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4906 Southern Magnolia Drive

4906 Southern Magnolia Drive, Raleigh, NC 27604
Townhouse in Northeast Raleigh
4906 Southern Magnolia Drive has been categorized by the local assessors in Raleigh, NC as a residential type of property. The building on the property was first built in 2020 and is 4 years old. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 4906 Southern Magnolia Drive has 1,816 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 2,178 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a townhouse 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. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. 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, 4906 Southern Magnolia Drive sold most recently in Jan 28, 2022 for a total of $360,000. If you work out the math, that's approximately a cost of $198.24 per sqft. 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 $2,729 in taxes each year. 4906 Southern Magnolia Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $248,577. If we break it down further, the land itself was valued at $40,000. Improvements to the property, however, were assessed at a total of $208,577. The property's total market value has been marked the same as the total assessed value which is pretty typical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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

Condition

New Construction
This property description is generated based on publicly available data.

2 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210203 Unit PLANPATRICK
02/03/2021
3 Bed
4 Bath
1923 ft²
$262,990
bedrooms
3 Bed
bathrooms
4 Bath
square feet
1923 ft²
-
-
-
-
02/03/2021
3 Bed
4 Bath
1869 ft²
$254,990
bedrooms
3 Bed
bathrooms
4 Bath
square feet
1869 ft²
-
-
-
-

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Style: Townhouse
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,178
  • Total Building Area: 1,816
  • Building Area: 1,816
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,816
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: MAGNOLIA TRACE
  • Land Acres: 0.05
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: LO93 MAGNOLIA TRACE PH1 BM2020-00537

Ownership

  • Current Owner : YENUGA SNDHIR BABU
  • Current Owner 2: SIRASAPALLI HEMA LATHA
  • Previous Owner : LENNAR CAROLINAS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 054118

Zoning

  • Zoning: CX-3

Geography

  • Assessors Map Reference: BK 2020 PG 537
  • Account Number: 0474732
  • District: 17
  • Subdivision Phase Number: 1
  • Parcel: 1735.17-10-9773 0474732
  • Lot: 93
  • Municipality: ST MATTHEW'S
  • Latitude: 35.8124
  • Longitude: -78.5539

    Address

  • Full Address: 4906 Southern Magnolia Dr
  • Address - House Number: 4906
  • Address - Street Name: Southern Magnolia
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C033
  • 4-Digit Zip Code: 8049
  • Zip Code: 27604

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,729

    Appraisal Valuation

  • Standard Deviation: 0.1344
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 84
  • Final Value: 386,781
  • High Value: 438,779
  • Low Value: 334,784

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $269,325
  • First Open Lien Mortgage Lender: LENNAR MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jan 31, 2022
  • First Open Lien Mortgage Loan Amount: $269,325
  • 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: Feb 01, 2052

    Market Valuation

  • Market Total Value: $248,577
  • Market Land Value: $40,000
  • Market Improvement Value: $208,577

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $248,577
  • Assessed Land Value: $40,000
  • Assessed Improvements Value: $208,577

    Sales

  • Current Sale Contract Date: Jan 28, 2022
  • Current Sale Recording Date: Jan 31, 2022
  • Current Sale Transaction ID: 11879380623
  • Current Sale Price: $360,000
  • Current Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LENNAR MORTGAGE LLC
  • First Mortgage Transaction Date: Jan 31, 2022
  • First Mortgage Loan Amount: $269,325
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2052

About Northeast Raleigh



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Frequently Asked Questions

What neighborhood is 4906 Southern Magnolia Drive located in?
The 4906 Southern Magnolia Drive is a townhouse located in the neighborhood of Northeast Raleigh in Northeast Raleigh, Raleigh.
What is the average sales price for listings in 4906 Southern Magnolia Drive?
The average sales price for units in 4906 Southern Magnolia Drive is $0 currently.

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