NOT LISTED FOR SALE

550 Magnolia Ct Corolla, NC 27927

Estimated Value: $713,000 - $754,000

4 Beds
3.5 Baths
2,256 Sq Ft
$324/Sq Ft Est. Value

Sale Details

Date Sold: June 19, 2020

Last sale price $375,000 $166 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $4,685 / mo

98 Days on Market

Highlights

  • Community Beach Access
  • Golf Course Community
  • Gated Community
  • Health Club
  • In Ground Pool
  • Clubhouse

About This Home

As of June 2020

Have a gander at this charming 4 bed, 2.5 bath family home nestled snugly within the gorgeously tranquil environs of The Currituck Club! Spacious master suites on both floors with large bathrooms, Jacuzzi tubs and walk in showers, 4 bed bunk room perfect for the kids, expansive open great room with plenty of room for hosting, sublime backyard in-ground pool, serene and private views, huge new decking, the list goes on and on! Not to mention, TCC has amenities for days! Trolley service to and from pristine Currituck Beach from Memorial Day to Labor Day, world class Rees Jones golf, pool, tennis and basketball courts, health club, playgrounds, park, and more. And also, who doesn't love the convenience of living a stone's throw from excellent dining, shopping, and entertainment options? Whether as an investment opportunity that is sure to stay rented throughout the season, or as a second home you'll always look forward to escaping to (or both!), this is truly a win-win opportunity and one that you don't want to miss out on! Come and see for yourself!

Last Agent to Sell the Property

Robert Godley

Kitty Hawk Land Company License #185619 Listed on: 02/12/2020

Last Buyer's Agent

Matt Myatt

Keller Williams Outer Banks KDH License #218707

Keller Williams Outer Banks KDH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,105

Year Built

  • Built in 1997

Lot Details

  • Property fronts a private road
  • Cul-De-Sac

HOA Fees

  • $469 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 2,256 Sq Ft Home
  • Furnished

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Off-Street Parking

Pool

  • In Ground Pool
  • Vinyl Pool

Utilities

  • Central Heating and Cooling System
  • Municipal Utilities District Water
  • Private Sewer

Listing and Financial Details

  • Tax Lot 7

Community Details

Overview

  • Association fees include grounds maintenance, pool, road maintenance, security, tennis courts
  • Tcc Magnolia Bay Subdivision

Recreation

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

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,105

Year Built

Built in 1997

Lot Details

5,227 Sq Ft Lot

HOA Fees

$469 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary
  • Flood Zone: X
  • Headline: Immaculate Condition
  • Heated Sq Ft: 2256
  • L V T Date: 02/12/2020
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Zoning: Res
  • Deed Book Pg Number: 62
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: The Currituck Club
  • Newpoint Media: Yes
  • Office License Number: C8539
  • 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 w/Ice Maker, Washer
  • Bedrooms: 4
  • Floor Coverings: Carpet, Ceramic Tile
  • Foundation: Short Pilings
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Wood
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: In Ground, Vinyl, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Garage: 1 Car
  • Parking: Off Street

Utilities

  • Cooling: Central
  • Heating: Central, Electric
  • Sewer/Septic System: Private Sewer
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Grounds Maintenance, Pool, Road Maintenance, Security, Tennis Courts
  • Association Amenities: Clubhouse, Gated Community, Golf Course, Health Club, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Park, Playground
  • Association Fee: Yes
  • Estimated Annual Fee: 5625

Lot Info

  • Lot Description: Cul-de-sac
  • Lot Number: Lot 7
  • Deed Book: F

Rental Info

  • Rental Co: Paramount Destinations
  • Rental Cottage Name: Amazing Grace
  • Rental Cottage Number: MB 7
  • Rental Phone Number: 252) 453-3045
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 1997

Tax Info

  • Year: 2018
  • Taxes: 2104.73

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
Feb 12, 2020
Closed on
Jun 17, 2020
Sold by
Bought by
Seller's Agent
Robert Godley
Kitty Hawk Land Company
Buyer's Agent
Matt Myatt
Keller Williams Outer Banks KDH
List Price
$424,900
Sold Price
$375,000
Premium/Discount to List
-$49,900
-11.74%
Current Estimated Value
$732,051

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$357,051
Avg. Annual Appreciation
11.69%
Original Mortgage
$300,000
Outstanding Balance
$264,749
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$467,302

Purchase Details

Listed on
Feb 12, 2020
Closed on
Jun 11, 2020
Sold by
Bought by
Seller's Agent
Robert Godley
Kitty Hawk Land Company
Buyer's Agent
Matt Myatt
Keller Williams Outer Banks KDH
List Price
$424,900
Sold Price
$375,000
Premium/Discount to List
-$49,900
-11.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$264,749
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$467,302

Purchase Details

Closed on
Jun 17, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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 Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$375,000 None Available
-- None Available
$475,000 None Available
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
Open $300,000
Previous Owner $380,000
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
06/19/2020 06/19/20 Sold $375,000 -6.2% $166 / Sq Ft
05/20/2020 05/20/20 Pending -- -- --
03/09/2020 03/09/20 Price Changed $399,900 -5.9% $177 / Sq Ft
02/12/2020 02/12/20 For Sale $424,900 -- $188 / 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 $3,425 $406,300 $88,000 $318,300
2024 $3,425 $406,300 $88,000 $318,300
2023 $3,409 $406,300 $88,000 $318,300
2022 $2,573 $406,300 $88,000 $318,300
2021 $2,582 $337,700 $80,000 $257,700
2020 $2,128 $337,700 $80,000 $257,700
2019 $2,128 $333,500 $80,000 $253,500
2018 $2,105 $333,500 $80,000 $253,500
2017 $1,912 $333,500 $80,000 $253,500
2016 $1,912 $333,500 $80,000 $253,500
2015 $1,912 $333,500 $80,000 $253,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 108287

Outer Banks Association of REALTORS®

APN: 127D-000-0007-0000

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