NOT LISTED FOR SALE

2215 Magnolia Tree Ln Durham, NC 27703

Estimated Value: $454,838 - $498,000

4 Beds
2.5 Baths
2,250 Sq Ft
$214/Sq Ft Est. Value

Last Sold September 14, 2022

Last sale price $470,000 $209 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,978/month

15 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • High Ceiling
  • Transitional Architecture
  • Loft
  • Granite Countertops

About This Home

As of September 2022

Magnificent 3 floors with an open floor plan and 5" engineered hardwoods throughout the first floor! Large kitchen-with eat- in area, upgraded gray cabinets and granite countertops in the kitchen and master bathroom. Second floor offers a loft with custom cabinets. Large master with a separate garden tub/shower and WIC, and two secondary bedrooms. Third floor huge bonus room or 4th bedroom Private home site with only one neighbor to the right and backs up to natural preserved area! The pool and playground is a few doors down. A MUST SEE!!

Last Agent to Sell the Property

Jean Bernal

Choice Residential Real Estate License #239688 Listed on: 07/30/2022

Choice Residential Real Estate

Last Buyer's Agent

Jordan Clark

Real Broker, LLC License #275313

Real Broker, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,882

Year Built

  • Built in 2019

Lot Details

  • 3,920 Sq Ft Lot
  • Landscaped with Trees

HOA Fees

  • $57 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener
  • On-Street Parking

Home Design

  • Transitional Architecture
  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 2,250 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • High Ceiling
  • Family Room with Fireplace
  • Breakfast Room
  • Loft
  • Crawl Space
  • Pull Down Stairs to Attic
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Separate Shower in Primary Bathroom
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on upper level

Outdoor Features

  • Deck
  • Rain Gutters

Schools

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

Utilities

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

Community Details

Overview

  • Towne Properties Association
  • Built by Mungo Homes
  • Rustica Oaks Subdivision, Underwood A Floorplan

Recreation

  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,882

Year Built

Built in 2019

Lot Details

0

HOA Fees

$57 per month

Parking

2

Listing Details

  • Builder Name: Mungo Homes
  • Builder Model: Underwood A
  • Year Built: 2019
  • Prop. Type: Residential
  • Subdivision Name: Rustica Oaks
  • Above Grade Finished Sq Ft: 2250.0
  • Architectural Style: Traditional, Transitional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Above Grade Unfinished Area: 468.0
  • General Property Information Total Unfinished Area2: 468.0
  • General Property Information Lot Size Dimensions: see Survey
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Architectural Style Transitional: Yes
  • Attic Features Pull-Down Stairs: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Laundry Features Laundry Room: Yes
  • Security Features Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Basement Walk-In Crawl Space: Yes
  • Cooling Zoned: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Interior Features Separate Shower: Yes
  • Interior Features Smooth Ceilings: Yes
  • Levels Two: Yes
  • Lot Features Hardwood Trees: Yes
  • Room Types Bedroom 2 Level: 2
  • Room Types Bedroom 3 Level: 2
  • Room Types Bedroom 4 Level: 3
  • Room Types Family Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: 2
  • Laundry Features Upper Level: Yes
  • Room Types Loft: Yes
  • Room Types Breakfast Room: Yes
  • Pool Features Swimming Pool ComFee: Yes
  • General Property Information Above Grade Finished Area: 2250.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 3920.4
  • General Property Information Lot Size Acres: 0.09
  • General Property Information Builder Name: Mungo Homes
  • General Property Information Builder Model: Underwood A
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Eat-in Kitchen, Granite Counters, High Ceilings, Pantry, Separate Shower, Smooth Ceilings, Walk-In Closet(s), Walk-In Shower
  • Basement: Walk-In Crawl Space
  • Appliances: Dishwasher, Gas Range, Gas Water Heater, Microwave, Plumbed For Ice Maker
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Family Room
  • Fireplaces: 1
  • Total Bedrooms: 9
  • Appliances Dishwasher: Yes
  • Appliances:Plumbed For Ice Maker: Yes
  • Community Features:Playground2: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Community Features:Street Lights: Yes
  • Fireplace Features:Family Room: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Appliances:Gas Water Heater: Yes
  • Appliances:Gas Range: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Exterior Features: Rain Gutters
  • Acres: 0.09
  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Deck
  • Exterior Features:Rain Gutters: Yes
  • Lot Features:Landscaped: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Deck2: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Garage Door Opener, Garage Faces Front, On Street
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Garage Faces Front: Yes
  • Parking Features:On Street: Yes
  • General Property Information:Garage Spaces: 2.0

Utilities

  • Heating: Natural Gas, Zoned
  • Cooling: Central Air, Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Zoned2: Yes

Condo/Co-op/Association

  • Community Features: Playground, Street Lights
  • Association Fee: 57.0
  • Association Fee Frequency: Monthly
  • Association Name: Towne Properties
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Towne Properties
  • Association Amenities:Pool: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 57.0
  • General Property Information:Association Fee Frequency: Monthly

Schools

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

Lot Info

  • Lot Dimensions: see Survey
  • Lot Size Sq Ft: 3920.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2882.0
  • Tax Year: 2021
  • Tax Map Number: 214

MLS Schools

  • Elementary School: Durham - Bethesda

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2022
Closed on
Sep 14, 2022
Sold by
Betz Matthew S and Betz Shauna T
Bought by
Labella Michelle Elizabeth and Labella Dominic Angelo
Seller's Agent
Jean Bernal
Choice Residential Real Estate
Buyer's Agent
Jordan Clark
Real Broker, LLC
List Price
$489,000
Sold Price
$470,000
Premium/Discount to List
-$19,000
-3.89%
Current Estimated Value
$480,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,960
Avg. Annual Appreciation
0.75%
Original Mortgage
$422,953
Outstanding Balance
$399,226
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$81,734

Purchase Details

Closed on
Feb 13, 2020
Sold by
Clayton Properties Group Inc
Bought by
Betz Matthew S and Betz Shauna T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,750
Interest Rate
3.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2018
Sold by
Mungo Homes Of North Carolina Inc
Bought by
Clayton Properties Group Inc

Purchase Details

Closed on
Nov 9, 2018
Sold by
Mungo Homes Of North Carolina Inc
Bought by
Rustica Oaks Homeowners Association Inc
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
Labella Michelle Elizabeth $470,000 --
Betz Matthew S $325,000 None Available
Clayton Properties Group Inc $2,199,000 None Available
Rustica Oaks Homeowners Association Inc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Labella Michelle Elizabeth $422,953
Previous Owner Betz Matthew S $308,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Off Market $470,000 -- --
09/14/2022 09/14/22 Sold $470,000 -1.1% $209 / Sq Ft
08/14/2022 08/14/22 Pending -- -- --
08/10/2022 08/10/22 Price Changed $475,000 -2.9% $211 / Sq Ft
07/29/2022 07/29/22 For Sale $489,000 +4.0% $217 / Sq Ft
07/29/2022 07/29/22 Off Market $470,000 -- --
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 $4,544 $458,403 $81,000 $377,403
2024 $3,360 $240,894 $54,150 $186,744
2023 $3,155 $240,894 $54,150 $186,744
2022 $3,083 $240,894 $54,150 $186,744
2021 $2,882 $226,270 $54,150 $172,120
2020 $2,815 $226,270 $54,150 $172,120
2019 $674 $54,150 $54,150 $0
2018 $257 $18,952 $18,952 $0
2017 $255 $18,952 $18,952 $0
2016 $247 $37,905 $37,905 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2465416

Doorify MLS

APN: 217593