NOT LISTED FOR SALE

1050 W Magnolia Loop Madison, GA 30650

Estimated Value: $558,175 - $855,000

6 Beds
4.5 Baths
5,939 Sq Ft
$123/Sq Ft Est. Value

Last Sold October 11, 2023

Last sale price $645,000 $109 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,314/month

66 Days on Market

Highlights

  • Fitness Center
  • Gated Community
  • Community Lake
  • Morgan County Primary School Rated A-
  • Craftsman Architecture
  • Clubhouse

About This Home

As of October 2023

Come check out this stunning 6 bedroom/4.5 bath home in the desirable Madison Lakes in Madison, Ga. Situated in a gated community with a clubhouse, JR Olympic size pool, lighted tennis courts, fitness center and playground! Just two minutes to I-20 for an easy commute to Atlanta Airport and four minutes to beautiful downtown Madison, as well as minutes to the highly sought after Morgan County school system! This exquisitely spacious home boasts an open floor plan, granite countertops, huge finished basement with a rec room/exercise room, hardwood floors throughout the main level, and beautiful custom woodwork throughout. AND much much more to offer! Madison is a great place to visit, but an even better place to live! Your dream home is waiting!! Schedule your showing today!!!!!!

Last Agent to Sell the Property

Valerie Thompson

Ansley RE|Christie's Int'l RE License #429375 Listed on: 06/17/2023

Last Buyer's Agent

Leslie Jones

RE/MAX Around Atlanta Realty License #368252

RE/MAX Around Atlanta Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,160

Year Built

  • Built in 2006

Lot Details

  • 0.41 Acre Lot
  • Level Lot

Home Design

  • Craftsman Architecture
  • Traditional Architecture
  • Composition Roof
  • Concrete Siding
  • Stone Siding
  • Four Sided Brick Exterior Elevation
  • Stone

Interior Spaces

  • 2-Story Property
  • Bookcases
  • Tray Ceiling
  • Vaulted Ceiling
  • Ceiling Fan
  • 2 Fireplaces
  • Great Room
  • Family Room
  • Home Office
  • Library
  • Home Gym
  • Pull Down Stairs to Attic

Kitchen

  • Convection Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Double Vanity
  • Soaking Tub
  • Bathtub Includes Tile Surround

Laundry

  • Laundry Room
  • Laundry in Hall

Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom
  • Natural lighting in basement

Parking

  • Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Patio
  • Porch

Schools

  • Morgan County Primary/Elementa Elementary School
  • Morgan County Middle School
  • Morgan County High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 4

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include ground maintenance, swimming, tennis
  • Madison Lakes Subdivision
  • Community Lake

Recreation

  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,160

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 2006
  • ArchitecturalStyle: Brick 4 Side, Craftsman, Traditional
  • Main Level Half Bathrooms: 1
  • Financing Type: FHA
  • Levels: Two
  • Lot Size Acres: .41
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Total Finished Area2: 5939
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Convection Oven, Cooktop, Dishwasher, Disposal, Microwave
  • Bedrooms: 6
  • Basement: Bath Finished, Daylight, Finished, Full
  • Below Grade Finished Sq Ft: 2499
  • Total Finished Sq Ft: 3440
  • Above Grade Finished Sq Ft: 3440
  • Interior Amenities: Bookcases, Tray Ceiling(s), Vaulted Ceiling(s), High Ceilings, Double Vanity, Soaking Tub, Pulldown Attic Stairs, Tile Bath, Walk-In Closet(s), Master On Main Level
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Flooring: Hardwood, Tile, Carpet

Beds/Baths

  • Lower Level Full Bathrooms: 1
  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 1
  • Bedroom Lower Level: 2
  • Bedroom Main Level: 3

Exterior Features

  • Construction Materials: Concrete, Stone, Brick
  • Lot Features: Level
  • Patio And Porch Features: Deck, Patio, Porch
  • Property Condition: Resale
  • Roof: Composition

Garage/Parking

  • Parking Features: Attached, Garage Door Opener, Garage

Utilities

  • Cooling: Electric, Ceiling Fan(s), Central Air
  • Heating: Electric, Central
  • Laundry Features: In Hall
  • Sewer: Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Community Features: Clubhouse, Gated, Lake, Fitness Center, Playground, Pool, Sidewalks, Street Lights, Tennis Court(s)

Fee Information

  • Association Fee Includes: Maintenance Grounds, Swimming, Tennis

Schools

  • Elementary School: Morgan County Primary/Elementa
  • High School: Morgan County
  • High School Bus: Yes
  • Middle School: Morgan County
  • Middle School Bus: Yes

