Seller's Agent in 2018
Kathy Sawyer
Village Realty Holdings, LLC - Corolla
(252) 457-1950
24 in this area
66 Total Sales
502 Magnolia Way Corolla, NC 27927
Corolla NeighborhoodEstimated Value: $795,127 - $924,000
4
Beds
3.5
Baths
2,570
Sq Ft
$333/Sq Ft
Est. Value
Highlights
- Views of a Sound
- Outdoor Pool
- Main Floor Bedroom
- Home fronts a sound
- Coastal Architecture
- Furnished
About This Home
As of October 2018Recently remodel sound front in Magnolia Bay in the heart of The Currituck Club. Enjoy this perfect spot on the sound front in Corolla with spectacular sunsets beaming right into your living and kitchen. Magnolia Bay is tucked in and on the south end of The Currituck Club. This beautiful well appointed single family home is in one of the most attractive communities in Corolla. The property has been completely renovated and is in turn key condition for the new owner to take over and relax because the seller has made it a dream spot for a second home owner or the investor with a bounty full of bookings for 2018. The first level offers living with fireplace and dining and kitchen with a formal dining and a master with fireplace on this level. The living and kitchen offer breathless views of the water and sunsets that will last in the memory bank for years. Upstairs offer three additional bedrooms, one master with fireplace and two bedrooms that share a hallway bath. Enjoy the sunset right from the hot tub on the west deck and you may never want to leave. Community pool is within minutes on a bike or in a car and comes without the headache of maintaing a private pool. Sellers will consider owner finance with 25% down.
Last Agent to Sell the Property
Village Realty Holdings, LLC - Corolla License #88741 Listed on: 06/15/2018
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,128
Year Built
- Built in 1997
Lot Details
- Home fronts a sound
- Level Lot
HOA Fees
- $466 Monthly HOA Fees
Home Design
- Coastal Architecture
- Cottage
- Frame Construction
- Asphalt Shingled Roof
- Cement Board or Planked
Interior Spaces
- 2,570 Sq Ft Home
- Furnished
- Gas Fireplace
- Living Room
- Dining Room
- Views of a Sound
Kitchen
- Oven or Range
- Microwave
- Ice Maker
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Main Floor Bedroom
- En-Suite Primary Bedroom
Laundry
- Dryer
- Washer
Parking
- Garage
- Carport
Pool
- Outdoor Pool
Utilities
- Forced Air Zoned Heating and Cooling System
- Heat Pump System
- Municipal Utilities District for Water and Sewer
Listing and Financial Details
- Tax Lot 31
Community Details
Overview
- Tcc Magnolia Bay Subdivision
Recreation
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 15, 2024
Sold by
Faiferlick Christopher J and Faiferlick Lynn M
Bought by
Mahoney David and Mahoney Deborah
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$577,500
Outstanding Balance
$567,389
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$287,393
Purchase Details
Listed on
Jun 15, 2018
Closed on
Oct 25, 2018
Sold by
Sloan Courtney
Bought by
Faiferlick Christopher J and Faiferlick Lynn M
Seller's Agent
Kathy Sawyer
Village Realty Holdings, LLC - Corolla
Buyer's Agent
Robert Godley
Kitty Hawk Land Company
List Price
$419,000
Sold Price
$409,000
Premium/Discount to List
-$10,000
-2.39%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.22%
Original Mortgage
$306,750
Interest Rate
4.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 9, 2016
Sold by
The Bank Of New York Mellon
Bought by
Sloan Courtney
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.44%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 8, 2016
Sold by
Grube Richard H and Bradshaw Grube Karla J
Bought by
The Bank Of New York Mellon and Jpmorgan Chase Bank Na
Purchase Details
Closed on
Feb 22, 2005
Sold by
Johnson Kenneth F and Johnson Vickie W
Bought by
Grube Richard H and Bradshaw Grube Karla J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$631,600
Interest Rate
5.6%
Mortgage Type
New Conventional
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mahoney David | $770,000 | None Listed On Document | |
| Faiferlick Christopher J | $409,000 | None Available | |
| Sloan Courtney | $313,000 | Attorney | |
| The Bank Of New York Mellon | $676,555 | None Available | |
| Grube Richard H | $789,500 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mahoney David | $577,500 | |
| Previous Owner | Faiferlick Christopher J | $306,750 | |
| Previous Owner | Sloan Courtney | $300,000 | |
| Previous Owner | Grube Richard H | $631,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/30/2018 10/30/18 | Sold | $409,000 | -2.4% | $159 / Sq Ft |
| 09/02/2018 09/02/18 | Pending | -- | -- | -- |
| 07/20/2018 07/20/18 | For Sale | $419,000 | 0.0% | $163 / Sq Ft |
| 06/24/2018 06/24/18 | Pending | -- | -- | -- |
| 06/15/2018 06/15/18 | For Sale | $419,000 | +33.9% | $163 / Sq Ft |
| 10/19/2016 10/19/16 | Sold | $312,900 | -20.8% | $126 / Sq Ft |
| 08/03/2016 08/03/16 | Pending | -- | -- | -- |
| 06/29/2016 06/29/16 | For Sale | $395,000 | -- | $159 / Sq Ft |
Source: Outer Banks Association of REALTORS®
Tax History Compared to Growth
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 | $3,800 | $476,200 | $156,200 | $320,000 |
| 2023 | $3,800 | $476,200 | $156,200 | $320,000 |
| 2022 | $0 | $470,900 | $156,200 | $314,700 |
| 2021 | $0 | $387,000 | $142,000 | $245,000 |
| 2020 | $2,321 | $387,000 | $142,000 | $245,000 |
| 2019 | $2,341 | $387,000 | $142,000 | $245,000 |
| 2018 | $2,341 | $387,000 | $142,000 | $245,000 |
| 2017 | $2,127 | $387,000 | $142,000 | $245,000 |
| 2016 | $2,127 | $387,000 | $142,000 | $245,000 |
| 2015 | $2,127 | $387,000 | $142,000 | $245,000 |
Source: Public Records
Agents Affiliated with this Home
-
Kathy Sawyer
-
Robert Godley
R
Buyer's Agent in 2018
Robert Godley
Kitty Hawk Land Company
(252) 207-4894
70 in this area
87 Total Sales
-
Mary Fouty-Davis
M
Seller's Agent in 2016
Mary Fouty-Davis
Sun Realty - Kitty Hawk / Currituck
(252) 261-3892
-
*
Buyer's Agent in 2016
* **Not a Member
**Not a Member
Map
Source: Outer Banks Association of REALTORS®
MLS Number: 100915
APN: 127D-000-0031-0000
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