Closing Price:
$549,000
508 Meadow Lane, Corolla, NC 27927
3 bd
2 ba
2016 sq ft
MLS #: 120779
Status: Closed

Sold Details

Status: Closed
Sold Price: $549,000.00
Closing Date: 1/6/2023
Contract Date: 11/14/2022
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 5
Due Diligence Date: 12/16/2022

Listing Information

Area: Corolla Westside
Mls Status: Closed
Days On Market: 5
Cumulative Days On Market: 5
Listing Price: $549,000
Original Listing Price: $549,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 11/9/2022
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 2016
Asking Price Per SqFt: $272.00
Heated Living Area Sq Ft: 2016
BedroomsTotal: 3
Bathrooms Full: 2
Bathrooms Partial: 1
Year Built: 1999
Garage: 1 Car,Attached
Architectural Style: Traditional, Coastal
Sub Type: Single Family Residence
Appliances: Dryer, Dishwasher, Microwave, Refrigerator, Range/Oven, Washer
Roof: Asphalt
Parking: Off Street, Paved
Foundation: Short Pilings
Pool: Yes
Pool Type: Association
Pool Features: Association, In Ground
Counter Tops: Laminate
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s), Pantry, Walk-In Closet(s)
Heating: Central, Heat Pump
Room Type: Foyer, Loft, Pantry
Flooring: Carpet, Ceramic Tile
Construction Materials: Frame, Wood Siding

Legal Description

County: Currituck
Subdivision: TCC-Magnolia Bay
Deed Book: 1323
Deed Book Page Number: 419
County Pin Number: 127D00000600000
Price Change: 1/8/2023
Road Surface: Paved, Private
Association Amenities: Clubhouse, Gated, Golf Course, Fitness Center, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground

Lot Details

Lot Size Acres: 0.13
Lot Size Dimensions: 65x90
Lot Size Square Feet: 5850
Lot Features: Cul-De-Sac, Level, Wooded
Waterfront: None
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2022
Annual Property Taxes: $2,330.00
Flood Zone: AE
Water Source: Municipal
Contract Status Change Date: 1/9/2023
Estimated Annual Fee Amt: $5,950.00
Sewer: Shared Septic
Association Fee Includes: 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
Listing Restrictions: See Broker Notes
Exterior: Cement Fiber Board
Extras: Ceiling Fan(s),Covered Decks,Gazebo,Jet Tub,Landscaped,Lawn Sprinklers,Outside Shower,Patio,Screened Porch,Smoke Detector(s)
HOA Contact Name: Heidi Corsello
Primary Residence: Yes
Street Frontage : 65
HOA Contact Info: 252.453.4011

Rental Income

Annual Rental Income: 55503
Rental Performance: 0.1011

Listing Agent Remarks

Beautiful Well Maintained Magnolia Bay 3 bedroom, 2.5 bath Home. Just a short walk to the beautiful Corolla Beaches and only a few steps to the Community Pool and Tennis Courts. This home features Open Traditional Floor Plan with kitchen, dining room, living room, gas fireplace, laundry and 1/2 bath on the first floor! Enjoy the outdoor living in the spacious front & side porch sitting areas or relax on the screen porch overlooking your private back yard. Lots of light in this home with cathedral ceilings and perfectly placed windows. There are 3 bedrooms on the top level. Top level offers a Large beautiful Ensuite Bedroom & Bath with Jetted Tub & Large Walk-in Closet plus 2 additional Bedrooms that share a large hall bath and a Loft Area that can be used as an office or sitting area. Some of the many improvements include: 2022 - Fortified Roof will be installed by 11/14, new Carpet will be installed on stairs leading to the top level on 11/18, 2022 - new interior flooring, new commode in powder room, Exterior Painted, new Dishwasher. Upstairs HVAC (2017 Exterior Unit/2022 Interior Unit). 2019 - Washer Dryer. 2016 -Hot Water Heater. 2015 - Refrigerator and Propane Stove. 2015/2016 Interior Painted. All the big items have been updated! This home is situated in a quiet setting, as it is surrounded by open space which provides a lot of privacy. The best is that this home is located in Magnolia Bay at the south end of The Currituck Club and is Just a short walk to the beach or only a 4 minute golf cart ride to the 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, The Currituck Club is a prestigious neighborhood in Corolla and it is home to the Premier Reese Jones 18 hole Championship Golf Course with gorgeous landscaping and lots of amenities such as : Fitness Center, Pro Shop, full service Grill, 5 community pools, 5 Tennis Courts, Pickle Ball Courts, Basket ball Courts, Volley Ball, Shuffleboard, Playground, Gated Community, lighted Pedestrian Walkways & Bike paths, plus In-Season Shuttle to the beautiful Corolla Beach. Estimated Rental Projection for Advertised Gross Rental Income of $55,503 with 10.11% GRI. If you are looking for a beautiful well maintained home located in a quiet gorgeous area with short walk or bike ride to the beach, then this is the home for you. Call now to schedule a showing.

Directions

Rt 12 North. Left at main gate next to Harris Teeter. Stop at Guard Gate. Go Straight. Left at stop sign onto Hunt Club Drive. Drive almost 2 miles, Right on Meadow Lane. Bear to the Left and stay on Meadow Lane. Home is on the right.

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 Meadow Lane in Corolla is provided courtesy of Corolla Beach Realty . 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 Meadow Lane 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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