NOT LISTED FOR SALE

540 Magnolia Way Corolla, NC 27927

Corolla Area

Estimated Value: $578,356

3 Beds
2.5 Baths
1,740 Sq Ft
$332/Sq Ft Est. Value

Sale Details

Date Sold: October 21, 2016

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

Est. 180% increase in value since last sale

Current estimated payment $3,899 / mo

164 Days on Market

Highlights

  • Community Beach Access
  • Pool
  • Cathedral Ceiling
  • Knotts Island Elementary School Rated 9+
  • Gated Community
  • Hydromassage or Jetted Bathtub

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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

Outdoor Features

  • Outdoor Shower
  • 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

5,227 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
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%
Current Estimated Value
$578,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$371,856
Avg. Annual Appreciation
10.95%

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Corolla, NC

  • Lynn Bulman Real Estate Agent - Howard Hanna Outer Banks Realty

    Lynn Bulman

    Howard Hanna Outer Banks Realty

    (252) 404-8028

    281 Total Sales

    5 in Corolla

    $105K - $870K Price Range

    Lynn Bulman
     Section Image
  • Crystal Swain Real Estate Agent - Twiddy and Company - Corolla

    Crystal Swain

    Twiddy and Company - Corolla

    (252) 573-2174

    91 Total Sales

    41 in Corolla

    $120K - $5M Price Range

    Crystal Swain
     Section Image
  • Haley Winslow Real Estate Agent - Coldwell Banker Seaside Realty KH

    Haley Winslow

    Coldwell Banker Seaside Realty KH

    (828) 268-3712

    90 Total Sales

    4 in Corolla

    $549K - $1M Price Range

    Haley Winslow
     Section Image
  • Robert Ladd Real Estate Agent - Twiddy and Co. - Duck

    Robert Ladd

    Twiddy and Co. - Duck

    (252) 421-5155

    43 Total Sales

    15 in Corolla

    $125K - $2.2M Price Range

    Robert Ladd
     Section Image
  • Rick Uhl Real Estate Agent - NC VA Land and Home Inc

    Rick Uhl

    NC VA Land and Home Inc

    (757) 909-6490

    67 Total Sales

    3 in Corolla

    $350K - $2.4M Price Range

    Rick Uhl
     Section Image
  • David Berberich Real Estate Agent - Hometown Realty

    David Berberich

    Hometown Realty

    (804) 781-3443

    71 Total Sales

    1 in Corolla

    $760,000 Price

    David Berberich
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,657 $310,500 $88,000 $222,500
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 Real Estate Agent - Sun Realty - KDH

    Seller's Agent in 2016

    Richard Hess

    Sun Realty - KDH

    (252) 256-2112

    76 Total Sales

    Richard Hess
    Section Image
  • Tammy Johnson Real Estate Agent - Island Life Realty

    Buyer's Agent in 2016

    Tammy Johnson

    Island Life Realty

    (252) 256-0150

    59 Total Sales

    Tammy Johnson
    Section Image
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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

540 Magnolia Way, Corolla, NC

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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