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2502 Magnolia Circle

2502 Magnolia Circle, Columbus, MS 39705
Property in Lowndes
Sold Apr 19, 2022
$221,000
$176,767 by Gum Tree Mortgage Llc
Mortgage Due May 01, 2052
Sold May 09, 2005
$142,800
$114,207 by Bancorpsouth Bank
Mortgage Due Jun 01, 2035
Local assessors in Columbus, MS have categorized 2502 Magnolia Circle as a residential type of property. The home was built in 1964 and is 60 years old. The property's lot size has been calculated to be 12,460 square feet. The linear feet between the front and back of the lot was measured at 890 ft and the front of the lot was measured at 1,400 ft. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. If we look only at the heated or air conditioned part of the building, then 2502 Magnolia Circle has a total of 1,816 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. Moving onto specific details regarding the building. Our sources show that the building condition is good. 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 metal. Lots of brick veneer 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 air conditioning for their cooling system. The home's a forced air unit is the primary heating source. 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, 2502 Magnolia Circle sold most recently in Mar 30, 2022 for a total of $221,000. If you work out the math, that's approximately a cost of $106.00 per sqft. Before that, the property was also sold for $142,800 in May 9, 2005. 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 $1,127 in taxes each year. 2502 Magnolia Circle was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $8,728. 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.

Building Features

Parking

Carport
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Good
  • Building Quality: C-
  • Exterior Walls Type: Brick veneer
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Metal
  • Floor Cover: Tile
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,460
  • Lot Size Depth Feet: 890
  • Lot Size Frontage Feet: 1,400
  • Total Building Area: 2,085
  • Building Area: 2,085
  • Building Area Measurement: Adjusted Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,816
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GREEN ACRES 2ND EXT
  • Land Acres: 0.286
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 2502 MAGNOLIA CIR LOT 31 BLOCK 2

Ownership

  • Current Owner : NEAL BENJAMIN WARD
  • Current Owner 2: NEAL ANGELINA MEEKS
  • Previous Owner : HILL DAVID L
  • Owner Before Previous Owner: HUNT JAMES W
  • Owner Before Previous Owner 2: HUNT JANE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Columbus Municipal School District
  • Census Tract: 000901

Geography

  • Account Number: 11041
  • Parcel: 56W090010700
  • Block: 2
  • Lot: 31
  • Meridian: SEC 04 TWN 18S RNG 18W
  • Municipality: DISTRICT 2 - COLUMBUS INSIDE
  • Latitude: 33.5226
  • Longitude: -88.4333

    Address

  • Full Address: 2502 Magnolia Cir
  • Address - House Number: 2502
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Cir
  • State: MS
  • City Name: Columbus
  • Carrier Code: C001
  • 4-Digit Zip Code: 1912
  • Zip Code: 39705

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,127
  • Tax Rate Code Area: 2110

    Appraisal Valuation

  • Standard Deviation: 0.199
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 177,883
  • High Value: 213,288
  • Low Value: 142,478

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $176,767
  • First Open Lien Mortgage Lender: GUM TREE MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Apr 19, 2022
  • First Open Lien Mortgage Loan Amount: $176,767
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Balloon
  • First Open Lien Mortgage Loan Due Date: May 01, 2052

    Market Valuation

  • Market Total Value: $87,280
  • Market Land Value: $15,000
  • Market Improvement Value: $72,280

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $8,728

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 30, 2022
  • Current Sale Recording Date: Apr 19, 2022
  • Current Sale Transaction ID: 11885807482
  • Current Sale Price: $221,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: May 09, 2005
  • Previous Sale Contract Date: May 09, 2005
  • Previous Sale Amount: $142,800
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUM TREE MORTGAGE LLC
  • First Mortgage Transaction Date: Apr 19, 2022
  • First Mortgage Loan Amount: $176,767
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Balloon
  • First Mortgage Loan Due Date: May 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: BANCORPSOUTH BANK
  • Previous Mortgage Transaction Date: May 09, 2005
  • Previous Mortgage Loan Amount: $114,207
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Jun 01, 2035

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Frequently Asked Questions

What neighborhood is 2502 Magnolia Circle located in?
The 2502 Magnolia Circle is a located in the neighborhood of Lowndes in Columbus, Columbus.
What is the average sales price for listings in 2502 Magnolia Circle?
The average sales price for units in 2502 Magnolia Circle is $0 currently.

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