NOT LISTED FOR SALE

540 Magnolia Way Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $432,000 - $700,000

3 Beds
2.5 Baths
1,740 Sq Ft
$323/Sq Ft Est. Value

Last Sold October 21, 2016

Last sale price $206,500 $119 Per Sq Ft

Est. 172% increase in value since last sale

Current estimated payment $3,674/month

164 Days on Market

Highlights

  • Community Beach Access
  • Gated Community
  • Hydromassage or Jetted Bathtub
  • Outdoor Pool
  • Cathedral Ceiling
  • Tennis Courts

About This Home

As of October 2016

Great condition! New two zone HVAC system just installed. Walk to the Magnolia Bay pool or walk to the ocean front! Open floor plan which is perfect for entertaining and a nice deck to enjoy. The Currituck Club in Corolla offers beautiful 18 hole golf course, pro shop, clubhouse and more! The community boasts 5 outdoor pools all with kiddie pools & bathhouses, 7 tennis courts and a fitness center, and vacationers receive courtesy trolley service to/from the beach access along with concierge services.

Last Agent to Sell the Property

Richard Hess

Sun Realty - KDH License #130782 Listed on: 04/19/2016

Last Buyer's Agent

Tammy Johnson

Island Life Realty License #278552

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,500

Year Built

  • Built in 1996

Lot Details

  • Property fronts a private road
  • Landscaped
  • Sprinkler System

HOA Fees

  • $472 Monthly HOA Fees

Home Design

  • Reverse Style Home
  • Frame Construction
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 1,740 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Entrance Foyer

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Parking

  • Garage
  • Carport

Pool

  • Outdoor Pool
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Patio
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Tax Lot lot 12

Community Details

Overview

  • Association fees include management, security, tennis courts
  • 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

$1,500

Year Built

Built in 1996

Lot Details

0

HOA Fees

$472 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Bank Owned: Yes
  • Directions: Turn into TCC, after security, turn left onto Hunt Club, follow for approx 2 mi., turn Right onto Magnolia Way, house on Right
  • Extras: Ceiling Fan(s), Covered Decks, Jet Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Patio, Sun Deck
  • Headline: Recently updated
  • Heated Sq Ft: 1740
  • L V T Date: 04/19/2016
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Zoning: res
  • Deed Book Pg Number: 416
  • Major Subdivision: The Currituck Club
  • Special Features: 20
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Floor Coverings: Carpet, Ceramic Tile
  • Foundation: Piling
  • Full Bathrooms: 2
  • Interior Amenities: Cathedral Ceiling(s), Gas Fireplace, Ensuite
  • Optional Rooms: Foyer
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Association
  • Pool Type: Association Pool

Garage/Parking

  • Garage: 1 Car

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Management, Security, Tennis Courts
  • Association Amenities: Gated Community, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground
  • Association Fee: Yes
  • Estimated Annual Fee: 5663

Lot Info

  • Lot Number: lot 12
  • Deed Book: 1355

Rental Info

  • Other Expenses: 80000

Building Info

  • Year Built: 1996

Tax Info

  • Year: 2016
  • Taxes: 1500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2016
Closed on
Nov 3, 2016
Sold by
Divitotawela Palitha and Divitotawela Niranji
Bought by
Ceylon Education Corporation
Seller's Agent
Richard Hess
Sun Realty - KDH
Buyer's Agent
Tammy Johnson
Island Life Realty
List Price
$249,900
Sold Price
$206,500
Premium/Discount to List
-$43,400
-17.37%
Total Days on Market
164
Current Estimated Value
$561,905

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$355,405
Avg. Annual Appreciation
12.63%

Purchase Details

Listed on
Apr 19, 2016
Closed on
Oct 19, 2016
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Divitotawela Palitha and Divitotawela Niranji
Seller's Agent
Richard Hess
Sun Realty - KDH
Buyer's Agent
Tammy Johnson
Island Life Realty
List Price
$249,900
Sold Price
$206,500
Premium/Discount to List
-$43,400
-17.37%

