NOT LISTED FOR SALE

701 Magnolia Cir South Lake, TX 76092

Estimated Value: $1,872,000 - $2,311,124

5 Beds
4.5 Baths
5,471 Sq Ft
$391/Sq Ft Est. Value

Last Sold August 31, 2023

Current estimated payment $14,291/month

111 Days on Market

Highlights

  • Traditional Architecture
  • Cathedral Ceiling
  • Outdoor Kitchen
  • Walnut Grove Elementary School Rated A+
  • Wood Flooring
  • Covered patio or porch

About This Home

As of August 2023

Stunning Custom-Built 5 bedroom Home located in highly sought-after Southlake Meadows with Southlake's Carroll ISD schools! Nestled on a 0.738-acre lot, this home features on-site finished wood flooring, vaulted ceilings, and a grande staircase that graciously greets you as you enter the home. Enjoy the engaging open concept Kitchen, Dining, and Living Spaces, perfect for entertaining family and friends. Kitchen upgrades include custom cabinetry, Jenn Aire stainless appliances including a 6 Burner Gas Cooktop! The spacious First Floor Owner's Retreat is complete with an ensuite bathroom featuring a Walk-in Shower, Soaking Tub, Separate Vanities, and Oversized Walk-in Closet. The additional downstairs bedroom features an ensuite bathroom, a walk-in closet and can be easily used as a Second Owners Suite. Upstairs offers 3 bedrooms, Game Room and Media Room! Outdoor living offers a beautiful Covered Living Space complete with a Built-in Grill and Beverage Refrigerator!

Last Agent to Sell the Property

Troy George

Synergy Realty Brokerage Phone: 817-865-1500 License #0492946 Listed on: 03/15/2023

Co-Listed By

Lucy Noonan

Synergy Realty Brokerage Phone: 817-865-1500 License #0560617

Last Buyer's Agent

Ananth Mallavarapu

R2 Realty LLC License #0580984

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,924

Year Built

  • Built in 2017

Lot Details

  • 0.74 Acre Lot
  • Cul-De-Sac
  • Aluminum or Metal Fence
  • Brick Fence
  • Sprinkler System
  • Back Yard

HOA Fees

  • $144 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Electric Gate

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 5,471 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Living Room with Fireplace
  • Washer and Electric Dryer Hookup

Kitchen

  • Double Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Home Security

  • Home Security System
  • Carbon Monoxide Detectors

Eco-Friendly Details

  • Energy-Efficient Insulation
  • Energy-Efficient Thermostat

Outdoor Features

  • Covered patio or porch
  • Outdoor Kitchen
  • Exterior Lighting
  • Outdoor Gas Grill
  • Rain Gutters

Schools

  • Walnut Grove Elementary School
  • Carroll High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Vented Exhaust Fan
  • Underground Utilities
  • Tankless Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • Association fees include all facilities, management, insurance, ground maintenance
  • Rti Community Management Association
  • Southlake Meadows Subdivision

Listing and Financial Details

  • Legal Lot and Block 3 / 6
  • Assessor Parcel Number 42229306

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,924

Year Built

Built in 2017

Lot Details

0

HOA Fees

$144 per month

Parking

3

Listing Details

  • OWNERNAME: Of Record
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional, Detached
  • Unit Levels: Two
  • Security: Prewired, Security System, Carbon Monoxide Detector(s)
  • Year Built Details: Preowned
  • Attribution Contact: 817-865-1500
  • Co List Office Mls Id: TDGSY01
  • Co List Office Phone: 817-865-1500
  • Co List Office Mls Id: TDGSY01
  • Structure Type: House
  • Special Features: VirtualTour
  • Year Built: 2017

Interior Features

  • Square Footage: 5471.0
  • Windows: Window Coverings
  • Fireplace Features: Gas, Gas Log, Living Room
  • Interior Amenities: Cathedral Ceiling(s), Decorative/Designer Lighting Fixtures, High Speed Internet, Cable TV, Wired for Sound
  • Flooring: Carpet, Tile, Wood
  • Appliances: Some Gas Appliances, Double Oven, Dishwasher, Gas Cooktop, Disposal, Microwave, Plumbed For Gas, Tankless Water Heater, Vented Exhaust Fan
  • Basement YN: No
  • Fireplaces: 1

