number: 127D00000430000
Price Change: 12/2/2021
Road Surface: Paved, Private
Association Amenities: Clubhouse, Gated, Golf Course, Fitness Center, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground
Lot Details
Lot Features: Adj. To Common Area, Cul-De-Sac, Level
Lot Faces: W
Waterfront: None
Property Type: Residential
Property Expenses & Utilities
Tax Year: 2020
Annual Property Taxes: $2,104.00
Home Oner Insurance Expense: 3708
Flood Zone: X
Water Source: Municipal
Contract Status Change Date: 12/3/2021
Estimated Annual Fee Amt: $5,720.00
Sewer: Private Sewer
Association Fee Includes: Maintenance Grounds, Road Maintenance
Association Fee Yes or No: Yes
Financials
Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Cement Fiber Board
Extras: Ceiling Fan(s),Hot Tub,Smoke Detector(s)
HOA Contact Name: Heidi Corsello
Primary Residence: No
HOA Contact Info: Heidi@CurrituckClubResort
Rental Income
There is no rental income information availableListing Agent Remarks
This 4 bedroom (2 are masters) 3.5 bath home is located in the low maintenance community of Magnolia Bay within The Currituck Club. In an X Flood Zone (no flood insurance required) and just a short walk to the beautiful Corolla Beaches, the community pool and tennis courts. This one-owner RENTAL MACHINE currently has over $57,000 in 2021, and generated $46,733 in rental income in 2020. Enjoy the light and airy reverse floor living with an open concept and functional layout. The top level features a great room with plenty of gathering spaces, a cathedral ceiling, gas fireplace, a spacious kitchen with ample counter space, eat-in bar, a brand new dishwasher, a large pantry, generous decks on the east and west side, a powder bath, and a master suite with a private bath. The east deck overlooks the private pool and common space that will never be obstructed. A perfect place to sip morning coffee or evening cocktails. The west deck is covered and is ideal for those rainy or hot summer afternoons. The enormous master bedroom has high ceilings, a private deck access, walk-in closet, and bath with double vanity, jet tub, separate shower, and water closet. The lower level includes a large two-story front entry, 3 bedrooms, one is a 2nd master suite with private deck access and a shared full bath, washer/dryer, and a 1 car garage that currently has a ping pong table perfect for rainy days, or game night after a family dinner. Recent improvements include; 2020: recent pool resurface, top level deck, pool fence, hot tub, and new HVAC for the upper level; 2018: HVAC for the lower level installed. 2021: some new outdoor furniture from Carolina Casuals 2021, new dishwasher 4/21. Magnolia Bay is located at the south end of the The Currituck Club, just a short walk or golf cart ride to the community beach access. Landscaping and yard maintenance are included in the Association Dues. So Just sit back, relax and enjoy your family, the beach and/or golf. If you would like to take the trolley to the beach during the in-season, the trolley stop is just steps from your home. The Currituck Club is one of the few gated communities in Corolla and offers exclusivity and an extra element of security. Additionally, it's is a prestigious neighborhood in Corolla and it is home to the Premier Reese Jones18 hole Championship Golf Course with gorgeous landscaping and lots of amenities such as: Fitness Center, Pro Shop, full service Grill, 5 community pools, 7 Tennis Courts, Basketball Courts, Volley Ball, Shuffleboard, Playground, Gated Community, lighted Pedestrian walkways & Bike paths, plus In-Season Shuttle to the 4th Top ranked Beach in the US, voted by Huffington Post. If you are looking for a a home with great rental income, in a quite gorgeous community and with short walk to the beach, then this is the home for you. Sellers haven't opened 2022 Calendar yet, so no Income.
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