NOT LISTED FOR SALE

505 Summit St Madison, NC 27025

Estimated Value: $180,000 - $226,000

3 Beds
2 Baths
1,500 Sq Ft
$137/Sq Ft Est. Value

Last Sold February 01, 2022

Last sale price $165,000 $110 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,332/month

74 Days on Market

Highlights

  • Vaulted Ceiling
  • Porch
  • Central Air
  • No HOA
  • Detached Carport Space
  • Carpet

About This Home

As of February 2022

MOVE-IN CONDITION. You will love this 3 bedroom, 2 bath home in Madison. Gorgeous kitchen that is very spacious. Vaulted ceilings, new counters, flooring, and lots of cabinets. Large dining area and living room. Beautiful new floors. Large Primary bedroom with large walk-in closet. 20 ft covered front porch. 10 ft X 16 ft deck overlooking the backyard with some privacy. Located near Idol Park that has great walking trails. Minutes to the new Madison River Park. A great home for only $169,900.

Last Agent to Sell the Property

Jeff Biggs

JEFF BIGGS REALTY, INC License #137580 Listed on: 09/30/2021

Last Buyer's Agent

Karla Comer

Howard Hanna Allen Tate Oak Ridge Commons License #324009

Howard Hanna Allen Tate Oak Ridge Commons

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,453

Year Built

  • Built in 2001

Lot Details

  • 8,712 Sq Ft Lot
  • Property is zoned R8MD

Parking

  • 1 Car Garage
  • Detached Carport Space
  • Driveway

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,360 Sq Ft Home
  • 1,200-1,500 Sq Ft Home
  • Property has 1 Level
  • Vaulted Ceiling
  • Insulated Windows
  • Insulated Doors
  • Crawl Space

Kitchen

  • Free-Standing Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Porch

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 117159
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,453

Year Built

Built in 2001

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.2
  • Lot Size: .2
  • Subdivision Name: None
  • Directions: Hwy 220 North to Madison exit. Hwy 704 West into Madison. Hwy 311/Academy St then left on Summit St. Home on the left.
  • Above Grade Finished Sq Ft: 1360
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 2001
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1200 - 1500
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Microwave, Dishwasher, Slide-In Oven/Range, Electric Water Heater
  • Flooring: Carpet, Laminate, Vinyl
  • Interior Amenities: Vaulted Ceiling(s)
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: Insulated Doors
  • Living Area: 1360
  • Main Level Bathrooms: 2
  • TRIADMLS_FullBathsMain: 2
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No

Exterior Features

  • Pool Features: None
  • Construction Type: Vinyl Siding
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Carport, Driveway, Detached Carport
  • Garage Description: Detached Carport

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Heat Pump, Electric
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric
  • Energy Features: Insulated Doors, Insulated Windows

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 117159
  • Zoning: R8MD
  • TRIADMLS_PlatBook: 46-6
  • TRIADMLS_AcresRange: 0 - 0

Tax Info

  • Tax Annual Amount: 1453
  • Tax Year: 2020
  • TRIADMLS_TaxRate: 1.426

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2021
Closed on
Feb 1, 2022
Sold by
Thomas Price Michael
Bought by
Carter Lashara J
Seller's Agent
Jeff Biggs
JEFF BIGGS REALTY, INC
Buyer's Agent
Karla Comer
Howard Hanna Allen Tate Oak Ridge Commons
List Price
$174,900
Sold Price
$165,000
Premium/Discount to List
-$9,900
-5.66%
Current Estimated Value
$219,092

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,092
Avg. Annual Appreciation
5.64%
Original Mortgage
$165,000
Outstanding Balance
$152,359
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$53,721

Purchase Details

Listed on
Dec 4, 2018
Closed on
Apr 16, 2019
Sold by
First National Bank Of Pennyslvania
Bought by
Price Michael Thomas
Seller's Agent
Shaunna Overman
Howard Hanna Allen Tate Oak Ridge Commons
Buyer's Agent
Jeff Biggs
JEFF BIGGS REALTY, INC
Sold Price
$89,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.61%
Original Mortgage
$68,400
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 19, 2018
Sold by
Trustee Services Inc
Bought by
First National Bank Of Pennsylvaina

Purchase Details

Closed on
Dec 9, 2011
Sold by
Searles Cheryl and Penn Cheryl L
Bought by
Searles Cheryl and Searles Wendell Everett
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Carter Lashara J $330 Law Offices Of Barbara Stewart
Price Michael Thomas $89,500 None Available
First National Bank Of Pennsylvaina $91,500 None Available
Searles Cheryl -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carter Lashara J $165,000
Previous Owner Price Michael Thomas $68,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/01/2022 02/01/22 Sold $165,000 -5.7% $138 / Sq Ft
12/14/2021 12/14/21 Pending -- -- --
09/30/2021 09/30/21 For Sale $174,900 +95.4% $146 / Sq Ft
06/16/2021 06/16/21 Off Market $89,500 -- --
04/23/2019 04/23/19 Sold $89,500 -- $75 / Sq Ft View Prior Sale
Source: Triad MLS

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 $2,324 $181,529 $8,800 $172,729
2024 $2,324 $181,529 $8,800 $172,729
2023 $2,324 $101,943 $8,000 $93,943
2022 $1,453 $101,943 $8,000 $93,943
2021 $1,453 $101,943 $8,000 $93,943
2020 $1,453 $101,943 $8,000 $93,943
2019 $1,453 $101,943 $8,000 $93,943
2018 $1,406 $98,593 $15,000 $83,593
2017 $796 $98,593 $15,000 $83,593
2015 $815 $98,593 $15,000 $83,593
2014 $764 $98,593 $15,000 $83,593
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 1044342

Triad MLS

APN: 117159

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