NOT LISTED FOR SALE

2507 Rivers Edge Rd Summerfield, NC 27358

Estimated Value: $894,036 - $1,045,000

4 Beds
4.5 Baths
3,700 Sq Ft
$254/Sq Ft Est. Value

Last Sold August 08, 2023

Last sale price $865,000 $234 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $5,772/month

240 Days on Market

Highlights

  • Vaulted Ceiling
  • Wood Flooring
  • 3 Car Attached Garage
  • Northern Elementary School Rated A-
  • Porch
  • Tankless Water Heater

About This Home

As of August 2023

This "Perfect" 4 bedroom 4.5 bath Summerfield home was completed in 2022 by Otey Construction. Main floor boasts a stunning cooks kitchen w/ 10' island, granite countertops, commercial 48" JennAir range, double ovens & custom hood. Great room features vaulted ceilings, huge custom windows & linear gas fireplace. Every floor is finished w/ real hardwoods or tile. Primary bedroom has a gorgeous vaulted wood ceiling. The spacious primary bathroom has a walk-in shower, freestanding soaking tub & double vanity. An oversized double sided closet connects w/ the laundry room. 3 more bedrooms & 3 baths on the main level. A large bonus room, bath & generous walk-in conditioned storage are located up the back stairs. 3 car garage is accessed by a single step entry. Large covered porches front & back invite you outdoors to just sit & relax or entertain guests. New landscaping features a sodded/irrigated yard. All Northern Schools. The attention to detail in this home must be seen to be believed!

Last Agent to Sell the Property

Tom Hyde

Carolina Home Partners by eXp Realty License #312172 Listed on: 11/04/2022

Carolina Home Partners by eXp Realty

Co-Listed By

Chad Waclawczyk

Carolina Home Partners by eXp Realty License #285511

Last Buyer's Agent

Kevin Crossan

Allen Tate - Burlington License #290185

Allen Tate - Burlington

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $689

Year Built

  • Built in 2022

Lot Details

  • 0.84 Acre Lot
  • Garden
  • Property is zoned RS

HOA Fees

  • $55 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Brick Exterior Construction
  • Concrete Siding

Interior Spaces

  • 3,513 Sq Ft Home
  • 3,100-3,700 Sq Ft Home
  • Property has 1 Level
  • Vaulted Ceiling
  • Great Room with Fireplace
  • Crawl Space
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Porch

Schools

  • Northern Middle School
  • Northern High School

Utilities

  • Forced Air Heating and Cooling System
  • Dual Heating Fuel
  • Heating System Uses Natural Gas
  • Well
  • Tankless Water Heater
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 227174
  • 1% Total Tax Rate

Community Details

Overview

  • Rivers Edge Subdivision

Amenities

  • Private Safe Deposit Boxes

Home Details

Home Type

Single Family

Est. Annual Taxes

$689

Year Built

Built in 2022

Lot Details

0

HOA Fees

$55 per month

Parking

3

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.84
  • Co List Office Mls Id: GCARHOPEXP01
  • Co List Office Phone: 336-218-3986
  • Subdivision Name: Rivers Edge
  • Directions: Lake Brandt North from 150, Right on Witty Rd, Cross over Scalesville, pass Bonnie Lane, take a left onto Rivers Edge Rd, home is on the left.
  • Above Grade Finished Sq Ft: 3513
  • Unit Levels: 1 Story w/upper bonus room
  • Structure Type: House
  • Year Built: 2022
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 3100 - 3700
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: 4098

Interior Features

  • Appliances: Double Oven,Dual-Fuel Range,Gas Cooktop,Slide-In Oven/Range,Vent Hood, Water Heater: Gas,Tankless
  • Flooring: Tile, Wood
  • Interior Amenities: CO Detector, Dryer Connection, Garage Door Opener(s), Kitchen Island, Laundry Room - Main Level, Pantry, Smoke Alarm, Vaulted Ceilings, Washer Connection
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Great Room
  • Fireplaces: 1
  • Living Area: 3513
  • Main Level Bathrooms: 5
  • TRIADMLS_FullBathsMain: 4
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No
  • TRIADMLS_HalfBathsMain: 1

