NOT LISTED FOR SALE

1121 W Magnolia Loop Madison, GA 30650

Estimated Value: $524,526 - $626,000

4 Beds
3.5 Baths
2,866 Sq Ft
$202/Sq Ft Est. Value

Last Sold June 03, 2016

Last sale price $325,000 $113 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $3,621/month

35 Days on Market

Highlights

  • Custom Closet System
  • Craftsman Architecture
  • Deck
  • Morgan County Primary School Rated A-
  • Clubhouse
  • Vaulted Ceiling

About This Home

As of June 2016

Come see this great buy in Madison lakes~ a gated swim/tennis community minutes from I-20 and Downtown Madison. Great floor plan with 3 Bedrooms including Master Suite on the Main.Grand Kitchen with granite counters, tumbled marble back splash,two pantries,new stainless upgraded appliances including Refrigerator and Gas 4 burner stove with double ovens. Kitchen features bar area for seating, Breakfast area and Keeping Room all with abundant windows. Dining Room just off Kitchen provides additional entertaining space. Great Room has vaulted ceiling and trey ceiling, large walk in closet and Master Bath with his and her vanities, tile fireplace. Master Suite features double trey ceiling, large walk in closet, his and her vanities, tiled shower and large jetted garden tub with tile surround. The two secondary bedrooms share a jack and jill bath. Half bath with pedestal sink is on main as well as laundry room with shelving. Upstairs is a bonus size fourth bedroom with private third full bath. Secondary bedrooms have tub shower combos with tile surround. Outdoor living space features partially covered deck that has been expanded and covered patio off the basement. Back yard is wooded and private. Unfinished basement stubbed for bath with potential for more space. Since purchasing owners have painted interior, extended deck, added gutter guards, landscaped, installed window blinds and add a Wave fresh air system in the basement.

Last Agent to Sell the Property

Lynn Harder

Coldwell Banker Upchurch Realty License #316319 Listed on: 03/29/2016

Coldwell Banker Upchurch Realty

Last Buyer's Agent

Non Member

ATHENS AREA ASSOCIATION OF REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,608

Year Built

  • Built in 2014

Lot Details

  • 0.54 Acre Lot

HOA Fees

  • $83 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Parking Available
  • Garage Door Opener
  • Additional Parking

Home Design

  • Craftsman Architecture
  • Brick Exterior Construction
  • Poured Concrete
  • HardiePlank Type

Interior Spaces

  • 2,866 Sq Ft Home
  • 1.5-Story Property
  • Tray Ceiling
  • Vaulted Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Window Treatments
  • Entrance Foyer
  • Great Room with Fireplace
  • Storage
  • Attic

Kitchen

  • Convection Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • Custom Closet System

Unfinished Basement

  • Interior and Exterior Basement Entry
  • Stubbed For A Bathroom

Outdoor Features

  • Deck
  • Covered patio or porch

Schools

  • Morgan County Elementary School
  • Morgan County Middle School
  • Morgan County High School

Utilities

  • Cooling Available
  • Central Heating
  • Heat Pump System
  • Underground Utilities

Listing and Financial Details

  • Assessor Parcel Number 046C 066

Community Details

Overview

  • Association fees include clubhouse, ground maintenance, pool(s), tennis courts
  • Madison Lakes Subdivision

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,608

Year Built

Built in 2014

Lot Details

0

HOA Fees

$83 per month

Parking

3

Listing Details

  • Directions: I-20 Ext # 114- HWY 441~Head South 1.5 Miles to Madison Lakes on right~ Once through security gate, turn right at roundabout~ Home on right
  • Prop. Type: Residential
  • Year Built: 2014
  • Property Sub Type: Single Family Residence
  • Lot Size Acres: 0.54
  • Ownership: Owner
  • Subdivision Name: Madison Lakes
  • Architectural Style: Craftsman
  • Garage Yn: Yes
  • Unit Levels: One and One Half
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Convection Oven, Dishwasher, Gas Range, Microwave, Refrigerator, Some Commercial Grade
  • Interior Amenities: Attic, Tray Ceiling(s), Ceiling Fan(s), Custom Cabinets, High Ceilings, Pantry, Solid Surface Counters, Vaulted Ceiling(s), Window Treatments, Bedroom on Main Level, Entrance Foyer, Main Level Primary, Primary Suite, Storage
  • Has Basement: Exterior Entry, Interior Entry, Bath/Stubbed, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: One, Great Room
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Living Area: 2866.0
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Window Features: Double Pane Windows, Window Treatments
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Deck, Porch, Patio
  • Pool Features: Association
  • Disclosures: Disclosure on File
  • Home Warranty: No
  • Construction Type: Brick, HardiPlank Type
  • Foundation Details: Poured
  • Patio And Porch Features: Covered, Deck, Patio, Porch

