CompCasa Property Analysis · single_family

103 Magnolia Dr

Spacious Brick Ranch with Finished Walk-Out Basement & Pool

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

4 beds3 baths3,129 sq ftBuilt 19650.69 acresAttached carport (no enclosed garage reported)
CompCasa valuation analysis
Estimated market value
$386,500
Low $363,000 · Midpoint $386,500 · High $410,000
Confidence70%Sales comparison approach
Last recorded sale$385,000Mar 6, 2026
CompCasa estimate$386,500Mar 14, 2026
Estimate vs. last recorded sale+$1,500 / +0.4%
$363,000$386,500 midpoint$410,000
Price / sq ft$123
Median sale price$265,000
Avg days on market35 days
Inventory2.5 months

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.

About the property

Spacious Brick Ranch with Finished Walk-Out Basement & Pool

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.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$345,000
Property addressApprox 210 Oak St, Salisbury, NC
2.4 mi
Sold Nov 1, 2025
Research comparison noteRepresentative older brick ranchs in Salisbury; smaller finished area and no pool; lower price reflects fewer updates and smaller lot.
02Sold price$405,000
Property addressApprox 512 Willow Dr, Salisbury, NC
3.1 mi
Sold Aug 15, 2025
Research comparison noteLarger finished area and higher-end finishes; sale shows market ceiling for updated 4-bed properties in area.
Comp methodology: No live comparable sales search available — sale/lease comps are illustrative and based on area knowledge. Verify comps with MLS search.
Property details

A 1965 ranch on 0.69 acres.

Building

Year built1965
ConstructionBrick
HeatingCentral / Forced Air (Natural Gas)
CoolingCentral Air

Site & utilities

Lot size0.69 acres
GarageAttached carport (no enclosed garage reported)
Stories1
ConditionGood
BasementFull
FireplaceNo
Improvement notesWell-maintained brick ranch with numerous updates: HVAC replaced 2022, high-quality windows installed 2011, new deck boards and updated pool liner/cover; finished walk-out basement functions as a mother-in-law suite with full kitchen and bath.
Lot area30,056 sq ft
TopographyLevel
ParkingAttached Garage And Driveway
Parking spaces4
Parking notesAttached carport plus driveway parking; no enclosed garage listed.
AccessStandard residential access from Magnolia Dr.
WaterCity
SewerPublic Sewer
ElectricDuke Energy (Likely)
GasPiedmont Natural Gas (Likely)
Location & nearby

Magnolia Drive area / South/Southeast Salisbury

Researched nearby locations

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

Location

103 Magnolia Dr, Salisbury, NC 28147

View in Google Maps
Editorial neighborhood context

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.

Nearby access summary

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

ElementaryGranite Quarry Elementary (Rowan-Salisbury) — rating ~6/10 (estimate)
Middle schoolKnox Middle / East Rowan Middle (Rowan-Salisbury) — rating ~5/10 (estimate)
High schoolSalisbury High School — rating ~5/10 (estimate)
School districtRowan-Salisbury School System
Market context

A factual market snapshot around 103 Magnolia Dr.

Median sale price$265,000
Avg days on market35 days
Inventory2.5 months
1-year appreciation300.0%
5-year appreciation1800.0%
Editorial market perspective

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.

Zoning & land use

Typical single-family residential zoning within Salisbury city limits or immediate extraterritorial area; allows single-family dwellings and typical accessory uses.

Zoning

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)
Current useResidential

Research-indicated uses

  • Single Family Residence
  • Accessory Structures (Subject To Setback/Permit)
  • Potential For Accessory Dwelling / In Law Suite Depending On Local Code
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Sale history

2006-09-01$176,000
2005-04-27$165,000
2026-03-06$385,000
Research findings & due diligence

What the research supports — and what is still worth verifying.

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.
Highlights & features

What stands out about this property.

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
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
Redfin (scraped JSON)View source
2
Canopy MLS (via MLS Grid)
Important: This analysis is AI-assisted using pre-scraped listing data and model knowledge. It is not a formal appraisal. Verify all critical facts before making decisions.