Purchase Details

Closed on
Nov 23, 2015
Sold by
Rothschild Joseph N and Kempf Danielle M
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jun 27, 2003
Bought by
Rothschild Joseph N
Source: Public Records

Similar Homes in Corolla, NC

  • 758 Fish Crow Ct, Corolla, NC 27927

    $650,000

    • 4 Beds
    • 3 Baths
    • 1,716 Sq Ft
    • 758 Fish Crow Ct
    • Corolla, NC

    This four-bedroom, three bath home sits elevated in an X food zone at the end of a Cul de sac. East side and walkable to the beach, it is a good start for those wanting to be on the ocean side versus west side. Sunny days allow you to take the stairs on either side of the home up one or two levels. Rainy days all you need is the dry entry next to the laundry to toss your flip flops. The first

    Vivian McPherson Village Realty

    Section Image
  • 2013 Sea Gull Rd Unit Lot 77, Corolla, NC 27927

    $525,000

    • 3 Beds
    • 2 Baths
    • 1,240 Sq Ft
    • 2013 Sea Gull Rd
    • Unit Lot 77
    • Corolla, NC

    Escape The Pavement to this meticulously maintained 3-bedroom beach home, just 10 years old and still feeling brand new, nestled amidst the enchanting 4-wheel drive beaches of Carova. Enjoy your morning coffee on the back deck or view the pink sunset sky on the screened-in side porch with a good book. After a long day at the beach, pour yourself a beverage on the porch and truly unwind. Inside

    Jean-Paul Peron EXP Realty, LLC - Coastal

    Section Image
  • 2013 Sea Gull Rd, Corolla, NC 27927

    $525,000

    • 3 Beds
    • 2 Baths
    • 1,240 Sq Ft
    • 2013 Sea Gull Rd
    • Corolla, NC

    Escape The Pavement to this meticulously maintained 3-bedroom beach home, just 10 years old and still feeling brand new, nestled amidst the enchanting 4-wheel drive beaches of Carova. Enjoy your morning coffee on the back deck or view the pink sunset sky on the screened-in side porch with a good book. After a long day at the beach, pour yourself a beverage on the porch and truly unwind. Inside

    Jean-Paul Peron

    Section Image
  • 527 Swan Rd, Corolla, NC 27927

    $599,000

    • 4 Beds
    • 4 Baths
    • 2,280 Sq Ft
    • 527 Swan Rd
    • Corolla, NC

    What a chance to seize the dream, a canalfront home where waters gleam. In Carova Beach, a gem to behold, with your own touch, its story unfolds. Four beds and baths, on a quiet street, a cul-de-sac haven, the perfect retreat. A hundred feet of waterfront grace, a dock with power, an inviting space. A boat slip for kayaks, paddleboards, too, adventures await in waters blue. Inside you'll find

    Jean-Paul Peron

    Section Image
  • 2360 Ocean Pearl Rd, Corolla, NC 27927

    $579,900

    • 4 Beds
    • 2 Baths
    • 1,786 Sq Ft
    • 2360 Ocean Pearl Rd
    • Corolla, NC

    Welcome to 2360 Ocean Pearl Rd, a hidden gem nestled within the Carova Beach subdivision. As you approach, you'll immediately sense the privacy it offers-a rare escape from the outside world. Surrounded by lush greenery, this property cocooned away from the hustle and bustle. Whether you're sipping morning coffee on the deck or unwinding in the evening, you'll feel a sense of seclusion that's

    Jean-Paul Peron

    Section Image
  • 706 Currituck Cay Unit lot 2, Corolla, NC 27927

    $649,900

    • 4 Beds
    • 3 Baths
    • 2,024 Sq Ft
    • 706 Currituck Cay
    • Unit lot 2
    • Corolla, NC

    This 4-bedroom, 3-bathroom vacation home in The Currituck Club's Hammocks neighborhood offers over 2,000 square feet of living space. Designed with a reverse floor plan, the property includes an open flow layout, a bonus loft area, a one-car garage with a storage area, and a private pool with a hot tub. Situated along the 12th fairway of the prestigious Rees Jones-designed golf course, “Sea

