Closing Price:
$395,000
502 Magnolia Way, Corolla, NC 27927
4 bd
3 ba
2484 sq ft
MLS #: 92947
Status: Closed

Sold Details

Status: Closed
Sold Price: $312,900.00
Closing Date: 10/19/2016
Contract Date: 8/3/2016
Seller Concessions: Yes
Total Days on Market:
Cumulative Days on Market: 112

Listing Information

Area: Corolla Westside
Mls Status: Closed
Days On Market: 112
Cumulative Days On Market: 112
Listing Price: $395,000
Original Listing Price: $395,000
Possession: Close Of Escrow
Short Sale: No
Price Date: 10/24/2016
Furnishing Available: No
Ownership: Owned 12 Months or less
Listing Type: Exclusive Right To Sell

Building Details

Primary Heated Living Area Sq Ft: 2484
Asking Price Per SqFt: $159.00
Heated Living Area Sq Ft: 2484
BedroomsTotal: 4
Bathrooms Full: 3
Bathrooms Partial: 1
Year Built: 1997
Garage: 1 Car,Attached
Garage Sq Ft: 380
Architectural Style: Contemporary
Sub Type: Single Family Residence
Roof: Asphalt
Parking: Off Street
Foundation: Piling
Pool: Yes
Pool Type: Association
Pool Features: Association, In Ground
Counter Tops: Laminate,Solid Surface
Cooling: Central Air, Heat Pump, None
Interior Features: Cathedral Ceiling(s), Walk-In Closet(s)
Heating: Central, Heat Pump, Zoned
Room Type: Breakfast Nook, Utility Room
Flooring: Carpet, Ceramic Tile, Vinyl
Construction Materials: Frame

Legal Description

County: Currituck
Subdivision: TCC-Magnolia Bay
Subdivision Name: MAGNOLIA BAY
Deed Book: 1387
Deed Book Page Number: 720
County Pin Number: 127D00000310000
Price Change: 10/23/2016
Road Surface: Paved, Private
Association Amenities: Clubhouse, Common Area, Gated, Golf Course, Fitness Center, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground, Park, Sound Access

Lot Details

Total Assessed Value: 387000
Lot Size Dimensions: 60 X 70
Lot Features: Adj. To Common Area, Cul-De-Sac, Waterfront
Lot Faces: E
Water Frontage: 60
Waterfront: Soundfront
View: Sound, Salt Marsh
Property Type: Residential

Property Expenses & Utilities

Tax Year: 2015
Annual Property Taxes: $1,972.00
Flood Zone: AE
Water Source: Municipal
Other Yearly Expense: 142000
Contract Status Change Date: 10/24/2016
Estimated Annual Fee Amt: $5,663.00
Sewer: Public Sewer
Association Fee Includes: Maintenance Grounds, Management, Other-See Remarks, Pool, Road Maintenance, Security, Tennis Courts, Walkways
Association Fee Yes or No: Yes

Financials

Bank/Institution Owned: Yes
Exterior: Cement Fiber Board,Lap Siding
Extras: Ceiling Fan(s),Covered Decks,Jet Tub,Landscaped,Lawn Sprinklers,Outside Shower,Patio,Smoke Detector(s),Sun Deck
Primary Residence: No
Street Frontage : 60

Rental Income

There is no rental income information available

Listing Agent Remarks

*** NOTE*** SELLERS HAVE ACCEPTED THE HIGHEST BID OFFER AND ARE PREPARING CONTRACT DOCS. ***THIS ATTRACTIVE SOUNDFRONT 4 BEDROOM CHARMER IS LOCATED AT THE END OF A QUIET CUL DE SAC IN THE SOUGHT AFTER GATED COMMUNITY OF THE CURRITUCK CLUB AT MAGNOLIA BAY. A LARGE REAR SUN DECK TAKES ADVANTAGE OF THE GORGEOUS WATERFRONT VIEWS AND MAGNIFICENT SUNSETS OVER THE CURRITUCK SOUND. AN EXPANSIVE OPEN FLOOR PLAN BOASTS A GREAT ROOM WITH SOARING CEILINGS, GAS FIREPLACE WALLS OF SUNNY WINDOWS OVERLOOKING THE WATER AND A SIT AT BAR TO THE KITCHEN. THE KITCHEN IS SPACIOUS WITH LOTS OF CABINETS AND COUNTER SPACE. A BIG BREAKFAST DINING AREA AND ANOTHER EAT AT BAR CAN SEAT A CROWD. THERE IS A SEPARATE FORMAL DINING ROOM IN THE FRONT FOR THOSE SPECIAL OCCASIONS. JUST DOWN THE HALL IS A MASTER BEDROOM WITH GAS FIREPLACE AND A LARGE MASTER BATH WITH SOAKER TUB, SEPARATE SHOWER AND SEPARATE COMMODE ROOM. UPSTAIRS IS ANOTHER LARGE MASTER BEDROOM WITH SOARING CEILINGS, THREE SIDED GAS FIREPLACE, SOAKER TUB, SEPARATE SHOWER, LARGE CLOSETS AND SEPARATE COMMODE. TWO SUNNY SPACIOUS BEDROOMS AND A FULL BATH COMPLETE THIS FLOOR. THE CURRITUCK CLUB IS ONE OF A KIND SUBDIVISIONS WITH A SEASONAL TROLLEY TO TAKE YOU TO THE BEACH AND THE BEACH SURF SHACK.. LANDSCAPING AND YARD MAINTENANCE ARE INCLUDED IN THE DUES. THE GOLF COURSE IS A REESE JONES PREMIER 18 HOLD CHAMPIONSHIP GOLF COURSE. THERE IS A FITNESS CENTER, GAME ROOM, PRO SHOP 5 COMMUNITY POOLS, MANY TENNIS COURTS, BASKETBALL COURTS, VOLLEY BALL, PLAYGROUNDS, SHUFFLEBOARD, FULL SERVICE GRILL, PEDESTRIAN WALKS THAT ARE LIGHTED, BIKE PATHS IN ADDITION TO THAT HANDY TROLLEY.

Directions

NORTH ON ROUTE 12. ENTER MAIN GATE OF THE CURRITUCK CLUB. CHECK IN AT GUARD GATE. LEFT ON HUNT CLUB FOR 2 MILES TO RIGHT ON MAGNOLIA BAY. HOME ON SOUND AT END OF THE CUL DE SAC. COMBO LOCKBOX

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 Sun Realty - Kitty Hawk / Currituck Main: 252-261-3892. 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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