Closing Price:
$600,000
$600,000
533 Magnolia Way,
Corolla, NC 27927
3 bd
2 ba
1911 sq ft
MLS #: 122082
Status: Closed
Sold Details
Status: Closed
Sold Price: $575,000.00
Closing Date: 6/5/2023
Contract Date: 5/3/2023
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 6
Due Diligence Date: 5/23/2023
Listing Information
Area: Corolla Westside
Mls Status: Closed
Days On Market: 6
Cumulative Days On Market: 6
Listing Price: $600,000
Original Listing Price: $600,000
Possession: Close Of Escrow, Subject To Tenant Rights
Short Sale: No
Price Date: 6/5/2023
Furnishing Available: Yes
Bill Of Sale Amount: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell
Building Details
Primary Heated Living Area Sq Ft: 1911
Asking Price Per SqFt: $314.00
Heated Living Area Sq Ft: 1911
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: Short Pilings
Pool: Yes
Pool Type: Association
Pool Features: Concrete, Association, In Ground, Outdoor Pool
Counter Tops: Granite,Solid Surface
Cooling: Heat Pump
Interior Features: Cathedral Ceiling(s), Pantry, Walk-In Closet(s)
Heating: Electric, Heat Pump
Room Type: Foyer, Loft, Pantry
Flooring: Carpet, Tile, Vinyl, Wood
Construction Materials: Frame, Wood Siding
Legal Description
County: Currituck
Subdivision: TCC-Magnolia Bay
Deed Book: 1652
Deed Book Page Number: 507
County Pin Number: 127D00000410000
Price Change: 6/4/2023
Road Surface: Paved, Private
Association Amenities: Clubhouse, Common Area, Gated, Golf Course, Fitness Center, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Park
Lot Details
Lot Features: Level
Waterfront: None
Property Type: Residential
Property Expenses & Utilities
Tax Year: 2022
Annual Property Taxes: $2,380.00
Flood Zone: X
Water Source: Municipal
Pool Or Spa Expense: 2100
Yearly Elecric Expense: 1200
Yearly Cable Tv Expense: 1200
Contract Status Change Date: 6/5/2023
Estimated Annual Fee Amt: $6,100.00
Sewer: Public Sewer
Association Fee Includes: Common Insurance, 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,Lap Siding
HashTag of Units: 0
Extras: Ceiling Fan(s),Covered Decks,Garage Door Opener,Hot Tub,Landscaped,Patio,Screened Porch,Smoke Detector(s),Sun Deck,Dry Entry,Inside Laundry Room
Fuel Tanks: Leased
HOA Contact Name: Heidi Corsello
Primary Residence: No
HOA Contact Info: 252-453-4011
Rental Income
Annual Rental Income: 39247
Rental Performance: 0.0683
Owner Renatl Income 2023 Amount: 15370
Owner Renatl Income 2022 Amount: 32511
Owner Rental Income 2021 Amount: 29834
Avertised Income 2021 Amount: 39247
Listing Agent Remarks
This stunning and well maintained home is located in the desirable Magnolia Bay section of The Currituck Club. BOASTING RENTAL INCOME OVER $39,000 this home is an EXCELENT INVESTMENT PROPERTY, primary home or second home. With 3 bedrooms and 2.5 bathrooms, the home features VAULTED CEILINGS, HARDWOOD and TILE FLOORS, and an inviting OPEN CONCEPT that encompasses the main level. A CHARMING FIREPLACE adds coziness to the great room, while the kitchen boasts elegant GRANITE COUNTERTOPS and a convenient pantry. A half bath, laundry closet complete the main floor. An ATTACHED GARAGE provides DRY ENTRY and ample storage for all your beach toys. Upstairs, the spacious master suite includes a TILE SHOWER and a separate tub for added relaxation. Two more spacous bedrooms and another full bathroom are located on this level, along with a loft area overlooking the great room below. The exterior of the home is equally impressive, offering multiple gathering spaces such as a gazebo on the front porch, a SCREEN PORCH and a PAVER PATIO with a HOT TUB. The Magnolia Bay HOA takes care of landscaping and yard maintenance, adding to the ease of ownership. The location is prime, with convenient access to one of the three community pools, a nearby beach, and a trolley stop for in-season use. The Currituck Club is a premier community in Corolla, featuring an array of amenities including tennis, Bocce ball, basketball, shuffleboard, and volleyball courts, as well as a clubhouse, fitness center, playground, and sidewalks. Residents can also enjoy a semi-private golf course with additional fees. Copy and paste link for a 3-D virtual tour. https://my.matterport.com/show/?m=dFMApzHmnwX&play=1&brand=0&mls=1&
Directions
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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 533 Magnolia Way in Corolla is provided
courtesy of Keller Williams - Outer Banks C: 252-489-8054. Information is believed to be accurate but is not
warranted. Copyrighted by Outer Banks Association of REALTORS. All Rights Reserved. IDX
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means the property at 533 Magnolia Way in Corolla is no longer available for sale. If you are interested in this property
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