NOT LISTED FOR SALE

2517 Magnolia Tree Ln Durham, NC 27703

Estimated Value: $463,219 - $512,000

3 Beds
2.5 Baths
2,396 Sq Ft
$202/Sq Ft Est. Value

Last Sold November 10, 2021

Last sale price $435,000 $182 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,086/month

15 Days on Market

Highlights

  • Craftsman Architecture
  • Bonus Room
  • Patio
  • Wood Flooring
  • Breakfast Room
  • Living Room

About This Home

As of November 2021

Large size 3 bedroom home with optional space. Staircase leads to a large loft area perfect for entertainment. First floor features hardwood flooring, ss appliances, and granite countertops in the kitchen. Enjoy outdoor living with the covered rear porch and patio overlooking a private backyard. Trey ceiling in Owner's Suite. Energy efficient EcoSelect Home! Minutes from RTP, Duke, UNC, NCCU and Southpoint Mall. Washer/Dryer and new refrigerator convey. New stove

Last Agent to Sell the Property

Vincent Owusu

A-1 Realty License #220361 Listed on: 09/25/2021

Last Buyer's Agent

Debra Chadwick

DEBTEAM License #262712

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2014

Lot Details

  • 5,663 Sq Ft Lot
  • Landscaped
  • Open Lot

HOA Fees

  • $55 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Craftsman Architecture
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 2,396 Sq Ft Home
  • 2-Story Property
  • Gas Log Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room
  • Breakfast Room
  • Dining Room
  • Bonus Room
  • Utility Room

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Outdoor Features

  • Patio

Schools

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

Utilities

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

Community Details

  • Rustica Oaks Subdivision

Home Details

Home Type

Single Family

Year Built

Built in 2014

Lot Details

0

HOA Fees

$55 per month

Parking

2

Listing Details

  • Year Built: 2014
  • Prop. Type: Residential
  • Subdivision Name: Rustica Oaks
  • Above Grade Finished Sq Ft: 2396.0
  • Architectural Style: Craftsman
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: Ask for survey
  • 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
  • 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 Bonus Room: Yes
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Room Types Primary Bedroom Level: 2
  • Flooring Vinyl: Yes
  • Laundry Features Upper Level: Yes
  • Room Types Utility Room: Yes
  • Appliances Refrigerators: Yes
  • Room Types Living Room2: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Room Types Breakfast Room: Yes
  • Architectural Style Craftsman: Yes
  • General Property Information Above Grade Finished Area: 2396.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 5662.8
  • General Property Information Lot Size Acres: 0.13
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood, Vinyl
  • Interior Amenities: Entrance Foyer
  • Appliances: Dryer, Gas Water Heater, Refrigerator, Washer
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Family Room, Gas Log, Sealed Combustion
  • Fireplaces: 1
  • Total Bedrooms: 9
  • Interior Features:Entrance Foyer: Yes
  • Fireplace Features:Family Room: Yes
  • Fireplace Features:Sealed Combustion: Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances:Gas Water Heater: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Acres: 0.13
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Patio
  • Lot Features:Landscaped: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Patio: Yes
  • Lot Features:Open Lot: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Garage
  • Parking Features:Garage: Yes
  • General Property Information:Garage Spaces: 2.0

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: 55.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 55.0
  • 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: Ask for survey
  • Lot Size Sq Ft: 5662.8
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 337408.0
  • Tax Year: 2021

MLS Schools

  • Elementary School: Durham - Bethesda

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2021
Closed on
Nov 5, 2021
Sold by
Gyamfi Maxwell and Gyamfi Fathia
Bought by
Koralewski Sarah Marilyn and Rolfe Nicholas Steven
Seller's Agent
Vincent Owusu
A-1 Realty
Buyer's Agent
Debra Chadwick
DEBTEAM
List Price
$415,000
Sold Price
$435,000
Premium/Discount to List
$20,000
4.82%
Total Days on Market
15
Current Estimated Value
$485,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,055
Avg. Annual Appreciation
3.10%
Original Mortgage
$382,800
Outstanding Balance
$354,519
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$130,536

Purchase Details

Closed on
Apr 7, 2015
Sold by
Rustica Nc Llc
Bought by
Gyamfi Maxwell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,950
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 12, 2013
Sold by
Rustica Oaks Developments Llc
Bought by
Rustica Nc Llc
Source: Public Records

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Range of Values:

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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
Koralewski Sarah Marilyn $435,000 None Available
Gyamfi Maxwell $234,000 Attorney
Rustica Nc Llc $520,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koralewski Sarah Marilyn $382,800
Previous Owner Gyamfi Maxwell $234,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2023 12/14/23 Off Market $435,000 -- --
11/10/2021 11/10/21 Sold $435,000 -3.3% $182 / Sq Ft
10/09/2021 10/09/21 Pending -- -- --
09/24/2021 09/24/21 Price Changed $450,000 +8.4% $188 / Sq Ft
09/24/2021 09/24/21 For Sale $415,000 -- $173 / 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
2024 $3,695 $264,862 $56,700 $208,162
2023 $3,469 $264,862 $56,700 $208,162
2022 $3,390 $264,862 $56,700 $208,162
2021 $3,374 $264,862 $56,700 $208,162
2020 $3,295 $264,862 $56,700 $208,162
2019 $3,295 $264,862 $56,700 $208,162
2018 $2,989 $220,329 $39,690 $180,639
2017 $2,967 $220,329 $39,690 $180,639
2016 $2,867 $220,329 $39,690 $180,639
2015 $2,777 $200,627 $42,451 $158,176
2014 $588 $42,451 $42,451 $0
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2021

    Vincent Owusu

    A-1 Realty

    (919) 274-7931

    15 Total Sales

    Vincent Owusu
    Section Image
  • Debra Chadwick

    Buyer's Agent in 2021

    Debra Chadwick

    DEBTEAM

    (919) 349-0455

    185 Total Sales

    Debra Chadwick
    Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 2409720

Doorify MLS

APN: 214421

North Carolina Durham County Durham 27703

2517 Magnolia Tree Ln, Durham, NC

This home is located at 2517 Magnolia Tree Ln, Durham, NC 27703 since 25 September 2021 and is currently estimated at $485,055, approximately $202 per square foot. This property was built in 2014. 2517 Magnolia Tree Ln is a home located in Durham County with nearby schools including R.N. Harris Elementary School, James E Shepard Middle School, and Hillside High School.

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