Property listing for 103 Magnolia Dr, Salisbury, NC 28147
ActiveSingle Family Home

$385,000

103 Magnolia Dr, Salisbury, NC 28147

Spacious Brick Ranch with Finished Walk-Out Basement & Pool

4 Bed · 3 Bath · 3,129 Sq Ft

Large .69‑acre lot, mother-in-law suite, updated HVAC — no HOA.

4

Beds

3

Baths

3,129

Sq Ft

1965

Built

0.69 acres

Lot

Attached Carport (driveway parking)

Garage

About 103 Magnolia Dr

This solid brick ranch offers generous indoor and outdoor living across a nearly 0.7‑acre lot in Salisbury. The main level provides classic single-story flow while the fully finished walk‑out basement functions as a true mother‑in‑law suite — complete with a full kitchen, living/dining area, bedroom and full bath — giving the house flexible living or income options without sacrificing privacy. The property totals approximately 3,129 square feet including both levels.

The seller has kept the home in strong condition with targeted updates that matter: a new HVAC unit installed in 2022, high‑quality replacement windows in 2011, new deck boards and patio doors, and a recently refreshed pool liner and cover. Those items reduce near‑term maintenance and make the home move‑in ready for families who want a turnkey space. Interior features include a full kitchen on the main level, a second full kitchen in the basement suite, central air conditioning, and a main‑level mud room with laundry access.

Outside, enjoy summer days around the private in‑ground pool and evenings on the back deck overlooking the fenced yard — a rare combination at this price point. The lot’s size creates room for gardening, play, or potential accessory structures (subject to local code). Parking is provided by an attached carport and driveway. This is a no‑HOA property, giving buyers additional flexibility.

Located within the Rowan‑Salisbury school system and just minutes from Downtown Salisbury and local conveniences, 103 Magnolia Drive is ideal for multigenerational households, buyers seeking supplemental rental income, or anyone who values space and mature residential character. Schedule a showing to see how the finished basement and expansive lot multiply the home’s possibilities.

Home Highlights

Finished walk‑out basement with full kitchen and bathroomPrivate in‑ground pool with recent liner & coverLarge 0.69‑acre fenced lotHVAC replaced in 2022 and replacement windows installed in 2011No HOA

Property Features

Interior Features

  • 4 bedrooms, 3 full bathrooms
  • Finished walk‑out basement with full kitchen — ideal mother‑in‑law suite
  • Main level mud room with laundry
  • Central A/C and forced‑air natural gas heating
  • Appliances included: dishwasher, gas range, microwave

Exterior & Lot

  • Lot size: ~0.69 acres (30,056 SF)
  • Fenced backyard with private in‑ground pool (recent liner & cover)
  • New deck boards and patio doors
  • Attached carport and driveway parking
  • No HOA

Location & Neighborhood

  • Rowan‑Salisbury School District
  • Approx. 2–4 miles to Downtown Salisbury and local services
  • Quiet established residential area with mature trees
  • Convenient access to regional corridors toward Charlotte

Walkability & Recreation

  • Walkability Rating: 45/100
  • Nearby parks and green spaces within a few miles
  • Easy backyard access to pool and deck for recreation
  • Local trails and community amenities in Salisbury a short drive away

Neighborhood & Location

The Magnolia Drive area sits within established residential Salisbury neighborhoods characterized by mature trees, larger lots, and a mixture of mid‑century and newer homes. Downtown Salisbury, with its dining, shops and cultural destinations, is a short drive, while regional commute routes connect buyers to the greater Charlotte metro. This neighborhood appeals to families and buyers seeking more outdoor space and quieter streets while remaining proximate to city amenities.

Market Insights

Salisbury remains one of the more affordable entry points inside the Charlotte MSA, drawing buyers priced out of the core Charlotte neighborhoods. Inventory has tightened in recent years and well‑maintained single‑family homes with usable lots and updated systems move quicker than the broader average. Median sale prices in Rowan County are materially lower than Charlotte, creating consistent buyer demand for quality homes under $450k. Given recent improvements (new HVAC 2022, windows, pool updates), this property is positioned competitively: it attracts both owner‑occupants seeking space and investors seeking rental upside via the separate basement suite. Expect interest from buyers valuing private outdoor space within commuting distance of regional employment centers.

Nearby Schools

Granite Quarry Elementary

Elementary · Approx. 3.0 mi

6/10

East Rowan Middle

Middle · Approx. 4.0 mi

5/10

Salisbury High School

High · Approx. 2.5 mi

5/10

Walkability & Recreation

45
Walkability
70
Recreation

Large private yard and pool make on‑site recreation a primary feature; local parks and trails are a short drive for extended outdoor activities.

