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8851 Magnolia Estates Drive
8851 Magnolia Estates Drive
$610,450 (our value guesstimate)
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Cornelius, NC 28031 ▪  (MLS # 3360897)
2-car garage  ▪   Built: 1993  ▪   Primary Up
4 bed  ▪  2 full & 1 half bath  ▪  2,534 Sq Ft
Sold for $327,000 on Jul 06, 2018
8851 Magnolia Estates Drive
$610,450 (our value guesstimate)
Cornelius, NC 28031 ▪  (MLS # 3360897)
2-car garage  ▪   Built: 1993  ▪   Primary Up
4 bed  ▪  2 full & 1 half bath  ▪  2,534 Sq Ft
Sold for $327,000 on Jul 06, 2018
SOLD JUL 6, 2018
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$327,000  (sales price)
4 bed  ▪  2 full & 1 half bath  ▪  2,534 Sq Ft
8851 Magnolia Estates Drive
Cornelius, NC 28031 (MLS # 3360897)
.67 acres  ▪   Built: 1993  ▪   Primary Bedroom Up
Subdivision: Magnolia Estates
Cornelius, NC / 28031

Our Value Guesstimate (from Computer Algorithm): $610,450

Our computer algorithm has estimated that this home would be likely to sell in a range between $518,883 and $702,018.
Sale Details
Sales Price: $327,000
Closed: Jul 6, 2018 (2,092 days ago)
List Price: $340,000
Sold for: 96% of list price
Cumulative Days on Market: 219
Price/Sq Ft: $129
Remarks - 8851 Magnolia Estates Drive
(from previous listing) Go on vacation in your own backyard! Enjoy the beautiful inground pool, deck and multiple fire pits. The home is located on a large .67 acre, beautiful corner lot with trees at the back and a huge storage shed along with tall crawlspace for additional storage. The sellers just replaced the roof in December 2017 and the carpet on the main level is also new. The home features both formals and a great room with custom built-ins and a wood burning fireplace with gas starter. The kitchen has granite ...
Continue reading

General Info - MLS # 3360897
Parking: Attached, Garage - 2 Car
Year Built: 1993
Master / Primary Bedroom: Upper floor
Listing Status: Sold
Property Type: Single Family Home
Location: Cornelius / Mecklenburg County
Lot Size: .67 acres
Area Schools
9/10
Cornelius Elementary School
Distance: 1.1 mi
10/10
Bailey Middle School
Distance: 2.5 mi
10/10
William Amos Hough High School
Distance: 3.0 mi

*School ratings sourced from CarolinaSchoolHub. To verify enrollment eligibility, please contact the school directly.
Neighborhood Info
Subdivision: Magnolia Estates
Community Features: Sidewalk, Street Lights
Listing History
07/06/2018: MLS Sold for $327,000 (Canopy MLS)
Cumulative Days on Market: 219
More details

County Tax Data
2023 County Tax Assessment: $487,800
Next Mecklenburg County Tax Assessment: 2027

1% List Fee for Sellers

We offer full-service listing services for 1% when you buy and sell.

Are You the Owner?

Inquire about getting a more precise estimate on your home's value from one of our experienced agents


  More Home Details
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See Sold Homes in Magnolia Estates
SOLD FEB 9, 2024
Sold for $218/Sq Ft & 100% of list
60 cumulative days on market
$560,000 (sales price)
4 bed  ▪  2 full & 1 h. bath  ▪  2,573 SqFt
19205 Spring Lily Ct
Cornelius, NC 28031
Magnolia Estates
0.1 mi.

SOLD OCT 5, 2023
Sold for $272/Sq Ft & 97% of list
45 cumulative days on market
$595,000 (sales price)
4 bed  ▪  2 full & 1 h. bath  ▪  2,187 SqFt
19205 English Daisy Dr
Cornelius, NC 28031
Magnolia Estates
0.2 mi.

SOLD MAR 10, 2023
Sold for $229/Sq Ft & 94% of list
13 cumulative days on market
$450,000 (sales price)
3 bed  ▪  2 full & 1 h. bath  ▪  1,964 SqFt
9309 Magnolia Estates Dr
Cornelius, NC 28031
Magnolia Estates
0.3 mi.

Neighborhood Summary (single family)
Magnolia Estates

Sales in:

Median $ / Sq Ft (single family)
Magnolia Estates




28031 ZIP Code Trends
28031 ZIP Code Trends

OUR RATING: MODERATELY COMPETITIVE

In Our ZIP Code Analysis (updated daily), we found that 28031 is the 33rd most competitive area for buyers out of 66 ZIP codes analyzed in the Charlotte metro area.

