NOT LISTED FOR SALE

2986 Magnolia Bend Charlottesville, VA 22911

Estimated Value: $513,033 - $534,000

3 Beds
2.5 Baths
1,720 Sq Ft
$306/Sq Ft Est. Value

Last Sold March 22, 2024

Last sale price $493,000 $287 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,258/month

10 Days on Market

Highlights

  • Outdoor Pool
  • Community Lake
  • Deck
  • Hollymead Elementary School Rated A
  • Clubhouse
  • Family Room with Fireplace

About This Home

As of March 2024

Discover this beautifully updated home located in the highly desirable Forest Lakes South neighborhood! With an inviting ambiance and modern touches, this home is ready for its new owners. The kitchen shines with stunning granite countertops, ideal for both cooking and entertaining. Fresh neutral paint throughout sets the stage for your personal style. On the main level, enjoy a spacious living room with a cozy gas fireplace, seamlessly flowing into the eat-in kitchen and a separate dining room. Upstairs, the primary bedroom suite, full bathroom, and two additional bedrooms await, and brand new carpeting has just been installed. Outside, mature trees provide privacy, while a storage shed and level rear yard offer convenience and space for outdoor enjoyment. Don't miss the chance to make this your new home!

Last Agent to Sell the Property

Jamie Via

1ST CLASS REAL ESTATE BLUE RIDGE License #0225205983 Listed on: 02/12/2024

1ST CLASS REAL ESTATE BLUE RIDGE

Last Buyer's Agent

Quinton Beckham

KELLER WILLIAMS ALLIANCE - CHARLOTTESVILLE License #0225204314

KELLER WILLIAMS ALLIANCE - CHARLOTTESVILLE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,376

Year Built

  • Built in 2001

Lot Details

  • 0.26 Acre Lot
  • Property is zoned R-1 Residential

HOA Fees

  • $103 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 1,720 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Gas Fireplace
  • Double Hung Windows
  • Family Room with Fireplace
  • Living Room
  • Dining Room

Kitchen

  • Breakfast Area or Nook
  • ENERGY STAR Qualified Appliances
  • Granite Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • Bathroom on Main Level

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1 Car Garage
  • Front Facing Garage

Eco-Friendly Details

  • Green Features

Outdoor Features

  • Outdoor Pool
  • Deck
  • Playground

Schools

  • Hollymead Elementary School
  • Sutherland Middle School
  • Albemarle High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 046B6-00-0L-03400

Community Details

Overview

  • Association fees include area maint, club house, exercise room, master ins. policy, prof. mgmt., reserve fund, road maint, snow removal
  • $100 HOA Transfer Fee
  • Forest Lakes South Subdivision
  • Community Lake

Amenities

  • Clubhouse

Recreation

  • Community Basketball Court
  • Community Playground
  • Exercise Course
  • Community Pool
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,376

Year Built

Built in 2001

Lot Details

0

HOA Fees

$103 per month

Listing Details

  • Class: RESIDENTIAL
  • Property Type: Detached
  • Above Grade Finished Sq Ft: 1720
  • Design: Colonial
  • L V T Date: 02/19/2024
  • Parcel Number: 046B6-00-0L-03400
  • Price Per Sq Ft: 286.63
  • Property Included: All appliances, shed
  • Total Sq Ft: 1960
  • Total Unfinished Sq Ft: 240
  • Type of Construction: On Site Built
  • Zoning: R-1 Residential
  • Subdivision: FOREST LAKES SOUTH
  • Comments: Yes
  • Concatenated Rooms1: |Kitchen1|Half Bath1|Dining Roo1|Laundry1|Living Roo1|Pri Bed2|Pri Bath2|Bedroom2|Bedroom2|Full Bath2|
  • Structures Deck Porch: Deck
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Fireplace: Gas
  • Laundry: Dryer, Washer
  • Room 1: Kitchen,On Level: 1
  • Room 2: Half Bath,On Level: 1
  • Room 3: Dining Room,On Level: 1
  • Room 4: Laundry,On Level: 1
  • Room 5: Living Room,On Level: 1
  • Room 6: Pri Bed,On Level: 2
  • Room 7: Pri Bath,On Level: 2
  • Room 8: Bedroom,On Level: 2
  • Room 9: Bedroom,On Level: 2
  • Room 10: Full Bath,On Level: 2
  • Total Finished Sq Ft: 1720
  • Above Grade Finished Sq Ft: 1720
  • Fireplace Location: Family Room
  • Foundation: Concrete Slab
  • Kitchen Appliances Feat: Breakfast Nook
  • Kitchen Cabinets Counters: Granite
  • Land Description: Nearly Level
  • Level: 2 Story
  • Bathrooms: 2.5
  • Number of Main Level Bathrooms: 0.5
  • Number Beds: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Room Types: Bedroom, Dining Room, Full Bath, Half Bath, Kitchen, Laundry, Living Room
  • Room Types Level1: Dining Room (L1), Half Bath (L1), Kitchen (L1), Laundry (L1), Living Room (L1)
  • Room Types Level2: Bedroom (L2+), Full Bath (L2+)
  • Source of Sq Ft: Public Records

