NOT LISTED FOR SALE

509 Summit St Madison, NC 27025

Estimated Value: $176,000 - $221,206

3 Beds
2.5 Baths
1,700 Sq Ft
$117/Sq Ft Est. Value

Last Sold November 14, 2022

Last sale price $185,000 $109 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,302/month

21 Days on Market

Highlights

  • Partially Wooded Lot
  • Attic
  • Porch
  • Wood Flooring
  • No HOA
  • Kitchen Island

About This Home

As of November 2022

Beautiful home, ready for new owners! Amazing outdoor entertaining areas,including:covered front porch that runs full width of house,screened porch,multi lvl deck with swing and fully fenced back yard.Awesome Kit that features custom island w/ storage,2 pantries,recessed lighting and all appliances to convey.Spacious Living Room and Dining Room that has wood flooring and chair molding.Primary BR on 2nd lvl offers dual closets and ensuite bath.2 additional BR's with ceiling fan and 1 w/ walk-in closet.

Last Agent to Sell the Property

Phillip Stone

A New Dawn Realty, Inc License #204126 Listed on: 09/23/2022

Last Buyer's Agent

Pamela Foster

Allen Tate Oak Ridge Commons License #339630

Allen Tate Oak Ridge Commons

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,717

Year Built

  • Built in 2002

Lot Details

  • 0.28 Acre Lot
  • Fenced
  • Cleared Lot
  • Partially Wooded Lot
  • Property is zoned R8

Parking

  • Gravel Driveway

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,552 Sq Ft Home
  • 1,300-1,700 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Dryer Hookup
  • Attic

Kitchen

  • Free-Standing Range
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Porch

Schools

  • Western Rockingham Middle School
  • Mcmichael High School

Utilities

  • Zoned Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 3B
  • Assessor Parcel Number 165449
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,717

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.28
  • Lot Size: 80 x 151 x 80 x 151 x
  • Subdivision Name: None
  • Directions: From Madison on W Academy St/US-311, (L) on Summit St, property on the left
  • Above Grade Finished Sq Ft: 1552
  • Unit Levels: Two
  • Structure Type: House
  • Year Built: 2002
  • TRIADMLS_PrimaryOnMainYN: No
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1300 - 1700
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_FencedYN: Yes
  • Special Features: None

Interior Features

  • Appliances: Microwave, Dishwasher, Slide-In Oven/Range, Electric Water Heater
  • Flooring: Carpet, Laminate, Vinyl, Wood
  • Interior Amenities: Ceiling Fan(s), Dead Bolt(s), Kitchen Island, Pantry
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 1552
  • Main Level Bathrooms: 1
  • Attic Description: Access Only
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No
  • TRIADMLS_HalfBathsMain: 1
  • TRIADMLS_FullBathsUpper: 2

Exterior Features

  • Fencing: Fenced
  • Lot Features: Partially Cleared, Partially Wooded
  • Pool Features: None
  • Construction Type: Vinyl Siding
  • TRIADMLS_PoolYN: No
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Parking Features: Driveway, Gravel

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Dryer Connection, Washer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Heating: Heat Pump, Zoned, Electric
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Dillard Academy
  • High School: McMichael
  • Middle Or Junior School: Western Rockingham

Lot Info

  • Parcel #: 165449
  • Zoning: R8
  • TRIADMLS_PricePerAcre: 660714.2857
  • TRIADMLS_PlatPage: 25
  • TRIADMLS_DeedPage: 1934
  • TRIADMLS_DeedBook: 1504
  • TRIADMLS_PlatBook: 49
  • TRIADMLS_AcresRange: 0 - 0

Tax Info

  • Tax Annual Amount: 1716.81
  • Tax Lot: 3B
  • Tax Year: 2022
  • TRIADMLS_TaxRate: 1.425

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2023
Sold by
Ramos Ada Lupe and Ramos Francisco
Bought by
Ramos Ada Lupe and Vicenty Francisco
Current Estimated Value
$198,052

