$385,000
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
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.
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.
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.
Granite Quarry Elementary
Elementary · Approx. 3.0 mi
East Rowan Middle
Middle · Approx. 4.0 mi
Salisbury High School
High · Approx. 2.5 mi
Large private yard and pool make on‑site recreation a primary feature; local parks and trails are a short drive for extended outdoor activities.
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.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$363K
Midpoint
$387K
High
$410K
$123/SF estimated price per square foot
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.
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.
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.
Market data is based on aggregated public records and may not reflect real-time conditions.
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