The Current Market of Magnolia Estates in Cornelius
By Sara D'Amico
(Southern Homes of the Carolinas)
Magnolia Estates is a quaint neighborhood in Cornelius with loads of character. From I-77, it is located off of Exit 28, which is Catawba. Something that may appeal to many buyers is the fact that their home owners association is voluntary. There are NO SET DUES. This beautifully wooded subdivision consists of approximately 126 homes that were built between the late 80's and 2005.There are currently 6 homes on the market in Magnolia Estates. These homes average 2,197 square feet and have an average list price of $282,516, which is quite affordable for Cornelius. Within the past 6 months, 4 homes have sold in Magnolia Estates with averages of 2,432 square feet and ONLY 62 days on the market. If you weren't sure, that is really good! Homes are selling for about 98% of their list p...
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