Closing Price:
$574,900
$574,900
528 Magnolia Way,
Corolla, NC 27927
3 bd
2 ba
1740 sq ft
MLS #: 125477
Status: Closed
Sold Details
Status: Closed
Sold Price: $574,900.00
Closing Date: 6/26/2024
Contract Date: 5/21/2024
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 35
Due Diligence Date: 6/20/2024
Listing Information
Area: Corolla Westside
Mls Status: Closed
Days On Market: 35
Cumulative Days On Market: 35
Listing Price: $574,900
Original Listing Price: $589,000
Short Sale: No
Price Date: 5/17/2024
Furnishing Available: Yes
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell
Building Details
Primary Heated Living Area Sq Ft: 1740
Total Living Area Sq Ft: 1740
Asking Price Per SqFt: $330.00
Heated Living Area Sq Ft: 1740
BedroomsTotal: 3
Bathrooms Full: 2
Bathrooms Partial: 1
Year Built: 1996
Garage: 1 Car,Attached
Sub Type: Single Family Residence
Roof: Asphalt
Pool: Yes
Pool Type: Association
Pool Features: Outdoor Pool, Association
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s)
Heating: Central, Heat Pump
Legal Description
County: Currituck
Subdivision: TCC-Magnolia Bay
Deed Book: 1309
Deed Book Page Number: 507
County Pin Number: 127D00000180000
Price Change: 6/27/2024
Road Surface: Paved, Private
Association Amenities: Clubhouse, Gated, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground
Lot Details
Waterfront: None
View: Sound
Property Type: Residential
Property Expenses & Utilities
Tax Year: 2023
Annual Property Taxes: $2,939.00
Flood Zone: AE,X
Water Source: Municipal
Contract Status Change Date: 6/28/2024
Estimated Annual Fee Amt: $6,500.00
Sewer: Shared Septic
Association Fee Includes: Pool, Road Maintenance, Security, Sewer/Septic, Tennis Courts
Association Fee Yes or No: Yes
Financials
Electroni Locks: Owned
Bank/Institution Owned: No
Exterior: Cement Fiber Board
Extras: Hot Tub,Outside Shower,Dry Entry,Inside Laundry Room
Fuel Tanks: Owned
HOA Contact Name: Heidi Corsello
Primary Residence: No
HOA Contact Info: 252-453-4011
Rental Income
Annual Rental Income: 47381
Rental Performance: 0.0824
Listing Agent Remarks
NEW FORTIFIED ROOF - NEW LP SMART SIDING - NEW EXTERIOR PAINT! All the work has been done for you. This 3 bedroom 2.5 bath home is located in the Currituck Club community of Corolla, known for it's upscale neighborhood feel, manicured grounds, pools galore, beach access and award winning Rees Jones golf course. What is extra special about this home is that it's located at the southern end of the community, so the beach is walkable (or you can take the neighborhood trolley) and one of the resort pools is just down the street and hardly used! You'll be welcomed with sound views as you drive up to the home, and the mature live oak adds to the Outer Banks charm. The covered porch greets you as you walk up to the main entrance. Or use the garage for a dry entry. The garage is also great as a game room or for golf cart storage. The reverse floor plan of the home lets you soak in the ample natural light from the main living space. Tall and wide windows showcase the live oaks, sunshine and slight sound views, bringing the outdoors in and making the space feel more open. The cathedral ceilings and open floor plan accent that aesthetic. You'll find the living space, kitchen, dining, half bath, laundry and powder room on this floor. Walk down a half flight of steps to the primary bedroom and ensuite bathroom, with double sinks and jacuzzi tub. Downstairs on the first level, you'll find the two additional bedrooms with a shared bathroom. The layout gives a nice buffer between the primary bedroom and the other two bedrooms. This level also features a dedicated entryway and the entrance into the garage. Outside the home, you'll find the outdoor shower and hot tub. The owners have used the home both as a rental investment and second home. Rental projections range from $40,000 to $55,000, just ask your agent for details. The home comes fully furnished and decorated, in a coastal theme that pays homage to golf course life. HOA dues have been paid in full for 2024 for the new buyer.
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 528 Magnolia Way in Corolla is provided
courtesy of Keller Williams - Outer Banks C: 252-599-7250. 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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properties consumers may be interested in purchasing. If this page disappears from this site it
means the property at 528 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
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