NOT LISTED FOR SALE

Estimated Value: $489,060 - $531,000

3 Beds
2.5 Baths
2,466 Sq Ft
$206/Sq Ft Est. Value

Last Sold March 14, 2025

Last sale price $500,000 $203 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,138/month

47 Days on Market

Highlights

  • Transitional Architecture
  • Main Floor Primary Bedroom
  • Sun or Florida Room
  • Engineered Wood Flooring
  • Loft
  • Private Yard

About This Home

As of March 2025

Discover timeless elegance in this beautifully maintained home, thoughtfully crafted with a flowing layout and an abundance of natural light. The well-designed floor plan includes a private first-floor Primary Suite featuring a tray ceiling and a charming bay window sitting area. At the heart of the home, the kitchen connects to the formal Dining and Living Rooms, creating an inviting space perfect for gatherings and entertaining. A versatile Sunroom offers flexible options for Home Office, Reading Room, or Playroom. Freshly painted interiors add a polished touch. Located in the highly sought-after Magnolia Place Community, this home offers unmatched convenience to Raleigh, Durham, I-540/70, Brier Creek's dining and shopping, and Research Triangle Park. Lovingly cared for by its original owner since 2002, this gem is a rare find—don't miss your chance to make it yours!

Last Agent to Sell the Property

Marianne Mansour

Compass -- Raleigh License #285588 Listed on: 12/21/2024

Compass -- Raleigh

Last Buyer's Agent

Becky Briggs

Keller Williams Realty Cary License #302337

Keller Williams Realty Cary

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,402

Year Built

  • Built in 2002

Lot Details

  • 9,148 Sq Ft Lot
  • Private Yard
  • Garden

HOA Fees

  • $54 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 2 Open Parking Spaces

Home Design

  • Transitional Architecture
  • Traditional Architecture
  • Brick Veneer
  • Brick Foundation
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,466 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • French Doors
  • Family Room
  • Living Room with Fireplace
  • Breakfast Room
  • Dining Room
  • Loft
  • Sun or Florida Room

Kitchen

  • Built-In Electric Range
  • Dishwasher

Flooring

  • Engineered Wood
  • Carpet
  • Ceramic Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Laundry in unit
  • Washer and Dryer

Attic

  • Scuttle Attic Hole
  • Unfinished Attic

Schools

  • Bethesda Elementary School
  • Lowes Grove Middle School
  • Hillside High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Accessible Full Bathroom
  • Rain Gutters

Listing and Financial Details

  • Assessor Parcel Number 163956

Community Details

Overview

  • Association fees include insurance, ground maintenance, unknown
  • Towne Properties Association, Phone Number (919) 878-8787
  • Magnolia Place Subdivision
  • Maintained Community

Recreation

  • Community Pool

Additional Features

  • Recreation Room
  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,402

Year Built

Built in 2002

Lot Details

9,148 Sq Ft Lot

HOA Fees

$54 per month

Parking

2

Listing Details

  • Year Built: 2002
  • Prop. Type: Residential
  • Horses: No
  • Reso Association Fee Includes: Insurance, Maintenance Grounds, Unknown
  • Subdivision Name: Magnolia Place
  • Above Grade Finished Sq Ft: 2466.0
  • Architectural Style: Traditional, Transitional
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • General Property Information Above Grade Unfinished Area: 537.0
  • General Property Information Total Unfinished Area2: 537.0
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Architectural Style Transitional: Yes
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Flooring Ceramic Tile: Yes
  • Flooring Hardwood: Yes
  • Levels Two: Yes
  • Room Types Bedroom 2 Level: Second
  • Room Types Bedroom 3 Level: Second
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: Main
  • Room Types Loft: Yes
  • Appliances Refrigerators: Yes
  • Appliances Dryer: Yes
  • Room Types Breakfast Room: Yes
  • Room Types Sunroom: Yes
  • Remarks and Miscellaneous Syndication Remarks2: Discover timeless elegance in this beautifully maintained home, thoughtfully crafted with a flowing layout and an abundance of natural light. The well-designed floor plan includes a private first-floor Primary Suite featuring a tray ceiling and a charming bay window sitting area. At the heart of the home, the kitchen connects to the formal Dining and Living Rooms, creating an inviting space perfect for gatherings and entertaining. A versatile Sunroom offers flexible options for Home Office, Reading Room, or Playroom. Freshly painted interiors add a polished touch. Located in the highly sought-after Magnolia Place Community, this home offers unmatched convenience to Raleigh, Durham, I-540/70, Brier Creek's dining and shopping, and Research Triangle Park. Lovingly cared for by its original owner since 2002, this gem is a rare find—don't miss your chance to make it yours!
  • General Property Information Association Phone: 919.878.8787
  • General Property Information Senior Community YN: No
  • Attic Features Scuttle: Yes
  • Foundation Details BrickMortar: Yes
  • Attic Features Unfinished2: Yes
  • Heating Gas Pack2: Yes
  • General Property Information Enhanced Accessible2: No
  • General Property Information Horse YN2: No
  • General Property Information Spa YN: No
  • General Property Information Above Grade Finished Area: 2466.0
  • Cooling Ceiling Fan(s): Yes
  • Laundry Features Inside: Yes
  • Roof Architectural Shingle: Yes
  • Common Walls No Common Walls: Yes
  • General Property Information Lot Size Square Feet2: 9147.6
  • Flooring Simulated Wood: Yes
  • General Property Information Lot Size Acres: 0.21
  • General Property Information Stories2: 2
  • General Property Information:Living Area3: 2466.0
  • General Property Information Waterfront YN: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Flooring: Carpet, Ceramic Tile, Hardwood, Luxury Vinyl, Simulated Wood
  • Private Spa: No
  • Appliances: Built-In Electric Range, Dishwasher, Dryer, Exhaust Fan, Gas Water Heater, Range, Refrigerator, Washer/Dryer, Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: French Doors
  • Fireplace Features: Gas, Living Room
  • Fireplaces: 1
  • Stories: 2
  • Appliances Dishwasher: Yes
  • Appliances:Gas Water Heater: Yes
  • Fireplace Features:Living Room: Yes
  • Fireplace Features:Gas4: Yes
  • Appliances Range: Yes
  • Fireplace Features:Fireplaces Total: 1
  • Appliances:WasherDryer: Yes
  • Appliances:Exhaust Fan: Yes
  • Appliances:Built-In Electric Range: Yes

