Closing Price:
$674,900
524 Meadow Lane, Corolla, NC 27927
3 bd
2 ba
1723 sq ft
MLS #: 121960
Status: Closed

Sold Details

Status: Closed
Sold Price: $674,900.00
Closing Date: 6/30/2023
Contract Date: 4/20/2023
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 6
Due Diligence Date: 5/20/2023

Listing Information

Area: Corolla Westside
Mls Status: Closed
Days On Market: 6
Cumulative Days On Market: 6
Listing Price: $674,900
Original Listing Price: $674,900
Possession: Close Of Escrow
Short Sale: No
Price Date: 4/14/2023
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 1723
Asking Price Per SqFt: $392.00
Heated Living Area Sq Ft: 1723
BedroomsTotal: 3
Bathrooms Full: 2
Bathrooms Partial: 1
Year Built: 1999
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
Pool: Yes
Pool Type: Private and Association
Pool Features: Association, Fiberglass, In Ground, Outdoor Pool, Private
Counter Tops: Laminate
Cooling: Central Air, Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s), Pantry
Heating: Central, Heat Pump, Zoned
Room Type: Foyer
Flooring: Carpet, Ceramic Tile
Construction Materials: Frame, Wood Siding

Legal Description

County: Currituck
Subdivision: TCC-Magnolia Bay
Subdivision Name: Magnolia Bay, The Currituck Club
Deed Book: 1316
Deed Book Page Number: 299
County Pin Number: 127D00000460000
Price Change: 6/30/2023
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 Acres: 0.12
Lot Size Square Feet: 5400
Lot Features: Cul-De-Sac, Level
Lot Faces: S
Waterfront: None
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2022
Annual Property Taxes: $2,261.00
Flood Zone: X
Water Source: Municipal
Contract Status Change Date: 7/1/2023
Estimated Annual Fee Amt: $6,100.00
Sewer: Public Sewer
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
Electroni Locks: Leased
Bank/Institution Owned: No
Exterior: Cement Fiber Board
Extras: Beach Access,Ceiling Fan(s),Covered Decks,Fenced Yard,Gazebo,Hot Tub,Jet Tub,Landscaped,Lawn Sprinklers,Outside Lighting,Outside Shower,Smoke Detector(s),Sun Deck,Dry Entry
Fuel Tanks: None
HOA Contact Name: Heidi Corsello
Primary Residence: No
HOA Contact Info: 252-453-4011

Rental Income

Annual Rental Income: 75770
Rental Performance: 0.1123
Avertised Income 2023 Amount: 29959
Avertised Income 2021 Amount: 31378
Avertised Income 2021 Amount: 24615

Listing Agent Remarks

Location, location, location! Very close to the beach access community pool, shopping and dinning. 3 Bedrooms 2.5 baths with private in ground pool and hot tub. Magnolia Bay homes offer ease of ownership, ideal for a 2nd home or introductory investment opportunity. Located just a short walk, bike ride, or trolley ride to the beach. Outstanding curb appeal with gazebo and beautiful landscaping. House sits back on a cul de sac and offers a peaceful and quiet setting. This home is ready for new ownership and needs nothing, it is in immaculate condition. All major upgrades have been completed in the past few years. Both HVAC units have been replaced. All appliances have been replaced. New pool and hot tub pumps installed. New flooring. House is currently in the Village Realty rental program for 2023. Current owners rent for 11 summer weeks only. Rental income for 2022 was $31,000. Rental income could be higher if new owners want to rent more weeks. House is being sold with all or most furnishings included. The house is bright, airy and sunny with lots of windows and open space around the exterior. The thoughtful and popular reverse floor plan with bedrooms on the lower levels and main family living areas on top floor is delightful. Upon entry you will appreciate the welcoming foyer with cathedral ceilings. The first level features a king bedroom and bunk room that share a bathroom and open to the pool area. The mid level host the generous master suite with large bathroom featuring his and her sinks and soaking tub. On the top level, the great room is open concept and overlooks the large sun deck. The pool area is oversized and allows lots of room to lounge or play. The garage doubles as a game room with an extra refrigerator. This house is located in the Magnolia Bay area of The Currituck Club. A gated private community featuring Rees Jones designed 18 hole golf course and country club. The golf course offers an outstanding coastal golf experience with sweeping views of the Currituck Sound and the Atlantic Ocean. The community has a south entrance and a north entrance to the Club. This house sits right inside the south gate. As an added plus, your family can walk, run or ride your bike over 6 miles and never leave the gated community. Lots of shaded sidewalks and safe for children and dog walkers. Speed limit within community is only 20 MPH. Also inside the community are multiple pools, playground, fitness center and more.

Directions

Main gate, then a left on Hut Club. Meadow lane is the last R before you get back to the gate and south pool. Second house on the R.

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 524 Meadow Lane in Corolla is provided courtesy of Brindley Beach Vacations-Duck C: 252-202-6165. 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 524 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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