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101 Magnolia Farms Lane
101 Magnolia Farms Lane
$1,327,822 (our value guesstimate)
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Mooresville, NC 28117 ▪  (MLS # 3565523)
3-car garage  ▪   Built: 2020  ▪   Primary on Main
4 bed  ▪  4 full bath  ▪  4,219 Sq Ft
Sold for $880,000 on Aug 26, 2020
101 Magnolia Farms Lane
$1,327,822 (our value guesstimate)
Mooresville, NC 28117 ▪  (MLS # 3565523)
3-car garage  ▪   Built: 2020  ▪   Primary on Main
4 bed  ▪  4 full bath  ▪  4,219 Sq Ft
Sold for $880,000 on Aug 26, 2020
SOLD AUG 26, 2020
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SOLD AUG 26, 2020
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SOLD AUG 26, 2020
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SOLD AUG 26, 2020
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SOLD AUG 26, 2020
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SOLD AUG 26, 2020
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SOLD AUG 26, 2020
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SOLD AUG 26, 2020
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SOLD AUG 26, 2020
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SOLD AUG 26, 2020
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SOLD AUG 26, 2020
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SOLD AUG 26, 2020
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SOLD AUG 26, 2020
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SOLD AUG 26, 2020
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SOLD AUG 26, 2020
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SOLD AUG 26, 2020
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SOLD AUG 26, 2020
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SOLD AUG 26, 2020
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SOLD AUG 26, 2020
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SOLD AUG 26, 2020
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SOLD AUG 26, 2020
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$880,000  (sales price)
4 bed  ▪  4 full bath  ▪  4,219 Sq Ft
101 Magnolia Farms Lane
Mooresville, NC 28117 (MLS # 3565523)
2.54 acres  ▪   Built: 2020  ▪   Primary Bedroom on Main
Subdivision: The Farms
 Was New Construction  
Mooresville, NC / 28117

Our Value Guesstimate (from Computer Algorithm): $1,327,822

Our computer algorithm has estimated that this home would be likely to sell in a range between $1,128,649 and $1,526,995.
Sale Details
 Was New Construction 
Sales Price: $880,000
Closed: Aug 26, 2020 (1,310 days ago)
List Price: $900,000
Sold for: 98% of list price
Cumulative Days on Market: 254
Price/Sq Ft: $209
Remarks - 101 Magnolia Farms Lane
(from previous listing) 2.5 ACRES, WOODED, TREES, CUL-DE-SAC LOT. UNDER CONSTRUCTION!! 2020 built w/many upgrades & appealing front exterior w/stone accent. 2 story foyer. Dream kitchen w/white cabinets, w/oversized middle island & drawers, soft-touch cabinets, quartz countertops throughout. Double oven, SS appliances, microwave, 5 burners gas cook-top, & tiled backsplash. This OPEN FLOOR has the master on main & a STUDY w/full bath- can be used as an extra bed. Large dining, Bonus & recreational room, 3 other larger s ...
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General Info - MLS # 3565523
Parking: Garage - 3 Car
Year Built: 2020 (was new construction)
Master / Primary Bedroom: Main floor
Listing Status: Sold
Property Type: Single Family Home
Location: Mooresville / Iredell County
Lot Size: 2.54 acres
Area Schools
10/10
Woodland Heights Elementary School
Distance: 0.6 mi
9/10
Woodland Heights Middle School
Distance: 3.1 mi
9/10
Lake Norman High School
Distance: 2.7 mi

*School ratings sourced from CarolinaSchoolHub. To verify enrollment eligibility, please contact the school directly.
Neighborhood Info
Subdivision: The Farms
Community Features: Club House, Fitness Center, Outdoor Pool, Playground, Recreation Area, Sidewalks, Street Lights, Tennis Court(s), Walking Trails, Other
Listing History
08/26/2020: MLS Sold for $880,000 (Canopy MLS)
Cumulative Days on Market: 254
More details

1% List Fee for Sellers

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

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  More Home Details
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See Sold Homes in The Farms
SOLD FEB 29, 2024
Sold for $166/Sq Ft & 97% of list
7 cumulative days on market
$605,000 (sales price)
6 bed  ▪  5 full & 1 h. bath  ▪  3,639 SqFt
116 Yellowbell Rd
Mooresville, NC 28117
The Farms
0.8 mi.

SOLD FEB 19, 2024
Sold for $217/Sq Ft & 95% of list
172 cumulative days on market
$1,065,000 (sales price)
5 bed  ▪  4 full & 1 h. bath  ▪  4,899 SqFt
141 Cherry Tree Dr
Mooresville, NC 28117
The Farms
0.4 mi.

