1508 S Lake Summit Rd Saluda, NC 28773
Estimated Value: $676,000 - $1,419,467
3
Beds
2
Baths
1,705
Sq Ft
$545/Sq Ft
Est. Value
Highlights
- Waterfront
- Cathedral Ceiling
- Breakfast Bar
- Open Floorplan
- Cottage
- Kitchen Island
About This Home
As of October 2013Charming bungalow and boathouse in need of TLC with great location on Lake Summit! Priced for quick sale! Main section of lake, open floor plan,large master on main with walk in closet, kitchen with island, large sunroom, exterior elevator, fireplace, heat pump, & deck. **Basement is accessed by outside stairwell only and no septic docs on file w/ county** Great waterfront with large recreational area, 2 slip boathouse and wonderful swim area.
Last Agent to Sell the Property
Lake Summit Properties LLC License #102122 Listed on: 01/10/2012
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,450
Year Built
- Built in 1952
Lot Details
- Waterfront
Home Design
- Cottage
Interior Spaces
- 2 Full Bathrooms
- Open Floorplan
- Cathedral Ceiling
- Wood Burning Fireplace
- Attic Fan
Kitchen
- Breakfast Bar
- Kitchen Island
Flooring
- Parquet
- Vinyl
Listing and Financial Details
- Assessor Parcel Number 0600255
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 10, 2012
Closed on
Oct 4, 2013
Sold by
Thomasville National Bank
Bought by
Sherman Joel S and Sherman Joanna L
Seller's Agent
Jim Kirkpatrick
Lake Summit Properties LLC
Buyer's Agent
Jim Kirkpatrick
Lake Summit Properties LLC
List Price
$779,000
Sold Price
$350,000
Premium/Discount to List
-$429,000
-55.07%
Total Days on Market
618
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$578,867
Avg. Annual Appreciation
8.72%
Original Mortgage
$412,500
Outstanding Balance
$320,355
Interest Rate
4.58%
Mortgage Type
New Conventional
Estimated Equity
$608,512
Purchase Details
Closed on
Sep 26, 2005
Sold by
Not Provided
Bought by
Wrightson Rhita Bissell
Similar Homes in Saluda, NC
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sherman Joel S | $350,000 | -- | |
| Wrightson Rhita Bissell | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sherman Joel S | $412,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/04/2013 10/04/13 | Sold | $350,000 | -55.1% | $205 / Sq Ft |
| 09/19/2013 09/19/13 | Pending | -- | -- | -- |
| 01/10/2012 01/10/12 | For Sale | $779,000 | -- | $457 / Sq Ft |
Source: Canopy MLS (Canopy Realtor® Association)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,450 | $838,100 | $192,300 | $645,800 |
| 2024 | $4,450 | $838,100 | $192,300 | $645,800 |
| 2023 | $4,450 | $838,100 | $192,300 | $645,800 |
| 2022 | $4,237 | $641,000 | $192,300 | $448,700 |
| 2021 | $4,173 | $641,000 | $192,300 | $448,700 |
| 2020 | $4,173 | $641,000 | $0 | $0 |
| 2019 | $4,173 | $641,000 | $0 | $0 |
| 2018 | $3,753 | $581,800 | $0 | $0 |
| 2017 | $3,753 | $581,800 | $0 | $0 |
| 2016 | $3,753 | $581,800 | $0 | $0 |
| 2015 | -- | $340,500 | $0 | $0 |
| 2014 | -- | $257,500 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jim Kirkpatrick
J
Seller's Agent in 2013
Jim Kirkpatrick
Lake Summit Properties LLC
(828) 674-5733
5 in this area
11 Total Sales
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: CARNCM511234
APN: 0600255
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