NOT LISTED FOR SALE

303 Magnolia Rd Jonesboro, AR 72405

Estimated Value: $364,000 - $460,000

3 Beds
2 Baths
2,934 Sq Ft
$139/Sq Ft Est. Value

Last Sold June 15, 2020

Last sale price $315,000 $107 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $2,286/month

74 Days on Market

Highlights

  • Guest House
  • 8.31 Acre Lot
  • Multiple Fireplaces
  • Sub-Zero Refrigerator
  • Fruit Trees
  • Wood Flooring

About This Home

As of June 2020

"The Magnolia Farm", This Historical Estate only minutes from downtown has been featured in "At Home in Arkansas" This home is considered by some to be the oldest home in Jonesboro. This southern estate is situated on 8.31+/- acres. The main house has been lovingly remodeled and updated over the years with great attention to detail in restoration while modernizing. Original pine floors on main level, original fireplaces and mantles, original staircase are only some of the details that are original to the home. The kitchen has been updated with sub zero and solid surface counters, and it opens to great room. The main floor also boasts 13 foot ceilings in the main areas including the formal dining and living areas. The sunroom/second living area on main level has a bar with ice maker. The spacious master bedroom and master bath with jet tub and separate shower are located on the main level of the house connected to living areas by a convenient office space area. Two additional bedrooms up the original staircase share a full bathroom on the upper level of main home. One bedroom upstairs also has an original fireplace. There is a two car detached garage with mother in law/guest house on property. Full home generator can power the entire homw when electricity is out. Large brick patio under an Arkansas Champion Tree in the lush backyard. Large separate building with overhead doors for storage/workshop on the back of property. The square footage listed is main house, Garage apartment/mother in law quarters is additional 400 sq foot per owner. Many updates over the years, including columns, roof, Hvac etc. Home is is excellent and historical condition, Home has security system, yard irrigation system, Large walnut, pecan and chestnut trees.

Last Agent to Sell the Property

Josh Olson

Jonesboro Realty Company License #00058768 Listed on: 02/24/2020

Last Buyer's Agent

Amy Elrod

Century 21 Portfolio License #00072616

Century 21 Portfolio

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,574

Lot Details

  • 8.31 Acre Lot
  • Lot Has A Rolling Slope
  • Sprinkler System
  • Fruit Trees
  • Wooded Lot

Home Design

  • Dimensional Roof

Interior Spaces

  • 2,934 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Multiple Fireplaces
  • Plantation Shutters
  • Drapes & Rods
  • Blinds
  • Two Living Areas
  • Dining Room
  • Den
  • Workshop
  • Sun or Florida Room
  • Partial Basement
  • Home Security System
  • Laundry Room

Kitchen

  • Built-In Electric Oven
  • Electric Range
  • Sub-Zero Refrigerator
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Patio
  • Separate Outdoor Workshop
  • Outbuilding

Schools

  • Jonesboro Magnet Elementary School
  • Macarthur Middle School

Additional Features

  • Guest House
  • Central Heating and Cooling System

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,574

Lot Details

0

Listing Details

  • Type: Residential
  • Property Sub Type: Single Family
  • Style: Other/See Remarks, 2 Story
  • Additional Remarks: The square footage listed is main house, Garage apartment/mother in law quarters is additional 400 sq foot per owner. Many updates over the years, including columns, roof, Hvac etc. Home is is excellent and historical condition, Home has security system, yard irrigation system, Large walnut, pecan and chestnut trees.
  • Builder Owned: No
  • Legal Description: Parcel # 01-144064-00600, 8.31 acres +/- SEC-TWP-RNG, 06-14-04
  • Level: Two
  • Special Features: None
  • Stories: 0

