NOT LISTED FOR SALE

533 Magnolia Way Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $646,578 - $727,000

3 Beds
2.5 Baths
1,911 Sq Ft
$351/Sq Ft Est. Value

Last Sold June 05, 2023

Last sale price $575,000 $301 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $4,434/month

6 Days on Market

Highlights

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

About This Home

As of June 2023

This stunning and well maintained home is located in the desirable Magnolia Bay section of The Currituck Club. BOASTING RENTAL INCOME OVER $39,000 this home is an EXCELENT INVESTMENT PROPERTY, primary home or second home. With 3 bedrooms and 2.5 bathrooms, the home features VAULTED CEILINGS, HARDWOOD and TILE FLOORS, and an inviting OPEN CONCEPT that encompasses the main level. A CHARMING FIREPLACE adds coziness to the great room, while the kitchen boasts elegant GRANITE COUNTERTOPS and a convenient pantry. A half bath, laundry closet complete the main floor. An ATTACHED GARAGE provides DRY ENTRY and ample storage for all your beach toys. Upstairs, the spacious master suite includes a TILE SHOWER and a separate tub for added relaxation. Two more spacous bedrooms and another full bathroom are located on this level, along with a loft area overlooking the great room below. The exterior of the home is equally impressive, offering multiple gathering spaces such as a gazebo on the front porch, a SCREEN PORCH and a PAVER PATIO with a HOT TUB. The Magnolia Bay HOA takes care of landscaping and yard maintenance, adding to the ease of ownership. The location is prime, with convenient access to one of the three community pools, a nearby beach, and a trolley stop for in-season use. The Currituck Club is a premier community in Corolla, featuring an array of amenities including tennis, Bocce ball, basketball, shuffleboard, and volleyball courts, as well as a clubhouse, fitness center, playground, and sidewalks. Residents can also enjoy a semi-private golf course with additional fees. Copy and paste link for a 3-D virtual tour. https://my.matterport.com/show/?m=dFMApzHmnwX&play=1&brand=0&mls=1&

Last Agent to Sell the Property

Tammy Russell

Keller Williams - Outer Banks License #152164 Listed on: 04/27/2023

Keller Williams - Outer Banks

Last Buyer's Agent

Matt Myatt

Keller Williams - Outer Banks License #218707

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,380

Year Built

  • Built in 1996

Lot Details

  • Property fronts a private road
  • Landscaped
  • Level Lot
  • Property is zoned SFO

HOA Fees

  • $508 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Cement Board or Planked

Interior Spaces

  • 1,911 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Loft
  • Screened Porch
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Garage
  • Garage Door Opener
  • Off-Street Parking

Pool

  • Concrete Pool
  • In Ground Pool
  • Spa

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Patio

Utilities

  • Heat Pump System
  • Fuel Tank
  • Municipal Utilities District for Water and Sewer

Listing and Financial Details

  • Tax Lot lot 41

Community Details

Overview

  • Association fees include 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
  • Park

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,380

Year Built

Built in 1996

Lot Details

0

HOA Fees

$508 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Extras: Ceiling Fan(s), Covered Decks, Garage Door Opener, Hot Tub, Landscaped, Patio, Screened Porch, Smoke Detector(s), Sun Deck, Dry Entry, Inside Laundry Room
  • Flood Zone: X
  • Headline: WELL MAINTAINED!
  • Heated Sq Ft: 1911
  • L V T Date: 04/27/2023
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Zoning: SFO
  • Advertised Income 2021: 39247
  • Deed Book Pg Number: 507
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: The Currituck Club
  • Newpoint Media: Yes
  • Office License Number: C30917
  • 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, Solid Surface
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Tile, Vinyl, Wood
  • Foundation: Short Pilings
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ensuite, Pantry, Walk in Closet, Washer Connection
  • Optional Rooms: Foyer, Loft, Pantry
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Lap Siding, Cement Fiber Board
  • Pool: Yes
  • Pool: Association
  • Pool Type: Outdoor, In Ground, Concrete, Association Pool
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

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

Utilities

  • Cooling: Heat Pump
  • Heating: Electric, Heat Pump
  • Fuel Tanks: Leased
  • Sewer/Septic System: Municipal Sewer
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Common Insurance, 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, Park, Playground, Common Area
  • Association Fee: Yes
  • Estimated Annual Fee: 6100
  • Hoa Contact: Heidi Corsello
  • HOA Contact: 252-453-4011

Lot Info

  • Lot Description: Level
  • Lot Number: lot 41
  • Deed Book: 1652

Rental Info

  • Est Annual Rental Income: 39247
  • Estimated Rental Performance: 0.0683
  • Lease Terms: Weekly
  • Poolspa Expense: 2100
  • Rental Co: Paramount Destinations
  • Rental Cottage Name: Mystic Sisters
  • Rental Cottage Number: MB41
  • Rental Turnover Day: Sunday
  • Annual Cable TV Expense: 1200
  • Annual Electric: 1200
  • Rental Contact Email: newpm@paramountdestinations.com
  • Rental Contact Name: Lorena Godley
  • Rental Contact Phone: 252-453-3045

