NOT LISTED FOR SALE

2404 Summit Dr Hillsborough, NC 27278

Estimated Value: $497,000 - $569,000

4 Beds
3 Baths
2,270 Sq Ft
$232/Sq Ft Est. Value

About This Home

This home is located at 2404 Summit Dr, Hillsborough, NC 27278 and is currently estimated at $525,813, approximately $231 per square foot. 2404 Summit Dr is a home located in Orange County with nearby schools including New Hope Elementary School, A.L. Stanback Middle School, and Cedar Ridge High.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 30, 2018
Sold by
Guynn David and Guynn Natalie
Bought by
Thornton Joseph T and Thornton Heidi
Current Estimated Value
$527,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
4.8%
Mortgage Type
VA

Purchase Details

Closed on
May 1, 2014
Sold by
Gerstner Sandra L and Gerstner Patrick L
Bought by
Guynn David and Guynn Natalie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 31, 2003
Sold by
D R Horton Inc Torrey
Bought by
Gerstner Patrick L and Gerstner Sandra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 28, 2002
Sold by
Summit Properties Llc
Bought by
D R Horton Inc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Thornton Joseph T $285,000 None Available
Guynn David $247,000 None Available
Gerstner Patrick L $206,500 --
D R Horton Inc $1,467,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thornton Joseph T $244,034
Closed Thornton Joseph T $245,000
Previous Owner Guynn David $242,000
Previous Owner Gerstner $138,000
Previous Owner Gerstner Patrick L $143,000
Previous Owner Gerstner $132,000
Previous Owner Gerstner Patrick L $138,000
Previous Owner Gerstner Patrick L $150,000
Source: Public Records

Tax History Compared to Growth

Source: Public Records

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
2024 $4,422 $285,300 $60,000 $225,300
2023 $4,275 $285,300 $60,000 $225,300
2022 $4,263 $285,300 $60,000 $225,300
2021 $4,227 $285,300 $60,000 $225,300
2020 $4,164 $265,300 $55,000 $210,300
2018 $4,108 $265,300 $55,000 $210,300
2017 $4,250 $265,300 $55,000 $210,300
2016 $4,250 $261,094 $55,751 $205,343
2015 $4,175 $261,094 $55,751 $205,343
2014 $4,135 $261,094 $55,751 $205,343
Source: Public Records

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