Exterior Features

  • Exterior: Vinyl
  • Number Of Acres: 0.26
  • Pool: Yes
  • Pool: Community
  • Roof: Architectural Style
  • Structure Floors: Carpet, Wood
  • Structure Window Ceiling: 9' Ceilings, Double-hung Windows

Garage/Parking

  • Garage: Yes
  • Unfinished Above Grade Garage: 240
  • Garage Features: Faces Front
  • Number of Car Spaces: 1
  • Total Above Grade Garage: 240

Utilities

  • Cooling: Central AC, Heat Pump
  • Heating: Forced Air
  • Cable Available: Cable
  • Sewer/Septic System: Public Sewer
  • Water: Public Water

Condo/Co-op/Association

  • HOA/COA Amenities: Basketball Court, Clubhouse, Exercise Room, Lake, Play Area, Pool, Walk/Run Trails
  • Association Setup Transfer Fee Type: $
  • Association Setup Transfer Fees: 100
  • Association Fee: HOA
  • Association Frequency: Quarterly
  • Association Includes: Area Maint, Club House, Exercise Room, Master Ins. Policy, Prof. Mgmt., Reserve Fund, Road Maint, Snow Removal
  • Association Fee: 310

Schools

  • Elementary School: Hollymead
  • Middle School: Sutherland
  • High School: Albemarle

Green Features

  • Green Appliances: Energy Star Certified
  • Green Features: Yes

Building Info

  • Year Built: 2001

Tax Info

  • Year: 2023
  • Taxes: 3376

MLS Schools

  • HighSchool: Albemarle
  • Middle School: Sutherland
  • Elementary School: Hollymead

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2024
Closed on
Mar 13, 2024
Sold by
Morales Carlos Felipe and Lopez Eliany Mejia
Bought by
Holtsclaw Scottie and Holtsclaw Emily
Seller's Agent
Jamie Via
1ST CLASS REAL ESTATE BLUE RIDGE
Buyer's Agent
Quinton Beckham
KELLER WILLIAMS ALLIANCE - CHARLOTTESVILLE
List Price
$499,000
Sold Price
$493,000
Premium/Discount to List
-$6,000
-1.2%
Views
36
Current Estimated Value
$525,758

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,758
Avg. Annual Appreciation
4.32%
Original Mortgage
$493,000
Outstanding Balance
$484,815
Interest Rate
6.64%
Mortgage Type
VA
Estimated Equity
$40,943

Purchase Details

Closed on
May 23, 2014
Sold by
Wood Lonzy E
Bought by
Lopez Mejia and Lopez Felipe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,504
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
May 26, 2010
Sold by
Spoffard Christopher W and Spoffard Megan S
Bought by
Wood Lonzy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,928
Interest Rate
5.5%
Mortgage Type
FHA
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
Holtsclaw Scottie $493,000 Stewart Title
Lopez Mejia $299,500 Chicago Title
Wood Lonzy E $280,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holtsclaw Scottie $493,000
Previous Owner Lopez Mejia $289,504
Previous Owner Wood Lonzy E $274,928
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/22/2024 03/22/24 Sold $493,000 -1.2% $287 / Sq Ft
02/22/2024 02/22/24 Pending -- -- --
02/12/2024 02/12/24 For Sale $499,000 -- $290 / Sq Ft
Source: Charlottesville area Association of Realtors®

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 $4,411 $493,400 $164,900 $328,500
2024 -- $395,400 $152,300 $243,100
2023 $3,323 $389,100 $147,000 $242,100
2022 $2,970 $347,800 $136,500 $211,300
2021 $2,782 $325,800 $136,500 $189,300
2020 $2,729 $319,500 $136,500 $183,000
2019 $2,647 $309,900 $136,500 $173,400
2018 $2,533 $303,100 $136,500 $166,600
2017 $2,523 $300,700 $115,500 $185,200
2016 $2,511 $299,300 $115,500 $183,800
2015 $1,238 $302,200 $115,500 $186,700
2014 -- $300,100 $115,500 $184,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Charlottesville area Association of Realtors®

MLS Number: 649517

Charlottesville area Association of Realtors®

APN: 046B6-00-0L-03400