Building Info

  • Year Built: 1996

Tax Info

  • Year: 2022
  • Taxes: 2380.12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2023
Closed on
May 18, 2023
Sold by
Krug Susan M
Bought by
Hopkins Scott R and Hopkins Jennifer L
Seller's Agent
Tammy Russell
Keller Williams - Outer Banks
Buyer's Agent
Matt Myatt
Keller Williams - Outer Banks
List Price
$600,000
Sold Price
$575,000
Premium/Discount to List
-$25,000
-4.17%
Views
42
Current Estimated Value
$670,895

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,895
Avg. Annual Appreciation
7.26%
Original Mortgage
$402,500
Outstanding Balance
$393,848
Interest Rate
6.39%
Mortgage Type
Construction
Estimated Equity
$277,047

Purchase Details

Listed on
Aug 2, 2021
Closed on
Sep 16, 2021
Sold by
Moore David M and Moore Joan Ann
Bought by
Krug Susan M
Seller's Agent
Denice Tappero
Coldwell Banker Seaside Realty KH
Buyer's Agent
Tammy Russell
Keller Williams - Outer Banks
List Price
$439,900
Sold Price
$446,000
Premium/Discount to List
$6,100
1.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.12%
Original Mortgage
$356,800
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 2, 2021
Closed on
Aug 13, 2021
Sold by
Moore David M and Moore Joan A
Bought by
Moore David M and Moore Joan Ann
Seller's Agent
Denice Tappero
Coldwell Banker Seaside Realty KH
Buyer's Agent
Tammy Russell
Keller Williams - Outer Banks
List Price
$439,900
Sold Price
$446,000
Premium/Discount to List
$6,100
1.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,800
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2020
Sold by
Moore David M and Moore Joan Ann
Bought by
Moore David M and Moore Joan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,800
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 13, 2020
Closed on
Nov 2, 2020
Sold by
Colombell Ann E
Bought by
Moore David M and Moore Joan A
Seller's Agent
David Weybright
Coastal Outer Banks Realty
Buyer's Agent
Denice Tappero
Coldwell Banker Seaside Realty KH
List Price
$424,000
Sold Price
$426,000
Premium/Discount to List
$2,000
0.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.92%
Original Mortgage
$340,800
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 1997
Bought by
Echols Judith A and Colombell Ann E
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
Hopkins Scott R $3,450,000 None Listed On Document
Krug Susan M $446,000 None Available
Moore David M -- None Available
Moore David M -- None Available
Moore David M $426,000 None Available
Echols Judith A $229,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hopkins Scott R $402,500
Previous Owner Krug Susan M $356,800
Previous Owner Moore David M $340,800
Previous Owner Echols Judith A $333,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2023 06/05/23 Sold $575,000 -4.2% $301 / Sq Ft
05/03/2023 05/03/23 Pending -- -- --
04/27/2023 04/27/23 For Sale $600,000 +34.5% $314 / Sq Ft
09/23/2021 09/23/21 Sold $446,000 +1.4% $233 / Sq Ft
08/08/2021 08/08/21 Pending -- -- --
08/02/2021 08/02/21 For Sale $439,900 +3.3% $230 / Sq Ft
10/27/2020 10/27/20 Sold $426,000 +0.5% $218 / Sq Ft
09/01/2020 09/01/20 Pending -- -- --
08/13/2020 08/13/20 For Sale $424,000 -- $217 / 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 $3,238 $381,200 $88,000 $293,200
2023 $3,238 $381,200 $88,000 $293,200
2022 $2,380 $381,200 $88,000 $293,200
2021 $0 $300,200 $80,000 $220,200
2020 $1,864 $300,200 $80,000 $220,200
2019 $1,864 $300,200 $80,000 $220,200
2018 $1,861 $300,200 $80,000 $220,200
2017 $1,691 $300,200 $80,000 $220,200
2016 $1,691 $300,200 $80,000 $220,200
2015 $1,691 $300,200 $80,000 $220,200
Source: Public Records

Agents Affiliated with this Home

  • Tammy Russell

    Seller's Agent in 2023

    Tammy Russell

    Keller Williams - Outer Banks

    (252) 489-8054

    29 in this area

    153 Total Sales

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  • Matt Myatt

    Buyer's Agent in 2023

    Matt Myatt

    Keller Williams - Outer Banks

    (252) 207-6588

    216 in this area

    440 Total Sales

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  • Allysa Miller

    Buyer Co-Listing Agent in 2023

    Allysa Miller

    Keller Williams - Outer Banks

    (252) 489-7342

    26 in this area

    78 Total Sales

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  • Denice Tappero

    Seller's Agent in 2021

    Denice Tappero

    Coldwell Banker Seaside Realty KH

    (252) 256-1859

    6 in this area

    18 Total Sales

    Section Image
  • David Weybright

    Seller's Agent in 2020

    David Weybright

    Coastal Outer Banks Realty

    (252) 305-2400

    15 in this area

    79 Total Sales

    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 122082

Outer Banks Association of REALTORS®

APN: 127D-000-0041-0000

North Carolina Currituck County Corolla 27927 Corolla

533 Magnolia Way, Corolla, NC

This home is located at 533 Magnolia Way, Corolla, NC 27927 since 27 April 2023 and is currently estimated at $670,895, approximately $351 per square foot. This property was built in 1996. 533 Magnolia Way is a home located in Currituck County with nearby schools including Knotts Island Elementary School, Currituck County Middle School, and Currituck County High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Outer Banks Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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