NOT LISTED FOR SALE

2022 Magnolia Tree Ln Durham, NC 27703

Estimated Value: $477,623 - $498,000

3 Beds
2.5 Baths
2,137 Sq Ft
$230/Sq Ft Est. Value

Last Sold September 12, 2024

Last sale price $495,000 $232 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,024/month

13 Days on Market

Highlights

  • Open Floorplan
  • Sun or Florida Room
  • Community Pool
  • Traditional Architecture
  • Granite Countertops
  • Home Office

About This Home

As of September 2024

Welcome to this amazing home with an abundance of space! Open floor plan boasts a generous living room with soaring ceilings and incredible natural light. The kitchen offers excellent counter and cabinet space for cooking and entertaining, and don't miss the walk-in pantry. The separate dining area is out of this world. Tucked away off the kitchen is a flex space ideal for an at-home office. Enjoy the view from the sunroom overlooking the spacious fenced backyard. The primary bedroom and bath create a desirable place to relax. The second floor features two more sizable bedrooms. Community amenities include pool and playground! Conveniently located near RTP, Downtown Durham, 147 and shopping.

Last Agent to Sell the Property

Regina Crouse

Nest Realty of the Triangle License #203516 Listed on: 07/26/2024

Nest Realty of the Triangle

Last Buyer's Agent

Lisa McQuillen

Coldwell Banker HPW License #209781

Coldwell Banker HPW

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,529

Year Built

  • Built in 2018

Lot Details

  • 0.25 Acre Lot
  • Back Yard
  • Property is zoned PDR 4.000

HOA Fees

  • $58 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding
  • Stone Veneer

Interior Spaces

  • 2,137 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Home Office
  • Sun or Florida Room
  • Pull Down Stairs to Attic

Kitchen

  • Built-In Electric Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Soaking Tub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Schools

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

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 217559

Community Details

Overview

  • Rustica Oaks Master Association, Phone Number (919) 878-8787
  • Rustica Oaks Subdivision

Recreation

  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,529

Year Built

Built in 2018

Lot Details

0

HOA Fees

$58 per month

Parking

2

Listing Details

  • Year Built: 2018
  • Prop. Type: Residential
  • Reso Association Fee Includes: None
  • Subdivision Name: Rustica Oaks
  • Above Grade Finished Sq Ft: 2137.0
  • Architectural Style: Traditional
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • Appliances Microwave: Yes
  • Attic Features Pull-Down Stairs: Yes
  • Cooling Central Air: Yes
  • Foundation Details Slab: Yes
  • Laundry Features Laundry Room: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • Room Types Bedroom 2 Level: Second
  • Room Types Bedroom 3 Level: Second
  • Room Types Dining Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Office: Yes
  • Room Types Primary Bedroom Level: Second
  • Appliances Refrigerators: Yes
  • Room Types Living Room2: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Room Types Sunroom: Yes
  • General Property Information Association Phone: 9198788787
  • Flooring Laminate: Yes
  • General Property Information Enhanced Accessible2: No
  • General Property Information Monthly Association Fees2: 58.0
  • Roof:Shingle: Yes
  • Room Types Entrance Hall: Yes
  • General Property Information Above Grade Finished Area: 2137.0
  • Room Types Primary Bathroom Level: Second
  • Room Types Laundry2: Yes
  • General Property Information Lot Size Square Feet2: 10890.0
  • General Property Information Lot Size Acres: 0.25
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Laminate
  • Interior Amenities: Ceiling Fan(s), Entrance Foyer, Granite Counters, Open Floorplan, Pantry, Soaking Tub, Walk-In Closet(s)
  • Appliances: Built-In Electric Range, Dishwasher, Dryer, Gas Water Heater, Microwave, Refrigerator, Washer
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Total Bedrooms: 11
  • Appliances Dishwasher: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Appliances:Gas Water Heater: Yes
  • Interior Features:Soaking Tub: Yes
  • Interior Features:Open Floorplan: Yes
  • Pool Features:Community: Yes
  • Appliances:Built-In Electric Range: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.25
  • Construction Type: Stone Veneer, Vinyl Siding
  • Foundation Details: Slab
  • Construction Materials:Vinyl Siding: Yes
  • Construction Materials:Stone Veneer: Yes
  • Lot Features:Back Yard2: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Open Parking: No
  • General Property Information:Garage Spaces: 2.0
  • General Property Information:Attached Garage YN: Yes
  • General Property Information:Open Parking YN2: No