    The Myatt Group Team Keller Williams - Outer Banks

    Section Image
  • 747 W Willet Ct Unit Lot 17, Corolla, NC 27927

    $485,000

    • 4 Beds
    • 2.5 Baths
    • 2,008 Sq Ft
    • 747 W Willet Ct
    • Unit Lot 17
    • Corolla, NC

    Check out this Home Nestled in the serene and recommendable community of Corolla, this 4-bedroom, 2.5-bath home offers the perfect blend of comfort and convenience. With a welcoming layout and classic finishes, this home exudes a cozy, beach-town vibe. It’s a fantastic spot for families looking to create lasting memories or for those seeking a peaceful getaway.Just a short drive from

    Nicholas Huscroft Chosen Realty of NC

    Section Image
  • 738 Sea Horse Ct, Corolla, NC 27927

    $649,000

    • 4 Beds
    • 3 Baths
    • 1,732 Sq Ft
    • 738 Sea Horse Ct
    • Corolla, NC

    Located on a quiet cul-de-sac and backing up to open space to the east, this Ocean Sands property makes for an amazing opportunity to own in oceanside Corolla. This well maintained, turn-key 4 bedroom home is perfect example of coastal living with a rooftop deck to enjoy the ocean views and breezes, multiple decks, a screened in porch, a hot tub, spacious bedrooms, and an easy, short walk to the

    Daniel Fenyak Outer Banks Blue Realty Srvcs.

    Section Image
  • 765 Gulfstream Ct Unit lot 2, Corolla, NC 27927

    $619,900

    • 4 Beds
    • 2 Baths
    • 1,765 Sq Ft
    • 765 Gulfstream Ct
    • Unit lot 2
    • Corolla, NC

    Adorable, hard to find, traditional floorplan in Ocean Sands. This home beckons you in with its charming and expansive covered front porch. Once inside, you will immediately feel at home with the cozy, warm wood tones and open layout. An oversized primary bedroom on the 1st floor, with access to the front and back decks, makes this home a perfect choice for a second home or an investment

    Crystal Swain Twiddy and Company - Corolla

    Section Image
See All Homes in Corolla

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ceylon Education Corporation -- None Available
Divitotawela Palitha -- Attorney
Federal Home Loan Mortgage Corporation -- Attorney
Rothschild Joseph N $310,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Northchild Joseph N $100,000
Previous Owner Rothschild Joseph N $319,679
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2016 10/21/16 Sold $206,500 -17.4% $119 / Sq Ft
09/30/2016 09/30/16 Pending -- -- --
04/19/2016 04/19/16 For Sale $249,900 -- $144 / 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 $2,641 $310,500 $88,000 $222,500
2023 $2,376 $310,500 $88,000 $222,500
2022 $2,020 $310,500 $88,000 $222,500
2021 $2,005 $268,900 $80,000 $188,900
2020 $1,695 $268,900 $80,000 $188,900
2019 $1,695 $268,900 $80,000 $188,900
2018 $0 $268,900 $80,000 $188,900
2017 $1,541 $268,900 $80,000 $188,900
2016 $1,541 $268,900 $80,000 $188,900
2015 $1,704 $268,900 $80,000 $188,900
Source: Public Records

Agents Affiliated with this Home

  • Richard Hess

    Seller's Agent in 2016

    Richard Hess

    Sun Realty - KDH

    (252) 256-2112

    1 in this area

    89 Total Sales

    Richard Hess
    Section Image
  • Tammy Johnson

    Buyer's Agent in 2016

    Tammy Johnson

    Island Life Realty

    (252) 256-0150

    16 in this area

    93 Total Sales

    Tammy Johnson
    Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 92084

Outer Banks Association of REALTORS®

APN: 127D-000-0012-0000

North Carolina Currituck County Corolla 27927 Corolla

540 Magnolia Way, Corolla, NC

This home is located at 540 Magnolia Way, Corolla, NC 27927 since 19 April 2016 and is currently estimated at $561,905, approximately $322 per square foot. This property was built in 1996. 540 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.

Nearby Homes