NOT LISTED FOR SALE

55 Summit Rd Tryon, NC 28782

Estimated Value: $322,000 - $507,000

3 Beds
2.5 Baths
1,701 Sq Ft
$249/Sq Ft Est. Value

Last Sold July 22, 2022

Last sale price $325,000 $191 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $2,497/month

4 Days on Market

Highlights

  • Open Floorplan
  • Deck
  • Wood Flooring
  • Community Lake
  • Wooded Lot
  • Corner Lot

About This Home

As of July 2022

Property sold “As-Is”. House has deferred & required maintenance/repairs. Ask agent for property disclosure for full details. Perfect retreat! Quaint, private oasis on Melrose Mountain! Rustic round house situated on an acre sheltered by trees. Located in the gated community of Melrose Mountain (which rises just above downtown Tryon), this home is perfect for full time living or a revitalizing getaway. Enjoy long range mountain views & experience spectacular sunsets. Large open deck & screened porch extends the living space to the outdoors. Open floorplan in the round allows easy flow and views of the outside from every angle. Fireplace and covered carport. Updates in 2005. New roof in Dec. 2020. Community has two lakes; one for fishing; one for swimming. Near outdoor activities - hiking, biking, wineries! Convenient to Tryon & Greenville/Spartanburg/Asheville/Charlotte via I-85 & I-26 & 3 airports.

Last Agent to Sell the Property

Kim Karaman

Tryon Horse Country Homes License #267107 Listed on: 05/07/2022

Last Buyer's Agent

Jordan Stiles

Lusso Realty License #317453

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,183

Year Built

  • Built in 1978

Lot Details

  • Corner Lot
  • Wooded Lot
  • Property is zoned MX, MX

HOA Fees

  • $67 Monthly HOA Fees

Home Design

  • Circular Home
  • Wood Siding

Interior Spaces

  • Open Floorplan
  • Ceiling Fan
  • Living Room with Fireplace
  • Screened Porch
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Deck

Schools

  • Tryon Elementary School
  • Polk Middle School

Utilities

  • Forced Air Heating System
  • Community Well
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number P25-191

Community Details

Overview

  • Melrose Mtn HOA
  • Melrose Mtn Subdivision
  • Mandatory home owners association
  • Community Lake

Recreation

  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,183

Year Built

Built in 1978

Lot Details

0

HOA Fees

$67 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Circular
  • Year Built: 1978
  • Ratio Current Price By Acre: 321782.18
  • Restrictions: Other - See Media/Remarks
  • Restrictions Description: Subj to HOA restrictions
  • Road Surface Type: Gravel
  • Structure Type: One Story Basement
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Basement, Basement Inside Entrance, Basement Outside Entrance, Basement Partially Finished
  • Fireplace: Yes
  • Flooring: Tile, Wood, See Remarks
  • Interior Amenities: Basement Shop, Cable Available, Open Floorplan
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1134
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 68
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 68
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Porch: Deck,Screened
  • Appliances: Ceiling Fan(s), Dishwasher, Electric Oven, Electric Range, Generator Hookup, Microwave, Propane Cooktop, Refrigerator
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 567
  • Fireplace Features: Gas Log, Living Room
  • Living Area: 1701
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Half Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Exterior Features: Satellite Internet Available
  • New Construction: No
  • Roof: Shingle, Concrete
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Waterfront Features: Beach - Private
  • Waterfront Elevation: 1500
  • Construction Type: Wood Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Sq Ft Garage: 0
  • Parking Features: Carport - 1 Car

Utilities

  • Heating: Central, Forced Air
  • Sewer: Septic Installed
  • Water Heater: Electric
  • Laundry Features: In Basement
  • Water Source: Community Well

Condo/Co-op/Association

  • Community Features: Gated, Lake, Recreation Area
  • Association Fee: 400
  • Association Fee Frequency: Semi-Annually
  • Hoa Subject To Dues: Mandatory
  • Association Name: Melrose Mtn HOA
  • ResoAssociationFeeFrequency: SemiAnnually

Schools

  • Middle Or Junior School: Polk
  • HOA Subject To: Required

Lot Info

  • Lot Features: Corner Lot, Long Range View, Mountain View, Wooded
  • Lot Size Area: 1.01
  • Lot Size Units: Acres
  • Parcel Number: P25-191
  • Zoning Description: MX

Tax Info

  • RATIO List Price By Tax Amount: 1.52196

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Tryon
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2022
Closed on
Jul 20, 2022
Sold by
Spohn Sarah B
Bought by
Sobin Zackery and Sobin Morgan Danielle
Seller's Agent
Kim Karaman
Tryon Horse Country Homes
Buyer's Agent
Jordan Stiles
Lusso Realty
List Price
$325,000
Sold Price
$325,000
Current Estimated Value
$423,997

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,997
Avg. Annual Appreciation
8.55%
Original Mortgage
$308,750
Outstanding Balance
$294,094
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$129,903

Purchase Details

Closed on
Mar 9, 2005
Sold by
Saul Jack A and Saul Estelle
Bought by
Spohn Sarah B and Bradley Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 31, 1997
Bought by
Spohn Sarah B
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
Sobin Zackery $325,000 Clement Law Firm Pllc
Spohn Sarah B $178,000 None Available
Spohn Sarah B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sobin Zackery $308,750
Previous Owner Spohn Sarah B $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/22/2022 07/22/22 Sold $325,000 0.0% $191 / Sq Ft
05/30/2022 05/30/22 For Sale $325,000 0.0% $191 / Sq Ft
05/22/2022 05/22/22 Off Market $325,000 -- --
05/11/2022 05/11/22 Pending -- -- --
05/07/2022 05/07/22 For Sale $325,000 -- $191 / 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 $2,183 $385,186 $30,500 $354,686
2024 $1,519 $213,541 $20,500 $193,041
2023 $1,476 $213,541 $20,500 $193,041
2022 $1,447 $213,541 $20,500 $193,041
2021 $1,405 $213,541 $20,500 $193,041
2020 $1,180 $164,096 $20,500 $143,596
2019 $1,180 $164,096 $20,500 $143,596
2018 $1,128 $164,096 $20,500 $143,596
2017 $1,063 $141,901 $15,275 $126,626
2016 $925 $141,901 $15,275 $126,626
2015 $897 $0 $0 $0
2014 $869 $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3858315

Canopy MLS (Canopy Realtor® Association)

APN: P25-191