Investment Highlights

  • Finished walk-out basement functioning as a full mother-in-law suite (full kitchen & bath).
  • Large private lot ~0.69 acres with fenced yard and in-ground pool (recent liner & cover).
  • Recent critical mechanical upgrade: HVAC replaced in 2022; windows replaced 2011.
  • Low HOA exposure — no HOA; flexible ownership/occupancy options.
  • Price anchored by AVM near $384,700 and list price of $385,000 (strong alignment).

Key Findings

  • 4 beds / 3 baths, ~3,129 SF, ranch style with finished walk-out basement.
  • Lot size approximately 30,056 SF (0.69 acres) — larger than typical infill parcels.
  • List price $385,000; price per SF reported as $123.
  • Major systems updated (HVAC 2022, windows 2011); pool liner and cover recently refreshed.
  • Attached carport; no enclosed garage listed; off-street driveway parking available.

Things to Consider

  • No enclosed garage — may limit appeal for buyers needing covered secure parking.
  • Pool increases ongoing maintenance and liability; verify condition and expected replacement timelines.
  • Age of home (built 1965) implies potential for deferred maintenance in unseen systems — full inspection recommended.
  • School boundary assignments should be verified with Rowan-Salisbury district for accuracy.

Opportunity Analysis

Acquire a well-maintained brick ranch that blends immediate livability with ancillary income potential through the finished walk-out basement; upside resides in rent capture, minor cosmetic updates, or long-term appreciation as Charlotte-area buyers seek affordable nearby housing.

Potential Use Scenarios

  • Owner-occupant: market as multi-generational home emphasizing finished basement suite and outdoor amenities.
  • Investor: lease main level and basement separately (subject to local code) or lease whole home for premium rent given size & pool.
  • Minor cosmetic refresh (kitchen/bath updates) could push the property toward the high-end of the valuation range.

Risk Factors

  • Pool maintenance and potential liner/coping replacement costs.
  • Possible unforeseen maintenance given age (roof, plumbing, electrical) — inspection needed.
  • Resale sensitivity to parking/garage absence in certain buyer segments.

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$363K

Midpoint

$387K

High

$410K

$123/SF estimated price per square foot

70% confidence

Estimate anchored to the current list price of $385,000 and AVM ($384,734). Range +/- ~6-7% to reflect condition, lot size (0.69 ac), finished walk-out basement, pool and recent system upgrades. No live comparable sales pulled — based on regional market knowledge for Salisbury/Rowan County.

As of 2026-03-14

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$265,000
Avg Days on Market35 days
Inventory2.5 months
1-Year Appreciation+300.0%

Demographics

Population (1 mi)8,500
Median Income (1 mi)$54,000

Salisbury has seen steady but modest growth as part of the broader Charlotte MSA spillover. Housing remains more affordable relative to Charlotte proper; in-migration from the metro has steadily increased demand for value single-family homes.

Nearby Points of Interest

  • Downtown Salisbury (approx. 2-3 mi)
  • Rowan Regional Medical Center (approx. 3-4 mi)

Property sits on a large residential lot within Salisbury with quick access to downtown services, community parks, and regional connectors toward I-85/US-52 and the greater Charlotte metro area.

School District

DistrictRowan-Salisbury School System
ElementaryGranite Quarry Elementary (Rowan-Salisbury) — rating ~6/10 (estimate)
MiddleKnox Middle / East Rowan Middle (Rowan-Salisbury) — rating ~5/10 (estimate)
HighSalisbury High School — rating ~5/10 (estimate)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built1965
Constructionbrick
Stories1
HeatingCentral / Forced Air (Natural Gas)
CoolingCentral Air
Basementfull
FireplaceNo
Conditiongood

Lot & Site

Lot Size0.69 acres (30,056 SF)
Topographylevel
Parkingattached_garage_and_driveway
Parking Spaces4

Utilities

WaterCity
SewerPublic Sewer
ElectricDuke Energy (likely)
GasPiedmont Natural Gas (likely)

Zoning & Land Use

DescriptionTypical single-family residential zoning within Salisbury city limits or immediate extraterritorial area; allows single-family dwellings and typical accessory uses.
JurisdictionCity of Salisbury / Rowan County (likely)

Allowed Uses

Single family residenceAccessory structures (subject to setback/permit)Potential for accessory dwelling / in law suite depending on local code
Current Useresidential

Tax & Sale History

Tax Assessment

Sale History

2006-09-01$176,000
2005-04-27$165,000
2026-03-06$385,000

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