NOT LISTED FOR SALE

1070 E Magnolia Loop Madison, GA 30650

Estimated Value: $578,000 - $656,000

4 Beds
3.5 Baths
3,452 Sq Ft
$177/Sq Ft Est. Value

Last Sold January 12, 2021

Last sale price $389,000 $113 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $3,759/month

134 Days on Market

Highlights

  • Fitness Center
  • Gated Community
  • Clubhouse
  • Morgan County Primary School Rated A-
  • Landscaped Professionally
  • Covered Deck

About This Home

As of January 2021

Elegant Living in Madison Lakes in this 4 BR/3.5 Ba, 3,400 Sq. Ft. Traditional 2 Story Home on over 1 Acre Level Lot in one of Madison Georgia's sought after Subdivisions. Main Level Boasts Designer Kitchen Open Floor Plan to Living Rm w/ Fireplace, Built Ins & Crown Molding for Entertaining guests. Spacious Owner's Suite on Main level w/Trey Ceilings & Luxurious Bath w/Tile Shower, Garden Tub & Dual Sinks set in Cultured Marble. Home Office/Library also on Main level with it's own fireplace. Upper Level offers 3 Br's, 2 Full Baths & Lots of Storage. Enjoy your Custom Home in Madison Lakes w/Clubhouse, Swimming Pool, Tennis Courts, Playground & sidewalks. Leased until December 31, 2020. Reduced to $399,000! 48 Hour showing notice required.

Last Agent to Sell the Property

Jason Minchey

Drake Realty Lake Area, Inc. License #170130 Listed on: 08/17/2020

Drake Realty Lake Area, Inc.

Co-Listed By

Jack Minchey

Drake Realty Lake Area, Inc. License #107612

Last Buyer's Agent

Jason Minchey

Drake Realty Lake Area, Inc. License #170130 Listed on: 08/17/2020

Drake Realty Lake Area, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,169

Year Built

  • Built in 2005

Lot Details

  • 1.05 Acre Lot
  • Landscaped Professionally
  • Level Lot
  • Partially Wooded Lot

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 3,452 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Crown Molding
  • Tray Ceiling
  • Entrance Foyer
  • Home Office
  • Crawl Space
  • Pull Down Stairs to Attic
  • Fire and Smoke Detector

Kitchen

  • Breakfast Bar
  • Double Oven
  • Cooktop
  • Built-In Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Dual Sinks
  • Garden Bath
  • Separate Shower

Parking

  • 2 Car Attached Garage
  • Driveway

Outdoor Features

  • Covered Deck
  • Covered patio or porch

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 046C 010

Community Details

Overview

  • Property has a Home Owners Association
  • Madison Lakes Subdivision

Recreation

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

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,169

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Sub Type: Residential Home
  • Architectural Style: Traditional
  • Property Status: Standard Listing
  • Property Features: Paved Driveway, Professional Landscaping
  • Location: Rural
  • Subdivision: MADISON LAKES
  • Directions: From LCBR go South to right on Harmony Rd. to Right on Hwy 441 to almost all the way to Madison. Madison Lakes on left before I-20.
  • Year Built: 2005
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Tile, Wood
  • Room Features: Breakfast Bar, Built-Ins, Crown Moldings, Dual Sinks, Garden Tub, Granite Countertops, Separate Shower, Trey Ceiling, Walk-In Closet, Granite
  • Appliances: Built in Microwave, Cook Top, Dishwasher, Double Ovens
  • Interior Amenities: Smoke Detector, Master on Main
  • Levels W O Basement: 2 Story
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Other Rooms: Attic w/ Pull Down Stairs, Den, Foyer, Office
  • Estimated Heated Sq Ft: 3452

Exterior Features

  • Exterior: Brick, Hardy Board
  • Exterior Features: Covered Deck, Covered Porch, Deck
  • Roof: Asphalt/Comp Shingle
  • Substructure: Crawl Space

Garage/Parking

  • Garage: 2 Car Attached

Utilities

  • Air Conditioner: Heat Pump
  • Heat: Heat Pump
  • Sewer: Commercial System
  • Tv Cable Communications: Cable, Cable Internet, DSL
  • Water Heater: Electric

Association/Amenities

  • Community Features: Clubhouse, Gated, Gym/Exercise Facility, Playground, Pool, Tennis Courts

Condo/Co-op/Association

  • Property Owners Assoc: 1,000
  • Property Owners Assoc: Yes

Lot Info

  • Lot Number: 10
  • Plat Page: 33, 13
  • Estimated Number of Acres: 1.05
  • Deed Page: 277, 128
  • General Zoning Class: Residential
  • Geo Subdivision: GA
  • Phase: 1
  • Assessor Parcel Number: 046C 010
  • Topography: Level, Partially Wooded

Tax Info

  • Last Years Taxes: 3,940.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2020
Closed on
Jan 12, 2021
Sold by
Sangam Chandra S
Bought by
Kirchoff Annanicole
Seller's Agent
Jason Minchey
Drake Realty Lake Area, Inc.
Buyer's Agent
Jason Minchey
Drake Realty Lake Area, Inc.
List Price
$410,000
Sold Price
$389,000
Premium/Discount to List
-$21,000
-5.12%
Total Days on Market
134
Current Estimated Value
$610,639

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$221,639
Avg. Annual Appreciation
10.72%

Purchase Details

Closed on
Sep 30, 2005
Sold by
Crooked Creek Homes Inc
Bought by
Sangam Chandra S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 2004
Sold by
Madison Lakes Llc
Bought by
Crooked Creek Homes Inc

Purchase Details

Closed on
Dec 22, 2004
Sold by
Madison Lakes Llc
Bought by
Crooked Creek Homes Inc
Source: Public Records

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Range of Values:

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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
Kirchoff Annanicole $389,000 --
Sangam Chandra S $375,000 --
Crooked Creek Homes Inc $65,000 --
Crooked Creek Homes Inc $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sangam Chandra S $98,819
Previous Owner Sangam Chandra S $95,000
Previous Owner Sangam Chandra $95,000
Previous Owner Sangam Chandra S $300,000
Previous Owner Sangam Chandra S $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2021 01/12/21 Sold $389,000 -2.5% $113 / Sq Ft
12/29/2020 12/29/20 Pending -- -- --
10/16/2020 10/16/20 Price Changed $399,000 -2.7% $116 / Sq Ft
08/17/2020 08/17/20 For Sale $410,000 0.0% $119 / Sq Ft
10/15/2012 10/15/12 Rented $43,200 +2600.0% --
10/14/2012 10/14/12 Under Contract -- -- --
10/02/2012 10/02/12 For Rent $1,600 -- --
Source: Lake Country Board of REALTORS®

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 $4,169 $182,972 $21,600 $161,372
2023 $3,915 $166,600 $21,600 $145,000
2022 $3,806 $158,788 $21,600 $137,188
2021 $3,895 $158,595 $16,000 $142,595
2020 $3,877 $156,396 $16,000 $140,396
2019 $3,553 $141,042 $16,000 $125,042
2018 $3,643 $142,462 $20,000 $122,462
2017 $3,677 $141,942 $15,600 $126,342
2016 $3,588 $135,600 $20,000 $115,600
2015 $3,196 $119,280 $18,000 $101,280
2014 $3,047 $118,880 $6,000 $112,880
2013 -- $92,280 $4,000 $88,280
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Country Board of REALTORS®

MLS Number: 57240

Lake Country Board of REALTORS®

APN: 046C010000