Nearly new end-unit townhome offering exceptional value--priced below taxes value--in a convenient Raleigh location near Downtown and the Neuse River Greenway. This 3-bedroom, 3.5-bath home features a bright, open layout where the living, dining, and kitchen areas connect seamlessly to a private deck, creating an ideal space for everyday living and entertaining. The flexible third bedroom works perfectly as a home office, guest suite, or bonus space. As an end unit, the home benefits from added natural light, enhanced privacy, and a larger lot with a backyard that backs to trees--just steps from the neighborhood dog park. Enjoy low-maintenance living with most exterior upkeep handled by the HOA, plus the confidence of a remaining 10-year builder warranty. Buyers also have access to preferred lender programs offering incentives and interest rate discounts, with potential zero-down options available. A strong combination of location, condition, and financial advantage--ready for its next owner.
For sale
$339,900
4948 Southern Magnolia Dr, Raleigh, NC 27604
3beds
1,944sqft
Est.:
Townhouse, Residential
Built in 2021
2,613.6 Square Feet Lot
$335,900 Zestimate®
$175/sqft
$130/mo HOA
What's special
Added natural lightPrivate deckBright open layout
- 1 day |
- 166 |
- 10 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: March 26, 2026 at 04:59pm
Listed by:
David Velasquez 919-908-4659,
The Insight Group
Source: Doorify MLS,MLS#: 10155333
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
- Stories: 2
- 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: $3,026
- Date on market: 3/26/2026
- Road surface type: Asphalt
Estimated market value
$335,900
$319,000 - $353,000
$2,248/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/26/2026 | Listed for sale | $339,9000%$175/sqft |
Source:  Doorify MLS #10155333 Report a problem | ||
| 2/14/2026 | Listing removed | $340,000$175/sqft |
Source: Doorify MLS #10124445 Report a problem | ||
| 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 | ||
| 3/27/2020 | Sold | $7,300,000$3,755/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,027 +0.4% | $344,755 |
| 2024 | $3,014 +18.3% | $344,755 +48.7% |
| 2023 | $2,548 +7.6% | $231,903 |
| 2022 | $2,368 +216.1% | $231,903 +201.2% |
| 2021 | $749 | $77,000 +92.5% |
| 2020 | -- | $40,000 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,026/mo
Principal & interest
$1703
Property taxes
$193
HOA Fees
$130
More affordability tools
Climate risks
Neighborhood: Northeast Raleigh
Nearby schools
GreatSchools rating
- 7/10Beaverdam ElementaryGrades: PK-5Distance: 1.5 mi
- 2/10River Bend MiddleGrades: 6-8Distance: 3.6 mi
- 6/10Rolesville High SchoolGrades: 9-12Distance: 9 mi
Schools provided by the listing agent
- Elementary: Wake - Beaverdam
- Middle: Wake - River Bend
- High: Wake - Rolesville
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 27604
- North Carolina
- Wake County
- Raleigh
- 27604
- Northeast Raleigh
- 4948 Southern Magnolia Dr
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