NOT LISTED FOR SALE

510 Meadow Ln Corolla, NC 27927

Estimated Value: $591,748 - $656,000

3 Beds
2.5 Baths
1,730 Sq Ft
$365/Sq Ft Est. Value

Last Sold February 11, 2021

Last sale price $415,000 $240 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $3,958/month

69 Days on Market

Highlights

  • Community Beach Access
  • In Ground Pool
  • Wooded Lot
  • Health Club
  • Gated Community
  • Cathedral Ceiling

About This Home

As of February 2021

Charming home in a terrific neighborhood! Located in the premier setting of The Currituck Club, this home is perfectly situated in the quiet neighborhood of Magnolia Bay. This 3 bedroom, 2.5 bath home will make the perfect primary, second home or investment property. Within minutes of the beach, shops, grocery store and restaurants. Enjoy your private pool and hot tub or the many amenities the Currituck Club has to offer. Move in and relax, this well maintained home is ready for you!

Last Agent to Sell the Property

Denise Schmitt

Corolla Beach Realty License #304519 Listed on: 10/30/2020

Co-Listed By

Sandra LaRue

Corolla Beach Realty License #244093

Last Buyer's Agent

Denise Schmitt

Corolla Beach Realty License #304519 Listed on: 10/30/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,380

Year Built

  • Built in 1998

Lot Details

  • Property fronts a private road
  • Level Lot
  • Sprinkler System
  • Wooded Lot

HOA Fees

  • $467 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 1,730 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Laminate Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Off-Street Parking

Pool

  • In Ground Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Covered Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Fuel Tank
  • Private Sewer

Listing and Financial Details

  • Tax Lot 59

Community Details

Overview

  • Association fees include common electric, common insurance, grounds maintenance, management, road maintenance, security, tennis courts, walkways
  • Heidi Corsello/Craig Attwater Association, Phone Number (252) 453-4011
  • Tcc Magnolia Bay Subdivision

Recreation

  • Community Beach Access
  • Health Club
  • Tennis Courts
  • Community Playground
  • Community Pool
  • Park

Additional Features

  • Common Area
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,380

Year Built

Built in 1998

Lot Details

5,663 Sq Ft Lot

HOA Fees

$467 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: Rt 12 to Currituck Club house Drive. Through main gate for the Currituck Club. Left on Hunt Club Drive. Right onto Meadow Lane.
  • Extras: Ceiling Fan(s), Covered Decks, Hot Tub, Jet Tub, Lawn Sprinklers, Outside Shower, Smoke Detector(s), Inside Laundry Room
  • Headline: Magnolia Bay Charmer
  • Heated Sq Ft: 1730
  • L V T Date: 10/30/2020
  • Roads: Private
  • Sale/Rent: For Sale
  • Zoning: Res
  • Advertised Income 2020: 25450
  • Deed Book Pg Number: 184
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: The Currituck Club
  • Newpoint Media: Yes
  • Office License Number: C18834
  • 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, Washer
  • Bedrooms: 3
  • Countertops: Granite, Laminate
  • Electronic Locks: Owned
  • Floor Coverings: Carpet, Ceramic Tile
  • Foundation: Piling
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Gas Fireplace, Ensuite, Pantry
  • Partial Bathrooms: 1

Exterior Features

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

Garage/Parking

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

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Forced Air, Heat Pump
  • Fuel Tanks: Leased
  • Septic Fee: 508
  • Sewer/Septic System: Private Sewer
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Grounds Maintenance, Management, Road Maintenance, Security, Tennis Courts, Walkways
  • Association Amenities: Gated Community, Health Club, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Park, Playground, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 5600
  • Hoa Contact: Heidi Corsello/Craig Attwater
  • HOA Contact: 252-453-4011/610-283-2518
  • Home Owner Dwelling Insurance: 3000

Lot Info

  • Lot Description: Level, Wooded
  • Lot Number: Lot 59
  • Deed Book: 1476

Rental Info

  • Poolspa Expense: 2700
  • Rental Co: Paramount Destinations
  • Rental Cottage Name: Solmate
  • Rental Cottage Number: MB59
  • Rental Phone Number: 252-453-3045
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Estimated
  • Annual Cable TV Expense: 2000
  • Annual Electric: 3000
  • Annual Water Expense: 1000
  • Rental Contact Name: Lorena Godley
  • Rental Contact Phone: 252-453-3045

Building Info

  • Year Built: 1998

Tax Info

  • Year: 2020
  • Taxes: 1379.52

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2020
Closed on
Feb 5, 2021
Sold by
Newman Samuel E and Rehberg Mary K
Bought by
Kraus Marilyn F and Kraus Walter R
Seller's Agent
Denise Schmitt
Corolla Beach Realty
Buyer's Agent
Denise Schmitt
Corolla Beach Realty
List Price
$427,000
Sold Price
$415,000
Premium/Discount to List
-$12,000
-2.81%
Current Estimated Value
$631,249

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,249
Avg. Annual Appreciation
8.62%

Purchase Details

Listed on
Jan 30, 2019
Closed on
Mar 18, 2019
Sold by
Faiferlick Christopher J and Faiferlick Lynn
Bought by
Newman Samuel E and Rehberg Mary
Seller's Agent
Robert Godley
Kitty Hawk Land Company
Buyer's Agent
Denise Schmitt
Corolla Beach Realty
List Price
$299,900
Sold Price
$299,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.64%
Original Mortgage
$289,890
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 2014
Sold by
Faiferlick Christopher L and Faiferlick Lynn
Bought by
Faiferlick Christopher J and Faiferlick Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,949
Interest Rate
4.16%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Kraus Marilyn F $415,000 None Available
Newman Samuel E $300,000 None Available
Faiferlick Christopher J -- Linear Title & Closing
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Newman Samuel E $289,890
Previous Owner Faiferlick Christopher J $166,949
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/11/2021 02/11/21 Sold $415,000 -2.8% $240 / Sq Ft
01/07/2021 01/07/21 Pending -- -- --
11/13/2020 11/13/20 For Sale $427,000 0.0% $247 / Sq Ft
11/04/2020 11/04/20 Pending -- -- --
10/30/2020 10/30/20 For Sale $427,000 +42.4% $247 / Sq Ft
03/21/2019 03/21/19 Sold $299,900 0.0% $176 / Sq Ft View Prior Sale
02/01/2019 02/01/19 Pending -- -- --
01/30/2019 01/30/19 For Sale $299,900 -- $176 / Sq Ft
Source: Outer Banks Association of REALTORS®

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
2025 $2,906 $346,200 $88,000 $258,200
2024 $2,906 $346,200 $88,000 $258,200
2023 $2,597 $346,200 $88,000 $258,200
2022 $2,202 $346,200 $88,000 $258,200
2021 $2,187 $287,400 $80,000 $207,400
2020 $1,793 $287,400 $80,000 $207,400
2019 $1,793 $287,400 $80,000 $207,400
2018 $0 $287,400 $80,000 $207,400
2017 $1,630 $287,400 $80,000 $207,400
2016 $1,630 $287,400 $80,000 $207,400
2015 $1,630 $287,400 $80,000 $207,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 111672

Outer Banks Association of REALTORS®

APN: 127D-000-0059-0000

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