Beds/Baths

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5

Exterior Features

  • Foundation: Slab
  • Community Features: Fenced Yard, Sidewalks, Curbs
  • Fencing: Brick, Metal, Stone
  • Roof: Composition
  • Construction Materials: Brick, Rock, Stone
  • Exterior Features: Gas Grill, Lighting, Outdoor Grill, Outdoor Kitchen, Outdoor Living Area, Rain Gutters
  • Pool Features: None
  • Waterfront: No
  • Patio And Porch Features: Covered

Garage/Parking

  • Cooling System: Central Air, Ceiling Fan(s), Electric, Zoned
  • Garage Spaces: 3.0
  • Total Covered Spaces: 3.0
  • Parking Features: Door-Single, Driveway, Electric Gate, Garage, Garage Door Opener, Oversized
  • Attached Garage YN: Yes
  • GarageYN: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Zoned
  • LaundryFeatures: Washer Hookup, Electric Dryer Hookup, Laundry in Utility Room
  • Utilities: Electricity Connected, Natural Gas Available, Phone Available, Sewer Available, Separate Meters, Underground Utilities, Water Available, Cable Available
  • Heating Yn: Yes

Condo/Co-op/Association

  • HOA Fee Includes: All Facilities, Association Management, Insurance, Maintenance Grounds
  • Association Fee: 1725.0
  • Association Fee Frequency: Annually
  • Association Name: RTI Community Management

Schools

  • Elementary School: Walnut Grove
  • High School: Carroll
  • Junior High Dist: Carroll ISD

Green Features

  • Efficiency: Insulation, Rain/Freeze Sensors, Thermostat

Lot Info

  • PropertyAttachedYN: No
  • Lot Features: Back Yard, Cul-De-Sac, Backs to Greenbelt/Park, Lawn, Subdivision, Sprinkler System
  • Lot Size Units: Acres
  • Lot Size Area: 0.738
  • Parcel Number: 42229306
  • Lot Size Acres: 0.738
  • Lot Size Sq Ft: 32147.28

Building Info

  • Year Built: 2017

Tax Info

  • TaxBlock: 6
  • Tax Lot: 3
  • Tax Annual Amount: 23924.0

MLS Schools

  • MiddleOrJuniorSchool: Carroll

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2023
Closed on
Aug 31, 2023
Sold by
Garza Jesse R and Garza Elcy A
Bought by
Kakarla Saritha
Seller's Agent
Troy George
Synergy Realty
Buyer's Agent
Ananth Mallavarapu
R2 Realty LLC
List Price
$1,982,000
Views
187
Current Estimated Value
$2,122,253

Purchase Details

Closed on
Jun 23, 2017
Sold by
Toll Dallas Tx Llc
Bought by
Garza Jesse R and Garza Elcy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$511,600
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Kakarla Saritha -- First American Title Insurance
Garza Jesse R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garza Jesse R $511,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2023 08/31/23 Sold -- -- --
07/04/2023 07/04/23 Pending -- -- --
06/23/2023 06/23/23 Price Changed $1,897,000 -4.3% $347 / Sq Ft
03/15/2023 03/15/23 For Sale $1,982,000 -- $362 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

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 $30,325 $1,939,800 $446,250 $1,493,550
2023 $23,532 $1,700,000 $446,250 $1,253,750
2022 $25,321 $1,644,824 $309,375 $1,335,449
2021 $24,328 $1,067,000 $331,875 $735,125
2020 $24,526 $1,067,000 $331,875 $735,125
2019 $25,837 $1,067,000 $331,875 $735,125
2018 $25,624 $1,058,199 $331,875 $726,324
2017 $11,679 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20273975

North Texas Real Estate Information Systems (NTREIS)

APN: 42229306