Exterior Features

  • Exterior Features: Garden Space, Porch
  • Pool Features: None
  • Construction Type: Brick, Cementeous Siding
  • Foundation Details: Crawl Space
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Driveway, Garage, Paved, Attached
  • Garage Description: Attached Garage

Utilities

  • Sewer: Private
  • Laundry Features: Dryer Connection, Main Level, Washer Connection
  • Cooling: Central Air
  • Heating: Dual Fuel System, Forced Air, Electric, Natural Gas
  • Water Source: Well
  • TRIADMLS_HeatingFuel: Electric, 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 #: 227174
  • Zoning: RS
  • TRIADMLS_PricePerAcre: 1029761.9048
  • TRIADMLS_DeedPage: 2699
  • TRIADMLS_DeedBook: 8649
  • TRIADMLS_AcresRange: 1 - 1

Tax Info

  • Tax Annual Amount: 689.2
  • Tax Year: 2022
  • TRIADMLS_TaxRate: 0.8615

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2022
Closed on
Aug 7, 2023
Sold by
Carnaghi Michael R and Carnaghi Michelle M
Bought by
Mcclure Kyle C
Seller's Agent
Tom Hyde
Carolina Home Partners by eXp Realty
Buyer's Agent
Kevin Crossan
Allen Tate - Burlington
List Price
$900,000
Sold Price
$865,000
Premium/Discount to List
-$35,000
-3.89%
Views
329
Current Estimated Value
$935,827

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,827
Avg. Annual Appreciation
3.78%
Original Mortgage
$500,000
Outstanding Balance
$490,777
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$442,206

Purchase Details

Listed on
Jun 7, 2022
Closed on
Aug 17, 2022
Sold by
Otey Construction Inc
Bought by
Carnaghi Michael R
Seller's Agent
Karen Otey
Otey Homes and Land
Buyer's Agent
Tom Hyde
Carolina Home Partners by eXp Realty
List Price
$896,000
Sold Price
$896,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.53%
Source: Public Records

Range of Values:

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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
Mcclure Kyle C $865,000 None Listed On Document
Carnaghi Michael R $896,000 Coltrane & Overfield Pllc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcclure Kyle C $500,000
Previous Owner Otey Construction Inc $682,130
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2023 08/08/23 Sold $865,000 -3.9% $279 / Sq Ft
07/03/2023 07/03/23 Pending -- -- --
11/04/2022 11/04/22 For Sale $900,000 +0.4% $290 / Sq Ft
08/17/2022 08/17/22 Sold $896,000 0.0% $289 / Sq Ft
07/19/2022 07/19/22 Pending -- -- --
07/04/2022 07/04/22 For Sale $896,000 -- $289 / 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
2023 $7,409 $836,300 $80,000 $756,300
2022 $689 $80,000 $80,000 $0
2021 $732 $85,000 $85,000 $0
2020 $732 $85,000 $85,000 $0
2019 $732 $85,000 $0 $0
2018 $0 $85,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tom Hyde

    Seller's Agent in 2023

    Tom Hyde

    Carolina Home Partners by eXp Realty

    (203) 505-4882

    194 Total Sales

    Section Image
  • Chad Waclawczyk

    Seller Co-Listing Agent in 2023

    Chad Waclawczyk

    Carolina Home Partners by eXp Realty

    (336) 448-9292

    223 Total Sales

    Section Image

  • K

    Buyer's Agent in 2023

    Kevin Crossan

    Allen Tate - Burlington

    (336) 512-5077

    80 Total Sales

    Section Image

  • K

    Seller's Agent in 2022

    Karen Otey

    Otey Homes and Land

    (336) 430-6552

    48 Total Sales

    Section Image
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Map

Source: Triad MLS

MLS Number: 1088466

Triad MLS

APN: 0227174

North Carolina Guilford County Summerfield 27358

2507 Rivers Edge Rd, Summerfield, NC

This home is located at 2507 Rivers Edge Rd, Summerfield, NC 27358 since 04 November 2022 and is currently estimated at $939,759, approximately $253 per square foot. This property was built in 2022. 2507 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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