NOT LISTED FOR SALE

470 Magnolia Way Lexington, NC 27295

Estimated Value: $467,000 - $739,000

4 Beds
3 Baths
3,500 Sq Ft
$179/Sq Ft Est. Value

Last Sold May 26, 2020

Last sale price $450,000 $129 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $3,575/month

Highlights

  • New Construction
  • Transitional Architecture
  • Forced Air Zoned Heating and Cooling System
  • North Davidson Middle School Rated 9+
  • Tankless Water Heater

About This Home

As of May 2020

Entered in MLS for Comp Purposes Only

Last Agent to Sell the Property

Stacy Hill

Berkshire Hathaway HomeServices Carolinas Realty License #267957 Listed on: 05/26/2020

Berkshire Hathaway HomeServices Carolinas Realty

Last Buyer's Agent

Stacy Hill

Berkshire Hathaway HomeServices Carolinas Realty License #267957 Listed on: 05/26/2020

Berkshire Hathaway HomeServices Carolinas Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $100

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 2.32 Acre Lot
  • Lot Dimensions are 88 x 406 x 562 x 594
  • Property is zoned RA3

Parking

  • Driveway

Home Design

  • Transitional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 3,282 Sq Ft Home
  • 2,900-3,500 Sq Ft Home
  • Property has 1 Level
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

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

Community Details

  • Property has a Home Owners Association
  • Magnolia Ridge Subdivision

Listing and Financial Details

  • Assessor Parcel Number 14005D0000023
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$100

Year Built

Built in 2020 | New Construction

Lot Details

0

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 2.32
  • Lot Size: 88 x 406 x 562 x 594
  • Subdivision Name: Magnolia Ridge
  • Directions: Hwy 150 South to Left on Welcome Arcadia to Right on Ruff Leonard to Left on Reedy Creek to Left on Magnolia Way
  • Above Grade Finished Sq Ft: 3282
  • Architectural Style: Transitional
  • Unit Levels: One and One Half
  • New Construction: Yes
  • Structure Type: House
  • Year Built: 2020
  • TRIADMLS_PrimaryOnMainYN: No
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 2900 - 3500
  • TRIADMLS_BuiltInformation: New
  • Special Features: NewHome

Interior Features

  • Appliances: Gas Water Heater, Tankless Water Heater
  • Has Basement: Crawl Space
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Living Area: 3282
  • Main Level Bathrooms: 2
  • TRIADMLS_FullBathsMain: 2
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No
  • TRIADMLS_FullBathsUpper: 1

Exterior Features

  • Pool Features: None
  • Construction Type: Brick
  • TRIADMLS_PoolYN: No
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Parking Features: Driveway

Utilities

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

Condo/Co-op/Association

  • Association: Yes

Lot Info

  • Parcel #: 14005D0000023
  • Zoning: RA3
  • TRIADMLS_PricePerAcre: 193965.5172
  • TRIADMLS_DeedPage: 991
  • TRIADMLS_DeedBook: 2380
  • TRIADMLS_AcresRange: 2 - 2

Tax Info

  • Tax Annual Amount: 100
  • Tax Year: 2020
  • TRIADMLS_TaxRate: 0.84

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2020
Closed on
May 20, 2020
Sold by
C F Stone Building Co Inc
Bought by
Reich Corey Wesley and Reich Kimberly Leonard
Seller's Agent
Stacy Hill
Berkshire Hathaway HomeServices Carolinas Realty
Buyer's Agent
Stacy Hill
Berkshire Hathaway HomeServices Carolinas Realty
Sold Price
$450,000
Current Estimated Value
$627,216

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,216
Avg. Annual Appreciation
6.32%
Original Mortgage
$391,500
Outstanding Balance
$346,923
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$280,293

Purchase Details

Closed on
Oct 25, 2019
Sold by
Magnolia Land Development Group Inc
Bought by
C F Stone Building Co Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$334,000
Interest Rate
3.5%
Mortgage Type
Construction
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
Reich Corey Wesley $450,000 None Available
C F Stone Building Co Inc $65,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reich Corey Wesley $391,500
Previous Owner C F Stone Building Co Inc $334,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2020 05/26/20 Sold $450,000 -- $155 / 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 $3,420 $542,580 $0 $0
2024 $3,420 $542,580 $0 $0
2023 $3,420 $542,580 $0 $0
2022 $2,887 $458,000 $0 $0
2021 $2,887 $458,000 $0 $0
2020 $416 $66,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Stacy Hill

    Berkshire Hathaway HomeServices Carolinas Realty

    (336) 399-2879

    187 Total Sales

    Stacy Hill
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Map

Source: Triad MLS

MLS Number: 977956

Triad MLS

APN: 14-005-D-000-0023-0-0-0

North Carolina Davidson County Lexington 27295

470 Magnolia Way, Lexington, NC

This home is located at 470 Magnolia Way, Lexington, NC 27295 since 26 May 2020 and is currently estimated at $627,216, approximately $179 per square foot. This property was built in 2020. 470 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.

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