NOT LISTED FOR SALE

388 Summit Rd Tryon, NC 28782

Estimated Value: $293,591 - $441,000

3 Beds
2 Baths
1,856 Sq Ft
$212/Sq Ft Est. Value

Last Sold October 29, 2018

Last sale price $197,000 $106 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $2,265/month

767 Days on Market

Highlights

  • Wood Flooring
  • Circular Driveway
  • Level Lot
  • Cottage
  • Many Trees

About This Home

As of October 2018

This cute little cottage boasts one of the best western mountain views on Melrose Mountain. If you have been looking for a mountain sunset then you have found the right place. Just grab a chair on the 36 foot long back deck and enjoy. The cottage features a nicely sized living rm w/ a beamed, vaulted ceiling and a eat-in kitchen w/ gorgeous piedmont views. The lower level has a bedroom, bath, family room, office & a flex space. Melrose Mtn amenities include 2 lakes, fitness room, trails & more.

Last Agent to Sell the Property

Jeff Miller

Coldwell Banker Advantage License #166025 Listed on: 08/10/2016

Coldwell Banker Advantage

Last Buyer's Agent

Myrna Viehman

Tryon Foothills Realty License #73294

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1970

Lot Details

  • Level Lot
  • Many Trees

HOA Fees

  • $70 Monthly HOA Fees

Parking

  • Circular Driveway

Home Design

  • Cottage

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Full Bathrooms

Listing and Financial Details

  • Assessor Parcel Number P25-226
  • Tax Block 102

Home Details

Home Type

Single Family

Year Built

Built in 1970

Lot Details

0

HOA Fees

$70 per month

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story Basement
  • Architectural Style: Cottage
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.91628
  • Ratio Close Price By Original Li: 0.84549
  • Ratio Current Price By Acre: 140714.29
  • Ratio Current Price By Sq Ft: 106.14
  • Year Built: 1970
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Basement Fully Finished, Block
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Equipment: Dryer, Electric Range, Refrigerator, Washer, Electric Oven
  • Fireplace Description: Living Room, Woodstove
  • Flooring: Tile, Wood
  • Laundry Location: Basement
  • Room Count: 2
  • Sq Ft Basement: 928
  • Main Level Sq Ft: 928
  • Total Sq Ft: 1856

Exterior Features

  • Construction: Concrete Block, Wood
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Asphalt, Circular
  • Parking: Driveway

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat
  • Sewer: Septic Tank
  • Water: Community Well, Spring
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee: 420.00
  • Association Fee Frequency: Semi-Annually
  • Hoa Subject To Dues: Mandatory

Lot Info

  • Lot Features: Cul-de-sac Lot, Level, Long Range View, Mountain View, Sloping, Trees, Year Round View
  • Parcel Number: P25-226
  • Plat Book Slide: A92
  • Plat Reference Section Pages: 1795
  • Zoning: Residential
  • Zoning Specification: MU

Tax Info

  • Tax Value: 164212.00
  • Tax Amount Ncm: 748.00
  • Tax Block: 102
  • Tax Location: Polk

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2016
Closed on
Oct 25, 2018
Sold by
Mitchem Robert J and Mitchem John R
Bought by
Still Janet H and Still Robert W
Seller's Agent
Jeff Miller
Coldwell Banker Advantage
Buyer's Agent
Myrna Viehman
Tryon Foothills Realty
List Price
$233,000
Sold Price
$197,000
Premium/Discount to List
-$36,000
-15.45%
Current Estimated Value
$392,898

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,898
Avg. Annual Appreciation
10.20%
Original Mortgage
$157,600
Outstanding Balance
$138,018
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$254,880

Purchase Details

Closed on
Sep 29, 2003
Bought by
Mitchem John R Trustee

Purchase Details

Closed on
Jul 23, 2002
Bought by
Mitchem John R Trustee
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Still Janet H $197,000 --
Mitchem John R Trustee -- --
Mitchem John R Trustee $107,000 --
Mitchem John R Trustee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Still Janet H $157,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2018 10/29/18 Sold $197,000 -8.4% $106 / Sq Ft
09/16/2018 09/16/18 Pending -- -- --
08/28/2018 08/28/18 Price Changed $215,000 -7.7% $116 / Sq Ft
08/10/2016 08/10/16 For Sale $233,000 -- $126 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $1,533 $270,529 $29,750 $240,779
2024 $1,447 $203,433 $21,000 $182,433
2023 $1,407 $203,433 $21,000 $182,433
2022 $1,381 $203,433 $21,000 $182,433
2021 $1,340 $203,433 $21,000 $182,433
2020 $1,181 $164,212 $21,000 $143,212
2019 $1,181 $164,212 $21,000 $143,212
2018 $1,129 $164,212 $21,000 $143,212
2017 $1,063 $116,838 $20,200 $96,638
2016 $768 $116,838 $20,200 $96,638
2015 $745 $0 $0 $0
2014 $722 $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3205618

Canopy MLS (Canopy Realtor® Association)

APN: P25-226