Closing Price:
$799,000
502 Magnolia Way, Corolla, NC 27927
4 bd
3 ba
2484 sq ft
MLS #: 123598
Status: Closed

Sold Details

Status: Closed
Sold Price: $770,000.00
Closing Date: 2/21/2024
Contract Date: 1/12/2024
Seller Concessions: Yes
Concession Comments: $3200 Credit from the seller to the Buyer for home inspection repairs.
Total Days on Market:
Cumulative Days on Market: 145
Due Diligence Date: 2/12/2024

Listing Information

Area: Corolla Westside
Mls Status: Closed
Days On Market: 145
Cumulative Days On Market: 145
Listing Price: $799,000
Original Listing Price: $799,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 2/22/2024
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 2484
Asking Price Per SqFt: $322.00
Heated Living Area Sq Ft: 2484
BedroomsTotal: 4
Bathrooms Full: 3
Bathrooms Partial: 1
Year Built: 1997
Garage: 1 Car,Attached
Architectural Style: Traditional, Coastal, Cottage
Sub Type: Single Family Residence
Appliances: Dryer, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer
Roof: Asphalt
Foundation: Piling
Pool: No
Builder Name: Mancuso
Counter Tops: Quartz
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s)
Heating: Central, Forced Air, Heat Pump
Flooring: Carpet, Ceramic Tile
Construction Materials: Wood Siding

Legal Description

County: Currituck
Subdivision: TCC-Magnolia Bay
Subdivision Name: Magnolia Bay
Deed Book: 1462
Deed Book Page Number: 493
County Pin Number: 127D00000310000
Price Change: 2/21/2024
Road Surface: Paved, Private
Association Amenities: Gated, Fitness Center, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Park

Lot Details

Lot Features: Waterfront
Waterfront: Soundfront
View: Sound
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2022
Annual Property Taxes: $2,837.00
Flood Zone: AE
Water Source: Municipal
Contract Status Change Date: 2/22/2024
Estimated Annual Fee Amt: $6,500.00
Sewer: Private Sewer
Association Fee Includes: Maintenance Grounds, Management, Road Maintenance, Security, Tennis Courts
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Bank/Institution Owned: No
Exterior: Cement Fiber Board
Extras: Ceiling Fan(s),Landscaped,Outside Shower
Fuel Tanks: Leased
HOA Contact Name: Heidi Corsello
Primary Residence: No
HOA Contact Info: 252-453-4011

Rental Income

There is no rental income information available

Listing Agent Remarks

This Soundfront Corolla gem is a definite must-see! Offering the utmost in relaxed tranquility, this 4 bed 3.5 bath has it all and then some! Two stunning master suites with huge bathrooms and jacuzzi tubs, spacious, open and airy great room with serene sound views, large back deck perfect for sipping a cold drink while watching another sublime sunset, big garage with tons of storage space, and much more! Keep warm in the winter with 2 gas fireplaces and heated tile floors. The home is Located snugly in the pristine golf community of The Currituck Club, you will have access to more amenities than you'll know what to do with...from world-class Rees Jones golf, trolley service to and from the beach Memorial to Labor Day, pools, tennis and basketball courts, health club, parks, playgrounds and the list just goes on! In addition, you can't beat the easy convenience of excellent dining, shopping and entertainment options right outside your doorstep! New roof, New windows, New Hot Water Heaters, New Washer and dryer, fresh exterior paint and new HVAC units. Someday is now to buy the beach home as a great rental investment or vacation home, you simply cannot go wrong with this one so come and see for yourself!

Directions

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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 502 Magnolia Way in Corolla is provided courtesy of Kitty Hawk Land Company C: 252-207-4894. 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 502 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 252-441-3416 OR 800-647-1868.
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