NOT LISTED FOR SALE

505 Summerfield Place Belmont, NC 28012

Estimated Value: $334,000 - $362,000

2 Beds
1.5 Baths
1,121 Sq Ft
$310/Sq Ft Est. Value

Last Sold April 28, 2023

Last sale price $308,000 $275 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,225/month

37 Days on Market

Highlights

  • Enclosed Patio or Porch
  • 1 Car Attached Garage
  • Central Air
  • Belmont Central Elementary School Rated A-
  • Laundry Room

About This Home

As of April 2023

Don't miss this brick, JUST RIGHT townhome, in move-in ready condition, featuring 2 bedrooms, 1.5 bathrooms, and a 1-car garage! You'll enjoy ALL this, just a short stroll to adorable Downtown Belmont! You'll love the granite counters in the kitchen and bathrooms, the private, paved stone patio with a Japanese maple, rose and butterfly bushes, camelias, etc... surrounded by a tall, brick, privacy fence and iron entry gate! Refrigerator to remain. Make your appointment TODAY!

Last Agent to Sell the Property

Megan Triplett

Allen Tate Gastonia License #210611 Listed on: 02/17/2023

Allen Tate Gastonia

Co-Listed By

Joy Auten

Allen Tate Gastonia License #321472

Last Buyer's Agent

Randalle Creagh

Realty One Group Revolution License #121567

Realty One Group Revolution

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,869

Year Built

  • Built in 2008

Lot Details

  • 1,742

HOA Fees

  • $120 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Hardboard

Interior Spaces

  • 2-Story Property
  • Laundry Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

Outdoor Features

  • Enclosed Patio or Porch

Schools

  • Belmont Central Elementary School
  • Belmont Middle School
  • South Point High School

Utilities

  • Central Air
  • Electric Water Heater

Community Details

  • Main Street Mangement Association, Phone Number (704) 255-1266
  • Belmont Reserve Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 215256

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,869

Year Built

Built in 2008

Lot Details

0

HOA Fees

$120 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Year Built: 2008
  • Second Living Quarters: Main Level Garage
  • Road Surface Type: Concrete, Paved
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 274.75
  • Geocode Confidence: High
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Entry Level: 1
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 563
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 558
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Above Grade Finished Sq Ft: 1121
  • Basement YN: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 1121
  • Bedroom Main: 0
  • Room Count: 7

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Construction Type: Brick Partial, Hardboard Siding
  • Patio And Porch Features: Enclosed, Patio

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage

Utilities

  • Heating: Electric
  • Sewer: Public Sewer
  • Laundry Features: Main Level
  • Cooling: Central Air
  • Water Source: City

Condo/Co-op/Association

  • Association Fee: 120
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Main Street Mangement
  • Phone: 704-255-1266
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • Association Annual Expense: 1440.00

Schools

  • Middle Or Junior School: Belmont
  • HOA Subject To: Required

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 215256
  • Plat Book Slide: 076/078
  • Land Included Yn: 1
  • ResoLotSizeUnits: Acres
  • Zoning Specification: Res

Green Features

  • Green Verification Count: 0

Rental Info

  • Pets Allowed: Conditional

MLS Schools

  • Elementary School: Belmont Central
  • High School: South Point (NC)

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2021
Closed on
Mar 10, 2021
Sold by
Sph Three Lllp
Bought by
Lewis Kellie W
Seller's Agent
Trent Corbin
Keller Williams South Park
Buyer's Agent
Megan Triplett
Allen Tate Gastonia
List Price
$254,900
Sold Price
$232,000
Premium/Discount to List
-$22,900
-8.98%
Current Estimated Value
$340,778

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,778
Avg. Annual Appreciation
9.01%
Original Mortgage
$180,000
Outstanding Balance
$163,255
Interest Rate
2.73%
Mortgage Type
Commercial
Estimated Equity
$175,015

Purchase Details

Closed on
Dec 17, 2020
Sold by
Primke Lynda and Primke Thomas
Bought by
Sph Three Lllp

Purchase Details

Closed on
May 15, 2012
Sold by
Belmont Reserve Llc
Bought by
Cayax Lynda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
3.9%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Lewis Kellie W $232,000 Zillow Closing Services Llc
Sph Three Lllp $234,000 Zillow Closing Services Llc
Cayax Lynda L $140,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lewis Kellie W $180,000
Previous Owner Cayax Lynda L $115,000
Previous Owner Cayax Lynda L $112,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2023 04/28/23 Sold $308,000 -2.2% $275 / Sq Ft
03/25/2023 03/25/23 Price Changed $315,000 -3.1% $281 / Sq Ft
03/14/2023 03/14/23 Price Changed $325,000 -3.7% $290 / Sq Ft
03/03/2023 03/03/23 Price Changed $337,500 -0.7% $301 / Sq Ft
02/17/2023 02/17/23 For Sale $340,000 +46.6% $303 / Sq Ft
03/29/2021 03/29/21 Sold $232,000 -9.0% $221 / Sq Ft
02/08/2021 02/08/21 Pending -- -- --
02/01/2021 02/01/21 For Sale $254,900 -- $242 / 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
2024 $2,869 $272,230 $42,000 $230,230
2023 $2,899 $272,230 $42,000 $230,230
2022 $2,360 $180,860 $25,500 $155,360
2021 $2,433 $180,860 $25,500 $155,360
2020 $2,433 $180,860 $25,500 $155,360
2019 $2,451 $180,860 $25,500 $155,360
2018 $1,978 $142,830 $32,000 $110,830
2017 $1,921 $142,830 $32,000 $110,830
2016 $1,921 $142,830 $0 $0
2014 $2,463 $183,100 $40,000 $143,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4002023

Canopy MLS (Canopy Realtor® Association)

APN: 215256