Closing Price:
$369,000
501 Magnolia Way, Corolla, NC 27927
4 bd
3 ba
2506 sq ft
MLS #: 85888
Status: Closed

Sold Details

Status: Closed
Sold Price: $350,000.00
Closing Date: 6/29/2015
Contract Date: 1/20/2015
Seller Concessions: No
Total Days on Market:
Cumulative Days on Market: 224

Listing Information

Area: Corolla Westside
Mls Status: Closed
Days On Market: 224
Cumulative Days On Market: 224
Listing Price: $369,000
Original Listing Price: $379,000
Possession: Close Of Escrow
Short Sale: Yes
Price Date: 6/30/2015
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: 2506
Asking Price Per SqFt: $147.00
Heated Living Area Sq Ft: 2506
BedroomsTotal: 4
Bathrooms Full: 3
Bathrooms Partial: 1
Year Built: 1998
Garage: 1 Car,Attached
Architectural Style: Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: Dryer, Dishwasher, Microwave, Refrigerator w/Ice Maker, Range/Oven, Washer
Roof: Asphalt
Parking: Off Street, Paved
Foundation: Piling, Slab
Pool: Yes
Pool Type: Private
Pool Features: Fiberglass, In Ground, Outdoor Pool
Counter Tops: Granite
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s), Pantry, Walk-In Closet(s)
Heating: Central, Heat Pump
Room Type: Foyer
Flooring: Carpet, Ceramic Tile, Vinyl
Construction Materials: Frame, Wood Siding

Legal Description

County: Currituck
Subdivision: TCC-Magnolia Bay
Deed Book: 0932
Deed Book Page Number: 0726
County Pin Number: 127D00000330000
Price Change: 6/29/2015
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: Level
Waterfront: Semi-Soundfront
View: Sound
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2014
Annual Property Taxes: $1,932.00
Flood Zone: AE
Water Source: Municipal
Contract Status Change Date: 6/30/2015
Estimated Annual Fee Amt: $5,381.00
Sewer: Shared Septic
Association Fee Includes: Electricity, Common Insurance, Maintenance Grounds, Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
Association Fee Yes or No: Yes

Financials

Bill Of Sale Amoung: 1
Seller to Sever Oil/Gas: No
Bank/Institution Owned: No
Oil/Gas Severed Pre Owner: No Representation
Oil/Gas Severed By Seller: No
Exterior: Cement Fiber Board
Extras: Ceiling Fan(s),Covered Decks,Garage Door Opener,Hot Tub,Jet Tub,Landscaped,Lawn Sprinklers,Outside Lighting,Patio,Smoke Detector(s),Sun Deck
Primary Residence: No

Rental Income

Annual Rental Income: 31325
Rental Performance: 0.0895

Listing Agent Remarks

This is the Magnolia Bay home you have been waiting for! Offering 4 bedrooms, with 3.5 bathrooms and just over 2,500 square feet. Add to that a strong rental history, excellent sound views, private pool and hot tub helps this home stand out above the rest. This property has been priced aggressively for a quick sale. Don't sit on the fence too long, or it will be gone before you know it! With the holiday season right around the corner can you think of a better gift for yourself or a loved one then an OBX beach house? I sure can't! This property has been placed in an upcoming event. All bids should be submitted at www.HomeSearch.com. All properties are subject to a 5% buyer's premium pursuant to the Event Agreement and Terms & conditions (minimum will apply). Please contact listing agent for details and commission paid on this property.

Directions

Main entrance to TCC. Left on Hunt Club Drive. Right on Magnolia Way. Follow to end.

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 501 Magnolia Way in Corolla is provided courtesy of Village Realty Holdings, LLC - Corolla C: 252-457-1950. 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 501 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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