112 Magnolia Rd, Lexington, NC, 27292

$560,000

Home List Price

$6,650*

Closing Credit

3 Bedrooms
3 Full Baths, 1 Partial
4,876 SqFt
$115/SqFt
House
Schools Nearby

Location

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112 Magnolia Rd, Lexington$560,000

Buyer Closing Credits

$6,650*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingBasement, Attached Garage
Attached GarageYes
Year Built1967
HeatingFloor Furnace
CoolingCentral Air
BasementYes
FireplaceDen, Gas Log, Great Room
MLS #4123499
StatusAccepting Backup Offers
(Active Under Contract)

About 112 Magnolia Rd

Here's another chance to own luxury in the Lexington Golf Course community - AT NO FAULT OF THE SELLER. Buyer financing fell through. Boasting 3 spacious bedrooms, this residence offers an abundance of space for both living and entertaining, complemented by the charm of mature trees and beautiful landscaping. Modern conveniences such as a central vacuum and landscaping irrigation system elevate the living experience. The lower level is a standout feature, complete with a second kitchen, dining area, and ample recreational space. Could be easily be transformed into an in-law or secondary living area. Warm up to one of the two large and inviting fireplaces. With two primary suites on the main level, this home offers flexibility that suits various lifestyles. Storage is never a concern with plenty of room for all your belongings. It has been lovingly maintained, ensuring that it's not just a house, but a cherished home. Seize the opportunity to call this stunning property your own!

Property Details

Property Features

Property Information:

  • Year Built: 1967
  • Living Area: 4,876 SqFt

Listing Office:

  • Office Name: John Christian Luxury Real Estate

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Cooktop
  • Basement: Yes
  • Interior: Attic Stairs Fixed
  • Fireplace: Den, Gas Log, Great Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Attached Garage: Yes
  • Parking: Basement, Attached Garage

Utilities

Utilities Information:

  • Heating: Floor Furnace
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $560,000
  • Price Per SqFt: $115/SqFt

Tax Information:

  • Annual Amount: $4,284
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Lexington, NC.

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Lexington, NC

City

Med. Sold Price

$280.7K

Med. Price/SqFt

$155

Avg. Days On Market

61

# of Sold Homes

94

112 Magnolia Rd vs Lexington

29 DAYS ON ROCKET

-32 Days

$560,000

+$279.2K More

$115/SqFt

-$40 Less

KEY TAKEAWAY

This property is $279.2K more than the Median Sold Price and $40/SqFt less than other homes in Lexington, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #4123499

Listing Office:

  • Office Name: John Christian Luxury Real Estate

IDX Listings courtesy of Canopy MLS as distributed by MLS GRID.

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Copyright © 2024 MLS GRID.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 10:21:15 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$4,284$329,500
2020$3,476$269,460
2019$3,529$269,460
2018$3,530$269,460
2017$3,530$269,460

History based on county public records data.

Payment Calculator

$2,862

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,745

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1179696
4
/10

  • Charles England Elementary School

  • 111 Cornelia St

  • 1.75 miles

  • Public District Grades 1-5

school-card-donut-1179697
3
/10

  • Southwest Elementary School

  • 434 Central Ave

  • 2.67 miles

  • Public District Grades 1-5

school-card-donut-1179698
4
/10

  • Pickett Elementary School

  • 200 Biesecker Rd

  • 3.87 miles

  • Public District Grades 1-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,321. The most common annual income of people living in Lexington, NC is less than $35k. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 112 Magnolia Rd

What is the listing price of this property?

The listing price of 112 Magnolia Rd property is $560,000.

What type of property is this?

The property 112 Magnolia Rd is a house located in Lexington, North Carolina, 27292.

Is this property for sale now?

Accepting Backup Offers: 112 Magnolia Rd is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $4,284 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 112 Magnolia Rd has 3 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 112 Magnolia Rd is 4,876 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 112 Magnolia Rd is 1967.

Rocket Homes›North Carolina›Davidson County›Lexington›27292›112 Magnolia Rd

This home is located at 112 Magnolia Rd in Lexington, NC and zip code 27292. This 4,876 square foot home was built in 1967. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 28, 2024 and is currently priced at $560,000.

While more than 14 listings in Lexington, NC in March 2024 were sold above asking price, there were more than 30 listings sold at asking price, and more than 50 were sold below. The number of listings in Lexington, NC increased by 4% between February 2024 and March 2024. The median list price of listings available in March 2024 was $280,737, while the average time on the real estate market was 61 days.

From Rocket Homes Real Estate and based on county public records data.

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