NOT LISTED FOR SALE

542 Magnolia Way Corolla, NC 27927

Corolla Neighborhood

Estimated Value: $557,000 - $693,000

3 Beds
2.5 Baths
1,763 Sq Ft
$339/Sq Ft Est. Value

Last Sold October 20, 2020

Last sale price $317,000 $180 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $3,882/month

18 Days on Market

Highlights

  • Community Beach Access
  • Golf Course Community
  • Gated Community
  • Health Club
  • Spa
  • Clubhouse

About This Home

As of October 2020

Affordable resort living in the quiet Magnolia Bay neighborhood of The Currituck Club. This home is a short walk (or complimentary trolley ride!) to beach access. This home offers plenty of privacy with 2 bedrooms on the first level, and open kitchen, living, and dining areas on the top-floor. The expansive master suite has access to the second-level deck and hot tub. Magnolia Bay is located near the south gate of The Currituck Club offering convenient access to dining and shopping options in Corolla and Duck. Come take a tour of this perfect beach retreat!

Last Agent to Sell the Property

Mark Pearson

Real Broker, LLC License #224976 Listed on: 07/20/2020

Real Broker, LLC

Last Buyer's Agent

Susan Sullivan

Sun Realty - Kitty Hawk / Currituck License #188897

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,733

Year Built

  • Built in 1997

Lot Details

  • Property fronts a private road
  • Lot includes common area
  • Landscaped
  • Corner Lot
  • Sprinkler System

HOA Fees

  • $472 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 1,763 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Off-Street Parking

Pool

  • Spa
  • Outdoor Pool
  • Outdoor Shower

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Fuel Tank
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot 11

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

Recreation

  • Community Beach Access
  • Golf Course Community
  • Health Club
  • Tennis Courts
  • Community Pool
  • Park

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,733

Year Built

Built in 1997

Lot Details

0

HOA Fees

$472 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Extras: Beach Access, Ceiling Fan(s), Hot Tub, Jet Tub, Landscaped, Lawn Sprinklers, Outside Shower, Patio, Smoke Detector(s), Dry Entry
  • Flood Zone: X
  • Headline: Affordable resort living!
  • Heated Sq Ft: 1763
  • L V T Date: 07/20/2020
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Zoning: RES
  • Advertised Income 2020: 29347
  • Deed Book Pg Number: 26
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: The Currituck Club
  • Newpoint Media: Yes
  • Office License Number: C26996
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 3
  • Electronic Locks: Leased
  • Floor Coverings: Carpet, Tile
  • Foundation: Piling, Slab
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Gas Fireplace, Ensuite, Walk in Closet
  • Optional Rooms: Foyer
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Association
  • Pool Type: Association Pool
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, 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
  • Association Fee: Yes
  • Estimated Annual Fee: 5660
  • Hoa Contact: Heidi Corsello
  • HOA Contact: 252-453-4011

Lot Info

  • Lot Description: Adj. To Common Area, Corner
  • Lot Number: Lot 11
  • Deed Book: 1428

Rental Info

  • Lease Terms: Weekly
  • Rental Co: Village Realty
  • Rental Cottage Name: Glory Daze
  • Rental Cottage Number: MB11
  • Rental Phone Number: (252) 480-2224
  • Rental Turnover Day: Saturday
  • Rental Contact Email: AlyssaMcDonald@villagerealtyobx.com
  • Rental Contact Name: Alyssa McDonald
  • Rental Contact Phone: (252) 480-2224

Building Info

  • Year Built: 1997

Tax Info

  • Year: 2019
  • Taxes: 1733.33

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 4, 2024
Sold by
Deutsch Matthew J and Deutsch Laura H
Bought by
Deutsch Living Trust and Deutsch
Total Days on Market
18
Current Estimated Value
$597,323

Purchase Details

Listed on
Jul 20, 2020
Closed on
Oct 16, 2020
Sold by
Padenski Stephen V and Padenski Mariane L
Bought by
Deutsch Matthew J and Deutsch Laura H
Seller's Agent
Mark Pearson
Real Broker, LLC
Buyer's Agent
Susan Sullivan
Sun Realty - Kitty Hawk / Currituck
List Price
$334,900
Sold Price
$317,000
Premium/Discount to List
-$17,900
-5.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.73%
Original Mortgage
$253,600
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 19, 2017
Closed on
Nov 30, 2017
Sold by
Clark Robert D and Clark Sara L
Bought by
Padenski Stephen V and Padenski Mariane L
Seller's Agent
Daniel LaRue
Corolla Beach Realty
Buyer's Agent
Daniel LaRue
Corolla Beach Realty
List Price
$290,000
Sold Price
$275,000
Premium/Discount to List
-$15,000
-5.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.08%
Original Mortgage
$247,500
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 2003
Bought by
Clark Robert D and Clark Sara I
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
Deutsch Living Trust -- None Listed On Document
Deutsch Matthew J $317,000 None Available
Padenski Stephen V $275,000 None Available
Clark Robert D $316,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Deutsch Matthew J $253,600
Previous Owner Padenski Stephen V $247,500
Previous Owner Clark Robert D $277,000
Previous Owner Clark Robert D $300,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2020 10/20/20 Sold $317,000 -5.3% $180 / Sq Ft
08/07/2020 08/07/20 Pending -- -- --
07/20/2020 07/20/20 For Sale $334,900 +21.8% $190 / Sq Ft
12/08/2017 12/08/17 Sold $275,000 -5.2% $156 / Sq Ft
11/06/2017 11/06/17 Pending -- -- --
09/19/2017 09/19/17 For Sale $290,000 -- $164 / 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 $2,883 $332,900 $88,000 $244,900
2023 $2,883 $332,900 $88,000 $244,900
2022 $2,134 $332,900 $88,000 $244,900
2021 $2,119 $276,100 $80,000 $196,100
2020 $1,733 $276,100 $80,000 $196,100
2019 $1,733 $276,100 $80,000 $196,100
2018 $1,733 $276,100 $80,000 $196,100
2017 $1,575 $276,100 $80,000 $196,100
2016 $1,575 $276,100 $80,000 $196,100
2015 $1,575 $276,100 $80,000 $196,100
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Mark Pearson

    Real Broker, LLC

    (252) 573-9198

    23 in this area

    39 Total Sales

    Mark Pearson
    Section Image
  • Susan Sullivan

    Buyer's Agent in 2020

    Susan Sullivan

    Sun Realty - Kitty Hawk / Currituck

    (252) 491-2829

    4 in this area

    110 Total Sales

    Susan Sullivan
    Section Image
  • Daniel LaRue

    Seller's Agent in 2017

    Daniel LaRue

    Corolla Beach Realty

    (551) 404-7777

    36 in this area

    55 Total Sales

    Daniel LaRue
    Section Image
  • Sandra LaRue

    Seller Co-Listing Agent in 2017

    Sandra LaRue

    Corolla Beach Realty

    (252) 435-5379

    58 in this area

    92 Total Sales

    Sandra LaRue
    Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 110191

Outer Banks Association of REALTORS®

APN: 127D-000-0011-0000

North Carolina Currituck County Corolla 27927 Corolla

542 Magnolia Way, Corolla, NC

This home is located at 542 Magnolia Way, Corolla, NC 27927 since 20 July 2020 and is currently estimated at $597,323, approximately $338 per square foot. This property was built in 1997. 542 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.

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