NOT LISTED FOR SALE

40 Summerfield Place Flat Rock, NC 28731

Estimated Value: $438,000 - $443,000

3 Beds
2.5 Baths
1,900 Sq Ft
$180/mo HOA Fee

Last Sold March 13, 2017

Last sale price $272,000 $143 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $2,688/month

12 Days on Market

Highlights

  • Fitness Center
  • Clubhouse
  • Cathedral Ceiling
  • Open Floorplan
  • Contemporary Architecture
  • Wood Flooring

About This Home

As of March 2017

Well maintained and private end lot in desirable Orchards of Flat Rock. 2 Master Suites with 3rd bedroom, 2 car garage, plenty of storage, updated kitchen counters and backsplash, newer appliances and living room with gas fireplace. Maintenance fee community offer clubhouse, pool and fitness center. A must see!

Last Agent to Sell the Property

Nancy Oberlies

Howard Hanna Beverly-Hanks License #253893 Listed on: 01/24/2017

Howard Hanna Beverly-Hanks

Last Buyer's Agent

Pam Fuhrer

Sandra Purcell & Associates License #251532

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2007

Lot Details

  • 2,178

HOA Fees

  • $180 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Contemporary Architecture
  • Slab Foundation

Interior Spaces

  • 1.5-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Gas Log Fireplace
  • Breakfast Bar

Flooring

  • Wood
  • Carpet
  • Tile

Listing and Financial Details

  • Assessor Parcel Number 1003761

Community Details

Recreation

  • Fitness Center
  • Community Pool

Additional Features

  • Clubhouse

Property Details

Home Type

Condominium

Year Built

Built in 2007

Lot Details

0

HOA Fees

$180 per month

Parking

2

Listing Details

  • Property Type: Condo/Townhouse
  • Property Sub Type: 1.5 Story
  • Architectural Style: Contemporary
  • Ratio Close Price By List Price: 0.96454
  • Ratio Close Price By Original Li: 0.96454
  • Ratio Current Price By Acre: 5440000.00
  • Ratio Current Price By Sq Ft: 143.16
  • Unit Floor Level: 1
  • Year Built: 2007
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Slab
  • Upper Level Sq Ft: 495
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Entry Level: Main
  • Equipment: Ceiling Fan(s), Cooktop Electric, Dryer, Dishwasher, Electric Range, Refrigerator, Washer, Electric Oven
  • Fireplace Description: Gas Logs
  • Fireplace: Yes
  • Flooring: Tile, Carpet, Wood
  • Interior Amenities: Breakfast Bar, Cathedral Ceiling(s), Open Floorplan, Pantry
  • Laundry Location: Laundry Room
  • Room Count: 2
  • Main Level Sq Ft: 1405
  • Total Sq Ft: 1900

Exterior Features

  • Construction: Fiber Cement, Stone Veneer
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Asphalt
  • Parking: Attached Garage, Garage - 2 Car

Utilities

  • Heating: Gas Hot Air Furnace
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Community Features: Club House, Fitness Center, Outdoor Pool
  • Association Fee: 180.00
  • Association Fee Frequency: Monthly
  • Complex Name: Orchards of Flat Rock
  • Hoa Subject To Dues: Mandatory

Lot Info

  • Land Included Yn: Yes
  • Lot Features: Level
  • Parcel Number: 1003761
  • Plat Book Slide: SLD 6012
  • Zoning Specification: R1

Tax Info

  • Tax Value: 227100.00
  • Tax Amount Ncm: 1805.00
  • Tax Location: FLATROCK

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2024
Sold by
Watkins Robert J and Watkins Kathleen L
Bought by
Robert And Kathleen Watkins Living Trust and Watkins
Current Estimated Value
$439,497

Purchase Details

Listed on
Jan 24, 2017
Closed on
Mar 13, 2017
Sold by
Evans Donald L
Bought by
Watkins Robert J and Watkins Kathleen L
Seller's Agent
Nancy Oberlies
Howard Hanna Beverly-Hanks
Buyer's Agent
Pam Fuhrer
Sandra Purcell & Associates
List Price
$282,000
Sold Price
$272,000
Premium/Discount to List
-$10,000
-3.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.66%
Original Mortgage
$250,000
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 5, 2014
Closed on
Nov 20, 2014
Sold by
Farrell Linda G
Bought by
Evans Donald L and Evans Kerry M
Seller's Agent
Alice Cochran
Berkshire Hathaway HomeServices
Buyer's Agent
Dorothy Swearingen
NCMountainLife.com
List Price
$236,500
Sold Price
$228,000
Premium/Discount to List
-$8,500
-3.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.94%

Purchase Details

Closed on
Nov 9, 2007
Sold by
The Orchards Llc
Bought by
Farrell Linda G and Louise George C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
6.26%
Mortgage Type
Cash

Purchase Details

Closed on
Jan 25, 2006
Sold by
Not Provided
Bought by
Farrell Linda G and Louise George C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Robert And Kathleen Watkins Living Trust -- Chicago Title
Robert And Kathleen Watkins Living Trust -- Chicago Title
Watkins Robert J $272,000 --
Evans Donald L $228,000 --
Farrell Linda G $263,000 --
Farrell Linda G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Watkins Robert J $250,000
Previous Owner Farrell Linda G $10,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/13/2017 03/13/17 Sold $272,000 -3.5% $143 / Sq Ft
02/05/2017 02/05/17 Pending -- -- --
01/24/2017 01/24/17 For Sale $282,000 +23.7% $148 / Sq Ft
11/20/2014 11/20/14 Sold $228,000 -3.6% $120 / Sq Ft View Prior Sale
11/20/2014 11/20/14 Pending -- -- --
03/05/2014 03/05/14 For Sale $236,500 -- $124 / 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 $2,240 $400,700 $48,500 $352,200
2024 $2,240 $399,200 $48,500 $350,700
2023 $2,240 $399,200 $48,500 $350,700
2022 $1,980 $286,600 $44,000 $242,600
2021 $1,556 $286,600 $44,000 $242,600
2020 $1,980 $286,600 $0 $0
2019 $1,980 $286,600 $0 $0
2018 $1,556 $227,100 $0 $0
2017 $1,556 $227,100 $0 $0
2016 $1,556 $227,100 $0 $0
2015 -- $227,100 $0 $0
2014 -- $246,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3245284

Canopy MLS (Canopy Realtor® Association)

APN: 1003761