Shore Realty Outer Banks Home Sales

Listing Details For 542 Magnolia Way in Corolla

MLS #: 97839
542 Magnolia Way
Corolla, NC 27927
Selling Price: $275,000
Asking Price: $290,000
Closing Date: 12/8/2017
Status: Sold In House
Status Date: 12/8/2017

Listing Information

HeadlineShort Walk /Bike Ride to Beach
AreaCorolla Westside
Full Baths2
Partial Baths1
Asking Price$290,000
Price Date12/8/2017
Original Asking Price$290,000
Price Per Square Foot$164
Days On Market48
Cumulative Days On Market384
Days On MLS48
Cumulative Days On MLS384
Listing Date9/19/2017
Listing TypeExclusive Right Sell
Input Date Date9/19/2017
Update Date12/8/2017 5:44:00 PM
Sale Or RentFor Sale
Primary Residence Y/NN

Building Details

TypeSingle Family - Detached
StyleReverse Floor Plan,Coastal
Year Built1997
Heated Living Area1763
Air ConditoningCentral,Heat Pump
HeatingCentral,Heat Pump
GarageAttached,1 Car
Interior Features9' Ceilings,All Window Treatments,Cathedral Ceiling(s),Gas Fireplace,Master Bath,Pantry,Walk in Closet
ExtrasBeach Access,Ceiling Fan(s),Hot Tub,Jet Tub,Landscaped,Lawn Sprinklers,Outside Shower,Patio,Smoke Detector(s),Sun Deck,Dry Entry
Floor CoveringsCarpet,Tile
RoofAsphalt/Fiber Shingle
Pool Y/NYes
Pool TypeAssociation Pool
ExteriorCement Fiber Board
Sundeck ?Top Level
Bedroom 1 SizeMaster
Bedroom 2 Level 1
Bedroom 2 Size 2 Duo Bunk
Bedroom 3 Level 1
Bedroom 3 Size Queen
Living Room Level 2
living Room Size Open
Kitchen Level 2
Kitchen Size Bright
Dining Room Level 2
Dining Room SizeSpacious
Optional RoomsFoyer
Optional Room 1 Level 2
Optional Room 1 SizeLaundry

Lot Details & Legal Description

Address542 Magnolia Way
Unit/Lot #Lot # 11
SubdivisionTCC-Magnolia Bay
Full Subdivision NameThe Currituck Club-Magnolia Bay
Deed Page461
Deed Book730
Doc Timestamp9/20/2017 6:03:00 PM
Pin Number127D00000110000
Tax Database ID3
Tax Property ID127D00000110000
Lot DescritionAdj. To Common Area,Corner
Distance To WaterNone
Flood ZoneX
ParkingOff Street
Association AmenitiesClubhouse,Gated Community,Golf Course,Health Club,Ocean Access,Outdoor-Comm. Pool,Outdoor-Comm. Tennis,Playground

Property Expense & Utilities

If the seller of this property located at 542 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$5,590
Association Fee IncludesCommon Electric,Common Insurance,Grounds Maintenance,Management,Pool,Road Maintenance,Security,Tennis Courts,Walkways
Tax Year2017
Property Taxes$1,575
Yearly Cable Expense$1,800
Water SourceMunicipal
Yearly Water Expense$264
Other Expenses$300
Other Expenses 2$720
Septic Disposal SystemCommunity Septic
Septic/Sewage Fee$720


Rental Cottage Name3 Seanoritas
Rental Cottage #MB-11
Rental Turnover DaySaturday
Finance OptionsCash,Conventional
Furniture Available ?Yes
Bill Of Sale?Yes
Furniture Price/Bill Of Sale Amount$1
PossessionAt Closing
Potential Short Sale Y/NNo
Bank Owned Y/NNo
Associated Document Count5

Rental Income

This section will only apply to homes already in a some type of rental program. If the property located at 542 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.

Listing Agent Remarks

Well Maintained Home located in The Currituck Club with Short Walk or Bike Ride to beautiful Beaches of Corolla or uncrowded Community Pool and Tennis Courts. This is a 3 bedroom 2.5 Bath home with an open spacious reverse floor plan so there is Lots of Natural Light in the Kitchen, Living Room and Dining Room. Master Bedroom is located mid level between the top floor and ground floor for extra privacy. 542 Magnolia Way has a private back yard and is situated on a corner lot that is next to a large common area that gives this home a lot of privacy. Garage area has an additional built in storage area. The many updates and improvements include:2015 Hot Water Heater, 2014 Hot Tub, 2014 Front Window, 2013 HVAC, Interior Painted, and Open area carpeted, 2012 Washer/Dryer and 2011 Exterior Painted. Plus located in Flood Zone X. Landscaping and Lawn maintenance are included in the Association Dues. So just sit back and enjoy your family, the beach and/or golf. The best, is that this home is located in Magnolia Bay at the south end of The Currituck Club and is a quick walk to the beach and only a 2 minute walk to the community pool and tennis courts. Also, just steps to the Trolley stop that will take you and your family to the beach during the In Season at no charge. The Currituck Club is one of the few gated communities in Corolla, and offers exclusivity and an extra element of safety and security. Additionally, The Currituck Club is a prestigious neighborhood in Corolla and is the home to the Premier Reese Jones 18 hole Championship Golf Course with gorgeous landscaping and lots of amenities such as: Fitness Center with Game Room, Pro Shop, full service Grill, 5 community Pools, 7 Tennis Courts, Basketball courts, Volley Ball, Shuffleboard, Playground, Gated Communit


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 542 Magnolia Way in Corolla is provided courtesy of Daniel LaRue of Corolla Beach Realty. 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 542 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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