Utilities

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association Fee: 58.0
  • Association Fee Frequency: Monthly
  • Association Name: Rustica Oaks Master Association
  • Phone: 919-878-8787
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Rustica Oaks Master Association
  • Association Amenities:Pool: Yes
  • Association Amenities:Playground: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 58.0
  • General Property Information:Association Fee Frequency: Monthly

Schools

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

Lot Info

  • Zoning: PDR 4.000
  • Lot Size Sq Ft: 10890.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 217559

Tax Info

  • Tax Annual Amount: 3529.0
  • Tax Year: 2023
  • Tax Map Number: 194-124

MLS Schools

  • Elementary School: Durham - Harris

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2024
Closed on
Sep 9, 2024
Sold by
Nealing Walter C
Bought by
Torres Jhovy and Montes Deoca Melissa
Seller's Agent
Regina Crouse
Nest Realty of the Triangle
Buyer's Agent
Lisa McQuillen
Coldwell Banker HPW
List Price
$499,900
Sold Price
$495,000
Premium/Discount to List
-$4,900
-0.98%
Views
32
Current Estimated Value
$490,656

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,344
Avg. Annual Appreciation
-0.80%
Original Mortgage
$470,250
Outstanding Balance
$465,219
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$25,437

Purchase Details

Listed on
Jun 3, 2022
Closed on
Jun 30, 2022
Sold by
Nicole Plotts Ashley and Wyatt Nathan
Bought by
Nealing Walter C
Seller's Agent
Ashley Wilson DeWeese
Keller Williams Legacy
Buyer's Agent
Regina Crouse
Nest Realty of the Triangle
List Price
$499,900
Sold Price
$475,000
Premium/Discount to List
-$24,900
-4.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.90%
Original Mortgage
$427,500
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2018
Sold by
Mungo Homes Of North Carolina Inc
Bought by
Plotts Ashley Nicole and Plotts Nathan Wyatt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,256
Interest Rate
4.4%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Torres Jhovy $495,000 None Listed On Document
Nealing Walter C $475,000 Jackson Law Pc
Plotts Ashley Nicole $281,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torres Jhovy $470,250
Previous Owner Nealing Walter C $427,500
Previous Owner Plotts Ashley Nicole $267,256
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/12/2024 09/12/24 Sold $495,000 -1.0% $232 / Sq Ft
08/09/2024 08/09/24 Pending -- -- --
07/26/2024 07/26/24 For Sale $499,900 +5.2% $234 / Sq Ft
12/14/2023 12/14/23 Off Market $475,000 -- --
07/05/2022 07/05/22 Sold $475,000 0.0% $214 / Sq Ft View Prior Sale
06/10/2022 06/10/22 Pending -- -- --
06/06/2022 06/06/22 Price Changed $475,000 -5.0% $214 / Sq Ft
06/02/2022 06/02/22 For Sale $499,900 -- $226 / Sq Ft
Source: Doorify 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
2025 $4,468 $450,718 $94,500 $356,218
2024 $3,758 $269,410 $62,750 $206,660
2023 $3,529 $269,410 $62,750 $206,660
2022 $3,448 $269,410 $62,750 $206,660
2021 $3,432 $269,410 $62,750 $206,660
2020 $3,351 $269,410 $62,750 $206,660
2019 $3,351 $269,410 $62,750 $206,660
2018 $596 $21,962 $21,962 $0
2017 $296 $21,962 $21,962 $0
2016 $286 $43,925 $43,925 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10043559

Doorify MLS

APN: 217559