NOT LISTED FOR SALE

501 Magnolia Way Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $752,000 - $877,000

4 Beds
3.5 Baths
2,506 Sq Ft
$324/Sq Ft Est. Value

Last Sold December 07, 2020

Last sale price $499,000 $199 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $5,248/month

Highlights

  • Community Beach Access
  • Health Club
  • Home fronts a sound
  • Views of a Sound
  • Golf Course Community
  • In Ground Pool

About This Home

As of December 2020

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.

Last Agent to Sell the Property

Matt Myatt

Keller Williams - Outer Banks License #218707 Listed on: 10/16/2020

Keller Williams - Outer Banks

Co-Listed By

Terry Blocher

Keller Williams - Outer Banks License #271673

Last Buyer's Agent

Matt Myatt

Keller Williams - Outer Banks License #218707 Listed on: 10/16/2020

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,134

Year Built

  • Built in 1998

Lot Details

  • Home fronts a sound
  • Property fronts a private road
  • Landscaped
  • Level Lot
  • Sprinkler System

HOA Fees

  • $472 Monthly HOA Fees

Home Design

  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 2,506 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Views of a Sound
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Garage Door Opener
  • Off-Street Parking

Pool

  • In Ground Pool
  • Fiberglass Pool
  • Outdoor Pool
  • Spa

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Patio
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot lot 33

Community Details

Overview

  • Association fees include common electric, common insurance, grounds maintenance, management, pool, road maintenance, security, tennis courts, walkways
  • Heidi Corsello Association
  • Tcc Magnolia Bay Subdivision

Recreation

  • Community Beach Access
  • Golf Course Community
  • Health Club
  • Tennis Courts
  • Community Playground
  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,134

Year Built

Built in 1998

Lot Details

0

HOA Fees

$472 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Extras: Ceiling Fan(s), Covered Decks, Garage Door Opener, Hot Tub, Jet Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Patio, Smoke Detector(s), Sun Deck
  • Headline: Magnolia Bay Charmer!
  • Heated Sq Ft: 2506
  • L V T Date: 10/16/2020
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Soundfront
  • Zoning: res
  • Deed Book Pg Number: 135
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: The Currituck Club
  • Newpoint Media: Yes
  • Office License Number: C30917
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 4
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Vinyl
  • Foundation: Piling, Slab
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Some Windows Treated, Walk in Closet, Washer Connection
  • Optional Rooms: Foyer
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Fiberglass, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Sound

Garage/Parking

  • Garage: 1 Car, Attached
  • Parking: Paved, Off Street

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Heat Pump
  • Sewer/Septic System: Community Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Grounds Maintenance, Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
  • Association Amenities: Clubhouse, Gated Community, Golf Course, Health Club, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground
  • Association Fee: Yes
  • Estimated Annual Fee: 5660
  • Hoa Contact: Heidi Corsello
  • HOA Contact: TCCPOA/ MBPOA

Lot Info

  • Lot Description: Level
  • Lot Number: lot 33
  • Deed Book: 1332

Building Info

  • Year Built: 1998

Tax Info

  • Year: 2020
  • Taxes: 2134

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2020
Closed on
Dec 2, 2020
Sold by
Martin Phillip J and Martin Anne M
Bought by
Walsh Christopher and Walsh Ellen
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Matt Myatt
Keller Williams - Outer Banks
List Price
$499,000
Sold Price
$499,000
Current Estimated Value
$817,245

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$318,245
Avg. Annual Appreciation
10.89%
Original Mortgage
$449,100
Outstanding Balance
$404,168
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$407,140

Purchase Details

Listed on
Nov 17, 2014
Closed on
Jun 29, 2015
Sold by
Kauffmann Kenneth and Kauffmann Kathleen
Bought by
Martin Phillip J and Martin Anne M
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Matt Myatt
Keller Williams - Outer Banks
List Price
$379,000
Sold Price
$350,000
Premium/Discount to List
-$29,000
-7.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.72%
Original Mortgage
$262,500
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 3, 2006
Sold by
Stimac John C and Stimac Lizbeth K
Bought by
Kauffmann Kenneth and Kauffmann Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$483,000
Interest Rate
6%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Walsh Christopher $499,000 None Available
Martin Phillip J $350,000 Attorney
Kauffmann Kenneth $683,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walsh Christopher $449,100
Previous Owner Martin Phillip J $233,000
Previous Owner Martin Phillip J $262,500
Previous Owner Kauffmann Kenneth $483,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2020 12/07/20 Sold $499,000 0.0% $199 / Sq Ft
10/16/2020 10/16/20 Pending -- -- --
10/16/2020 10/16/20 For Sale $499,000 +42.6% $199 / Sq Ft
06/29/2015 06/29/15 Sold $350,000 -7.7% $140 / Sq Ft
01/20/2015 01/20/15 Pending -- -- --
11/17/2014 11/17/14 For Sale $379,000 -- $151 / Sq Ft
Source: Outer Banks Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,870 $486,100 $143,000 $343,100
2023 $3,870 $486,100 $143,000 $343,100
2022 $2,915 $486,100 $143,000 $343,100
2021 $2,900 $337,700 $80,000 $257,700
2020 $2,135 $337,700 $80,000 $257,700
2019 $2,128 $337,700 $80,000 $257,700
2018 $0 $337,700 $80,000 $257,700
2017 $1,933 $337,700 $80,000 $257,700
2016 $1,933 $337,700 $80,000 $257,700
2015 $1,939 $337,700 $80,000 $257,700
Source: Public Records

Agents Affiliated with this Home

  • Matt Myatt

    Seller's Agent in 2020

    Matt Myatt

    Keller Williams - Outer Banks

    (252) 207-6588

    215 in this area

    439 Total Sales

    Section Image

  • T

    Seller Co-Listing Agent in 2020

    Terry Blocher

    Keller Williams - Outer Banks

    (252) 457-1906

    149 in this area

    238 Total Sales

    Section Image
  • Allysa Miller

    Buyer Co-Listing Agent in 2020

    Allysa Miller

    Keller Williams - Outer Banks

    (252) 489-7342

    26 in this area

    79 Total Sales

    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 111493

Outer Banks Association of REALTORS®

APN: 127D-000-0033-0000

North Carolina Currituck County Corolla 27927 Corolla

501 Magnolia Way, Corolla, NC

This home is located at 501 Magnolia Way, Corolla, NC 27927 since 16 October 2020 and is currently estimated at $811,308, approximately $323 per square foot. This property was built in 1998. 501 Magnolia Way is a home located in Currituck County with nearby schools including Knotts Island Elementary School, Currituck County Middle School, and Currituck County High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Outer Banks Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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