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113 Southern Magnolia Lane

113 Southern Magnolia Lane, Rex, GA 30273
Property in Homestead Place
Sold May 28, 2021
$199,000
$195,395 by Ocmbc
Mortgage Due Jan 01, 2051
Sold May 05, 1998
$115,900
$118,218 by Long Island Fsb
Mortgage
Local assessors in Rex, GA have categorized 113 Southern Magnolia Lane as a residential type of property. The home was built in 1997 and is 27 years old. The property's lot size has been calculated to be 18,956 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a split foyer style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 5 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 3 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 113 Southern Magnolia Lane has a total of 3,227 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. 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 624 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a open porch and a patio so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C+. The building has a gable style roof that was made of asphalt. Lots of alum/vinyl siding 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 forced air unit is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 113 Southern Magnolia Lane sold most recently in May 28, 2021 for a total of $199,000. If you work out the math, that's approximately a cost of $61.67 per sqft. Before that, the property was also sold for $115,900 in Mar 27, 1998. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,076 in taxes each year. 113 Southern Magnolia Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $111,720. If we break it down further, the land itself was valued at $8,000. Improvements to the property, however, were assessed at a total of $103,720. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Total Rooms: 5
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Average
  • Building Quality: C+
  • Construction Type: Wood
  • Building Style: Split foyer
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 624
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 18,956
  • Total Building Area: 3,227
  • Gross Building Area: 3,422
  • Building Area: 3,227
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,227
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HOMESTEAD PLACE
  • Land Acres: 0.435
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LLOT: 122 LDIST:12 LOT:4

Ownership

  • Current Owner : MEADOWS CHRISTOPHER M
  • Previous Owner : DAVIS ALFRED L
  • Owner Before Previous Owner: D & N CLASSIC HOMES INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Henry County School District
  • Census Tract: 070126

Geography

  • Assessors Map Reference: MB 26 PG 261
  • District: 12
  • Parcel: 028A01047000
  • Lot: 122
  • Municipality: UNINCORP
  • Latitude: 33.5803
  • Longitude: -84.2587

    Address

  • Full Address: 113 Southern Magnolia Ln
  • Address - House Number: 113
  • Address - Street Name: Southern Magnolia
  • Address - Suffix Type: Ln
  • State: GA
  • City Name: Rex
  • Carrier Code: R077
  • 4-Digit Zip Code: 1930
  • Zip Code: 30273

Valuation

    Tax

  • Total Area: 3,031
  • Tax Year: 2023
  • Tax Amount: $3,076
  • Tax Rate Code Area: 0001

    Appraisal Valuation

  • Standard Deviation: 0.1534
  • Valuation Date: Sep 27, 2023
  • Confidence Score: 81
  • Final Value: 317,145
  • High Value: 365,816
  • Low Value: 268,474

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $195,395
  • First Open Lien Mortgage Lender: OCMBC
  • First Open Lien Mortgage Recording Date: May 28, 2021
  • First Open Lien Mortgage Loan Amount: $195,395
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2051

    Market Valuation

  • Market Total Value: $279,300
  • Market Land Value: $20,000
  • Market Improvement Value: $259,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $111,720
  • Assessed Land Value: $8,000
  • Assessed Improvements Value: $103,720

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 28, 2021
  • Current Sale Recording Date: May 28, 2021
  • Current Sale Transaction ID: 11837059458
  • Current Sale Price: $199,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021-005549
  • Previous Sale Recording Date: May 05, 1998
  • Previous Sale Contract Date: Mar 27, 1998
  • Previous Sale Amount: $115,900
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: OCMBC
  • First Mortgage Transaction Date: May 28, 2021
  • First Mortgage Loan Amount: $195,395
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: LONG ISLAND FSB
  • Previous Mortgage Transaction Date: May 05, 1998
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $118,218
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA

About Homestead Place



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Frequently Asked Questions

What neighborhood is 113 Southern Magnolia Lane located in?
The 113 Southern Magnolia Lane is a located in the neighborhood of Homestead Place in Homestead Place, Rex.
What is the average sales price for listings in 113 Southern Magnolia Lane?
The average sales price for units in 113 Southern Magnolia Lane is $0 currently.

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