tomo logo

$2,475,000

Beds
5
Baths
6.0
sq ft
5,829

357 Magnolia Street, Davidson, NC 28036

357 Magnolia Street

Davidson, NC 28036

  • 57 days on market
    • Price drop $25,000↓
Southern Living at its best! Walkable to downtown Davidson and conveniently near Lake Davidson, Lake Norman, and I-77. Main level offers 10' ceilings with 8' doors throughout, Primary Bedroom features Spa like Bath, and oversized closet. Bedroom 2 with ensuite Bath. Large Office/Bedroom. The Gourmet Kitchen includes Thermador appliances and open design that’s perfect for entertaining. Upper level offers two Bedrooms, both with ensuite Bathrooms, Bonus features Beverage/Wine Fridge, Bar & full Bath. Studio/2nd Office located above the 3rd Garage. 3-car garage includes a large workshop, utility sink & 1/2 Bath. Incredible Sunroom is temp-controlled & features a see-through fireplace that leads to Great room. Screened Porch of Primary Bedroom joins the Terrace and overlooks the pool-ready fenced-in backyard. Gated parking courtyard. Home has Generac Generator. 220v outlets in each garage bay. Agent-owned property.

Details

Property type

Single Family Residence

Est. home value

$1,207,614

Lot size

Unknown

Price per sq ft

$425

Year built

2005

Price History

03/17/2025
CanopyMLS

CanopyMLS #4219539

Price change
$2,475,000
-1%
02/24/2025
CanopyMLS

CanopyMLS #4219539

Listed
$2,500,000
+212.5%
06/28/2024
CanopyMLS

CanopyMLS #4111592

Sold
$800,000
-11.01%

Schools & Community

Elementary school: 

Davidson K-8

Middle school: 

Davidson K-8

High school: 

William Amos Hough

Community features: 

Sidewalks, Street Lights

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Wells Fargo Bank Na

Loan start date

April 2022

Original loan amount

$557,000

Est. remaining balance

$526,522

Interest rate

3.85%

Loan type

New Conventional, 30 year

Seller

Raymond John Zeman and Belman Trust For Raymond John Zeman

Lender

Wachovia Bank Na

Loan start date

March 2006

Original loan amount

$365,600

Est. remaining balance

Not provided

Interest rate

7.25%

Loan type

Credit Line (Revolving), 40 year

Seller

Raymond J Zeman and Joyce Ann Zeman

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 04/02/2025 at 8:40 PM

Listing updated: 03/26/2025 at 10:30 PM

Listed by: Doug Bean, COMPASS Phone #: (704) 234-7880

MLS: CanopyMLS #4219539

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