NOT LISTED FOR SALE

2502 Magnolia Tree Ln Durham, NC 27703

Estimated Value: $504,000 - $594,000

4 Beds
3 Baths
2,731 Sq Ft
$200/Sq Ft Est. Value

Last Sold October 04, 2022

Last sale price $515,000 $189 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,375/month

29 Days on Market

Highlights

  • Traditional Architecture
  • Main Floor Bedroom
  • Breakfast Room
  • Wood Flooring
  • Bonus Room
  • Porch

About This Home

As of October 2022

Amazing Location in highly sought after Rustica Oaks! 4 bed 3 bath just minutes away from RTP & all major Hwys. Welcoming two story foyer w/ hardwoods throughout first floor. Open living concept w/ guest suite and full bath on main. Large bonus that could be 5th bedroom. Owners retreat w/ trey ceiling, soaking tub, tile shower and oversized closet. Generously sized secondary bedrooms! Beautiful, private, flat backyard backing to trees. Community amenities include pool, 2 playgrounds and more! Hurry!

Last Agent to Sell the Property

Tina Caul

EXP Realty LLC License #267133 Listed on: 06/29/2022

EXP Realty LLC

Co-Listed By

Emily Brown

EXP Realty LLC License #278964

Last Buyer's Agent

Eric Stoft

Berkshire Hathaway HomeService License #320523

Berkshire Hathaway HomeService

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,230

Year Built

  • Built in 2014

Lot Details

  • 6,316 Sq Ft Lot
  • Lot Dimensions are 103x53x106x69

HOA Fees

  • $57 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Private Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 2,731 Sq Ft Home
  • 2-Story Property
  • Gas Log Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • Breakfast Room
  • Dining Room
  • Bonus Room
  • Utility Room

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 3 Full Bathrooms

Outdoor Features

  • Patio
  • Porch

Schools

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Gas Water Heater

Community Details

  • Association fees include maintenance structure
  • Rustica Oaks Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,230

Year Built

Built in 2014

Lot Details

0

HOA Fees

$57 per month

Parking

2

Listing Details

  • Year Built: 2014
  • Prop. Type: Residential
  • Reso Association Fee Includes: Maintenance Structure
  • Co List Office Mls Id: 77445
  • Co List Office Phone: 888-584-9831
  • Subdivision Name: Rustica Oaks
  • Above Grade Finished Sq Ft: 2731.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: 103x53x106x69
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Foundation Details Slab: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Levels Two: Yes
  • Room Types Bedroom 2 Level: 2
  • Room Types Bedroom 3 Level: 2
  • Room Types Bedroom 4 Level: M
  • Room Types Bonus Room: Yes
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: 2
  • Room Types Utility Room: Yes
  • Room Types Breakfast Room: Yes
  • General Property Information Above Grade Finished Area: 2731.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 6316.2
  • General Property Information Lot Size Acres: 0.145
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Entrance Foyer
  • Appliances: Gas Water Heater
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, Gas Log
  • Fireplaces: 1
  • Total Bedrooms: 9
  • Interior Features:Entrance Foyer: Yes
  • Fireplace Features:Family Room: Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances:Gas Water Heater: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Acres: 0.15
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Patio, Porch
  • Patio and Porch Features:Porch: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Concrete, Driveway, Garage
  • Parking Features:Garage: Yes
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes
  • General Property Information:Garage Spaces: 2.0

Utilities

  • Heating: Electric, Heat Pump, Natural Gas
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Natural Gas: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Association Fee: 57.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Association Fee Includes:Maintenance Structure2: 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: 103x53x106x69
  • Lot Size Sq Ft: 6316.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4230.0
  • Tax Year: 2021

MLS Schools

  • Elementary School: Durham - Bethesda

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2022
Closed on
Sep 29, 2022
Sold by
Thompson Michael James and Thompson Seleka
Bought by
Whitworth Ellen
Seller's Agent
Tina Caul
EXP Realty LLC
Buyer's Agent
Eric Stoft
Berkshire Hathaway HomeService
List Price
$535,000
Sold Price
$515,000
Premium/Discount to List
-$20,000
-3.74%
Current Estimated Value
$545,953

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,953
Avg. Annual Appreciation
1.93%
Original Mortgage
$515,000
Outstanding Balance
$491,735
Interest Rate
5%
Mortgage Type
VA
Estimated Equity
$54,218

Purchase Details

Closed on
Dec 31, 2014
Sold by
Rustica Nc Llc
Bought by
Thompson Michael James and Thompson Seleka

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,506
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 7, 2014
Sold by
Rustica Oaks Development Llc
Bought by
Rustica Nc Llc
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
Whitworth Ellen $515,000 --
Thompson Michael James $252,500 None Available
Rustica Nc Llc $312,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Whitworth Ellen $515,000
Previous Owner Thompson Michael James $252,506
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Off Market $515,000 -- --
10/04/2022 10/04/22 Sold $515,000 -1.9% $189 / Sq Ft
07/27/2022 07/27/22 Pending -- -- --
07/26/2022 07/26/22 Price Changed $525,000 -1.9% $192 / Sq Ft
06/28/2022 06/28/22 For Sale $535,000 -- $196 / 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 $5,178 $522,393 $86,250 $436,143
2024 $4,632 $332,063 $57,250 $274,813
2023 $4,350 $332,063 $57,250 $274,813
2022 $4,250 $332,063 $57,250 $274,813
2021 $4,230 $332,063 $57,250 $274,813
2020 $4,131 $332,063 $57,250 $274,813
2019 $4,131 $332,063 $57,250 $274,813
2018 $3,761 $277,221 $40,075 $237,146
2017 $3,733 $277,221 $40,075 $237,146
2016 $3,607 $277,221 $40,075 $237,146
2015 $3,597 $259,863 $43,647 $216,216
2014 $600 $43,333 $43,333 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2458821

Doorify MLS

APN: 214430