For sale

Price cut: $10K (12/3)

$340,000

4948 Southern Magnolia Dr, Raleigh, NC 27604

3beds

1,944sqft

Est.:

Townhouse, Residential

Built in 2021

2,613.6 Square Feet Lot

$338,100 Zestimate^®

$175/sqft

$130/mo HOA

What's special

End-unit townhomePrivate deckFantastic backyard overlooking treesFlexible third bedroom

Discover this nearly new 3-bedroom, 3.5-bath end-unit townhome close to Downtown Raleigh and the Neuse River trails. With open living, dining, and kitchen spaces flowing to a private deck, plus a flexible third bedroom perfect for a home office, this home blends comfort and versatility. Enjoy extra light, privacy, and a larger lot with a fantastic backyard overlooking trees, steps from the dog park. Low-maintenance living is mostly covered by the HOA, along with a 10-year builder warranty. Even better, this property qualifies for special interest rates, incentives, and zero-down programs with preferred lenders.

136 days

313

12

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 4
Full bathrooms: 3
1/2 bathrooms: 1

Heating

Central, Natural Gas

Cooling

Central Air, Electric

Appliances

Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Gas Range, Microwave, Oven, Range, Refrigerator, Stainless Steel Appliance(s), Washer, Water Heater
Laundry: Electric Dryer Hookup, Laundry Closet, Washer Hookup

Features

Granite Counters, Kitchen Island, Open Floorplan, Recessed Lighting, Smooth Ceilings, Walk-In Closet(s), Walk-In Shower
Flooring: Carpet, Vinyl, Tile
Common walls with other units/homes: 1 Common Wall, End Unit

Interior area

Total structure area: 1,944
Total interior livable area: 1,944 sqft
Finished area above ground: 1,944
Finished area below ground: 0

Property

Parking

Total spaces: 2
Parking features: Garage
Attached garage spaces: 1
Uncovered spaces: 1
Details: 1

Features

Levels: Three Or More, Tri-Level
Patio & porch: Deck
Exterior features: Balcony, Rain Gutters
Has view: Yes
View description: Trees/Woods

Lot

Size: 2,613.6 Square Feet
Features: Cleared, Landscaped

Details

Parcel number: 1735.17203856 0474750
Special conditions: Standard

Construction

Type & style

Home type: Townhouse
Architectural style: Traditional
Property subtype: Townhouse, Residential
Attached to another structure: Yes

Materials

Concrete, Vinyl Siding
Foundation: Concrete, Slab
Roof: Shingle

Condition

New construction: No
Year built: 2021
Major remodel year: 2021

Details

Builder name: Lennar

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Water Connected

Community & HOA

Community

Features: Sidewalks, Street Lights
Subdivision: Magnolia Trace

HOA

Has HOA: Yes
Amenities included: Dog Park, Landscaping, Maintenance, Maintenance Grounds, Parking
Services included: Maintenance Grounds, Maintenance Structure, Pest Control
HOA fee: $130 monthly

Location

Region: Raleigh

Financial & listing details

Price per square foot: $175/sqft
Tax assessed value: $344,755
Annual tax amount: $3,027
Date on market: 9/27/2025
Road surface type: Asphalt

Estimated market value

$338,100

$321,000 - $355,000

$2,087/mo

Price history

Date	Event	Price
12/3/2025	Price change	$340,000-2.9%$175/sqft
Source: Doorify MLS #10124445 Report a problem
10/28/2025	Price change	$350,000-2.5%$180/sqft
Source: Doorify MLS #10124445 Report a problem
10/13/2025	Price change	$359,000-0.3%$185/sqft
Source: Doorify MLS #10124445 Report a problem
9/27/2025	Listed for sale	$360,000+33.3%$185/sqft
Source: Doorify MLS #10124445 Report a problem
5/13/2021	Sold	$270,000-96.3%$139/sqft
Source: Public Record Report a problem