Interior Features

  • Interior Amenities: Built-Ins, Ceiling Fan(s), Climate Control, Garage Door Opener, Security System
  • Windows Treatments: Blinds, Drapes, Plantation Shutter
  • Appliances: Disposal, Dishwasher Built-In, Oven/Range Electric, Sub-Zero Refrigerator, Wall Oven Electric
  • Fireplace: Yes
  • Fireplace Features: Three
  • Floors: Ceramic, Hardwood
  • Bedrooms: 3
  • Master Bedroom: Yes
  • Master Bedroom Comments: Main
  • Master Bedroom Level: Main
  • Bedroom 2: Yes
  • Bedroom 2 Level: Upper
  • Bedroom 3: Yes
  • Bedroom 3 Level: Upper
  • Bedroom 4: Yes
  • Bedroom 4 Comments: Garage Apartment
  • Bedroom 4 Level: Main
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Detail: Partial Basement
  • Laundry Room: Yes
  • Dining Room: Yes
  • Kitchen: Yes
  • Sun Room: Yes
  • Workshop: Yes
  • Living Room: Yes
  • Second Living Room: Yes
  • Second Living Area Comments: Garage Apartment
  • Additional Rooms: Apartment, Den/Study, Sun Room
  • Price Per Square Foot: 107.36
  • Square Footage: 2934.0

Exterior Features

  • Exterior: Other/See Remarks
  • Flood Zone: No
  • Roof: Dimensional Shingle
  • Exterior Amenities: Guest House, Outbuildings, Patio, Paved Streets, Sprinkler System, Workshop

Garage/Parking

  • Garage Capacity: 2
  • Garage Type: Garage-Detached

Utilities

  • Cooling Features: Central, Electric
  • Heat Features: Central
  • Electric Features: CW&L
  • Sewer Septic: City Sewer

Condo/Co-op/Association

  • Association: nearkansas

Lot Info

  • Acres: 8.3100
  • Lot Dimensions: irregular
  • Lot Measurement: A
  • Lot Size Sq Ft: 361983.00
  • Price Per Acre: 37906.14
  • Lot Description: Fruit Trees, Landscaped, Rolling, Shade Trees, Wooded

MLS Schools

  • Elementary School: Jonesboro Magnet
  • Jr High School: Macarthur

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2021
Sold by
George Fred J and George Peggy Lee
Bought by
Stewart Ralph
Current Estimated Value
$407,946

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Outstanding Balance
$24,370
Interest Rate
3.14%
Mortgage Type
Commercial
Estimated Equity
$383,577

Purchase Details

Listed on
Feb 24, 2020
Closed on
Jun 15, 2020
Sold by
Bartels Beverly and Beverly Bartels Living Trust
Bought by
Stewart Ralph Douglas
Seller's Agent
Josh Olson
Jonesboro Realty Company
Buyer's Agent
Amy Elrod
Century 21 Portfolio
List Price
$374,900
Sold Price
$315,000
Premium/Discount to List
-$59,900
-15.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.87%
Original Mortgage
$220,500
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 2009
Sold by
Bartels Anthony and Bartels Beverly
Bought by
Bartels Anthony

Purchase Details

Closed on
Mar 6, 1998
Bought by
Bartels
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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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
Stewart Ralph $129,203 None Listed On Document
Stewart Ralph Douglas $315,000 None Available
Bartels Anthony -- None Available
Bartels -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stewart Ralph $92,000
Previous Owner Stewart Ralph Douglas $220,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2020 06/15/20 Sold $315,000 -7.4% $107 / Sq Ft
05/09/2020 05/09/20 Pending -- -- --
04/20/2020 04/20/20 Price Changed $340,000 -9.3% $116 / Sq Ft
02/25/2020 02/25/20 For Sale $374,900 -- $128 / Sq Ft
Source: Northeast Arkansas Board 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 $1,574 $60,789 $6,715 $54,074
2024 $1,574 $60,789 $6,715 $54,074
2023 $1,045 $60,789 $6,715 $54,074
2022 $1,028 $60,789 $6,715 $54,074
2021 $994 $32,440 $3,810 $28,630
2020 $994 $32,440 $3,810 $28,630
2019 $994 $32,440 $3,810 $28,630
2018 $1,019 $32,440 $3,810 $28,630
2017 $1,019 $32,440 $3,810 $28,630
2016 $1,125 $34,950 $3,810 $31,140
2015 $1,125 $34,950 $3,810 $31,140
2014 $1,125 $34,950 $3,810 $31,140
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Arkansas Board of REALTORS®

MLS Number: 10085302

Northeast Arkansas Board of REALTORS®

APN: 01-144064-00600