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1020 Magnolia Drive

1020 Magnolia Drive, Madison, GA 30650
Property in Morgan
Sold Feb 23, 2021
$585,000
$468,000 by Truist Bank
Mortgage Due Jan 01, 2051
Sold Mar 22, 2007
$85,000
$68,000 by Usaa Fsb
Mortgage Due Apr 01, 2027
Local assessors in Madison, GA have categorized 1020 Magnolia Drive as a residential type of property. The home was built in 2008 and is 16 years old. It was most recently renovated and altered in 2010. The property's lot size has been calculated to be 220,849 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 4 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1020 Magnolia Drive has a total of 2,891 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a well system. As for water disposal, the home is connected to a septic system and not a municipal sewage or storm sewage system. Therefore the homeowner of this property will need to handle their own water disposal every three to five years - though the exact number may differ. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 554 sqft. Moving onto specific details regarding the building. Our sources show that the building condition is good. The building has a gable or hip style roof that was made of shingle (not wood). Lots of brick were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1020 Magnolia Drive was last sold in Feb 23, 2021 for $585,000. According to our calculations, that's $202.35 per sqft. Prior to that sales transaction, the property was sold for $85,000 in Mar 22, 2007. Current property owners are expected to pay $5,407 in taxes per year. The property on 1020 Magnolia Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $230,093. To break that down further, the land itself was valued at $31,434. While improvements to the property were assessed at a total of $198,659. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Brick Exterior / Wood Exterior
Wood Siding

Parking

Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2010
  • Building Count: 2
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Good
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Floor Cover: Wood
  • Basement Type: Unspecified basement
  • Basement Area: 2,808
  • Garage Type: Garage
  • Garage Square Area: 554
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 220,849
  • Total Building Area: 2,891
  • Building Area: 2,891
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,891
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: MAGNOLIA PLANTATION
  • Land Acres: 5.07
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MAGNOLIA PLANTATION LOT 1

Ownership

  • Current Owner : JEFFERSON JESSE T
  • Current Owner 2: JEFFERSON PEGGY C
  • Previous Owner : JOHNSON PAUL C
  • Owner Before Previous Owner: MAGNOLIA PARTNERS INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Morgan County School District
  • School Tax School District: UNINCORPORATED
  • Census Tract: 010301

Zoning

  • Zoning: AG - AGRIC

Geography

  • Account Number: 10550
  • District: 20
  • Subdivision Phase Number: 1
  • Parcel: 027 079
  • Lot: 169
  • Municipality: UNINCORPORATED
  • Latitude: 33.606
  • Longitude: -83.5096

    Address

  • Full Address: 1020 Magnolia Dr
  • Address - House Number: 1020
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Dr
  • State: GA
  • City Name: Madison
  • Carrier Code: R001
  • 4-Digit Zip Code: 2287
  • Zip Code: 30650

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,407
  • Tax Rate Code Area: UNINCORPOR

    Appraisal Valuation

  • Standard Deviation: 0.2043
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 72
  • Final Value: 846,785
  • High Value: 1,019,831
  • Low Value: 673,740

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $468,000
  • First Open Lien Mortgage Lender: TRUIST BANK
  • First Open Lien Mortgage Recording Date: Feb 23, 2021
  • First Open Lien Mortgage Loan Amount: $468,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2051

    Market Valuation

  • Market Total Value: $575,233
  • Market Land Value: $78,585
  • Market Improvement Value: $496,648

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $230,093
  • Assessed Land Value: $31,434
  • Assessed Improvements Value: $198,659

    Sales

  • Current Sale Contract Date: Feb 23, 2021
  • Current Sale Recording Date: Feb 23, 2021
  • Current Sale Transaction ID: 11824160911
  • Current Sale Price: $585,000
  • Current Sale Document Type: Limited Warranty Deed
  • Current Sale Input Document Number: 2021-000202
  • Previous Sale Recording Date: Mar 22, 2007
  • Previous Sale Contract Date: Mar 22, 2007
  • Previous Sale Amount: $85,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: TRUIST BANK
  • First Mortgage Transaction Date: Feb 23, 2021
  • First Mortgage Loan Amount: $468,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: USAA FSB
  • Previous Mortgage Transaction Date: Mar 22, 2007
  • Previous Mortgage Loan Amount: $68,000
  • Previous Mortgage Term: 240
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Apr 01, 2027

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Frequently Asked Questions

What neighborhood is 1020 Magnolia Drive located in?
The 1020 Magnolia Drive is a located in the neighborhood of Morgan in Morgan, Madison.
What is the average sales price for listings in 1020 Magnolia Drive?
The average sales price for units in 1020 Magnolia Drive is $0 currently.

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