532 Magnolia Way Corolla, NC 27927
Corolla NeighborhoodEstimated Value: $632,000 - $1,348,000
3
Beds
2.5
Baths
1,831
Sq Ft
$456/Sq Ft
Est. Value
Highlights
- Community Beach Access
- Health Club
- In Ground Pool
- Views of a Sound
- Golf Course Community
- Gated Community
About This Home
As of March 2022This is the Magnolia Bay home you have been waiting for! This second home offers 3 bedrooms, 2.5 bathrooms and a private pool. The upper level features a comfortable family room/ dining room combination flanked by natural light from the wall of windows and sliders leading to the back deck with sound views. An efficient kitchen with breakfast bar seating, a laundry area, and a convenient half bath are also on this level. Just a few steps down and you are in the large primary en suite bedroom with private deck- the perfect spot for morning coffee. The spacious private en suite bathroom features a double vanity, jet tub and separate walk-in shower. Another few steps to the lower-level lead to two more spacious, well-lit bedrooms which share a full hall bath. Additionally, there is a spacious pool area with an outside shower and a one car garage which can be used for overflow activities or to store all your favorite beach gear. Located within walking distance to one of the many community pools, this property also offers other TCC amenities such as health club, tennis courts, basketball, playground, and trolley service to and from the beach. This sought-after premiere gated community is close to shopping, restaurants, and Corolla attractions. A golf membership at the renowned Rees Jones designed Currituck Club golf course is also available. Enjoy the sunsets over the sound with friends and family or use as a vacation rental investment. Don’t let the opportunity to see this gem pass by!
Last Agent to Sell the Property
Keller Williams - Outer Banks License #218707 Listed on: 01/31/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,153
Year Built
- Built in 1996
Lot Details
- 5,400 Sq Ft Lot
- Property fronts a private road
- Cul-De-Sac
- Landscaped
- Level Lot
- Sprinkler System
- Wooded Lot
- Property is zoned SFO
HOA Fees
- $477 Monthly HOA Fees
Home Design
- Coastal Architecture
- Contemporary Architecture
- Frame Construction
- Asphalt Shingled Roof
- Lap Siding
Interior Spaces
- 1,831 Sq Ft Home
- Furnished
- Cathedral Ceiling
- Ceiling Fan
- Gas Fireplace
- Window Treatments
- Entrance Foyer
- Family Room
- Living Room
- Dining Room
- Views of a Sound
Kitchen
- Oven or Range
- Microwave
- Ice Maker
- Dishwasher
- Laminate Countertops
Flooring
- Carpet
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- Main Floor Bedroom
- 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
- Outdoor Shower
Outdoor Features
- Sun Deck
- Covered Deck
- Exterior Lighting
Utilities
- Heat Pump System
- Municipal Utilities District for Water and Sewer
Listing and Financial Details
- Tax Lot #16
Community Details
Overview
- Association fees include common electric, common insurance, grounds maintenance, management, pool, road maintenance, security, tennis courts, walkways
- Heidi Corsello Association, Phone Number (252) 453-4011
- Tcc Magnolia Bay Subdivision
Amenities
- Common Area
- Clubhouse
Recreation
- Community Beach Access
- Golf Course Community
- Health Club
- Tennis Courts
- Community Playground
- Community Pool
Security
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 31, 2022
Closed on
Mar 9, 2022
Sold by
Dale Cannady A and Dale Linda T
Bought by
Johnson Dillon Anthony and Bannon Katelynn
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Trisha Midgett
Midgett Realty - Rodanthe
List Price
$550,000
Sold Price
$577,000
Premium/Discount to List
$27,000
4.91%
Total Days on Market
4
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$258,315
Avg. Annual Appreciation
12.22%
Original Mortgage
$457,000
Outstanding Balance
$429,318
Interest Rate
3.76%
Mortgage Type
New Conventional
Estimated Equity
$405,997
Purchase Details
Closed on
Jul 28, 2017
Sold by
Cannady Linda T
Bought by
Cannady Cannady A and Cannady Linda T
Purchase Details
Closed on
May 23, 2002
Bought by
Cannady Linda T
Similar Homes in Corolla, NC
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Johnson Dillon Anthony | $2,885,000 | Sharp Starkey | |
| Cannady Cannady A | -- | Attorney | |
| Cannady Linda T | $285,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Johnson Dillon | $0 | |
| Open | Johnson Dillon Anthony | $457,000 | |
| Previous Owner | Cannady A Dale | $129,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/23/2022 03/23/22 | Sold | $577,000 | +4.9% | $315 / Sq Ft |
| 02/04/2022 02/04/22 | Pending | -- | -- | -- |
| 01/31/2022 01/31/22 | For Sale | $550,000 | -- | $300 / 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 | $2,845 | $339,700 | $88,000 | $251,700 |
| 2023 | $2,845 | $339,700 | $88,000 | $251,700 |
| 2022 | $2,168 | $339,700 | $88,000 | $251,700 |
| 2021 | $2,153 | $296,700 | $80,000 | $216,700 |
| 2020 | $1,843 | $296,700 | $80,000 | $216,700 |
| 2019 | $1,843 | $296,700 | $80,000 | $216,700 |
| 2018 | $0 | $296,700 | $80,000 | $216,700 |
| 2017 | $1,674 | $296,700 | $80,000 | $216,700 |
| 2016 | $1,674 | $296,700 | $80,000 | $216,700 |
| 2015 | $1,674 | $296,700 | $80,000 | $216,700 |
Source: Public Records
Agents Affiliated with this Home
-
Matt Myatt
Seller's Agent in 2022
Matt Myatt
Keller Williams - Outer Banks
(252) 207-6588
236 in this area
462 Total Sales
-
Terry Blocher
T
Seller Co-Listing Agent in 2022
Terry Blocher
Keller Williams - Outer Banks
(252) 457-1906
157 in this area
245 Total Sales
-
Trisha Midgett
Buyer's Agent in 2022
Trisha Midgett
Midgett Realty - Rodanthe
(252) 996-0124
41 in this area
1,308 Total Sales
-
John Mills
J
Buyer Co-Listing Agent in 2022
John Mills
Midgett Realty - Rodanthe
(252) 489-3215
3 in this area
224 Total Sales
Map
Source: Outer Banks Association of REALTORS®
MLS Number: 117481
APN: 127D-000-0016-0000
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