NOT LISTED FOR SALE

500 Summer Place Unit 500 Norcross, GA 30071

Estimated Value: $237,000 - $251,704

3 Beds
2.5 Baths
1,214 Sq Ft
$202/Sq Ft Est. Value

Last Sold April 11, 2014

Last sale price $98,000 $81 Per Sq Ft

Est. 150% increase in value since last sale

Current estimated payment $1,748/month

Highlights

  • Gated Community
  • Clubhouse
  • Oversized primary bedroom
  • Paul Duke STEM High School Rated A+
  • Deck
  • Traditional Architecture

About This Home

As of April 2014

Excellent opportunity for gated community near Downtown Old Norcross. Walk to shops, dining and theater. This 3 bedroom unit has all new paint, flooring and appliances. Walk right around the corner to community pool. Middle school is one block away. Public transportation nearby. This is a Fannie Mae Homepath Property! Purchase for as little as 5% down! Thus home is approved for Homepath Financing and Homepath Renovation Financing.

Last Agent to Sell the Property

Cheri Buechler

PCR Holdings, LLC. License #149087 Listed on: 01/09/2014

Last Buyer's Agent

Stephen Gibson

Gibson Realty Group, LLC. License #287685

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $699

Year Built

  • Built in 2005

Lot Details

  • End Unit
  • Private Entrance

HOA Fees

  • $250 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Traditional Architecture
  • Split Level Home
  • Composition Roof
  • Cement Siding

Interior Spaces

  • 1,214 Sq Ft Home
  • Ceiling height of 9 feet on the lower level
  • Ceiling Fan
  • Insulated Windows
  • Private Rear Entry
  • Entrance Foyer
  • Family Room
  • Living Room
  • Formal Dining Room
  • Home Office
  • Computer Room
  • Pull Down Stairs to Attic
  • Security Gate

Kitchen

  • Open to Family Room
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Oversized primary bedroom
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Laundry in Hall
  • Laundry on upper level

Eco-Friendly Details

  • Energy-Efficient Windows
  • Energy-Efficient Insulation

Outdoor Features

  • Deck
  • Enclosed Patio or Porch

Schools

  • Norcross Elementary School
  • Summerour Middle School
  • Norcross High School

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 500Summer500PL

Community Details

Overview

  • Sierra West Subdivision

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Pool
  • Park

Security

  • Security Service
  • Gated Community

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$699

Year Built

Built in 2005

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Condominium
  • Architectural Style: Townhouse, Traditional
  • Property Condition: Resale
  • Year Built: 2005
  • Levels Stories: Multi/Split
  • Special Features: None

Property Details

  • Property: Residential Attached

Interior Features

  • Appliances: Dishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
  • Interior Amenities: Disappearing Attic Stairs, Entrance Foyer, High Ceilings 9 ft Lower, High Ceilings 9 ft Main, High Ceilings 9 ft Upper, High Speed Internet
  • Kitchen Features: Cabinets Other, Pantry, View to Family Room
  • Common Walls: End Unit
  • Additional Rooms: Computer Room, Family Room, Living Room, Office
  • Dining Room Features: Separate Dining Room
  • Square Footage: 1214.00
  • Window Features: Insulated Windows

Beds/Baths

  • Total Bedrooms: 3
  • Bedroom Features: Oversized Master
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Main Half Bathrooms: 1
  • Master Bathroom Features: Tub/Shower Combo

Exterior Features

  • Construction Materials: Cement Siding
  • Roof Type: Composition
  • Patio And Porch Features: Covered, Deck, Enclosed, Patio
  • Exterior Features: Private Front Entry, Private Rear Entry

Garage/Parking

  • Parking Features: Parking Lot

Utilities

  • Security: Security Gate, Security Service
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Electric, Forced Air
  • Laundry Features: In Hall, Upper Floor
  • Utilities: Cable Available, Underground Utilities

Condo/Co-op/Association

  • Community Features: Clubhouse, Gated, Homeowners Assoc, Park, Pool, Tennis Court(s)
  • Association Fee: 250
  • Association Fee Frequency: Monthly
  • Master Association Fee Frequency: Annually
  • Subdivision Complex: Sierra West

Schools

  • Elementary School: Norcross
  • Middle School: Summerour
  • High School: Norcross

Lot Info

  • Land/Lot: 242
  • Parcel Number: 500Summer500PL
  • Property Attached Yn: Yes

Green Features

  • Efficiency: Insulation, Windows

Tax Info

  • Taxes: 699.00
  • Assessor Parcel Number: R6242-232
  • Close Date: 2014-04-11
  • Tax Year: 2013

MLS Schools

  • Elementary School: Norcross
  • High School: Norcross
  • Middle School: Summerour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2014
Closed on
Apr 11, 2014
Sold by
Federal National Mortgage Association
Bought by
Mao Rui and Zhang Ying
Seller's Agent
Cheri Buechler
PCR Holdings, LLC.
Buyer's Agent
Stephen Gibson
Gibson Realty Group, LLC.
List Price
$109,900
Sold Price
$98,000
Premium/Discount to List
-$11,900
-10.83%
Current Estimated Value
$244,676

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,676
Avg. Annual Appreciation
8.21%
Original Mortgage
$52,800
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 19, 2007
Sold by
Sahara Heights Llc
Bought by
Catoe John and Ellisor Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,400
Interest Rate
7.75%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Mao Rui $98,000 --
Catoe John $154,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mao Rui $52,800
Previous Owner Catoe John $15,400
Previous Owner Catoe John $123,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2014 04/11/14 Sold $98,000 -10.8% $81 / Sq Ft
02/28/2014 02/28/14 Pending -- -- --
01/09/2014 01/09/14 For Sale $109,900 -- $91 / Sq Ft
Source: First Multiple Listing Service (FMLS)

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
2024 $2,405 $97,920 $14,000 $83,920
2023 $2,405 $89,640 $14,000 $75,640
2022 $473 $78,760 $12,400 $66,360
2021 $391 $61,640 $12,400 $49,240
2020 $1,575 $54,880 $8,280 $46,600
2019 $2,048 $50,680 $7,600 $43,080
2018 $1,442 $43,560 $6,000 $37,560
2016 $1,345 $40,680 $6,000 $34,680
2015 $1,390 $30,560 $4,800 $25,760
2014 $1,031 $30,560 $4,800 $25,760
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2014

    Cheri Buechler

    PCR Holdings, LLC.

    (678) 429-5126

    6 Total Sales

    Cheri Buechler
    Section Image

  • S

    Buyer's Agent in 2014

    Stephen Gibson

    Gibson Realty Group, LLC.

    (678) 778-6790

    4 in this area

    28 Total Sales

    Stephen Gibson
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5237387

First Multiple Listing Service (FMLS)

APN: 6-242-232

Georgia Gwinnett County Norcross 30071

500 Summer Place Unit 500, Norcross, GA

This home is located at 500 Summer Place Unit 500, Norcross, GA 30071 since 09 January 2014 and is currently estimated at $244,676, approximately $201 per square foot. This property was built in 2005. 500 Summer Place Unit 500 is a home located in Gwinnett County with nearby schools including Baldwin Elementary, Summerour Middle School, and Paul Duke STEM High School.

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