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.
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.
See the properties helping shape the valuation.
Comparable sales
A 1965 ranch on 0.69 acres.
Building
Site & utilities
Magnolia Drive area / South/Southeast Salisbury
Researched nearby locations
Location
103 Magnolia Dr, Salisbury, NC 28147
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.
Large private yard and pool make on‑site recreation a primary feature; local parks and trails are a short drive for extended outdoor activities.
A factual market snapshot around 103 Magnolia Dr.
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.
Typical single-family residential zoning within Salisbury city limits or immediate extraterritorial area; allows single-family dwellings and typical accessory uses.
Zoning
Research-indicated uses
- Single Family Residence
- Accessory Structures (Subject To Setback/Permit)
- Potential For Accessory Dwelling / In Law Suite Depending On Local Code
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Sale history
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.
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
Sources & research confidence.
See where the property research came from and how confidence varies by field.