NOT LISTED FOR SALE

5228 Paula Way Summerfield, NC 27358

Estimated Value: $588,000 - $767,000

4 Beds
3.5 Baths
4,000 Sq Ft
$173/Sq Ft Est. Value

Last Sold December 22, 2015

Last sale price $288,750 $72 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $4,075/month

20 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • 3 Car Attached Garage
  • Oak Ridge Elementary School Rated A-
  • No HOA
  • Kitchen Island

About This Home

As of December 2015

ONLINE AUCTION! Awesome opportunity in popular Trotter Ridge! Listed over $117,000 BELOW TAX VALUE! Two story traditional with open kitchen and family room, formal living, dining and office on main level. Master bedroom with fireplace and sitting area. Fenced rear yard and three car attached garage. Agents - please see agent only section for offer instructions, requirements and restrictions. Buyer to verify all info. There is a reserve as well as buyer premium.

Last Agent to Sell the Property

Thomas Somerville

eXp REO BROKERS, Inc License #190717 Listed on: 10/30/2015

eXp REO BROKERS, Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,894

Year Built

  • Built in 1999

Lot Details

  • 0.94 Acre Lot
  • Fenced
  • Level Lot
  • Property is zoned RS40

Parking

  • 3 Car Attached Garage
  • Driveway

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 3,722 Sq Ft Home
  • 3,300-4,000 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Insulated Windows
  • Living Room with Fireplace
  • Pull Down Stairs to Attic

Kitchen

  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Separate Shower

Laundry

  • Laundry on upper level
  • Dryer Hookup

Schools

  • Northwest Middle School
  • Northwest High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Well
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • Trotters Ridge Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0149304
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,894

Year Built

Built in 1999

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.94
  • Subdivision Name: Trotters Ridge
  • Directions: Bunch Rd to Trotter Ridge Right Paula Way
  • Above Grade Finished Sq Ft: 3722
  • Architectural Style: Traditional
  • Unit Levels: Two
  • Year Built: 1999
  • TRIADMLS_PrimaryOnMainYN: No
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 3300 - 4000
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_ElevatorYN: No
  • Special Features: Auction

Interior Features

  • Appliances: Microwave, Oven, Cooktop, Dishwasher, Remarks, Gas Water Heater
  • Flooring: Carpet, See Remarks, Tile, Wood
  • Interior Amenities: Ceiling Fan(s), Dead Bolt(s), Kitchen Island, Pantry, See Remarks, Separate Shower, Tile Counters
  • Has Basement: Crawl Space
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Gas Log, Living Room
  • Fireplaces: 1
  • Living Area: 3722
  • Main Level Bathrooms: 1
  • Attic Description: Pulldown Stairs
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No
  • TRIADMLS_HalfBathsMain: 1
  • TRIADMLS_FullBathsUpper: 3

Exterior Features

  • Exterior Features: Remarks
  • Fencing: Fenced, Privacy
  • Lot Features: Level
  • Construction Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Driveway, Attached
  • Garage Description: Attached Garage

Utilities

  • Sewer: Septic Tank
  • Laundry Features: Dryer Connection, Laundry Room - 2nd Level, Washer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Water Source: Well
  • TRIADMLS_HeatingFuel: Natural Gas
  • Water Heater: Gas
  • Energy Features: Insulated Windows

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Oak Ridge
  • High School: Northwest
  • Middle Or Junior School: Northwest

Lot Info

  • Parcel #: 0149304
  • Zoning: RS40
  • TRIADMLS_PricePerAcre: 335000
  • TRIADMLS_DeedPage: 2961
  • TRIADMLS_DeedBook: 6175
  • TRIADMLS_AcresRange: 1 - 1

Tax Info

  • Tax Annual Amount: 3894.19
  • Tax Year: 2013
  • TRIADMLS_TaxRate: 0.9285

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2015
Closed on
Dec 17, 2015
Sold by
The Bank Of New York Mellon
Bought by
Gorham Damien and Gorham Patra
Seller's Agent
Thomas Somerville
eXp REO BROKERS, Inc
List Price
$314,900
Sold Price
$288,750
Premium/Discount to List
-$26,150
-8.3%
Current Estimated Value
$691,777

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$403,027
Avg. Annual Appreciation
9.38%
Original Mortgage
$270,300
Interest Rate
3.98%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Oct 30, 2015
Closed on
Dec 3, 2015
Sold by
The Bank Of New York Mellon
Bought by
Gorham Damien and Gorham Patra
Seller's Agent
Thomas Somerville
eXp REO BROKERS, Inc
List Price
$314,900
Sold Price
$288,750
Premium/Discount to List
-$26,150
-8.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,300
Interest Rate
3.98%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jun 3, 2014
Sold by
Weiss Blaine and Weiss Cheryl
Bought by
The Bank Of New York Mellon

Purchase Details

Closed on
Sep 24, 2004
Bought by
Weiss Blaine R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,000
Interest Rate
5.73%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 6, 1999
Sold by
Fjf Custom Homes Inc
Bought by
Weiss Blaine R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,950
Interest Rate
7.51%
Mortgage Type
Credit Line Revolving
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
Gorham Damien $288,750 Attorney
Gorham Damien $288,750 Attorney
The Bank Of New York Mellon $354,232 None Available
Weiss Blaine R -- --
Weiss Blaine R $399,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gorham Damien $29,737
Open Gorham Damien L $50,000
Open Gorham Damien $428,041
Open Gorham Damien $859,000
Closed Gorham Damien $51,900
Closed Gorham Damien $318,450
Closed Gorham Damien $24,400
Closed Gorham Damien $20,000
Closed Gorham Damien $317,460
Closed Gorham Damien $35,000
Closed Gorham Damien $35,000
Closed Gorham Damien $270,300
Previous Owner Weiss Blaine R $43,000
Previous Owner Weiss Blaine $384,300
Previous Owner Weiss Blaine $384,000
Previous Owner Weiss Blaine R $382,000
Previous Owner Weiss Blaine R $19,950
Previous Owner Weiss Blaine R $377,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2015 12/22/15 Sold $288,750 -8.3% $88 / Sq Ft
11/20/2015 11/20/15 Pending -- -- --
10/30/2015 10/30/15 For Sale $314,900 -- $95 / 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 $4,671 $525,400 $100,000 $425,400
2024 $4,671 $525,400 $100,000 $425,400
2023 $4,671 $525,400 $100,000 $425,400
2022 $4,671 $525,400 $100,000 $425,400
2021 $4,038 $454,200 $62,000 $392,200
2020 $4,038 $454,200 $62,000 $392,200
2019 $4,038 $454,200 $0 $0
2018 $4,018 $454,200 $0 $0
2017 $4,038 $454,200 $0 $0
2016 $3,950 $432,400 $0 $0
2015 $3,972 $432,400 $0 $0
2014 $4,015 $432,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Thomas Somerville

    Seller's Agent in 2015

    Thomas Somerville

    eXp REO BROKERS, Inc

    (336) 706-6036

    29 Total Sales

    Thomas Somerville
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Map

Source: Triad MLS

MLS Number: 776152

Triad MLS

APN: 0149304

North Carolina Guilford County Summerfield 27358

5228 Paula Way, Summerfield, NC

This home is located at 5228 Paula Way, Summerfield, NC 27358 since 30 October 2015 and is currently estimated at $691,777, approximately $172 per square foot. This property was built in 1999. 5228 Paula Way is a home located in Guilford County with nearby schools including Oak Ridge Elementary School, Northwest Guilford Middle School, and Northwest Guilford High School.

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