The property at 2308 Magnolia Tree Lane, Durham, NC 27703, built in 2016, is a 2,290 square foot Single Family and has 3 bedrooms and 2 bathrooms. It is situated on a lot that is 6,970 square feet and was last tax assessed in 2025 for a valuation of $456,957
The estimate for this property has experienced a 2.03% increase in the past 6 months reaching a value of $489,647.
Property Tax History
Source: Public Records
| Year | Assessment |
|---|---|
| 2023 | $274,382 |
| 2022 | $274,382 |
| 2021 | $274,382 |
| 2020 | $274,382 |
| 2019 | $274,382 +53.58% |
| 2018 | $178,653 |
| 2017 | $178,653 |
Valuation History
Source: Public Records
| Month | Valuation | Single Family Homes Sold | Median Sales Price/Sqft |
|---|---|---|---|
| Nov 2025 | $489,647 | - | - |
| Oct 2025 | $483,918 | - | - |
| Sep 2025 | $499,240 | - | - |
| Aug 2025 | $489,295 | - | - |
| Jul 2025 | $485,275 | - | - |
| Jun 2025 | $496,829 | - | - |
| May 2025 | $480,177 | - | - |
| Apr 2025 | $479,917 | - | - |
| Mar 2025 | $481,200 | - | - |
| Feb 2025 | $490,340 | - | - |
| Jan 2025 | $475,563 | - | - |
| Dec 2024 | $475,745 | - | - |
| Nov 2024 | $476,390 | - | - |
| Oct 2024 | $475,453 | - | - |
| Sep 2024 | $472,102 | - | - |
| Aug 2024 | $478,094 | - | - |
| Jul 2024 | $472,590 | - | - |
| Jun 2024 | $480,358 | - | - |
| May 2024 | $478,279 | - | - |
| Apr 2024 | $463,575 | - | - |
| Mar 2024 | $460,931 | - | - |
| Feb 2024 | $469,614 | - | - |
| Jan 2024 | $472,236 | - | - |
| Dec 2023 | $474,030 | - | - |
| Nov 2023 | $501,768 | - | - |
| Oct 2023 | $480,194 | - | - |
| Sep 2023 | $480,562 | - | - |
| Aug 2023 | $460,000 | - | - |
| Jul 2023 | $460,000 | - | - |
| Jun 2023 | $460,000 | - | - |
| May 2023 | $460,000 | - | - |
| Apr 2023 | $460,000 | - | - |
| Mar 2023 | $460,350 | - | - |
| Feb 2023 | $441,500 | - | - |
| Jan 2023 | $464,200 | - | - |
| Dec 2022 | $469,600 | - | - |
| Nov 2022 | $465,900 | - | - |
*Market History, including Median Sales Price per square foot, and Single Family Homes Sold is based on historical data of Zip Code: 27703 - NC
Population & Environment
Source: Sperling's Best Places
| Zip | City | County | National | |
|---|---|---|---|---|
| Population | 65,003 | 273,707 | 323,069 | 335,858,263 |
| Population Density | 1,357 | 2,369 | 1,130 | 95 |
| People per Household | 2.6 | 2.3 | 2.3 | 2.6 |
| Median Age | 37.2 | 36.5 | 37.1 | 39.1 |
| Median Income | $68,687 | $62,500 | $65,198 | $66,222 |
| Average Income | $33,778 | $36,197 | $37,421 | $35,475 |
| Cost of Living Index | 102 | 90 | 92 | 100 |
| Zip | City | County | National | |
|---|---|---|---|---|
| January Avg. High Temp | 29.6°F | 27.8°F | 27.8°F | 22.6°F |
| July Avg. High Temp | 89.1°F | 88.6°F | 88.6°F | 86.2°F |
| Annual Precipitation | 43.05" | 48.04" | 48.04" | 38" |
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