NOT LISTED FOR SALE

8677 Magnolia Way Dexter, MI 48130

Estimated Value: $436,570 - $486,000

4 Beds
2.5 Baths
2,320 Sq Ft
$196/Sq Ft Est. Value

Last Sold May 13, 2024

Last sale price $420,000 $181 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,969/month

17 Days on Market

Highlights

  • Colonial Architecture
  • 2 Car Attached Garage
  • Laundry Room
  • Creekside Intermediate School Rated A-
  • Living Room
  • Forced Air Heating System

About This Home

As of May 2024

Welcome to this inviting 4 bed, 2.1 bath home located in the highly sought-after Thornton Farms neighborhood. with a corner lot and wider and larger driveway. The garage has an epoxy floor and storage shelving. The home was recently updated to include new exit door a paver patio and extraordinary landscaping in the front and back yards. It is a special home for living and for entertaining friends or family. New carpet in neutral tones compliment the laminate in the kitchen and hallways. New blinds and extra wood trims create style throughout. It boasts three living areas in addition to the eat-in kitchen. Abundant storage spaces are found throughout- from the entry closet , to the walk-in pantry and primary closet, as well as each bedroom and the basement which can be finished or used as it. The egress window allows for bright and useful space for many activities.

Last Agent to Sell the Property

Nancy Tochman

RE/MAX Classic License #6501386571 Listed on: 03/27/2024

RE/MAX Classic

Last Buyer's Agent

Nicholas Devine

Elite Realty License #6501411120

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,354

Year Built

  • Built in 2015

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 60x17x20x25x45x37x123

HOA Fees

  • $125 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • 2,320 Sq Ft Home
  • 2-Story Property
  • Living Room

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Laundry on upper level
  • Gas Dryer Hookup

Basement

  • Partial Basement
  • Natural lighting in basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • Thorton Farms Condo Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,354

Year Built

Built in 2015

Lot Details

0

HOA Fees

$125 per month

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Colonial
  • Stories: 2
  • Year Built: 2015
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 60X17x20x25x45x37x123
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 2320.0
  • General Property Info:Main Level Primary: No
  • Tax Info:Annual Property Tax: 5354.0
  • Waterfront Options:Water Access YN: No
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Heat Source:Natural Gas3: Yes
  • Substructure:Partial: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Location Property Info:Subdivision2: Thorton Farms Condo
  • Substructure:Daylight: Yes
  • General Property Info:SqFt Above Grade: 2320.0
  • Laundry Features Laundry Room: Yes
  • Laundry Features Upper Level: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • General Property Info Garage YN: Yes
  • Architectural Style:Colonial: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Basement: Daylight, Partial
  • LivingArea: 2320.0
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Total Basement SQFT: 960.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 429000.0
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Attached
  • Parking Features Attached2: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: Gas Dryer Hookup, Laundry Room, Upper Level
  • Sewer: Public
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 125.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • Association Info:Approx Assoc Fee2: 125.0
  • Association Info:Assoc Fee Payable: Monthly

Fee Information

  • Association Fee Includes: Other

Lot Info

  • Lot Size Acres: 0.22
  • Lot Size Area: 0.22
  • Lot Dimensions: 60X17x20x25x45x37x123
  • Lot Size Sq Ft: 9583.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5354.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2024
Closed on
May 13, 2024
Sold by
Grassel Kyle and Spagna Sydney
Bought by
Georgakas Sotirios
Seller's Agent
Nancy Tochman
RE/MAX Classic
Buyer's Agent
Nicholas Devine
Elite Realty
List Price
$429,000
Sold Price
$420,000
Premium/Discount to List
-$9,000
-2.1%
Views
28
Current Estimated Value
$455,393

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,393
Avg. Annual Appreciation
6.08%
Original Mortgage
$300,000
Outstanding Balance
$296,023
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$159,370

Purchase Details

Listed on
Mar 27, 2018
Closed on
May 2, 2018
Sold by
Bates Matthew M
Bought by
Grassel Kyle and Spagna Sydney
Seller's Agent
Ken Collica
RE/MAX Platinum
Buyer's Agent
No Member
Non Member Sales
List Price
$290,000
Sold Price
$305,000
Premium/Discount to List
$15,000
5.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.48%
Original Mortgage
$295,000
Interest Rate
4.24%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 16, 2016
Sold by
Lombardo Homes Of Se Michigan Llc
Bought by
Bates Matthew M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,817
Interest Rate
3.43%
Mortgage Type
VA

Purchase Details

Closed on
Jul 26, 2016
Sold by
Diverse Real Estate Llc
Bought by
Lombardo Homes Of Se Michigan Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,817
Interest Rate
3.43%
Mortgage Type
VA

Purchase Details

Closed on
Jun 29, 2016
Sold by
Medllion Brookside Real Estate Llc
Bought by
Diverse Real Estate Llc
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
Georgakas Sotirios $420,000 Liberty Title
Georgakas Sotirios $420,000 Liberty Title
Georgakas Sotirios $420,000 Liberty Title
Grassel Kyle $305,000 Select Title Co
Bates Matthew M $234,770 Greater Macomb Title Agnecy
Lombardo Homes Of Se Michigan Llc -- Great Macomb Title Agency
Diverse Real Estate Llc $440,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Georgakas Sotirios $300,000
Closed Georgakas Sotirios $300,000
Previous Owner Grassel Kyle $295,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2024 05/13/24 Sold $420,000 -2.1% $181 / Sq Ft
04/13/2024 04/13/24 Pending -- -- --
03/27/2024 03/27/24 For Sale $429,000 +40.7% $185 / Sq Ft
05/15/2018 05/15/18 Sold $305,000 +5.2% $131 / Sq Ft
04/02/2018 04/02/18 Pending -- -- --
03/27/2018 03/27/18 For Sale $290,000 -- $125 / Sq Ft
Source: Southwestern Michigan 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 $5,266 $211,200 $0 $0
2024 $1,652 $192,900 $0 $0
2023 $1,574 $177,100 $0 $0
2022 $5,122 $165,300 $0 $0
2021 $4,968 $163,800 $0 $0
2020 $4,878 $146,500 $0 $0
2019 $4,749 $134,300 $134,300 $0
2018 $4,342 $124,600 $0 $0
2017 $2,954 $126,200 $0 $0
2016 $0 $3,591 $0 $0
2015 -- $3,581 $0 $0
2014 -- $3,470 $0 $0
2013 -- $3,470 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24014442

Southwestern Michigan Association of REALTORS®

APN: 07-24-401-232