NOT LISTED FOR SALE

538 Magnolia Way Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $705,126 - $769,000

4 Beds
3.5 Baths
2,458 Sq Ft
$299/Sq Ft Est. Value

Last Sold April 25, 2016

Last sale price $337,000 $137 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $4,640/month

262 Days on Market

Highlights

  • Community Beach Access
  • Gated Community
  • Cathedral Ceiling
  • Fiberglass Pool
  • Coastal Architecture
  • Furnished

About This Home

As of April 2016

This 4-bedroom beach/golf home is fun and privacy rolled into one! At the southern end of The Currituck Club, walk to shops, eateries, tennis courts and the private community beach access. You're close to it all! Or stay home to enjoy an afternoon on one of the generous decks- in shade or sun. Take a dip in one of Magnolia Bay's largest pool: 13 x 30 or soak in the hot tub. Other amenities include outdoor speakers, pool-side mini fridge, outdoor shower, garage, fireplace and jetted bathtub. Upgrades include granite counters in kitchen, tile in the bathrooms, kitchen and foyer, granite vanity tops in all the bathrooms, granite surround in master bath and new queen beds. In this beautiful beach home, pride of ownership shows! Recent improvements include some new Pella sliders and windows, new wall-to-wall carpet, new tiled bathroom floors and new flat screened TVs!

Last Agent to Sell the Property

Sarah Spencer

Keller Williams - Outer Banks License #185795 Listed on: 06/01/2015

Keller Williams - Outer Banks

Last Buyer's Agent

James Forrest

Southern Shores Realty License #37067

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,988

Year Built

  • Built in 1997

Lot Details

  • 5,400 Sq Ft Lot
  • Lot Dimensions are 60 x 90
  • Property fronts a private road
  • Cul-De-Sac
  • Landscaped
  • Sprinkler System

HOA Fees

  • $457 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 2,458 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Entrance Foyer

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport

Pool

  • Fiberglass Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Covered Deck

Utilities

  • Heat Pump System
  • Municipal Utilities District Water
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot 13

Community Details

Overview

  • Association fees include common insurance, grounds maintenance, management, pool, road maintenance, security, tennis courts
  • Built by Mancuso
  • Tcc Magnolia Bay Subdivision

Recreation

  • Community Beach Access
  • Tennis Courts
  • Community Playground
  • Community Pool

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,988

Year Built

Built in 1997

Lot Details

0

HOA Fees

$457 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Turn into the main entrance of the The Club, left onto Hunt Club, right onto Magnolia Way. House on Right.
  • Extras: Ceiling Fan(s), Covered Decks, Hot Tub, Landscaped, Lawn Sprinklers, Outside Shower
  • Flood Zone: AE
  • Heated Sq Ft: 2458
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Zoning: R
  • Deed Book Pg Number: 40
  • Major Subdivision: The Currituck Club
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 4
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile
  • Foundation: Piling, Slab
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Gas Fireplace
  • Optional Rooms: Foyer
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: Mancuso
  • Construction: Frame
  • Exterior: Lap Siding, Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, Fiberglass, Private Pool
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Garage: 1 Car, Attached

Utilities

  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Sewer/Septic System: Community Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Common Insurance, Grounds Maintenance, Management, Pool, Road Maintenance, Security, Tennis Courts
  • Association Amenities: Gated Community, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground
  • Association Fee: Yes
  • Estimated Annual Fee: 5481

Lot Info

  • Estimated Lot Sq Ft: 5400
  • Lot Description: Cul-de-sac
  • Lot Faces: E
  • Lot Size: 60 x 90
  • Lot Number: Lot 13
  • Deed Book: 750

Rental Info

  • Est Annual Rental Income: 31200
  • Estimated Rental Performance: 0.0926
  • Lease Terms: Weekly
  • Rental Co: Village Realty
  • Rental Cottage Name: Eagle's Nest
  • Rental Cottage Number: MB 13
  • Rental Phone Number: 2524539650
  • Rental Turnover Day: SAT
  • Yearly Expense Actual Estimate: Actual

Building Info

  • Year Built: 1997

Tax Info

  • Year: 2015
  • Taxes: 1988

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2015
Closed on
Apr 25, 2016
Sold by
Rachfal Kenneth R and Rachfal Barbara T
Bought by
Vanwart Louise E
Seller's Agent
Sarah Spencer
Keller Williams - Outer Banks
Buyer's Agent
James Forrest
Southern Shores Realty
List Price
$349,000
Sold Price
$337,000
Premium/Discount to List
-$12,000
-3.44%
Total Days on Market
262
Current Estimated Value
$734,282

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$397,282
Avg. Annual Appreciation
8.94%
Original Mortgage
$100,000
Outstanding Balance
$47,273
Interest Rate
3.68%
Mortgage Type
New Conventional
Estimated Equity
$687,009

Purchase Details

Closed on
Feb 13, 2004
Bought by
Rachfal Kenneth R and Rachfal Barbara T
Source: Public Records

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Range of Values:

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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
Vanwart Louise E $337,000 Attorney
Rachfal Kenneth R $399,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vanwart Louise E $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2016 04/25/16 Sold $337,000 -3.4% $137 / Sq Ft
02/18/2016 02/18/16 Pending -- -- --
06/01/2015 06/01/15 For Sale $349,000 -- $142 / 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 $3,434 $416,100 $88,000 $328,100
2023 $3,434 $416,100 $88,000 $328,100
2022 $2,594 $416,100 $88,000 $328,100
2021 $2,579 $348,800 $80,000 $268,800
2020 $2,156 $348,800 $80,000 $268,800
2019 $2,156 $348,800 $80,000 $268,800
2018 $2,156 $348,800 $80,000 $268,800
2017 $1,962 $348,800 $80,000 $268,800
2016 $1,989 $348,800 $80,000 $268,800
2015 $1,989 $348,800 $80,000 $268,800
Source: Public Records

Agents Affiliated with this Home

  • Sarah Spencer

    Seller's Agent in 2016

    Sarah Spencer

    Keller Williams - Outer Banks

    (252) 202-3357

    123 in this area

    347 Total Sales

    Sarah Spencer
    Section Image

  • J

    Buyer's Agent in 2016

    James Forrest

    Southern Shores Realty

See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 88323

Outer Banks Association of REALTORS®

APN: 127D-000-0013-0000

North Carolina Currituck County Corolla 27927 Corolla

538 Magnolia Way, Corolla, NC

This home is located at 538 Magnolia Way, Corolla, NC 27927 since 01 June 2015 and is currently estimated at $734,282, approximately $298 per square foot. This property was built in 1997. 538 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.

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