Exterior Features

  • Roof: Architectural Shingle
  • Exterior Features: Garden, Private Yard, Rain Gutters
  • Fencing: None
  • Acres: 0.21
  • Waterfront: No
  • Disclosures: Seller Disclosure
  • Home Warranty: No
  • Common Walls: No Common Walls
  • Construction Type: Brick Veneer, Vinyl Siding
  • Foundation Details: Brick/Mortar
  • Exterior Features:Rain Gutters: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Construction Materials:Brick Veneer: Yes
  • Exterior Features:Private Yard: Yes
  • Accessibility Features:Accessible Full Bath: Yes
  • Accessibility Features:Central Living Area: Yes
  • Door Features:French Doors: Yes
  • Exterior Features:Garden: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
  • Total Parking Spaces: 4.0
  • General Property Information:Garage Spaces: 2.0
  • General Property Information:Attached Garage YN: Yes
  • General Property Information:Parking Total: 4.0
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 2.0

Utilities

  • Heating: Electric, Fireplace(s), Forced Air, Gas Pack
  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes
  • Water Heater: Yes
  • Heating:Fireplace(s): Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 652.0
  • Association Fee Frequency: Annually
  • Association Name: Towne Properties
  • Phone: 919-878-8787
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Towne Properties
  • Association Amenities:Pool: Yes
  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Fee Includes:Insurance2: Yes
  • Association Amenities:Maintenance Grounds: Yes
  • Association Amenities:Management: Yes
  • Association Amenities:Recreation Room: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 652.0
  • General Property Information:Association Fee Frequency: Annually

Schools

  • Ninth Grade High School: Durham - Hillside
  • Middle Or Junior School: Durham - Lowes Grove

Lot Info

  • Lot Size Sq Ft: 9147.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 163956
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3401.99
  • Tax Year: 2024

MLS Schools

  • Elementary School: Durham - Bethesda

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2024
Closed on
Mar 14, 2025
Sold by
Gibbs Betty W
Bought by
Martschenko Sarah and Martschenko Alec
Seller's Agent
Marianne Mansour
Compass -- Raleigh
Buyer's Agent
Becky Briggs
Keller Williams Realty Cary
List Price
$520,000
Sold Price
$500,000
Premium/Discount to List
-$20,000
-3.85%
Views
124
Current Estimated Value
$508,265

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,265
Avg. Annual Appreciation
1.65%
Original Mortgage
$450,000
Outstanding Balance
$447,732
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$60,533

Purchase Details

Closed on
Oct 24, 2002
Sold by
Centex Homes
Bought by
Gibbs James O and Gibbs Betty W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,200
Interest Rate
4.37%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Martschenko Sarah $500,000 None Listed On Document
Martschenko Sarah $500,000 None Listed On Document
Gibbs James O $219,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martschenko Sarah $450,000
Closed Martschenko Sarah $450,000
Previous Owner Gibbs James O $175,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/14/2025 03/14/25 Sold $500,000 0.0% $203 / Sq Ft
02/06/2025 02/06/25 Pending -- -- --
01/31/2025 01/31/25 Price Changed $500,000 -3.8% $203 / Sq Ft
12/21/2024 12/21/24 For Sale $520,000 -- $211 / Sq Ft
Source: Doorify MLS

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
2025 $5,272 $531,777 $127,050 $404,727
2024 $3,926 $281,435 $54,450 $226,985
2023 $3,687 $281,435 $54,450 $226,985
2022 $3,602 $281,435 $54,450 $226,985
2021 $3,585 $281,435 $54,450 $226,985
2020 $3,501 $281,435 $54,450 $226,985
2019 $3,501 $281,435 $54,450 $226,985
2018 $3,033 $223,619 $42,350 $181,269
2017 $3,011 $223,619 $42,350 $181,269
2016 $2,910 $223,619 $42,350 $181,269
2015 $3,171 $229,060 $47,403 $181,657
2014 $3,171 $229,060 $47,403 $181,657
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10068108

Doorify MLS

APN: 163956

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