NOT LISTED FOR SALE

Estimated Value: $531,000 - $650,000

3 Beds
2.5 Baths
1,740 Sq Ft
$340/Sq Ft Est. Value

Last Sold April 04, 2017

Last sale price $280,000 $161 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $3,843/month

674 Days on Market

Highlights

  • Community Beach Access
  • Golf Course Community
  • Gated Community
  • Health Club
  • Outdoor Pool
  • Clubhouse

About This Home

As of April 2017

This Beautiful Spacious well maintained Home is located in the lovely Magnolia Bay on a corner lot in a quiet cul de sac. Exterior just Painted in 2016. Price Just Reduced! Best deal in Magnolia Bay! Common areas on both sides of this lot provide much privacy. Sellers love that they are located in the south end of The Currituck Club and have a very quick walk to the gorgeous wide beach in Corolla. Sellers enjoy the gated community and the in season Trolley to the Beach access. This home is located just a few steps to the Magnolia Bay community pool and tennis courts. Perfect to relax in the gazebo on the front porch or the hot tub in the back yard. No yard work, as the Magnolia Bay Association takes care of the landscaping. Magnolia Bay is part of The Currituck Club. The Currituck Club is a very prestigious neighborhood in Corolla and is the home of the premier 18 hole Championship Reese Jones Golf Course. The Golf Club House has a Pro Shop and full service Grill. TCC has 5 outdoor pools with kiddie pools and bath houses, 7 tennis courts, Fitness Center, basketball court, Volley Ball, Shuffle Board, Playground, Gated Entrance, security, lighted pedestrian walking/jogging paths and free in season shuttle to the Beach. This home is ready for you to purchase,relax, enjoy the beach and the beautiful serene neighborhood. Great Price and Excellent opportunity to buy your beach home.

Last Agent to Sell the Property

Daniel LaRue

Corolla Beach Realty License #257370 Listed on: 04/20/2015

Co-Listed By

Sandra LaRue

Corolla Beach Realty License #244093

Last Buyer's Agent

Daniel LaRue

Corolla Beach Realty License #257370 Listed on: 04/20/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,589

Year Built

  • Built in 1998

Lot Details

  • Property fronts a private road
  • Cul-De-Sac
  • Landscaped
  • Corner Lot
  • 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

  • 1,740 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Fire and Smoke Detector
  • Stacked Washer and Dryer

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Parking

  • Garage
  • Carport
  • Garage Door Opener

Pool

  • Outdoor Pool
  • Outdoor Shower
  • Spa

Outdoor Features

  • Sun Deck
  • Covered Deck

Utilities

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

Listing and Financial Details

  • Tax Lot lot 56

Community Details

Overview

  • Association fees include grounds maintenance, management, pool, road maintenance, security, tennis courts, walkways
  • Alicescraftgallery@Gmail.Com Association
  • Tcc Magnolia Bay Subdivision

Recreation

  • Community Boardwalk
  • 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

$1,589

Year Built

Built in 1998

Lot Details

0

HOA Fees

$472 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: Rt 12 North to TCC, Main Entrance, Lft on Hunt Club Dr., Rt on Meadow Ln, stay Rt. on Oak View, on left
  • Extras: Beach Access, Boardwalk to Beach, Ceiling Fan(s), Covered Decks, Garage Door Opener, Hot Tub, Jet Tub, Landscaped, Lawn Sprinklers, Outside Shower, Smoke Detector(s), Sun Deck
  • Flood Zone: AE
  • Headline: Exterior Painted/Great Price!
  • Heated Sq Ft: 1740
  • Roads: Private
  • Sale/Rent: For Sale
  • Zoning: Residentia
  • Deed Book Pg Number: 349
  • Major Subdivision: The Currituck Club
  • Office License Number: C18834
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Range/Oven, Refrigerator w/Ice Maker, Stackable Washer/Dryer
  • Bedrooms: 3
  • Floor Coverings: Carpet, Tile
  • Foundation: Piling, Slab
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Walk in Closet, Washer Connection
  • Optional Rooms: Foyer
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Association
  • Pool Type: Association Pool
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Garage: 1 Car, Attached

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: 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: 5663
  • Hoa Contact: alicescraftgallery@gmail.com
  • Home Owner Dwelling Insurance: 3481

Lot Info

  • Lot Description: Corner, Cul-de-sac, Level
  • Lot Number: lot 56
  • Deed Book: 1223

Rental Info

  • Est Annual Rental Income: 23073
  • Estimated Rental Performance: 0.0824
  • Flood Expenses: 1443
  • Rental Co: Paramount Destinations
  • Rental Cottage Name: Katy's Place
  • Rental Cottage Number: 56
  • Rental Phone Number: 866 753 3045
  • Rental Turnover Day: Sunday
  • Yearly Expense Actual Estimate: Estimated

Building Info

  • Year Built: 1998

Tax Info

  • Year: 2016
  • Taxes: 1589

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 15, 2020
Sold by
Ward Lynette M
Bought by
Kraus Laura Ann and Kraus Robert T
Current Estimated Value
$591,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Outstanding Balance
$280,444
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$310,690

Purchase Details

Listed on
Apr 20, 2015
Closed on
Mar 26, 2017
Sold by
Forsyth Andrew D and Rathbone Elizabdi A
Bought by
Ward Lynette M
Seller's Agent
Daniel LaRue
Corolla Beach Realty
Buyer's Agent
Daniel LaRue
Corolla Beach Realty
List Price
$329,000
Sold Price
$280,000
Premium/Discount to List
-$49,000
-14.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.19%
Original Mortgage
$224,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 10, 2012
Closed on
Nov 2, 2012
Sold by
Gorkowski John P and Gorkowski Rosanne T
Bought by
Forsyth Andrew D and Rachbone Elizabeth A
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Cory Taylor
Southern Shores Realty
List Price
$339,900
Sold Price
$305,000
Premium/Discount to List
-$34,900
-10.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.92%
Original Mortgage
$244,000
Interest Rate
3.53%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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 Laura Ann $350,000 None Available
Ward Lynette M $1,400,000 Attorney
Forsyth Andrew D $305,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kraus Laura Ann $315,000
Previous Owner Ward Lynette M $224,000
Previous Owner Forsyth Andrew D $244,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2017 04/04/17 Sold $280,000 -14.9% $161 / Sq Ft
02/22/2017 02/22/17 Pending -- -- --
04/20/2015 04/20/15 For Sale $329,000 +7.9% $189 / Sq Ft
11/02/2012 11/02/12 Sold $305,000 -10.3% $175 / Sq Ft
09/26/2012 09/26/12 Pending -- -- --
06/10/2012 06/10/12 For Sale $339,900 -- $195 / 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 $2,847 $326,300 $88,000 $238,300
2023 $2,847 $326,300 $88,000 $238,300
2022 $2,170 $326,300 $88,000 $238,300
2021 $2,155 $269,400 $80,000 $189,400
2020 $1,751 $269,400 $80,000 $189,400
2019 $1,751 $269,400 $80,000 $189,400
2018 $1,748 $269,400 $80,000 $189,400
2017 $1,593 $269,400 $80,000 $189,400
2016 $1,589 $269,400 $80,000 $189,400
2015 $1,543 $269,400 $80,000 $189,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 87743

Outer Banks Association of REALTORS®

APN: 127D-000-0056-0000