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5129 Magnolia Tree Lane

5129 Magnolia Tree Lane, Charlotte, NC 28215
Sold Dec 30, 2022
$30,000
$207,500 by Primelending
Mortgage Due Jan 01, 2053
Sold Dec 30, 2022
$245,000
5129 Magnolia Tree Lane in Charlotte, NC was first built in 2005 and is 19 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown style. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 5129 Magnolia Tree Lane has 1,383 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 1,742 square feet.

Learn more about the property and building on this page. There is a open porch. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter 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, 5129 Magnolia Tree Lane sold most recently in Dec 30, 2022 for a total of $30,000. If you work out the math, that's approximately a cost of $21.69 per sqft. Before that, the property was also sold for $245,000 in Dec 29, 2022. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $1,183 in taxes each year. 5129 Magnolia Tree Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $232,000. If we break it down further, the land itself was valued at $45,000. Improvements to the property, however, were assessed at a total of $187,000. 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.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

Exterior

Brick Exterior
Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Unknown
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 1,742
  • Total Building Area: 1,383
  • Gross Building Area: 1,383
  • Building Area: 1,383
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,383
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: KIMMERLY WOODS
  • Land Acres: 0.04
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: L2301 BLD23 M43-717

Ownership

  • Current Owner : HERRON TULIA
  • Previous Owner : CITY OF CHARLOTTE
  • Owner Before Previous Owner: OPENDOOR PROPERTY TRUST
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Charlotte-Mecklenburg Schools
  • School Tax School District: CHARLOTTE
  • Census Tract: 001925

Zoning

  • Zoning: R-17MF

Geography

  • Assessors Map Reference: 099-28
  • District: 1
  • Parcel: 099-284-06
  • Block: 4
  • Lot: 2301
  • Municipality: CHARLOTTE
  • Latitude: 35.2279
  • Longitude: -80.7339

    Address

  • Full Address: 5129 Magnolia Tree Ln
  • Address - House Number: 5129
  • Address - Street Name: Magnolia Tree
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Charlotte
  • Carrier Code: C064
  • 4-Digit Zip Code: 4341
  • Zip Code: 28215

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,183
  • Tax Rate Code Area: CITY OF CH

    Appraisal Valuation

  • Standard Deviation: 0.2036
  • Valuation Date: Apr 26, 2023
  • Confidence Score: 72
  • Final Value: 247,010
  • High Value: 297,304
  • Low Value: 196,716

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $237,500
  • First Open Lien Mortgage Lender: PRIMELENDING
  • First Open Lien Mortgage Recording Date: Dec 30, 2022
  • First Open Lien Mortgage Loan Amount: $207,500
  • 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: Jan 01, 2053
  • Second Open Lien Mortgage Loan Amount: $30,000

    Market Valuation

  • Market Total Value: $232,000
  • Market Land Value: $45,000
  • Market Improvement Value: $187,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $232,000
  • Assessed Land Value: $45,000
  • Assessed Improvements Value: $187,000

    Sales

  • Current Sale Contract Date: Dec 30, 2022
  • Current Sale Recording Date: Dec 30, 2022
  • Current Sale Transaction ID: 11900428753
  • Current Sale Price: $30,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 169438
  • Previous Sale Recording Date: Dec 30, 2022
  • Previous Sale Contract Date: Dec 29, 2022
  • Previous Sale Amount: $245,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PRIMELENDING
  • First Mortgage Transaction Date: Dec 30, 2022
  • First Mortgage Loan Amount: $207,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Balloon
  • First Mortgage Loan Due Date: Jan 01, 2053
  • Second Mortgage Loan Amount: $30,000

About Eastland - Wilora Lake



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Unit for rent at 6608 Rosecran Drive, Charlotte, NC, 28215

$2,600 /mo

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6608 Rosecran Drive, Charlotte, NC, 28215 Listing by Valerie Greene

Frequently Asked Questions

What neighborhood is 5129 Magnolia Tree Lane located in?
The 5129 Magnolia Tree Lane is a townhouse located in the neighborhood of Eastland - Wilora Lake in Eastland - Wilora Lake, Charlotte.
What is the average sales price for listings in 5129 Magnolia Tree Lane?
The average sales price for units in 5129 Magnolia Tree Lane is $0 currently.

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