Lot Info

  • Lot: 4

Multi Family

  • Total Fireplaces: 2

Tax Info

  • Year: 2022
  • Tax Annual Amount: 5159.69

MLS Schools

  • Elementary Bus Line: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2023
Closed on
Oct 11, 2023
Sold by
Skinner James Daniel
Bought by
Banks Miles Leann and Crosby Miles Trenton
Seller's Agent
Valerie Thompson
Ansley RE|Christie's Int'l RE
Buyer's Agent
Leslie Jones
RE/MAX Around Atlanta Realty
List Price
$685,000
Sold Price
$645,000
Premium/Discount to List
-$40,000
-5.84%
Views
296
Current Estimated Value
$733,294

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,294
Avg. Annual Appreciation
6.46%
Original Mortgage
$5,484,350
Outstanding Balance
$5,372,745
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
-$4,639,451

Purchase Details

Listed on
Oct 29, 2020
Closed on
Dec 28, 2020
Sold by
Ray Donald David
Bought by
Skinner James Danniel and Skinner Lacy Jo
Seller's Agent
Joe Stockdale
Joe Stockdale Real Estate, LLC
Buyer's Agent
Angie Kitchens
NOT A VALID MEMBER
List Price
$519,000
Sold Price
$507,500
Premium/Discount to List
-$11,500
-2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.97%
Original Mortgage
$482,125
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 29, 2012
Sold by
Ray David and Ray Mary P
Bought by
Ray Donald D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 2009
Sold by
Star Home Builders Inc
Bought by
Ray David and Ray Mary P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$313,650
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2006
Sold by
Madison Lakes Llc
Bought by
Star Homes Builders Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
6.67%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Date Buyer Sale Price Title Company
Banks Miles Leann $645,000 --
Skinner James Danniel $507,500 --
Ray Donald D -- --
Ray David $348,500 --
Star Homes Builders Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Banks Miles Leann $5,484,350
Previous Owner Skinner James Danniel $482,125
Previous Owner Ray Donald D $320,000
Previous Owner Ray David $313,650
Previous Owner Star Homes Builders Inc $375,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/11/2023 10/11/23 Sold $645,000 -5.0% $109 / Sq Ft
08/22/2023 08/22/23 Pending -- -- --
08/11/2023 08/11/23 Price Changed $679,000 -0.9% $114 / Sq Ft
06/17/2023 06/17/23 For Sale $685,000 +35.0% $115 / Sq Ft
12/28/2020 12/28/20 Sold $507,500 -2.2% $86 / Sq Ft View Prior Sale
11/17/2020 11/17/20 Pending -- -- --
10/29/2020 10/29/20 For Sale $519,000 -- $88 / Sq Ft
Source: Georgia MLS

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $5,698 $250,109 $20,000 $230,109
2023 $5,150 $221,156 $20,000 $201,156
2022 $5,139 $212,068 $20,000 $192,068
2021 $4,986 $208,068 $16,000 $192,068
2020 $5,224 $212,732 $16,000 $196,732
2019 $5,301 $212,431 $16,000 $196,431
2018 $5,184 $204,762 $20,000 $184,762
2017 $4,669 $180,240 $18,000 $162,240
2016 $4,716 $180,240 $18,000 $162,240
2015 $4,052 $180,240 $18,000 $162,240
2014 $4,357 $169,160 $6,000 $163,160
2013 -- $133,040 $4,000 $129,040
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2023

    Valerie Thompson

    Ansley RE|Christie's Int'l RE

    (706) 474-2132

    1 in this area

    2 Total Sales

    Valerie Thompson
    Section Image
  • Leslie Jones

    Buyer's Agent in 2023

    Leslie Jones

    RE/MAX

    (706) 817-8662

    9 in this area

    47 Total Sales

    Leslie Jones
    Section Image
  • Joe Stockdale

    Seller's Agent in 2020

    Joe Stockdale

    Joe Stockdale Real Estate, LLC

    (404) 754-4701

    7 in this area

    669 Total Sales

    Joe Stockdale
    Section Image
  • William (Justin) Hornsby

    Seller Co-Listing Agent in 2020

    William (Justin) Hornsby

    Joe Stockdale Real Estate, LLC

    (770) 841-1274

    2 in this area

    73 Total Sales

    William (Justin) Hornsby
    Section Image

  • A

    Buyer's Agent in 2020

    Angie Kitchens

    NOT A VALID MEMBER

    Section Image
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Map

Source: Georgia MLS

MLS Number: 20129322

Georgia MLS

APN: 046C048000

Georgia Morgan County Madison 30650

1050 W Magnolia Loop, Madison, GA

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