SOLD SEP 6, 2023
Sold for $277/Sq Ft & 98% of list
13 cumulative days on market
$1,430,000 (sales price)
5 bed  ▪  5 full & 1 h. bath  ▪  5,155 SqFt
158 Ragsdale Trl
Mooresville, NC 28117
The Farms
0.4 mi.

Neighborhood Summary (single family)
The Farms

Sales in:

Median $ / Sq Ft (single family)
The Farms




28117 ZIP Code Trends
28117 ZIP Code Trends

OUR RATING: LESS COMPETITIVE

In Our ZIP Code Analysis (updated daily), we found that 28117 is the 59th most competitive area for buyers out of 66 ZIP codes analyzed in the Charlotte metro area.

In the 28117 ZIP code, for the past 90 days the following trends have occurred for previously owned homes listed in the Canopy MLS:

24
Median Days
Until Pending
Homes (that actually sold) went under contract after a median of 24 cumulative days on market in the 28117 area. Compare this with the Charlotte metro area median of 17 days on market.

16%
Of Recently Sold Homes
Over Asking Price
16% of previously owned 28117-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 28117.

41%
of Available Homes
Are Under Contract
41% of previously owned 28117-area homes are under contract – compared with 49% of all homes in the Charlotte metro area.

Price Per Square Foot Change
Period 28117 Area Metro Area
1-year - 6% + 3%
2-year + 3% + 2%
5-year +69% +66%
The price per square foot of 28117-area re-sale homes has increased by approximately 69% over the past 5 years (versus a 66% increase for the entire Charlotte metro area). Homes have been selling at a median of $233 per square foot in 28117 over the past 90 days - as compared to $212 for the entire metro area.

23
Median Days
Until Pending

Homes (that actually sold) went under contract after a median of 23 cumulative days on market in the 28117 area. Compare this with the Charlotte metro area median of 17 days on market.

16%
Of Recently Sold Homes
Over Asking Price

16% of previously owned 28117-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 28117.

Price Per Square Foot Change
Period 28117
Area
Metro
Area
1-year - 6% + 3%
2-year + 3% + 2%
5-year +69% +66%

The price per square foot of 28117-area re-sale homes has increased by approximately 69% over the past 5 years (versus a 66% increase for the entire Charlotte metro area). Homes have been selling at a median of $233 per square foot in 28117 over the past 90 days - as compared to $212 for the entire metro area.

41%
of Available Homes
Are Under Contract

41% of previously owned 28117-area homes are under contract – compared with 49% of all homes in the Charlotte metro area.



Our Value Guesstimate: $1,327,822

Our computer algorithm has estimated that this home would be likely to sell in a range between $1,128,649 and $1,526,995.


Sale Details
Sales Price: $880,000
Closed: Aug 26, 2020 (1,310 days ago)
List Price: $900,000
Sold for: 98% of list price
Cumulative Days on Market: 254
Price/Sq Ft: $209
Remarks
(from previous listing) 2.5 ACRES, WOODED, TREES, CUL-DE-SAC LOT. UNDER CONSTRUCTION!! 2020 built w/many upgrades & appealing front exterior w/stone accent. 2 story foyer. Dream kitchen w/white cabinets, w/oversized middle island & drawers, soft-touch cabinets, quartz countertops throughout. Double oven, SS appliances, mic ...
Continue reading

General Info - MLS 3565523
Parking: Garage - 3 Car
Year Built: 2020 (was new construction)
Master / Primary Bedroom: Main floor
Listing Status: Sold
Property Type: Single Family Home
Location: Mooresville / Iredell County
Lot Size: 2.54 acres

Neighborhood Info
Subdivision: The Farms
Community Features: Club House, Fitness Center, Outdoor Pool, Playground, Recreation Area, Sidewalks, Street Lights, Tennis Court(s), Walking Trails, Other
Listing History
08/26/2020: MLS Sold for $880,000 (Canopy MLS)
Cumulative Days on Market: 254
More details

Area Schools
10/10
Woodland Heights Elementary School
Distance: 0.6 mi
9/10
Woodland Heights Middle School
Distance: 3.1 mi
9/10
Lake Norman High School
Distance: 2.7 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 The Farms neighborhood, we’d be happy to discuss this with you. We can also assist homebuyers and sellers in neighborhoods nearby, including Poplar Grove, Springfield, and Beechtree Forest.



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.