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About this home
628 E Magnolia St is a 1946-built home in A W Gilchrist Resub, Arcadia. Listed at $284,930 (about $250/sqft), 94 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
Two homes, one price, endless possibilities! Nestled in the historic district of DeSoto County, this rare property includes not one but two charming, income-producing houses on a single lot. The main house offers 3 bedrooms and 1 bath, complete with a large, welcoming front porch perfect for enjoying the historic neighborhood, plus a detached carport. The second home is a cozy 2-bedroom, 1-bath with its own detached carport — ideal for a tenant, guests, or extended family. Both homes are currently used as income property, giving buyers true flexibility: live in one and rent the other, or keep both as rentals for maximum cash flow. This is a unique opportunity for investors or owner-occupants alike to own a piece of DeSoto County history with built-in income potential. Don't miss this one-of-a-kind offering! You'll notice road construction going on right in front of the main house — don't let that scare you off! It's wrapping up soon, and once it's done, you'll have brand-new paved roads. Don't miss this one-of-a-kind offering!
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The essentials
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
Price history
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Sample: 89 closed home sales in 34266 over the last 8 months, Stellar MLS. A starting point, not a guarantee.
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$284,930
$250 per sq ft
Size
1,140 sq ft
Time on market
94 days
Year built
1946
Monthly payment
About $1,973/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $4,140 annual tax bill, insurance.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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