Shore Realty Outer Banks Home Sales

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

Listing Information

Headline$52K lower than lowest comp!
AreaCorolla Westside
Full Baths2
Partial Baths1
Asking Price$225,000
Price Date5/5/2015
Original Asking Price$249,500
Price Per Square Foot$129
Days On Market252
Cumulative Days On Market252
Days On MLS252
Cumulative Days On MLS252
Listing Date4/22/2015
Listing TypeExclusive Right Sell
Input Date Date4/22/2015
Update Date12/30/2015 7:09:00 PM
Sale Or RentFor Sale
Primary Residence Y/NN

Building Details

TypeSingle Family - Detached
StyleReverse Floor Plan
Year Built1996
Heated Living Area1748
Air ConditoningCentral,Heat Pump
HeatingElectric,Heat Pump
GarageAttached,1 Car
Interior FeaturesAll Window Treatments,Cathedral Ceiling(s),Gas Fireplace,Master Bath
ExtrasCeiling Fan(s),Covered Decks,Garage Door Opener,Gazebo,Hot Tub,Jet Tub,Outside Shower,Patio,Sun Deck
Floor CoveringsCarpet,Ceramic Tile,Vinyl,Wood Laminate
BuilderMancuso Development
RoofAsphalt/Fiber Shingle
Pool Y/NYes
Pool TypeOutdoor,Association
ExteriorCement Fiber Board
living Room Size Spacious
Kitchen Size Sound view
Dining Room SizeSound view
Optional RoomsFoyer

Lot Details & Legal Description

Address530 Magnolia Way
SubdivisionTCC-Magnolia Bay
Full Subdivision NameThe Currituck Club-Magnolia Bay
Deed Page0223
Deed Book0850
Doc Timestamp4/22/2015 8:40:00 PM
Pin Number127D00000170000
Tax Database ID3
Tax Property ID127D00000170000
Lot Square Feet5400
Lot Size/Dimensions60x90
Lot FacesE
Street Frontage60
Lot DescritionLevel,Wooded
View DescriptionSound
Distance To WaterNone
Flood ZoneAE
Association AmenitiesClubhouse,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!

Association Fee Y/NYes
Annual Association Fee$5,596
Association Fee IncludesGrounds Maintenance,Management,Pool,Road Maintenance,Security,Tennis Courts
Tax Year2015
Property Taxes$1,585
Water SourceMunicipal
Septic Disposal SystemMunicipal Sewer


Rental Cottage NameThe Outer Bunker
Finance OptionsCash,Conventional
Furniture Available ?Yes
Bill Of Sale?Yes
Furniture Price/Bill Of Sale Amount$1
PossessionAt Closing
Potential Short Sale Y/NYes
Bank Owned Y/NNo
Associated Document Count3

Rental Income

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/EstimatedActual
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.

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