NOT LISTED FOR SALE

2516 Rivers Edge Rd Summerfield, NC 27358

Estimated Value: $942,000 - $1,072,000

2.45 Acres
$412,934 Price per Acre
106,722 Sq Ft Lot

Last Sold November 29, 2021

Last sale price $90,000

Est. 1,024% increase in value since last sale

Current estimated payment $6,021/month

82 Days on Market

About This Lot

As of November 2021

Build your dream home with Otey Construction in the picrturesque Rivers Edge Subdivision. Pool ready back yard.
2.45 Acres includes the primary lot (1.93) as well as and off site septic (.52). Summerfield address with all Northern Schools. Easy access to 220@ NC Highway 150. 9 minutes to grocery shopping and restaurants. Bring us your plan or we can draw one custom for you. Agent related to owner.

Last Agent to Sell the Property

Karen Otey

Otey Homes and Land License #235964 Listed on: 08/25/2020

Last Buyer's Agent

Jennifer Blythe

Blythe Real Estate Services License #239889

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $820

Lot Details

  • 2.45 Acre Lot
  • Property is zoned RS-30

HOA Fees

  • $55 Monthly HOA Fees

Schools

  • Northern Middle School
  • Northern High School

Utilities

  • Private Water Source
  • Phone Available
  • Cable TV Available

Community Details

  • Rivers Edge Subdivision

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 0227160
  • 1% Total Tax Rate

Property Details

Property Type

Land

Est. Annual Taxes

$820

Lot Details

0

HOA Fees

$55 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Land
  • Lot Size Acres: 2.45
  • Road Frontage Type: Easement
  • Subdivision Name: Rivers Edge
  • Directions: Head N on Lake Brandt Rd. cross over NC 150. Turn right on Witty Rd. and cross over Scalesville Rd. Development will be right just past Bonnie Ln.
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 0 - 0
  • TRIADMLS_PhoneYN: Yes
  • Special Features: None

Utilities

  • Sewer: Private Sewer
  • Electric: Duke Power
  • Water Source: Private
  • TRIADMLS_CableYN: Yes
  • Gas Company: Type: Natural Gas

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 #: 0227160
  • Zoning: RS-30
  • TRIADMLS_PricePerAcre: 36734.6939
  • TRIADMLS_DeedPage: 00727
  • TRIADMLS_DeedBook: 007853
  • TRIADMLS_AcresRange: 2 - 3

Tax Info

  • Tax Annual Amount: 820
  • Tax Lot: 9
  • Tax Year: 2019
  • TRIADMLS_TaxRate: 0.8615

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2022
Sold by
Rivers Edge 7 Llc
Bought by
Smith Justin Spencer and Smith Kelly
Current Estimated Value
$1,011,689

Purchase Details

Listed on
Aug 25, 2020
Closed on
Nov 17, 2021
Sold by
Otey Construction Inc
Bought by
Smith Justin Spencer and Smith Kelly
Seller's Agent
Karen Otey
Otey Homes and Land
Buyer's Agent
Jennifer Blythe
Blythe Real Estate Services
Sold Price
$90,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
86.86%
Original Mortgage
$560,000
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 2020
Sold by
Rivers Edge 7 Llc
Bought by
Otey Construction Inc
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
Smith Justin Spencer -- Chandler & Schiffman Pa
Smith Justin Spencer $840,000 Chicago Title Insurance Co
Otey Construction Inc $84,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Justin Spencer $560,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/29/2021 11/29/21 Sold $90,000 -- --
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 $7,223 $838,400 $116,000 $722,400
2024 $7,223 $838,400 $116,000 $722,400
2023 $7,223 $838,400 $116,000 $722,400
2022 $7,223 $838,400 $116,000 $722,400
2021 $820 $95,200 $95,200 $0
2020 $820 $95,200 $95,200 $0
2019 $820 $95,200 $0 $0
2018 $0 $95,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Karen Otey

    Otey Homes and Land

    (336) 430-6552

    43 Total Sales

    Karen Otey
    Section Image
  • Jennifer Blythe

    Buyer's Agent in 2021

    Jennifer Blythe

    Blythe Real Estate Services

    (336) 447-0261

    77 Total Sales

    Jennifer Blythe
    Section Image
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Map

Source: Triad MLS

MLS Number: 991537

Triad MLS

APN: 0227160

North Carolina Guilford County Summerfield 27358

2516 Rivers Edge Rd, Summerfield, NC

This home is located at 2516 Rivers Edge Rd, Summerfield, NC 27358 since 25 August 2020 and is currently estimated at $1,011,689. 2516 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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