Garage/Parking

  • Parking Features: Additional Parking, Attached, Garage, Garage Door Opener, Parking Available
  • Garage Spaces: 3.0
  • Total Parking Spaces: 2.0

Utilities

  • Sewer: Private Sewer
  • Utilities: Underground Utilities
  • Cooling: Electric, Heat Pump
  • Cooling Y N: Yes
  • Heating: Central, Heat Pump
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: Clubhouse, Pool, Sidewalks, Tennis Court(s)
  • Association Fee: 1000.0
  • Association Fee Frequency: Annually
  • Association: Yes

Fee Information

  • Association Fee Includes: Clubhouse, Maintenance Grounds, Pool(s), Tennis Courts

Schools

  • Elementary School: Morgan County
  • High School: Morgan County
  • Middle Or Junior School: Morgan County

Lot Info

  • Parcel #: 046C 066
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2016
Closed on
Jun 3, 2016
Sold by
Ricks John M
Bought by
Desai Prasannakumar and Desai Amisha
Seller's Agent
Lynn Harder
Coldwell Banker Upchurch Realty
Buyer's Agent
Non Member
ATHENS AREA ASSOCIATION OF REALTORS
List Price
$325,000
Sold Price
$325,000
Total Days on Market
35
Current Estimated Value
$579,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$254,382
Avg. Annual Appreciation
6.40%
Original Mortgage
$308,750
Outstanding Balance
$249,347
Interest Rate
3.61%
Mortgage Type
New Conventional
Estimated Equity
$320,570

Purchase Details

Listed on
Mar 6, 2014
Closed on
Aug 15, 2014
Sold by
Res Ga Madison Lakes Llc
Bought by
Ricks John M and Ricks Wendy S
Seller's Agent
Jim Littleton
Keller Williams Realty Lake Oconee
Buyer's Agent
Selling Agent Non-Member
NON MLS MEMBER
List Price
$319,900
Sold Price
$302,000
Premium/Discount to List
-$17,900
-5.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.16%
Original Mortgage
$241,600
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 5, 2010
Sold by
Star Home Builders Inc
Bought by
Res Ga Madison Lakes Llc

Purchase Details

Closed on
Aug 30, 2006
Sold by
Madison Lakes Llc
Bought by
Star Homes Builders 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
Desai Prasannakumar $325,000 --
Ricks John M $302,000 --
Res Ga Madison Lakes Llc $113,400 --
Star Homes Builders Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Desai Prasannakumar $308,750
Previous Owner Ricks John M $241,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2016 06/03/16 Sold $325,000 0.0% $113 / Sq Ft
05/04/2016 05/04/16 Pending -- -- --
03/29/2016 03/29/16 For Sale $325,000 +7.6% $113 / Sq Ft
08/15/2014 08/15/14 Sold $302,000 -5.6% $140 / Sq Ft
07/28/2014 07/28/14 Pending -- -- --
03/06/2014 03/06/14 For Sale $319,900 -- $148 / Sq Ft
Source: CLASSIC MLS (Athens Area Association 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 $3,608 $160,335 $20,000 $140,335
2023 $3,437 $148,232 $20,000 $128,232
2022 $3,324 $137,882 $20,000 $117,882
2021 $3,239 $133,882 $16,000 $117,882
2020 $3,269 $133,882 $16,000 $117,882
2019 $3,323 $133,882 $16,000 $117,882
2018 $3,420 $135,742 $20,000 $115,742
2017 $3,497 $134,979 $15,600 $119,379
2016 $3,444 $132,153 $20,000 $112,153
2015 $3,183 $120,840 $18,000 $102,840
2014 $2,069 $79,360 $6,000 $73,360
2013 -- $18,360 $4,000 $14,360
Source: Public Records

Agents Affiliated with this Home

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Map

Source: CLASSIC MLS (Athens Area Association of REALTORS®)

MLS Number: 949364

CLASSIC MLS (Athens Area Association of REALTORS®)

APN: 046C066000