2516 Magnolia Tree Lane

2516 Magnolia Tree Lane has been categorized by the local assessors in Durham, NC as a residential type of property. The building on the property was first built in 2015 and is 9 years old. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 2516 Magnolia Tree Lane has 1,899 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 5,227 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. There is a single fireplace in the home. Perfect for those wintery nights. 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, 2516 Magnolia Tree Lane sold most recently in Jul 28, 2023 for a total of $455,000. If you work out the math, that's approximately a cost of $239.60 per sqft. Before that, the property was also sold for $218,500 in Jul 16, 2015. 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 $3,248 in taxes each year. 2516 Magnolia Tree Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $247,963. If we break it down further, the land itself was valued at $56,050. Improvements to the property, however, were assessed at a total of $191,913. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.