NOT LISTED FOR SALE

509 Summerfield Place Belmont, NC 28012

Estimated Value: $571,000 - $682,000

4 Beds
2.5 Baths
2,466 Sq Ft
$248/Sq Ft Est. Value

Last Sold October 21, 2022

Last sale price $550,000 $223 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,797/month

2 Days on Market

Highlights

  • Spa
  • Colonial Architecture
  • Corner Lot
  • Belmont Central Elementary School Rated A-
  • Wood Flooring
  • Glass Enclosed

About This Home

As of October 2022

Located just minutes from Belmont's quaint downtown area is Belmont Reserve, a collection of all brick, Colonial style townhomes built for convenience and a carefree lifestyle. But being located walking distance to shops, parks, and restaurants is just the beginning for the list of reasons you'll enjoy calling this community "home". Welcome to 509 Summerfield, a property constructed with upgrades and thoughtful design throughout. Main level primary suite has double vanities, an oversized step in shower, and its own access door to the covered patio where a hot tub has been custom installed. Enclosed patio has brick wall and pavered ground covering for a low maintenance retreat at the end of each day. Laundry located on main means all you'll need day to day is located on one level. Belmont Reserve offers style, upgrades, and premium build quality you don't often see in a townhome community... Exterior walls of living area on this unit do not adjoin adjacent units. Hot tub remains!

Last Agent to Sell the Property

Matthew Hanks

EXP Realty LLC Ballantyne License #91577 Listed on: 09/16/2022

EXP Realty LLC Ballantyne

Last Buyer's Agent

Lou Meagher

Meagher Real Estate License #303649

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,210

Year Built

  • Built in 2016

Lot Details

  • 3,920

HOA Fees

  • $110 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Entry on the 1st floor
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • Ceiling Fan
  • Laundry Room

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Spa
  • Glass Enclosed

Schools

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

Utilities

  • Central Heating
  • Heat Pump System

Community Details

  • Belmont Reserve Condos
  • Built by Bower Traust
  • Belmont Reserve Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 225130

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,210

Year Built

Built in 2016

Lot Details

0

HOA Fees

$110 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Architectural Style: Colonial
  • Year Built: 2016
  • Restrictions: Architectural Review,Subdivision
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Unit Floor Level: 1
  • Road Surface Type: Concrete
  • Structure Type: Two Story
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 223.03
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Hot Tub
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1233
  • 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: 1233
  • Porch: Covered,Enclosed Patio
  • Appliances: Cable Prewire, Ceiling Fan(s), Dishwasher, Disposal, Refrigerator
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Living Area: 2466
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Half Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Half Bathrooms: 0

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Construction Status: Complete
  • Tax Location: Belmont
  • Construction Type: Site Built
  • Construction Type: Brick

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 400
  • Parking Features: Garage - 2 Car

Utilities

  • Heating: Central, Heat Pump, Heat Pump
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: Main Level, Laundry Room
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 110
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Complex Name: Belmont Reserve
  • ResoAssociationFeeFrequency: Monthly

Schools

  • Middle Or Junior School: Belmont
  • HOA Subject To: Required
  • CAR_YearlyHOAExpense: 1320.00

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Units: Acres
  • Parcel Number: 225130
  • Plat Book Slide: 085/032
  • Land Included Yn: 1
  • Zoning Description: res
  • ResoLotSizeUnits: Acres

Building Info

  • Builder Name: Bower Traust

Tax Info

  • RATIO List Price By Tax Amount: 1.55411

Multi Family

  • Unit Count: 0

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2022
Closed on
Oct 20, 2022
Sold by
Hancock Angela L and Hancock Scott A
Bought by
Kyryliuk Eric M and Kyryliuk Tamela
Seller's Agent
Matthew Hanks
EXP Realty LLC Ballantyne
Buyer's Agent
Lou Meagher
Meagher Real Estate
List Price
$529,500
Sold Price
$550,000
Premium/Discount to List
$20,500
3.87%
Views
5
Current Estimated Value
$611,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,229
Avg. Annual Appreciation
3.63%
Original Mortgage
$250,000
Outstanding Balance
$239,637
Interest Rate
5.5%
Mortgage Type
Balloon
Estimated Equity
$371,592

Purchase Details

Closed on
Jun 12, 2017
Sold by
Belmont Reserve Llc
Bought by
Hancock Angela L and Hancock Scott A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,800
Interest Rate
4.03%
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
Kyryliuk Eric M $550,000 --
Kyryliuk Eric M $550,000 None Listed On Document
Hancock Angela L $341,000 Stewart Lender Services
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kyryliuk Eric M $250,000
Closed Kyryliuk Eric M $250,000
Previous Owner Hancock Angela L $264,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2022 10/21/22 Sold $550,000 +3.9% $223 / Sq Ft
09/18/2022 09/18/22 Pending -- -- --
09/16/2022 09/16/22 For Sale $529,500 -- $215 / 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 $5,210 $494,350 $42,000 $452,350
2024 $5,210 $494,350 $42,000 $452,350
2023 $5,265 $494,350 $42,000 $452,350
2022 $4,446 $340,710 $25,500 $315,210
2021 $4,583 $340,710 $25,500 $315,210
2019 $4,617 $340,710 $25,500 $315,210
2018 $3,664 $264,548 $32,000 $232,548
2017 $1,462 $264,548 $32,000 $232,548
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3903423

Canopy MLS (Canopy Realtor® Association)

APN: 225130