Closing Price:
$225,000
530 Magnolia Way, Corolla, NC 27927
3 bd
2 ba
1748 sq ft
MLS #: 87781
Status: Closed

Sold Details

Status: Closed
Sold Price: $225,000.00
Closing Date: 12/30/2015
Contract Date: 6/16/2015
Seller Concessions: Yes
Total Days on Market:
Cumulative Days on Market: 252

Listing Information

Area: Corolla Westside
Mls Status: Closed
Days On Market: 252
Cumulative Days On Market: 252
Listing Price: $225,000
Original Listing Price: $249,500
Possession: Close Of Escrow
Short Sale: Yes
Price Date: 5/5/2015
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: 1748
Asking Price Per SqFt: $129.00
Heated Living Area Sq Ft: 1748
BedroomsTotal: 3
Bathrooms Full: 2
Bathrooms Partial: 1
Year Built: 1996
Garage: 1 Car,Attached
Architectural Style: Reverse Floor Plan
Sub Type: Single Family Residence
Appliances: Dryer, Dishwasher, Microwave, Refrigerator, Range/Oven, Washer
Roof: Asphalt
Parking: Paved
Pool: Yes
Pool Type: Association
Pool Features: Association, Outdoor Pool
Builder Name: Mancuso Development
Cooling: Central Air, Heat Pump
Interior Features: Cathedral Ceiling(s)
Heating: Electric, Heat Pump
Room Type: Foyer
Flooring: Carpet, Ceramic Tile, Vinyl, Laminate
Construction Materials: Frame, Wood Siding

Legal Description

County: Currituck
Subdivision: TCC-Magnolia Bay
Subdivision Name: The Currituck Club-Magnolia Bay
Deed Book: 0850
Deed Book Page Number: 0223
County Pin Number: 127D00000170000
Price Change: 12/29/2015
Association Amenities: Clubhouse, Gated, Golf Course, Fitness Center, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground

Lot Details

Lot Size Dimensions: 60x90
Lot Size Square Feet: 5400
Lot Features: Level, Wooded
Lot Faces: E
Waterfront: None
View: Sound
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2015
Annual Property Taxes: $1,585.00
Flood Zone: AE
Water Source: Municipal
Contract Status Change Date: 12/30/2015
Estimated Annual Fee Amt: $5,596.00
Sewer: Public Sewer
Association Fee Includes: 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: Ceiling Fan(s),Covered Decks,Garage Door Opener,Gazebo,Hot Tub,Jet Tub,Outside Shower,Patio,Sun Deck
HOA Contact Name: Dale Smith
Primary Residence: No
Street Frontage : 60
HOA Contact Info: 908-859-2901

Rental Income

Annual Rental Income: 20880
Rental Performance: 0.0928

Listing Agent Remarks

Just reduced, priced $52K lower than the lowest comparable! This Short Sale is handled by an experienced short sale attorney, Starkey Sharp. The Outer Bunker was a great rental machine and grossed $20K+ in 2013 with a consistent history. Currently rented on a month to month basis with 30 day notice to vacate. Great layout with nice sound views this property is turnkey and perfect for the investor or second home. Relax in the rocking chairs in the gazebo or let the sun and the awesome views charm you on the top deck where you can see the Currituck Sound. Relax in the hot tub or jump in the outside shower after a long pleasurable day at the beach. The great room offers abundant natural light with the many tall windows, sliding glass doors, gas fireplace and built-ins. Tiled floors in the kitchen, laundry room and laminate floors in the great room and dining room. Spacious master retreat with whirlpool tub and walk in closet and access to the deck. Nice size garage to enjoy as a game room or to store all that beach apparel. Located at the south end of the Currituck Club, the Outer Bunker is a short walk to the community pool, shops and beach with parking. Nothing missing here but you!

Directions

The Currituck Club main entrance, left on Hunt Club Drive, right on Magnolia Way to 530.

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 530 Magnolia Way in Corolla is provided courtesy of Coldwell Banker Seaside Realty KH C: 252-489-9417. 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 530 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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