NOT LISTED FOR SALE

2306 Magnolia Tree Ln Durham, NC 27703

Estimated Value: $475,000 - $512,000

3 Beds
2.5 Baths
2,643 Sq Ft
$185/Sq Ft Est. Value

Last Sold December 02, 2024

Last sale price $480,000 $182 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,010/month

81 Days on Market

Highlights

  • Traditional Architecture
  • 2 Car Attached Garage
  • Gas Fireplace
  • Wood Flooring
  • Central Heating and Cooling System

About This Home

As of December 2024

Welcome to this beautiful property, where comfort harmonizes with style. The living room features a warm fireplace, ideal for cozy evenings. Throughout the home, a neutral color palette creates a calming atmosphere, awaiting your personal touch. The kitchen is a chef's dream with stainless steel appliances. In the primary bedroom, you'll find a spacious walk-in closet for ample storage. The primary bathroom offers double sinks, a separate tub, and shower, providing a spa-like experience. Outside, a delightful patio awaits, perfect for entertaining or relaxation.

Last Agent to Sell the Property

Thomas Shoupe

Opendoor Brokerage LLC License #239817 Listed on: 08/05/2024

Co-Listed By

Whitney Hunt Sailors

Opendoor Brokerage LLC License #229061

Last Buyer's Agent

Shante Webster

Real Broker, LLC - Carolina Collective Realty License #347016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,610

Year Built

  • Built in 2016

Lot Details

  • 6,534

HOA Fees

  • $57 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 1 Open Parking Space

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2,643 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

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

Additional Features

  • 6,534 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • Association fees include unknown
  • Rustica Oaks Homeowners Association, Inc. Association, Phone Number (984) 220-8688
  • Rustica Oaks Subdivision

Listing and Financial Details

  • Assessor Parcel Number 217539

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,610

Year Built

Built in 2016

Lot Details

0

HOA Fees

$57 per month

Parking

2

Listing Details

  • Year Built: 2016
  • Prop. Type: Residential
  • Reso Association Fee Includes: Unknown
  • Co List Office Phone: 480-462-5392
  • Subdivision Name: Rustica Oaks
  • Above Grade Finished Sq Ft: 2643.0
  • 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
  • General Property Information Fireplace YN: Yes
  • Cooling Central Air: Yes
  • Foundation Details Slab: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Levels Two: Yes
  • Architectural Style Traditional: Yes
  • Flooring Vinyl: Yes
  • General Property Information Association Phone: 984-220-8688
  • General Property Information Senior Community YN: No
  • General Property Information Enhanced Accessible2: No
  • General Property Information Monthly Association Fees2: 57.0
  • Roof:Shingle: Yes
  • General Property Information Above Grade Finished Area: 2643.0
  • Roof Composition: Yes
  • General Property Information Lot Size Square Feet2: 6534.0
  • General Property Information Lot Size Acres: 0.15
  • General Property Information Stories2: 2
  • General Property Information:Living Area3: 2643.0
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Flooring: Carpet, Hardwood, Vinyl
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Stories: 2
  • Fireplace Features:Gas4: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Roof: Composition, Shingle
  • Acres: 0.15
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Open Parking Spaces: 1.0
  • Open Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.0
  • Parking Features:Garage: Yes
  • General Property Information:Garage Spaces: 2.0
  • General Property Information:Attached Garage YN: Yes
  • General Property Information:Parking Total: 3.0
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 1.0

Utilities

  • Heating: Central
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 57.0
  • Association Fee Frequency: Monthly
  • Association Name: Rustica Oaks Homeowners Association, Inc.
  • Phone: 984-220-8688
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Rustica Oaks Homeowners Association, Inc.
  • 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 Size Sq Ft: 6534.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 217539

Tax Info

  • Tax Annual Amount: 3610.08
  • Tax Year: 2023
  • Tax Map Number: 160

MLS Schools

  • Elementary School: Durham - Bethesda

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 16, 2025
Sold by
Monroe Nicholas C and Monroe Rachel B
Bought by
Monroe Nicholas C and Monroe Rachel B
Current Estimated Value
$487,747

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,000
Outstanding Balance
$444,000
Interest Rate
6.22%
Mortgage Type
New Conventional
Estimated Equity
$43,747

Purchase Details

Listed on
Aug 5, 2024
Closed on
Nov 27, 2024
Sold by
Opendoor Property J Llc
Bought by
Monroe Nicholas C and Monroe Rachel B
Seller's Agent
Thomas Shoupe
Opendoor Brokerage LLC
Buyer's Agent
Shante Webster
Real Broker, LLC - Carolina Collective Realty
List Price
$511,000
Sold Price
$480,000
Premium/Discount to List
-$31,000
-6.07%
Views
28

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.48%
Original Mortgage
$432,000
Interest Rate
6.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2024
Sold by
Evans Stacey Antoinette and Parker Quinton Douglas
Bought by
Opendoor Property J Llc

Purchase Details

Closed on
Apr 22, 2016
Sold by
Mungo Homes Of North Carol
Bought by
Parker Quinton Douglas and Evans Stacey Antoinette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,400
Interest Rate
3.75%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Monroe Nicholas C -- Mutual Title Agency Inc
Monroe Nicholas C $480,000 None Listed On Document
Monroe Nicholas C $480,000 None Listed On Document
Opendoor Property J Llc $477,000 None Listed On Document
Parker Quinton Douglas $254,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Monroe Nicholas C $444,000
Previous Owner Monroe Nicholas C $432,000
Previous Owner Parker Quinton Douglas $228,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2024 12/02/24 Sold $480,000 -1.0% $182 / Sq Ft
10/25/2024 10/25/24 Pending -- -- --
10/24/2024 10/24/24 Price Changed $485,000 -1.8% $184 / Sq Ft
08/29/2024 08/29/24 Price Changed $494,000 -1.6% $187 / Sq Ft
08/15/2024 08/15/24 Price Changed $502,000 -1.8% $190 / Sq Ft
08/05/2024 08/05/24 For Sale $511,000 -- $193 / 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 $4,820 $486,180 $86,250 $399,930
2024 $4,166 $298,650 $57,400 $241,250
2023 $3,912 $298,650 $57,400 $241,250
2022 $3,822 $298,650 $57,400 $241,250
2021 $3,805 $298,650 $57,400 $241,250
2020 $3,715 $298,650 $57,400 $241,250
2019 $3,715 $298,650 $57,400 $241,250
2018 $3,348 $246,800 $40,180 $206,620
2017 $3,323 $246,800 $40,180 $206,620
2016 $523 $40,180 $40,180 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10045192

Doorify MLS

APN: 217539