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507 Magnolia Way

507 Magnolia Way, Corolla, NC 27927
House in Currituck
507 Magnolia Way has been categorized by the local assessors in Corolla, NC as a type of property. The building on the property was first built in 2000 and is 26 years old. The home has a total of 4 bedrooms. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 200 stories. In addition, 507 Magnolia Way has 2,394 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 5,436 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a .

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Love to swim? You'll be excited to find out that there is a on the property. Moving on to the building itself. The condition of the building has been evaluated as . Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of by the local assessor. The roof of the building is made of . The exterior walls of the building are made of . The inside of the home is being cooled with at the moment. In terms of heating, it is utilizing and being fueled with . The property was last sold in Nov 28, 2022 for $740,000. That's $309.11 per sqft. Prior to that sales transaction, the property was also sold in Jun 25, 2015 for $340,000. 507 Magnolia Way was last assessed in 2023. The total value of the property was assessed at $428,000. Specifically, the land the property is located on was valued at $88,000. While improvements on the property were assessed at a total of $340,000. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $310,460. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Wood Exterior

Parking

Off Street Parking
Paved Parking

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20221009 Unit LOT36
10/09/2022
4 Bed
4 Bath
2354 ft²
$715,000
bedrooms
4 Bed
bathrooms
4 Bath
square feet
2354 ft²
-
-
Sandra LaRue
Corolla Beach Realty


Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 5
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 15
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 5,436
  • Lot Size Depth Feet: 70
  • Total Building Area: 2,394
  • Gross Building Area: 2,394
  • Building Area: 2,394
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,394
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAGNOLIA BAY
  • Land Acres: 0000000120
  • Standard Land Use Code: 0027
  • County Land Use Code: 500
  • Legal Description 1: MAGNOLIA BAY LOT 36

Neighborhood

  • School District Name: Currituck County Schools
  • Census Tract: 110101

Zoning

  • Zoning: SFO

Geography

  • Assessors Map Reference: 127D
  • Account Number: 000166082
  • District: 11
  • Parcel: 127D00000360000
  • Lot: 36
  • Municipality: POPLAR BRANCH BCH
  • Latitude: 36.2799
  • Longitude: -75.8022

    Address

  • Full Address: 507 Magnolia Way
  • Address - House Number: 507
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Way
  • State: NC
  • City Name: Corolla
  • Carrier Code: H066
  • 4-Digit Zip Code: 9541
  • Zip Code: 27927

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $310,460
  • Tax Rate Code Area: POPLAR BRA

    Appraisal Valuation

  • Standard Deviation: 0.2
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 73
  • Final Value: 785,061
  • High Value: 942,092
  • Low Value: 628,030

    Market Valuation

  • Market Total Value: $428,000
  • Market Land Value: $88,000
  • Market Improvement Value: $340,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $428,000
  • Assessed Land Value: $88,000
  • Assessed Improvements Value: $340,000

    Sales

  • Current Sale Contract Date: Nov 28, 2022
  • Current Sale Recording Date: Nov 30, 2022
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 380090
  • Previous Sale Recording Date: Jun 25, 2015
  • Previous Sale Contract Date: Jun 25, 2015
  • Previous Sale Amount: $340,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources

About Currituck



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Frequently Asked Questions

What neighborhood is 507 Magnolia Way located in?
The 507 Magnolia Way is a house located in the neighborhood of Currituck in Currituck, Corolla.
What is the average sales price for listings in 507 Magnolia Way?
The average sales price for units in 507 Magnolia Way is $0 currently.