NOT LISTED FOR SALE

287 Magnolia Way Lexington, NC 27295

Estimated Value: $363,000 - $628,000

4 Beds
2.5 Baths
2,700 Sq Ft
$195/Sq Ft Est. Value

Last Sold April 14, 2021

Last sale price $404,300 $150 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $3,049/month

73 Days on Market

Highlights

  • New Construction
  • Traditional Architecture
  • 2 Car Attached Garage
  • North Davidson Middle School Rated 9+
  • Porch
  • Forced Air Heating and Cooling System

About This Home

As of April 2021

Pre Construction Offering Entered for Comp Purposes! CG2 Homes offers the cottage charmer to be built in the hottest new neighborhood in Northern Davidson County! Call today for more exciting details.

Last Agent to Sell the Property

Stacy Hill

Berkshire Hathaway HomeServices Carolinas Realty License #267957 Listed on: 09/24/2020

Berkshire Hathaway HomeServices Carolinas Realty

Last Buyer's Agent

Alison Vannoy

Southern Signature Properties License #285107

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $204

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 1.25 Acre Lot
  • Lot Dimensions are 167 x 347 x 346 x 147
  • Level Lot
  • Cleared Lot
  • Property is zoned RA3

HOA Fees

  • $42 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2,547 Sq Ft Home
  • 2,200-2,700 Sq Ft Home
  • Property has 1 Level
  • Great Room with Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Porch

Schools

  • North Davidson Middle School
  • North Davidson High School

Utilities

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

Community Details

  • Magnolia Ridge Subdivision

Listing and Financial Details

  • Tax Lot 01
  • Assessor Parcel Number 14005D0000001
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$204

Year Built

Built in 2020 | New Construction

Lot Details

0

HOA Fees

$42 per month

Parking

2

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 1.25
  • Lot Size: 167 x 347 x 346 x 147
  • Subdivision Name: Magnolia Ridge
  • Directions: Hwy 150 to left on Welcome Arcadia to right on Ruff Leonard to left on Reedy Creek to left into Magnolia Ridge. 287 Magnolia Way on left
  • Above Grade Finished Sq Ft: 2547
  • Architectural Style: Traditional
  • Unit Levels: One and One Half
  • New Construction: Yes
  • Structure Type: House
  • Year Built: 2020
  • TRIADMLS_PrimaryOnMainYN: No
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 2200 - 2700
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_CityLimitsYN: No
  • TRIADMLS_BuiltInformation: New
  • Special Features: NewHome

Interior Features

  • Appliances: Gas Water Heater
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Great Room
  • Fireplaces: 1
  • Living Area: 2547
  • Main Level Bathrooms: 2
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No
  • TRIADMLS_HalfBathsMain: 1
  • TRIADMLS_FullBathsUpper: 2

Exterior Features

  • Lot Features: Cleared, Level
  • Pool Features: None
  • Construction Type: Brick
  • TRIADMLS_PoolYN: No
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Garage, Attached
  • Garage Description: Attached Garage

Utilities

  • Sewer: Septic Tank
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Natural Gas
  • Water Heater: Gas

Condo/Co-op/Association

  • Association Fee: 500
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Northwest
  • High School: North Davidson
  • Middle Or Junior School: North Davidson

Lot Info

  • Parcel #: 14005D0000001
  • Zoning: RA3
  • TRIADMLS_PricePerAcre: 319920
  • TRIADMLS_DeedPage: 1669
  • TRIADMLS_DeedBook: 2428
  • TRIADMLS_AcresRange: 1 - 1

Tax Info

  • Tax Annual Amount: 203.52
  • Tax Lot: 01
  • Tax Year: 2020
  • TRIADMLS_TaxRate: 0.84

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2020
Closed on
Apr 14, 2021
Sold by
Cg2 Homes Inc
Bought by
Carter Aaron A and Carter Jessica
Seller's Agent
Stacy Hill
Berkshire Hathaway HomeServices Carolinas Realty
Buyer's Agent
Alison Vannoy
Southern Signature Properties
Sold Price
$404,300
Current Estimated Value
$525,178

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,878
Avg. Annual Appreciation
5.94%
Original Mortgage
$323,400
Outstanding Balance
$291,991
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$233,187

Purchase Details

Closed on
Sep 10, 2020
Sold by
Magnolia Land Development Group Inc
Bought by
Cg2 Homes Inc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Carter Aaron A $405,000 None Available
Cg2 Homes Inc $50,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carter Aaron A $323,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/14/2021 04/14/21 Sold $404,300 -- $184 / Sq Ft
Source: Triad 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 $2,772 $439,780 $0 $0
2024 $2,772 $439,780 $0 $0
2023 $2,772 $439,780 $0 $0
2022 $2,550 $404,530 $0 $0
2021 $378 $60,000 $0 $0
2020 $378 $60,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Stacy Hill

    Berkshire Hathaway HomeServices Carolinas Realty

    (336) 399-2879

    188 Total Sales

    Stacy Hill
    Section Image
  • Alison Vannoy

    Buyer's Agent in 2021

    Alison Vannoy

    Southern Signature Properties

    (336) 671-8469

    155 Total Sales

    Alison Vannoy
    Section Image
See All Agents

Map

Source: Triad MLS

MLS Number: 995319

Triad MLS

APN: 14-005-D-000-0001-0-0-0

North Carolina Davidson County Lexington 27295

287 Magnolia Way, Lexington, NC

This home is located at 287 Magnolia Way, Lexington, NC 27295 since 24 September 2020 and is currently estimated at $525,178, approximately $194 per square foot. This property was built in 2020. 287 Magnolia Way is a home located in Davidson County with nearby schools including Northwest Elementary School, North Davidson Middle School, and North Davidson High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Triad MLS Copyright 2025 Triad MLS, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.

Nearby Homes