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Closing Price:
$599,000
504 Magnolia Way, Corolla, NC 27927
4 bd
3 ba
2533 sq ft
MLS #: 60181
Status: Closed

Sold Details

Status: Closed
Sold Price: $550,000.00
Closing Date: 5/20/2011
Contract Date: 3/25/2011
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 812

Listing Information

Area: Corolla Westside
Mls Status: Closed
Days On Market: 812
Cumulative Days On Market: 812
Listing Price: $599,000
Original Listing Price: $875,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 5/21/2011
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: 2533
Asking Price Per SqFt: $236.00
Heated Living Area Sq Ft: 2533
BedroomsTotal: 4
Bathrooms Full: 3
Year Built: 1996
Garage: 1 Car
Architectural Style: Traditional
Sub Type: Single Family Residence
Appliances: Dryer, Dishwasher, Microwave, Refrigerator, Range/Oven, Washer
Roof: Asphalt
Parking: Paved
Foundation: Piling
Pool: Yes
Pool Features: Concrete, Heated, Outdoor Pool
Builder Name: Mancuso
Counter Tops: Other
Cooling: Central Air, Heat Pump, Zoned
Interior Features: Cathedral Ceiling(s), Pantry, Walk-In Closet(s)
Heating: Central, Heat Pump, Zoned
Room Type: Foyer
Flooring: Carpet, Ceramic Tile, Vinyl
Construction Materials: Frame

Legal Description

County: Currituck
Subdivision: TCC-Magnolia Bay
Subdivision Name: Magnolia Bay at The Currituck Club
Deed Book: 589
Deed Book Page Number: 165
County Pin Number: 127D00000300000
Price Change: 5/20/2011
Road Surface: Paved, Private
Association Amenities: Clubhouse, Gated, Golf Course, Fitness Center, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground

Lot Details

Lot Features: Cul-De-Sac, Level, Waterfront
Waterfront: Soundfront
View: Sound
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2010
Annual Property Taxes: $2,271.00
Water Source: Municipal
Contract Status Change Date: 5/21/2011
Estimated Annual Fee Amt: $4,590.00
Sewer: Shared Septic
Association Fee Includes: Electricity, Common Insurance, Maintenance Grounds, Management, Pool, 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
HashTag of Units: 1
Extras: Beach Access,Ceiling Fan(s),Covered Decks,Garage Door Opener,Hot Tub,Jet Tub,Landscaped,Lawn Sprinklers,Outside Lighting,Smoke Detector(s),Sun Deck
HOA Contact Name: Barney Ottinger
Primary Residence: Yes
HOA Contact Info: 252-453-4011

Rental Income

Annual Rental Income: 32000
Rental Performance: 0.0582

Listing Agent Remarks

HUGE PRICE REDUCTION! OUTSTANDING VALUE! This meticulously cared for & beautifully furnished Sound Front residence offers PANORAMIC SOUND VIEWS AND NO MARSH. Situated on a premium view lot, you & your guests will enjoy seeing endless spectacular sunsets over the Currituck Sound. Set on a peaceful Cul- de Sac, you will know something special awaits you the moment you enter the front door. Rental history for 2004-2006 averaged $29,946 per year. New lower level AC in 2010. NEW EXTERIOR PAINT 2010.

Directions

Curriuck Club main entrance, left onto Hunt Club, right onto Magnolia Way, house near end on 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 504 Magnolia Way in Corolla is provided courtesy of Green Realty Group, LLC . 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 504 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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