See Home Value
Cornelius 28031
8907 Magnolia Estates Drive
$729,000
● House - Off Market

8907 Magnolia Estates Drive

Cornelius, NC 28031
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,774 Ft²
$3,580
Est. Monthly

About This Property

Rare Find in Magnolia Estates - A Quiet Retreat on a Stunning 0.75-Acre Lot! Welcome to this beautifully updated 4-bedroom, 3-bathroom home in the heart of Magnolia Estates, where modern comfort meets the charm of one of Cornelius's most beloved neighborhoods. Set on an expansive wooded lot, this 2,737 sq ft home offers the perfect blend of privacy, space, and thoughtful upgrades designed for everyday living - all with the freedom of no HOA. Step inside to discover new hardwood floors, a bright and welcoming layout, and a fully updated kitchen that serves as the warm center of the home. Each bathroom has been tastefully renovated, creating spaces that feel fresh and inviting. With four generously sized bedrooms, everyone has a comfortable place to unwind. Outside, the property truly shines. The large, wooded backyard features a greenhouse, fire pit and garden area. Whether you're hosting gatherings, tending to your garden, or simply enjoying quiet moments outdoors, this property offers endless possibilities. A standout feature is the impressive 600 sq ft heated and cooled detached garage, complete with its own kitchen area, bathroom with shower and toilet, and sleeping loft - perfect for guests, hobbies, a workshop, ADU or even a private studio. The new driveway and large parking area make entry and exit a breeze. Homes like this - with land, updates, flexible spaces, and no HOA restrictions - are rare in Cornelius. This is your chance to create the lifestyle you've always imagined in a community known for its welcoming atmosphere and unbeatable location. Near the McDowell Greenway, Jetton Park, Lake Norman, Birkdale Village, I-77, and countless shopping and dining options. Your next chapter begins here in Magnolia Estates - don't miss this opportunity.
Unit Size
2,774 Ft²
Days on Market
-
Land Size
0.75 acres
Price per sqft
$263
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1996

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Last updated: 3 months ago (CANOPYMLS #CAR4406312)

Price History

Date / Event Date Event Price
Aug 17, 2026 Sold
Sold
Jul 26, 2026 In contract -
In contract
Jul 21, 2026 Listed by Homecoin.com $729,000
Listed by Homecoin.com
Sep 6, 2019 Sold
Sold
Sep 3, 1996 Sold
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 28
  • Exterior Walls Type: 15
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 437
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,234
  • Total Building Area: 2,737
  • Gross Building Area: 2,737
  • Building Area: 2,737
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,737
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAGNOLIA ESTATES PH 02 MAP 04
  • Land Acres: 0000000740
  • Standard Land Use Code: 1001
  • County Land Use Code: R100
  • Legal Description 1: L22 M24-18

Neighborhood

  • School District Name: Charlotte-Mecklenburg Schools
  • School Tax School District: CORNELIUS
  • Census Tract: 006208

Zoning

  • Zoning: GR

Geography

  • Assessors Map Reference: 005-26
  • District: 3
  • Parcel: 005-263-12
  • Block: 3
  • Lot: 22
  • Municipality: CORNELIUS
  • Latitude: 35.4741
  • Longitude: -80.8812

    Address

  • Full Address: 8907 Magnolia Estates Dr
  • Address - House Number: 8907
  • Address - Street Name: Magnolia Estates
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Cornelius
  • Carrier Code: R011
  • 4-Digit Zip Code: 7849
  • Zip Code: 28031

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $294,454
  • Tax Rate Code Area: 02

    Appraisal Valuation

  • Standard Deviation: 0.1768
  • Valuation Date: Apr 26, 2023
  • Confidence Score: 77
  • Final Value: 617,096
  • High Value: 726,201
  • Low Value: 507,991

    Market Valuation

  • Market Total Value: $511,400
  • Market Land Value: $100,000
  • Market Improvement Value: $411,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $511,400
  • Assessed Land Value: $100,000
  • Assessed Improvements Value: $411,400

    Sales

  • Current Sale Contract Date: Sep 06, 2019
  • Current Sale Recording Date: Sep 06, 2019
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019117508
  • Previous Sale Recording Date: Sep 03, 1996
  • Previous Sale Contract Date: Sep 03, 1996
  • Previous Sale Amount: $194,500
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Cornelius


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Nearby Rentals

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Unit for rent at 7322 Swansea Lane, Cornelius, NC, 28031

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7322 Swansea Lane, Cornelius, NC, 28031 Listing by Ken Coronet
Unit for rent at 19729 Feriba Place, Cornelius, NC, 28031

$1,800 /mo

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19729 Feriba Place #C, Cornelius, NC, 28031 Listing by Volkmar Dirksen


Frequently Asked Questions

When was property at 8907 Magnolia Estates Drive built and last sold?
The property at 8907 Magnolia Estates Drive was built in 1996 and last sold on Sep 6, 2019 for $371,500.
How much is this home worth?
The estimated value of the home located at 8907 Magnolia Estates Drive is $742,234.
What are some comparable homes to 8907 Magnolia Estates Drive?
There are currently no comparable homes to 8907 Magnolia Estates Drive.