Purchase Details

Listed on
Sep 23, 2022
Closed on
Nov 11, 2022
Sold by
Cathey Cameron J and Cathey Caitlin
Bought by
Ramos Ada Lupe
Seller's Agent
Phillip Stone
A New Dawn Realty, Inc
Buyer's Agent
Pamela Foster
Allen Tate Oak Ridge Commons
List Price
$195,000
Sold Price
$185,000
Premium/Discount to List
-$10,000
-5.13%
Views
42

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.60%
Original Mortgage
$181,649
Interest Rate
6.92%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 28, 2014
Closed on
Mar 30, 2016
Sold by
Brason Properties Llc
Bought by
Allred Caitlin R and Cathey Cameron J
Buyer's Agent
Tamatha McCollum
Allen Tate Oak Ridge Commons
List Price
$119,900
Sold Price
$96,500
Premium/Discount to List
-$23,400
-19.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.31%
Original Mortgage
$88,013
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Closed on
May 23, 2014
Sold by
Redd Tommy G and Redd Sharon M
Bought by
Brason Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,900
Interest Rate
4.32%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 10, 2006
Sold by
Keane James C and Keane Cheryl A
Bought by
Redd Tommy G and Redd Sharon M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
9.85%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Ramos Ada Lupe -- None Listed On Document
Ramos Ada Lupe $185,000 --
Allred Caitlin R $96,500 Attorney
Brason Properties Llc $37,417 None Available
Redd Tommy G $115,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ramos Ada Lupe $181,649
Previous Owner Allred Caitlin R $88,013
Previous Owner Brason Properties Llc $301,500
Previous Owner Brason Properties Llc $29,900
Previous Owner Redd Tommy G $92,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2022 11/14/22 Sold $185,000 -2.6% $142 / Sq Ft
10/15/2022 10/15/22 Pending -- -- --
10/12/2022 10/12/22 Price Changed $189,900 -2.6% $146 / Sq Ft
09/23/2022 09/23/22 For Sale $195,000 +102.1% $150 / Sq Ft
03/31/2016 03/31/16 Sold $96,500 -19.5% $74 / Sq Ft
01/20/2016 01/20/16 Pending -- -- --
08/28/2014 08/28/14 For Sale $119,900 -- $92 / Sq Ft
Source: Triad MLS

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 $2,700 $210,942 $7,920 $203,022
2024 $2,700 $210,942 $7,920 $203,022
2023 $2,700 $120,478 $7,200 $113,278
2022 $1,717 $120,478 $7,200 $113,278
2021 $1,717 $120,478 $7,200 $113,278
2020 $1,717 $120,478 $7,200 $113,278
2019 $1,717 $120,478 $7,200 $113,278
2018 $1,641 $115,104 $12,200 $102,904
2017 $1,643 $115,104 $12,200 $102,904
2015 $1,641 $115,104 $12,200 $102,904
2014 -- $115,104 $12,200 $102,904
Source: Public Records

Agents Affiliated with this Home

  • Phillip Stone

    Seller's Agent in 2022

    Phillip Stone

    A New Dawn Realty, Inc

    (336) 643-4209

    7 in this area

    222 Total Sales

    Phillip Stone
    Section Image

  • P

    Buyer's Agent in 2022

    Pamela Foster

    Allen Tate Oak Ridge Commons

    (336) 681-0451

    3 in this area

    32 Total Sales

    Pamela Foster
    Section Image

  • T

    Buyer's Agent in 2016

    Tamatha McCollum

    Allen Tate Oak Ridge Commons

    (336) 344-0552

    5 in this area

    76 Total Sales

    Tamatha McCollum
    Section Image
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Map

Source: Triad MLS

MLS Number: 1084892

Triad MLS

APN: 165449

North Carolina Rockingham County Madison 27025

509 Summit St, Madison, NC

This home is located at 509 Summit St, Madison, NC 27025 since 23 September 2022 and is currently estimated at $198,052, approximately $116 per square foot. This property was built in 2002. 509 Summit St is a home located in Rockingham County with nearby schools including John W Dillard Elementary, John W. Dillard Academy, and Western Rockingham Middle School.

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