Listing Details For 530 Magnolia Way in Corolla
|MLS #: 87781|
530 Magnolia Way
Corolla, NC 27927
|Selling Price: $225,000|
Asking Price: $225,000
Closing Date: 12/30/2015
Status: Sold In House
Status Date: 12/30/2015
|Headline||$52K lower than lowest comp!|
|Original Asking Price||$249,500|
|Price Per Square Foot||$129|
|Cumulative Days On Market||252|
|Cumulative Days On MLS||252|
|Listing Type||Exclusive Right Sell|
|Update Date||12/30/2015 7:09:00 PM|
|Type||Single Family - Detached|
|Air Conditoning||Central,Heat Pump|
|Interior Features||All Window Treatments,Cathedral Ceiling(s),Gas Fireplace,Master Bath|
|Extras||Ceiling Fan(s),Covered Decks,Garage Door Opener,Gazebo,Hot Tub,Jet Tub,Outside Shower,Patio,Sun Deck|
|Floor Coverings||Carpet,Ceramic Tile,Vinyl,Wood Laminate|
|Exterior||Cement Fiber Board|
|living Room Size ||Spacious|
|Dining Room Size||Sound view|
Lot Details & Legal Description
|Full Subdivision Name||The Currituck Club-Magnolia Bay|
|Doc Timestamp||4/22/2015 8:40:00 PM|
|Tax Property ID||127D00000170000|
|Association Amenities||Clubhouse,Gated Community,Golf Course,Health Club,Outdoor-Comm. Pool,Outdoor-Comm. Tennis,Playground|
Property Expense & Utilities
If the seller of this property located at 530 Magnolia Way in Corolla has provided the expenses, you will see them below, as provided by the listing agent. If there are no expenses listed, give Shore Realty of the OBX a call and let us do the research for you. It helps to know! Local 252-441-3416 or 800-647-1868. OBX Local experts here to help you!
|Annual Association Fee||$5,596|
|Association Fee Includes||Grounds Maintenance,Management,Pool,Road Maintenance,Security,Tennis Courts|
|Septic Disposal System||Municipal Sewer|
|Rental Cottage Name||The Outer Bunker|
|Furniture Price/Bill Of Sale Amount||$1|
|Potential Short Sale Y/N||Yes|
|Associated Document Count||3|
This section will only apply to homes already in a some type of rental program. If the property located at 530 Magnolia Way is used as a vacation rental home or as a year round rental, you will see the income listed below if provided by the seller's agent. A lack of rental numbers does not necessarily mean the property is not rented out. For more call 800-647-1868 and we can get you the actual rental numbers.
|Yearly Income Actual/Estimated||Actual|
|Gross Annual Rental Income||$20,880|
|Gross Income 2013 $||$20,880|
Listing Agent Remarks
Just reduced, priced $52K lower than the lowest comparable! This Short Sale is handled by an experienced short sale attorney, Starkey Sharp. The Outer Bunker was a great rental machine and grossed $20K+ in 2013 with a consistent history. Currently rented on a month to month basis with 30 day notice to vacate. Great layout with nice sound views this property is turnkey and perfect for the investor or second home. Relax in the rocking chairs in the gazebo or let the sun and the awesome views charm you on the top deck where you can see the Currituck Sound. Relax in the hot tub or jump in the outside shower after a long pleasurable day at the beach. The great room offers abundant natural light with the many tall windows, sliding glass doors, gas fireplace and built-ins. Tiled floors in the kitchen, laundry room and laminate floors in the great room and dining room. Spacious master retreat with whirlpool tub and walk in closet and access to the deck. Nice size garage to enjoy as a game room or to store all that beach apparel. Located at the south end of the Currituck Club, the Outer Bunker is a short walk to the community pool, shops and beach with parking. Nothing missing here but you!
Official MLS Disclaimer
The data relating to real estate for sale on this web site comes from the Broker Reciprocity Program of the Outer Banks Association of REALTORS. This property located at 530 Magnolia Way in Corolla is provided courtesy of Johanna Holcomb of Coldwell Banker-Seaside - KH. Information is believed to be accurate but is not warranted. Copyrighted by Outer Banks Association of REALTORS. All Rights Reserved. IDX information is provided by Shore Realty of the OBX exclusively for consumers, personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. If this page disappears from this site it means the property at 530 Magnolia Way in Corolla is no longer available for sale. If you are interested in this property or have any questions about buying or selling real estate on the Outer Banks call Shore Realty. Local 252-441-3416 or 800-647-1868.
The school systems on the Outer Banks are never lacking for money. With most of the property owners living out of town, there is a disproportionate amount of tax money available to the schools, the result is lots of money spent per pupil.
We have 2 county school systems on the OBX, the Currituck County School System for residents of Corolla and the Currituck Mainland AND the Dare County School System for residents of the beach's from Duck south through Nags Head to Hatteras Island, Manteo and the Dare County Mainland.
Looking for more info about this property or another OBX properties? We can answer all your questions. Call DIRECT 800-647-1868 or fill out this form and let us know what you need, so we can start to help. It is easier than you think.
For Immediate Service
252-441-3416 (Local OBX)
800-647-1868 (Toll Free)