NOT LISTED FOR SALE

424 Summit Ave Albemarle, NC 28001

Estimated Value: $121,000 - $153,000

2 Beds
1 Bath
977 Sq Ft
$141/Sq Ft Est. Value

Last Sold October 04, 2023

Last sale price $110,000 $113 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $801/month

Highlights

  • 1-Story Property
  • Central Air
  • Vinyl Flooring
  • Attached Carport

About This Home

As of July 2024

Spacious newly remodeled 2 Bedroom 1 Bath home, new floors throughout the home, generous size kitchen with stainless steel appliances, brand new bathroom, covered front porch and washer dryer hook ups. This property won't last long, call and make your appointment today.

Last Agent to Rent the Property

Michael St. Germain

The St. Germain Group Brokerage Email: michael.stgermain33@gmail.com License #277314 Listed on: 05/28/2024

Last Renter's Agent

Michael St. Germain

The St. Germain Group Brokerage Email: michael.stgermain33@gmail.com License #277314 Listed on: 05/28/2024

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1930

Lot Details

  • 9,583

Parking

  • Attached Carport

Interior Spaces

  • 977 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring
  • Electric Range
  • Electric Dryer Hookup

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Schools

  • East Albemarle Elementary School
  • Albemarle Middle School
  • Albemarle High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Security Deposit $1,100
  • Property Available on 5/28/24
  • Tenant pays for all utilities, cable TV
  • 12-Month Minimum Lease Term

Home Details

Home Type

Single Family

Year Built

Built in 1930

Lot Details

9,583 Sq Ft Lot

Rental Info

  • Tenant Pays: All Utilities, Cable TV
  • Pets Allowed: No
  • Smoking Allowed Yn: 0
  • Lease Term: 12 Months
  • Available Date: 2024-05-28
  • Security Deposit: 1100
  • Application Fee: 60

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Year Built: 1930
  • Road Surface Type: Gravel, Paved
  • Unit Levels: One
  • ResoPropertyType: ResidentialLease
  • Ratio CurrentPrice/TotalPropertyHLA: 1.13
  • Geocode Confidence: High
  • Attribution Contact: michael.stgermain33@gmail.com
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Vinyl
  • Interior Amenities: Attic Other
  • Main Level Sq Ft: 977
  • Sq Ft Unheated Total: 0
  • Appliances: Electric Range, Refrigerator
  • Above Grade Finished Sq Ft: 977
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 977
  • Bedroom Main: 2

Garage/Parking

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

Utilities

  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup
  • Cooling: Central Air
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: East Albemarle
  • High School: Albemarle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2023
Closed on
Oct 4, 2023
Sold by
Parson Sandra R
Bought by
Genesis Investment Properties Llc
Seller's Agent
Candy Evert
Lantern Realty & Development
Buyer's Agent
Katelyn Howell
Lantern Realty & Development
List Price
$121,000
Sold Price
$110,000
Premium/Discount to List
-$11,000
-9.09%
Views
118
Current Estimated Value
$137,472

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,472
Avg. Annual Appreciation
9.49%
Original Mortgage
$200,000
Outstanding Balance
$195,053
Interest Rate
7.23%
Mortgage Type
New Conventional
Estimated Equity
-$57,581

Purchase Details

Closed on
Oct 20, 2022
Sold by
Menefee Jessie Levi and Parson Sandra R
Bought by
Menefee Jessie Levi and Parson Sandra R

Purchase Details

Listed on
Jan 3, 2018
Closed on
Apr 9, 2018
Sold by
Mclean Mark R
Bought by
Menfee Jesse Levi
Seller's Agent
Michele Browne
Deeter Real Estate
Buyer's Agent
Michael Fullerton
Lantern Realty & Development
List Price
$49,900
Sold Price
$33,000
Premium/Discount to List
-$16,900
-33.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.66%

Purchase Details

Closed on
Jan 1, 2012
Bought by
Mclean Mark R

Purchase Details

Closed on
Feb 21, 2009
Sold by
L & L Property Investors Llc
Bought by
First Bank

Purchase Details

Closed on
Sep 17, 2007
Sold by
Jp Morgan Chase Bank
Bought by
L & L Property Investors Llc

Purchase Details

Closed on
Jun 2, 2006
Sold by
Smith Emma Lou Rushing and Smith Johnny
Bought by
Jpmorgan Chase Bank
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Purchase History

Date Buyer Sale Price Title Company
Genesis Investment Properties Llc $330,000 None Listed On Document
Menefee Jessie Levi -- None Listed On Document
Menefee Jessie Levi -- None Listed On Document
Menfee Jesse Levi $33,000 None Available
Mclean Mark R -- --
First Bank $30,000 None Available
L & L Property Investors Llc $10,000 U S Land Title
Jpmorgan Chase Bank $25,110 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Genesis Investment Properties Llc $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/17/2024 07/17/24 Rented $1,100 0.0% --
05/28/2024 05/28/24 For Rent $1,100 +15.8% --
02/13/2024 02/13/24 Rented $950 0.0% --
02/06/2024 02/06/24 For Rent $950 0.0% --
10/04/2023 10/04/23 Sold $110,000 -9.1% $113 / Sq Ft View Prior Sale
08/29/2023 08/29/23 Pending -- -- --
08/14/2023 08/14/23 For Sale $121,000 0.0% $124 / Sq Ft
07/06/2018 07/06/18 Rented $500 0.0% --
06/14/2018 06/14/18 For Rent $500 0.0% --
04/09/2018 04/09/18 Sold $33,000 -33.9% $26 / Sq Ft View Prior Sale
03/31/2018 03/31/18 Pending -- -- --
01/03/2018 01/03/18 For Sale $49,900 -- $39 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $1,029 $91,870 $10,303 $81,567
2024 $584 $47,874 $3,434 $44,440
2023 $466 $38,169 $3,434 $34,735
2022 $466 $38,169 $3,434 $34,735
2021 $466 $38,169 $3,434 $34,735
2020 $357 $27,515 $3,090 $24,425
2019 $27 $27,515 $3,090 $24,425
2018 $316 $24,114 $3,090 $21,024
2017 $304 $24,114 $3,090 $21,024
2016 $297 $23,551 $3,090 $20,461
2015 $300 $23,551 $3,090 $20,461
2014 $342 $23,551 $3,090 $20,461
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4144956

Canopy MLS (Canopy Realtor® Association)

APN: 6548-03-42-6303

Your Personal Tour Guide

Ask me questions while you tour the home.