NOT LISTED FOR SALE

5108 Summit View Ct Kingsport, TN 37664

Estimated Value: $1,206,000 - $1,957,000

0.64 Acre
$2,618,336 Price per Acre
27,878 Sq Ft Lot

Last Sold July 03, 2019

Last sale price $124,900

Est. 1,242% increase in value since last sale

Current estimated payment $10,127/month

823 Days on Market

About This Lot

As of July 2019

The Summit at Preston Park captures the peace of the rolling Tennessee Hills that give its residents breathtaking views with homes starting in the low $600s. These modern mountain estates sit on expansive one to two and a half acre lots providing homeowners a sense of seclusion, with yet convenient access to the city.The Summit uses luxurious architecture to augment the area's natural surroundings. Using custom finishes and exceptional craftsmanship, each home is an elegant reflection of its homeowner, contributing to the lush, mountain-like setting. Situated at the top of the hill in the Preston Park development, each lot offers a spectacular view below.Located mere minutes from Kingsport, residents with children find themselves in the award-winning Kingsport City School District where a world-class educational experience is accessible in a public setting. Known for its student-focused approach to learning, Kingsport City School District believes in engaging with families in the community to create a culture of shared leadership for exemplary learning.The location offers easy access to shopping, dining, and cultural events. The Summit is the perfect marriage of elegant, luxurious country living and big city amenities. No need to journey to the tops of the mountains for peace, while residing at The Summit, you only need to travel home.

Last Agent to Sell the Property

Amy Patterson

Conservus Homes License #246163 Listed on: 02/16/2017

Last Buyer's Agent

Heather Price

KW Kingsport License #336483

KW Kingsport

Property Details

Property Type

  • Land

Lot Details

  • 0.64

Schools

  • Jefferson Elementary School
  • Robinson Middle School
  • Dobyns Bennett High School

Additional Features

  • 0.64 Acre Lot
  • Sewer in Street

Community Details

  • No Home Owners Association
  • The Summit At Preston Par Subdivision

Listing and Financial Details

  • Assessor Parcel Number 013.00

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Directions: Orebank Rd, right to Preston Park Dr. The Summit is located at the top of Preston Park.
  • Prop. Type: Land
  • Subdivision Name: The Summit At Preston Par
  • Location Tax Legal Info Parcel ID: 013.00
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 0.64
  • General Property Description Zoning2: R
  • General Property Description Elementary School3: Jefferson
  • General Property Description Middle School2: Robinson
  • General Property Description High School3: Dobyns Bennett
  • Water Public: Yes
  • Sewer At Road: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 0.64

Utilities

  • Sewer: At Road
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Jefferson
  • High School: Dobyns Bennett
  • Middle Or Junior School: Robinson

Lot Info

  • Zoning: R
  • Lot Dimensions: 163.67 X 200.58 IRR
  • Lot Size Sq Ft: 27878.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 013.00
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2017
Closed on
Jul 3, 2019
Sold by
3 Tees Llc
Bought by
Monroe Barry G
Seller's Agent
Amy Patterson
Conservus Homes
Buyer's Agent
Heather Price
KW Kingsport
List Price
$169,000
Sold Price
$124,900
Premium/Discount to List
-$44,100
-26.09%
Current Estimated Value
$1,675,735

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,550,835
Avg. Annual Appreciation
50.81%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Monroe Barry G $124,900 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/03/2019 07/03/19 Sold $124,900 -26.1% --
05/21/2019 05/21/19 Pending -- -- --
02/16/2017 02/16/17 For Sale $169,000 -- --
Source: Tennessee/Virginia Regional 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
2024 -- $364,600 $30,725 $333,875
2023 $16,059 $364,600 $30,725 $333,875
2022 $16,059 $364,600 $30,725 $333,875
2021 $1,316 $364,600 $30,725 $333,875
2020 $661 $30,725 $30,725 $0
2019 $1,192 $25,725 $25,725 $0
2018 $1,164 $25,725 $25,725 $0
2017 $1,164 $25,725 $25,725 $0
2016 $1,196 $25,725 $25,725 $0
2014 $1,126 $25,725 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 387739

Tennessee/Virginia Regional MLS

APN: 047M-D-013.00