NOT LISTED FOR SALE

420 Summit Ave Albemarle, NC 28001

Estimated Value: $187,000 - $195,000

4 Beds
2 Baths
1,727 Sq Ft
$110/Sq Ft Est. Value

Last Sold October 05, 2023

Last sale price $155,000 $90 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $1,126/month

Highlights

  • Living Room
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of October 2023

Duplex located within Albemarle City Limits. Both units are currently occupied by tenants.

Last Agent to Sell the Property

Terri West

Four Seasons Realty Albemarle License #301616 Listed on: 08/20/2023

Last Buyer's Agent

Terri West

Four Seasons Realty Albemarle License #301616 Listed on: 08/20/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2000

Lot Details

  • 0.27

Parking

  • Driveway

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 1,727 Sq Ft Home
  • Living Room
  • Crawl Space
  • Electric Oven
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for exterior maintenance, - see remarks
  • Assessor Parcel Number 6548-03-42-4491

Property Details

Home Type

Multi-Family

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Year Built: 2000
  • Road Surface Type: Gravel
  • ResoPropertyType: ResidentialIncome
  • Geocode Confidence: High
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Room Other: Bedroom(s),Bathroom(s),Kitchen,Living Room
  • Appliances: Electric Oven, Refrigerator
  • Owner Pays: Exterior Maintenance, Other - See Remarks
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Living Area: 1727

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Construction Type: Vinyl

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Driveway

Utilities

  • Heating: Central
  • Sewer: Public Sewer
  • Laundry Features: In Unit
  • Cooling: Central Air
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 6548-03-42-4491
  • Zoning: R8
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R-8

Rental Info

  • Tenant Pays: All Utilities
  • Pets Allowed: No

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2023
Closed on
Oct 13, 2023
Sold by
Crawford Andre and Scarlett Charlene
Bought by
Crawlett Development Llc
Seller's Agent
Terri West
Four Seasons Realty Albemarle
Buyer's Agent
Terri West
Four Seasons Realty Albemarle
List Price
$155,000
Sold Price
$155,000
Views
2
Current Estimated Value
$189,879

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,879
Avg. Annual Appreciation
9.35%
Original Mortgage
$152,192
Outstanding Balance
$149,261
Interest Rate
7.23%
Mortgage Type
FHA
Estimated Equity
$40,618

Purchase Details

Listed on
Aug 20, 2023
Closed on
Oct 3, 2023
Sold by
Smith Curtis Sherrill and Smith Denise Eudy
Bought by
Crawford Andre and Scarlett Charlene
Seller's Agent
Terri West
Four Seasons Realty Albemarle
Buyer's Agent
Terri West
Four Seasons Realty Albemarle
List Price
$155,000
Sold Price
$155,000
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,192
Outstanding Balance
$149,261
Interest Rate
7.23%
Mortgage Type
FHA
Estimated Equity
$40,618

Purchase Details

Closed on
Jan 20, 2005
Sold by
Cms Rentals
Bought by
Smith C Sherrill
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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Purchase History

Date Buyer Sale Price Title Company
Crawlett Development Llc -- None Listed On Document
Crawford Andre $155,000 None Listed On Document
Smith C Sherrill -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crawford Andre $152,192
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2023 10/05/23 Sold $155,000 0.0% $90 / Sq Ft
08/20/2023 08/20/23 Pending -- -- --
08/20/2023 08/20/23 For Sale $155,000 -- $90 / 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 $1,612 $143,896 $19,800 $124,096
2024 $1,290 $105,721 $6,600 $99,121
2023 $2,616 $214,436 $8,840 $205,596
2022 $2,616 $214,436 $8,840 $205,596
2021 $2,616 $214,436 $8,840 $205,596
2020 $2,560 $197,390 $7,956 $189,434
2019 $2,586 $197,390 $7,956 $189,434
2018 $2,586 $197,390 $7,956 $189,434
2017 $2,487 $197,390 $7,956 $189,434
2016 $2,431 $192,898 $7,956 $184,942
2015 $2,455 $192,898 $7,956 $184,942
2014 $2,468 $192,898 $7,956 $184,942
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4076222

Canopy MLS (Canopy Realtor® Association)

APN: 6548-03-42-4491