NOT LISTED FOR SALE

512 Meadow Ln Corolla, NC 27927

Estimated Value: $625,945 - $792,000

3 Beds
2.5 Baths
1,800 Sq Ft
$387/Sq Ft Est. Value

Last Sold September 15, 2020

Last sale price $380,000 $211 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $4,311/month

137 Days on Market

Highlights

  • Community Beach Access
  • Golf Course Community
  • Gated Community
  • Health Club
  • In Ground Pool
  • Clubhouse

About This Home

As of September 2020

Beautiful Pristine Well Maintained Magnolia Bay Home! This is the home that you have been waiting for. An abundance of Quality Updating sets this home above the other homes - updates include Saltwater Pool, 2020 Pool Heater/Pool Cooler, Hot Springs Spa Hot Tub, Hardwood Floors, Granite Counter Tops, Beautiful Tiled Master Bath Shower, Stainless Steel Appliances, HVAC and Hot Water Heater less than 8 years old, exterior and interior recently painted, Screened Porch, and Invisible fence. Traditional floor plan with kitchen, dining room, living room, laundry room and half bath on first floor! Enjoy the many decks for outdoor living and relax at the Pool and Hot Tub. Additionally there is a Loft Area on the second floor that can used as an office. This Home has been a primary home. Lots of Light in this home with cathedral ceilings and perfectly placed windows. Large lovely Master Bedroom & Bath with Jetted Tub and Tiled Shower. Huge Walk In Closet. This home is situated in a quiet private setting. Landscapping and yard maintenance are included in the Association Dues. So just sit back and enjoy your family, the beach and/or golf. The best, is that this home is located in Magnolia Bay at the south end of The Currituck Club and is less than a 15 minute walk to the beach (or 5 minute golf cart ride to the beach) and less than a 5 minute walk to the community pool and tennis courts. Just steps to the Trolley stop that will take you and your family to the beach during in season at no charge. The Currituck Club is one of the few gated communities in Corolla, and offers exclusivity and an extra element of safety and security. Additionally, the Currituck Club is a prestigious neighborhood in Corolla and is the home to the Premier Reese Jones 18 hole Championship Golf Course with gorgeous landscaping and lots of amenities such as: Fitness Center, Pro Shop, full service Grill, 5 community Pools, 7 Tennis Courts, Basketball courts, Volley Ball, Shuffleboard, Playground, Gated Community, Lighted Pedestrian walkways & Bike Paths, plus In Season Shuttle to the Beach. This is a beautiful well maintained home with many upgrades and a 15 minute walk to the beach. If you are looking for a well maintained beach home with many upgrades, a garage, and located in a quiet gorgeous neighborhood with quick walk to the beach, then this is the home for you. Come by and take a look!

Last Agent to Sell the Property

Sandra LaRue

Corolla Beach Realty License #244093 Listed on: 03/01/2020

Co-Listed By

Daniel LaRue

Corolla Beach Realty License #257370

Last Buyer's Agent

Denise Schmitt

Corolla Beach Realty License #304519

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,957

Year Built

  • Built in 1998

Lot Details

  • Lot Dimensions are 65x90
  • Property fronts a private road
  • Landscaped
  • Level Lot
  • Sprinkler System

HOA Fees

  • $475 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Cottage
  • Frame Construction
  • Asphalt Shingled Roof
  • Cement Board or Planked

Interior Spaces

  • 1,800 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Gas Fireplace
  • Entrance Foyer
  • Loft
  • Screened Porch

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Off-Street Parking

Pool

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

Outdoor Features

  • Covered Deck

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District for Water and Sewer

Listing and Financial Details

  • Tax Lot 58

Community Details

Overview

  • Association fees include grounds maintenance, management, pool, road maintenance, security, tennis courts, walkways
  • Heidi Corsello Association, Phone Number (252) 453-4011
  • 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

$1,957

Year Built

Built in 1998

Lot Details

0

HOA Fees

$475 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Traditional, Cottage
  • Directions: North on 12 to Main Entrance; Left on Hunt Club and Right on Meadow Lane. House on Right.
  • Extras: Beach Access, Curbs, Covered Decks, Hot Tub, Jet Tub, Landscaped, Lawn Sprinklers, Outside Shower, Screened Porch
  • Flood Zone: X
  • Subdivision Name: TCC - Magnolia Bay
  • Headline: Pristine Updated Pool
  • Heated Sq Ft: 1800
  • L V T Date: 03/01/2020
  • Primary Residence: Yes
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Zoning: Res
  • Deed Book Pg Number: 11
  • 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
  • Floor Coverings: Carpet, Tile, Hardwood
  • Foundation: Short Pilings
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Gas Connection, Gas Fireplace, Ensuite, Walk in Closet
  • Optional Rooms: Foyer, Loft
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: In Ground, Fiberglass, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 65

Garage/Parking

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

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Heat Pump
  • Sewer/Septic System: Municipal Sewer
  • 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: 5700
  • Hoa Contact: Heidi Corsello
  • HOA Contact: 252.453.4011
  • Home Owner Dwelling Insurance: 1185

Lot Info

  • Lot Description: Level
  • Lot Size: 65x90
  • Lot Number: Lot 58
  • Deed Book: 1016

Rental Info

  • Flood Expenses: 534
  • Yearly Expense Actual Estimate: Actual
  • Annual Water Expense: 689

Building Info

  • Year Built: 1998

Tax Info

  • Year: 2019
  • Taxes: 1957

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2020
Closed on
Sep 11, 2020
Sold by
Ray Michael S and Ray Tracie L
Bought by
Ryan Shawn and Ryan Lisa
Seller's Agent
Sandra LaRue
Corolla Beach Realty
Buyer's Agent
Denise Schmitt
Corolla Beach Realty
List Price
$399,000
Sold Price
$380,000
Premium/Discount to List
-$19,000
-4.76%
Current Estimated Value
$687,395

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$307,395
Avg. Annual Appreciation
11.95%
Original Mortgage
$304,000
Outstanding Balance
$268,036
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$427,946
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ryan Shawn $626,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ryan Shawn $304,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2020 09/15/20 Sold $380,000 -2.6% $211 / Sq Ft
07/16/2020 07/16/20 Pending -- -- --
07/10/2020 07/10/20 Price Changed $390,000 -2.3% $217 / Sq Ft
03/01/2020 03/01/20 For Sale $399,000 -- $222 / 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 $3,157 $380,800 $88,000 $292,800
2024 $3,157 $380,800 $88,000 $292,800
2023 $2,816 $380,800 $88,000 $292,800
2022 $2,381 $380,800 $88,000 $292,800
2021 $2,366 $317,600 $80,000 $237,600
2020 $1,956 $317,600 $80,000 $237,600
2019 $1,956 $317,600 $80,000 $237,600
2018 $1,956 $317,600 $80,000 $237,600
2017 $1,777 $317,600 $80,000 $237,600
2016 $1,777 $317,600 $80,000 $237,600
2015 $1,777 $317,600 $80,000 $237,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 108535

Outer Banks Association of REALTORS®

APN: 127D-000-0058-0000