NOT LISTED FOR SALE

1141 W Magnolia Loop Madison, GA 30650

Estimated Value: $575,827 - $719,000

0.75 Acre
$896,276 Price per Acre
32,670 Sq Ft Lot

Last Sold April 29, 2016

Last sale price $40,000

Est. 1,581% increase in value since last sale

Current estimated payment $3,914/month

Highlights

  • Golf Course Community
  • Fitness Center
  • Community Lake
  • Morgan County Primary School Rated A-
  • Gated Community
  • Clubhouse

About This Lot

As of April 2016

Madison Lakes is a gated community with a swimming pool, lighted tennis courts, and clubhouse. New homes are currently under construction and selling well. Build your favorite floor plan and get just the home you want in a great community. Easy access to I20, shopping and downtown Madison.

Last Agent to Sell the Property

Beth Erwin

Southern Classic, REALTORS License #217470 Listed on: 09/01/2015

Southern Classic, REALTORS

Last Buyer's Agent

Selling Agent Non-Member

NON MLS MEMBER

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,751

Lot Details

  • 0.75 Acre Lot
  • Level Lot

Utilities

  • Internet Available
  • Phone Available

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number LL 5&6 D 5th

Community Details

Overview

  • Property has a Home Owners Association
  • Madison Lakes Subdivision
  • Community Lake

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool
  • Horse Trails
  • Trails

Additional Features

  • Clubhouse
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$4,751

Lot Details

0

Listing Details

  • Class: LAND
  • Type: Land
  • Sub Type: Golf Comm Lot
  • Property Status: Standard Listing
  • Location: Rural
  • Subdivision: MADISON LAKES
  • Directions: I20 to exit 114 and travel 1.5 miles south on 441 to Madison Lakes on right. Enter thru gate and take 1st right to W Magnolia Loop. Lot on right
  • Special Features: 20
  • Property Sub Type: LotsLands

Exterior Features

  • Water Or Water View: Community Lake
  • Road Paved: Yes

Utilities

  • Tv Cable Communications: DSL Available, Phone Available

Association/Amenities

  • Community Features: Clubhouse, Gated, Gym/Exercise Facility, Playground, Pool, Riding Trails, Tennis Courts, Walking Trails, Community Lake/Pond

Condo/Co-op/Association

  • Property Owners Assoc: 1000
  • Property Owners Assoc: Yes

Lot Info

  • Lot Number: 20
  • Plat Page: 39, 10
  • Estimated Number of Acres: 0.75
  • General Zoning Class: Residential
  • Geo Subdivision: GA
  • Phase: 1
  • Assessor Parcel Number: LL 5&6 D 5th
  • Topography: Level

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2015
Closed on
Apr 27, 2016
Sold by
Gwinnett Community Bank
Bought by
Richardson Terry and Richardson Brandi
Seller's Agent
Beth Erwin
Southern Classic, REALTORS
Buyer's Agent
Selling Agent Non-Member
NON MLS MEMBER
List Price
$42,700
Sold Price
$40,000
Premium/Discount to List
-$2,700
-6.32%
Current Estimated Value
$672,207

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$632,207
Avg. Annual Appreciation
34.58%
Original Mortgage
$40,341
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 6, 2014
Sold by
Star Homes Builders Inc
Bought by
Gwinnett Community Bank

Purchase Details

Closed on
Aug 5, 2014
Sold by
Star Homes Builders Inc
Bought by
Gwinnet Community Bank

Purchase Details

Closed on
Aug 30, 2006
Sold by
Madison Lakes Llc
Bought by
Star Homes Builders Inc
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
Richardson Terry $40,000 --
Gwinnett Community Bank -- --
Gwinnet Community Bank $140,000 --
Star Homes Builders Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Richardson Terry $40,341
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2016 04/29/16 Sold $40,000 -6.3% --
04/07/2016 04/07/16 Pending -- -- --
09/01/2015 09/01/15 For Sale $42,700 -- --
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 $4,751 $208,515 $20,000 $188,515
2023 $4,508 $191,838 $20,000 $171,838
2022 $4,348 $177,736 $20,000 $157,736
2021 $4,267 $173,736 $16,000 $157,736
2020 $4,307 $173,736 $16,000 $157,736
2019 $4,377 $173,736 $16,000 $157,736
2018 $4,422 $172,931 $20,000 $152,931
2017 $404 $15,600 $15,600 $0
2016 $529 $20,000 $20,000 $0
2015 $482 $18,000 $18,000 $0
2014 $156 $6,000 $6,000 $0
2013 -- $4,000 $4,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Beth Erwin

    Seller's Agent in 2016

    Beth Erwin

    Southern Classic, REALTORS

    (404) 202-6950

    15 in this area

    51 Total Sales

    Beth Erwin
    Section Image

  • S

    Buyer's Agent in 2016

    Selling Agent Non-Member

    NON MLS MEMBER

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Map

Source: Lake Country Board of REALTORS®

MLS Number: 42102

Lake Country Board of REALTORS®

APN: 046C064000

Georgia Morgan County Madison 30650

1141 W Magnolia Loop, Madison, GA

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