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2508 Magnolia Tree Lane

2508 Magnolia Tree Lane, Durham, NC 27703
Property in Ed Cook
Sold Jan 12, 2022
$441,000
Sold Jan 08, 2014
$312,000
Local assessors in Durham, NC have categorized 2508 Magnolia Tree Lane as a residential type of property. The home was built in 2015 and is 9 years old. The property's lot size has been calculated to be 6,534 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. 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, 3 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 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2508 Magnolia Tree Lane has a total of 2,177 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 attached garage for those who need a place to park their vehicle. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. 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, 2508 Magnolia Tree Lane was last sold in Jan 6, 2022 for $441,000. According to our calculations, that's $202.57 per sqft. Prior to that sales transaction, the property was sold for $312,000 in Jan 7, 2014. Current property owners are expected to pay $3,567 in taxes per year. The property on 2508 Magnolia Tree Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $272,299. To break that down further, the land itself was valued at $57,650. While improvements to the property were assessed at a total of $214,649. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. 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

Parking

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

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Conventional
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,177
  • Building Area: 2,177
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,177
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RUSTICA OAKS
  • Land Acres: 0.15
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RUSTICA OAKS/LT#064 REV PL000193-000197

Ownership

  • Current Owner : CHEN JIANFENG
  • Current Owner 2: LIU JING
  • Previous Owner : WRIGHT GARY E
  • Previous Owner 2: WRIGHT LINDA
  • Owner Before Previous Owner: RUSTICA OAKS DEVELOPMENT LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Durham Public Schools
  • School Tax District Code 2: CTY DURHAM
  • Census Tract: 002035

Zoning

  • Zoning: PDR 4.000

Geography

  • Assessors Map Reference: BK 193 PG 197
  • Parcel: 214433
  • Lot: 64
  • Municipality: CITY OF DURHAM
  • Latitude: 35.9496
  • Longitude: -78.8808

    Address

  • Full Address: 2508 Magnolia Tree Ln
  • Address - House Number: 2508
  • Address - Street Name: Magnolia Tree
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Durham
  • Carrier Code: C002
  • 4-Digit Zip Code: 6421
  • Zip Code: 27703

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,567

    Appraisal Valuation

  • Standard Deviation: 0.1651
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 79
  • Final Value: 466,774
  • High Value: 543,839
  • Low Value: 389,709

    Market Valuation

  • Market Total Value: $272,299
  • Market Land Value: $57,650
  • Market Improvement Value: $214,649

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $272,299
  • Assessed Land Value: $57,650
  • Assessed Improvements Value: $214,649

    Sales

  • Current Sale Contract Date: Jan 06, 2022
  • Current Sale Recording Date: Jan 12, 2022
  • Current Sale Transaction ID: 11877358775
  • Current Sale Price: $441,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2022001613
  • Previous Sale Recording Date: Jan 08, 2014
  • Previous Sale Contract Date: Jan 07, 2014
  • Previous Sale Amount: $312,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Jan 12, 2022
  • First Mortgage Loan Amount: $340,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2052

About Ed Cook



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Frequently Asked Questions

What neighborhood is 2508 Magnolia Tree Lane located in?
The 2508 Magnolia Tree Lane is a located in the neighborhood of Ed Cook in Ed Cook, Durham.
What is the average sales price for listings in 2508 Magnolia Tree Lane?
The average sales price for units in 2508 Magnolia Tree Lane is $0 currently.

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