NOT LISTED FOR SALE

2506 Rivers Edge Rd Summerfield, NC 27358

Estimated Value: $564,882 - $731,000

4 Beds
3 Baths
2,500 Sq Ft
$266/Sq Ft Est. Value

Last Sold May 28, 2020

Last sale price $415,000 $166 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $3,906/month

37 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • Tankless Water Heater
  • Northern Elementary School Rated A-
  • 2 Car Attached Garage
  • Kitchen Island

About This Home

As of May 2020

EXCELLENT OPPORTUNITY FOR BRAND NEW construction in the low 400's by Otey! Modern Farmhouse feel, single story living. Private master suite. Open kitchen w/ HUGE center island. Large patio overlooks spacious level, pool ready, greenway backyard with tons of privacy! Tall walk in crawlspace. Approx. 3 mi North of Southern States @ NC Hwy 150/ Lake Brandt Rd in Summerfield. ALL NORTHERN SCHOOLS. Approximately 10 miles from Moses Cone. Agent related to Owner. Please contact listing agent for virtual tour!

Last Agent to Sell the Property

Jack Bickham

Otey Homes and Land License #298906 Listed on: 03/10/2020

Co-Listed By

Karen Otey

Otey Homes and Land License #235964

Last Buyer's Agent

Pamela Staples

Howard Hanna Allen Tate - Greensboro License #260925

Howard Hanna Allen Tate - Greensboro

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,048

Year Built

  • Built in 2020

Lot Details

  • 0.97 Acre Lot
  • Property is zoned RS-30

HOA Fees

  • $55 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 2,355 Sq Ft Home
  • 2,100-2,500 Sq Ft Home
  • Property has 1 Level
  • Living Room with Fireplace

Kitchen

  • Free-Standing Range
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Porch

Schools

  • Northern Middle School
  • Northern High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Private Water Source
  • Tankless Water Heater
  • Gas Water Heater

Community Details

  • Rivers Edge Subdivision

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 0227155
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,048

Year Built

Built in 2020

Lot Details

0

HOA Fees

$55 per month

Parking

2

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.97
  • Lot Size: Refer To Plat
  • Co List Office Mls Id: GTRM01
  • Co List Office Phone: 336-274-1717
  • Subdivision Name: Rivers Edge
  • Directions: Lake Brandt Rd to Witty Rd (right), cross over Scalesville Rd. Rivers Edge is on the left just past Bonnie Ln. OR from 220N Right on Scalesville Rd, Left on Witty Rd, Left on Rivers Edge Road. ***Not in GPS, use Bonnie Lane (Rivers Edge is next left)
  • Above Grade Finished Sq Ft: 2355
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 2020
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 2100 - 2500
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Microwave, Dishwasher, Exhaust Fan, Slide-In Oven/Range, Gas Water Heater, Tankless Water Heater
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Kitchen Island
  • Has Basement: Crawl Space
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Gas Log, Living Room
  • Fireplaces: 1
  • Living Area: 2355
  • Main Level Bathrooms: 3
  • TRIADMLS_FullBathsMain: 3
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No

Exterior Features

  • Pool Features: None
  • Construction Type: Brick, Vinyl Siding
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Driveway, Garage, Garage Door Opener, Attached
  • Garage Description: Attached Garage

Utilities

  • Sewer: Private Sewer
  • Laundry Features: Main Level
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Water Source: Private
  • TRIADMLS_HeatingFuel: Natural Gas
  • Water Heater: Gas, Tankless

Condo/Co-op/Association

  • Association Fee: 55
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Elementary School: Northern
  • High School: Northern
  • Middle Or Junior School: Northern

Lot Info

  • Parcel #: 0227155
  • Zoning: RS-30
  • TRIADMLS_PricePerAcre: 443195.8763
  • TRIADMLS_DeedPage: 00059
  • TRIADMLS_DeedBook: 008019
  • TRIADMLS_AcresRange: 1 - 1

Tax Info

  • Tax Annual Amount: 3047.99
  • Tax Lot: 4
  • Tax Year: 2019
  • TRIADMLS_TaxRate: 0.8615

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2020
Closed on
May 26, 2020
Sold by
Otey Construction Inc
Bought by
Chandler Wesley B and Chandler Jessica
Seller's Agent
Jack Bickham
Otey Homes and Land
Buyer's Agent
Pamela Staples
Howard Hanna Allen Tate - Greensboro
Sold Price
$415,000
Current Estimated Value
$666,221

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$251,221
Avg. Annual Appreciation
9.20%
Original Mortgage
$332,000
Outstanding Balance
$294,841
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$371,380
Source: Public Records

Range of Values:

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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
Chandler Wesley B $415,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chandler Wesley B $332,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2020 05/28/20 Sold $415,000 -- $198 / Sq Ft
Source: Triad MLS

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
2025 $3,822 $443,600 $80,000 $363,600
2024 $3,822 $443,600 $80,000 $363,600
2023 $3,822 $443,600 $80,000 $363,600
2022 $3,822 $443,600 $80,000 $363,600
2021 $3,337 $387,300 $85,000 $302,300
2020 $3,337 $387,300 $85,000 $302,300
2019 $3,048 $85,000 $0 $0
2018 $0 $85,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Jack Bickham

    Otey Homes and Land

    (336) 430-9981

    18 Total Sales

    Jack Bickham
    Section Image

  • K

    Seller Co-Listing Agent in 2020

    Karen Otey

    Otey Homes and Land

    (336) 430-6552

    43 Total Sales

    Karen Otey
    Section Image

  • P

    Buyer's Agent in 2020

    Pamela Staples

    Howard Hanna Allen Tate - Greensboro

    (336) 210-9776

    12 Total Sales

    Pamela Staples
    Section Image
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Map

Source: Triad MLS

MLS Number: 969172

Triad MLS

APN: 0227155

North Carolina Guilford County Summerfield 27358

2506 Rivers Edge Rd, Summerfield, NC

This home is located at 2506 Rivers Edge Rd, Summerfield, NC 27358 since 10 March 2020 and is currently estimated at $666,221, approximately $266 per square foot. This property was built in 2020. 2506 Rivers Edge Rd is a home located in Guilford County with nearby schools including Northern Elementary School, Northern Guilford Middle School, and Northern Guilford High School.

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