In the 28031 ZIP code, for the past 90 days the following trends have occurred for previously owned homes listed in the Canopy MLS:

15
Median Days
Until Pending
Homes (that actually sold) went under contract after a median of 15 cumulative days on market in the 28031 area. Compare this with the Charlotte metro area median of 17 days on market.

20%
Of Recently Sold Homes
Over Asking Price
20% of previously owned 28031-area homes sold over the asking price (versus 25% of all homes in the Charlotte metro area). See examples of sold homes selling over asking in 28031.

48%
of Available Homes
Are Under Contract
48% of previously owned 28031-area homes are under contract – compared with 49% of all homes in the Charlotte metro area.

Price Per Square Foot Change
Period 28031 Area Metro Area
1-year - 4% + 3%
2-year + 6% + 2%
5-year +66% +66%
The price per square foot of 28031-area re-sale homes has increased by approximately 66% over the past 5 years (versus a 66% increase for the entire Charlotte metro area). Homes have been selling at a median of $263 per square foot in 28031 over the past 90 days - as compared to $212 for the entire metro area.

15
Median Days
Until Pending

Homes (that actually sold) went under contract after a median of 15 cumulative days on market in the 28031 area. Compare this with the Charlotte metro area median of 17 days on market.

20%
Of Recently Sold Homes
Over Asking Price

20% of previously owned 28031-area homes sold over the asking price (versus 25% of all homes in the Charlotte metro area). See examples of sold homes selling over asking in 28031.

Price Per Square Foot Change
Period 28031
Area
Metro
Area
1-year - 4% + 3%
2-year + 6% + 2%
5-year +66% +66%

The price per square foot of 28031-area re-sale homes has increased by approximately 66% over the past 5 years (versus a 66% increase for the entire Charlotte metro area). Homes have been selling at a median of $263 per square foot in 28031 over the past 90 days - as compared to $212 for the entire metro area.

48%
of Available Homes
Are Under Contract

48% of previously owned 28031-area homes are under contract – compared with 49% of all homes in the Charlotte metro area.



Our Value Guesstimate: $610,450

Our computer algorithm has estimated that this home would be likely to sell in a range between $518,883 and $702,018.


Sale Details
Sales Price: $327,000
Closed: Jul 6, 2018 (2,092 days ago)
List Price: $340,000
Sold for: 96% of list price
Cumulative Days on Market: 219
Price/Sq Ft: $129
Remarks
(from previous listing) Go on vacation in your own backyard! Enjoy the beautiful inground pool, deck and multiple fire pits. The home is located on a large .67 acre, beautiful corner lot with trees at the back and a huge storage shed along with tall crawlspace for additional storage. The sellers just replaced the roof in D ...
Continue reading

General Info - MLS 3360897
Parking: Attached, Garage - 2 Car
Year Built: 1993
Master / Primary Bedroom: Upper floor
Listing Status: Sold
Property Type: Single Family Home
Location: Cornelius / Mecklenburg County
Lot Size: .67 acres

Neighborhood Info
Subdivision: Magnolia Estates
Community Features: Sidewalk, Street Lights
Listing History
07/06/2018: MLS Sold for $327,000 (Canopy MLS)
Cumulative Days on Market: 219
More details

Area Schools
9/10
Cornelius Elementary School
Distance: 1.1 mi
10/10
Bailey Middle School
Distance: 2.5 mi
10/10
William Amos Hough High School
Distance: 3.0 mi

*School ratings sourced from CarolinaSchoolHub. To verify enrollment eligibility, please contact the school directly.


  More Home Details
  Map / Satellite View

1% List Fee for Sellers

We offer full-service listing services for 1% when you buy and sell.

Are You the Owner?

Inquire about getting a more precise estimate on your home's value from one of our experienced agents


 



1% List Fee for Sellers

We offer full-service listing services for 1% when you buy and sell.

Are You the Owner?

Inquire about getting a more precise estimate on your home's value from one of our experienced agents




1% List Fee for Sellers

We offer full-service listing services for 1% when you buy and sell.

1% List Fee for Sellers

We offer full-service listing services for 1% when you buy and sell.
If you’re looking to sell a home in the Magnolia Estates neighborhood, we’d be happy to discuss this with you. We can also assist homebuyers and sellers in neighborhoods nearby, including The Courtyards At Jetton, Edinburgh Square, and Westmoreland.



CDS Data Share Based on information submitted to the MLS GRID as of 03/28/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. School assignments should be verified and are subject to change. Properties may or may not be listed by the office/agent presenting the information. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Properties reported may be listed or sold by various participants in the MLS. Copyright© 2024 Canopy Multiple Listing Services, Inc. All rights reserved.